Trade
7.56b€
2025
2024 → 2025 · +8.7%same companies
As reported (all filers): +9.3%2015–2025: +154.5%
Company activity across Montenegro by sector
Totals include 1,640 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Compare all sectors using 2025 financial statements.
| # | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Trade Largest company: 5.2% of sector | 7,568,788,891€ | 42.9% | +8.7%, As reported (all filers): +9.3% | 46,851 | 1,139€ | 4.6% | 7,526median 31.0k€ |
| 2 | Construction Largest company: 4.6% of sector | 2,053,113,034€ | 11.6% | +26.6%, As reported (all filers): +28.3% | 19,499 | 1,254€ | 8.0% | 4,334median 24.1k€ |
| 3 | Manufacturing Largest company: 6.4% of sector | 1,426,505,421€ | 8.1% | +5.8%, As reported (all filers): +4.4% | 15,588 | 1,048€ | 5.8% | 2,600median 38.5k€ |
| 4 | Hospitality Largest company: 7.1% of sector | 1,281,069,991€ | 7.3% | +8.0%, As reported (all filers): +8.0% | 25,142 | 1,171€ | 3.2% | 3,730median 50.6k€ |
| 5 | Transport & logistics Largest company: 6.3% of sector | 942,990,861€ | 5.3% | +8.4%, As reported (all filers): +11.5% | 12,681 | 1,348€ | 3.5% | 1,885median 53.6k€ |
| 6 | Energy, water & waste Largest company: 43.9% of sector | 932,569,067€ | 5.3% | +1.7%, As reported (all filers): +2.7% | 9,747 | 1,516€ | -5.5% | 270median 13.2k€ |
| 7 | Professional services Largest company: 4.3% of sector | 754,035,790€ | 4.3% | +11.4%, As reported (all filers): +13.6% | 13,987 | 1,320€ | 9.7% | 5,140median 16.3k€ |
| 8 | Technology Largest company: 28.6% of sector | 641,264,304€ | 3.6% | +11.5%, As reported (all filers): +11.8% | 7,376 | 1,876€ | 19.0% | 1,939median 10.5k€ |
| 9 | Arts & entertainment Largest company: 15.7% of sector | 458,854,259€ | 2.6% | +9.4%, As reported (all filers): +9.6% | 8,796 | 1,273€ | 12.2% | 1,100median 11.1k€ |
| 10 | Finance & insurance Largest company: 26.9% of sector Insurers (ASO) report to their regulator and are not included. | 425,469,639€ | 2.4% | -5.6%, As reported (all filers): -5.6% | 470 | 2,150€ | 38.1% | 96median 210.6k€ |
| 11 | Administrative services Largest company: 5.0% of sector | 406,522,105€ | 2.3% | +11.3%, As reported (all filers): +12.1% | 9,701 | 1,126€ | 3.4% | 2,199median 11.8k€ |
| 12 | Real estate Largest company: 17.2% of sector | 229,773,419€ | 1.3% | +5.7%, As reported (all filers): +18.6% | 3,135 | 1,235€ | 4.3% | 1,642median 1.8k€ |
| 13 | Mining Largest company: 37.2% of sector | 130,832,070€ | 0.7% | -17.9%, As reported (all filers): -18.0% | 1,923 | 1,754€ | -0.4% | 59median 72.4k€ |
| 14 | Agriculture Largest company: 32.7% of sector | 123,693,045€ | 0.7% | +20.4%, As reported (all filers): +20.7% | 1,669 | 1,263€ | 5.5% | 369median 15.2k€ |
| 15 | Health & social care Largest company: 16.4% of sector | 121,257,602€ | 0.7% | +24.3%, As reported (all filers): +25.0% | 3,776 | 1,272€ | 11.4% | 613median 40.7k€ |
| 16 | Education Largest company: 5.9% of sector | 61,129,031€ | 0.3% | +12.1%, As reported (all filers): +12.3% | 2,398 | 1,370€ | 2.4% | 471median 18.5k€ |
| 17 | Personal services Largest company: 4.2% of sector | 58,590,009€ | 0.3% | +13.9%, As reported (all filers): +14.6% | 3,537 | 769€ | -3.8% | 1,556median 11.7k€ |
| 18 | Public & nonprofit Largest company: 48.3% of sector | 37,183,079€ | 0.2% | +73.9%, As reported (all filers): +92.5% | 338 | 1,897€ | 5.2% | 176median 7.9k€ |
Largest company: 5.2% of sector
Voli Trade
Largest company: 4.6% of sector
Bemax
Largest company: 6.4% of sector
Meso-Promet
Largest company: 7.1% of sector
Luštica Development
Largest company: 6.3% of sector
Tomontenegro
Largest company: 43.9% of sector
Elektroprivreda Crne Gore
Largest company: 4.3% of sector
Net Montenegro
Largest company: 28.6% of sector
Mtel
Each sector's profit margin beside its revenue per employee, 2025. The dashed line is Montenegro.
Profit margin · Revenue per employee · 2025 · % · EUR · Source: Tax Administration / CRPS
Finance & insurance is left out of pay and margin rankings because insurers are not included.
Revenue · 2015–2025 · EUR · Source: Tax Administration / CRPS
Dashed: 2025 preliminary
| Year | Trade | Construction | Manufacturing | Hospitality | Transport & logistics | Energy, water & waste |
|---|---|---|---|---|---|---|
| 2015 | 2,971,153,191€ | 677,439,325€ | 652,001,526€ | 293,412,112€ | 405,089,365€ | 393,186,262€ |
| 2016 | 3,198,233,406€ | 905,260,212€ | 664,144,843€ | 326,915,110€ | 454,310,643€ | 434,943,628€ |
| 2017 | 3,554,785,630€ | 1,196,306,945€ | 765,142,727€ | 408,696,660€ | 510,265,203€ | 516,473,539€ |
| 2018 | 3,809,510,493€ | 1,342,766,653€ | 794,303,168€ | 478,761,075€ | 581,108,490€ | 582,782,947€ |
| 2019 | 4,081,616,436€ | 1,390,789,883€ | 830,768,060€ | 555,265,409€ | 575,874,972€ | 626,645,954€ |
| 2020 | 3,559,955,953€ | 1,080,803,073€ | 774,831,241€ | 251,234,998€ | 396,663,976€ | 658,192,002€ |
| 2021 | 4,275,241,626€ | 997,053,876€ | 914,200,180€ | 524,829,681€ | 520,195,175€ | 788,337,421€ |
| 2022 | 5,374,937,023€ | 1,191,361,169€ | 1,191,396,186€ | 783,430,983€ | 718,832,978€ | 986,171,025€ |
| 2023 | 6,475,832,429€ | 1,367,295,568€ | 1,229,529,711€ | 997,970,661€ | 810,116,746€ | 959,484,869€ |
| 2024 | 6,917,371,035€ | 1,598,488,507€ | 1,359,754,814€ | 1,155,134,142€ | 844,781,540€ | 907,623,985€ |
| 2025 | 7,561,328,994€ | 2,050,443,813€ | 1,419,142,642€ | 1,243,152,922€ | 941,238,218€ | 932,426,300€ |
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