Montenegro External Debt: % of GDP

2006 - 2020 | Yearly | % | CEIC Data

Key information about Montenegro External Debt: % of GDP

  • Montenegro External Debt accounted for 203.8 % of the country's Nominal GDP in 2020, compared with the ratio of 150.5 % in the previous year.
  • Montenegro External Debt: % of Nominal GDP data is updated yearly, available from Dec 2006 to Dec 2020.
  • The data reached an all-time high of 203.8 % in Dec 2020 and a record low of 32.3 % in Dec 2006.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and annual Nominal GDP. The World Bank provides External Debt in USD. The Statistical Office of Montenegro provides Nominal GDP in EUR based on ESA 2010. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Montenegro External Debt: % of GDP

  • In the latest reports of Montenegro, Current Account recorded a surplus of 188.2 USD mn in Sep 2021.
  • Foreign Direct Investment (FDI) increased by 179.1 USD mn in Sep 2021.
  • Montenegro Direct Investment Abroad expanded by 6.3 USD mn in Sep 2021.
  • Its Foreign Portfolio Investment fell by 94.8 USD mn in Sep 2021.
  • The country's External Debt reached 9,722.7 in Dec 2020.
  • The country's Nominal GDP was reported at 1.4 USD bn in Dec 2020.

View Montenegro's External Debt: % of GDP from 2006 to 2020 in the chart:

Montenegro External Debt: % of GDP

What was Montenegro's External Debt: % of GDP in 2020?

Montenegro External Debt accounted for 203.8 % of the country's Nominal GDP in 2020, compared with the ratio of 150.5 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
203.8 2020 150.5 2019 32.3 2006 203.8 2020 % yearly 2006 - 2020

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 65.4 2020 yearly 1991 - 2020
Algeria (%) 2.2 2019 yearly 1970 - 2019
Argentina (%) 70.7 2020 yearly 1994 - 2020
Armenia (%) 102.3 2020 yearly 2000 - 2020
Australia (%) 131.9 2020 yearly 1988 - 2020
Austria (%) 164.9 2020 yearly 1997 - 2020
Azerbaijan (%) 20.7 Dec 2020 quarterly Dec 2001 - Dec 2020
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 70.2 Dec 2020 quarterly Dec 2000 - Dec 2020
Belgium (%) 261.0 2020 yearly 2007 - 2020
Bolivia (%) 38.8 2020 yearly 2006 - 2020
Bosnia and Herzegovina (%) 25.5 2020 yearly 1999 - 2020
Botswana (%) 8.6 2020 yearly 1995 - 2020
Brazil (%) 38.4 2020 yearly 1992 - 2020
Bulgaria (%) 64.6 2020 yearly 1999 - 2020
Cambodia (%) 69.9 2020 yearly 2010 - 2020
Canada (%) 142.5 2020 yearly 1990 - 2020
Chile (%) 82.4 2020 yearly 1971 - 2020
China (%) 16.3 2020 yearly 1985 - 2020
Colombia (%) 56.7 2020 yearly 1970 - 2020
Croatia (%) 86.0 2020 yearly 1998 - 2020
Cyprus (%) 908.4 2020 yearly 2004 - 2020
Czech Republic (%) 75.5 2020 yearly 1995 - 2020
Denmark (%) 157.7 2020 yearly 2005 - 2020
Ecuador (%) 57.1 2020 yearly 1970 - 2020
Egypt (%) 33.9 Sep 2020 quarterly Jun 1999 - Sep 2020
Estonia (%) 91.1 2020 yearly 1996 - 2020
European Union (%) 130.3 2020 yearly 2008 - 2020
Finland (%) 225.2 2020 yearly 1991 - 2020
France (%) 261.7 2020 yearly 2004 - 2020
Georgia (%) 130.2 2020 yearly 1999 - 2020
Germany (%) 163.3 2020 yearly 1999 - 2020
Ghana (%) 34.2 2020 yearly 1999 - 2020
Greece (%) 299.1 2020 yearly 2003 - 2020
Hong Kong SAR, China (%) 516.0 2020 yearly 2001 - 2020
Hungary (%) 155.9 2020 yearly 2006 - 2020
Iceland (%) 83.5 2020 yearly 1989 - 2020
India (%) 21.1 2021 yearly 1970 - 2021
Indonesia (%) 39.4 2020 yearly 2003 - 2020
Iran (%) 1.0 2021 yearly 1994 - 2021
Ireland (%) 701.2 2020 yearly 2002 - 2020
Israel (%) 32.9 2020 yearly 1998 - 2020
Italy (%) 140.2 2020 yearly 2002 - 2020
Ivory Coast (%) 24.0 2018 yearly 1994 - 2018
Japan (%) 92.8 2020 yearly 2003 - 2020
Jordan (%) 82.1 2020 yearly 1970 - 2020
Kazakhstan (%) 96.5 Dec 2020 quarterly Mar 2002 - Dec 2020
Kenya (%) 33.1 2019 yearly 2015 - 2019
South Korea (%) 33.3 2020 yearly 1994 - 2020
Kosovo (%) 37.2 2020 yearly 2007 - 2020
Kuwait (%) 50.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 112.9 2020 yearly 2003 - 2020
Laos (%) 52.6 2019 yearly 1996 - 2019
Latvia (%) 124.2 Dec 2020 quarterly Mar 2000 - Dec 2020
Lebanon (%) 62.8 2019 yearly 2007 - 2019
Lithuania (%) 75.7 2020 yearly 1996 - 2020
Luxembourg (%) 5,166.8 2020 yearly 2002 - 2020
North Macedonia (%) 80.2 2020 yearly 2004 - 2020
Malawi (%) 39.4 2014 yearly 2006 - 2014
Malaysia (%) 67.6 2020 yearly 2009 - 2020
Malta (%) 677.1 2020 yearly 2004 - 2020
Mauritius (%) 2,062.5 2020 yearly 2009 - 2020
Mexico (%) 42.8 2020 yearly 2002 - 2020
Moldova (%) 70.5 2020 yearly 2000 - 2020
Mongolia (%) 243.1 2020 yearly 1992 - 2020
Montenegro (%) 203.8 2020 yearly 2006 - 2020
Morocco (%) 53.6 2020 yearly 1970 - 2020
Mozambique (%) 71.8 2017 yearly 1985 - 2017
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 443.8 2020 yearly 2003 - 2020
New Zealand (%) 89.9 2020 yearly 1993 - 2020
Nigeria (%) 7.8 2020 yearly 1985 - 2020
Norway (%) 180.9 2020 yearly 2003 - 2020
Pakistan (%) 41.0 2021 yearly 2000 - 2021
Palestinian Territory (%) 35.4 2018 yearly 2012 - 2018
Panama (%) 198.0 2020 yearly 2014 - 2020
Paraguay (%) 53.7 2020 yearly 2000 - 2020
Peru (%) 43.3 2020 yearly 1980 - 2020
Philippines (%) 27.2 2020 yearly 1990 - 2020
Poland (%) 60.6 2020 yearly 1995 - 2020
Portugal (%) 205.2 2020 yearly 1996 - 2020
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 57.9 2020 yearly 1995 - 2020
Russia (%) 31.4 2020 yearly 1993 - 2020
Serbia (%) 61.5 2020 yearly 2000 - 2020
Singapore (%) 471.3 2020 yearly 2003 - 2020
Slovakia (%) 120.5 2020 yearly 1995 - 2020
Slovenia (%) 101.9 2020 yearly 2001 - 2020
South Africa (%) 50.8 2020 yearly 1985 - 2020
Spain (%) 198.8 2020 yearly 1995 - 2020
Sri Lanka (%) 61.1 2020 yearly 1994 - 2020
Sudan (%) 105.1 2020 yearly 2001 - 2020
Sweden (%) 164.1 2020 yearly 1997 - 2020
Switzerland (%) 280.2 2020 yearly 1999 - 2020
Taiwan (%) 28.4 2020 yearly 1999 - 2020
Tajikistan (%) 37.5 2020 yearly 2000 - 2020
Thailand (%) 36.7 Dec 2020 quarterly Mar 2005 - Dec 2020
Tunisia (%) 100.9 2020 yearly 2002 - 2020
Turkey (%) 60.4 2020 yearly 1989 - 2020
Ukraine (%) 80.8 2020 yearly 1993 - 2020

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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) 114.436 Nov 2021 monthly Jan 2012 - Nov 2021
Tax Revenue: % of GDP (%) 20.9 Dec 2020 quarterly Mar 2012 - Dec 2020
National Government Debt (USD mn) 4,237.5 Sep 2021 monthly Dec 2010 - Sep 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 Balance: Consolidated: Deficit or Surplus (EUR) 2,780,462.450 Oct 2021 monthly Jan 2012 - Oct 2021
General Government Revenue: Consolidated (EUR) 158,634,203.050 Nov 2021 monthly Jan 2012 - Nov 2021
General Govt Expenditure: Consolidated (EUR) 157,221,317.400 Oct 2021 monthly Jan 2012 - Oct 2021
General Govt Revenue: Cons: Taxes (EUR) 100,241,778.900 Nov 2021 monthly Jan 2012 - Nov 2021
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 62,811,263.610 Nov 2021 monthly Jan 2012 - Nov 2021
General Govt Revenue: Cons: Taxes: Excises (EUR) 22,114,560.530 Nov 2021 monthly Jan 2012 - Nov 2021
General Govt Expenditure: Cons: ow Current (EUR) 136,768,553.650 Oct 2021 monthly Jan 2012 - Oct 2021
Gross General Government External Debt (EUR mn) 3,089.810 Sep 2021 monthly Dec 2010 - Sep 2021
Gross General Government Debt (EUR mn) 3,660.310 Sep 2021 monthly Dec 2010 - Sep 2021
Gross General Government Debt: Domestic (EUR mn) 570.500 Sep 2021 monthly Dec 2010 - Sep 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.330 2026 yearly 2003 - 2026
Trade Balance (USD mn) -213.6 Nov 2021 monthly Jan 2005 - Nov 2021
Total Exports (USD mn) 44.6 Nov 2021 monthly Jan 2005 - Nov 2021
Total Exports Growth (%) 3.0 Nov 2021 monthly Jan 2006 - Nov 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) 258.2 Nov 2021 monthly Jan 2005 - Nov 2021
Total Imports Growth (%) 31.5 Nov 2021 monthly Jan 2006 - Nov 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) 39,046.993 Nov 2021 monthly Jan 2005 - Nov 2021
Imports (EUR th) 226,178.021 Nov 2021 monthly Jan 2005 - Nov 2021
Exports: Machinery & Transport Equipment (EUR th) 4,909.164 Nov 2021 monthly Mar 2009 - Nov 2021
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 5,172.993 Nov 2021 monthly Mar 2009 - Nov 2021
Exports: Manufactured Goods (EUR th) 6,726.450 Nov 2021 monthly Mar 2009 - Nov 2021
Exports: Crude Materials: excl Fuels (EUR th) 12,312.506 Nov 2021 monthly Mar 2009 - Nov 2021
Exports: Food & Live Animals (EUR th) 3,517.394 Nov 2021 monthly Mar 2009 - Nov 2021
Exports: Europe: EU-28: Slovenia (EUR th) 1,503.943 Nov 2021 monthly Mar 2009 - Nov 2021
Exports: Europe: CEFTA: Serbia (EUR th) 9,192.992 Nov 2021 monthly Mar 2009 - Nov 2021
Imports: Food & Live Animals (EUR th) 42,878.357 Nov 2021 monthly Mar 2009 - Nov 2021
Imports: Machinery & Transport Equipment (EUR th) 42,212.163 Nov 2021 monthly Mar 2009 - Nov 2021
Imports: Manufactured Goods (EUR th) 40,217.397 Nov 2021 monthly Mar 2009 - Nov 2021
Imports: Miscellaneous Manufactured Goods (EUR th) 30,230.434 Nov 2021 monthly Mar 2009 - Nov 2021
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 29,116.445 Nov 2021 monthly Mar 2009 - Nov 2021
Imports: Europe: EU-28: Greece (EUR th) 14,741.082 Nov 2021 monthly Mar 2009 - Nov 2021
Imports: Europe: CEFTA: Serbia (EUR th) 42,948.287 Nov 2021 monthly Mar 2009 - Nov 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 6.3 Sep 2021 quarterly Mar 2005 - Sep 2021
Current Account Balance (USD mn) 188.2 Sep 2021 quarterly Mar 2004 - Sep 2021
Current Account Balance: % of GDP (%) 10.1 Sep 2021 quarterly Mar 2010 - Sep 2021
Foreign Direct Investment (USD mn) 179.1 Sep 2021 quarterly Mar 2005 - Sep 2021
Foreign Direct Investment: % of GDP (%) 9.6 Sep 2021 quarterly Mar 2010 - Sep 2021
Foreign Portfolio Investment (USD mn) -94.796 Sep 2021 quarterly Mar 2005 - Sep 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) 9,722.7 2020 yearly 2006 - 2020
External Debt: % of GDP (%) 203.8 2020 yearly 2006 - 2020
External Debt: Short Term (USD mn) 316.3 2020 yearly 2007 - 2020
External Debt: Short Term: % of GDP (%) 6.6 2020 yearly 2007 - 2020
Forecast: Current Account Balance (USD bn) -0.943 2026 yearly 2001 - 2026
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 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: 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
Foreign Direct Investment: Flow: Switzerland (EUR) 63,220,823.800 2020 yearly 2001 - 2020
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) 1,815.0 Nov 2021 monthly Dec 2002 - Nov 2021
Foreign Exchange Reserves: % of GDP (%) 30.975 Sep 2021 quarterly Dec 2010 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 7.0 Nov 2021 monthly Jan 2005 - Nov 2021
Gold Reserves (USD mn) 0.000 Nov 2021 monthly Dec 2002 - Nov 2021
Total Deposits (USD mn) 4,718.994 Nov 2021 monthly Jan 2003 - Nov 2021
Total Deposits Growth (%) 2.8 Mar 2021 monthly Jan 2004 - Mar 2021
Domestic Credit (USD mn) 2,898.9 Nov 2021 monthly Jan 2005 - Nov 2021
Domestic Credit Growth (%) -8.9 Nov 2021 monthly Jan 2006 - Nov 2021
Household Debt (USD mn) 1,614.7 Nov 2021 monthly Dec 2004 - Nov 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: 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
ME: Bank Liquid Reserves: to Bank Assets Ratio (%) 21.375 2020 yearly 2013 - 2020

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