www.project-next.eu
Statistical analysis of SMEs in Montenegro
Table 1 Gross output, intermediate consumption and gross value added by enterprise size class, in
thousand EUR
Statistics
Units
Sectoral distribution of firms
- Mining and quarrying
- Manufacturing
- Utilities
- Construction
- Wholesale and retail trade, repair
of motor vehicles and motorcycles
- Transportation and storage
- Information and communication *
- Other services
Micro
Small
2012
17.492
2013
20.364
2012
1.214
Medium
2013
1.278
2012
0.242
2013
0.238
% of all enterprises
Number of units in sector
Number of units in sector
Number of units in sector
Number of units in sector
Number of units in sector
Number of units in sector
in 000
in 000
in 000
in 000
in 000
in 000
0.218
0.044
1.549
0.066
1.809
6.83
0.255
0.052
1.759
0.104
2.145
7.58
0.009
0.006
0.171
0.007
0.115
0.455
0.011
0.005
0.155
0.009
0.12
0.469
0.001
0.003
0.032
0.008
0.023
0.079
0
0.002
0.029
0.009
0.025
0.071
Number of units in sector
Number of units in sector
Number of units in sector
in 000
in 000
in 000
0.817
0.421
0.387
0.931
0.553
0.477
0.071
0.033
0.019
0.069
0.032
0.024
0.016
0.01
0.004
0.015
0.012
0.004
Source: Tax Authority of Montenegro
Table 2 Gross output, intermediate consumption and gross value added by sector of activity
classification KD 2010 (Nace Rev 2), in thousand EUR.
Section
B
C
D
E
F
G
H
I
J
L
M
N
P
Q
R
S
Title
Mining and quarrying
Manufacturing
Electricity, gas, steam and air conditioning
supply
Water supply; sewerage, waste management
and remediation activities
Construction
Wholesale and retail trade; repair of motor
vehicles and motorcycles
Transportation and storage
Accommodation and food service activities
Information and communication
Real estate activities
Professional, scientific and technical
activities
Administrative and support service activities
Education
Human health and social work activities
Arts, entertainment and recreation
Other service activities
Gross
61 604
417 261
251 177
Intermediate
consumption
27 737
304 017
104 927
Gross value added
33 868
113 244
146 250
101 333
36 830
64 503
366 170
762 278
296 510
388 066
69 660
374 212
319 846
212 491
283 035
44 709
206 218
200 722
117 351
129 854
38 769
145 442
119 123
95 140
153 181
5 940
60 775
124 442
15 161
34 444
58 686
22 364
89 639
5 179
12 680
34 165
10 152
34 804
9 982
21 763
24 521
12 212
www.project-next.eu
Graph 1 the share of gross value added by sectors in the total gross value added,
Sector "Wholesale and retail trade and repair of motor vehicles and motorcycles" has achieved 28% share
of gross value added in total gross value added. Sectors "Electricity, gas, steam and air conditioning" and
"Information and communication" with participation of 11% of gross value added in total value. Followed
by sector "Transport and storage" with a share of 9%.
Table 2 Gross output, intermediate consumption and gross value added by enterprise size class, in
housand EUR 3
Size class
Small
Medium
Large
Total
Gross output
1 551 111
817 863
912 244
3 281 218
Intermediate consumption
1 071 073
433 467
437 499
1 942 038
Gross value added
480 038
384 396
474 745
1 339 180
Gross output value of 1 551 111 thousand EUR was realized by small enterprises and is 47% of the total
value of gross output. The value of intermediate consumption realized by small enterprises is 55% of the
total value of intermediate consumption, while the value of gross value added by small enterprises is 36%
of the total gross value added.
Sector of "Wholesale and retail trade and repair of motor vehicles and motorcycles", consists from the
following divisions:
1. G45 - Wholesale and retail trade and repair of motor vehicles and motorcycles
2. G46 - Wholesale trade, except of motor vehicles and motorcycles
3. G47 - Retail trade, except of motor vehicles and motorcycles.
Gross output value was realized mostly by small enterprises in the division G45, 94%. The same case is with
divisions G46 and G47, with 58% and 55% realized by small enterprises. The value of intermediate
consumption is realized by small enterprises, 96% for division G45, 65% for division G46 and 59% for
division G47 (Figure 3).
www.project-next.eu
Graph 2 the shares of gross output, intermediate consumption and gross value added in total value of
these variables, by size class for "Wholesale and retail trade and repair of motor vehicles and
motorcycles", %
Structure of gross output by enterprise size class, grouped in sector "Industry" was presented in graph 4.
According to the classification of activities KD 2010 (Nace Rev 2) the following sectors are included in
industry:
1.
2.
3.
4.
Mining and quarrying
Manufacturing
Electricity, gas, steam and air conditioning supply
Water supply; sewerage, waste management and remediation activities.
Graph 3 the share of gross output of sectors “Industry” and “Wholesale and retail trade and repair of
motor vehicles and motorcycles" in total value of gross output of all observed sectors, by size class, %
The gross output realized by large enterprises had the biggest share of 44% achieved by the sector
"Industry". In a class of medium-sized enterprises participation of industry was 27% in the realization of
www.project-next.eu
gross value added, while in the category of small enterprises realized share was 13% (Graph 4). Sector
"Trade" is characterized by the highest share of gross value added in the total production value of all
observed sectors, achieved by small businesses, 29%.
Sector of "Trade" had a share of 52% of the total turnover realized by small enterprises. Sector of "Service"
is characterized by the participation of 28% of the turnover generated by small enterprises while the share
of the value of the turnover in the class of medium enterprises by sector "Trade" accounted for 55% of the
total turnover of this class. Concerning large enterprises, sector "Trade" had the largest share, 41% of the
total turnover of the large enterprises (graph 5).
Graph 4 shares of the turnover of the observed sectors in the total turnover, according to the class of
enterprises, in%
Table 3 Turnover by sectors "Industry", "Construction", "Trade" and "Services" to the class of
enterprises by number of employees, in thousands of EUR
Industry
Construction
Trade
Services
Small
347 837
277 648
1 635 956
879 196
Medium
297 952
185 385
962 911
295 302
Large
461 453
614 054
416 687
Purchases of goods and services include value of all goods and services purchased during an
accounting period for resale or consumption in the production process. Goods and services can be
resold with or without further processing, fully used in the production process or left as stock.
www.project-next.eu
Graph 5 the share of the costs of salaries, benefits and other employee benefits in the total amount
of observed sector, according to the class of enterprises by number of employees, in thousands. EUR
Wages, salaries and other personal expenses in sector of "Industry" have been achieved by large
companies, and 51% of the total value of these costs of the sector. Sectors "of Construction", "Trade" and
"Service" are characterized by the highest costs of salaries, benefits and other employee benefits earned by
small businesses. Sector "of Construction" had a share of 57% of salary costs generated by small businesses,
the sector "Trade" 55% of the sector "Service" 46%.
Investments
Gross fixed capital formation represent the physically achieved building of investment goods and
performed production or purchase of investment property during the year, regardless of whether and
when the payment was executed.
Table 8 shows investment by sectors in the 2013th year. At the aggregate level the highest amount of gross
investment was in sector of "Wholesale and retail trade repair of motor vehicles and motorcycles" in the
amount of 80 110 thousand EUR, while the lowest amount of investment was in the sector of "Education"
in the amount of 76 thousand EUR.
The greatest value of the investment in construction of buildings and other structures is also in the sector
"Wholesale and retail trade and repair of motor vehicles and motorcycles" and to 42 498 thousands euro.
Table 4 Gross investment in tangible goods, construction of buildings and other structures, in machinery
and equipment, in thousand EUR
Section
Title
Gross investement
in tangible goods
B
C
D
Mining and quarrying
Manufacturing
Electricity, gas, steam and air
conditioning supply
Water supply; sewerage, waste
management and remediation activities
Construction
E
F
15 389
39 642
35 047
Investements in
construction of
buildings
7 604
16 827
4 035
Investments in
machinery and
equipment
7 264
18 392
30 786
6 990
6 503
271
24 607
20 941
1 575
www.project-next.eu
G
H
I
J
L
M
N
P
Q
R
S
Wholesale and retail trade; repair of
motor vehicles and motorcycles
Transportation and storage
Accommodation and food service
activities
Information and communication
Real estate activities
Professional, scientific and technical
activities
Administrative and support service
activities
Education
Human health and social work activities
Arts, entertainment and recreation
Other service activities
80 110
42 498
14 730
46 522
20 525
3 059
18 773
669
3 583
22 740
15 434
10 928
4 113
15 423
9 512
16 886
623
2 482
275
1 119
76
814
944
1 063
158
-
32
673
621
80
The highest value of gross investment in tangible goods for small enterprises was achieved in the sector
"Wholesale and retail trade and repair of motor vehicles and motorcycles", 30 337 thousand EUR .
In a class of medium sized enterprises the largest value of gross investment in tangible goods is realized in
the sectors of "Services", 57 186 thousand EUR. This value represents a share of 44% of the total gross
investment in tangible goods generated by medium sized enterprises.
In a class of large enterprises, the highest value of gross investment in tangible goods was realized in the
sectors of "Industry" , 46 392 thousand EUR, and consists of 46% of the total value of these investments
generated by large enterprises. A significant part of of gross investment in tangible goods has been made in
the sector of "Services", 35 720 thousand EUR, and consists of 35% of the total value of these investments
generated by large enterprises.
Table 5 Gross investments in tangible goods by enterprise size class, in thousand EUR
ENTERPRISE SIZE CLASS
Group of activities
Industry
Construction
Trade
Services
Nace rev 2
A
B
Agriculture.
forestry and
fishing
Mining and
Small
14 563
20 348
30 337
28 622
Gross
output
2012,
current
prices, in
000 EUR
Gross
output
2013,
current
prices, in
000 EUR
394 423
65 900
Medium
36 113
4 259
30 977
57 186
Large
46 392
18 797
35 720
Intermed
iate
consump
tion
2013,
current
prices, in
000 EUR
169 942
Gross
value
added
2012,
current
prices, in
000 EUR
Gross
value
added
2013,
current
prices, in
000 EUR
436 828
Intermed
iate
consump
tion
2012,
current
prices, in
000 EUR
162 411
232 012
266 886
65 012
32 309
28 945
33 591
36 067
Gross
Index
Real
value
of
growth
added
nomina rate
2013,
l
previous growth
year
prices, in
000 EUR
269 419
115,0
16,1
31 339
107,4
-6,7
www.project-next.eu
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S+
T
quarrying
Manufacturing
Electricity. gas.
steam and air
conditioning
supply
Water supply;
sewerage.
waste
management
and
remediation
activities
Construction
Wholesale and
retail trade;
repair of motor
vehicles and
motorcycles
Transportation
and storage
Accommodatio
n and food
service
activities
Information
and
communication
Financial and
insurance
activities
Real estate
activities
Professional.
scientific and
technical
activities
Administrative
and support
service
activities
Public
administration
and defence;
compulsory
social security
Education
Human health
and social work
activities
Arts.
entertainment
and recreation
Other service
activities;
Activities of
households as
employers;
undifferentiate
d goods-and
services-
503 049
194 210
477 881
251 775
367 587
104 502
340 895
114 546
135 462
89 708
136 986
137 229
141 541
124 424
101,1
153,0
4,5
38,7
91 617
102 495
22 755
35 826
68 862
66 669
64 756
96,8
-6,0
516 829
747 482
502 660
810 596
371 637
361 149
366 380
422 204
145 192
386 333
136 280
38 8391
146 935
402 563
93,9
100,5
1,2
4,2
309 858
326 614
179 571
200 876
130 287
125 738
136 338
96,5
4,6
387 439
419 865
176 928
202 193
210 511
217 672
216 089
103,4
2,6
292 656
284 792
138 068
136 440
154 588
148 352
147 344
96,0
-4,7
192 900
182 690
63 819
44 292
129 081
138 399
115 509
107,2
-10,5
294 311
311 895
68 038
84 740
226 273
227 155
229 418
100,4
1,4
232 145
232 242
142 287
155 252
89 858
76 990
92 523
85,7
3,0
102 728
128 380
73 376
91 017
29 352
37 363
33 595
127,3
14,5
381 523
360 570
135 217
114 029
246 306
246 541
250 001
100,1
1,5
156 046
195 573
153 869
201 395
13 192
71 196
15 044
72 520
142 854
124 377
138 824
128 876
144 839
125 882
97,2
103,6
1,4
1,2
105 717
93 451
66 883
48 229
38 834
45 221
40 296
116,4
3,8
41 783
48 169
19 650
24 013
22 133
24 156
23 065
109,1
4,2
www.project-next.eu
U
producing
activities of
households for
own use
Activities of
extraterritorial
organisations
and bodies
Total
...
…
...
…
...
…
5 206
189
5 391
179
2 570
575
2 667
383
2 635
614
513 243
2 723
795
603 281
3 148
857
3 327
077
Taxes on
products less
subsidies on
products
GROSS
DOMESTIC
PRODUCT
(current prices)
…
…
2 735 876
103,3
3,8
518 075
117,5
0,9
3 253 951
105,7
3,3
Source: MONSTAT, Statistical Office of Montenegro
Expenditure
categories
1= (1.1+1.2)
1.1
1.2= (a+b)
a)
b)
2
3
4= (4.1-4.2)
4.1= (a+b)
a)
b)
4.2= (a+b)
a)
b)
5=
(1+2+3+4)
Final consumption
expenditure
Household final
consumption
expenditure
Government
consumption
individual
collective
Gross fixed capital
formation
Changes in
inventories
Net export /
import
Exports of goods
and services
Export of goods
Export of services
Import of goods
and services
Import of goods
Import of services
GROSS DOMESTIC
PRODUCT
2012, current
prices, in 000
EUR
3 311 077
2013, current
prices, in 000
EUR
3 372 193
2012,
share in
GDP
105,2
2013,
share in
GDP
101,4
2012, previous
year prices, in
000 EUR
3 297 828
2013, previous
year prices, in
000 EUR
3 349 469
2 631 969
2 712 002
83,6
81,5
2 581 088
2 661 099
679 108
660 191
21,6
19,8
716 740
688 370
308 328
370 780
583 824
309 924
350 267
638 656
9,8
11,8
18,5
9,3
10,5
19,2
312 731
404 009
576 946
312 028
376 342
635 483
30 907
-8 378
1,0
-0,3
30 435
-3 300
-776 951
-675 394
-24,7
-20,3
-753 482
-727 701
1 389 430
1 390 130
44,1
41,8
1 365 831
1 371 345
391 861
997 569
2 166 381
395 712
994 418
2 065 524
12,4
31,7
68,8
11,9
29,9
62,1
403 855
961 976
2 119 313
396 426
974 920
2 099 046
1 781 065
385 316
3 148 857
1 724 335
341 189
3 327 077
56,6
12,2
100,0
51,8
10,3
100,0
1 757 514
361 799
3 151 727
1 762 403
336 643
3 253 951
Source: MONSTAT, Statistical Office of Montenegro