Montenegro Consolidated Fiscal Balance: % of GDP

2012 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Consolidated Fiscal Balance: % of GDP

  • Montenegro Consolidated Fiscal Balance recorded a deficit equal to 0.5 % of its Nominal GDP in Jun 2023, compared with a deficit equal to 2.7 % in the previous quarter
  • Montenegro Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2012 to Jun 2023, with an average ratio of -4.4 %
  • The data reached an all-time high of -0.1 % in Jun 2022 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 and Social Welfare provides Consolidated Fiscal Balance in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.


Further information about Montenegro Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Montenegro National Government Debt reached 4.4 USD bn in Jun 2023
  • Montenegro Nominal GDP reached 1.3 USD bn in Mar 2023

View Montenegro's Consolidated Fiscal Balance: % of GDP from Dec 2012 to Jun 2023 in the chart:

Montenegro Consolidated Fiscal Balance: % of GDP

What was Montenegro's Consolidated Fiscal Balance: % of GDP in Jun 2023?

Montenegro Consolidated Fiscal Balance recorded a deficit equal to 0.5 % of its Nominal GDP in Jun 2023, compared with a deficit equal to 2.7 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.5 Jun 2023 -2.7 Mar 2023 -11.6 Sep 2020 -0.1 Jun 2022 % quarterly Dec 2012 - Jun 2023

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 (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -7.3 2021 yearly 1994 - 2021
Argentina (%) -4.3 Jun 2023 quarterly Dec 2004 - Jun 2023
Armenia (%) -1.4 Jun 2023 quarterly Dec 2002 - Jun 2023
Australia (%) -0.9 Jun 2023 quarterly Jun 2003 - Jun 2023
Austria (%) -4.1 Jun 2023 quarterly Dec 2001 - Jun 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2022 yearly 2006 - 2022
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -3.9 2022 yearly 1970 - 2022
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 4.7 Mar 2023 quarterly Dec 2008 - Mar 2023
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -5.6 Sep 2023 quarterly Dec 1997 - Sep 2023
Brunei (%) 1.3 2022 yearly 2010 - 2022
Bulgaria (%) -1.8 Sep 2023 quarterly Sep 2003 - Sep 2023
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -1.7 Jun 2023 quarterly Jun 1993 - Jun 2023
Chile (%) 1.4 2022 yearly 1990 - 2022
China (%) -4.1 Sep 2023 quarterly Dec 1995 - Sep 2023
Colombia (%) -2.6 Dec 2022 quarterly Dec 2000 - Dec 2022
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Czech Republic (%) -3.3 Jun 2023 quarterly Dec 1999 - Jun 2023
Denmark (%) 3.2 Jun 2023 quarterly Dec 1999 - Jun 2023
Ecuador (%) -1.1 Jun 2023 quarterly Dec 2000 - Jun 2023
Estonia (%) -1.7 Jun 2023 quarterly Dec 1999 - Jun 2023
European Union (%) -3.3 2022 yearly 1995 - 2022
Finland (%) -1.5 Jun 2023 quarterly Dec 1999 - Jun 2023
France (%) -5.0 Jun 2023 quarterly Dec 1949 - Jun 2023
Georgia (%) -2.0 Jun 2023 quarterly Dec 2006 - Jun 2023
Germany (%) -2.7 Sep 2023 quarterly Dec 1991 - Sep 2023
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -5.6 Jun 2023 quarterly Sep 1999 - Jun 2023
Hungary (%) -8.2 Jun 2023 quarterly Dec 1999 - Jun 2023
Iceland (%) -1.5 Jun 2023 quarterly Mar 2002 - Jun 2023
India (%) -6.6 Jun 2023 quarterly Mar 2005 - Jun 2023
Indonesia (%) -2.2 Sep 2023 quarterly Dec 2014 - Sep 2023
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 2.2 Jun 2023 quarterly Dec 2000 - Jun 2023
Israel (%) -1.5 Sep 2023 quarterly Dec 1999 - Sep 2023
Italy (%) -8.0 Jun 2023 quarterly Dec 1999 - Jun 2023
Ivory Coast (%) -5.9 2022 yearly 1960 - 2022
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -2.5 Sep 2023 quarterly Dec 2008 - Sep 2023
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.1 Jun 2023 quarterly Jun 2000 - Jun 2023
Kosovo (%) 0.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Kuwait (%) -9.6 2019 yearly 1989 - 2019
Kyrgyzstan (%) 2.9 Sep 2023 monthly Jan 2007 - Sep 2023
Laos (%) -0.3 2022 yearly 2012 - 2022
Latvia (%) -3.0 Jun 2023 quarterly Dec 1999 - Jun 2023
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -1.3 Jun 2023 quarterly Dec 1999 - Jun 2023
Luxembourg (%) -0.3 2022 yearly 1995 - 2022
Macau SAR, China (%) -33.3 Sep 2022 quarterly Dec 2003 - Sep 2022
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -6.7 2022 yearly 1970 - 2022
Malta (%) -4.8 Mar 2023 quarterly Dec 2000 - Mar 2023
Mauritius (%) -4.9 Jun 2023 quarterly Dec 2010 - Jun 2023
Mexico (%) -4.0 Sep 2023 quarterly Dec 1980 - Sep 2023
Moldova (%) -3.3 2022 yearly 1998 - 2022
Mongolia (%) 3.3 Sep 2023 quarterly Dec 2000 - Sep 2023
Montenegro (%) -0.5 Jun 2023 quarterly Dec 2012 - Jun 2023
Morocco (%) -11.8 2022 yearly 1980 - 2022
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) -0.5 Jun 2023 quarterly Dec 1999 - Jun 2023
Nigeria (%) -4.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Norway (%) 23.3 Jun 2023 quarterly Dec 2002 - Jun 2023
Oman (%) 2.6 Jun 2023 quarterly Dec 2005 - Jun 2023
Pakistan (%) -7.9 2022 yearly 2000 - 2022
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.9 2022 yearly 2003 - 2022
Paraguay (%) -0.9 Jun 2023 quarterly Dec 2003 - Jun 2023
Peru (%) -2.9 Sep 2023 quarterly Dec 1990 - Sep 2023
Philippines (%) -6.7 Sep 2023 quarterly Dec 1985 - Sep 2023
Poland (%) -3.7 2022 yearly 1995 - 2022
Portugal (%) 0.0 Jun 2023 quarterly Sep 1999 - Jun 2023
Qatar (%) 5.5 Jun 2023 quarterly Mar 2011 - Jun 2023
Romania (%) -6.3 Jun 2023 quarterly Dec 2004 - Jun 2023
Russia (%) -4.7 Jun 2023 quarterly Dec 1993 - Jun 2023
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.1 Jun 2023 quarterly Dec 2005 - Jun 2023
Singapore (%) 0.9 Sep 2023 quarterly Mar 2012 - Sep 2023
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.3 Sep 2023 quarterly Dec 2000 - Sep 2023
South Africa (%) -5.4 Jun 2023 quarterly Dec 1990 - Jun 2023
Spain (%) -4.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Sri Lanka (%) -10.5 Jun 2023 quarterly Dec 2014 - Jun 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) 0.7 2022 yearly 1995 - 2022
Switzerland (%) 1.2 2022 yearly 1990 - 2022

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Montenegro Key Series

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Includes 161 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 (%) -0.5 Jun 2023 quarterly Dec 2012 - Jun 2023
Consolidated Fiscal Balance (USD mn) 47.105 Aug 2023 monthly Jan 2012 - Aug 2023
Tax Revenue (USD mn) 167.036 Sep 2023 monthly Jan 2012 - Sep 2023
Tax Revenue: % of GDP (%) 26.9 Jun 2023 quarterly Mar 2012 - Jun 2023
National Government Debt (USD mn) 4,394.7 Jun 2023 monthly Dec 2010 - Jun 2023
Government Debt: % of GDP (%) 63.1 Jun 2023 quarterly Dec 2010 - Jun 2023
Forecast: Government Expenditure (EUR bn) 3.984 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.698 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.392 2028 yearly 2002 - 2028
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -15,380,856.020 Sep 2023 monthly Jan 2012 - Sep 2023
General Government Revenue: Consolidated (EUR) 243,958,175.400 Aug 2023 monthly Jan 2012 - Aug 2023
General Govt Revenue: Cons: Taxes: Excises (EUR) 33,046,282.230 Sep 2023 monthly Jan 2012 - Sep 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 109,706,758.490 Sep 2023 monthly Jan 2012 - Sep 2023
General Govt Revenue: Cons: Taxes (EUR) 156,517,964.880 Sep 2023 monthly Jan 2012 - Sep 2023
General Govt Expenditure: Consolidated (EUR) 232,070,887.380 Sep 2023 monthly Jan 2012 - Sep 2023
General Govt Expenditure: Cons: ow Current (EUR) 203,896,771.810 Sep 2023 monthly Jan 2012 - Sep 2023
Gross General Government Debt: Domestic (EUR mn) 382.470 Jun 2022 monthly Dec 2010 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -326.1 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports (USD mn) 42.2 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports Growth (%) -21.1 Sep 2023 monthly Jan 2006 - Sep 2023
Aluminum: Exports (USD th) 180,096.808 2022 yearly 2008 - 2022
Exports: Medicament (USD th) 34,801.190 2022 yearly 2008 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 28.151 2022 yearly 2008 - 2022
Total Imports (USD mn) 368.3 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) -0.7 Sep 2023 monthly Jan 2006 - Sep 2023
Imports: Medicament (USD th) 116,265.339 2022 yearly 2008 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 45,821.508 2022 yearly 2008 - 2022
Total Exports to USA (USD mn) 0.756 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from USA (USD mn) 2.297 Sep 2023 monthly Jan 2006 - Sep 2023
Total Exports to China (USD mn) 0.064 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from China (USD mn) 36.130 Sep 2023 monthly Jan 2006 - Sep 2023
Exports (EUR th) 39,512.254 Sep 2023 monthly Jan 2005 - Sep 2023
Exports: Machinery & Transport Equipment (EUR th) 2,755.089 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,039.979 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Manufactured Goods (EUR th) 4,621.309 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Food & Live Animals (EUR th) 4,132.036 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Crude Materials: excl Fuels (EUR th) 9,271.644 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: CEFTA: Serbia (EUR th) 11,608.897 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: EU-28: Slovenia (EUR th) 3,055.071 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 49,978.003 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Manufactured Goods (EUR th) 58,372.312 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Food & Live Animals (EUR th) 63,956.749 Sep 2023 monthly Mar 2009 - Sep 2023
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Machinery & Transport Equipment (EUR th) 72,725.624 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 49,674.082 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: CEFTA: Serbia (EUR th) 56,453.887 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: EU-28: Greece (EUR th) 22,544.386 Sep 2023 monthly Mar 2009 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 26.5 Sep 2023 quarterly Mar 2005 - Sep 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) -16.5 Jun 2023 quarterly Mar 2010 - Jun 2023
Foreign Direct Investment (USD mn) 85.2 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Direct Investment: % of GDP (%) 8.7 Jun 2023 quarterly Mar 2010 - Jun 2023
Foreign Portfolio Investment (USD mn) -6.269 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.3 Jun 2023 quarterly Mar 2010 - Jun 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 99.3 Jun 2023 quarterly Mar 2007 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 61.957 Jun 2023 quarterly Mar 2007 - Jun 2023
External Debt (USD mn) 10,552.3 2021 yearly 2006 - 2021
External Debt: % of GDP (%) 180.1 2021 yearly 2006 - 2021
External Debt: Short Term (USD mn) 386.4 2021 yearly 2007 - 2021
External Debt: Short Term: % of GDP (%) 6.6 2021 yearly 2007 - 2021
Forecast: Current Account Balance (USD bn) -1.145 2028 yearly 2001 - 2028
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
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.2 Jul 2023 monthly Aug 2010 - Jul 2023
Household Debt: % of GDP (%) 25.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) 22.9 2022 yearly 2003 - 2022
Reserve Requirement Ratio (%) 5.5 Jul 2023 monthly Jan 2002 - Jul 2023
Foreign Exchange Reserves (USD mn) 1,720.0 Aug 2023 monthly Dec 2002 - Aug 2023
Foreign Exchange Reserves: % of GDP (%) 24.761 Jun 2023 quarterly Dec 2010 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 4.5 Aug 2023 monthly Jan 2005 - Aug 2023
Gold Reserves (USD mn) 0.000 Aug 2023 monthly Dec 2002 - Aug 2023
Total Deposits (USD mn) 5,850.575 Oct 2023 monthly Jan 2003 - Oct 2023
Total Deposits Growth (%) 10.7 Oct 2023 monthly Jan 2004 - Oct 2023
Domestic Credit (USD mn) 3,500.5 Oct 2023 monthly Jan 2005 - Oct 2023
Domestic Credit Growth (%) 9.6 Oct 2023 monthly Jan 2006 - Oct 2023
Household Debt (USD mn) 1,757.2 Oct 2023 monthly Dec 2004 - Oct 2023
Total Loans (USD mn) 4,300.891 Oct 2023 monthly Jan 2003 - Oct 2023
Total Loans Growth (%) 12.01 Oct 2023 monthly Jan 2004 - Oct 2023
Private Debt: % of Nominal GDP (%) 45.79 Jun 2023 quarterly Dec 2010 - Jun 2023
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

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