New business density in Montenegro
Montenegro: New business density was 17.86 new registrations per 1,000 people ages 15-64 in 2024. ◆ Volatile
Latest (2024)
17.86 new registrations per 1,000 people ages 15-64
Change on year
down 19.4%
World rank
11th
of 177 countries
All-time high
22.33 new registrations per 1,000 people ages 15-64
in 2022
All-time low
5.61 new registrations per 1,000 people ages 15-64
in 2011
Years of data
19
2006–2024
New business density in Montenegro, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in new registrations per 1,000 people ages 15-64.
Analysis
In 2024, new business density in Montenegro stood at 17.86 new registrations per 1,000 people ages 15-64.
That represents a change of down 19.4% on the previous year and up 144.0% over ten years.
Over the whole period, new business density in Montenegro peaked at 22.33 new registrations per 1,000 people ages 15-64 in 2022 and was at its lowest, 5.61 new registrations per 1,000 people ages 15-64, in 2011.
That places Montenegro 11th out of 177 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
New business density in Montenegro, year by year
| Year | new registrations per 1,000 people ages 15-64 | Change |
|---|---|---|
| 2006 | 7.43 new registrations per 1,000 people ages 15-64 | — |
| 2007 | 10.38 new registrations per 1,000 people ages 15-64 | +39.6% |
| 2008 | 8.22 new registrations per 1,000 people ages 15-64 | -20.8% |
| 2009 | 5.62 new registrations per 1,000 people ages 15-64 | -31.7% |
| 2010 | 5.67 new registrations per 1,000 people ages 15-64 | +1.0% |
| 2011 | 5.61 new registrations per 1,000 people ages 15-64 | -1.1% |
| 2012 | 5.92 new registrations per 1,000 people ages 15-64 | +5.5% |
| 2013 | 6.89 new registrations per 1,000 people ages 15-64 | +16.4% |
| 2014 | 7.32 new registrations per 1,000 people ages 15-64 | +6.2% |
| 2015 | 7.2 new registrations per 1,000 people ages 15-64 | -1.7% |
| 2016 | 6.76 new registrations per 1,000 people ages 15-64 | -6.0% |
| 2017 | 7.67 new registrations per 1,000 people ages 15-64 | +13.4% |
| 2018 | 11.38 new registrations per 1,000 people ages 15-64 | +48.4% |
| 2019 | 10.08 new registrations per 1,000 people ages 15-64 | -11.4% |
| 2020 | 8.04 new registrations per 1,000 people ages 15-64 | -20.3% |
| 2021 | 11.24 new registrations per 1,000 people ages 15-64 | +39.8% |
| 2022 | 22.33 new registrations per 1,000 people ages 15-64 | +98.6% |
| 2023 | 22.16 new registrations per 1,000 people ages 15-64 | -0.8% |
| 2024 | 17.86 new registrations per 1,000 people ages 15-64 | -19.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.91 new registrations per 1,000 people ages 15-64 | 5.62 new registrations per 1,000 people ages 15-64 | 10.38 new registrations per 1,000 people ages 15-64 | 4 |
| 2010s | 7.45 new registrations per 1,000 people ages 15-64 | 5.61 new registrations per 1,000 people ages 15-64 | 11.38 new registrations per 1,000 people ages 15-64 | 10 |
| 2020s | 16.33 new registrations per 1,000 people ages 15-64 | 8.04 new registrations per 1,000 people ages 15-64 | 22.33 new registrations per 1,000 people ages 15-64 | 5 |
Countries ranked near Montenegro
- 8 United Kingdom of Great Britain and Northern Ireland 19.19 new registrations per 1,000 people ages 15-64 compare
- 9 Saint Kitts and Nevis 18.72 new registrations per 1,000 people ages 15-64 compare
- 10 Australia 18.06 new registrations per 1,000 people ages 15-64 compare
- 12 New Zealand 16.05 new registrations per 1,000 people ages 15-64 compare
- 13 China 15.59 new registrations per 1,000 people ages 15-64 compare
- 14 Liechtenstein 15.57 new registrations per 1,000 people ages 15-64 compare
More private sector data for Montenegro
- Merchandise trade 61.8% (2025)
- Food imports 23.6% (2024)
- Manufactures imports 63.7% (2024)
- Merchandise imports 5.06 billion current US$ (2025)
- Food exports 16.8% (2024)
- Manufactures exports 35.1% (2024)
- Merchandise exports 646.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,037 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.07 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -2.71 % change on previous year (2025)
Frequently asked questions
- What is new business density in Montenegro?
- New business density in Montenegro was 17.86 new registrations per 1,000 people ages 15-64 in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new business density recorded in Montenegro?
- The highest recorded value was 22.33 new registrations per 1,000 people ages 15-64 in 2022.
- What is the lowest new business density recorded in Montenegro?
- The lowest recorded value was 5.61 new registrations per 1,000 people ages 15-64 in 2011.
- How does Montenegro rank for new business density?
- Montenegro ranks 11th out of 177 countries with data for 2024.
- Is new business density rising or falling in Montenegro?
- Over the last ten years it is up 144.0%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New business density (new registrations per 1,000 people ages 15-64). Statizoid updates them automatically from the source API.
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About this data
The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.