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Welcome to your comprehensive guide to the Montenegro job market. Finding the right job or candidate requires solid data. We provide the latest statistics on employment, salaries, and economic indicators, empowering you to make informed decisions about your next career step or recruitment strategy in Montenegro.
Job Market Overview: Employment Statistics in Montenegro
Understanding Montenegro's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 622.359 residents |
| Employment Rate | 52% (below OECD average) |
| Unemployment Rate | 11.9% (moderately competitive market) |
These Montenegro employment statistics reveal a balanced labor market where candidates should highlight specialized skills. The 52% employment rate suggests moderate job availability across sectors.
Living & Working in Montenegro: Economic Insights
Before relocating or applying for jobs in Montenegro, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 950,00 USD | 21% of U.S. average (significantly lower) |
| Purchasing Power | 39.6 | moderate compared to U.S. (100) |
With 39.6 purchasing power, salaries in Montenegro provide adequate but budget-conscious lifestyles. The average monthly salary of 950,00 USD is particularly attractive in the Agriculture sector.
Top Industries & Job Opportunities in ME
Montenegro's thriving job market spans these key sectors:
| Leading Industry | Agriculture (growing at 5% annually) |
| Emerging Sector | Manufacturing (25% of workforce) |
| Service Sector | Tourism, Services (60% of GDP) |
| Major Employers | Telekom Crne Gore, Hipotekarna Banka, EPCG (hiring year-round) |
Job seekers should focus on Agriculture for the most opportunities, while Manufacturing offers growth potential. Major companies like Telekom Crne Gore, Hipotekarna Banka, EPCG frequently post openings for skilled professionals.
Data Sources & Methodology
The statistical data (Population, Employment, Economic Indicators) used in this guide is compiled from the following authoritative sources:
- Employment & Economic Data: World Bank Indicators
- Cost of Living & Salaries: Numbeo Cost of Living Database
- Proprietary Data: Analysis derived from expert interviews and Cityjobs.info internal salary research.
Disclaimer: Data Volatility Note
We strive to update all statistics and figures annually. However, due to the nature of global economics, data like employment rates, exchange values, and average salaries can change rapidly due to political events, economic shifts, or unforeseen crises. Always verify critical figures with local governmental or financial institutions before making major decisions.
CityJobs bridges the gap between job seekers and employers in Montenegro, creating a more accessible and inclusive job market for all.
1. What's the employment situation in Montenegro?
With a population of 622,359 and an employment rate of 52%, Montenegro offers a growing job market. The unemployment rate currently stands at 11.9%.
2. Which are the top companies in Montenegro?
The leading employers in Montenegro include Telekom Crne Gore, Hipotekarna Banka, EPCG. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Montenegro?
The purchasing power ratio in Montenegro is 39.6, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Montenegro?
Search our listings filtered for Montenegro. Focus on industries where Telekom Crne Gore, Hipotekarna Banka, EPCG are active, and consider that the 52% employment rate suggests moderate competition for positions.
5. What should I know about working in Montenegro?
With Telekom Crne Gore, Hipotekarna Banka, EPCG as major employers, the job market tends to favor Manufacturing and Tourism, Services.
