Montenegro Consolidated Fiscal Balance: % of GDP

2012 - 2020 | Quarterly | % | CEIC Data

Key information about Montenegro`s Consolidated Fiscal Balance: % of GDP

  • Montenegro Consolidated Fiscal Balance recorded a deficit equal to 10.1 % of its Nominal GDP in Dec 2020, compared with a deficit equal to 11.6 % in the previous quarter.
  • Montenegro Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2012 to Dec 2020, with an average ratio of -4.6 %.
  • 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.

Related information about Montenegro`s Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Montenegro National Government Debt reached 4.9 USD bn in Jun 2021.
  • Montenegro Nominal GDP reached 1.4 USD bn in Dec 2020.

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

Montenegro Consolidated Fiscal Balance: % of GDP

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

Montenegro Consolidated Fiscal Balance recorded a deficit equal to 10.1 % of its Nominal GDP in Dec 2020, compared with a deficit equal to 11.6 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-10.1 Dec 2020 -11.6 Sep 2020 -11.6 Sep 2020 -1.7 Sep 2016 % quarterly Dec 2012 - Dec 2020

Consolidated Fiscal Balance: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) -6.8 2020 yearly 1997 - 2020
Algeria (%) -7.4 2018 yearly 1994 - 2018
Argentina (%) -8.5 Dec 2020 quarterly Dec 2004 - Dec 2020
Armenia (%) -5.1 Dec 2020 quarterly Dec 2002 - Dec 2020
Australia (%) -13.6 Dec 2020 quarterly Jun 2003 - Dec 2020
Austria (%) -8.9 Dec 2020 quarterly Dec 2001 - Dec 2020
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -5.0 2014 yearly 1998 - 2014
Bangladesh (%) -5.4 2020 yearly 2006 - 2020
Belarus (%) -1.8 Dec 2020 quarterly Sep 2006 - Dec 2020
Belgium (%) -9.4 2020 yearly 1970 - 2020
Bolivia (%) -6.0 2018 yearly 1990 - 2018
Bosnia and Herzegovina (%) -1.7 Sep 2020 quarterly Dec 2008 - Sep 2020
Botswana (%) -10.7 Dec 2020 quarterly Mar 2004 - Dec 2020
Brazil (%) -13.4 Mar 2021 quarterly Dec 1997 - Mar 2021
Brunei (%) -5.0 2019 yearly 2010 - 2019
Bulgaria (%) -3.0 Dec 2020 quarterly Sep 2003 - Dec 2020
Cambodia (%) -4.1 2020 yearly 2007 - 2020
Canada (%) -11.7 Dec 2020 quarterly Jun 1993 - Dec 2020
Chile (%) -7.1 2020 yearly 1990 - 2020
China (%) -5.8 Mar 2021 quarterly Dec 1995 - Mar 2021
Colombia (%) -5.8 Sep 2020 quarterly Dec 2000 - Sep 2020
Croatia (%) 0.4 2019 yearly 2002 - 2019
Cyprus (%) -5.7 Dec 2020 quarterly Dec 1995 - Dec 2020
Czech Republic (%) -6.2 Dec 2020 quarterly Dec 1999 - Dec 2020
Denmark (%) -1.1 Dec 2020 quarterly Dec 1999 - Dec 2020
Ecuador (%) -6.0 Dec 2020 quarterly Dec 2000 - Dec 2020
Estonia (%) -4.8 Dec 2020 quarterly Dec 2000 - Dec 2020
European Union (%) -6.9 2020 yearly 1995 - 2020
Finland (%) -5.4 Dec 2020 quarterly Dec 1999 - Dec 2020
France (%) -9.3 Dec 2020 quarterly Dec 1949 - Dec 2020
Georgia (%) -9.3 Dec 2020 quarterly Dec 2006 - Dec 2020
Germany (%) -4.2 Dec 2020 quarterly Dec 1991 - Dec 2020
Ghana (%) -6.6 Jun 2020 quarterly Dec 2008 - Jun 2020
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -8.5 Dec 2020 quarterly Sep 1999 - Dec 2020
Hungary (%) -8.1 Dec 2020 quarterly Dec 1999 - Dec 2020
Iceland (%) -1.1 Dec 2020 quarterly Mar 2004 - Dec 2020
India (%) -6.0 Dec 2020 quarterly Mar 2005 - Dec 2020
Indonesia (%) -6.2 Dec 2020 quarterly Dec 2014 - Dec 2020
Iran (%) -4.9 Mar 2019 quarterly Mar 2006 - Mar 2019
Ireland (%) -5.0 Dec 2020 quarterly Dec 2000 - Dec 2020
Israel (%) -11.5 Dec 2020 quarterly Dec 1999 - Dec 2020
Italy (%) -8.6 Dec 2020 quarterly Dec 1999 - Dec 2020
Ivory Coast (%) -3.0 2018 yearly 1960 - 2018
Japan (%) -7.8 2022 yearly 1996 - 2022
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -3.7 Dec 2020 quarterly Dec 2008 - Dec 2020
Kenya (%) -2.7 Sep 2020 quarterly Dec 2009 - Sep 2020
South Korea (%) -3.7 Dec 2020 quarterly Jun 2000 - Dec 2020
Kosovo (%) -7.1 Dec 2020 quarterly Dec 2010 - Dec 2020
Kuwait (%) -9.6 2019 yearly 1988 - 2019
Kyrgyzstan (%) -1.9 Jan 2021 monthly Jan 2007 - Jan 2021
Laos (%) -5.2 2020 yearly 2012 - 2020
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 (%) -4.1 Dec 2020 quarterly Dec 2009 - Dec 2020
Macau SAR, China (%) -8.7 Sep 2020 quarterly Dec 2003 - Sep 2020
North Macedonia (%) -8.2 2020 yearly 1993 - 2020
Malawi (%) -1.2 Dec 2020 monthly Apr 2005 - Dec 2020
Malaysia (%) -3.6 2019 yearly 1970 - 2019
Malta (%) -10.1 Dec 2020 quarterly Dec 2000 - Dec 2020
Mauritius (%) -8.0 Jun 2020 quarterly Dec 2010 - Jun 2020
Mexico (%) -2.9 Dec 2020 quarterly Dec 1980 - Dec 2020
Moldova (%) -1.4 2019 yearly 1998 - 2019
Mongolia (%) -12.3 Dec 2020 quarterly Dec 2000 - Dec 2020
Montenegro (%) -10.1 Dec 2020 quarterly Dec 2012 - Dec 2020
Morocco (%) -11.0 2020 yearly 1980 - 2020
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -2.6 2018 yearly 1986 - 2018
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -4.3 Dec 2020 quarterly Dec 1999 - Dec 2020
New Zealand (%) -1.2 Dec 2020 quarterly Dec 2001 - Dec 2020
Nigeria (%) -3.8 Dec 2020 quarterly Dec 2010 - Dec 2020
Norway (%) -3.4 Dec 2020 quarterly Dec 2002 - Dec 2020
Oman (%) -13.8 Sep 2020 quarterly Dec 2005 - Sep 2020
Pakistan (%) -8.1 2020 yearly 2000 - 2020
Palestinian Territory (%) -2.2 2019 yearly 2010 - 2019
Panama (%) -10.1 2020 yearly 2003 - 2020
Paraguay (%) -2.5 Dec 2020 quarterly Dec 2003 - Dec 2020
Peru (%) -8.4 Dec 2020 quarterly Dec 1990 - Dec 2020
Philippines (%) -7.6 Dec 2020 quarterly Dec 1985 - Dec 2020
Poland (%) -7.0 2020 yearly 1995 - 2020
Portugal (%) -5.7 Dec 2020 quarterly Dec 1999 - Dec 2020
Qatar (%) -5.2 Dec 2020 quarterly Mar 2011 - Dec 2020
Romania (%) -9.7 Dec 2020 quarterly Dec 2004 - Dec 2020
Russia (%) -4.0 Dec 2020 quarterly Dec 1993 - Dec 2020
Saudi Arabia (%) -7.1 2020 yearly 1969 - 2020
Serbia (%) -8.1 Dec 2020 quarterly Dec 2005 - Dec 2020
Singapore (%) -6.8 Dec 2020 quarterly Mar 2012 - Dec 2020
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -7.7 Dec 2020 quarterly Dec 2000 - Dec 2020
South Africa (%) -10.6 Dec 2020 quarterly Dec 1990 - Dec 2020
Spain (%) -11.0 Dec 2020 quarterly Dec 1995 - Dec 2020
Sri Lanka (%) -11.1 Dec 2020 quarterly Dec 2014 - Dec 2020
Sudan (%) -2.4 2019 yearly 2001 - 2019
Sweden (%) -3.0 2020 yearly 1995 - 2020
Switzerland (%) 1.4 2019 yearly 1990 - 2019

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Montenegro Key Series

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Includes 196 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 (%) -10.1 Dec 2020 quarterly Dec 2012 - Dec 2020
Consolidated Fiscal Balance (USD mn) -62.191 Feb 2021 monthly Jan 2012 - Feb 2021
Tax Revenue (USD mn) 155.592 Aug 2021 monthly Jan 2012 - Aug 2021
Tax Revenue: % of GDP (%) 20.9 Dec 2020 quarterly Mar 2012 - Dec 2020
National Government Debt (USD mn) 4,854.4 Jun 2021 monthly Dec 2010 - Jun 2021
Government Debt: % of GDP (%) 103.3 Dec 2020 quarterly Dec 2010 - Dec 2020
Forecast: Government Expenditure (EUR bn) 2.798 2026 yearly 2002 - 2026
Forecast: Government Net Debt (EUR bn) 4.557 2026 yearly 2002 - 2026
Forecast: Government Revenue (EUR bn) 2.686 2026 yearly 2002 - 2026
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 82,197,493.750 Aug 2021 monthly Jan 2012 - Aug 2021
General Govt Revenue: Cons: Taxes (EUR) 132,227,415.310 Aug 2021 monthly Jan 2012 - Aug 2021
General Government Revenue: Consolidated (EUR) 190,060,932.940 Aug 2021 monthly Jan 2012 - Aug 2021
General Govt Expenditure: Consolidated (EUR) 128,580,844.040 Aug 2021 monthly Jan 2012 - Aug 2021
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 61,480,088.900 Aug 2021 monthly Jan 2012 - Aug 2021
General Govt Revenue: Cons: Taxes: Excises (EUR) 30,364,249.790 Aug 2021 monthly Jan 2012 - Aug 2021
General Govt Expenditure: Cons: ow Current (EUR) 121,241,226.020 Aug 2021 monthly Jan 2012 - Aug 2021
Gross General Government External Debt (EUR mn) 3,652.600 Jun 2021 monthly Dec 2010 - Jun 2021
Gross General Government Debt (EUR mn) 4,097.240 Jun 2021 monthly Dec 2010 - Jun 2021
Gross General Government Debt: Domestic (EUR mn) 426.630 Jun 2021 monthly Dec 2010 - Jun 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.330 2026 yearly 2003 - 2026
Trade Balance (USD mn) -246.2 Aug 2021 monthly Jan 2005 - Aug 2021
Total Exports (USD mn) 36.6 Aug 2021 monthly Jan 2005 - Aug 2021
Total Exports Growth (%) 1.1 Aug 2021 monthly Jan 2006 - Aug 2021
Aluminum: Exports (USD th) 64,427.184 2020 yearly 2008 - 2020
Exports: Medicament (USD th) 27,577.529 2020 yearly 2008 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 35.218 2020 yearly 2008 - 2020
Total Imports (USD mn) 282.8 Aug 2021 monthly Jan 2005 - Aug 2021
Total Imports Growth (%) 45.8 Aug 2021 monthly Jan 2006 - Aug 2021
Imports: Medicament (USD th) 95,282.144 2020 yearly 2008 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 37,610.169 2020 yearly 2008 - 2020
Total Exports to USA (USD mn) 0.558 Dec 2020 monthly Jan 2010 - Dec 2020
Total Imports from USA (USD mn) 2.914 Mar 2021 monthly Jan 2006 - Mar 2021
Total Exports to China (USD mn) 0.265 Apr 2021 monthly Jan 2010 - Apr 2021
Total Imports from China (USD mn) 25.935 Apr 2021 monthly Jan 2006 - Apr 2021
Exports (EUR th) 31,085.311 Aug 2021 monthly Jan 2005 - Aug 2021
Imports (EUR th) 240,322.035 Aug 2021 monthly Jan 2005 - Aug 2021
Exports: Machinery & Transport Equipment (EUR th) 3,885.943 Aug 2021 monthly Mar 2009 - Aug 2021
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 4,042.644 Aug 2021 monthly Mar 2009 - Aug 2021
Exports: Manufactured Goods (EUR th) 5,478.708 Aug 2021 monthly Mar 2009 - Aug 2021
Exports: Crude Materials: excl Fuels (EUR th) 9,156.514 Aug 2021 monthly Mar 2009 - Aug 2021
Exports: Food & Live Animals (EUR th) 3,824.066 Aug 2021 monthly Mar 2009 - Aug 2021
Exports: Europe: CEFTA: Serbia (EUR th) 6,029.226 Aug 2021 monthly Mar 2009 - Aug 2021
Exports: Europe: EU-28: Slovenia (EUR th) 1,603.253 Aug 2021 monthly Mar 2009 - Aug 2021
Imports: Miscellaneous Manufactured Goods (EUR th) 29,753.684 Aug 2021 monthly Mar 2009 - Aug 2021
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 36,124.694 Aug 2021 monthly Mar 2009 - Aug 2021
Imports: Manufactured Goods (EUR th) 35,665.990 Aug 2021 monthly Mar 2009 - Aug 2021
Imports: Food & Live Animals (EUR th) 52,667.613 Aug 2021 monthly Mar 2009 - Aug 2021
Imports: Machinery & Transport Equipment (EUR th) 40,537.700 Aug 2021 monthly Mar 2009 - Aug 2021
Imports: Europe: CEFTA: Serbia (EUR th) 53,197.603 Aug 2021 monthly Mar 2009 - Aug 2021
Imports: Europe: EU-28: Greece (EUR th) 19,009.457 Aug 2021 monthly Mar 2009 - Aug 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -5.8 Jun 2021 quarterly Mar 2005 - Jun 2021
Current Account Balance (USD mn) -297.5 Jun 2021 quarterly Mar 2004 - Jun 2021
Current Account Balance: % of GDP (%) -21.9 Jun 2021 quarterly Mar 2010 - Jun 2021
Foreign Direct Investment (USD mn) 141.2 Jun 2021 quarterly Mar 2005 - Jun 2021
Foreign Direct Investment: % of GDP (%) 10.4 Jun 2021 quarterly Mar 2010 - Jun 2021
Foreign Portfolio Investment (USD mn) -46.367 Jun 2021 quarterly Mar 2005 - Jun 2021
Foreign Portfolio Investment: % of GDP (%) 59.3 Dec 2020 quarterly Mar 2010 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 75.5 Dec 2020 quarterly Mar 2007 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 77.773 Dec 2020 quarterly Mar 2007 - Dec 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) -0.943 2026 yearly 2001 - 2026
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
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
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.7 Feb 2021 monthly Aug 2010 - Feb 2021
Household Debt: % of GDP (%) 33.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Non-Performing Loans (USD mn) 208.908 Mar 2021 monthly Dec 2010 - Mar 2021
M2 Growth (%) -1.7 2019 yearly 2003 - 2019
Reserve Requirement Ratio (%) 5.5 May 2021 monthly Jan 2002 - May 2021
Foreign Exchange Reserves (USD mn) 1,764.4 Aug 2021 monthly Dec 2002 - Aug 2021
Foreign Exchange Reserves: % of GDP (%) 30.421 Jun 2021 quarterly Dec 2010 - Jun 2021
Foreign Exchange Reserves: Months of Import (NA) 6.2 Aug 2021 monthly Jan 2005 - Aug 2021
Gold Reserves (USD mn) 0.000 Aug 2021 monthly Dec 2002 - Aug 2021
Total Deposits (USD mn) 4,707.341 Aug 2021 monthly Jan 2003 - Aug 2021
Total Deposits Growth (%) 2.8 Mar 2021 monthly Jan 2004 - Mar 2021
Domestic Credit (USD mn) 2,920.5 Aug 2021 monthly Jan 2005 - Aug 2021
Domestic Credit Growth (%) -9.1 Aug 2021 monthly Jan 2006 - Aug 2021
Household Debt (USD mn) 1,679.0 Aug 2021 monthly Dec 2004 - Aug 2021
Total Loans (USD mn) 3,831.176 Mar 2021 monthly Jan 2003 - Mar 2021
Total Loans Growth (%) 6.20 Apr 2021 monthly Jan 2004 - Apr 2021
Private Debt: % of Nominal GDP (%) 59.30 Dec 2020 quarterly Dec 2010 - Dec 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
ME: Bank Liquid Reserves: to Bank Assets Ratio (%) 21.375 2020 yearly 2013 - 2020

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