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Montenegro Unemployment Rate

Montenegro's unemployment rate fell to an all-time low of 8.93% in August 2025. This is down from 9.03% in July 2025. The decrease indicates a positive labor market trend, driven by increased hiring activity and broader economic recovery. Montenegro's record low unemployment rate was 8.93% in August 2025 and record high was 24.73% in December 2021.

Monthly Historical Data (2015-2025)

(in %)
Month Unemployment Rate
Aug 2025 8.9%
Jul 2025 9%
Jun 2025 9.1%
May 2025 9.7%
Apr 2025 9.9%
Mar 2025 10.2%
Feb 2025 10.6%
Jan 2025 10.7%
Dec 2024 11.4%
Nov 2024 11.4%
Oct 2024 11.3%
Sep 2024 11.1%
Aug 2024 11%
Jul 2024 11.1%
Jun 2024 11.6%
May 2024 12.1%
Apr 2024 12.6%
Mar 2024 12.9%
Feb 2024 13.3%
Jan 2024 13.4%
Dec 2023 13.9%
Nov 2023 14.1%
Oct 2023 13.7%
Sep 2023 16.2%
Aug 2023 16.4%
Jul 2023 13.1%
Jun 2023 13.8%
May 2023 14.5%
Apr 2023 15.2%
Mar 2023 15.7%
Feb 2023 16.1%
Jan 2023 16.3%
Dec 2022 17%
Nov 2022 20%
Oct 2022 19.4%
Sep 2022 19.1%
Aug 2022 18.8%
Jul 2022 19.2%
Jun 2022 19.4%
May 2022 20.1%
Apr 2022 21.3%
Mar 2022 22.4%
Feb 2022 23.6%
Jan 2022 24%
Dec 2021 24.7%
Nov 2021 23.9%
Oct 2021 23.6%
Sep 2021 23%
Aug 2021 22.9%
Jul 2021 23.4%
Jun 2021 23.6%
May 2021 24%
Apr 2021 24.1%
Mar 2021 23.6%
Feb 2021 22.5%
Jan 2021 20.4%
Dec 2020 20.5%
Nov 2020 20.1%
Oct 2020 19.3%
Sep 2020 18.3%
Aug 2020 18.5%
Jul 2020 18.1%
Jun 2020 17.8%
May 2020 17.9%
Apr 2020 17.2%
Mar 2020 15.3%
Feb 2020 15.3%
Jan 2020 15.3%
Dec 2019 16.2%
Nov 2019 16.4%
Oct 2019 15.5%
Sep 2019 14.5%
Aug 2019 14.8%
Jul 2019 14.9%
Jun 2019 15.1%
May 2019 15.8%
Apr 2019 16.4%
Mar 2019 16.5%
Feb 2019 16.6%
Jan 2019 16.7%
Dec 2018 17.8%
Nov 2018 18.5%
Oct 2018 18.1%
Sep 2018 17.2%
Aug 2018 17.7%
Jul 2018 18%
Jun 2018 18.4%
May 2018 18.8%
Apr 2018 19.4%
Mar 2018 20.2%
Feb 2018 20.5%
Jan 2018 20.9%
Dec 2017 22.1%
Nov 2017 22.5%
Oct 2017 21.9%
Sep 2017 21%
Aug 2017 21.1%
Jul 2017 20.2%
Jun 2017 20.2%
May 2017 22.1%
Apr 2017 22.8%
Mar 2017 22.8%
Feb 2017 22.5%
Jan 2017 22%
Dec 2016 21.3%
Nov 2016 20.6%
Oct 2016 19.5%
Sep 2016 18.3%
Aug 2016 17.7%
Jul 2016 17.3%
Jun 2016 17.2%
May 2016 17.3%
Apr 2016 17.9%
Mar 2016 18.3%
Feb 2016 18.4%
Jan 2016 17.8%
Dec 2015 17.2%
Nov 2015 16.4%
Oct 2015 15.7%
Sep 2015 14.6%
Montenegro Unemployment Rate : Definition
The unemployment rate measures the percentage of the labor force in Montenegro that is jobless and actively seeking employment. It is calculated by dividing the number of unemployed persons by the total labor force employed plus unemployed and multiplying by 100.
Indicator Last Value Prior Value Period
Annual Unemployment Rate 14.1% 14.62% 2024
Female Labor Force Rate 41.36% 41.6% 2024