Montenegro National Government Debt

2010 - 2025 | Monthly | USD mn | CEIC Data

Key information about Montenegro National Government Debt

  • Montenegro National Government Debt reached 5.5 USD bn in Sep 2025, compared with 5.6 USD bn in the previous month.
  • Montenegro National Government Debt data is updated monthly, available from Dec 2010 to Sep 2025.
  • The data reached an all-time high of 5.6 USD bn in Jun 2025 and a record low of 1.7 USD bn in Dec 2010.

CEIC converts monthly Government Debt into USD. The Ministry of Finance and Social Welfare provides Government Debt in EUR. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about Montenegro National Government Debt
  • In the latest reports, Montenegro Consolidated Fiscal Balance recorded a deficit equal to 5.1 % of its Nominal GDP in Sep 2025.
  • The country's Government debt accounted for 58.3 % of its Nominal GDP in Sep 2025.
  • Montenegro Nominal GDP reached 2.3 USD bn in Jun 2025.

View Montenegro's National Government Debt from Dec 2010 to Sep 2025 in the chart:

Montenegro National Government Debt

What was Montenegro's National Government Debt in Sep 2025?

Montenegro National Government Debt reached 5.5 USD bn in Sep 2025, compared with 5.6 USD bn in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
5,521.7 Sep 2025 5,602.3 Jun 2025 1,686.1 Dec 2010 5,602.3 Jun 2025 USD mn monthly Dec 2010 - Sep 2025

National Government Debt by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 16,715.8 Sep 2025 quarterly Sep 2010 - Sep 2025
Algeria (USD mn) 127,109.6 2024 yearly 1997 - 2024
Argentina (USD mn) 454,037.1 Sep 2025 quarterly Dec 1994 - Sep 2025
Armenia (USD mn) 14,204.4 Sep 2025 quarterly Mar 2002 - Sep 2025
Australia (USD mn) 685,976.3 2024 yearly 1999 - 2024
Austria (USD mn) 497,437.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Azerbaijan (USD mn) 9,223.0 2021 yearly 2008 - 2021
Bahrain (USD mn) 50,938.0 Nov 2025 monthly Mar 2001 - Nov 2025
Belarus (USD mn) 23,375.7 May 2022 monthly Dec 2003 - May 2022
Belgium (USD mn) 797,839.2 Sep 2025 quarterly Mar 1980 - Sep 2025
Bolivia (USD mn) 8,960.7 2014 yearly 1998 - 2014
Bosnia and Herzegovina (USD mn) 3,449.6 2024 yearly 2007 - 2024
Botswana (USD mn) 4,996.3 2025 yearly 2002 - 2025
Brazil (USD mn) 1,829,967.6 Oct 2025 monthly Dec 2000 - Oct 2025
Bulgaria (USD mn) 36,546.1 Nov 2025 monthly Dec 2015 - Nov 2025
Canada (USD mn) 1,517,724.5 2025 yearly 1962 - 2025
Chile (USD mn) 149,182.1 Sep 2025 quarterly Mar 2002 - Sep 2025
China (USD mn) 4,736,394.2 2024 yearly 2005 - 2024
Colombia (USD mn) 280,165.7 Jun 2025 quarterly Dec 2001 - Jun 2025
Croatia (USD mn) 60,831.7 Sep 2025 monthly Dec 1995 - Sep 2025
Cyprus (USD mn) 23,954.7 Nov 2025 monthly Dec 2010 - Nov 2025
Czech Republic (USD mn) 174,839.6 Sep 2025 quarterly Mar 2000 - Sep 2025
Denmark (USD mn) 141,615.2 Sep 2025 quarterly Mar 2000 - Sep 2025
Ecuador (USD mn) 85,105.4 Sep 2025 quarterly Dec 2005 - Sep 2025
Egypt (USD mn) 301,714.5 Jun 2025 quarterly Jun 2006 - Jun 2025
Estonia (USD mn) 11,044.7 Sep 2025 quarterly Mar 2000 - Sep 2025
European Union (USD mn) 17,899,598.0 Sep 2025 quarterly Mar 2000 - Sep 2025
Finland (USD mn) 289,404.3 Jun 2025 quarterly Mar 2000 - Jun 2025
France (USD mn) 4,020,987.6 Jun 2025 quarterly Dec 1995 - Jun 2025
Georgia (USD mn) 13,032.9 Sep 2025 quarterly Mar 2006 - Sep 2025
Germany (USD mn) 3,271,285.0 Sep 2025 quarterly Mar 2000 - Sep 2025
Greece (USD mn) 433,852.8 Jun 2025 quarterly Dec 1999 - Jun 2025
Hong Kong SAR, China (USD mn) 190,786.0 2025 yearly 2003 - 2025
Hungary (USD mn) 192,814.7 Sep 2025 quarterly Dec 1989 - Sep 2025
Iceland (USD mn) 20,025.7 2024 yearly 1998 - 2024
India (USD mn) 2,192,184.8 Sep 2025 quarterly Dec 1998 - Sep 2025
Indonesia (USD mn) 547,950.7 Jan 2025 monthly Jun 2009 - Jan 2025
Ireland (USD mn) 245,214.6 Sep 2025 quarterly Mar 2000 - Sep 2025
Israel (USD mn) 364,326.8 2024 yearly 1995 - 2024
Italy (USD mn) 3,624,882.7 Nov 2025 monthly Jan 1957 - Nov 2025
Ivory Coast (USD mn) 3,853.2 2015 yearly 1975 - 2015
Japan (USD mn) 9,012,579.6 Sep 2025 monthly Apr 1982 - Sep 2025
Jordan (USD mn) 51,156.6 Nov 2025 monthly Jan 2002 - Nov 2025
Kazakhstan (USD mn) 59,945.7 Dec 2024 quarterly Mar 2005 - Dec 2024
Kenya (USD mn) 93,267.3 Sep 2025 monthly Sep 1999 - Sep 2025
South Korea (USD mn) 896,321.5 Sep 2025 quarterly Sep 2002 - Sep 2025
Kosovo (USD mn) 1,797.9 2024 yearly 2009 - 2024
Kuwait (USD mn) 6,701.5 Nov 2025 monthly Dec 1993 - Nov 2025
Kyrgyzstan (USD mn) 8,692.5 Oct 2025 monthly Jan 2011 - Oct 2025
Latvia (USD mn) 22,255.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Lebanon (USD mn) 101,813.6 Dec 2022 monthly Dec 2001 - Dec 2022
Lithuania (USD mn) 39,470.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Luxembourg (USD mn) 28,692.8 Sep 2025 quarterly Dec 1995 - Sep 2025
North Macedonia (USD mn) 10,002.3 Jun 2025 quarterly Dec 2009 - Jun 2025
Malawi (USD mn) 2,620.0 2014 yearly 2010 - 2014
Malaysia (USD mn) 312,770.7 Sep 2025 quarterly Mar 1978 - Sep 2025
Malta (USD mn) 13,160.7 Sep 2025 quarterly Mar 2000 - Sep 2025
Mauritius (USD mn) 12,821.9 Sep 2025 quarterly Jun 2003 - Sep 2025
Mexico (USD mn) 1,075,783.9 Nov 2025 monthly Dec 2005 - Nov 2025
Moldova (USD mn) 7,597.9 Nov 2025 monthly Jan 2007 - Nov 2025
Montenegro (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
Morocco (USD mn) 91,099.0 Dec 2022 quarterly Dec 2006 - Dec 2022
Nepal (USD mn) 14,538.4 2021 yearly 1990 - 2021
Netherlands (USD mn) 579,272.5 Sep 2025 quarterly Dec 1999 - Sep 2025
New Zealand (USD mn) 123,654.9 Sep 2025 quarterly Dec 2006 - Sep 2025
Nigeria (USD mn) 97,066.2 Jun 2025 quarterly Dec 2006 - Jun 2025
Norway (USD mn) 251,746.3 2024 yearly 1995 - 2024
Oman (USD mn) 37,971.4 2025 yearly 1990 - 2025
Panama (USD mn) 59,349.3 Dec 2025 monthly Jul 2004 - Dec 2025
Paraguay (USD mn) 16,217.1 2024 yearly 2003 - 2024
Peru (USD mn) 105,081.0 Sep 2025 quarterly Mar 1999 - Sep 2025
Philippines (USD mn) 300,176.5 Nov 2025 monthly Jan 1993 - Nov 2025
Poland (USD mn) 611,821.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Portugal (USD mn) 345,501.8 Sep 2025 quarterly Mar 2000 - Sep 2025
Qatar (USD mn) 26,518.7 2012 yearly 2003 - 2012
Romania (USD mn) 249,581.5 Aug 2025 monthly Nov 2011 - Aug 2025
Russia (USD mn) 449,142.3 Dec 2025 monthly May 2009 - Dec 2025
Saudi Arabia (USD mn) 388,533.3 2025 yearly 2004 - 2025
Serbia (USD mn) 44,047.7 Oct 2025 monthly Sep 2004 - Oct 2025
Singapore (USD mn) 1,010,431.8 Sep 2025 quarterly Mar 1990 - Sep 2025
Slovakia (USD mn) 98,260.7 Jun 2025 quarterly Mar 2000 - Jun 2025
Slovenia (USD mn) 55,072.6 Sep 2025 quarterly Dec 1999 - Sep 2025
South Africa (USD mn) 352,108.9 Nov 2025 monthly Jan 1960 - Nov 2025
Spain (USD mn) 2,005,898.9 Sep 2025 quarterly Dec 1990 - Sep 2025
Sri Lanka (USD mn) 98,101.8 Sep 2025 quarterly Mar 2014 - Sep 2025
Sweden (USD mn) 230,743.4 Sep 2025 quarterly Mar 1999 - Sep 2025
Switzerland (USD mn) 231,894.5 2024 yearly 1990 - 2024
Taiwan, China (USD mn) 223,824.2 2023 yearly 1996 - 2023
Thailand (USD mn) 346,186.9 Nov 2025 monthly Oct 1997 - Nov 2025
Tunisia (USD mn) 46,921.1 Sep 2025 monthly Apr 2011 - Sep 2025
Turkey (USD mn) 298,427.1 2024 yearly 2001 - 2024
Ukraine (USD mn) 197,409.4 Nov 2025 monthly Dec 2004 - Nov 2025
United Kingdom (USD mn) 4,111,415.2 Sep 2025 quarterly Mar 1966 - Sep 2025
United States (USD mn) 38,514,009.0 Dec 2025 monthly Jan 1969 - Dec 2025
Uruguay (USD mn) 48,109.8 Sep 2025 quarterly Mar 1999 - Sep 2025
Venezuela (USD mn) 105,131.7 2016 yearly 1996 - 2016
Vietnam (USD mn) 150,597.5 2024 yearly 2010 - 2024
Yemen (USD mn) 20,434.2 2013 yearly 2004 - 2013

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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) -68.106 Nov 2025 monthly Jan 2012 - Nov 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 Government Revenue: Consolidated (EUR) 196,828,385.980 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,400,492.250 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Expenditure: Consolidated (EUR) 255,753,528.550 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 107,592,791.440 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -58,925,142.570 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 Expenditure: Cons: ow Current (EUR) 229,912,079.780 Nov 2025 monthly Jan 2012 - Nov 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
Gross General Government External Debt (EUR mn) 4,417.700 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) -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: Food & Live Animals (EUR th) 5,548.692 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Crude Materials: excl Fuels (EUR th) 6,843.589 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Manufactured Goods (EUR th) 3,759.756 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Machinery & Transport Equipment (EUR th) 12,907.394 Nov 2025 monthly Mar 2009 - Nov 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: Food & Live Animals (EUR th) 60,242.405 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: Machinery & Transport Equipment (EUR th) 82,387.227 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Miscellaneous Manufactured Goods (EUR th) 40,228.765 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Manufactured Goods (EUR th) 52,393.677 Nov 2025 monthly Mar 2009 - Nov 2025
Exports (EUR th) 49,375.324 Nov 2025 monthly Jan 2005 - Nov 2025
Imports (EUR th) 326,191.124 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: Switzerland (EUR) 65,139,405.970 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 112,506,571.770 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 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 Dec 2025 monthly Jan 2002 - Dec 2025
Foreign Exchange Reserves (USD mn) 1,642.7 Nov 2025 monthly Dec 2002 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 19.347 Sep 2025 quarterly Dec 2006 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 4.4 Nov 2025 monthly Jan 2005 - Nov 2025
Gold Reserves (USD mn) 0.000 Nov 2025 monthly Dec 2002 - Nov 2025
Total Deposits (USD mn) 7,126.573 Dec 2025 monthly Jan 2003 - Dec 2025
Total Deposits Growth (%) 4.0 Dec 2025 monthly Jan 2004 - Dec 2025
Domestic Credit (USD mn) 4,697.7 Oct 2025 monthly Jan 2005 - Oct 2025
Domestic Credit Growth (%) 9.7 Dec 2025 monthly Jan 2006 - Dec 2025
Household Debt (USD mn) 2,801.6 Dec 2025 monthly Dec 2004 - Dec 2025
Total Loans (USD mn) 6,207.035 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans Growth (%) 14.24 Dec 2025 monthly Jan 2004 - Dec 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

More Indicators for Montenegro

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