Montenegro Gross Savings Rate
2010 - 2023 | Quarterly | % | CEIC Data
Key information about Montenegro Gross Savings Rate
- Montenegro Gross Savings Rate was measured at 8.8% in Jun 2023, compared with 8.8% in the previous quarter.
- Montenegro Gross Savings Rate is updated quarterly, with data available from Mar 2010 to Jun 2023, and an average rate of 8.8%.
- The data reached an all-time high of 8.8% in Sep 2019 and a record low of -17.0% in Dec 2010.
- CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. The Statistical Office of Montenegro provides Final Consumption Expenditure in EUR and Nominal GDP in EUR.
- In the latest reports, Montenegro GDP expanded 6.9% YoY in Jun 2023.
- Montenegro Nominal GDP reached 1,309.1 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 11.4% in Mar 2023.
- Montenegro GDP Per Capita reached 9,464.2 USD in Dec 2021.
View Montenegro's Gross Savings Rate from Mar 2010 to Jun 2023 in the chart:
What was Montenegro's Gross Savings Rate in Jun 2023?
Montenegro Gross Savings Rate was measured at 8.8% in Jun 2023, compared with 8.8% in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 8.8 Jun 2023 | -8.9 Mar 2023 | -17.0 Dec 2010 | 33.9 Sep 2019 | % | quarterly | Mar 2010 - Jun 2023 |
Gross Savings Rate by Country Comparison
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Includes Gross Savings Rate on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 17.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 36.2 2021 | yearly | 2000 - 2021 |
| Argentina (%) | 11.0 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Armenia (%) | 13.7 Jun 2023 | quarterly | Dec 1994 - Jun 2023 |
| Australia (%) | 29.6 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 27.4 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Azerbaijan (%) | 32.0 Jun 2023 | quarterly | Mar 2001 - Jun 2023 |
| Bahrain (%) | 34.4 2021 | yearly | 1989 - 2021 |
| Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
| Belarus (%) | 24.6 Jun 2023 | quarterly | Mar 1992 - Jun 2023 |
| Belgium (%) | 24.2 Jun 2023 | quarterly | Mar 1980 - Jun 2023 |
| Bolivia (%) | 19.2 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
| Bosnia and Herzegovina (%) | 17.5 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| Botswana (%) | 32.2 Jun 2023 | quarterly | Mar 1994 - Jun 2023 |
| Brazil (%) | 17.4 Jun 2023 | quarterly | Mar 1991 - Jun 2023 |
| Brunei (%) | 60.0 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (%) | 20.7 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Cambodia (%) | 27.2 2021 | yearly | 1993 - 2021 |
| Canada (%) | 20.0 Jun 2023 | quarterly | Mar 1961 - Jun 2023 |
| Chile (%) | 19.9 Jun 2023 | quarterly | Mar 1996 - Jun 2023 |
| China (%) | 45.9 2021 | yearly | 1952 - 2021 |
| Colombia (%) | 8.6 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Croatia (%) | 22.8 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Cyprus (%) | 21.1 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Czech Republic (%) | 31.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (%) | 33.7 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
| Ecuador (%) | 22.5 Jun 2023 | quarterly | Mar 1991 - Jun 2023 |
| Egypt (%) | 6.7 2017 | yearly | 1990 - 2017 |
| Estonia (%) | 29.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| European Union (%) | 26.7 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Finland (%) | 21.9 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
| France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
| Georgia (%) | 20.9 Jun 2023 | quarterly | Mar 1996 - Jun 2023 |
| Germany (%) | 29.6 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Ghana (%) | 15.4 2022 | yearly | 2006 - 2022 |
| Greece (%) | 8.1 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Hong Kong SAR, China (%) | 19.4 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Hungary (%) | 28.0 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Iceland (%) | 20.6 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| India (%) | 30.2 2022 | yearly | 1951 - 2022 |
| Indonesia (%) | 39.0 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
| Iran (%) | 29.9 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
| Ireland (%) | 62.1 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Israel (%) | 30.2 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Italy (%) | 20.8 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Ivory Coast (%) | 22.2 2022 | yearly | 1960 - 2022 |
| Japan (%) | 28.8 Mar 2022 | quarterly | Mar 1980 - Mar 2022 |
| Jordan (%) | -3.9 2022 | yearly | 1963 - 2022 |
| Kazakhstan (%) | 44.9 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 12.1 2022 | yearly | 2006 - 2022 |
| South Korea (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Kosovo (%) | -3.4 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Kuwait (%) | 31.1 2019 | yearly | 1970 - 2019 |
| Kyrgyzstan (%) | -4.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Laos (%) | 18.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 20.1 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Lebanon (%) | -21.7 2020 | yearly | 1990 - 2020 |
| Lithuania (%) | 19.4 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Luxembourg (%) | 52.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 16.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| North Macedonia (%) | 9.6 Jun 2023 | quarterly | Mar 2000 - Jun 2023 |
| Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
| Malaysia (%) | 26.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Malta (%) | 39.4 Jun 2023 | quarterly | Mar 1992 - Jun 2023 |
| Mauritius (%) | 20.6 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Mexico (%) | 18.5 Jun 2023 | quarterly | Mar 1993 - Jun 2023 |
| Moldova (%) | -1.3 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Mongolia (%) | 35.8 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Montenegro (%) | 8.8 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Morocco (%) | 27.2 2022 | yearly | 1975 - 2022 |
| Mozambique (%) | 8.1 2022 | yearly | 1969 - 2022 |
| Myanmar (%) | 28.7 2018 | yearly | 1996 - 2018 |
| Nepal (%) | 31.4 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 31.2 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| New Zealand (%) | 20.3 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
| Nigeria (%) | 32.7 2021 | yearly | 1981 - 2021 |
| Norway (%) | 35.9 Jun 2023 | quarterly | Mar 1978 - Jun 2023 |
| Oman (%) | 18.8 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | 6.0 2023 | yearly | 2000 - 2023 |
| Palestinian Territory (%) | 9.0 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | 35.8 2021 | yearly | 1960 - 2021 |
| Paraguay (%) | 21.3 Jun 2023 | quarterly | Mar 1994 - Jun 2023 |
| Peru (%) | 19.8 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
| Philippines (%) | 10.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (%) | 23.3 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Portugal (%) | 21.7 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Qatar (%) | 66.4 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 20.8 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Russia (%) | 31.9 Sep 2022 | quarterly | Mar 1993 - Sep 2022 |
| Saudi Arabia (%) | 38.1 Jun 2023 | quarterly | Mar 2003 - Jun 2023 |
| Serbia (%) | 14.5 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Singapore (%) | 49.2 2022 | yearly | 1960 - 2022 |
| Slovakia (%) | 18.6 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Slovenia (%) | 28.2 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| South Africa (%) | 14.8 Jun 2023 | quarterly | Mar 1960 - Jun 2023 |
| Spain (%) | 22.7 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Sri Lanka (%) | 26.1 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
| Sweden (%) | 30.6 Jun 2023 | quarterly | Mar 1980 - Jun 2023 |
| Switzerland (%) | 33.4 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.5 Jun 2023 | quarterly | Dec 2012 - Jun 2023 |
| Consolidated Fiscal Balance (USD mn) | 47.105 Aug 2023 | monthly | Jan 2012 - Aug 2023 |
| Tax Revenue (USD mn) | 167.036 Sep 2023 | monthly | Jan 2012 - Sep 2023 |
| Tax Revenue: % of GDP (%) | 26.9 Jun 2023 | quarterly | Mar 2012 - Jun 2023 |
| National Government Debt (USD mn) | 4,394.7 Jun 2023 | monthly | Dec 2010 - Jun 2023 |
| Government Debt: % of GDP (%) | 63.1 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
| Forecast: Government Expenditure (EUR bn) | 3.984 2028 | yearly | 2002 - 2028 |
| Forecast: Government Net Debt (EUR bn) | 6.698 2028 | yearly | 2002 - 2028 |
| Forecast: Government Revenue (EUR bn) | 3.392 2028 | yearly | 2002 - 2028 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 33,046,282.230 Sep 2023 | monthly | Jan 2012 - Sep 2023 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 109,706,758.490 Sep 2023 | monthly | Jan 2012 - Sep 2023 |
| General Govt Revenue: Cons: Taxes (EUR) | 156,517,964.880 Sep 2023 | monthly | Jan 2012 - Sep 2023 |
| General Government Revenue: Consolidated (EUR) | 243,958,175.400 Aug 2023 | monthly | Jan 2012 - Aug 2023 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -15,380,856.020 Sep 2023 | monthly | Jan 2012 - Sep 2023 |
| General Govt Expenditure: Cons: ow Current (EUR) | 203,896,771.810 Sep 2023 | monthly | Jan 2012 - Sep 2023 |
| General Govt Expenditure: Consolidated (EUR) | 232,070,887.380 Sep 2023 | monthly | Jan 2012 - Sep 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) | -326.1 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| Total Exports (USD mn) | 42.2 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| Total Exports Growth (%) | -21.1 Sep 2023 | monthly | Jan 2006 - Sep 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) | 368.3 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| Total Imports Growth (%) | -0.7 Sep 2023 | monthly | Jan 2006 - Sep 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) | 0.756 Sep 2023 | monthly | Jan 2010 - Sep 2023 |
| Total Imports from USA (USD mn) | 2.297 Sep 2023 | monthly | Jan 2006 - Sep 2023 |
| Total Exports to China (USD mn) | 0.064 Sep 2023 | monthly | Jan 2010 - Sep 2023 |
| Total Imports from China (USD mn) | 36.130 Sep 2023 | monthly | Jan 2006 - Sep 2023 |
| Exports (EUR th) | 39,512.254 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| Exports: Machinery & Transport Equipment (EUR th) | 2,755.089 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 9,039.979 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Exports: Food & Live Animals (EUR th) | 4,132.036 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Exports: Crude Materials: excl Fuels (EUR th) | 9,271.644 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Exports: Manufactured Goods (EUR th) | 4,621.309 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 11,608.897 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 3,055.071 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Imports: Manufactured Goods (EUR th) | 58,372.312 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Imports: Food & Live Animals (EUR th) | 63,956.749 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Imports (EUR th) | 345,099.221 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 49,978.003 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Imports: Machinery & Transport Equipment (EUR th) | 72,725.624 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 49,674.082 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 56,453.887 Sep 2023 | monthly | Mar 2009 - Sep 2023 |
| Imports: Europe: EU-28: Greece (EUR th) | 22,544.386 Sep 2023 | monthly | Mar 2009 - Sep 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 (%) | -16.4 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Foreign Direct Investment (USD mn) | 161.3 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Foreign Direct Investment: % of GDP (%) | 8.8 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Foreign Portfolio Investment (USD mn) | 5.858 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Foreign Portfolio Investment: % of GDP (%) | 0.3 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 99.3 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 61.957 Jun 2023 | quarterly | Mar 2007 - Jun 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: Current Account: Goods: Export (EUR th) | 120,372.138 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: Financial Account: Change in Central Bank Reserves (EUR th) | -9,057.098 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 (%) | 5.2 Jul 2023 | monthly | Aug 2010 - Jul 2023 |
| Household Debt: % of GDP (%) | 25.4 Jun 2023 | quarterly | Dec 2010 - Jun 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 Jul 2023 | monthly | Jan 2002 - Jul 2023 |
| Foreign Exchange Reserves (USD mn) | 1,720.0 Aug 2023 | monthly | Dec 2002 - Aug 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 24.761 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.5 Aug 2023 | monthly | Jan 2005 - Aug 2023 |
| Gold Reserves (USD mn) | 0.000 Aug 2023 | monthly | Dec 2002 - Aug 2023 |
| Total Deposits (USD mn) | 5,847.406 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Total Deposits Growth (%) | 11.2 Sep 2023 | monthly | Jan 2004 - Sep 2023 |
| Domestic Credit (USD mn) | 3,481.5 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| Domestic Credit Growth (%) | 10.4 Sep 2023 | monthly | Jan 2006 - Sep 2023 |
| Household Debt (USD mn) | 1,744.8 Sep 2023 | monthly | Dec 2004 - Sep 2023 |
| Total Loans (USD mn) | 4,227.800 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
| Total Loans Growth (%) | 8.92 Sep 2023 | monthly | Jan 2004 - Sep 2023 |
| Private Debt: % of Nominal GDP (%) | 45.79 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
| 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 |
More Indicators for Montenegro
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