Key Market Indicators
Montenegrin spending on music is forecasted to surge to approximately €244 million by 2028, from an estimated €203 million in 2023. This growth represents an average annual increase of 2.9%. Since 2011, the demand for music in Montenegro has consistently risen, posting an average annual growth rate of 1.2%. In the global rankings for 2023, Montenegro secured the 36th position, just behind Macedonia at the same expenditure level of €203 million. Leading the list were Germany, France, and Italy, placing second, third, and fourth respectively in terms of music expenditure.