The large presence of government and service sectors spared the economy of Podgorica from prolonged stagnation in the late 2000s recession, which hit Montenegro hard. Although in mid-2014, some 30% of Montenegro's citizens lived in Podgorica, the municipality accounted for 44% of the country's employed. Out of the entire mass of paid net salaries in Montenegro in that year, some 47% was paid in Podgorica. The average monthly net salary in May 2014 was €509 in Podgorica municipality.