Economy, jobs and prices in Budva, Montenegro: official figures
An average of 24,514 people worked in Budva in 2024, about 887 jobs per 1,000 residents, the highest of 21 municipalities (Montenegro: 413).
What is the unemployment rate in Budva?
At the 2023 census 951 of the 14,086 economically active residents of Budva aged 15 and over were unemployed, a rate of 6.8%, 2nd lowest of 21 (Montenegro: 13.3%).
Source: Statistical Office of Montenegro (MONSTAT) · saved copyWhat is the employment rate in Budva?
60.7% of residents of Budva aged 15 and over were in work at the 2023 census, compared with 48.5% across Montenegro; 3,760 were pensioners or living on property income.
Source: Statistical Office of Montenegro (MONSTAT) · saved copyHow many tourists visit Budva?
Tourist accommodation in Budva recorded 5,412,910 overnight stays by 848,515 guests in 2024, 97.4% of the nights by foreign visitors.
Source: Statistical Office of Montenegro (MONSTAT) · saved copyHow important is tourism in Budva?
With 195.8 tourist nights per resident in 2024, Budva ranked the highest of 21 municipalities and took 34.7% of all nights in Montenegro, down 3.1% on 2023.
Source: Statistical Office of Montenegro (MONSTAT) · saved copyHow Budva compares with other first-level divisions
People in employment (by place of work) per 1,000 residents (2024)
Budva ranks 1 of 21, highest first.
| Rank | Region | People in employment (by place of work) per 1,000 residents |
|---|---|---|
| 1 | Budva | 887 |
| 2 | Podgorica | 620 |
| 3 | Tivat | 514 |
| 4 | Herceg Novi | 445 |
| 5 | Kotor | 395 |
| 6 | Bar | 380 |
| 7 | Ulcinj | 319 |
Unemployment rate at the 2023 census (% of the economically active aged 15+) (2023)
Budva ranks 20 of 21, highest first.
| Rank | Region | Unemployment rate at the 2023 census (% of the economically active aged 15+) |
|---|---|---|
| 15 | Danilovgrad | 10.0% |
| 16 | Podgorica | 9.3% |
| 17 | Savnik | 7.9% |
| 18 | Herceg Novi | 7.9% |
| 19 | Kotor | 7.2% |
| 20 | Budva | 6.8% |
| 21 | Tivat | 6.4% |
Tourist overnight stays per resident (2024)
Budva ranks 1 of 21, highest first.
| Rank | Region | Tourist overnight stays per resident |
|---|---|---|
| 1 | Budva | 195.8 |
| 2 | Herceg Novi | 93.0 |
| 3 | Tivat | 80.3 |
| 4 | Ulcinj | 76.7 |
| 5 | Kotor | 60.1 |
| 6 | Bar | 45.6 |
| 7 | Zabljak | 41.4 |
More on Budva: overview · health · education and schools · poverty and living standards · government budget · government and politics · Montenegro
Sources
- Statistical Office of Montenegro (MONSTAT): Census 2023, table 3: population aged 15 and over by economic activity and municipality, read 24 October 2026 · saved copy (SHA-256 a84e85ea027e…)
- Statistical Office of Montenegro (MONSTAT): Statistical Yearbook 2025, chapter 28: Review by municipalities, read 24 October 2026 · saved copy (SHA-256 93f5a70616aa…)
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