Montenegro Current Account Balance: % of GDP

2010 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Current Account Balance: % of GDP

  • Montenegro Current Account deficit accounted for 21.4 % of the country's Nominal GDP in Mar 2023, compared with a 18.4 % deficit in the previous quarter.
  • Montenegro Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2010 to Mar 2023, with an average value of -26.8 %.
  • The data reached an all-time high of 24.6 % in Sep 2015 and a record low of -39.9 % 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 deficit of 278.9 USD mn in Mar 2023.
  • Foreign Direct Investment (FDI) increased by 161.3 USD mn in Jun 2023.
  • Montenegro Direct Investment Abroad fell by 1.2 USD mn in Jun 2023.
  • Its Foreign Portfolio Investment increased by 5.9 USD mn in Jun 2023.
  • The country's Nominal GDP was reported at 1.3 USD bn in Mar 2023.

View Montenegro's Current Account Balance: % of GDP from Mar 2010 to Mar 2023 in the chart:

Montenegro Current Account Balance: % of GDP

What was Montenegro's Current Account Balance: % of GDP in Mar 2023?

Montenegro Current Account deficit accounted for 21.4 % of the country's Nominal GDP in Mar 2023, compared with a 18.4 % deficit in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-21.4 Mar 2023 -18.4 Dec 2022 -39.9 Jun 2016 24.6 Sep 2015 % quarterly Mar 2010 - Mar 2023

Current Account Balance: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) -2.9 Mar 2023 quarterly Mar 2008 - Mar 2023
Algeria (%) 8.9 Sep 2022 quarterly Mar 2007 - Sep 2022
Argentina (%) -3.7 Mar 2023 quarterly Mar 2004 - Mar 2023
Armenia (%) -7.7 Mar 2023 quarterly Dec 1994 - Mar 2023
Australia (%) 1.2 Jun 2023 quarterly Sep 1959 - Jun 2023
Austria (%) 4.2 Mar 2023 quarterly Mar 1970 - Mar 2023
Azerbaijan (%) 27.5 Dec 2022 quarterly Mar 2013 - Dec 2022
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) -3.8 2022 yearly 1998 - 2022
Belarus (%) -10.2 Mar 2023 quarterly Mar 1996 - Mar 2023
Belgium (%) -2.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Bolivia (%) -2.8 Mar 2023 quarterly Mar 1990 - Mar 2023
Bosnia and Herzegovina (%) -5.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Botswana (%) -0.9 Dec 2022 quarterly Mar 2004 - Dec 2022
Brazil (%) -0.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) 3.5 Jun 2023 quarterly Sep 1999 - Jun 2023
Cambodia (%) -12.7 Dec 2022 quarterly Mar 2010 - Dec 2022
Canada (%) -0.9 Jun 2023 quarterly Mar 1957 - Jun 2023
Chile (%) -3.2 Jun 2023 quarterly Mar 1996 - Jun 2023
China (%) 1.5 Jun 2023 quarterly Mar 1998 - Jun 2023
Colombia (%) -3.0 Jun 2023 quarterly Mar 1996 - Jun 2023
Croatia (%) -13.7 Mar 2023 quarterly Mar 1995 - Mar 2023
Cyprus (%) -27.7 Mar 2023 quarterly Mar 2008 - Mar 2023
Czech Republic (%) -2.2 Jun 2023 quarterly Mar 1995 - Jun 2023
Denmark (%) 11.7 Jun 2023 quarterly Mar 1990 - Jun 2023
Ecuador (%) 1.5 Mar 2023 quarterly Mar 1993 - Mar 2023
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 1.7 Jun 2023 quarterly Mar 1999 - Jun 2023
Finland (%) -1.8 Mar 2023 quarterly Mar 1990 - Mar 2023
France (%) -1.4 Jun 2023 quarterly Mar 1997 - Jun 2023
Georgia (%) -3.2 Mar 2023 quarterly Mar 1996 - Mar 2023
Germany (%) 6.8 Jun 2023 quarterly Mar 1991 - Jun 2023
Ghana (%) 3.5 Mar 2023 quarterly Mar 2006 - Mar 2023
Greece (%) -7.6 Mar 2023 quarterly Mar 2000 - Mar 2023
Hong Kong SAR, China (%) 5.9 Mar 2023 quarterly Mar 1999 - Mar 2023
Hungary (%) -1.6 Mar 2023 quarterly Mar 1995 - Mar 2023
Iceland (%) -1.0 Mar 2023 quarterly Mar 1995 - Mar 2023
India (%) -0.2 Mar 2023 quarterly Jun 2004 - Mar 2023
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.7 2022 yearly 1997 - 2022
Ireland (%) 12.6 Jun 2023 quarterly Mar 1995 - Jun 2023
Israel (%) 4.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Italy (%) 1.3 Jun 2023 quarterly Mar 1980 - Jun 2023
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) -8.8 Mar 2023 quarterly Mar 1992 - Mar 2023
Kazakhstan (%) -0.1 Dec 2022 quarterly Dec 1997 - Dec 2022
Kenya (%) -3.7 Mar 2023 quarterly Mar 2009 - Mar 2023
South Korea (USD mn) 926.3 Jul 2023 monthly Jan 1980 - Jul 2023
Kosovo (%) -11.5 Mar 2023 quarterly Mar 2010 - Mar 2023
Kuwait (%) 0.5 Dec 2020 quarterly Mar 2012 - Dec 2020
Kyrgyzstan (%) -25.3 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) -0.1 2022 yearly 1984 - 2022
Latvia (%) -4.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Lebanon (%) -4.7 2020 yearly 2002 - 2020
Lithuania (%) 3.0 Jun 2023 quarterly Mar 1993 - Jun 2023
Luxembourg (%) 1.2 Mar 2023 quarterly Mar 1995 - Mar 2023
Macau SAR, China (%) 6.1 2022 yearly 2002 - 2022
North Macedonia (%) -3.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 2.1 Jun 2023 quarterly Mar 2000 - Jun 2023
Malta (%) -0.1 Mar 2023 quarterly Mar 1995 - Mar 2023
Mauritius (%) -3.0 Mar 2023 quarterly Mar 2007 - Mar 2023
Mexico (%) 1.4 Jun 2023 quarterly Mar 1993 - Jun 2023
Moldova (%) -13.1 Mar 2023 quarterly Mar 1995 - Mar 2023
Mongolia (%) 4.2 Jun 2023 quarterly Mar 2000 - Jun 2023
Montenegro (%) -21.4 Mar 2023 quarterly Mar 2010 - Mar 2023
Morocco (%) 0.1 Mar 2023 quarterly Mar 2014 - Mar 2023
Mozambique (%) -22.8 2021 yearly 1980 - 2021
Nepal (%) -1.3 2023 yearly 2001 - 2023
Netherlands (%) 10.4 Mar 2023 quarterly Mar 1987 - Mar 2023
New Zealand (%) -8.4 Mar 2023 quarterly Jun 1987 - Mar 2023
Nigeria (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Norway (%) 14.4 Jun 2023 quarterly Mar 1981 - Jun 2023
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.7 2023 yearly 1977 - 2023
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) -16.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Paraguay (%) -0.1 Mar 2023 quarterly Mar 2000 - Mar 2023
Peru (%) 0.7 Jun 2023 quarterly Mar 1990 - Jun 2023
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 2.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Portugal (%) 0.9 Jun 2023 quarterly Mar 1996 - Jun 2023
Qatar (%) 27.6 Dec 2022 quarterly Mar 2011 - Dec 2022
Romania (%) -6.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Russia (%) 1.1 Jun 2023 quarterly Mar 1994 - Jun 2023
Saudi Arabia (%) 6.6 Mar 2023 quarterly Mar 2006 - Mar 2023
Serbia (%) -2.3 Jun 2023 quarterly Mar 2007 - Jun 2023
Singapore (%) 19.0 Jun 2023 quarterly Mar 1986 - Jun 2023
Slovakia (%) 0.7 Jun 2023 quarterly Mar 1997 - Jun 2023
Slovenia (%) 8.1 Jun 2023 quarterly Mar 1995 - Jun 2023
South Africa (%) -0.9 Mar 2023 quarterly Mar 1960 - Mar 2023
Spain (%) 2.4 Jun 2023 quarterly Mar 1980 - Jun 2023
Sri Lanka (%) 3.1 Mar 2023 quarterly Mar 2002 - Mar 2023
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 4.3 Jun 2023 quarterly Mar 1980 - Jun 2023
Switzerland (%) 8.2 Mar 2023 quarterly Mar 1983 - Mar 2023

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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 (%) -2.8 Mar 2023 quarterly Dec 2012 - Mar 2023
Consolidated Fiscal Balance (USD mn) -18.215 Jul 2023 monthly Jan 2012 - Jul 2023
Tax Revenue (USD mn) 158.940 Jul 2023 monthly Jan 2012 - Jul 2023
Tax Revenue: % of GDP (%) 22.1 Dec 2022 quarterly Mar 2012 - Dec 2022
National Government Debt (USD mn) 4,394.7 Jun 2023 monthly Dec 2010 - Jun 2023
Government Debt: % of GDP (%) 68.2 Mar 2023 quarterly Dec 2010 - Mar 2023
Forecast: Government Expenditure (EUR bn) 3.932 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.446 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.415 2028 yearly 2002 - 2028
General Government Revenue: Consolidated (EUR) 207,776,455.470 Jul 2023 monthly Jan 2012 - Jul 2023
General Govt Revenue: Cons: Taxes: Excises (EUR) 34,815,701.960 Jul 2023 monthly Jan 2012 - Jul 2023
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -16,458,864.520 Jul 2023 monthly Jan 2012 - Jul 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 92,697,116.170 Jul 2023 monthly Jan 2012 - Jul 2023
General Govt Revenue: Cons: Taxes (EUR) 143,616,587.010 Jul 2023 monthly Jan 2012 - Jul 2023
General Govt Expenditure: Cons: ow Current (EUR) 208,102,325.430 Jul 2023 monthly Jan 2012 - Jul 2023
General Govt Expenditure: Consolidated (EUR) 224,235,319.990 Jul 2023 monthly Jan 2012 - Jul 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) -324.8 Jul 2023 monthly Jan 2005 - Jul 2023
Total Exports (USD mn) 45.4 Jul 2023 monthly Jan 2005 - Jul 2023
Total Exports Growth (%) -7.4 Jul 2023 monthly Jan 2006 - Jul 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) 370.3 Jul 2023 monthly Jan 2005 - Jul 2023
Total Imports Growth (%) 6.2 Jul 2023 monthly Jan 2006 - Jul 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) 1.177 Jul 2023 monthly Jan 2010 - Jul 2023
Total Imports from USA (USD mn) 2.751 Jul 2023 monthly Jan 2006 - Jul 2023
Total Exports to China (USD mn) 0.076 Jul 2023 monthly Jan 2010 - Jul 2023
Total Imports from China (USD mn) 45.221 Jul 2023 monthly Jan 2006 - Jul 2023
Exports (EUR th) 41,054.060 Jul 2023 monthly Jan 2005 - Jul 2023
Exports: Machinery & Transport Equipment (EUR th) 3,464.849 Jul 2023 monthly Mar 2009 - Jul 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 8,621.655 Jul 2023 monthly Mar 2009 - Jul 2023
Exports: Manufactured Goods (EUR th) 8,945.643 Jul 2023 monthly Mar 2009 - Jul 2023
Exports: Food & Live Animals (EUR th) 4,141.095 Jul 2023 monthly Mar 2009 - Jul 2023
Exports: Crude Materials: excl Fuels (EUR th) 7,422.609 Jul 2023 monthly Mar 2009 - Jul 2023
Exports: Europe: CEFTA: Serbia (EUR th) 10,587.288 Jul 2023 monthly Mar 2009 - Jul 2023
Exports: Europe: EU-28: Slovenia (EUR th) 2,514.405 Jul 2023 monthly Mar 2009 - Jul 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 44,969.856 Jul 2023 monthly Mar 2009 - Jul 2023
Imports: Manufactured Goods (EUR th) 47,102.764 Jul 2023 monthly Mar 2009 - Jul 2023
Imports: Food & Live Animals (EUR th) 73,030.155 Jul 2023 monthly Mar 2009 - Jul 2023
Imports (EUR th) 334,560.616 Jul 2023 monthly Jan 2005 - Jul 2023
Imports: Machinery & Transport Equipment (EUR th) 76,817.552 Jul 2023 monthly Mar 2009 - Jul 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 35,449.367 Jul 2023 monthly Mar 2009 - Jul 2023
Imports: Europe: EU-28: Greece (EUR th) 26,303.897 Jul 2023 monthly Mar 2009 - Jul 2023
Imports: Europe: CEFTA: Serbia (EUR th) 64,535.159 Jul 2023 monthly Mar 2009 - Jul 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -1.2 Jun 2023 quarterly Mar 2005 - Jun 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) -21.4 Mar 2023 quarterly Mar 2010 - Mar 2023
Foreign Direct Investment (USD mn) 161.3 Jun 2023 quarterly Mar 2005 - Jun 2023
Foreign Direct Investment: % of GDP (%) 13.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment (USD mn) 5.858 Jun 2023 quarterly Mar 2005 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) 0.6 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 161.1 Dec 2022 quarterly Mar 2007 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 49.201 Mar 2023 quarterly Mar 2007 - Mar 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: 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
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 (%) 5.6 Feb 2023 monthly Aug 2010 - Feb 2023
Household Debt: % of GDP (%) 26.4 Mar 2023 quarterly Dec 2010 - Mar 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 May 2023 monthly Jan 2002 - May 2023
Foreign Exchange Reserves (USD mn) 1,607.6 Jul 2023 monthly Dec 2002 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 31.744 Dec 2022 quarterly Dec 2010 - Dec 2022
Foreign Exchange Reserves: Months of Import (NA) 4.3 Jul 2023 monthly Jan 2005 - Jul 2023
Gold Reserves (USD mn) 0.000 Jul 2023 monthly Dec 2002 - Jul 2023
Total Deposits (USD mn) 5,950.271 Jul 2023 monthly Jan 2003 - Jul 2023
Total Deposits Growth (%) 17.1 Jul 2023 monthly Jan 2004 - Jul 2023
Domestic Credit (USD mn) 3,647.3 Jul 2023 monthly Jan 2005 - Jul 2023
Domestic Credit Growth (%) 9.4 Jul 2023 monthly Jan 2006 - Jul 2023
Household Debt (USD mn) 1,791.7 Jul 2023 monthly Dec 2004 - Jul 2023
Total Loans (USD mn) 4,415.333 Jul 2023 monthly Jan 2003 - Jul 2023
Total Loans Growth (%) 12.34 Jul 2023 monthly Jan 2004 - Jul 2023
Private Debt: % of Nominal GDP (%) 47.60 Mar 2023 quarterly Dec 2010 - Mar 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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