Montenegro Forecast: Government Expenditure
2002 - 2025 | Yearly | EUR bn | International Monetary Fund
Montenegro Government Expenditure is forecasted to be 2.152 EUR bn in Dec 2021 as reported by International Monetary Fund. It records an increase from the last reported number of 2.163 EUR bn in Dec 2020. Looking ahead, Montenegro Government Expenditure is projected to stand at 2.454 EUR bn in Dec 2025. The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Total Expenditure.
View Montenegro's Forecast: Government Expenditure from 2002 to 2025 in the chart:
What is Montenegro's Forecast: Government Expenditure in 2025?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 2.454 2025 | 2.353 2024 | 0.503 2002 | 2.454 2025 | EUR bn | yearly | 2002 - 2025 |
Forecast: Government Expenditure by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (AFA bn) | 630.838 2025 | yearly | 2002 - 2025 |
| Albania (ALL bn) | 634.791 2025 | yearly | 1997 - 2025 |
| Algeria (DZD bn) | 9,136.314 2025 | yearly | 1990 - 2025 |
| Angola (AOA bn) | 12,409.596 2025 | yearly | 1996 - 2025 |
| Antigua and Barbuda (XCD bn) | 1.250 2025 | yearly | 1990 - 2025 |
| Argentina (ARS bn) | 11,986.088 2020 | yearly | 1993 - 2020 |
| Armenia (AMD bn) | 2,518.216 2025 | yearly | 2005 - 2025 |
| Aruba (%) | 29.141 2025 | yearly | 1995 - 2025 |
| Australia (AUD bn) | 880.783 2025 | yearly | 1988 - 2025 |
| Austria (EUR bn) | 230.832 2025 | yearly | 1988 - 2025 |
| Azerbaijan (AZN bn) | 35.666 2025 | yearly | 1994 - 2025 |
| Bahamas (BSD bn) | 3.065 2025 | yearly | 1990 - 2025 |
| Bahrain (BHD bn) | 4.492 2025 | yearly | 1990 - 2025 |
| Barbados (BBD bn) | 3.705 2025 | yearly | 1994 - 2025 |
| Belarus (BYN bn) | 69.169 2025 | yearly | 2001 - 2025 |
| Belgium (EUR bn) | 297.071 2025 | yearly | 1980 - 2025 |
| Belize (BZD bn) | 1.475 2025 | yearly | 1996 - 2025 |
| Benin (XOF bn) | 2,125.758 2025 | yearly | 1989 - 2025 |
| Bhutan (BTN bn) | 82.578 2025 | yearly | 1981 - 2025 |
| Bolivia (BOB bn) | 124.136 2025 | yearly | 1984 - 2025 |
| Bosnia and Herzegovina (BAM bn) | 18.154 2025 | yearly | 1998 - 2025 |
| Botswana (BWP bn) | 90.662 2025 | yearly | 1980 - 2025 |
| Brazil (BRL bn) | 3,468.274 2025 | yearly | 1996 - 2025 |
| Brunei (BND bn) | 6.145 2025 | yearly | 1980 - 2025 |
| Bulgaria (BGN bn) | 57.363 2025 | yearly | 1998 - 2025 |
| Burkina Faso (XOF bn) | 3,339.508 2025 | yearly | 1985 - 2025 |
| Burundi (BIF bn) | 2,058.827 2025 | yearly | 1990 - 2025 |
| Cambodia (KHR bn) | 43,722.677 2025 | yearly | 1996 - 2025 |
| Cameroon (XAF bn) | 5,045.080 2025 | yearly | 2000 - 2025 |
| Canada (CAD bn) | 1,102.276 2025 | yearly | 1980 - 2025 |
| Cape Verde (CVE bn) | 79.284 2025 | yearly | 1994 - 2025 |
| Central African Republic (XAF bn) | 363.112 2025 | yearly | 1988 - 2025 |
| Chad (XAF bn) | 1,385.658 2025 | yearly | 1995 - 2025 |
| Chile (CLP bn) | 67,307.908 2025 | yearly | 1990 - 2025 |
| China (RMB bn) | 50,816.686 2025 | yearly | 1982 - 2025 |
| Colombia (COP bn) | 411,622.144 2025 | yearly | 1982 - 2025 |
| Comoros (KMF bn) | 137.060 2025 | yearly | 1984 - 2025 |
| Congo (XAF bn) | 1,538.274 2025 | yearly | 1989 - 2025 |
| Costa Rica (CRC bn) | 8,014.742 2025 | yearly | 1990 - 2025 |
| Croatia (HRK bn) | 244.361 2025 | yearly | 1992 - 2025 |
| Cyprus (EUR bn) | 11.588 2025 | yearly | 1995 - 2025 |
| Czech Republic (CZK bn) | 3,071.866 2025 | yearly | 1995 - 2025 |
| Democratic Republic of Congo (CDF bn) | 24,696.076 2025 | yearly | 1996 - 2025 |
| Denmark (DKK bn) | 1,347.187 2025 | yearly | 1980 - 2025 |
| Djibouti (DJF bn) | 179.724 2025 | yearly | 1990 - 2025 |
| Dominica (XCD bn) | 0.549 2025 | yearly | 1990 - 2025 |
| Dominican Republic (DOP bn) | 1,093.735 2025 | yearly | 1997 - 2025 |
| Ecuador (USD bn) | 37.783 2025 | yearly | 1995 - 2025 |
| Egypt (EGP bn) | 2,649.529 2025 | yearly | 1999 - 2025 |
| El Salvador (SVC bn) | 9.145 2025 | yearly | 1990 - 2025 |
| Equatorial Guinea (XAF bn) | 1,041.516 2025 | yearly | 1980 - 2025 |
| Eritrea (ERN bn) | 14.886 2025 | yearly | 1992 - 2025 |
| Estonia (EUR bn) | 14.948 2025 | yearly | 1995 - 2025 |
| Swaziland (SZL bn) | 27.040 2025 | yearly | 1980 - 2025 |
| Ethiopia (ETB bn) | 1,333.521 2025 | yearly | 1980 - 2025 |
| Fiji (FJD bn) | 3.444 2025 | yearly | 1992 - 2025 |
| Finland (EUR bn) | 152.848 2025 | yearly | 1980 - 2025 |
| France (EUR bn) | 1,520.040 2025 | yearly | 1980 - 2025 |
| Gabon (XAF bn) | 2,199.424 2025 | yearly | 1990 - 2025 |
| Gambia (GMD bn) | 34.876 2025 | yearly | 2000 - 2025 |
| Georgia (GEL bn) | 21.121 2025 | yearly | 1995 - 2025 |
| Germany (EUR bn) | 1,839.709 2025 | yearly | 1991 - 2025 |
| Ghana (GHS bn) | 144.387 2025 | yearly | 1980 - 2025 |
| Greece (EUR bn) | 100.169 2025 | yearly | 1980 - 2025 |
| Grenada (XCD bn) | 0.848 2025 | yearly | 1990 - 2025 |
| Guatemala (GTQ bn) | 111.140 2025 | yearly | 1995 - 2025 |
| Guinea (GNF bn) | 51,618.905 2025 | yearly | 1990 - 2025 |
| Guinea-Bissau (GWP bn) | 236.988 2025 | yearly | 1991 - 2025 |
| Guyana (GYD bn) | 428.740 2025 | yearly | 1997 - 2025 |
| Haiti (HTG bn) | 429.317 2025 | yearly | 1997 - 2025 |
| Honduras (HNL bn) | 260.658 2025 | yearly | 1990 - 2025 |
| Hong Kong SAR, China (HKD bn) | 775.614 2025 | yearly | 1981 - 2025 |
| Hungary (HUF bn) | 27,983.119 2025 | yearly | 1995 - 2025 |
| Iceland (ISK bn) | 1,566.977 2025 | yearly | 1980 - 2025 |
| India (INR bn) | 95,981.513 2025 | yearly | 1988 - 2025 |
| Indonesia (IDR bn) | 3,713,195.176 2025 | yearly | 1993 - 2025 |
| Iran (IRR bn) | 22,258,118.640 2025 | yearly | 1990 - 2025 |
| Iraq (IQD bn) | 110,764.801 2025 | yearly | 2004 - 2025 |
| Ireland (EUR bn) | 106.430 2025 | yearly | 1980 - 2025 |
| Israel (ILS bn) | 667.326 2025 | yearly | 2000 - 2025 |
| Italy (EUR bn) | 953.343 2025 | yearly | 1988 - 2025 |
| Ivory Coast (XOF bn) | 9,140.432 2025 | yearly | 1997 - 2025 |
| Jamaica (JMD bn) | 869.022 2025 | yearly | 1990 - 2025 |
| Japan (JPY bn) | 215,199.177 2025 | yearly | 1980 - 2025 |
| Jordan (JOD bn) | 11.041 2025 | yearly | 1985 - 2025 |
| Kazakhstan (KZT bn) | 21,629.038 2025 | yearly | 2002 - 2025 |
| Kenya (KES bn) | 4,202.815 2025 | yearly | 1982 - 2025 |
| Kiribati (AUD bn) | 0.341 2025 | yearly | 1990 - 2025 |
| South Korea (KRW bn) | 599,692.553 2025 | yearly | 1995 - 2025 |
| Kosovo (EUR bn) | 2.569 2025 | yearly | 2000 - 2025 |
| Kuwait (KWD bn) | 23.881 2025 | yearly | 1990 - 2025 |
| Kyrgyzstan (KGS bn) | 356.836 2025 | yearly | 1995 - 2025 |
| Latvia (LVL bn) | 15.293 2025 | yearly | 1998 - 2025 |
| Lebanon (LBP bn) | 26,726.703 2020 | yearly | 1990 - 2020 |
| Lesotho (LSL bn) | 25.211 2025 | yearly | 1982 - 2025 |
| Liberia (LRD bn) | 1.129 2025 | yearly | 2000 - 2025 |
| Libya (LYD bn) | 69.612 2025 | yearly | 1990 - 2025 |
| Lithuania (LTL bn) | 21.247 2025 | yearly | 1990 - 2025 |
| Luxembourg (EUR bn) | 34.942 2025 | yearly | 1995 - 2025 |
| Macau SAR, China (MOP bn) | 151.239 2025 | yearly | 1996 - 2025 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -11.6 Sep 2020 | quarterly | Dec 2012 - Sep 2020 |
| Consolidated Fiscal Balance (USD mn) | -27.483 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| Tax Revenue (USD mn) | 107.508 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| Tax Revenue: % of GDP (%) | 19.9 Sep 2020 | quarterly | Mar 2012 - Sep 2020 |
| National Government Debt (USD mn) | 4,291.0 Sep 2020 | monthly | Dec 2010 - Sep 2020 |
| Government Debt: % of GDP (%) | 85.4 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Forecast: Government Expenditure (EUR bn) | 2.454 2025 | yearly | 2002 - 2025 |
| Forecast: Government Net Debt (EUR bn) | 4.499 2025 | yearly | 2002 - 2025 |
| Forecast: Government Revenue (EUR bn) | 2.367 2025 | yearly | 2002 - 2025 |
| General Government Revenue: Consolidated (EUR) | 182,722,164.940 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| General Govt Revenue: Cons: Taxes (EUR) | 88,352,824.490 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| General Govt Expenditure: Consolidated (EUR) | 205,308,165.970 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| General Govt Expenditure: Cons: ow Current (EUR) | 178,466,070.640 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 47,614,560.320 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 18,798,010.520 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -22,586,001.030 Dec 2020 | monthly | Jan 2012 - Dec 2020 |
| Gross General Government Debt (EUR mn) | 3,660.310 Sep 2020 | monthly | Dec 2010 - Sep 2020 |
| Gross General Government Debt: Domestic (EUR mn) | 570.500 Sep 2020 | monthly | Dec 2010 - Sep 2020 |
| Gross General Government External Debt (EUR mn) | 3,089.810 Sep 2020 | monthly | Dec 2010 - Sep 2020 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.672 2025 | yearly | 2003 - 2025 |
| Trade Balance (USD mn) | -168.8 Dec 2020 | monthly | Jan 2005 - Dec 2020 |
| Total Exports (USD mn) | 50.6 Dec 2020 | monthly | Jan 2005 - Dec 2020 |
| Total Exports Growth (%) | -1.0 Dec 2020 | monthly | Jan 2006 - Dec 2020 |
| Aluminum: Exports (USD th) | 95,025.924 2019 | yearly | 1995 - 2019 |
| Exports: Medicament (USD th) | 23,555.099 2019 | yearly | 2008 - 2019 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 92.622 2019 | yearly | 2008 - 2019 |
| Total Imports (USD mn) | 219.4 Dec 2020 | monthly | Jan 2005 - Dec 2020 |
| Total Imports Growth (%) | -16.9 Dec 2020 | monthly | Jan 2006 - Dec 2020 |
| Imports: Medicament (USD th) | 72,478.965 2019 | yearly | 2008 - 2019 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 25,841.048 2019 | yearly | 2008 - 2019 |
| Total Exports to USA (USD mn) | 0.558 Dec 2020 | monthly | Jan 2010 - Dec 2020 |
| Total Imports from USA (USD mn) | 5.556 Oct 2020 | monthly | Jan 2006 - Oct 2020 |
| Total Exports to China (USD mn) | 3.043 Dec 2020 | monthly | Jan 2010 - Dec 2020 |
| Total Imports from China (USD mn) | 23.430 Dec 2020 | monthly | Jan 2006 - Dec 2020 |
| Exports (EUR th) | 41,608.958 Dec 2020 | monthly | Jan 2005 - Dec 2020 |
| Imports (EUR th) | 180,313.641 Dec 2020 | monthly | Jan 2005 - Dec 2020 |
| Exports: Food & Live Animals (EUR th) | 2,580.909 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Exports: Crude Materials: excl Fuels (EUR th) | 7,807.595 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 8,792.466 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Exports: Manufactured Goods (EUR th) | 7,168.178 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Exports: Machinery & Transport Equipment (EUR th) | 4,327.134 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 2,820.058 Jan 2021 | monthly | Mar 2009 - Jan 2021 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 6,050.255 Jan 2021 | monthly | Mar 2009 - Jan 2021 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 21,721.369 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Imports: Food & Live Animals (EUR th) | 35,796.531 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 13,649.997 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Imports: Manufactured Goods (EUR th) | 30,177.988 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Imports: Machinery & Transport Equipment (EUR th) | 43,764.960 Dec 2020 | monthly | Mar 2009 - Dec 2020 |
| Imports: Europe: EU-28: Greece (EUR th) | 2,751.577 Jan 2021 | monthly | Mar 2009 - Jan 2021 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 20,536.881 Jan 2021 | monthly | Mar 2009 - Jan 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 7.6 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Current Account Balance (USD mn) | -271.0 Dec 2020 | quarterly | Mar 2004 - Dec 2020 |
| Current Account Balance: % of GDP (%) | -17.9 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Foreign Direct Investment (USD mn) | 153.1 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Foreign Direct Investment: % of GDP (%) | 6.6 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 48.2 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
| Foreign Portfolio Investment (USD mn) | 820.470 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Foreign Portfolio Investment: % of GDP (%) | -1.3 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 45.833 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
| External Debt (USD mn) | 8,339.4 2019 | yearly | 2006 - 2019 |
| External Debt: % of GDP (%) | 150.5 2019 | yearly | 2006 - 2019 |
| External Debt: Short Term (USD mn) | 277.2 2019 | yearly | 2007 - 2019 |
| External Debt: Short Term: % of GDP (%) | 5.0 2019 | yearly | 2007 - 2019 |
| Forecast: Current Account Balance (USD bn) | -0.636 2025 | yearly | 2001 - 2025 |
| 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: 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 |
| 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) | 9,930,593.940 2020 | yearly | 2001 - 2020 |
| Foreign Direct Investment: Flow: Switzerland (EUR) | 63,220,823.800 2020 | yearly | 2001 - 2020 |
| Foreign Direct Investment: Flow: Italy (EUR) | 45,311,055.580 2020 | yearly | 2001 - 2020 |
| Foreign Direct Investment: Flow: Russian Federation (EUR) | 98,964,516.900 2020 | yearly | 2001 - 2020 |
| Foreign Direct Investment: Flow: Serbia (EUR) | 27,876,358.180 2020 | yearly | 2002 - 2020 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Household Debt: % of GDP (%) | 32.6 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Non Performing Loans Ratio (%) | 5.7 Oct 2020 | monthly | Aug 2010 - Oct 2020 |
| Non-Performing Loans (USD mn) | 212.558 Oct 2020 | monthly | Dec 2010 - Oct 2020 |
| M2 Growth (%) | -1.7 2019 | yearly | 2003 - 2019 |
| Reserve Requirement Ratio (%) | 7.5 Feb 2021 | monthly | Jan 2002 - Feb 2021 |
| Foreign Exchange Reserves (USD mn) | 2,087.5 Dec 2020 | monthly | Dec 2002 - Dec 2020 |
| Foreign Exchange Reserves: % of GDP (%) | 24.920 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Foreign Exchange Reserves: Months of Import (NA) | 9.5 Dec 2020 | monthly | Jan 2005 - Dec 2020 |
| Gold Reserves (USD mn) | 0.000 Dec 2020 | monthly | Dec 2002 - Dec 2020 |
| Total Deposits (USD mn) | 4,097.362 Jan 2021 | monthly | Jan 2003 - Jan 2021 |
| Total Deposits Growth (%) | -2.2 Jan 2021 | monthly | Jan 2004 - Jan 2021 |
| Domestic Credit (USD mn) | 2,601.2 Jan 2021 | monthly | Jan 2005 - Jan 2021 |
| Domestic Credit Growth (%) | -12.7 Jan 2021 | monthly | Jan 2006 - Jan 2021 |
| Household Debt (USD mn) | 1,691.6 Jan 2021 | monthly | Dec 2004 - Jan 2021 |
| Total Loans (USD mn) | 3,880.392 Jan 2021 | monthly | Jan 2003 - Jan 2021 |
| Total Loans Growth (%) | 7.32 Oct 2020 | monthly | Jan 2004 - Oct 2020 |
| Private Debt: % of Nominal GDP (%) | 58.26 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| 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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