Number of female business owners in Montenegro

Montenegro: Number of female business owners was 1,993 in 2024. ◆ Volatile

Latest (2024)
1,993
Change on year
down 20.9%
World rank
40th
of 72 countries
All-time high
2,794
in 2022
All-time low
285
in 2017
Years of data
11
2014–2024

Number of female business owners in Montenegro, 2014–2024

01.0k2.0k3.0k2014201920242014: 1.4k2015: 3442016: 2942017: 2852018: 3342019: 3312020: 2952021: 8662022: 2.8k2023: 2.5k2024: 2.0k

Source: World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026.

Analysis

In 2024, number of female business owners in Montenegro stood at 1,993.

That represents a change of down 20.9% on the previous year and up 40.7% over ten years.

Over the whole period, number of female business owners in Montenegro peaked at 2,794 in 2022 and was at its lowest, 285, in 2017.

Montenegro ranks 40th of 72 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Number of female business owners in Montenegro, year by year

Annual values for Number of female business owners in Montenegro, 2014 to 2024.
Year Value Change
2014 1,416
2015 344 -75.7%
2016 294 -14.5%
2017 285 -3.1%
2018 334 +17.2%
2019 331 -0.9%
2020 295 -10.9%
2021 866 +193.6%
2022 2,794 +222.6%
2023 2,521 -9.8%
2024 1,993 -20.9%

Averages by decade

DecadeAverage LowestHighest Years
2010s 500.67 285 1,416 6
2020s 1,694 295 2,794 5

Countries ranked near Montenegro

  1. 37 Jamaica 2,317 compare
  2. 38 Serbia 2,174 compare
  3. 39 Burundi 1,999 compare
  4. 41 Belize 1,908 compare
  5. 42 Mozambique 1,721 compare
  6. 43 Iraq 1,676 compare

See the full ranking of 72 places →

More private sector data for Montenegro

All data for Montenegro →

Frequently asked questions

What is number of female business owners in Montenegro?
Number of female business owners in Montenegro was 1,993 in 2024, according to World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026.
What is the highest number of female business owners recorded in Montenegro?
The highest recorded value was 2,794 in 2022.
What is the lowest number of female business owners recorded in Montenegro?
The lowest recorded value was 285 in 2017.
How does Montenegro rank for number of female business owners?
Montenegro ranks 40th out of 72 countries with data for 2024.
Is number of female business owners rising or falling in Montenegro?
Over the last ten years it is up 40.7%. The long-run trend across the full record is volatile.
Where does this Montenegro data come from?
The figures come from World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026, published as part of Number of female business owners. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

Share, cite or embed this page

Cite this page

Number of female business owners in Montenegro. Statizoid, drawing on World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026. Retrieved 31 August 2026, from https://private-sector.statizoid.com/stat/number-of-female-business-owners/montenegro/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://private-sector.statizoid.com/stat/number-of-female-business-owners/montenegro/">Number of female business owners in Montenegro</a> — Statizoid

About this data

Indicator
Number of female business owners
Source
World Bank's Entrepreneurship Survey and database (https://www.worldbank.org/en/programs/entrepreneurship). Downloaded on May 2, 2026
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
72 places, 632 data points, 2014–2024
Last refreshed

Number of female business owners is the number of female individuals that own at least one share of a limited liability company that was newly registered in the calendar year.