Montenegro Current Account Balance: % of GDP

2010 - 2026 | Quarterly | % | CEIC Data

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:

Montenegro Current Account Balance: % of GDP

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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Montenegro Key Series

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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