Montenegro Government Debt: % of GDP

2010 - 2022 | Quarterly | % | CEIC Data

Key information about Montenegro Government Debt: % of GDP

  • Montenegro Government debt accounted for 79.6 % of the country's Nominal GDP in Mar 2022, compared with the ratio of 82.5 % in the previous quarter.
  • Montenegro government debt to GDP ratio data is updated quarterly, available from Dec 2010 to Mar 2022.
  • The data reached an all-time high of 103.5 % in Dec 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 and Social Welfare provides Government Debt in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.


Related information about Montenegro Government Debt: % of GDP

  • In the latest reports, Montenegro National Government Debt reached 4.5 USD bn in Mar 2022.
  • The country's Nominal GDP reached 1.5 USD bn in Jun 2022.

View Montenegro's Government Debt: % of GDP from Dec 2010 to Mar 2022 in the chart:

Montenegro Government Debt: % of GDP

What was Montenegro's Government Debt: % of GDP in Mar 2022?

Montenegro Government debt accounted for 79.6 % of the country's Nominal GDP in Mar 2022, compared with the ratio of 82.5 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
79.6 Mar 2022 82.5 Dec 2021 40.7 Dec 2010 103.5 Dec 2020 % quarterly Dec 2010 - Mar 2022

Government Debt: % of GDP by Country Comparison

Buy Selected Data

Includes Government Debt: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 65.6 Jun 2022 quarterly Sep 2010 - Jun 2022
Algeria (%) 36.4 2018 yearly 1997 - 2018
Argentina (%) 75.7 Jun 2022 quarterly Dec 2004 - Jun 2022
Armenia (%) 54.0 Jun 2022 quarterly Dec 2013 - Jun 2022
Australia (%) 48.0 2021 yearly 1999 - 2021
Austria (%) 82.7 Jun 2022 quarterly Mar 2000 - Jun 2022
Azerbaijan (%) 6.4 2010 yearly 2008 - 2010
Bahrain (%) 90.6 Jun 2022 quarterly Dec 2007 - Jun 2022
Bangladesh (%) 20.8 2022 yearly 2010 - 2022
Belarus (%) 36.7 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.3 Jun 2022 quarterly Dec 1980 - Jun 2022
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 24.4 2021 yearly 2007 - 2021
Botswana (%) 19.1 Dec 2021 quarterly Jun 2014 - Dec 2021
Brazil (%) 77.1 Sep 2022 quarterly Dec 2006 - Sep 2022
Bulgaria (%) 22.0 Mar 2022 quarterly Mar 2007 - Mar 2022
Cambodia (%) 35.2 2021 yearly 2013 - 2021
Canada (%) 71.8 2022 yearly 1962 - 2022
Chile (%) 35.4 Jun 2022 quarterly Mar 2002 - Jun 2022
China (%) 20.3 Jun 2022 quarterly Mar 2014 - Jun 2022
Colombia (%) 63.2 Mar 2022 quarterly Dec 2005 - Mar 2022
Croatia (%) 73.1 Jun 2022 quarterly Dec 1995 - Jun 2022
Cyprus (%) 91.5 Sep 2022 quarterly Dec 2010 - Sep 2022
Czech Republic (%) 43.5 Jun 2022 quarterly Mar 2000 - Jun 2022
Denmark (%) 31.7 Jun 2022 quarterly Mar 2000 - Jun 2022
Ecuador (%) 61.9 Jun 2021 quarterly Dec 2005 - Jun 2021
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 16.7 Jun 2022 quarterly Mar 2000 - Jun 2022
European Union (%) 86.4 Jun 2022 quarterly Mar 2000 - Jun 2022
Finland (%) 71.6 Jun 2022 quarterly Mar 2000 - Jun 2022
France (%) 113.3 Jun 2022 quarterly Dec 1995 - Jun 2022
Georgia (%) 43.2 Jun 2022 quarterly Mar 2006 - Jun 2022
Germany (%) 67.2 Jun 2022 quarterly Mar 2000 - Jun 2022
Ghana (%) 80.1 2021 yearly 2006 - 2021
Greece (%) 182.1 Jun 2022 quarterly Dec 1999 - Jun 2022
Hong Kong SAR, China (%) 46.1 2021 yearly 2003 - 2021
Hungary (%) 73.5 Sep 2022 quarterly Dec 1990 - Sep 2022
Iceland (%) 74.6 2021 yearly 1998 - 2021
India (%) 56.3 Jun 2022 quarterly Mar 2012 - Jun 2022
Indonesia (%) 39.0 Sep 2022 quarterly Jun 2015 - Sep 2022
Iran (%) 8.8 Mar 2022 quarterly Mar 1998 - Mar 2022
Ireland (%) 51.2 Jun 2022 quarterly Mar 2000 - Jun 2022
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 147.1 Sep 2022 quarterly Dec 1995 - Sep 2022
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 229.7 Sep 2022 quarterly Dec 1994 - Sep 2022
Jordan (%) 87.8 Jun 2022 quarterly Mar 2002 - Jun 2022
Kazakhstan (%) 23.1 Jun 2022 quarterly Mar 2005 - Jun 2022
Kenya (%) 67.4 Jun 2022 quarterly Dec 2009 - Jun 2022
South Korea (%) 47.4 Jun 2022 quarterly Sep 2002 - Jun 2022
Kosovo (%) 23.3 2021 yearly 2009 - 2021
Kuwait (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Kyrgyzstan (%) 50.9 Sep 2022 quarterly Mar 2011 - Sep 2022
Latvia (%) 41.6 Jun 2022 quarterly Mar 2000 - Jun 2022
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 39.6 Jun 2022 quarterly Mar 2000 - Jun 2022
Luxembourg (%) 25.4 Jun 2022 quarterly Dec 1997 - Jun 2022
North Macedonia (%) 52.5 Sep 2022 quarterly Dec 2009 - Sep 2022
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 61.6 Sep 2022 quarterly Dec 2010 - Sep 2022
Malta (%) 55.1 Jun 2022 quarterly Dec 2000 - Jun 2022
Mauritius (%) 74.4 Sep 2022 quarterly Jun 2003 - Sep 2022
Mexico (%) 51.9 Sep 2022 quarterly Dec 2005 - Sep 2022
Moldova (%) 30.6 Jun 2022 quarterly Mar 2007 - Jun 2022
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 79.6 Mar 2022 quarterly Dec 2010 - Mar 2022
Morocco (%) 68.9 2021 yearly 1994 - 2021
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 50.9 Jun 2022 quarterly Dec 1999 - Jun 2022
New Zealand (%) 33.1 Jun 2022 quarterly Dec 2006 - Jun 2022
Nigeria (%) 20.3 Jun 2022 quarterly Dec 2010 - Jun 2022
Norway (%) 42.5 2021 yearly 1995 - 2021
Oman (%) 63.1 2020 yearly 1990 - 2020
Pakistan (%) 69.1 2021 yearly 2000 - 2021
Palestinian Territory (%) 74.1 Jun 2022 quarterly Dec 2010 - Jun 2022
Panama (%) 63.5 Jun 2022 quarterly Dec 2007 - Jun 2022
Paraguay (%) 31.6 Jun 2022 quarterly Dec 2014 - Jun 2022
Peru (%) 34.4 Sep 2022 quarterly Mar 1999 - Sep 2022
Philippines (%) 63.7 Sep 2022 quarterly Mar 1993 - Sep 2022
Poland (%) 51.5 Jun 2022 quarterly Dec 2002 - Jun 2022
Portugal (%) 120.5 Sep 2022 quarterly Dec 1995 - Sep 2022
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.3 Jun 2022 quarterly Dec 2011 - Jun 2022
Russia (%) 13.8 Jun 2022 quarterly Dec 2011 - Jun 2022
Saudi Arabia (%) 26.4 Jun 2022 quarterly Dec 2016 - Jun 2022
Serbia (%) 55.3 Jun 2022 quarterly Sep 2004 - Jun 2022
Singapore (%) 184.9 Sep 2022 quarterly Mar 1990 - Sep 2022
Slovakia (%) 60.3 Jun 2022 quarterly Mar 2000 - Jun 2022
Slovenia (%) 73.5 Jun 2022 quarterly Dec 1999 - Jun 2022
South Africa (%) 70.1 Jun 2022 quarterly Dec 1960 - Jun 2022
Spain (%) 116.1 Jun 2022 quarterly Mar 1995 - Jun 2022
Sri Lanka (%) 122.4 Jun 2022 quarterly Mar 2014 - Jun 2022
Sweden (%) 32.6 Jun 2022 quarterly Mar 2000 - Jun 2022
Switzerland (%) 24.7 2025 yearly 1990 - 2025
Taiwan (%) 30.1 2021 yearly 1996 - 2021
Tajikistan (%) 39.2 2020 yearly 1999 - 2020
Thailand (%) 53.4 Sep 2022 quarterly Dec 1997 - Sep 2022
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 39.3 Jun 2022 quarterly Dec 2001 - Jun 2022
Ukraine (%) 43.3 Dec 2021 quarterly Dec 2010 - Dec 2021

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Montenegro Key Series

Buy Selected Data

Includes 176 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 (%) 0.3 Jun 2022 quarterly Dec 2012 - Jun 2022
Consolidated Fiscal Balance (USD mn) -26.265 Sep 2022 monthly Jan 2012 - Sep 2022
Tax Revenue (USD mn) 120.036 Sep 2022 monthly Jan 2012 - Sep 2022
Tax Revenue: % of GDP (%) 25.9 Jun 2022 quarterly Mar 2012 - Jun 2022
National Government Debt (USD mn) 4,202.9 Jun 2022 monthly Dec 2010 - Jun 2022
Government Debt: % of GDP (%) 79.6 Mar 2022 quarterly Dec 2010 - Mar 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 Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 84,609,670.860 Sep 2022 monthly Jan 2012 - Sep 2022
General Govt Revenue: Cons: Taxes: Excises (EUR) 23,606,498.560 Sep 2022 monthly Jan 2012 - Sep 2022
General Govt Expenditure: Cons: ow Current (EUR) 186,015,530.820 Sep 2022 monthly Jan 2012 - Sep 2022
General Govt Revenue: Cons: Taxes (EUR) 121,261,181.340 Sep 2022 monthly Jan 2012 - Sep 2022
General Government Revenue: Consolidated (EUR) 175,603,806.030 Sep 2022 monthly Jan 2012 - Sep 2022
General Govt Expenditure: Consolidated (EUR) 202,137,009.990 Sep 2022 monthly Jan 2012 - Sep 2022
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -26,533,203.960 Sep 2022 monthly Jan 2012 - Sep 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
Gross General Government External Debt (EUR mn) 3,632.180 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) -245.2 Oct 2022 monthly Jan 2005 - Oct 2022
Total Exports (USD mn) 55.5 Oct 2022 monthly Jan 2005 - Oct 2022
Total Exports Growth (%) 51.1 Oct 2022 monthly Jan 2006 - Oct 2022
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) 344.1 Sep 2022 monthly Jan 2005 - Sep 2022
Total Imports Growth (%) 43.2 Oct 2022 monthly Jan 2006 - Oct 2022
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) 0.195 Sep 2022 monthly Jan 2010 - Sep 2022
Total Imports from USA (USD mn) 1.875 Oct 2022 monthly Jan 2006 - Oct 2022
Total Exports to China (USD mn) 0.294 Oct 2022 monthly Jan 2010 - Oct 2022
Total Imports from China (USD mn) 31.069 Oct 2022 monthly Jan 2006 - Oct 2022
Exports (EUR th) 50,096.674 Sep 2022 monthly Jan 2005 - Sep 2022
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 14,124.663 Sep 2022 monthly Mar 2009 - Sep 2022
Exports: Machinery & Transport Equipment (EUR th) 3,633.370 Sep 2022 monthly Mar 2009 - Sep 2022
Exports: Manufactured Goods (EUR th) 11,589.591 Sep 2022 monthly Mar 2009 - Sep 2022
Exports: Food & Live Animals (EUR th) 4,081.261 Oct 2022 monthly Mar 2009 - Oct 2022
Exports: Crude Materials: excl Fuels (EUR th) 7,520.076 Oct 2022 monthly Mar 2009 - Oct 2022
Exports: Europe: EU-28: Slovenia (EUR th) 3,859.228 Sep 2022 monthly Mar 2009 - Sep 2022
Exports: Europe: CEFTA: Serbia (EUR th) 11,887.840 Oct 2022 monthly Mar 2009 - Oct 2022
Imports (EUR th) 305,242.964 Oct 2022 monthly Jan 2005 - Oct 2022
Imports: Manufactured Goods (EUR th) 46,405.865 Oct 2022 monthly Mar 2009 - Oct 2022
Imports: Food & Live Animals (EUR th) 55,990.054 Sep 2022 monthly Mar 2009 - Sep 2022
Imports: Miscellaneous Manufactured Goods (EUR th) 39,662.659 Oct 2022 monthly Mar 2009 - Oct 2022
Imports: Machinery & Transport Equipment (EUR th) 62,607.706 Oct 2022 monthly Mar 2009 - Oct 2022
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 83,116.748 Sep 2022 monthly Mar 2009 - Sep 2022
Imports: Europe: CEFTA: Serbia (EUR th) 55,932.843 Oct 2022 monthly Mar 2009 - Oct 2022
Imports: Europe: EU-28: Greece (EUR th) 25,799.979 Oct 2022 monthly Mar 2009 - Oct 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 13.6 Sep 2022 quarterly Mar 2005 - Sep 2022
Current Account Balance (USD mn) 67.9 Sep 2022 quarterly Mar 2004 - Sep 2022
Current Account Balance: % of GDP (%) -25.8 Jun 2022 quarterly Mar 2010 - Jun 2022
Foreign Direct Investment (USD mn) 257.2 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Direct Investment: % of GDP (%) 14.5 Jun 2022 quarterly Mar 2010 - Jun 2022
Foreign Portfolio Investment (USD mn) -9.597 Sep 2022 quarterly Mar 2005 - Sep 2022
Foreign Portfolio Investment: % of GDP (%) -1.0 Jun 2022 quarterly Mar 2010 - Jun 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 148.8 Jun 2022 quarterly Mar 2007 - Jun 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 65.631 Jun 2022 quarterly Mar 2007 - Jun 2022
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) -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: Russian Federation (EUR) 164,526,989.970 2021 yearly 2001 - 2021
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
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.9 Sep 2022 monthly Aug 2010 - Sep 2022
Household Debt: % of GDP (%) 28.2 Jun 2022 quarterly Dec 2010 - Jun 2022
Non-Performing Loans (USD mn) 210.824 Sep 2022 monthly Dec 2010 - Sep 2022
M2 Growth (%) -3.7 2020 yearly 2003 - 2020
Reserve Requirement Ratio (%) 5.5 Oct 2022 monthly Jan 2002 - Oct 2022
Foreign Exchange Reserves (USD mn) 1,752.1 Sep 2022 monthly Dec 2002 - Sep 2022
Foreign Exchange Reserves: % of GDP (%) 26.758 Jun 2022 quarterly Dec 2010 - Jun 2022
Foreign Exchange Reserves: Months of Import (NA) 6.1 Oct 2022 monthly Jan 2005 - Oct 2022
Gold Reserves (USD mn) 0.000 Oct 2022 monthly Dec 2002 - Oct 2022
Total Deposits (USD mn) 4,945.686 Oct 2022 monthly Jan 2003 - Oct 2022
Total Deposits Growth (%) 23.2 Oct 2022 monthly Jan 2004 - Oct 2022
Domestic Credit (USD mn) 2,986.1 Oct 2022 monthly Jan 2005 - Oct 2022
Domestic Credit Growth (%) 21.4 Oct 2022 monthly Jan 2006 - Oct 2022
Household Debt (USD mn) 1,518.1 Oct 2022 monthly Dec 2004 - Oct 2022
Total Loans (USD mn) 3,587.655 Sep 2022 monthly Jan 2003 - Sep 2022
Total Loans Growth (%) 5.60 Oct 2022 monthly Jan 2004 - Oct 2022
Private Debt: % of Nominal GDP (%) 52.10 Jun 2022 quarterly Dec 2010 - Jun 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

More Indicators for Montenegro

Check out our pricing options.

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

View pricing options

CEIC Flex

from $49

Entry level access to the CEIC platform for individual users. Download limits apply. Payable monthly by credit card.

View this option

CEIC Unlimited

Request a Demo

Full and unlimited access to CEIC data for multiple users. Suitable for enterprise usage. Available via annual subscription to one or more of CEIC’s global and premium databases.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data