Key Market Indicators
Montenegro's manufacturing output is projected to climb to approximately €840 million by 2028, up from around €680 million in 2023. This marks an average annual growth rate of about 3.3%. The growth trajectory for Montenegrin manufacturing has been steady since 2011, with an annual increase of 3.4%. As of 2023, Montenegro holds the 37th spot globally in manufacturing output. In the same year, Albania surpassed Montenegro, matching its 2023 figure of €680 million. Leading the rankings are Italy, France, and Spain, occupying the second, third, and fourth positions, respectively.
