Montenegro External Debt: % of GDP

2006 - 2021 | Yearly | % | CEIC Data

Key information about Montenegro External Debt: % of GDP

  • Montenegro External Debt accounted for 180.1 % of the country's Nominal GDP in 2021, compared with the ratio of 220.6 % in the previous year.
  • Montenegro External Debt: % of Nominal GDP data is updated yearly, available from Dec 2006 to Dec 2021.
  • The data reached an all-time high of 220.6 % 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 67.9 USD mn in Sep 2022.
  • Foreign Direct Investment (FDI) increased by 257.2 USD mn in Sep 2022.
  • Montenegro Direct Investment Abroad expanded by 13.6 USD mn in Sep 2022.
  • Its Foreign Portfolio Investment fell by 9.6 USD mn in Sep 2022.
  • The country's External Debt reached 10,552.3 in Dec 2021.
  • The country's Nominal GDP was reported at 1.8 USD bn in Sep 2022.

View Montenegro's External Debt: % of GDP from 2006 to 2021 in the chart:

Montenegro External Debt: % of GDP

What was Montenegro's External Debt: % of GDP in 2021?

Montenegro External Debt accounted for 180.1 % of the country's Nominal GDP in 2021, compared with the ratio of 220.6 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
180.1 2021 220.6 2020 32.3 2006 220.6 2020 % yearly 2006 - 2021

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 109 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 63.2 2021 yearly 1991 - 2021
Algeria (%) 1.9 2021 yearly 1970 - 2021
Argentina (%) 56.6 2021 yearly 1994 - 2021
Armenia (%) 99.9 2021 yearly 2000 - 2021
Australia (%) 115.9 2022 yearly 1988 - 2022
Austria (%) 163.3 2021 yearly 1997 - 2021
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 57.7 Sep 2022 quarterly Dec 2000 - Sep 2022
Belgium (%) 258.5 2021 yearly 2007 - 2021
Bolivia (%) 38.8 2020 yearly 2006 - 2020
Bosnia and Herzegovina (%) 24.1 2021 yearly 1999 - 2021
Botswana (%) 8.0 2022 yearly 1995 - 2022
Brazil (%) 34.4 2021 yearly 1992 - 2021
Bulgaria (%) 52.0 2022 yearly 1999 - 2022
Cambodia (%) 75.1 2021 yearly 2010 - 2021
Canada (%) 135.5 2021 yearly 1990 - 2021
Chile (%) 77.4 2022 yearly 1971 - 2022
China (%) 15.4 2021 yearly 1985 - 2021
Colombia (%) 53.4 2022 yearly 1970 - 2022
Croatia (%) 77.5 2021 yearly 1998 - 2021
Cyprus (%) 699.5 2021 yearly 2004 - 2021
Czech Republic (%) 73.2 2021 yearly 1995 - 2021
Denmark (%) 151.0 2021 yearly 2005 - 2021
Ecuador (%) 54.1 2021 yearly 1970 - 2021
Egypt (%) 32.4 Sep 2022 quarterly Jun 1999 - Sep 2022
Estonia (%) 84.7 2021 yearly 1996 - 2021
European Union (%) 129.2 2021 yearly 2008 - 2021
Finland (%) 213.5 2022 yearly 1991 - 2022
France (%) 256.2 2021 yearly 2004 - 2021
Georgia (%) 117.8 2021 yearly 1999 - 2021
Germany (%) 169.4 2021 yearly 1999 - 2021
Ghana (%) 35.9 2021 yearly 1999 - 2021
Greece (%) 305.3 2021 yearly 2003 - 2021
Hong Kong SAR, China (%) 502.2 2022 yearly 2001 - 2022
Hungary (%) 157.7 2021 yearly 2006 - 2021
Iceland (%) 79.2 2022 yearly 1989 - 2022
India (%) 20.0 2022 yearly 1970 - 2022
Indonesia (%) 30.1 2022 yearly 2003 - 2022
Iran (%) 0.9 2021 yearly 1994 - 2021
Ireland (%) 559.9 2022 yearly 2002 - 2022
Israel (%) 29.3 2022 yearly 1998 - 2022
Italy (%) 137.8 2021 yearly 2002 - 2021
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 101.8 2022 yearly 2003 - 2022
Jordan (%) 85.7 2021 yearly 1970 - 2021
Kazakhstan (%) 74.7 Sep 2022 quarterly Mar 2002 - Sep 2022
Kenya (%) 34.5 2021 yearly 2006 - 2021
South Korea (%) 39.9 2022 yearly 1994 - 2022
Kosovo (%) 37.4 2021 yearly 2007 - 2021
Kuwait (%) 58.5 2020 yearly 2014 - 2020
Kyrgyzstan (%) 103.7 2021 yearly 2003 - 2021
Laos (%) 53.8 2021 yearly 1996 - 2021
Latvia (%) 100.5 Dec 2022 quarterly Mar 2000 - Dec 2022
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 77.0 2021 yearly 1996 - 2021
Luxembourg (%) 4,474.0 2022 yearly 2002 - 2022
North Macedonia (%) 81.9 2021 yearly 2004 - 2021
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 64.0 2022 yearly 2009 - 2022
Malta (%) 620.0 2021 yearly 2004 - 2021
Mauritius (%) 2,070.9 2021 yearly 2009 - 2021
Mexico (%) 47.1 2021 yearly 2002 - 2021
Moldova (%) 64.1 2021 yearly 2000 - 2021
Mongolia (%) 199.5 2022 yearly 1992 - 2022
Montenegro (%) 180.1 2021 yearly 2006 - 2021
Morocco (%) 47.0 2021 yearly 1970 - 2021
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 412.2 2021 yearly 2003 - 2021
New Zealand (%) 87.2 2021 yearly 1993 - 2021
Nigeria (%) 8.8 2021 yearly 1985 - 2021
Norway (%) 135.6 2022 yearly 2003 - 2022
Pakistan (%) 34.5 2022 yearly 2000 - 2022
Palestinian Territory (%) 11.9 2021 yearly 2012 - 2021
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 51.9 2021 yearly 2000 - 2021
Peru (%) 41.8 2022 yearly 1980 - 2022
Philippines (%) 27.0 2021 yearly 1990 - 2021
Poland (%) 56.6 2021 yearly 1995 - 2021
Portugal (%) 191.3 2021 yearly 1996 - 2021
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 49.8 2022 yearly 1995 - 2022
Russia (%) 26.2 2021 yearly 1993 - 2021
Serbia (%) 68.5 2021 yearly 2000 - 2021
Singapore (%) 419.9 2021 yearly 2003 - 2021
Slovakia (%) 135.1 2021 yearly 1995 - 2021
Slovenia (%) 87.8 2022 yearly 2001 - 2022
South Africa (%) 38.3 2021 yearly 1985 - 2021
Spain (%) 192.9 2021 yearly 1995 - 2021
Sri Lanka (%) 57.7 2020 yearly 1998 - 2020
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 172.1 2022 yearly 1997 - 2022
Switzerland (%) 295.8 2021 yearly 1999 - 2021
Taiwan (%) 26.5 2022 yearly 1999 - 2022
Tajikistan (%) 40.6 2020 yearly 2000 - 2020
Thailand (%) 37.0 Sep 2022 quarterly Mar 2005 - Sep 2022
Tunisia (%) 94.6 2021 yearly 2002 - 2021
Turkey (%) 54.2 2021 yearly 1989 - 2021

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Montenegro Key Series

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Includes 182 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 (%) -1.6 Sep 2022 quarterly Dec 2012 - Sep 2022
Consolidated Fiscal Balance (USD mn) 57.144 Jan 2023 monthly Jan 2012 - Jan 2023
Tax Revenue (USD mn) 111.531 Jan 2023 monthly Jan 2012 - Jan 2023
Tax Revenue: % of GDP (%) 22.1 Dec 2022 quarterly Mar 2012 - Dec 2022
National Government Debt (USD mn) 3,912.9 Sep 2022 monthly Dec 2010 - Sep 2022
Government Debt: % of GDP (%) 71.5 Sep 2022 quarterly Dec 2010 - Sep 2022
Forecast: Government Expenditure (EUR bn) 3.637 2027 yearly 2002 - 2027
Forecast: Government Net Debt (EUR bn) 6.439 2027 yearly 2002 - 2027
Forecast: Government Revenue (EUR bn) 3.110 2027 yearly 2002 - 2027
General Government Revenue: Consolidated (EUR) 167,764,831.400 Jan 2023 monthly Jan 2012 - Jan 2023
General Govt Revenue: Cons: Taxes (EUR) 102,838,730.770 Nov 2022 monthly Jan 2012 - Nov 2022
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 79,816,016.630 Jan 2023 monthly Jan 2012 - Jan 2023
General Govt Expenditure: Consolidated (EUR) 114,740,855.950 Jan 2023 monthly Jan 2012 - Jan 2023
General Govt Revenue: Cons: Taxes: Excises (EUR) 22,088,360.560 Dec 2022 monthly Jan 2012 - Dec 2022
General Govt Expenditure: Cons: ow Current (EUR) 114,320,653.610 Jan 2023 monthly Jan 2012 - Jan 2023
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 53,023,975.450 Jan 2023 monthly Jan 2012 - Jan 2023
Gross General Government External Debt (EUR mn) 3,632.180 Jun 2022 monthly Dec 2010 - Jun 2022
Gross General Government Debt (EUR mn) 4,064.400 Mar 2022 monthly Dec 2010 - Mar 2022
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 (%) 1.747 2027 yearly 2003 - 2027
Trade Balance (USD mn) -135.6 Jan 2023 monthly Jan 2005 - Jan 2023
Total Exports (USD mn) 93.8 Jan 2023 monthly Jan 2005 - Jan 2023
Total Exports Growth (%) 35.2 Jan 2023 monthly Jan 2006 - Jan 2023
Aluminum: Exports (USD th) 96,247.098 2021 yearly 2008 - 2021
Exports: Medicament (USD th) 26,928.286 2021 yearly 2008 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 121.396 2021 yearly 2008 - 2021
Total Imports (USD mn) 229.4 Jan 2023 monthly Jan 2005 - Jan 2023
Total Imports Growth (%) 46.3 Jan 2023 monthly Jan 2006 - Jan 2023
Imports: Medicament (USD th) 115,290.855 2021 yearly 2008 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 67,838.933 2021 yearly 2008 - 2021
Total Exports to USA (USD mn) 0.186 Jan 2023 monthly Jan 2010 - Jan 2023
Total Imports from USA (USD mn) 1.236 Jan 2023 monthly Jan 2006 - Jan 2023
Total Exports to China (USD mn) 0.004 Jan 2023 monthly Jan 2010 - Jan 2023
Total Imports from China (USD mn) 26.612 Jan 2023 monthly Jan 2006 - Jan 2023
Imports (EUR th) 212,863.281 Jan 2023 monthly Jan 2005 - Jan 2023
Exports (EUR th) 87,008.150 Jan 2023 monthly Jan 2005 - Jan 2023
Exports: Machinery & Transport Equipment (EUR th) 2,739.437 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 7,989.739 Nov 2022 monthly Mar 2009 - Nov 2022
Exports: Manufactured Goods (EUR th) 3,640.555 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Food & Live Animals (EUR th) 3,274.098 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Crude Materials: excl Fuels (EUR th) 6,123.634 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Europe: CEFTA: Serbia (EUR th) 21,197.990 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Europe: EU-28: Slovenia (EUR th) 23,287.678 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 32,113.398 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Food & Live Animals (EUR th) 40,793.385 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Machinery & Transport Equipment (EUR th) 48,370.037 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Manufactured Goods (EUR th) 38,090.060 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 19,169.812 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Europe: EU-28: Greece (EUR th) 13,798.878 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Europe: CEFTA: Serbia (EUR th) 32,077.814 Jan 2023 monthly Mar 2009 - Jan 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 24.5 Dec 2022 quarterly Mar 2005 - Dec 2022
Current Account Balance (USD mn) -291.0 Dec 2022 quarterly Mar 2004 - Dec 2022
Current Account Balance: % of GDP (%) 3.6 Sep 2022 quarterly Mar 2010 - Sep 2022
Foreign Direct Investment (USD mn) 204.7 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Direct Investment: % of GDP (%) 13.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment (USD mn) 9.389 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) -0.6 Sep 2022 quarterly Mar 2010 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 131.2 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 43.621 Dec 2022 quarterly Mar 2007 - Dec 2022
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) -1.105 2027 yearly 2001 - 2027
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: Slovenia (EUR) 10,149,239.710 2021 yearly 2001 - 2021
Foreign Direct Investment: Flow: Switzerland (EUR) 78,865,715.780 2021 yearly 2001 - 2021
Foreign Direct Investment: Flow: Russian Federation (EUR) 164,526,989.970 2021 yearly 2001 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.7 Nov 2022 monthly Aug 2010 - Nov 2022
Household Debt: % of GDP (%) 26.8 Dec 2022 quarterly Dec 2010 - Dec 2022
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) -3.7 2020 yearly 2003 - 2020
Reserve Requirement Ratio (%) 5.5 Dec 2022 monthly Jan 2002 - Dec 2022
Foreign Exchange Reserves (USD mn) 1,898.0 Jan 2023 monthly Dec 2002 - Jan 2023
Foreign Exchange Reserves: % of GDP (%) 29.147 Sep 2022 quarterly Dec 2010 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 8.3 Jan 2023 monthly Jan 2005 - Jan 2023
Gold Reserves (USD mn) 0.000 Jan 2023 monthly Dec 2002 - Jan 2023
Total Deposits (USD mn) 5,546.375 Feb 2023 monthly Jan 2003 - Feb 2023
Total Deposits Growth (%) 21.9 Feb 2023 monthly Jan 2004 - Feb 2023
Domestic Credit (USD mn) 3,523.6 Feb 2023 monthly Jan 2005 - Feb 2023
Domestic Credit Growth (%) 19.7 Feb 2023 monthly Jan 2006 - Feb 2023
Household Debt (USD mn) 1,692.4 Jan 2023 monthly Dec 2004 - Jan 2023
Total Loans (USD mn) 4,039.196 Feb 2023 monthly Jan 2003 - Feb 2023
Total Loans Growth (%) 11.69 Feb 2023 monthly Jan 2004 - Feb 2023
Private Debt: % of Nominal GDP (%) 47.95 Dec 2022 quarterly Dec 2010 - Dec 2022
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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