Montenegro Consolidated Fiscal Balance: % of GDP

2012 - 2020 | Quarterly | % | CEIC Data

Montenegro Consolidated Fiscal Balance recorded a deficit equal to 11.6 % of its Nominal GDP in Sep 2020, compared with a deficit equal to 7.6 % in the previous quarter. Montenegro Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2012 to Sep 2020, with an average ratio of -4.5 %. The data reached an all-time high of -1.7 % in Sep 2016 and a record low of -11.6 % in Sep 2020. CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance provides Consolidated Fiscal Balance in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.

In the latest reports, Montenegro National Government Debt reached 4.3 USD bn in Sep 2020. Montenegro Nominal GDP reached 991.4 USD mn in Jun 2020.

View Montenegro's Consolidated Fiscal Balance: % of GDP from Dec 2012 to Sep 2020 in the chart:

Montenegro Consolidated Fiscal Balance: % of GDP

What was Montenegro's Consolidated Fiscal Balance: % of GDP in Sep 2020?

Last Previous Min Max Unit Frequency Range
-11.6 Sep 2020 -7.6 Jun 2020 -11.6 Sep 2020 -1.7 Sep 2016 % quarterly Dec 2012 - Sep 2020

Consolidated Fiscal Balance: % of GDP by Country Comparison

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Includes Consolidated Fiscal Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -1.9 2019 yearly 1997 - 2019
Algeria (%) -8.8 2017 yearly 1994 - 2017
Argentina (%) -8.3 Sep 2020 quarterly Dec 2004 - Sep 2020
Armenia (%) -4.8 Sep 2020 quarterly Dec 2002 - Sep 2020
Australia (%) -11.5 Sep 2020 quarterly Jun 2003 - Sep 2020
Austria (%) -5.5 Sep 2020 quarterly Dec 2001 - Sep 2020
Azerbaijan (%) 17.4 Jan 2021 monthly Dec 2004 - Jan 2021
Bahrain (%) -5.0 2014 yearly 1998 - 2014
Bangladesh (%) -5.4 2020 yearly 2006 - 2020
Belarus (%) -1.7 Sep 2020 quarterly Sep 2006 - Sep 2020
Belgium (%) -1.9 2019 yearly 1970 - 2019
Bolivia (%) -6.0 2018 yearly 1990 - 2018
Bosnia and Herzegovina (%) -1.7 Sep 2020 quarterly Dec 2008 - Sep 2020
Botswana (%) -9.8 Sep 2020 quarterly Mar 2004 - Sep 2020
Brazil (%) -13.9 Dec 2020 quarterly Dec 1997 - Dec 2020
Brunei (%) -5.0 2019 yearly 2010 - 2019
Bulgaria (%) -1.3 Sep 2020 quarterly Sep 2003 - Sep 2020
Cambodia (%) 2.3 2019 yearly 2007 - 2019
Canada (%) -9.7 Sep 2020 quarterly Jun 1993 - Sep 2020
Chile (%) -2.7 2019 yearly 1990 - 2019
China (%) -6.5 Dec 2020 quarterly Dec 1995 - Dec 2020
Colombia (%) -4.1 Jun 2020 quarterly Dec 2000 - Jun 2020
Croatia (%) 0.4 2019 yearly 2002 - 2019
Cyprus (%) -4.3 Sep 2020 quarterly Dec 1995 - Sep 2020
Czech Republic (%) -3.9 Sep 2020 quarterly Dec 1999 - Sep 2020
Denmark (%) -0.6 Sep 2020 quarterly Dec 1999 - Sep 2020
Ecuador (%) -5.2 Sep 2020 quarterly Dec 2000 - Sep 2020
Estonia (%) -3.5 Sep 2020 quarterly Dec 2000 - Sep 2020
European Union (%) -0.5 2019 yearly 1995 - 2019
Finland (%) -4.5 Sep 2020 quarterly Dec 1999 - Sep 2020
France (%) -6.2 Sep 2020 quarterly Dec 1949 - Sep 2020
Georgia (%) -7.6 Sep 2020 quarterly Dec 2006 - Sep 2020
Germany (%) -2.9 Sep 2020 quarterly Dec 1991 - Sep 2020
Ghana (%) -7.1 Jun 2020 quarterly Dec 2008 - Jun 2020
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -7.1 Sep 2020 quarterly Sep 1999 - Sep 2020
Hungary (%) -5.1 Sep 2020 quarterly Dec 1999 - Sep 2020
Iceland (%) -2.4 Sep 2020 quarterly Mar 2004 - Sep 2020
India (%) -6.3 Sep 2020 quarterly Mar 2005 - Sep 2020
Indonesia (%) -5.0 Sep 2020 quarterly Dec 2014 - Sep 2020
Iran (%) -5.4 Sep 2018 quarterly Mar 2006 - Sep 2018
Ireland (%) -3.6 Sep 2020 quarterly Dec 2000 - Sep 2020
Israel (%) -8.8 Sep 2020 quarterly Dec 1999 - Sep 2020
Italy (%) -6.5 Sep 2020 quarterly Dec 1999 - Sep 2020
Ivory Coast (%) -3.0 2018 yearly 1960 - 2018
Japan (%) -5.8 2021 yearly 1996 - 2021
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -5.2 Sep 2020 quarterly Dec 2008 - Sep 2020
Kenya (%) -6.3 Sep 2020 quarterly Dec 2009 - Sep 2020
South Korea (%) -3.4 Sep 2020 quarterly Jun 2000 - Sep 2020
Kosovo (%) -6.2 Sep 2020 quarterly Dec 2010 - Sep 2020
Kuwait (%) -8.6 2017 yearly 1988 - 2017
Kyrgyzstan (%) -3.2 Nov 2020 monthly Jan 2007 - Nov 2020
Laos (%) -3.2 2019 yearly 2012 - 2019
Latvia (%) -3.4 Sep 2020 quarterly Dec 1999 - Sep 2020
Lebanon (%) -10.9 2019 yearly 1992 - 2019
Lithuania (%) -4.3 Sep 2020 quarterly Dec 1999 - Sep 2020
Luxembourg (%) -3.6 Sep 2020 quarterly Dec 2009 - Sep 2020
Macau SAR, China (%) -8.7 Sep 2020 quarterly Dec 2003 - Sep 2020
North Macedonia (%) -2.2 2019 yearly 1993 - 2019
Malawi (%) -5.2 Oct 2020 monthly Apr 2005 - Oct 2020
Malaysia (%) -3.6 2019 yearly 1970 - 2019
Malta (%) -8.0 Sep 2020 quarterly Dec 2000 - Sep 2020
Mauritius (%) -8.0 Jun 2020 quarterly Dec 2010 - Jun 2020
Mexico (%) -2.3 Sep 2020 quarterly Dec 1980 - Sep 2020
Moldova (%) -1.4 2019 yearly 1998 - 2019
Mongolia (%) -10.6 Sep 2020 quarterly Dec 2000 - Sep 2020
Montenegro (%) -11.6 Sep 2020 quarterly Dec 2012 - Sep 2020
Morocco (%) -5.6 2019 yearly 1980 - 2019
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -2.6 2018 yearly 1986 - 2018
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -3.1 Sep 2020 quarterly Dec 1999 - Sep 2020
New Zealand (%) -0.6 Sep 2020 quarterly Dec 2001 - Sep 2020
Nigeria (%) -3.5 Sep 2020 quarterly Dec 2010 - Sep 2020
Norway (%) -1.3 Sep 2020 quarterly Dec 2002 - Sep 2020
Oman (%) -10.4 Jun 2020 quarterly Dec 2005 - Jun 2020
Pakistan (%) -9.1 2019 yearly 2000 - 2019
Palestinian Territory (%) -2.2 2019 yearly 2010 - 2019
Panama (%) -3.1 2019 yearly 2003 - 2019
Paraguay (%) -2.0 Sep 2020 quarterly Dec 2003 - Sep 2020
Peru (%) -5.6 Sep 2020 quarterly Dec 1990 - Sep 2020
Philippines (%) -6.8 Sep 2020 quarterly Dec 1985 - Sep 2020
Poland (%) -0.7 2019 yearly 1995 - 2019
Portugal (%) -4.0 Sep 2020 quarterly Dec 1999 - Sep 2020
Qatar (%) -1.0 Jun 2020 quarterly Mar 2011 - Jun 2020
Romania (%) -8.5 Sep 2020 quarterly Dec 2004 - Sep 2020
Russia (%) -3.5 Sep 2020 quarterly Dec 1993 - Sep 2020
Saudi Arabia (%) -4.5 2019 yearly 1969 - 2019
Serbia (%) -7.5 Sep 2020 quarterly Dec 2005 - Sep 2020
Singapore (%) -5.7 Sep 2020 quarterly Mar 2012 - Sep 2020
Slovakia (%) -1.4 2019 yearly 1995 - 2019
Slovenia (%) -4.9 Sep 2020 quarterly Dec 2000 - Sep 2020
South Africa (%) -10.6 Sep 2020 quarterly Dec 1990 - Sep 2020
Spain (%) -8.1 Sep 2020 quarterly Dec 1995 - Sep 2020
Sri Lanka (%) -9.6 Sep 2020 quarterly Dec 2014 - Sep 2020
Sudan (%) -2.4 2019 yearly 2001 - 2019
Sweden (%) 0.5 2019 yearly 1995 - 2019
Switzerland (%) 1.4 2019 yearly 1990 - 2019
Syria (%) -2.2 2010 yearly 1998 - 2010

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Montenegro Key Series

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Includes 237 key indicators for Montenegro, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -11.6 Sep 2020 quarterly Dec 2012 - Sep 2020
Consolidated Fiscal Balance (USD mn) -27.483 Dec 2020 monthly Jan 2012 - Dec 2020
Tax Revenue (USD mn) 107.508 Dec 2020 monthly Jan 2012 - Dec 2020
Tax Revenue: % of GDP (%) 19.9 Sep 2020 quarterly Mar 2012 - Sep 2020
National Government Debt (USD mn) 4,291.0 Sep 2020 monthly Dec 2010 - Sep 2020
Government Debt: % of GDP (%) 85.4 Sep 2020 quarterly Dec 2010 - Sep 2020
Forecast: Government Expenditure (EUR bn) 2.454 2025 yearly 2002 - 2025
Forecast: Government Net Debt (EUR bn) 4.499 2025 yearly 2002 - 2025
Forecast: Government Revenue (EUR bn) 2.367 2025 yearly 2002 - 2025
General Government Revenue: Consolidated (EUR) 182,722,164.940 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Revenue: Cons: Taxes (EUR) 88,352,824.490 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Expenditure: Consolidated (EUR) 205,308,165.970 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Expenditure: Cons: ow Current (EUR) 178,466,070.640 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 47,614,560.320 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Revenue: Cons: Taxes: Excises (EUR) 18,798,010.520 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -22,586,001.030 Dec 2020 monthly Jan 2012 - Dec 2020
Gross General Government Debt (EUR mn) 3,660.310 Sep 2020 monthly Dec 2010 - Sep 2020
Gross General Government Debt: Domestic (EUR mn) 570.500 Sep 2020 monthly Dec 2010 - Sep 2020
Gross General Government External Debt (EUR mn) 3,089.810 Sep 2020 monthly Dec 2010 - Sep 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.672 2025 yearly 2003 - 2025
Trade Balance (USD mn) -168.8 Dec 2020 monthly Jan 2005 - Dec 2020
Total Exports (USD mn) 50.6 Dec 2020 monthly Jan 2005 - Dec 2020
Total Exports Growth (%) -1.0 Dec 2020 monthly Jan 2006 - Dec 2020
Aluminum: Exports (USD th) 95,025.924 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 23,555.099 2019 yearly 2008 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 92.622 2019 yearly 2008 - 2019
Total Imports (USD mn) 219.4 Dec 2020 monthly Jan 2005 - Dec 2020
Total Imports Growth (%) -16.9 Dec 2020 monthly Jan 2006 - Dec 2020
Imports: Medicament (USD th) 72,478.965 2019 yearly 2008 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 25,841.048 2019 yearly 2008 - 2019
Total Exports to USA (USD mn) 0.558 Dec 2020 monthly Jan 2010 - Dec 2020
Total Imports from USA (USD mn) 5.556 Oct 2020 monthly Jan 2006 - Oct 2020
Total Exports to China (USD mn) 3.043 Dec 2020 monthly Jan 2010 - Dec 2020
Total Imports from China (USD mn) 23.430 Dec 2020 monthly Jan 2006 - Dec 2020
Exports (EUR th) 41,608.958 Dec 2020 monthly Jan 2005 - Dec 2020
Imports (EUR th) 180,313.641 Dec 2020 monthly Jan 2005 - Dec 2020
Exports: Food & Live Animals (EUR th) 2,580.909 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Crude Materials: excl Fuels (EUR th) 7,807.595 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 8,792.466 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Manufactured Goods (EUR th) 7,168.178 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Machinery & Transport Equipment (EUR th) 4,327.134 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Europe: EU-28: Slovenia (EUR th) 3,500.905 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Europe: CEFTA: Serbia (EUR th) 12,372.468 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Miscellaneous Manufactured Goods (EUR th) 21,721.369 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Food & Live Animals (EUR th) 35,796.531 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 13,649.997 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Manufactured Goods (EUR th) 30,177.988 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Machinery & Transport Equipment (EUR th) 43,764.960 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Europe: EU-28: Greece (EUR th) 7,479.086 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Europe: CEFTA: Serbia (EUR th) 36,637.709 Dec 2020 monthly Mar 2009 - Dec 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 7.6 Dec 2020 quarterly Mar 2005 - Dec 2020
Current Account Balance (USD mn) -271.0 Dec 2020 quarterly Mar 2004 - Dec 2020
Current Account Balance: % of GDP (%) -17.9 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Direct Investment (USD mn) 153.1 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Direct Investment: % of GDP (%) 6.6 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 48.2 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Portfolio Investment (USD mn) 820.470 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Portfolio Investment: % of GDP (%) -1.3 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 45.833 Sep 2020 quarterly Mar 2007 - Sep 2020
External Debt (USD mn) 8,339.4 2019 yearly 2006 - 2019
External Debt: % of GDP (%) 150.5 2019 yearly 2006 - 2019
External Debt: Short Term (USD mn) 277.2 2019 yearly 2007 - 2019
External Debt: Short Term: % of GDP (%) 5.0 2019 yearly 2007 - 2019
Forecast: Current Account Balance (USD bn) -0.636 2025 yearly 2001 - 2025
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Export (EUR th) 120,372.138 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: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
Foreign Direct Investment: Flow: Slovenia (EUR) 9,930,593.940 2020 yearly 2001 - 2020
Foreign Direct Investment: Flow: Switzerland (EUR) 63,220,823.800 2020 yearly 2001 - 2020
Foreign Direct Investment: Flow: Italy (EUR) 45,311,055.580 2020 yearly 2001 - 2020
Foreign Direct Investment: Flow: Russian Federation (EUR) 98,964,516.900 2020 yearly 2001 - 2020
Foreign Direct Investment: Flow: Serbia (EUR) 27,876,358.180 2020 yearly 2002 - 2020
Monetary Last Frequency Range
Household Debt: % of GDP (%) 32.6 Sep 2020 quarterly Dec 2010 - Sep 2020
Non Performing Loans Ratio (%) 5.7 Oct 2020 monthly Aug 2010 - Oct 2020
Non-Performing Loans (USD mn) 212.558 Oct 2020 monthly Dec 2010 - Oct 2020
M2 Growth (%) -1.7 2019 yearly 2003 - 2019
Reserve Requirement Ratio (%) 7.5 Feb 2021 monthly Jan 2002 - Feb 2021
Foreign Exchange Reserves (USD mn) 2,087.5 Dec 2020 monthly Dec 2002 - Dec 2020
Foreign Exchange Reserves: % of GDP (%) 24.920 Sep 2020 quarterly Dec 2010 - Sep 2020
Foreign Exchange Reserves: Months of Import (NA) 9.5 Dec 2020 monthly Jan 2005 - Dec 2020
Gold Reserves (USD mn) 0.000 Dec 2020 monthly Dec 2002 - Dec 2020
Total Deposits (USD mn) 4,097.362 Jan 2021 monthly Jan 2003 - Jan 2021
Total Deposits Growth (%) -2.2 Jan 2021 monthly Jan 2004 - Jan 2021
Domestic Credit (USD mn) 2,601.2 Jan 2021 monthly Jan 2005 - Jan 2021
Domestic Credit Growth (%) -12.7 Jan 2021 monthly Jan 2006 - Jan 2021
Household Debt (USD mn) 1,691.6 Jan 2021 monthly Dec 2004 - Jan 2021
Total Loans (USD mn) 3,734.948 Oct 2020 monthly Jan 2003 - Oct 2020
Total Loans Growth (%) 7.32 Oct 2020 monthly Jan 2004 - Oct 2020
Private Debt: % of Nominal GDP (%) 58.26 Sep 2020 quarterly Dec 2010 - Sep 2020
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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