Montenegro Household Debt: % of GDP

2010 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Household Debt: % of GDP

  • Montenegro household debt accounted for 24.7 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 25.4 % in the previous quarter.
  • Montenegro household debt to GDP ratio is updated quarterly, available from Dec 2010 to Sep 2023.
  • The data reached an all-time high of 33.5 % in Mar 2021 and a record low of 24.7 % in Sep 2023.

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 1.8 USD bn in Oct 2023.
  • Money Supply M2 in Montenegro increased 22.9 % YoY in Dec 2022.
  • Montenegro Foreign Exchange Reserves was measured at 1.7 USD bn in Aug 2023.
  • The Foreign Exchange Reserves equaled 4.5 Months of Import in Aug 2023.
  • Montenegro Domestic Credit reached 3.5 USD bn in Oct 2023, representing an increased of 9.6 % YoY.
  • The country's Non Performing Loans Ratio stood at 5.2 % in Jul 2023, compared with the ratio of 5.5 % in the previous month.

View Montenegro's Household Debt: % of GDP from Dec 2010 to Sep 2023 in the chart:

Montenegro Household Debt: % of GDP

What was Montenegro's Household Debt: % of GDP in Sep 2023?

Montenegro household debt accounted for 24.7 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 25.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
24.7 Sep 2023 25.4 Jun 2023 24.7 Sep 2023 33.5 Mar 2021 % quarterly Dec 2010 - Sep 2023

Household Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 11.7 Jun 2023 quarterly Dec 2008 - Jun 2023
Argentina (%) 3.8 Sep 2023 quarterly Dec 2004 - Sep 2023
Armenia (%) 25.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 45.9 Sep 2023 quarterly Mar 1999 - Sep 2023
Azerbaijan (%) 10.6 Sep 2023 quarterly Mar 2005 - Sep 2023
Belarus (%) 9.5 Sep 2023 quarterly Dec 2006 - Sep 2023
Belgium (%) 60.1 Sep 2023 quarterly Dec 1992 - Sep 2023
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.0 Sep 2023 quarterly Dec 2008 - Sep 2023
Botswana (%) 19.5 Sep 2023 quarterly Dec 2002 - Sep 2023
Brunei (%) 14.1 Sep 2023 quarterly Dec 2013 - Sep 2023
Bulgaria (%) 27.4 2022 yearly 1995 - 2022
Cambodia (%) 36.0 2022 yearly 2008 - 2022
Canada (%) 100.9 Dec 2023 quarterly Mar 1969 - Dec 2023
Chile (%) 40.3 Sep 2023 quarterly Mar 2009 - Sep 2023
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 34.7 Sep 2023 quarterly Dec 2015 - Sep 2023
Croatia (%) 33.1 Dec 2022 quarterly Mar 2012 - Dec 2022
Cyprus (%) 97.5 2021 yearly 1995 - 2021
Czech Republic (%) 37.0 Sep 2023 quarterly Mar 2004 - Sep 2023
Denmark (%) 86.8 2022 yearly 1994 - 2022
Ecuador (%) 16.3 Sep 2023 quarterly Dec 2006 - Sep 2023
Egypt (%) 8.2 Jun 2023 quarterly Dec 2002 - Jun 2023
Estonia (%) 37.9 Sep 2023 quarterly Dec 2003 - Sep 2023
European Union (%) 46.3 Dec 2023 quarterly Sep 1997 - Dec 2023
Finland (%) 74.9 2022 yearly 1995 - 2022
France (%) 75.1 2022 yearly 1977 - 2022
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 52.9 Sep 2023 quarterly Dec 1991 - Sep 2023
Greece (%) 47.1 Sep 2023 quarterly Dec 1997 - Sep 2023
Hong Kong SAR, China (%) 92.7 Dec 2023 quarterly Mar 1982 - Dec 2023
Hungary (%) 20.1 Sep 2023 quarterly Dec 1995 - Sep 2023
Iceland (%) 73.2 Dec 2023 quarterly Dec 1995 - Dec 2023
India (%) 14.8 2023 yearly 1998 - 2023
Indonesia (%) 9.6 Dec 2023 quarterly Dec 2010 - Dec 2023
Ireland (%) 27.8 Jun 2023 quarterly Mar 2002 - Jun 2023
Israel (%) 42.5 Sep 2023 quarterly Dec 1995 - Sep 2023
Italy (%) 49.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Japan (%) 66.0 Sep 2023 quarterly Dec 1997 - Sep 2023
Jordan (%) 82.2 Sep 2023 quarterly Mar 2002 - Sep 2023
Kazakhstan (%) 15.1 Sep 2023 quarterly Dec 1997 - Sep 2023
South Korea (%) 104.5 Sep 2023 quarterly Dec 2002 - Sep 2023
Kosovo (%) 19.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) 0.5 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 7.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Latvia (%) 19.9 Jun 2023 quarterly Mar 2004 - Jun 2023
Lithuania (%) 23.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Luxembourg (%) 68.8 Sep 2023 quarterly Dec 1995 - Sep 2023
Macau SAR, China (%) 87.1 Dec 2023 quarterly Dec 2001 - Dec 2023
North Macedonia (%) 26.5 Jun 2023 quarterly Mar 2003 - Jun 2023
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 81.0 2022 yearly 2002 - 2022
Malta (%) 43.0 Dec 2023 quarterly Dec 2003 - Dec 2023
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Mongolia (%) 22.3 Dec 2023 quarterly Mar 2004 - Dec 2023
Montenegro (%) 24.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 25.3 2022 yearly 2001 - 2022
Netherlands (%) 93.1 Sep 2023 quarterly Mar 1999 - Sep 2023
New Zealand (%) 91.5 Sep 2023 quarterly Dec 1990 - Sep 2023
Norway (%) 88.8 Sep 2023 quarterly Dec 1995 - Sep 2023
Panama (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Peru (%) 16.9 Dec 2023 quarterly Mar 2001 - Dec 2023
Philippines (%) 10.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Poland (%) 24.5 Sep 2023 quarterly Dec 2003 - Sep 2023
Portugal (%) 67.5 Sep 2023 quarterly Dec 1999 - Sep 2023
Romania (%) 15.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Russia (%) 21.1 Sep 2023 quarterly Dec 2000 - Sep 2023
Saudi Arabia (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
Serbia (%) 19.9 Mar 2023 quarterly Dec 2003 - Mar 2023
Singapore (%) 54.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Slovakia (%) 46.7 Sep 2023 quarterly Mar 2004 - Sep 2023
Slovenia (%) 28.1 Jun 2023 quarterly Mar 2004 - Jun 2023
South Africa (%) 40.6 Sep 2023 quarterly Mar 1969 - Sep 2023
Spain (%) 51.6 Sep 2023 quarterly Dec 1989 - Sep 2023
Sri Lanka (%) 7.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Sweden (%) 87.3 Sep 2023 quarterly Mar 1996 - Sep 2023
Switzerland (%) 128.4 2022 yearly 1999 - 2022
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 88.7 2022 yearly 2000 - 2022
Thailand (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 11.7 Sep 2023 quarterly Dec 2014 - Sep 2023
Ukraine (%) 4.3 Dec 2022 quarterly Dec 2002 - Dec 2022
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 84.6 Sep 2023 quarterly Mar 1987 - Sep 2023
United States (%) 64.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Uruguay (%) 10.7 Sep 2023 quarterly Dec 2005 - Sep 2023
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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Montenegro Key Series

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Includes 163 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 (%) -0.5 Sep 2023 quarterly Dec 2012 - Sep 2023
Consolidated Fiscal Balance (USD mn) -158.147 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue (USD mn) 149.467 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue: % of GDP (%) 21.4 Sep 2023 quarterly Mar 2012 - Sep 2023
National Government Debt (USD mn) 4,219.6 Sep 2023 monthly Dec 2010 - Sep 2023
Government Debt: % of GDP (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 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) 28,494,203.900 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,969,510.730 Dec 2023 monthly Jan 2012 - Dec 2023
General Government Revenue: Consolidated (EUR) 255,979,035.020 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 87,929,424.080 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes (EUR) 137,012,115.600 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 400,948,545.750 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Cons: ow Current (EUR) 321,973,336.150 Dec 2023 monthly Jan 2012 - Dec 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) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports (USD mn) 42.2 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports Growth (%) -25.3 Dec 2023 monthly Jan 2006 - Dec 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 (%) 7.0 Dec 2023 monthly Jan 2006 - Dec 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) 4.456 Dec 2023 monthly Jan 2006 - Dec 2023
Total Exports to China (USD mn) 0.064 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from China (USD mn) 40.025 Dec 2023 monthly Jan 2006 - Dec 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: Manufactured Goods (EUR th) 4,621.309 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: 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: Miscellaneous Manufactured Goods (EUR th) 49,978.003 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: 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) 27.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) 8.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 119.2 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 31.320 Dec 2023 quarterly Mar 2007 - Dec 2023
External Debt (USD mn) 8,815.2 2022 yearly 2006 - 2022
External Debt: % of GDP (%) 141.5 2022 yearly 2006 - 2022
External Debt: Short Term (USD mn) 198.7 2022 yearly 2007 - 2022
External Debt: Short Term: % of GDP (%) 3.2 2022 yearly 2007 - 2022
Forecast: Current Account Balance (USD bn) -1.297 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: 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
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 (%) 24.7 Sep 2023 quarterly Dec 2010 - Sep 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 Dec 2023 monthly Jan 2002 - Dec 2023
Foreign Exchange Reserves (USD mn) 1,457.9 Dec 2023 monthly Dec 2002 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 22.477 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 4.5 Aug 2023 monthly Jan 2005 - Aug 2023
Gold Reserves (USD mn) 0.000 Dec 2023 monthly Dec 2002 - Dec 2023
Total Deposits (USD mn) 5,855.433 Jan 2024 monthly Jan 2003 - Jan 2024
Total Deposits Growth (%) 3.6 Jan 2024 monthly Jan 2004 - Jan 2024
Domestic Credit (USD mn) 3,822.0 Jan 2024 monthly Jan 2005 - Jan 2024
Domestic Credit Growth (%) 7.1 Jan 2024 monthly Jan 2006 - Jan 2024
Household Debt (USD mn) 1,869.3 Dec 2023 monthly Dec 2004 - Dec 2023
Total Loans (USD mn) 4,530.112 Dec 2023 monthly Jan 2003 - Dec 2023
Total Loans Growth (%) 11.89 Dec 2023 monthly Jan 2004 - Dec 2023
Private Debt: % of Nominal GDP (%) 43.36 Sep 2023 quarterly Dec 2010 - Sep 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

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