Municipalities

Company activity across Montenegro by municipality

Total revenue

16.04b€

Companies

32,223

Employees

165,571

Avg gross pay*

1,236€

Profit margin

5.2%

Top revenue

Podgorica

8.99b€56.0% of national

* Avg gross pay is an estimate calculated from financial-statement personnel-cost figures; source inaccuracies and non-salary personal expenses can make it vary significantly.

Map · Revenue

Top municipalities · Revenue

#MunicipalityRevenueShare

1Podgorica9.0b€56.0%

2Nikšić1.4b€8.9%

3Budva908.4m€5.7%

4Bar721.2m€4.5%

5Tivat687.3m€4.3%

6Herceg Novi514.3m€3.2%

7Kotor477.2m€3.0%

8Bijelo Polje397.6m€2.5%

9Danilovgrad367.4m€2.3%

10Ulcinj274.5m€1.7%

11Zeta256.4m€1.6%

12Pljevlja226.8m€1.4%

13Cetinje204.0m€1.3%

14Tuzi185.2m€1.2%

15Berane161.2m€1.0%

16Rožaje96.3m€0.6%

17Kolašin50.8m€0.3%

18Mojkovac32.6m€0.2%

19Andrijevica19.7m€0.1%

20Žabljak16.3m€0.1%

21Plav11.7m€0.1%

22Šavnik8.0m€0.0%

23Petnjica5.0m€0.0%

24Plužine4.8m€0.0%

25Gusinje2.4m€0.0%

Sector mix in top municipalities

Year-over-year · Revenue

Productivity (revenue per employee)

Average gross pay by municipality*

Regional context available civic data: Agriculture, Education, Employment by sector, Population & migration, Tourism (2018–2025).

Keep exploring

SectorsThe economy by sector and activity MoversBiggest year-over-year revenue gains and drops Top listsReady-made rankings of the largest companies

Source: Tax Administration / CRPSCurrency: EUR