Unemployment in Montenegro

Montenegro Unemployment | Economic News & Forecasts

Montenegro - Unemployment

The economy remained on firm footing in the second quarter with GDP growth accelerating to 4.9% year-on-year. The expansion was underpinned by the domestic economy, with private consumption accelerating notably—likely thanks to lower unemployment—and fixed investment posting another strong reading. Furthermore, merchandise exports posted another double-digit expansion in the January–August period. On 21 September, Moody’s upgraded Montenegro’s credit rating outlook to positive from stable, thanks to the government’s structural reforms, sizeable investment projects, and progress towards EU accession.

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 Rate1.160.65 %Oct 12

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