Montenegro Consolidated Fiscal Balance

2012 - 2025 | Monthly | USD mn | CEIC Data

Key information about Montenegro Consolidated Fiscal Balance

  • Montenegro Consolidated Fiscal Balance recorded a deficit equal to 68.106 USD mn in Nov 2025, compared with a deficit equal to 36.638 USD mn in the previous month.
  • Montenegro Consolidated Fiscal Balance data is updated monthly, available from Jan 2012 to Nov 2025, with an average ratio of -80.838 USD mn.
  • The data reached an all-time high of 83.170 USD mn in Aug 2016 and a record low of -258.561 USD mn in Dec 2024.

CEIC converts monthly Consolidated Fiscal Balance into USD. The Ministry of Finance and Social Welfare provides Consolidated Fiscal Balance in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.

View Montenegro's Consolidated Fiscal Balance from Jan 2012 to Nov 2025 in the chart:

Montenegro Consolidated Fiscal Balance

What was Montenegro's Consolidated Fiscal Balance in Nov 2025?

Montenegro Consolidated Fiscal Balance recorded a deficit equal to 68.106 USD mn in Nov 2025, compared with a deficit equal to 36.638 USD mn in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-68.106 Nov 2025 -36.638 Oct 2025 -258.561 Dec 2024 83.170 Aug 2016 USD mn monthly Jan 2012 - Nov 2025

Consolidated Fiscal Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 591.214 Oct 2025 monthly Dec 1997 - Oct 2025
Algeria (USD mn) -5,868.518 2022 yearly 1997 - 2022
Argentina (USD mn) 419.674 Nov 2025 monthly Jan 1993 - Nov 2025
Armenia (USD mn) -391.457 Oct 2025 monthly Jan 2008 - Oct 2025
Australia (USD mn) -11,179.706 Jun 2025 quarterly Sep 2002 - Jun 2025
Austria (USD mn) -4,578.917 Sep 2025 quarterly Mar 2001 - Sep 2025
Azerbaijan (USD mn) 2,477.000 Nov 2025 monthly Dec 2004 - Nov 2025
Bahrain (USD mn) -2,201.763 2023 yearly 1990 - 2023
Bangladesh (USD mn) 154.969 Jul 2025 monthly Jul 2008 - Jul 2025
Belarus (USD mn) 404.854 Sep 2021 quarterly Dec 2005 - Sep 2021
Belgium (USD mn) -30,012.565 2024 yearly 1970 - 2024
Bolivia (USD mn) -5,230.120 2024 yearly 1990 - 2024
Bosnia and Herzegovina (%) 1.770 Sep 2025 quarterly Dec 2008 - Sep 2025
Botswana (USD mn) -48.449 Aug 2025 monthly Apr 2007 - Aug 2025
Brazil (USD mn) -17,885.263 Nov 2025 monthly Jan 1997 - Nov 2025
Brunei (USD mn) -2,030.104 2024 yearly 2000 - 2024
Bulgaria (%) -4.272 Sep 2025 quarterly Sep 2003 - Sep 2025
Cambodia (USD mn) -52.271 Jul 2024 monthly Jan 2007 - Jul 2024
Canada (USD mn) -3,630.909 Sep 2025 monthly May 1992 - Sep 2025
Chile (USD mn) -9,295.767 2024 yearly 1990 - 2024
China (USD mn) -122,233.323 Nov 2025 monthly Jan 1995 - Nov 2025
Colombia (USD mn) -3,989.807 Jun 2025 quarterly Mar 1995 - Jun 2025
Croatia (USD mn) -963.223 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (USD mn) 58.137 Nov 2025 monthly Jan 2014 - Nov 2025
Czech Republic (USD mn) -1,212.622 Sep 2025 quarterly Mar 1999 - Sep 2025
Denmark (USD mn) 4,386.136 Jun 2025 quarterly Mar 1999 - Jun 2025
Ecuador (USD mn) -1,075.447 Sep 2025 quarterly Mar 2000 - Sep 2025
Egypt (USD mn) -15,919.810 Nov 2025 monthly Jan 2005 - Nov 2025
Estonia (USD mn) 5.960 Sep 2025 quarterly Mar 1999 - Sep 2025
European Union (USD mn) -612,086.345 2024 yearly 1999 - 2024
Finland (USD mn) -1,195.774 Jun 2025 quarterly Mar 1999 - Jun 2025
France (USD mn) -47,111.411 Sep 2025 quarterly Mar 1957 - Sep 2025
Georgia (USD mn) 91.999 Nov 2025 monthly Jan 2006 - Nov 2025
Germany (USD mn) -46,923.274 Sep 2025 quarterly Mar 1991 - Sep 2025
Ghana (USD mn) -386.239 Jul 2025 monthly Jan 2008 - Jul 2025
Greece (USD mn) 2,257.676 Jun 2025 quarterly Mar 1999 - Jun 2025
Hong Kong SAR, China (USD mn) 5,971.882 Oct 2025 monthly Oct 1998 - Oct 2025
Hungary (USD mn) 1,345.964 Jun 2025 quarterly Mar 1999 - Jun 2025
Iceland (USD mn) -121.031 Sep 2025 quarterly Mar 2002 - Sep 2025
India (USD mn) 17,055.324 Nov 2025 monthly Apr 1997 - Nov 2025
Indonesia (USD mn) -8,071.951 Dec 2025 monthly Jan 2014 - Dec 2025
Iran (USD mn) -13,054.476 Mar 2021 quarterly Jun 2005 - Mar 2021
Ireland (USD mn) 2,280.366 Jun 2025 quarterly Mar 2000 - Jun 2025
Israel (USD mn) -4,663.811 Oct 2025 monthly Jan 1999 - Oct 2025
Italy (USD mn) -47,273.468 Mar 2025 quarterly Mar 1999 - Mar 2025
Ivory Coast (USD mn) -3,452.972 2024 yearly 1960 - 2024
Japan (USD mn) -286,722.348 2024 yearly 1995 - 2024
Jordan (USD mn) 418.759 2018 yearly 1999 - 2018
Kazakhstan (USD mn) -1,832.183 Oct 2025 monthly Nov 2007 - Oct 2025
Kenya (%) -6.600 Sep 2025 quarterly Dec 2009 - Sep 2025
South Korea (USD mn) -7,001.194 Sep 2025 monthly Jul 1999 - Sep 2025
Kosovo (USD mn) 49.040 Oct 2023 monthly Jan 2006 - Oct 2023
Kuwait (USD mn) -3,440.015 2024 yearly 1988 - 2024
Kyrgyzstan (USD mn) 20.776 Nov 2025 monthly Jan 2007 - Nov 2025
Laos (USD mn) 375.970 2024 yearly 2010 - 2024
Latvia (USD mn) 282.710 Jun 2025 quarterly Mar 1999 - Jun 2025
Lebanon (USD mn) 405.307 Dec 2021 monthly Jan 1998 - Dec 2021
Lithuania (USD mn) 44.359 Jun 2025 quarterly Mar 1999 - Jun 2025
Luxembourg (%) 0.888 2024 yearly 1995 - 2024
Macau SAR, China (%) 7.879 Jun 2025 quarterly Dec 2003 - Jun 2025
North Macedonia (USD mn) -764.028 2024 yearly 2009 - 2024
Malawi (USD mn) -6.171 Oct 2025 monthly Oct 2005 - Oct 2025
Malaysia (USD mn) -27,060.208 2024 yearly 1970 - 2024
Malta (USD mn) -193.356 Jun 2025 quarterly Mar 1999 - Jun 2025
Mauritius (%) -8.795 Sep 2025 quarterly Dec 2010 - Sep 2025
Mexico (USD mn) -10,886.490 Nov 2025 monthly Jan 1977 - Nov 2025
Moldova (USD mn) -709.547 2024 yearly 1998 - 2024
Mongolia (USD mn) 1,439.826 Nov 2025 monthly Jan 2000 - Nov 2025
Montenegro (USD mn) -68.106 Nov 2025 monthly Jan 2012 - Nov 2025
Morocco (USD mn) -6,040.372 Oct 2025 monthly Jan 2000 - Oct 2025
Mozambique (USD mn) 388.757 Dec 2016 quarterly Mar 2002 - Dec 2016
Myanmar (USD mn) -5,489.382 2021 yearly 1980 - 2021
Nepal (USD mn) -1,365.374 Jun 2025 quarterly Mar 2017 - Jun 2025
Netherlands (USD mn) -6,772.937 Sep 2025 quarterly Mar 1999 - Sep 2025
New Zealand (USD mn) 5,756.479 Sep 2025 quarterly Mar 1999 - Sep 2025
Nigeria (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
Norway (USD mn) 16,884.009 Jun 2025 quarterly Mar 2002 - Jun 2025
Oman (USD mn) -5.202 Oct 2025 monthly Jun 2003 - Oct 2025
Pakistan (USD mn) -22,771.776 2024 yearly 1991 - 2024
Palestinian Territory (USD mn) 192.600 2024 yearly 2010 - 2024
Panama (USD mn) -6,416.100 2024 yearly 2003 - 2024
Paraguay (USD mn) -350.611 Dec 2025 monthly Jan 2003 - Dec 2025
Peru (USD mn) -3,777.337 Sep 2025 quarterly Mar 1990 - Sep 2025
Philippines (USD mn) -2,674.510 Nov 2025 monthly Jan 1985 - Nov 2025
Poland (USD mn) -59,417.037 2024 yearly 1995 - 2024
Portugal (USD mn) 3,449.979 Sep 2025 quarterly Mar 1995 - Sep 2025
Qatar (USD mn) -393.407 Sep 2025 quarterly Mar 2011 - Sep 2025
Romania (%) -8.552 Sep 2025 quarterly Dec 2004 - Sep 2025
Russia (USD mn) -5,525.734 Oct 2025 monthly Jan 1993 - Oct 2025
Saudi Arabia (USD mn) -65,333.333 2025 yearly 1969 - 2025
Serbia (USD mn) 6.775 Nov 2025 monthly Jan 2005 - Nov 2025
Singapore (USD mn) 5,310.739 Nov 2025 monthly Apr 2011 - Nov 2025
Slovakia (USD mn) 312.189 Dec 2025 monthly Jan 2005 - Dec 2025
Slovenia (USD mn) -59.281 Oct 2025 monthly Jan 2000 - Oct 2025
South Africa (USD mn) -869.823 Nov 2025 monthly Jan 1990 - Nov 2025
Spain (USD mn) 18,617.397 Sep 2025 quarterly Mar 1995 - Sep 2025
Sri Lanka (%) -4.738 Sep 2025 quarterly Dec 2014 - Sep 2025
Sudan (USD mn) -196.813 2021 yearly 2001 - 2021
Sweden (USD mn) -9,465.294 2024 yearly 1995 - 2024
Switzerland (USD mn) 4,838.441 2025 yearly 1990 - 2025

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.1 Sep 2025 quarterly Dec 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) -68.106 Nov 2025 monthly Jan 2012 - Nov 2025
Tax Revenue (USD mn) 178.971 Nov 2025 monthly Jan 2012 - Nov 2025
Tax Revenue: % of GDP (%) 24.2 Sep 2025 quarterly Mar 2012 - Sep 2025
National Government Debt (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
Government Debt: % of GDP (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (EUR bn) 4.812 2030 yearly 2002 - 2030
Forecast: Government Net Debt (EUR bn) 6.956 2030 yearly 2002 - 2030
Forecast: Government Revenue (EUR bn) 4.350 2030 yearly 2002 - 2030
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 107,592,791.440 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,400,492.250 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Expenditure: Consolidated (EUR) 255,753,528.550 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -58,925,142.570 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Revenue: Cons: Taxes (EUR) 154,846,007.130 Nov 2025 monthly Jan 2012 - Nov 2025
General Government Revenue: Consolidated (EUR) 196,828,385.980 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Expenditure: Cons: ow Current (EUR) 229,912,079.780 Nov 2025 monthly Jan 2012 - Nov 2025
Gross General Government Debt (EUR mn) 4,705.330 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt: Domestic (EUR mn) 287.630 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government External Debt (EUR mn) 4,417.700 Sep 2025 monthly Dec 2010 - Sep 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -319.9 Nov 2025 monthly Jan 2005 - Nov 2025
Total Exports (USD mn) 57.1 Nov 2025 monthly Jan 2005 - Nov 2025
Total Exports Growth (%) -26.2 Nov 2025 monthly Jan 2006 - Nov 2025
Aluminum: Exports (USD th) 41,867.902 2024 yearly 2008 - 2024
Exports: Medicament (USD th) 41,859.324 2024 yearly 2008 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 95.438 2024 yearly 2008 - 2024
Total Imports (USD mn) 377.0 Nov 2025 monthly Jan 2005 - Nov 2025
Total Imports Growth (%) 9.9 Oct 2025 monthly Jan 2006 - Oct 2025
Imports: Medicament (USD th) 161,040.012 2024 yearly 2008 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 69,267.944 2024 yearly 2008 - 2024
Total Exports to USA (USD mn) 0.352 Nov 2025 monthly Jan 2010 - Nov 2025
Total Imports from USA (USD mn) 2.451 Nov 2025 monthly Jan 2006 - Nov 2025
Total Exports to China (USD mn) 0.137 Oct 2025 monthly Jan 2010 - Oct 2025
Total Imports from China (USD mn) 44.620 Nov 2025 monthly Jan 2006 - Nov 2025
Exports: Europe: CEFTA: Serbia (EUR th) 12,021.888 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Europe: EU-28: Slovenia (EUR th) 2,648.187 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Machinery & Transport Equipment (EUR th) 12,907.394 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Manufactured Goods (EUR th) 3,759.756 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Crude Materials: excl Fuels (EUR th) 6,843.589 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,719.045 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Food & Live Animals (EUR th) 5,548.692 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Europe: EU-28: Greece (EUR th) 10,492.429 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Europe: CEFTA: Serbia (EUR th) 55,429.224 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Machinery & Transport Equipment (EUR th) 82,387.227 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Manufactured Goods (EUR th) 52,393.677 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Food & Live Animals (EUR th) 60,242.405 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Miscellaneous Manufactured Goods (EUR th) 40,228.765 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 44,482.675 Oct 2025 monthly Mar 2009 - Oct 2025
Exports (EUR th) 49,375.324 Nov 2025 monthly Jan 2005 - Nov 2025
Imports (EUR th) 326,191.124 Nov 2025 monthly Jan 2005 - Nov 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 16.5 Sep 2025 quarterly Mar 2005 - Sep 2025
Current Account Balance (USD mn) 69.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance: % of GDP (%) 2.3 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Direct Investment (USD mn) 169.4 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Direct Investment: % of GDP (%) 5.6 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) -23.088 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) -0.8 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 113.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 29.585 Jun 2025 quarterly Mar 2007 - Jun 2025
External Debt (USD mn) 8,741.3 2024 yearly 2006 - 2024
External Debt: % of GDP (%) 105.7 2024 yearly 2006 - 2024
External Debt: Short Term (USD mn) 235.2 2024 yearly 2007 - 2024
External Debt: Short Term: % of GDP (%) 2.8 2024 yearly 2007 - 2024
Forecast: Current Account Balance (USD bn) -1.406 2030 yearly 2001 - 2030
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Import (EUR th) 645,611.036 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 112,506,571.770 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 65,139,405.970 2023 yearly 2001 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 28.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Non-Performing Loans (USD mn) 205.823 Jun 2024 monthly Dec 2010 - Jun 2024
M2 Growth (%) 9.9 2024 yearly 2003 - 2024
Reserve Requirement Ratio (%) 5.5 Nov 2025 monthly Jan 2002 - Nov 2025
Foreign Exchange Reserves (USD mn) 1,642.7 Nov 2025 monthly Dec 2002 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 19.347 Sep 2025 quarterly Dec 2006 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 4.4 Nov 2025 monthly Jan 2005 - Nov 2025
Gold Reserves (USD mn) 0.000 Nov 2025 monthly Dec 2002 - Nov 2025
Total Deposits (USD mn) 7,013.068 Oct 2025 monthly Jan 2003 - Oct 2025
Total Deposits Growth (%) 4.9 Nov 2025 monthly Jan 2004 - Nov 2025
Domestic Credit (USD mn) 4,697.7 Oct 2025 monthly Jan 2005 - Oct 2025
Domestic Credit Growth (%) 18.6 Nov 2025 monthly Jan 2006 - Nov 2025
Household Debt (USD mn) 2,728.3 Nov 2025 monthly Dec 2004 - Nov 2025
Total Loans (USD mn) 6,207.035 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans Growth (%) 15.22 Nov 2025 monthly Jan 2004 - Nov 2025
Private Debt: % of Nominal GDP (%) 49.09 Sep 2025 quarterly Mar 2007 - Sep 2025
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

More Indicators for Montenegro

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data