Montenegro Household Debt: % of GDP

2007 - 2025 | Quarterly | % | CEIC Data

Key information about Montenegro Household Debt: % of GDP

  • Montenegro household debt accounted for 28.3 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 27.8 % in the previous quarter.
  • Montenegro household debt to GDP ratio is updated quarterly, available from Mar 2007 to Sep 2025.
  • 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 2.7 USD bn in Oct 2025.
  • Money Supply M2 in Montenegro increased 9.9 % YoY in Dec 2024.
  • Montenegro Foreign Exchange Reserves was measured at 1.7 USD bn in Oct 2025.
  • The Foreign Exchange Reserves equaled 3.6 Months of Import in Oct 2025.
  • Montenegro Domestic Credit reached 4.7 USD bn in Oct 2025, representing an increased of 22.0 % 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 Sep 2025 in the chart:

Montenegro Household Debt: % of GDP

What was Montenegro's Household Debt: % of GDP in Sep 2025?

Montenegro household debt accounted for 28.3 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 27.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
28.3 Sep 2025 27.8 Jun 2025 18.4 Mar 2007 34.8 Sep 2008 % quarterly Mar 2007 - Sep 2025

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 13.5 Sep 2025 quarterly Sep 2007 - Sep 2025
Argentina (%) 6.6 Sep 2025 quarterly Dec 2004 - Sep 2025
Armenia (%) 32.5 Sep 2025 quarterly Dec 2000 - Sep 2025
Australia (%) 120.3 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 42.3 Sep 2025 quarterly Mar 1999 - Sep 2025
Azerbaijan (%) 13.9 Jun 2025 quarterly Mar 2005 - Jun 2025
Belarus (%) 10.5 Sep 2025 quarterly Dec 2006 - Sep 2025
Belgium (%) 58.3 Jun 2025 quarterly Dec 1992 - Jun 2025
Bolivia (%) 11.4 Dec 2024 quarterly Sep 2010 - Dec 2024
Bosnia and Herzegovina (%) 25.2 Sep 2025 quarterly Dec 2008 - Sep 2025
Botswana (%) 21.6 Sep 2025 quarterly Dec 2002 - Sep 2025
Brunei (%) 15.3 Sep 2025 quarterly Dec 2013 - Sep 2025
Bulgaria (%) 30.1 2024 yearly 1995 - 2024
Cambodia (%) 27.2 2024 yearly 2008 - 2024
Canada (%) 97.7 Sep 2025 quarterly Mar 1969 - Sep 2025
Chile (%) 37.7 Sep 2025 quarterly Mar 2009 - Sep 2025
China (%) 60.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Colombia (%) 29.5 Jun 2025 quarterly Dec 2015 - Jun 2025
Croatia (%) 33.8 Jun 2025 quarterly Dec 1995 - Jun 2025
Cyprus (%) 71.2 2024 yearly 1995 - 2024
Czech Republic (%) 33.2 Jun 2025 quarterly Mar 2004 - Jun 2025
Denmark (%) 92.7 2023 yearly 1994 - 2023
Ecuador (%) 17.4 Jun 2025 quarterly Mar 2003 - Jun 2025
Egypt (%) 7.3 Sep 2025 quarterly Dec 2002 - Sep 2025
Estonia (%) 39.8 Jun 2025 quarterly Dec 2003 - Jun 2025
European Union (%) 50.9 Jun 2025 quarterly Mar 1999 - Jun 2025
Finland (%) 74.1 2024 yearly 1995 - 2024
France (%) 59.9 2024 yearly 1977 - 2024
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 49.0 Jun 2025 quarterly Dec 1991 - Jun 2025
Greece (%) 46.7 Jun 2025 quarterly Dec 1997 - Jun 2025
Hong Kong SAR, China (%) 87.7 Sep 2025 quarterly Mar 1982 - Sep 2025
Hungary (%) 20.7 Sep 2025 quarterly Dec 1995 - Sep 2025
Iceland (%) 70.8 Sep 2025 quarterly Dec 1995 - Sep 2025
India (%) 17.6 2025 yearly 1998 - 2025
Indonesia (%) 15.2 Sep 2025 quarterly Dec 2010 - Sep 2025
Ireland (%) 25.1 Jun 2025 quarterly Mar 2002 - Jun 2025
Israel (%) 42.9 Sep 2025 quarterly Dec 1995 - Sep 2025
Italy (%) 47.1 Jun 2025 quarterly Dec 1995 - Jun 2025
Japan (%) 61.1 Sep 2025 quarterly Dec 1997 - Sep 2025
Jordan (%) 78.2 Jun 2025 quarterly Mar 2002 - Jun 2025
Kazakhstan (%) 62.5 Jun 2025 quarterly Dec 1997 - Jun 2025
South Korea (%) 92.7 Jun 2025 quarterly Dec 2002 - Jun 2025
Kosovo (%) 24.9 Sep 2025 quarterly Dec 2010 - Sep 2025
Kuwait (%) 0.9 Jun 2025 quarterly Dec 2010 - Jun 2025
Kyrgyzstan (%) 12.1 Sep 2025 quarterly Dec 2000 - Sep 2025
Latvia (%) 23.1 Sep 2025 quarterly Mar 2004 - Sep 2025
Lithuania (%) 31.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Luxembourg (%) 62.4 Jun 2025 quarterly Dec 1995 - Jun 2025
Macau SAR, China (%) 76.1 Sep 2025 quarterly Dec 2001 - Sep 2025
North Macedonia (%) 26.7 Sep 2025 quarterly Mar 2003 - Sep 2025
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.1 2024 yearly 2002 - 2024
Malta (%) 47.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 17.2 Sep 2025 quarterly Dec 2000 - Sep 2025
Mongolia (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
Montenegro (%) 28.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Morocco (%) 22.0 2024 yearly 2001 - 2024
Netherlands (%) 97.2 Sep 2025 quarterly Mar 1999 - Sep 2025
New Zealand (%) 90.7 Sep 2025 quarterly Dec 1990 - Sep 2025
Norway (%) 88.8 Sep 2025 quarterly Dec 1995 - Sep 2025
Panama (%) 37.7 Sep 2025 quarterly Dec 2007 - Sep 2025
Peru (%) 15.3 Sep 2025 quarterly Mar 2001 - Sep 2025
Philippines (%) 12.8 Sep 2025 quarterly Mar 2009 - Sep 2025
Poland (%) 22.4 Jun 2025 quarterly Dec 2003 - Jun 2025
Portugal (%) 55.9 Sep 2025 quarterly Dec 2007 - Sep 2025
Romania (%) 15.9 Jun 2025 quarterly Dec 1995 - Jun 2025
Russia (%) 18.9 Mar 2025 quarterly Dec 2000 - Mar 2025
Saudi Arabia (%) 10.7 Sep 2025 quarterly Dec 2003 - Sep 2025
Serbia (%) 18.1 Sep 2025 quarterly Dec 2003 - Sep 2025
Singapore (%) 53.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Slovakia (%) 45.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Slovenia (%) 27.8 Jun 2025 quarterly Mar 2004 - Jun 2025
South Africa (%) 41.0 Jun 2025 quarterly Mar 1969 - Jun 2025
Spain (%) 47.8 Jun 2025 quarterly Dec 1989 - Jun 2025
Sri Lanka (%) 6.6 Dec 2024 quarterly Dec 2010 - Dec 2024
Sweden (%) 86.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Switzerland (%) 123.1 2024 yearly 1999 - 2024
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan, China (%) 95.5 2023 yearly 2000 - 2023
Thailand (%) 86.8 Sep 2025 quarterly Mar 2003 - Sep 2025
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.2 Jun 2025 quarterly Dec 2014 - Jun 2025
Ukraine (%) 4.0 Jun 2025 quarterly Dec 2002 - Jun 2025
United Arab Emirates (%) 24.1 2024 yearly 2013 - 2024
United Kingdom (%) 78.1 Sep 2025 quarterly Mar 1987 - Sep 2025
United States (%) 61.4 Jun 2025 quarterly Mar 1999 - Jun 2025
Uruguay (%) 11.7 Sep 2025 quarterly Dec 2005 - Sep 2025
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 (%) -5.1 Sep 2025 quarterly Dec 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) -36.609 Oct 2025 monthly Jan 2012 - Oct 2025
Tax Revenue (USD mn) 178.971 Nov 2025 monthly Jan 2012 - Nov 2025
Tax Revenue: % of GDP (%) 24.2 Sep 2025 quarterly Mar 2012 - Sep 2025
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) 4.812 2030 yearly 2002 - 2030
Forecast: Government Net Debt (EUR bn) 6.956 2030 yearly 2002 - 2030
Forecast: Government Revenue (EUR bn) 4.350 2030 yearly 2002 - 2030
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,400,492.250 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Revenue: Cons: Taxes (EUR) 154,846,007.130 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -31,448,577.630 Oct 2025 monthly Jan 2012 - Oct 2025
General Govt Expenditure: Cons: ow Current (EUR) 252,925,918.660 Oct 2025 monthly Jan 2012 - Oct 2025
General Govt Expenditure: Consolidated (EUR) 279,269,398.070 Oct 2025 monthly Jan 2012 - Oct 2025
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 107,592,791.440 Nov 2025 monthly Jan 2012 - Nov 2025
Gross General Government External Debt (EUR mn) 4,417.700 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt: Domestic (EUR mn) 287.630 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt (EUR mn) 4,705.330 Sep 2025 monthly Dec 2010 - Sep 2025
General Government Revenue: Consolidated (EUR) 156,245,213.220 Jan 2025 monthly Jan 2012 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -319.9 Nov 2025 monthly Jan 2005 - Nov 2025
Total Exports (USD mn) 57.1 Nov 2025 monthly Jan 2005 - Nov 2025
Total Exports Growth (%) -26.2 Nov 2025 monthly Jan 2006 - Nov 2025
Aluminum: Exports (USD th) 41,867.902 2024 yearly 2008 - 2024
Exports: Medicament (USD th) 41,859.324 2024 yearly 2008 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 95.438 2024 yearly 2008 - 2024
Total Imports (USD mn) 377.0 Nov 2025 monthly Jan 2005 - Nov 2025
Total Imports Growth (%) 9.9 Oct 2025 monthly Jan 2006 - Oct 2025
Imports: Medicament (USD th) 161,040.012 2024 yearly 2008 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 69,267.944 2024 yearly 2008 - 2024
Total Exports to USA (USD mn) 0.352 Nov 2025 monthly Jan 2010 - Nov 2025
Total Imports from USA (USD mn) 2.451 Nov 2025 monthly Jan 2006 - Nov 2025
Total Exports to China (USD mn) 0.137 Oct 2025 monthly Jan 2010 - Oct 2025
Total Imports from China (USD mn) 44.620 Nov 2025 monthly Jan 2006 - Nov 2025
Exports: Europe: EU-28: Slovenia (EUR th) 2,648.187 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Europe: CEFTA: Serbia (EUR th) 12,021.888 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,719.045 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Machinery & Transport Equipment (EUR th) 12,907.394 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Manufactured Goods (EUR th) 3,759.756 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Crude Materials: excl Fuels (EUR th) 6,843.589 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Food & Live Animals (EUR th) 5,548.692 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Europe: EU-28: Greece (EUR th) 10,492.429 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Europe: CEFTA: Serbia (EUR th) 55,429.224 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Miscellaneous Manufactured Goods (EUR th) 40,228.765 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Food & Live Animals (EUR th) 60,242.405 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Machinery & Transport Equipment (EUR th) 82,387.227 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Manufactured Goods (EUR th) 52,393.677 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 44,482.675 Oct 2025 monthly Mar 2009 - Oct 2025
Imports (EUR th) 326,191.124 Nov 2025 monthly Jan 2005 - Nov 2025
Exports (EUR th) 49,375.324 Nov 2025 monthly Jan 2005 - Nov 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 16.5 Sep 2025 quarterly Mar 2005 - Sep 2025
Current Account Balance (USD mn) 69.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance: % of GDP (%) 2.3 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Direct Investment (USD mn) 169.4 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Direct Investment: % of GDP (%) 5.6 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) -23.088 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) -0.8 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 113.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 29.585 Jun 2025 quarterly Mar 2007 - Jun 2025
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) -1.406 2030 yearly 2001 - 2030
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Import (EUR th) 645,611.036 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
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 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
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 28.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Non-Performing Loans (USD mn) 205.823 Jun 2024 monthly Dec 2010 - Jun 2024
M2 Growth (%) 9.9 2024 yearly 2003 - 2024
Reserve Requirement Ratio (%) 5.5 Nov 2025 monthly Jan 2002 - Nov 2025
Foreign Exchange Reserves (USD mn) 1,671.4 Oct 2025 monthly Dec 2002 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 19.347 Sep 2025 quarterly Dec 2006 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 3.6 Oct 2025 monthly Jan 2005 - Oct 2025
Gold Reserves (USD mn) 0.000 Oct 2025 monthly Dec 2002 - Oct 2025
Total Deposits (USD mn) 7,013.068 Oct 2025 monthly Jan 2003 - Oct 2025
Total Deposits Growth (%) 4.9 Nov 2025 monthly Jan 2004 - Nov 2025
Domestic Credit (USD mn) 4,697.7 Oct 2025 monthly Jan 2005 - Oct 2025
Domestic Credit Growth (%) 18.6 Nov 2025 monthly Jan 2006 - Nov 2025
Household Debt (USD mn) 2,728.3 Nov 2025 monthly Dec 2004 - Nov 2025
Total Loans (USD mn) 6,207.035 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans Growth (%) 15.22 Nov 2025 monthly Jan 2004 - Nov 2025
Private Debt: % of Nominal GDP (%) 49.09 Sep 2025 quarterly Mar 2007 - Sep 2025
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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