Montenegro Household Debt: % of GDP

2007 - 2026 | Quarterly | % | CEIC Data

Key information about Montenegro Household Debt: % of GDP

  • Montenegro household debt accounted for 30.0 % of the country's Nominal GDP in Mar 2026, compared with the ratio of 29.2 % in the previous quarter.
  • Montenegro household debt to GDP ratio is updated quarterly, available from Mar 2007 to Mar 2026.
  • The data reached an all-time high of 34.8 % in Sep 2008 and a record low of 18.4 % in Mar 2007.

CEIC calculates quarterly Household Debt as % of GDP from monthly Household Debt and quarterly Nominal GDP. The Central Bank of Montenegro provides Household Debt in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR. Loans are used due to the lack of Flow of Funds statistics.


Related information about Montenegro Household Debt: % of GDP

  • In the latest reports, Montenegro Household Debt reached 3.0 USD bn in Apr 2026.
  • Money Supply M2 in Montenegro increased 9.9 % YoY in Dec 2024.
  • Montenegro Foreign Exchange Reserves was measured at 2.1 USD bn in Dec 2025.
  • The Foreign Exchange Reserves equaled 4.5 Months of Import in Dec 2025.
  • Montenegro Domestic Credit reached 5.3 USD bn in Apr 2026, representing an increased of 23.9 % YoY.
  • The country's Non Performing Loans Ratio stood at 4.3 % in Jun 2024, compared with the ratio of 4.6 % in the previous month.

View Montenegro's Household Debt: % of GDP from Mar 2007 to Mar 2026 in the chart:

Montenegro Household Debt: % of GDP

What was Montenegro's Household Debt: % of GDP in Mar 2026?

Montenegro household debt accounted for 30.0 % of the country's Nominal GDP in Mar 2026, compared with the ratio of 29.2 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
30.0 Mar 2026 29.2 Dec 2025 18.4 Mar 2007 34.8 Sep 2008 % quarterly Mar 2007 - Mar 2026

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 14.3 Mar 2026 quarterly Sep 2007 - Mar 2026
Argentina (%) 6.7 Mar 2026 quarterly Dec 2004 - Mar 2026
Armenia (%) 33.9 Mar 2026 quarterly Dec 2000 - Mar 2026
Australia (%) 120.3 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 42.0 Dec 2025 quarterly Mar 1999 - Dec 2025
Azerbaijan (%) 15.0 Mar 2026 quarterly Mar 2005 - Mar 2026
Belarus (%) 10.4 Mar 2026 quarterly Dec 2006 - Mar 2026
Belgium (%) 58.3 Dec 2025 quarterly Dec 1992 - Dec 2025
Bolivia (%) 11.4 Dec 2024 quarterly Sep 2010 - Dec 2024
Bosnia and Herzegovina (%) 26.2 Mar 2026 quarterly Dec 2008 - Mar 2026
Botswana (%) 21.3 Dec 2025 quarterly Dec 2002 - Dec 2025
Brunei (%) 15.5 Mar 2026 quarterly Mar 2011 - Mar 2026
Bulgaria (%) 30.1 2024 yearly 1995 - 2024
Cambodia (%) 25.3 2025 yearly 2008 - 2025
Canada (%) 99.1 Mar 2026 quarterly Mar 1969 - Mar 2026
Chile (%) 37.0 Mar 2026 quarterly Mar 2009 - Mar 2026
China (%) 60.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Colombia (%) 29.5 Sep 2025 quarterly Dec 2015 - Sep 2025
Croatia (%) 33.8 Dec 2025 quarterly Dec 1995 - Dec 2025
Cyprus (%) 68.2 2025 yearly 1995 - 2025
Czech Republic (%) 33.5 Dec 2025 quarterly Mar 2004 - Dec 2025
Denmark (%) 88.1 2024 yearly 1994 - 2024
Ecuador (%) 35.5 Mar 2026 quarterly Mar 2007 - Mar 2026
Egypt (%) 7.3 Mar 2026 quarterly Dec 2002 - Mar 2026
Estonia (%) 40.5 Mar 2026 quarterly Dec 2003 - Mar 2026
European Union (%) 50.4 Dec 2025 quarterly Mar 1999 - Dec 2025
Finland (%) 72.7 2025 yearly 1995 - 2025
France (%) 58.9 2025 yearly 1977 - 2025
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 48.7 Dec 2025 quarterly Dec 1991 - Dec 2025
Greece (%) 45.9 Dec 2025 quarterly Dec 1997 - Dec 2025
Hong Kong SAR, China (%) 87.6 Dec 2025 quarterly Mar 1982 - Dec 2025
Hungary (%) 21.8 Mar 2026 quarterly Dec 1995 - Mar 2026
Iceland (%) 69.6 Mar 2026 quarterly Dec 1995 - Mar 2026
India (%) 17.6 2025 yearly 1998 - 2025
Indonesia (%) 14.8 Mar 2026 quarterly Dec 2010 - Mar 2026
Ireland (%) 24.6 Dec 2025 quarterly Mar 2002 - Dec 2025
Israel (%) 42.9 Mar 2026 quarterly Dec 1995 - Mar 2026
Italy (%) 47.0 Dec 2025 quarterly Dec 1995 - Dec 2025
Japan (%) 61.2 Dec 2025 quarterly Dec 1997 - Dec 2025
Jordan (%) 69.5 Mar 2026 quarterly Mar 2002 - Mar 2026
Kazakhstan (%) 66.7 Dec 2025 quarterly Dec 1997 - Dec 2025
South Korea (%) 88.6 Mar 2026 quarterly Dec 2002 - Mar 2026
Kosovo (%) 25.4 Dec 2025 quarterly Dec 2010 - Dec 2025
Kuwait (%) 1.1 Dec 2025 quarterly Dec 2010 - Dec 2025
Kyrgyzstan (%) 12.3 Mar 2026 quarterly Dec 2000 - Mar 2026
Latvia (%) 23.1 Dec 2025 quarterly Mar 2004 - Dec 2025
Lithuania (%) 29.9 Sep 2025 quarterly Dec 1995 - Sep 2025
Luxembourg (%) 58.2 Mar 2026 quarterly Dec 1995 - Mar 2026
Macau SAR, China (%) 70.9 Mar 2026 quarterly Dec 2001 - Mar 2026
North Macedonia (%) 26.8 Mar 2026 quarterly Mar 2003 - Mar 2026
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.7 2025 yearly 2002 - 2025
Malta (%) 48.5 Dec 2025 quarterly Mar 2004 - Dec 2025
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 17.4 Mar 2026 quarterly Dec 2000 - Mar 2026
Mongolia (%) 28.5 Mar 2026 quarterly Mar 2004 - Mar 2026
Montenegro (%) 30.0 Mar 2026 quarterly Mar 2007 - Mar 2026
Morocco (%) 21.2 2025 yearly 2001 - 2025
Netherlands (%) 98.0 Mar 2026 quarterly Mar 1999 - Mar 2026
New Zealand (%) 91.1 Dec 2025 quarterly Dec 1990 - Dec 2025
Norway (%) 89.5 Mar 2026 quarterly Dec 1995 - Mar 2026
Panama (%) 37.8 Dec 2025 quarterly Dec 2007 - Dec 2025
Peru (%) 14.8 Mar 2026 quarterly Mar 2001 - Mar 2026
Philippines (%) 13.6 Dec 2025 quarterly Mar 2008 - Dec 2025
Poland (%) 22.4 Dec 2025 quarterly Dec 2003 - Dec 2025
Portugal (%) 56.8 Mar 2026 quarterly Dec 2007 - Mar 2026
Romania (%) 15.3 Mar 2026 quarterly Dec 1995 - Mar 2026
Russia (%) 18.7 Mar 2026 quarterly Dec 2000 - Mar 2026
Saudi Arabia (%) 10.6 Mar 2026 quarterly Dec 2003 - Mar 2026
Serbia (%) 19.1 Mar 2026 quarterly Dec 2003 - Mar 2026
Singapore (%) 51.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Slovakia (%) 46.3 Sep 2025 quarterly Mar 2004 - Sep 2025
Slovenia (%) 28.3 Mar 2026 quarterly Mar 2004 - Mar 2026
South Africa (%) 41.1 Mar 2026 quarterly Mar 1969 - Mar 2026
Spain (%) 46.7 Mar 2026 quarterly Dec 1989 - Mar 2026
Sri Lanka (%) 6.6 Dec 2024 quarterly Dec 2010 - Dec 2024
Sweden (%) 84.9 Mar 2026 quarterly Mar 1996 - Mar 2026
Switzerland (%) 125.1 2025 yearly 1999 - 2025
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan, China (%) 94.3 2024 yearly 2000 - 2024
Thailand (%) 85.9 Mar 2026 quarterly Mar 2003 - Mar 2026
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.5 Dec 2025 quarterly Dec 2014 - Dec 2025
Ukraine (%) 4.1 Dec 2025 quarterly Dec 2002 - Dec 2025
United Arab Emirates (%) 24.1 2024 yearly 2013 - 2024
United Kingdom (%) 77.0 Mar 2026 quarterly Mar 1987 - Mar 2026
United States (%) 60.3 Mar 2026 quarterly Mar 1999 - Mar 2026
Uruguay (%) 12.3 Mar 2026 quarterly Dec 2005 - Mar 2026
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 Mar 2026 quarterly Dec 2012 - Mar 2026
Consolidated Fiscal Balance (USD mn) -83.223 May 2026 monthly Jan 2012 - May 2026
Tax Revenue (USD mn) 200.809 May 2026 monthly Jan 2012 - May 2026
Tax Revenue: % of GDP (%) 31.0 Mar 2026 quarterly Mar 2012 - Mar 2026
National Government Debt (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
Government Debt: % of GDP (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (EUR bn) 5.113 2031 yearly 2002 - 2031
Forecast: Government Net Debt (EUR bn) 7.483 2031 yearly 2002 - 2031
Forecast: Government Revenue (EUR bn) 4.623 2031 yearly 2002 - 2031
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -71,246,649.630 May 2026 monthly Jan 2012 - May 2026
General Govt Revenue: Cons: Taxes: Excises (EUR) 32,034,430.120 May 2026 monthly Jan 2012 - May 2026
General Govt Expenditure: Cons: ow Current (EUR) 260,087,971.500 May 2026 monthly Jan 2012 - May 2026
General Government Revenue: Consolidated (EUR) 216,319,266.010 May 2026 monthly Jan 2012 - May 2026
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 103,938,067.020 May 2026 monthly Jan 2012 - May 2026
General Govt Expenditure: Consolidated (EUR) 287,565,915.640 May 2026 monthly Jan 2012 - May 2026
General Govt Revenue: Cons: Taxes (EUR) 171,910,737.140 May 2026 monthly Jan 2012 - May 2026
Gross General Government External Debt (EUR mn) 4,417.700 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt (EUR mn) 4,705.330 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt: Domestic (EUR mn) 287.630 Sep 2025 monthly Dec 2010 - Sep 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -407.3 May 2026 monthly Jan 2005 - May 2026
Total Exports (USD mn) 45.6 May 2026 monthly Jan 2005 - May 2026
Total Exports Growth (%) 7.5 May 2026 monthly Jan 2006 - May 2026
Aluminum: Exports (USD th) 41,867.902 2024 yearly 2008 - 2024
Exports: Medicament (USD th) 35,401.153 2025 yearly 2008 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 265.817 2025 yearly 2008 - 2025
Total Imports (USD mn) 452.9 May 2026 monthly Jan 2005 - May 2026
Total Imports Growth (%) 3.5 May 2026 monthly Jan 2006 - May 2026
Imports: Medicament (USD th) 154,935.784 2025 yearly 2008 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 83,406.785 2025 yearly 2008 - 2025
Total Exports to USA (USD mn) 0.442 May 2026 monthly Jan 2010 - May 2026
Total Imports from USA (USD mn) 6.252 May 2026 monthly Jan 2006 - May 2026
Total Exports to China (USD mn) 0.831 May 2026 monthly Jan 2010 - May 2026
Total Imports from China (USD mn) 53.703 May 2026 monthly Jan 2006 - May 2026
Exports: Europe: EU-28: Slovenia (EUR th) 3,791.901 May 2026 monthly Mar 2009 - May 2026
Exports: Europe: CEFTA: Serbia (EUR th) 7,679.859 May 2026 monthly Mar 2009 - May 2026
Exports: Machinery & Transport Equipment (EUR th) 5,679.396 May 2026 monthly Mar 2009 - May 2026
Exports: Crude Materials: excl Fuels (EUR th) 6,369.677 May 2026 monthly Mar 2009 - May 2026
Exports: Manufactured Goods (EUR th) 5,203.826 May 2026 monthly Mar 2009 - May 2026
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 11,208.711 May 2026 monthly Mar 2009 - May 2026
Exports: Food & Live Animals (EUR th) 3,977.140 May 2026 monthly Mar 2009 - May 2026
Imports: Europe: CEFTA: Serbia (EUR th) 65,057.906 May 2026 monthly Mar 2009 - May 2026
Imports: Europe: EU-28: Greece (EUR th) 33,968.686 May 2026 monthly Mar 2009 - May 2026
Imports: Miscellaneous Manufactured Goods (EUR th) 51,039.432 May 2026 monthly Mar 2009 - May 2026
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 49,537.512 May 2026 monthly Mar 2009 - May 2026
Imports: Food & Live Animals (EUR th) 68,927.561 May 2026 monthly Mar 2009 - May 2026
Imports: Manufactured Goods (EUR th) 57,443.242 May 2026 monthly Mar 2009 - May 2026
Imports: Machinery & Transport Equipment (EUR th) 91,352.150 May 2026 monthly Mar 2009 - May 2026
Imports (EUR th) 387,742.991 May 2026 monthly Jan 2005 - May 2026
Exports (EUR th) 39,064.335 May 2026 monthly Jan 2005 - May 2026
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 21.8 Dec 2025 quarterly Mar 2005 - Dec 2025
Current Account Balance (USD mn) 69.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance: % of GDP (%) -36.0 Mar 2026 quarterly Mar 2010 - Mar 2026
Foreign Direct Investment (USD mn) 123.4 Mar 2026 quarterly Mar 2005 - Mar 2026
Foreign Direct Investment: % of GDP (%) 9.0 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment (USD mn) -71.408 Mar 2026 quarterly Mar 2005 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) -3.8 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 120.2 Mar 2026 quarterly Mar 2007 - Mar 2026
Foreign Portfolio Investment: Debt Securities (USD mn) 3.240 Mar 2026 quarterly Mar 2007 - Mar 2026
External Debt (USD mn) 8,741.3 2024 yearly 2006 - 2024
External Debt: % of GDP (%) 105.7 2024 yearly 2006 - 2024
External Debt: Short Term (USD mn) 235.2 2024 yearly 2007 - 2024
External Debt: Short Term: % of GDP (%) 2.8 2024 yearly 2007 - 2024
Forecast: Current Account Balance (USD bn) -2.088 2031 yearly 2001 - 2031
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
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
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 112,506,571.770 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 65,139,405.970 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 2023 yearly 2001 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 30.0 Mar 2026 quarterly Mar 2007 - Mar 2026
Non-Performing Loans (USD mn) 205.823 Jun 2024 monthly Dec 2010 - Jun 2024
M2 Growth (%) 9.8 2025 yearly 2003 - 2025
Reserve Requirement Ratio (%) 5.5 May 2026 monthly Jan 2002 - May 2026
Foreign Exchange Reserves (USD mn) 2,081.3 Dec 2025 monthly Dec 2002 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 22.409 Dec 2025 quarterly Dec 2006 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 4.5 Dec 2025 monthly Jan 2005 - Dec 2025
Gold Reserves (USD mn) 0.000 Dec 2025 monthly Dec 2002 - Dec 2025
Total Deposits (USD mn) 6,966.935 May 2026 monthly Jan 2003 - May 2026
Total Deposits Growth (%) 5.7 May 2026 monthly Jan 2004 - May 2026
Domestic Credit (USD mn) 5,403.2 May 2026 monthly Jan 2005 - May 2026
Domestic Credit Growth (%) 22.6 May 2026 monthly Jan 2006 - May 2026
Household Debt (USD mn) 2,977.9 May 2026 monthly Dec 2004 - May 2026
Total Loans (USD mn) 6,735.508 May 2026 monthly Jan 2003 - May 2026
Total Loans Growth (%) 12.29 May 2026 monthly Jan 2004 - May 2026
Private Debt: % of Nominal GDP (%) 50.62 Dec 2025 quarterly Mar 2007 - Dec 2025
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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