New businesses registered (number) in Montenegro
Montenegro: New businesses registered was 7,136 number in 2024. ▲ Rising
New businesses registered in Montenegro, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
The most recent figure for new businesses registered in Montenegro is 7,136 number, measured in 2024.
That represents a change of down 19.5% on the previous year and up 132.1% over ten years.
Over the whole period, new businesses registered in Montenegro peaked at 8,964 number in 2022 and was at its lowest, 2,334 number, in 2009.
Montenegro ranks 105th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New businesses registered in Montenegro, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 3,053 number | — |
| 2007 | 4,276 number | +40.1% |
| 2008 | 3,400 number | -20.5% |
| 2009 | 2,334 number | -31.4% |
| 2010 | 2,370 number | +1.5% |
| 2011 | 2,356 number | -0.6% |
| 2012 | 2,491 number | +5.7% |
| 2013 | 2,900 number | +16.4% |
| 2014 | 3,075 number | +6.0% |
| 2015 | 3,011 number | -2.1% |
| 2016 | 2,818 number | -6.4% |
| 2017 | 3,181 number | +12.9% |
| 2018 | 4,694 number | +47.6% |
| 2019 | 4,132 number | -12.0% |
| 2020 | 3,271 number | -20.8% |
| 2021 | 4,540 number | +38.8% |
| 2022 | 8,964 number | +97.4% |
| 2023 | 8,869 number | -1.1% |
| 2024 | 7,136 number | -19.5% |
Montenegro compared with similar countries
- Montenegro's 7,136 number is below the median for upper middle income countries, which is 8,806 number, 81% of the median. (52 countries reporting)
- Montenegro's 7,136 number is below the median for Europe & Central Asia, which is 19,136 number, 37% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3,266 number | 2,334 number | 4,276 number | 4 |
| 2010s | 3,103 number | 2,356 number | 4,694 number | 10 |
| 2020s | 6,556 number | 3,271 number | 8,964 number | 5 |
Countries ranked near Montenegro
- 102 Bangladesh 7,365 number compare
- 103 Burundi 7,263 number compare
- 104 Uruguay 7,187 number compare
- 106 Democratic Republic of Congo 6,095 number compare
- 107 North Macedonia 6,045 number compare
- 108 Austria 5,982 number 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 businesses registered in Montenegro?
- New businesses registered in Montenegro was 7,136 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Montenegro?
- The highest recorded value was 8,964 number in 2022.
- What is the lowest new businesses registered recorded in Montenegro?
- The lowest recorded value was 2,334 number in 2009.
- How does Montenegro rank for new businesses registered?
- Montenegro ranks 105th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Montenegro?
- Over the last ten years it is up 132.1%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New businesses registered (number). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.