Montenegro Government Debt: % of GDP
2010 - 2020 | Quarterly | % | CEIC Data
Montenegro Government debt accounted for 85.4 % of the country's Nominal GDP in Sep 2020, compared with the ratio of 77.7 % in the previous quarter. Montenegro government debt to GDP ratio data is updated quarterly, available from Dec 2010 to Sep 2020. The data reached an all-time high of 85.4 % in Sep 2020 and a record low of 40.7 % in Dec 2010. CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.
In the latest reports, Montenegro National Government Debt reached 4.3 USD bn in Sep 2020. The country's Nominal GDP reached 1.4 USD bn in Sep 2020.
View Montenegro's Government Debt: % of GDP from Dec 2010 to Sep 2020 in the chart:
What was Montenegro's Government Debt: % of GDP in Sep 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 85.4 Sep 2020 | 77.7 Jun 2020 | 40.7 Dec 2010 | 85.4 Sep 2020 | % | quarterly | Dec 2010 - Sep 2020 |
Government Debt: % of GDP by Country Comparison
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Includes Government Debt: % of GDP on 107 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 76.2 Sep 2020 | quarterly | Sep 2010 - Sep 2020 |
| Algeria (%) | 30.7 2017 | yearly | 1997 - 2017 |
| Argentina (%) | 99.0 Sep 2020 | quarterly | Dec 2004 - Sep 2020 |
| Armenia (%) | 60.9 Sep 2020 | quarterly | Dec 2013 - Sep 2020 |
| Australia (%) | 34.7 2019 | yearly | 1999 - 2019 |
| Austria (%) | 79.1 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Azerbaijan (%) | 6.4 2010 | yearly | 2008 - 2010 |
| Bahrain (%) | 98.6 Sep 2020 | quarterly | Dec 2007 - Sep 2020 |
| Bangladesh (%) | 21.3 2020 | yearly | 2010 - 2020 |
| Belarus (%) | 22.8 Dec 2020 | quarterly | Dec 2003 - Dec 2020 |
| Belgium (%) | 113.2 Sep 2020 | quarterly | Dec 1980 - Sep 2020 |
| Bolivia (%) | 27.2 2014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (%) | 23.0 2019 | yearly | 2007 - 2019 |
| Botswana (%) | 13.9 Dec 2019 | quarterly | Jun 2014 - Dec 2019 |
| Brazil (%) | 89.3 Dec 2020 | quarterly | Dec 2006 - Dec 2020 |
| Bulgaria (%) | 25.3 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
| Cambodia (%) | 28.1 2019 | yearly | 2013 - 2019 |
| Canada (%) | 54.0 2020 | yearly | 1962 - 2020 |
| Chile (%) | 32.7 Sep 2020 | quarterly | Mar 2002 - Sep 2020 |
| China (%) | 20.6 Dec 2020 | quarterly | Mar 2014 - Dec 2020 |
| Colombia (%) | 65.7 Sep 2020 | quarterly | Dec 2005 - Sep 2020 |
| Croatia (%) | 86.4 Sep 2020 | quarterly | Dec 1995 - Sep 2020 |
| Cyprus (%) | 119.5 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Czech Republic (%) | 38.4 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Denmark (%) | 42.4 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Ecuador (%) | 57.2 Sep 2020 | quarterly | Dec 2005 - Sep 2020 |
| Egypt (%) | 66.3 Dec 2019 | quarterly | Jun 2006 - Dec 2019 |
| Estonia (%) | 18.5 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| European Union (%) | 89.8 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Finland (%) | 66.9 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| France (%) | 116.4 Sep 2020 | quarterly | Dec 1995 - Sep 2020 |
| Georgia (%) | 54.9 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
| Germany (%) | 70.0 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Ghana (%) | 63.0 2019 | yearly | 2006 - 2019 |
| Greece (%) | 199.9 Sep 2020 | quarterly | Dec 1999 - Sep 2020 |
| Hong Kong SAR, China (%) | 41.9 2020 | yearly | 2003 - 2020 |
| Hungary (%) | 72.5 Sep 2020 | quarterly | Dec 1990 - Sep 2020 |
| Iceland (%) | 68.3 2019 | yearly | 1998 - 2019 |
| India (%) | 56.2 Sep 2020 | quarterly | Mar 2012 - Sep 2020 |
| Indonesia (%) | 39.4 Dec 2020 | quarterly | Jun 2015 - Dec 2020 |
| Iran (%) | 15.8 Jun 2020 | quarterly | Mar 1998 - Jun 2020 |
| Ireland (%) | 62.0 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Israel (%) | 58.4 2019 | yearly | 1995 - 2019 |
| Italy (%) | 154.2 Sep 2020 | quarterly | Dec 1995 - Sep 2020 |
| Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 |
| Japan (%) | 224.8 Dec 2020 | quarterly | Dec 1994 - Dec 2020 |
| Jordan (%) | 85.0 Sep 2020 | quarterly | Mar 2002 - Sep 2020 |
| Kazakhstan (%) | 23.2 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
| Kenya (%) | 68.6 Sep 2020 | quarterly | Dec 2009 - Sep 2020 |
| South Korea (%) | 41.7 Sep 2020 | quarterly | Sep 2002 - Sep 2020 |
| Kosovo (%) | 17.5 2019 | yearly | 2009 - 2019 |
| Kuwait (%) | 4.2 Mar 2020 | quarterly | Dec 2010 - Mar 2020 |
| Kyrgyzstan (%) | 68.1 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Latvia (%) | 44.6 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Lebanon (%) | 171.0 2019 | yearly | 1998 - 2019 |
| Lithuania (%) | 45.9 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Luxembourg (%) | 26.1 Sep 2020 | quarterly | Dec 1997 - Sep 2020 |
| North Macedonia (%) | 52.0 Sep 2020 | quarterly | Dec 2009 - Sep 2020 |
| Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 |
| Malaysia (%) | 62.2 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Malta (%) | 53.7 Sep 2020 | quarterly | Dec 2000 - Sep 2020 |
| Mauritius (%) | 76.5 Dec 2020 | quarterly | Jun 2003 - Dec 2020 |
| Mexico (%) | 52.6 Sep 2020 | quarterly | Dec 2005 - Sep 2020 |
| Moldova (%) | 30.4 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
| Montenegro (%) | 85.4 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Morocco (%) | 65.0 2019 | yearly | 1994 - 2019 |
| Nepal (%) | 30.3 2019 | yearly | 1990 - 2019 |
| Netherlands (%) | 55.2 Sep 2020 | quarterly | Dec 1999 - Sep 2020 |
| New Zealand (%) | 33.6 Sep 2020 | quarterly | Dec 2007 - Sep 2020 |
| Nigeria (%) | 18.9 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Norway (%) | 40.2 2019 | yearly | 1995 - 2019 |
| Oman (%) | 55.8 2019 | yearly | 1990 - 2019 |
| Pakistan (%) | 83.3 2019 | yearly | 2000 - 2019 |
| Palestinian Territory (%) | 89.5 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Panama (%) | 65.1 Sep 2020 | quarterly | Dec 2007 - Sep 2020 |
| Paraguay (%) | 27.9 Sep 2020 | quarterly | Dec 2014 - Sep 2020 |
| Peru (%) | 35.0 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Philippines (%) | 54.5 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Poland (%) | 56.7 Sep 2020 | quarterly | Dec 2002 - Sep 2020 |
| Portugal (%) | 133.7 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 |
| Romania (%) | 43.1 Sep 2020 | quarterly | Dec 2011 - Sep 2020 |
| Russia (%) | 15.4 Sep 2020 | quarterly | Dec 2011 - Sep 2020 |
| Saudi Arabia (%) | 31.4 Sep 2020 | quarterly | Dec 2016 - Sep 2020 |
| Serbia (%) | 57.6 Sep 2020 | quarterly | Sep 2004 - Sep 2020 |
| Singapore (%) | 150.2 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| Slovakia (%) | 60.3 Jun 2020 | quarterly | Mar 2000 - Jun 2020 |
| Slovenia (%) | 78.5 Sep 2020 | quarterly | Dec 1999 - Sep 2020 |
| South Africa (%) | 75.2 Sep 2020 | quarterly | Dec 1960 - Sep 2020 |
| Spain (%) | 114.1 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
| Sri Lanka (%) | 98.0 Sep 2020 | quarterly | Mar 2014 - Sep 2020 |
| Sweden (%) | 37.7 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Switzerland (%) | 25.8 2018 | yearly | 1990 - 2018 |
| Taiwan (%) | 32.7 2019 | yearly | 1996 - 2019 |
| Tajikistan (%) | 44.8 2018 | yearly | 1999 - 2018 |
| Thailand (%) | 44.9 Dec 2020 | quarterly | Dec 1997 - Dec 2020 |
| Tunisia (%) | 77.1 Dec 2018 | monthly | Apr 2011 - Dec 2018 |
| Turkey (%) | 42.6 Sep 2020 | quarterly | Dec 2001 - Sep 2020 |
| Ukraine (%) | 51.8 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| United Kingdom (%) | 100.5 Sep 2020 | quarterly | Mar 1975 - Sep 2020 |
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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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