Revenue
0.2% of Montenegro's revenue
176 companies earned 37.18m€ in 2025, 0.2% of all company revenue in Montenegro. It ranks 18 of 18 sectors by revenue. Revenue has grown 6.1× since 2015.
0.2% of Montenegro's revenue
134 with at most one employee
Largest employer: Institut za Ljekove i Medicinska Sredstva (70)
Total profit: 1.93m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 6,059,866€ | 31 |
| 2016 | 6,328,872€ | 33 |
| 2017 | 5,685,953€ | 32 |
| 2018 | 5,593,346€ | 34 |
| 2019 | 6,203,501€ | 36 |
| 2020 | 6,412,956€ | 40 |
| 2021 | 6,784,760€ | 42 |
| 2022 | 9,058,739€ | 48 |
| 2023 | 11,682,479€ | 62 |
| 2024 | 19,320,424€ | 70 |
| 2025 (Preliminary) | 37,183,079€ | 176 |
The number of companies jumped most in 2023: from 48 to 62.
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 176
* 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 →
Totals include 2 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Fond za Zaštitu Životne Sredine03304094 | 48.3% | 17,960,995€ | +295.7% | 433,597€ | 2.4% | 23 | 1,629€ |
| 2 | 10.8% | 4,006,457€ | -23.7% | 1,398,771€ | 34.9% | 70 | 2,179€ | |
| 3 | Udruženje Grada Luštica Zaliv11014291 | 8.7% | 3,230,794€ | +54.3% | -991€ | -0.0% | 0 | — |
| 4 | Nvo Organizacija za Zaštitu Prava Autora Muzike Crne Gore - Pam CG Podgorica02453614 · Podgorica | 8.0% | 2,987,872€ | +27.2% | 0€ | 0.0% | 10 | 2,173€ |
| 5 | Regulatorna Agencija za Energetiku i Regulisane Komunalne Djelatnosti02396491 · Podgorica | 4.4% | 1,650,710€ | +6.9% | 108,101€ | 6.5% | 44 | 2,084€ |
| 6 | Akreditaciono Tijelo Crne Gore - Podgorica02687810 · Podgorica | 1.6% | 590,021€ | +13.1% | 13,654€ | 2.3% | 13 | 2,160€ |
| 7 | Fond za Aktivno Građanstvo Fakt02697149 · Podgorica | 1.4% | 515,359€ | No filing for 2024. | 0€ | 0.0% | 6 | 1,746€ |
| 8 | Inženjerska Komora Crne Gore02346524 · Podgorica | 1.2% | 453,835€ | -35.4% | -12,537€ | -2.8% | 6 | 4,113€ |
| 9 | Ljekarska Komora Crne Gore02251248 · Podgorica | 1.0% | 358,927€ | +64.2% | 85,759€ | 23.9% | 4 | 3,961€ |
| 10 | Savez Izviđača Crne Gore02026465 · Podgorica | 0.9% | 317,953€ | No filing for 2024. | 0€ | 0.0% | 2 | 3,762€ |
| 11 | Lokalni Javni Emiter Radio Berane02876868 · Berane | 0.8% | 294,680€ | +18.8% | -18,713€ | -6.4% | 23 | 1,047€ |
| 12 | Sigurna Ženska Kuća02291622 · Podgorica | 0.7% | 266,300€ | No filing for 2024. | 0€ | 0.0% | 5 | 3,269€ |
| 13 | Američka Privredna Komora u Crnoj Gori02733803 · Podgorica | 0.7% | 263,724€ | +6.4% | 0€ | 0.0% | 5 | 2,638€ |
| 14 | Dostignuća Mladih u Crnoj Gori11071660 | 0.6% | 209,073€ | No filing for 2024. | 0€ | 0.0% | 3 | 1,236€ |
| 15 | Stomatološka Komora Crne Gore - Podgorica03132595 · Podgorica | 0.6% | 206,733€ | +21.4% | -49,915€ | -24.1% | 2 | 3,378€ |
| 16 | Novi Poredak11000045 | 0.4% | 163,161€ | No filing for 2024. | 0€ | 0.0% | 1 | 7,264€ |
| 17 | 0.4% | 142,541€ | No filing for 2024. | 0€ | 0.0% | 4 | 2,541€ | |
| 18 | Delić Koji Nedostaje11091377 · Tivat | 0.4% | 136,457€ | -10.8% | -7,253€ | -5.3% | 0 | — |
| 19 | Farmaceutska Komora Crne Gore - Podgorica02330687 · Podgorica | 0.4% | 135,694€ | No filing for 2024. | 0€ | 0.0% | 1 | 7,159€ |
| 20 | Đakomo Adriatic03009815 · Bijelo Polje | 0.4% | 132,720€ | -5.2% | 0€ | 0.0% | 1 | 8,291€ |
| 21 | 0.4% | 131,436€ | +27.9% | 0€ | 0.0% | 2 | 1,358€ | |
| 22 | Volonteri Crne Gore-Volunteers of Montenegro11023053 · Nikšić | 0.3% | 122,182€ | No filing for 2024. | 0€ | 0.0% | 3 | 864€ |
| 23 | Nevladina Fondacija Budi Human11017606 | 0.3% | 121,424€ | No filing for 2024. | -11,258€ | -9.3% | 4 | 1,430€ |
| 24 | Wat Montenegro03010155 | 0.3% | 119,891€ | No filing for 2024. | 0€ | 0.0% | 1 | 1,452€ |
| 25 | Nacionalna Erasmus+kancelarija03020541 | 0.3% | 118,244€ | -5.7% | 15,521€ | 13.1% | 0 | — |
| 26 | 0.2% | 92,450€ | No filing for 2024. | 0€ | 0.0% | 3 | 1,673€ | |
| 27 | Danski Dom11107141 · Kotor | 0.2% | 90,843€ | No filing for 2024. | 0€ | 0.0% | 6 | 810€ |
| 28 | Institut za Socio-Ekonomske Analize (isea)02988631 · Podgorica | 0.2% | 87,246€ | -1.9% | 16,227€ | 18.6% | 1 | 5,149€ |
| 29 | Puževa Kućica02921260 · Budva | 0.2% | 77,462€ | -6.4% | 56€ | 0.1% | 1 | 5,048€ |
| 30 | Veterinarska Komora Crne Gore02694484 · Podgorica | 0.2% | 73,954€ | -15.0% | 0€ | 0.0% | 1 | 1,194€ |
| 31 | Udruženje Hendikepiranih- Srce02443732 · Mojkovac | 0.2% | 70,705€ | No filing for 2024. | -12,943€ | -18.3% | 5 | 1,315€ |
| 32 | Hajdari Familija11077552 · Ulcinj | 0.2% | 69,084€ | +98.0% | 8,867€ | 12.8% | 0 | — |
| 33 | Futura11006736 | 0.2% | 69,027€ | No filing for 2024. | -14,768€ | -21.4% | 4 | 1,692€ |
| 34 | Orijent02936119 · Bar | 0.2% | 68,597€ | No filing for 2024. | -712€ | -1.0% | 0 | — |
| 35 | 0.2% | 68,273€ | No filing for 2024. | 10,396€ | 15.2% | 1 | 2,586€ | |
| 36 | Nvo Rubikon11077617 · Berane | 0.2% | 64,291€ | +147.7% | 26,133€ | 40.6% | 0 | — |
| 37 | Nevladino Udruženje/Nevladina Organizacija Kornjača/Rožaje11087345 · Rožaje | 0.2% | 61,784€ | No filing for 2024. | -1,180€ | -1.9% | 5 | 1,048€ |
| 38 | Čovjekoljublje02384469 · Podgorica | 0.2% | 57,099€ | -5.7% | 0€ | 0.0% | 1 | 341€ |
| 39 | Medicinski Edukativni Krug11071201 · Podgorica | 0.2% | 56,525€ | +37.5% | 1,749€ | 3.1% | 0 | — |
| 40 | Klaster Centar za Razvoj Turizma11026664 · Bar | 0.2% | 56,343€ | No filing for 2024. | 5,812€ | 10.3% | 0 | — |
| 41 | Udruženje Medicinskih Sestara i Tehničara Crne Gore02249588 · Podgorica | 0.1% | 46,630€ | No filing for 2024. | 0€ | 0.0% | 0 | — |
| 42 | Freedom and Entrepreneurship11012256 | 0.1% | 45,500€ | +126.4% | 3,921€ | 8.6% | 1 | 1,577€ |
| 43 | Komora Fizioterapeuta Crne Gore - Podgorica03143465 · Podgorica | 0.1% | 44,893€ | -16.2% | 0€ | 0.0% | 2 | 1,125€ |
| 44 | Nvu Kreni Promijeni11089887 | 0.1% | 43,700€ | No filing for 2024. | 17,696€ | 40.5% | 1 | 1,847€ |
| 45 | Udruženje Spičana - Nehaj11048293 · Bar | 0.1% | 42,710€ | No filing for 2024. | -512€ | -1.2% | 1 | 541€ |
| 46 | Civilni Centar CG02906007 · Budva | 0.1% | 41,368€ | No filing for 2024. | -1,480€ | -3.6% | 1 | 341€ |
| 47 | Poljoprivredni Klaster Crne Gore11079865 · Nikšić | 0.1% | 38,418€ | No filing for 2024. | -3,264€ | -8.5% | 1 | 1,937€ |
| 48 | 0.1% | 38,318€ | No filing for 2024. | 0€ | 0.0% | 1 | 1,972€ | |
| 49 | Vanja11037437 | <0.1% | 37,089€ | -0.3% | 0€ | 0.0% | 0 | — |
| 50 | Kotor02021706 · Kotor | <0.1% | 35,859€ | +28.6% | 8,193€ | 22.8% | 2 | 780€ |