Key Market Indicators
Montenegro's music expenditure is projected to climb to €244 million by 2028, up from €203 million in 2023, marking an average annual growth rate of 2.9%. Over the past decade, the country's demand for music has seen a steady increase of 1.2% each year. In 2023, Montenegro held the 36th position in global music expenditure rankings. Macedonia surpassed Montenegro in the same year with an expenditure of €203 million. Leading the rankings, Germany, France, and Italy secured the second, third, and fourth spots, respectively.
