Unemployment in Montenegro

Montenegro Unemployment | Economic News & Forecasts

Montenegro - Unemployment

While official GDP figures for the third quarter are still pending, available data indicates the economy continued expanding at a solid pace. Investment should have remained the key driver of growth, powered by large infrastructure projects such as the Bar-Boljare highway and the underwater power cable with Italy. Moreover, the stream of tourist arrivals throughout Q3 stayed steady, while the services sector, alongside brisk construction activity, helped sustain the gradual improvement in the labor market as well. Nevertheless, the government’s agenda to shrink the public sector could cause unemployment to rebound in the near-term.

Montenegro - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate19.5  18.0  17.6  17.7  17.0  

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Montenegro Unemployment Chart

Montenegro Unemployment
Note: Unemployment as % of active population (aop).
Source: Employment Agency of Montenegro

Montenegro Facts

Exchange Rate1.130.65 %Dec 11

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