Industrial Production in Montenegro
Montenegro recorded an average industrial production growth rate of 2.3% in the decade to 2022, below the 3.2% average for Eastern Europe. In 2022, industrial production growth was -1.8%. For more industry information, visit our dedicated page.
Montenegro Industry Chart
Montenegro Industry Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | -6.2 | -0.9 | 5.7 | -1.8 | 7.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Montenegrin industry projections for the next ten years from a panel of 1 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 industry forecast available for Montenegrin industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Montenegrin industry projections.
Want to get access to the full dataset of Montenegrin industry forecasts? Send an email to info@focus-economics.com.