Montenegro Government Debt: % of GDP
2010 - 2023 | Quarterly | % | CEIC Data
Key information about Montenegro Government Debt: % of GDP
- Montenegro Government debt accounted for 68.2 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 69.5 % in the previous quarter.
- Montenegro government debt to GDP ratio data is updated quarterly, available from Dec 2010 to Mar 2023.
- 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 4.4 USD bn in Jun 2023.
- The country's Nominal GDP reached 1.3 USD bn in Mar 2023.
View Montenegro's Government Debt: % of GDP from Dec 2010 to Mar 2023 in the chart:
What was Montenegro's Government Debt: % of GDP in Mar 2023?
Montenegro Government debt accounted for 68.2 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 69.5 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 68.2 Mar 2023 | 69.5 Dec 2022 | 40.7 Dec 2010 | 103.5 Dec 2020 | % | quarterly | Dec 2010 - Mar 2023 |
Government Debt: % of GDP by Country Comparison
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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 (%) | 60.8 Mar 2023 | quarterly | Sep 2010 - Mar 2023 |
| Algeria (%) | 62.1 2021 | yearly | 1997 - 2021 |
| Argentina (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 |
| Armenia (%) | 47.5 Jun 2023 | quarterly | Dec 2013 - Jun 2023 |
| Australia (%) | 42.3 2022 | yearly | 1999 - 2022 |
| Austria (%) | 80.6 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Azerbaijan (%) | 16.8 2021 | yearly | 2008 - 2021 |
| Bahrain (%) | 85.2 Mar 2023 | quarterly | Dec 2007 - Mar 2023 |
| Bangladesh (%) | 20.6 2022 | yearly | 2010 - 2022 |
| Belarus (%) | 36.1 Mar 2022 | quarterly | Dec 2003 - Mar 2022 |
| Belgium (%) | 107.4 Mar 2023 | quarterly | Dec 1980 - Mar 2023 |
| Bolivia (%) | 27.2 2014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (%) | 24.4 2021 | yearly | 2007 - 2021 |
| Botswana (%) | 17.9 Dec 2021 | quarterly | Jun 2014 - Dec 2021 |
| Brazil (%) | 73.6 Jun 2023 | quarterly | Dec 2006 - Jun 2023 |
| Bulgaria (%) | 23.1 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Cambodia (%) | 33.7 2022 | yearly | 2013 - 2022 |
| Canada (%) | 66.4 2023 | yearly | 1962 - 2023 |
| Chile (%) | 37.3 Mar 2023 | quarterly | Mar 2002 - Mar 2023 |
| China (%) | 21.4 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Colombia (%) | 62.9 Dec 2022 | quarterly | Dec 2005 - Dec 2022 |
| Croatia (%) | 68.8 Dec 2022 | quarterly | Dec 1995 - Dec 2022 |
| Cyprus (%) | 86.1 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
| Czech Republic (%) | 44.5 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Denmark (%) | 29.4 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Ecuador (%) | 65.1 Mar 2023 | quarterly | Dec 2005 - Mar 2023 |
| Egypt (%) | 68.6 Jun 2020 | quarterly | Jun 2006 - Jun 2020 |
| Estonia (%) | 17.2 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| European Union (%) | 83.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Finland (%) | 72.5 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| France (%) | 112.5 Mar 2023 | quarterly | Dec 1995 - Mar 2023 |
| Georgia (%) | 37.5 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Germany (%) | 65.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Ghana (%) | 70.7 2022 | yearly | 2006 - 2022 |
| Greece (%) | 168.4 Mar 2023 | quarterly | Dec 1999 - Mar 2023 |
| Hong Kong SAR, China (%) | 47.6 2022 | yearly | 2003 - 2022 |
| Hungary (%) | 71.5 Jun 2023 | quarterly | Dec 1990 - Jun 2023 |
| Iceland (%) | 68.7 2022 | yearly | 1998 - 2022 |
| India (%) | 55.7 Mar 2023 | quarterly | Mar 2012 - Mar 2023 |
| Indonesia (%) | 38.1 Jun 2023 | quarterly | Jun 2015 - Jun 2023 |
| Iran (%) | 8.8 Mar 2022 | quarterly | Mar 1998 - Mar 2022 |
| Ireland (%) | 43.6 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Israel (%) | 67.1 2021 | yearly | 1995 - 2021 |
| Italy (%) | 145.2 Jun 2023 | quarterly | Dec 1995 - Jun 2023 |
| Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 |
| Japan (%) | 224.0 Jun 2023 | quarterly | Dec 1994 - Jun 2023 |
| Jordan (%) | 90.7 Mar 2023 | quarterly | Mar 2002 - Mar 2023 |
| Kazakhstan (%) | 22.2 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Kenya (%) | 0.1 Mar 2023 | quarterly | Dec 2009 - Mar 2023 |
| South Korea (%) | 47.8 Dec 2022 | quarterly | Sep 2002 - Dec 2022 |
| Kosovo (%) | 19.9 2022 | yearly | 2009 - 2022 |
| Kuwait (%) | 3.2 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Kyrgyzstan (%) | 47.9 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
| Latvia (%) | 42.9 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Lebanon (%) | 150.6 2020 | yearly | 1998 - 2020 |
| Lithuania (%) | 38.4 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Luxembourg (%) | 28.4 Mar 2023 | quarterly | Dec 1997 - Mar 2023 |
| North Macedonia (%) | 54.0 Mar 2023 | quarterly | Dec 2009 - Mar 2023 |
| Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 |
| Malaysia (%) | 63.3 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
| Malta (%) | 52.4 Mar 2023 | quarterly | Dec 2000 - Mar 2023 |
| Mauritius (%) | 69.2 Jun 2023 | quarterly | Jun 2003 - Jun 2023 |
| Mexico (%) | 53.3 Jun 2023 | quarterly | Dec 2005 - Jun 2023 |
| Moldova (%) | 32.8 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Mongolia (%) | 59.4 Dec 2021 | quarterly | Dec 2017 - Dec 2021 |
| Montenegro (%) | 68.2 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| Morocco (%) | 71.6 2022 | yearly | 1994 - 2022 |
| Nepal (%) | 27.2 2019 | yearly | 1990 - 2019 |
| Netherlands (%) | 48.3 Mar 2023 | quarterly | Dec 1999 - Mar 2023 |
| New Zealand (%) | 37.0 Mar 2023 | quarterly | Dec 2006 - Mar 2023 |
| Nigeria (%) | 21.6 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| Norway (%) | 42.5 2021 | yearly | 1995 - 2021 |
| Oman (%) | 61.3 2021 | yearly | 1990 - 2021 |
| Pakistan (%) | 71.6 2022 | yearly | 2000 - 2022 |
| Palestinian Territory (%) | 74.3 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| Panama (%) | 62.3 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| Paraguay (%) | 33.2 Mar 2023 | quarterly | Dec 2014 - Mar 2023 |
| Peru (%) | 32.2 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Philippines (%) | 61.0 Jun 2023 | quarterly | Mar 1993 - Jun 2023 |
| Poland (%) | 48.1 Mar 2023 | quarterly | Dec 2002 - Mar 2023 |
| Portugal (%) | 111.2 Jun 2023 | quarterly | Dec 1995 - Jun 2023 |
| Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 |
| Romania (%) | 48.4 Jun 2023 | quarterly | Dec 2011 - Jun 2023 |
| Russia (%) | 16.1 Jun 2023 | quarterly | Dec 2011 - Jun 2023 |
| Saudi Arabia (%) | 24.3 Jun 2023 | quarterly | Dec 2016 - Jun 2023 |
| Serbia (%) | 56.5 Mar 2023 | quarterly | Sep 2004 - Mar 2023 |
| Singapore (%) | 171.1 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
| Slovakia (%) | 57.8 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Slovenia (%) | 69.9 Dec 2022 | quarterly | Dec 1999 - Dec 2022 |
| South Africa (%) | 72.7 Jun 2023 | quarterly | Dec 1960 - Jun 2023 |
| Spain (%) | 113.0 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Sri Lanka (%) | 103.8 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Sweden (%) | 31.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Switzerland (%) | 25.1 2026 | yearly | 1990 - 2026 |
| Taiwan (%) | 29.7 2022 | yearly | 1996 - 2022 |
| Tajikistan (%) | 36.3 2021 | yearly | 1999 - 2021 |
| Thailand (%) | 53.9 Jun 2023 | quarterly | Dec 1997 - Jun 2023 |
| Tunisia (%) | 79.7 Dec 2021 | monthly | Apr 2011 - Dec 2021 |
| Turkey (%) | 31.2 Mar 2023 | quarterly | Dec 2001 - Mar 2023 |
| Ukraine (%) | 71.6 Dec 2022 | quarterly | Dec 2010 - Dec 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.8 Mar 2023 | quarterly | Dec 2012 - Mar 2023 |
| Consolidated Fiscal Balance (USD mn) | -18.215 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| Tax Revenue (USD mn) | 158.940 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| Tax Revenue: % of GDP (%) | 22.1 Dec 2022 | quarterly | Mar 2012 - Dec 2022 |
| National Government Debt (USD mn) | 4,394.7 Jun 2023 | monthly | Dec 2010 - Jun 2023 |
| Government Debt: % of GDP (%) | 68.2 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| Forecast: Government Expenditure (EUR bn) | 3.932 2028 | yearly | 2002 - 2028 |
| Forecast: Government Net Debt (EUR bn) | 6.446 2028 | yearly | 2002 - 2028 |
| Forecast: Government Revenue (EUR bn) | 3.415 2028 | yearly | 2002 - 2028 |
| General Govt Expenditure: Cons: ow Current (EUR) | 208,102,325.430 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Expenditure: Consolidated (EUR) | 224,235,319.990 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Revenue: Cons: Taxes (EUR) | 143,616,587.010 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 92,697,116.170 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -16,458,864.520 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 34,815,701.960 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Government Revenue: Consolidated (EUR) | 207,776,455.470 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| 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 (%) | 1.534 2028 | yearly | 2003 - 2028 |
| Trade Balance (USD mn) | -324.8 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Total Exports (USD mn) | 45.4 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Total Exports Growth (%) | -7.4 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Aluminum: Exports (USD th) | 180,096.808 2022 | yearly | 2008 - 2022 |
| Exports: Medicament (USD th) | 34,801.190 2022 | yearly | 2008 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 28.151 2022 | yearly | 2008 - 2022 |
| Total Imports (USD mn) | 370.3 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Total Imports Growth (%) | 6.2 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Imports: Medicament (USD th) | 116,265.339 2022 | yearly | 2008 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 45,821.508 2022 | yearly | 2008 - 2022 |
| Total Exports to USA (USD mn) | 1.177 Jul 2023 | monthly | Jan 2010 - Jul 2023 |
| Total Imports from USA (USD mn) | 2.751 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Total Exports to China (USD mn) | 0.076 Jul 2023 | monthly | Jan 2010 - Jul 2023 |
| Total Imports from China (USD mn) | 45.221 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Exports (EUR th) | 41,054.060 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Exports: Crude Materials: excl Fuels (EUR th) | 7,422.609 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Food & Live Animals (EUR th) | 4,141.095 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Manufactured Goods (EUR th) | 8,945.643 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 8,621.655 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Machinery & Transport Equipment (EUR th) | 3,464.849 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 2,514.405 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 10,587.288 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 35,449.367 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Machinery & Transport Equipment (EUR th) | 76,817.552 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports (EUR th) | 334,560.616 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Imports: Food & Live Animals (EUR th) | 73,030.155 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Manufactured Goods (EUR th) | 47,102.764 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 44,969.856 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Europe: EU-28: Greece (EUR th) | 26,303.897 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 64,535.159 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -1.2 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Current Account Balance (USD mn) | -278.9 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Current Account Balance: % of GDP (%) | -21.4 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
| Foreign Direct Investment (USD mn) | 161.3 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Foreign Direct Investment: % of GDP (%) | 13.0 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Foreign Portfolio Investment (USD mn) | 5.858 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Foreign Portfolio Investment: % of GDP (%) | 0.6 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 161.1 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 49.201 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| 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) | -1.145 2028 | yearly | 2001 - 2028 |
| BoP: Financial Account: Change in Central Bank Reserves (EUR th) | -9,057.098 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: 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) | 3,613.400 Jun 2023 | monthly | Dec 2010 - Jun 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.6 Feb 2023 | monthly | Aug 2010 - Feb 2023 |
| Household Debt: % of GDP (%) | 26.4 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| Non-Performing Loans (USD mn) | 218.559 Nov 2022 | monthly | Dec 2010 - Nov 2022 |
| M2 Growth (%) | 22.9 2022 | yearly | 2003 - 2022 |
| Reserve Requirement Ratio (%) | 5.5 May 2023 | monthly | Jan 2002 - May 2023 |
| Foreign Exchange Reserves (USD mn) | 1,607.6 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 31.744 Dec 2022 | quarterly | Dec 2010 - Dec 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.3 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Gold Reserves (USD mn) | 0.000 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Total Deposits (USD mn) | 5,950.271 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| Total Deposits Growth (%) | 17.1 Jul 2023 | monthly | Jan 2004 - Jul 2023 |
| Domestic Credit (USD mn) | 3,647.3 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Domestic Credit Growth (%) | 9.4 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Household Debt (USD mn) | 1,791.7 Jul 2023 | monthly | Dec 2004 - Jul 2023 |
| Total Loans (USD mn) | 4,415.333 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| Total Loans Growth (%) | 12.34 Jul 2023 | monthly | Jan 2004 - Jul 2023 |
| Private Debt: % of Nominal GDP (%) | 47.60 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| 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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