MINIMUM AND AVERAGE SALARY IN MONTENEGRO

Montenegro is a small country, located in the south-eastern part of Europe in the west of the Balkan Peninsula. It is washed by the Adriatic Sea and borders with Croatia, Bosnia and Herzegovina, Serbia, Kosovo, and Albania. It is one of the most popular European destinations among tourists from the post-Soviet area.

Salary in Montenegro

The population of Montenegro is about 631.2 thousand people. At the same time, the annual flow of foreigners visiting the local resorts is several times higher than the number of residents. Not surprisingly, the main areas for employment are tourism, as well as construction. Next, Let's find out what salaries in Montenegro in 2020.

Minimum salary in Montenegro

According to official information from the Montenegrin Tax Administration and the Ministry of Labour and Social Security, the minimum wage in Montenegro from July 1, 2019 is 222 euros per month. This is a net indicator, after deduction of relevant taxes and contributions to compulsory social security. The previous rate was set back in May 2013 and was equal to 193 euros.

Thus, the minimum wage in Montenegro has not changed for 6 years. In this case, the increase in 2019 was only 29 euros. But as noted by Montenegrin Minister of Labor and Social Security Kemal Purisic, the amount of 222 euros represents 43% of the average wage in the country, and the previous amount of 193 euros was 38%. In EU member states, this figure is 39 percent.

Note. Before the increase in 2019, the minimum wage in Montenegro was paid to about 12,000 workers, and between 42,000 and 45,000 people received between 193 and 222 euros per month (net).

Average salary in Montenegro

According to the official data of the local statistical office, before taxes, the average Montenegrin salary in 2020 is 787 euros per month. After all deductions, the employee has 524 euros left. Compared to last year, Montenegrins' income increased by only 0.8%. The highest salaries are in finance and insurance – 1,475 euros per month, and the lowest Administrative and Support Services – 550 euros.

AVERAGE SALARY IN MONTENEGRO BY SECTOR OF ECONOMY

Sector of economy Euro per month (gross)
Financial and insurance activity 1,475
Supply of electricity, gas, steam and air conditioning 1,337
Real estate operations 1,198
Information and communication 1,072
Mining 1,026
Public administration and protection 903
Health care and social work 843
Transportation and storage 840
Fishing, agriculture and forestry 827
Education 784
Professional, scientific and technical activity 728
Water supply, sewerage and waste management 720
Construction 668
Accommodation and meals 665
Art, entertainment and leisure 656
Manufacture 621
Wholesale and retail trade 587
Administrative and support services 550
Others 736 736

In general, salaries in Montenegro are significantly lower compared to developed European countries. At the same time the unemployment rate is about 15%, and the income tax rate in Montenegro in 2020 is 9%.

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