Unemployment in Montenegro
The unemployment rate in Montenegro averaged 18.3% in the decade to 2022, which is above the 7.4% average for Eastern Europe. The unemployment rate in 2022 was 17.8%. For more unemployment information, visit our dedicated page.
Montenegro Unemployment Chart
Note: This chart displays Unemployment Rate for Montenegro from 2014 to 2023.
Source: Macrobond.
Montenegro Unemployment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 15.4 | 18.3 | 16.8 | 15.0 | 13.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Montenegrin unemployment projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Montenegrin unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Montenegrin unemployment projections.
Want to get access to the full dataset of Montenegrin unemployment forecasts? Send an email to info@focus-economics.com.