Montenegro Government Debt: % of GDP
2010 - 2020 | Quarterly | % | CEIC Data
Montenegro Government debt accounted for 103.3 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 85.4 % in the previous quarter. Montenegro government debt to GDP ratio data is updated quarterly, available from Dec 2010 to Dec 2020. The data reached an all-time high of 103.3 % 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 provides Government Debt in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.
In the latest reports, Montenegro National Government Debt reached 5.3 USD bn in Dec 2020. The country's Nominal GDP reached 1.4 USD bn in Dec 2020.
View Montenegro's Government Debt: % of GDP from Dec 2010 to Dec 2020 in the chart:
What was Montenegro's Government Debt: % of GDP in Dec 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 103.3 Dec 2020 | 85.4 Sep 2020 | 40.7 Dec 2010 | 103.3 Dec 2020 | % | quarterly | Dec 2010 - Dec 2020 |
Government Debt: % of GDP by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 73.1 Dec 2020 | quarterly | Sep 2010 - Dec 2020 |
| Algeria (%) | 36.3 2018 | yearly | 1997 - 2018 |
| Argentina (%) | 102.5 Dec 2020 | quarterly | Dec 2004 - Dec 2020 |
| Armenia (%) | 67.3 Dec 2020 | quarterly | Dec 2013 - Dec 2020 |
| Australia (%) | 43.2 2020 | yearly | 1999 - 2020 |
| Austria (%) | 83.9 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Azerbaijan (%) | 6.4 2010 | yearly | 2008 - 2010 |
| Bahrain (%) | 100.7 Dec 2020 | quarterly | Dec 2007 - Dec 2020 |
| Bangladesh (%) | 21.3 2020 | yearly | 2010 - 2020 |
| Belarus (%) | 39.3 Mar 2021 | quarterly | Dec 2003 - Mar 2021 |
| Belgium (%) | 114.1 Dec 2020 | quarterly | Dec 1980 - Dec 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 (%) | 89.1 Mar 2021 | quarterly | Dec 2006 - Mar 2021 |
| Bulgaria (%) | 25.3 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
| Cambodia (%) | 28.1 2019 | yearly | 2013 - 2019 |
| Canada (%) | 72.1 2021 | yearly | 1962 - 2021 |
| Chile (%) | 34.8 Dec 2020 | quarterly | Mar 2002 - Dec 2020 |
| China (%) | 20.6 Dec 2020 | quarterly | Mar 2014 - Dec 2020 |
| Colombia (%) | 65.0 Dec 2020 | quarterly | Dec 2005 - Dec 2020 |
| Croatia (%) | 89.1 Dec 2020 | quarterly | Dec 1995 - Dec 2020 |
| Cyprus (%) | 119.1 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Czech Republic (%) | 38.1 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Denmark (%) | 42.2 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Ecuador (%) | 63.9 Dec 2020 | quarterly | Dec 2005 - Dec 2020 |
| Egypt (%) | 68.6 Jun 2020 | quarterly | Jun 2006 - Jun 2020 |
| Estonia (%) | 18.2 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| European Union (%) | 90.8 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Finland (%) | 69.2 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| France (%) | 115.7 Dec 2020 | quarterly | Dec 1995 - Dec 2020 |
| Georgia (%) | 59.9 Dec 2020 | quarterly | Mar 2006 - Dec 2020 |
| Germany (%) | 69.7 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Ghana (%) | 76.1 2020 | yearly | 2006 - 2020 |
| Greece (%) | 205.6 Dec 2020 | quarterly | Dec 1999 - Dec 2020 |
| Hong Kong SAR, China (%) | 42.2 2020 | yearly | 2003 - 2020 |
| Hungary (%) | 78.5 Dec 2020 | quarterly | Dec 1990 - Dec 2020 |
| Iceland (%) | 68.3 2019 | yearly | 1998 - 2019 |
| India (%) | 56.6 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Indonesia (%) | 39.4 Dec 2020 | quarterly | Jun 2015 - Dec 2020 |
| Iran (%) | 16.5 Sep 2020 | quarterly | Mar 1998 - Sep 2020 |
| Ireland (%) | 59.5 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Israel (%) | 71.1 2020 | yearly | 1995 - 2020 |
| Italy (%) | 155.8 Dec 2020 | quarterly | Dec 1995 - Dec 2020 |
| Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 |
| Japan (%) | 224.9 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 (%) | 42.3 Dec 2020 | quarterly | Sep 2002 - Dec 2020 |
| Kosovo (%) | 21.8 2020 | yearly | 2009 - 2020 |
| Kuwait (%) | 3.2 Sep 2020 | quarterly | Dec 2010 - Sep 2020 |
| Kyrgyzstan (%) | 68.1 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Latvia (%) | 44.7 Sep 2020 | quarterly | Mar 2000 - Sep 2020 |
| Lebanon (%) | 171.0 2019 | yearly | 1998 - 2019 |
| Lithuania (%) | 47.1 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Luxembourg (%) | 26.1 Sep 2020 | quarterly | Dec 1997 - Sep 2020 |
| North Macedonia (%) | 51.3 Dec 2020 | quarterly | Dec 2009 - Dec 2020 |
| Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 |
| Malaysia (%) | 62.2 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Malta (%) | 54.3 Dec 2020 | quarterly | Dec 2000 - Dec 2020 |
| Mauritius (%) | 76.5 Dec 2020 | quarterly | Jun 2003 - Dec 2020 |
| Mexico (%) | 57.6 Dec 2020 | quarterly | Dec 2005 - Dec 2020 |
| Moldova (%) | 32.9 Dec 2020 | quarterly | Mar 2007 - Dec 2020 |
| Montenegro (%) | 103.3 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Morocco (%) | 76.4 2020 | yearly | 1994 - 2020 |
| Nepal (%) | 27.2 2019 | yearly | 1990 - 2019 |
| Netherlands (%) | 54.5 Dec 2020 | quarterly | Dec 1999 - Dec 2020 |
| New Zealand (%) | 33.6 Sep 2020 | quarterly | Dec 2007 - Sep 2020 |
| Nigeria (%) | 18.8 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Norway (%) | 46.0 2020 | yearly | 1995 - 2020 |
| Oman (%) | 55.8 2019 | yearly | 1990 - 2019 |
| Pakistan (%) | 84.1 2020 | yearly | 2000 - 2020 |
| Palestinian Territory (%) | 89.7 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Panama (%) | 69.8 Dec 2020 | quarterly | Dec 2007 - Dec 2020 |
| Paraguay (%) | 30.9 Dec 2020 | quarterly | Dec 2014 - Dec 2020 |
| Peru (%) | 35.0 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Philippines (%) | 54.6 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Poland (%) | 57.5 Dec 2020 | quarterly | Dec 2002 - Dec 2020 |
| Portugal (%) | 137.3 Mar 2021 | quarterly | Mar 2000 - Mar 2021 |
| Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 |
| Romania (%) | 47.2 Dec 2020 | quarterly | Dec 2011 - Dec 2020 |
| Russia (%) | 17.7 Dec 2020 | quarterly | Dec 2011 - Dec 2020 |
| Saudi Arabia (%) | 32.5 Dec 2020 | quarterly | Dec 2016 - Dec 2020 |
| Serbia (%) | 57.4 Dec 2020 | quarterly | Sep 2004 - Dec 2020 |
| Singapore (%) | 150.2 Dec 2020 | quarterly | Mar 1990 - Dec 2020 |
| Slovakia (%) | 60.0 Jun 2020 | quarterly | Mar 2000 - Jun 2020 |
| Slovenia (%) | 80.8 Dec 2020 | quarterly | Dec 1999 - Dec 2020 |
| South Africa (%) | 77.1 Dec 2020 | quarterly | Dec 1960 - Dec 2020 |
| Spain (%) | 125.3 Mar 2021 | quarterly | Mar 1995 - Mar 2021 |
| Sri Lanka (%) | 101.0 Dec 2020 | quarterly | Mar 2014 - Dec 2020 |
| Sweden (%) | 40.8 Dec 2020 | quarterly | Mar 2000 - Dec 2020 |
| Switzerland (%) | 25.8 2018 | yearly | 1990 - 2018 |
| Taiwan (%) | 32.7 2020 | yearly | 1996 - 2020 |
| Tajikistan (%) | 45.5 2020 | yearly | 1999 - 2020 |
| Thailand (%) | 44.9 Dec 2020 | quarterly | Dec 1997 - Dec 2020 |
| Tunisia (%) | 77.1 Dec 2018 | monthly | Apr 2011 - Dec 2018 |
| Turkey (%) | 39.5 Dec 2020 | quarterly | Dec 2001 - Dec 2020 |
| Ukraine (%) | 53.9 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| United Kingdom (%) | 104.5 Dec 2020 | quarterly | Mar 1975 - Dec 2020 |
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| 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) | 101.118 May 2021 | monthly | Jan 2012 - May 2021 |
| Tax Revenue: % of GDP (%) | 20.9 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| National Government Debt (USD mn) | 4,811.6 Mar 2021 | monthly | Dec 2010 - Mar 2021 |
| Government Debt: % of GDP (%) | 103.3 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Forecast: Government Expenditure (EUR bn) | 2.503 2026 | yearly | 2002 - 2026 |
| Forecast: Government Net Debt (EUR bn) | 4.656 2026 | yearly | 2002 - 2026 |
| Forecast: Government Revenue (EUR bn) | 2.469 2026 | yearly | 2002 - 2026 |
| General Govt Revenue: Cons: Taxes (EUR) | 83,251,772.960 May 2021 | monthly | Jan 2012 - May 2021 |
| General Government Revenue: Consolidated (EUR) | 136,077,973.880 May 2021 | monthly | Jan 2012 - May 2021 |
| General Govt Expenditure: Consolidated (EUR) | 156,171,645.390 May 2021 | monthly | Jan 2012 - May 2021 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 18,572,804.940 May 2021 | monthly | Jan 2012 - May 2021 |
| General Govt Expenditure: Cons: ow Current (EUR) | 149,679,975.580 May 2021 | monthly | Jan 2012 - May 2021 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 46,983,393.620 May 2021 | monthly | Jan 2012 - May 2021 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -20,093,671.510 May 2021 | monthly | Jan 2012 - May 2021 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.732 2026 | yearly | 2003 - 2026 |
| Trade Balance (USD mn) | -211.9 May 2021 | monthly | Jan 2005 - May 2021 |
| Total Exports (USD mn) | 37.3 May 2021 | monthly | Jan 2005 - May 2021 |
| Total Exports Growth (%) | 63.4 May 2021 | monthly | Jan 2006 - May 2021 |
| Aluminum: Exports (USD th) | 64,427.185 2020 | yearly | 1995 - 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) | 228.5 Apr 2021 | monthly | Jan 2005 - Apr 2021 |
| Total Imports Growth (%) | -9.7 Mar 2021 | monthly | Jan 2006 - Mar 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) | 30,701.582 May 2021 | monthly | Jan 2005 - May 2021 |
| Exports: Machinery & Transport Equipment (EUR th) | 3,650.342 May 2021 | monthly | Mar 2009 - May 2021 |
| Exports: Food & Live Animals (EUR th) | 1,815.028 May 2021 | monthly | Mar 2009 - May 2021 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 2,697.488 May 2021 | monthly | Mar 2009 - May 2021 |
| Exports: Crude Materials: excl Fuels (EUR th) | 8,117.976 May 2021 | monthly | Mar 2009 - May 2021 |
| Exports: Manufactured Goods (EUR th) | 8,469.268 May 2021 | monthly | Mar 2009 - May 2021 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 475.682 May 2021 | monthly | Mar 2009 - May 2021 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 7,520.978 May 2021 | monthly | Mar 2009 - May 2021 |
| Imports: Food & Live Animals (EUR th) | 36,364.020 May 2021 | monthly | Mar 2009 - May 2021 |
| Imports (EUR th) | 205,135.785 May 2021 | monthly | Jan 2005 - May 2021 |
| Imports: Manufactured Goods (EUR th) | 34,621.262 May 2021 | monthly | Mar 2009 - May 2021 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 20,449.993 May 2021 | monthly | Mar 2009 - May 2021 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 28,894.107 May 2021 | monthly | Mar 2009 - May 2021 |
| Imports: Machinery & Transport Equipment (EUR th) | 52,653.582 May 2021 | monthly | Mar 2009 - May 2021 |
| Imports: Europe: EU-28: Greece (EUR th) | 11,640.272 May 2021 | monthly | Mar 2009 - May 2021 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 38,691.670 May 2021 | monthly | Mar 2009 - May 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 4.0 Mar 2021 | quarterly | Mar 2005 - Mar 2021 |
| Current Account Balance (USD mn) | -193.4 Mar 2021 | quarterly | Mar 2004 - Mar 2021 |
| Current Account Balance: % of GDP (%) | -18.5 Mar 2021 | quarterly | Mar 2010 - Mar 2021 |
| Foreign Direct Investment (USD mn) | 104.8 Mar 2021 | quarterly | Mar 2005 - Mar 2021 |
| Foreign Direct Investment: % of GDP (%) | 10.1 Mar 2021 | quarterly | Mar 2010 - Mar 2021 |
| Foreign Portfolio Investment (USD mn) | -277.072 Mar 2021 | quarterly | Mar 2005 - Mar 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) | 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) | -0.684 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: Financial Account: Change in Central Bank Reserves (EUR th) | -9,057.098 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 |
| Gross General Government External Debt (EUR mn) | 3,642.680 Mar 2021 | monthly | Dec 2010 - Mar 2021 |
| 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) | 1,545.7 May 2021 | monthly | Dec 2002 - May 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 43.431 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Foreign Exchange Reserves: Months of Import (NA) | 6.9 Apr 2021 | monthly | Jan 2005 - Apr 2021 |
| Gold Reserves (USD mn) | 0.000 May 2021 | monthly | Dec 2002 - May 2021 |
| Total Deposits (USD mn) | 4,383.999 May 2021 | monthly | Jan 2003 - May 2021 |
| Total Deposits Growth (%) | 2.8 Mar 2021 | monthly | Jan 2004 - Mar 2021 |
| Domestic Credit (USD mn) | 3,158.6 May 2021 | monthly | Jan 2005 - May 2021 |
| Domestic Credit Growth (%) | -0.4 May 2021 | monthly | Jan 2006 - May 2021 |
| Household Debt (USD mn) | 1,712.6 May 2021 | monthly | Dec 2004 - May 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 (%) | 21.404 2020 | yearly | 2018 - 2020 |
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