Long Term Unemployment Rate in Montenegro increased to 16 percent in the fourth quarter of 2020 from 12.40 percent in the third quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Montenegro averaged 13.79 percent from 2011 until 2020, reaching an all time high of 17.60 percent in the first quarter of 2013 and a record low of 10.50 percent in the second quarter of 2018. This page provides - Montenegro Long Term Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Long Term Unemployment Rate - values, historical data and charts - was last updated on July of 2021.

Long Term Unemployment Rate in Montenegro is expected to be 13.53 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Montenegro to stand at 11.03 in 12 months time. In the long-term, the Montenegro Long Term Unemployment Rate is projected to trend around 10.53 percent in 2022 and 9.53 percent in 2023, according to our econometric models.

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Montenegro Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.00 12.40 17.60 10.50 2011 - 2020 percent Quarterly

Montenegro Labour Last Previous Highest Lowest Unit
Unemployment Rate 24.01 24.30 31.00 10.20 percent [+]
Employed Persons 151252.00 153172.00 215181.00 109639.00 [+]
Wages 792.00 790.00 792.00 266.98 EUR/Month [+]
Minimum Wages 331.33 331.33 331.33 288.05 EUR/Month [+]
Population 0.62 0.62 0.63 0.47 Million [+]
Wages In Manufacturing 574.00 573.00 827.00 573.00 EUR/Month [+]
Long Term Unemployment Rate 16.00 12.40 17.60 10.50 percent [+]