Montenegro Current Account Balance: % of GDP
Key information about Montenegro Current Account Balance: % of GDP
- Montenegro Current Account deficit accounted for 36.0 % of the country's Nominal GDP in Mar 2026, compared with a 35.8 % deficit in the previous quarter.
- Montenegro Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2010 to Mar 2026, with an average value of -36.3 %.
- The data reached an all-time high of 24.9 % in Sep 2015 and a record low of -40.2 % in Jun 2016.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Central Bank of Montenegro provides Current Account Balance in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.
Key information about Montenegro Current Account Balance: % of GDP
- In the latest reports of Montenegro, Current Account recorded a surplus of 69.2 USD mn in Sep 2025.
- Foreign Direct Investment (FDI) increased by 123.4 USD mn in Mar 2026.
- Montenegro Direct Investment Abroad expanded by 34.8 USD mn in Mar 2026.
- Its Foreign Portfolio Investment fell by 71.4 USD mn in Mar 2026.
- The country's Nominal GDP was reported at 2.3 USD bn in Jun 2025.
View Montenegro's Current Account Balance: % of GDP from Mar 2010 to Mar 2026 in the chart:
What was Montenegro's Current Account Balance: % of GDP in Mar 2026?
Montenegro Current Account deficit accounted for 36.0 % of the country's Nominal GDP in Mar 2026, compared with a 35.8 % deficit in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -36.0 Mar 2026 | -35.8 Dec 2025 | -40.2 Jun 2016 | 24.9 Sep 2015 | % | quarterly | Mar 2010 - Mar 2026 |
Current Account Balance: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -3.5 Mar 2026 | quarterly | Mar 2004 - Mar 2026 |
| Algeria (%) | -3.7 Dec 2024 | quarterly | Mar 2007 - Dec 2024 |
| Argentina (%) | -1.0 Mar 2026 | quarterly | Mar 2004 - Mar 2026 |
| Armenia (%) | -12.7 Mar 2026 | quarterly | Dec 1994 - Mar 2026 |
| Australia (%) | -3.7 Mar 2026 | quarterly | Sep 1959 - Mar 2026 |
| Austria (%) | 5.8 Mar 2026 | quarterly | Mar 1970 - Mar 2026 |
| Azerbaijan (%) | 2.4 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Bahrain (%) | 3.9 Jun 2025 | quarterly | Mar 2018 - Jun 2025 |
| Bangladesh (%) | 0.0 2025 | yearly | 1998 - 2025 |
| Belarus (%) | -8.4 Mar 2026 | quarterly | Mar 1996 - Mar 2026 |
| Belgium (%) | -0.1 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Bolivia (%) | -3.7 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Bosnia and Herzegovina (%) | -6.0 Mar 2026 | quarterly | Mar 2008 - Mar 2026 |
| Botswana (%) | -0.1 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Brazil (%) | -3.3 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Brunei (%) | 14.9 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Bulgaria (%) | -8.8 Mar 2026 | quarterly | Mar 1998 - Mar 2026 |
| Cambodia (%) | -15.5 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Canada (%) | -0.1 Dec 2025 | quarterly | Mar 1957 - Dec 2025 |
| Chile (%) | 1.9 Mar 2026 | quarterly | Mar 1996 - Mar 2026 |
| China (%) | 3.8 Mar 2026 | quarterly | Mar 1998 - Mar 2026 |
| Colombia (%) | -1.2 Mar 2026 | quarterly | Mar 1996 - Mar 2026 |
| Croatia (%) | -16.1 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Cyprus (%) | -14.2 Mar 2026 | quarterly | Mar 2008 - Mar 2026 |
| Czech Republic (%) | 3.4 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Denmark (%) | 8.8 Mar 2026 | quarterly | Mar 1990 - Mar 2026 |
| Ecuador (%) | 5.7 Mar 2026 | quarterly | Mar 1993 - Mar 2026 |
| Egypt (%) | -2.5 Jun 2025 | quarterly | Sep 2001 - Jun 2025 |
| Estonia (%) | 0.5 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| European Union (%) | 1.8 Mar 2026 | quarterly | Mar 1999 - Mar 2026 |
| Finland (%) | 0.4 Mar 2026 | quarterly | Mar 1990 - Mar 2026 |
| France (%) | -1.7 Mar 2026 | quarterly | Mar 1997 - Mar 2026 |
| Georgia (%) | -3.8 Mar 2026 | quarterly | Mar 1996 - Mar 2026 |
| Germany (%) | 4.5 Mar 2026 | quarterly | Mar 1991 - Mar 2026 |
| Ghana (%) | 8.0 Mar 2026 | quarterly | Mar 2006 - Mar 2026 |
| Greece (%) | -11.0 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Hong Kong SAR, China (%) | 4.3 Mar 2026 | quarterly | Mar 1999 - Mar 2026 |
| Hungary (%) | 0.3 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Iceland (%) | -3.0 Dec 2025 | quarterly | Mar 1995 - Dec 2025 |
| India (%) | -1.3 Dec 2025 | quarterly | Jun 2004 - Dec 2025 |
| Indonesia (%) | 1.1 Sep 2025 | quarterly | Mar 1993 - Sep 2025 |
| Iran (%) | 2.2 2025 | yearly | 1997 - 2025 |
| Ireland (%) | 12.9 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Israel (%) | 0.2 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Italy (%) | 0.5 Mar 2026 | quarterly | Mar 1980 - Mar 2026 |
| Ivory Coast (%) | -4.1 2024 | yearly | 1975 - 2024 |
| Japan (USD mn) | 29,402.7 Sep 2025 | monthly | Jan 1996 - Sep 2025 |
| Jordan (%) | -2.2 Mar 2026 | quarterly | Mar 1992 - Mar 2026 |
| Kazakhstan (%) | -2.8 Mar 2026 | quarterly | Dec 1997 - Mar 2026 |
| Kenya (%) | -2.2 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| South Korea (USD mn) | 38,121.1 May 2026 | monthly | Jan 1980 - May 2026 |
| Kosovo (%) | -9.2 Mar 2026 | quarterly | Mar 2010 - Mar 2026 |
| Kuwait (%) | 18.5 Dec 2025 | quarterly | Mar 2012 - Dec 2025 |
| Kyrgyzstan (%) | -21.3 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Laos (%) | 11.3 2025 | yearly | 1984 - 2025 |
| Latvia (%) | -1.5 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Lebanon (%) | -14.5 2024 | yearly | 2002 - 2024 |
| Lithuania (%) | 1.6 Mar 2026 | quarterly | Mar 1993 - Mar 2026 |
| Luxembourg (%) | 6.1 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Macau SAR, China (%) | 33.7 2024 | yearly | 2002 - 2024 |
| North Macedonia (%) | -7.6 Mar 2026 | quarterly | Mar 2000 - Mar 2026 |
| Malawi (%) | -17.0 2023 | yearly | 1977 - 2023 |
| Malaysia (%) | 3.0 Mar 2026 | quarterly | Mar 2000 - Mar 2026 |
| Malta (%) | 4.7 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Mauritius (%) | -0.6 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| Mexico (%) | -3.1 Mar 2026 | quarterly | Mar 1993 - Mar 2026 |
| Moldova (%) | -20.9 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Mongolia (%) | 2.8 Mar 2026 | quarterly | Mar 2000 - Mar 2026 |
| Montenegro (%) | -36.0 Mar 2026 | quarterly | Mar 2010 - Mar 2026 |
| Morocco (%) | -3.0 Dec 2025 | quarterly | Mar 2014 - Dec 2025 |
| Mozambique (%) | -11.0 2024 | yearly | 1980 - 2024 |
| Nepal (%) | 6.7 2025 | yearly | 2001 - 2025 |
| Netherlands (%) | 8.9 Mar 2026 | quarterly | Mar 1987 - Mar 2026 |
| New Zealand (%) | -4.0 Mar 2026 | quarterly | Jun 1987 - Mar 2026 |
| Nigeria (%) | 1.6 Dec 2025 | quarterly | Mar 2014 - Dec 2025 |
| Norway (%) | 18.5 Mar 2026 | quarterly | Mar 1981 - Mar 2026 |
| Oman (%) | 2.9 2024 | yearly | 1980 - 2024 |
| Pakistan (%) | 0.5 2025 | yearly | 1977 - 2025 |
| Palestinian Territory (%) | -22.0 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Panama (%) | 5.3 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| Paraguay (%) | 0.6 Mar 2026 | quarterly | Mar 2000 - Mar 2026 |
| Peru (%) | 4.8 Mar 2026 | quarterly | Mar 1990 - Mar 2026 |
| Philippines (%) | -4.0 Jun 2025 | quarterly | Mar 1981 - Jun 2025 |
| Poland (%) | 0.4 Mar 2026 | quarterly | Mar 2000 - Mar 2026 |
| Portugal (%) | -0.8 Mar 2026 | quarterly | Mar 1996 - Mar 2026 |
| Qatar (%) | 9.3 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Romania (%) | -7.3 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| Russia (%) | 2.0 Mar 2026 | quarterly | Mar 1994 - Mar 2026 |
| Saudi Arabia (%) | 1.2 Mar 2026 | quarterly | Mar 2006 - Mar 2026 |
| Serbia (%) | -0.6 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| Singapore (%) | 20.3 Mar 2026 | quarterly | Mar 1986 - Mar 2026 |
| Slovakia (%) | -1.3 Mar 2026 | quarterly | Mar 1997 - Mar 2026 |
| Slovenia (%) | 2.5 Mar 2026 | quarterly | Mar 1995 - Mar 2026 |
| South Africa (%) | 2.4 Mar 2026 | quarterly | Mar 1960 - Mar 2026 |
| Spain (%) | 2.1 Mar 2026 | quarterly | Mar 1980 - Mar 2026 |
| Sri Lanka (%) | 2.1 Mar 2026 | quarterly | Mar 2002 - Mar 2026 |
| Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
| Sweden (%) | 5.8 Mar 2026 | quarterly | Mar 1980 - Mar 2026 |
| Switzerland (%) | 7.2 Mar 2026 | quarterly | Mar 1983 - Mar 2026 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.5 Mar 2026 | quarterly | Dec 2012 - Mar 2026 |
| Consolidated Fiscal Balance (USD mn) | -83.223 May 2026 | monthly | Jan 2012 - May 2026 |
| Tax Revenue (USD mn) | 200.809 May 2026 | monthly | Jan 2012 - May 2026 |
| Tax Revenue: % of GDP (%) | 31.0 Mar 2026 | quarterly | Mar 2012 - Mar 2026 |
| 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) | 5.113 2031 | yearly | 2002 - 2031 |
| Forecast: Government Net Debt (EUR bn) | 7.483 2031 | yearly | 2002 - 2031 |
| Forecast: Government Revenue (EUR bn) | 4.623 2031 | yearly | 2002 - 2031 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 103,938,067.020 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Revenue: Cons: Taxes (EUR) | 171,910,737.140 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Expenditure: Cons: ow Current (EUR) | 260,087,971.500 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Expenditure: Consolidated (EUR) | 287,565,915.640 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -71,246,649.630 May 2026 | monthly | Jan 2012 - May 2026 |
| General Government Revenue: Consolidated (EUR) | 216,319,266.010 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 32,034,430.120 May 2026 | monthly | Jan 2012 - May 2026 |
| Gross General Government External Debt (EUR mn) | 4,417.700 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 Debt (EUR mn) | 4,705.330 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) | -407.3 May 2026 | monthly | Jan 2005 - May 2026 |
| Total Exports (USD mn) | 45.6 May 2026 | monthly | Jan 2005 - May 2026 |
| Total Exports Growth (%) | 7.5 May 2026 | monthly | Jan 2006 - May 2026 |
| Aluminum: Exports (USD th) | 41,867.902 2024 | yearly | 2008 - 2024 |
| Exports: Medicament (USD th) | 35,401.153 2025 | yearly | 2008 - 2025 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 265.817 2025 | yearly | 2008 - 2025 |
| Total Imports (USD mn) | 452.9 May 2026 | monthly | Jan 2005 - May 2026 |
| Total Imports Growth (%) | 3.5 May 2026 | monthly | Jan 2006 - May 2026 |
| Imports: Medicament (USD th) | 154,935.784 2025 | yearly | 2008 - 2025 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 83,406.785 2025 | yearly | 2008 - 2025 |
| Total Exports to USA (USD mn) | 0.442 May 2026 | monthly | Jan 2010 - May 2026 |
| Total Imports from USA (USD mn) | 6.252 May 2026 | monthly | Jan 2006 - May 2026 |
| Total Exports to China (USD mn) | 0.831 May 2026 | monthly | Jan 2010 - May 2026 |
| Total Imports from China (USD mn) | 53.703 May 2026 | monthly | Jan 2006 - May 2026 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 7,679.859 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 3,791.901 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Machinery & Transport Equipment (EUR th) | 5,679.396 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Manufactured Goods (EUR th) | 5,203.826 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 11,208.711 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Food & Live Animals (EUR th) | 3,977.140 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Crude Materials: excl Fuels (EUR th) | 6,369.677 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 65,057.906 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Europe: EU-28: Greece (EUR th) | 33,968.686 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Manufactured Goods (EUR th) | 57,443.242 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Food & Live Animals (EUR th) | 68,927.561 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Machinery & Transport Equipment (EUR th) | 91,352.150 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 49,537.512 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 51,039.432 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports (EUR th) | 39,064.335 May 2026 | monthly | Jan 2005 - May 2026 |
| Imports (EUR th) | 387,742.991 May 2026 | monthly | Jan 2005 - May 2026 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 21.8 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Current Account Balance (USD mn) | 69.2 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Current Account Balance: % of GDP (%) | -36.0 Mar 2026 | quarterly | Mar 2010 - Mar 2026 |
| Foreign Direct Investment (USD mn) | 123.4 Mar 2026 | quarterly | Mar 2005 - Mar 2026 |
| Foreign Direct Investment: % of GDP (%) | 9.0 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Foreign Portfolio Investment (USD mn) | -71.408 Mar 2026 | quarterly | Mar 2005 - Mar 2026 |
| Foreign Portfolio Investment: % of GDP (%) | -3.8 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 120.2 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 3.240 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| 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) | -2.088 2031 | yearly | 2001 - 2031 |
| 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 |
| Foreign Direct Investment: Flow: Russian Federation (EUR) | 112,506,571.770 2023 | yearly | 2001 - 2023 |
| Foreign Direct Investment: Flow: Switzerland (EUR) | 65,139,405.970 2023 | yearly | 2001 - 2023 |
| 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: Italy (EUR) | 5,543,222.480 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 (%) | 30.0 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| Non-Performing Loans (USD mn) | 205.823 Jun 2024 | monthly | Dec 2010 - Jun 2024 |
| M2 Growth (%) | 9.8 2025 | yearly | 2003 - 2025 |
| Reserve Requirement Ratio (%) | 5.5 May 2026 | monthly | Jan 2002 - May 2026 |
| Foreign Exchange Reserves (USD mn) | 2,081.3 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 22.409 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.5 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Gold Reserves (USD mn) | 0.000 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Total Deposits (USD mn) | 6,966.935 May 2026 | monthly | Jan 2003 - May 2026 |
| Total Deposits Growth (%) | 5.7 May 2026 | monthly | Jan 2004 - May 2026 |
| Domestic Credit (USD mn) | 5,403.2 May 2026 | monthly | Jan 2005 - May 2026 |
| Domestic Credit Growth (%) | 22.6 May 2026 | monthly | Jan 2006 - May 2026 |
| Household Debt (USD mn) | 2,977.9 May 2026 | monthly | Dec 2004 - May 2026 |
| Total Loans (USD mn) | 6,735.508 May 2026 | monthly | Jan 2003 - May 2026 |
| Total Loans Growth (%) | 12.29 May 2026 | monthly | Jan 2004 - May 2026 |
| Private Debt: % of Nominal GDP (%) | 50.62 Dec 2025 | quarterly | Mar 2007 - Dec 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 |
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