Montenegro Private Consumption: % of GDP

2010 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Private Consumption: % of GDP

  • Montenegro Private Consumption accounted for 60.2 % of its Nominal GDP in Sep 2023, compared with a ratio of 74.3 % in the previous quarter.
  • Montenegro Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 2010 to Sep 2023, with an average share of 84.5 %.
  • The data reached an all-time high of 93.9 % in Mar 2012 and a record low of 53.4 % in Sep 2019.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. The Statistical Office of Montenegro provides Private Consumption Expenditure in EUR and Nominal GDP in EUR.


Related information about Montenegro Private Consumption: % of GDP

  • In the latest reports, Montenegro GDP expanded 6.6 % YoY in Sep 2023.
  • Its Nominal GDP reached 1.3 USD bn in Mar 2023.
  • Montenegro GDP Per Capita reached 9,464.2 USD in Dec 2021.
  • Its Gross Savings Rate was measured at 25.3 % in Sep 2023.

View Montenegro's Private Consumption: % of GDP from Mar 2010 to Sep 2023 in the chart:

Montenegro Private Consumption: % of GDP

What was Montenegro's Private Consumption: % of GDP in Sep 2023?

Montenegro Private Consumption accounted for 60.2 % of its Nominal GDP in Sep 2023, compared with a ratio of 74.3 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
60.2 Sep 2023 74.3 Jun 2023 53.4 Sep 2019 93.9 Mar 2012 % quarterly Mar 2010 - Sep 2023

Private Consumption: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 73.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 43.6 2022 yearly 1950 - 2022
Argentina (%) 64.0 Sep 2023 quarterly Mar 1993 - Sep 2023
Armenia (%) 55.1 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 49.8 Jun 2023 quarterly Sep 1959 - Jun 2023
Austria (%) 51.5 Dec 2023 quarterly Mar 1988 - Dec 2023
Azerbaijan (%) 44.0 Sep 2022 quarterly Mar 2001 - Sep 2022
Bahrain (%) 39.1 2021 yearly 1975 - 2021
Bangladesh (%) 69.1 2022 yearly 1973 - 2022
Belarus (%) 53.5 Sep 2023 quarterly Mar 1994 - Sep 2023
Belgium (%) 51.6 Dec 2023 quarterly Mar 1980 - Dec 2023
Bolivia (%) 65.7 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) 63.6 Sep 2023 quarterly Mar 2008 - Sep 2023
Botswana (%) 43.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Brazil (%) 63.9 Dec 2023 quarterly Mar 1996 - Dec 2023
Brunei (%) 27.6 Sep 2023 quarterly Mar 2004 - Sep 2023
Bulgaria (%) 62.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 61.6 2022 yearly 1993 - 2022
Canada (%) 54.7 Dec 2023 quarterly Mar 1961 - Dec 2023
Chile (%) 65.2 Sep 2022 quarterly Mar 1996 - Sep 2022
China (%) 38.2 2021 yearly 1952 - 2021
Colombia (%) 80.1 Dec 2023 quarterly Mar 2005 - Dec 2023
Croatia (%) 63.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) 59.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Czech Republic (%) 45.9 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 46.1 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 63.1 Mar 2023 quarterly Mar 1991 - Mar 2023
Egypt (%) 78.8 Jun 2023 quarterly Sep 2001 - Jun 2023
Estonia (%) 52.8 Dec 2023 quarterly Mar 1993 - Dec 2023
European Union (%) 52.9 Sep 2023 quarterly Mar 1995 - Sep 2023
Finland (%) 52.0 Jun 2023 quarterly Mar 1975 - Jun 2023
France (%) 53.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Georgia (%) 64.1 Sep 2023 quarterly Mar 1996 - Sep 2023
Germany (%) 50.1 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 77.4 2022 yearly 2006 - 2022
Greece (%) 66.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (%) 69.5 Dec 2023 quarterly Mar 1973 - Dec 2023
Hungary (%) 50.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Iceland (%) 52.9 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) 63.6 Dec 2023 quarterly Jun 1996 - Dec 2023
Indonesia (%) 55.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Iran (%) 45.2 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (%) 32.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 45.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 58.6 Dec 2022 quarterly Mar 1980 - Dec 2022
Ivory Coast (%) 67.7 2022 yearly 1960 - 2022
Japan (%) 53.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Jordan (%) 85.5 2022 yearly 1962 - 2022
Kazakhstan (%) 46.5 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 75.6 2022 yearly 1969 - 2022
South Korea (%) 48.1 Dec 2023 quarterly Mar 1960 - Dec 2023
Kosovo (%) 72.5 Sep 2022 quarterly Mar 2010 - Sep 2022
Kuwait (%) 41.4 2019 yearly 1962 - 2019
Kyrgyzstan (%) 103.0 Sep 2023 quarterly Mar 2000 - Sep 2023
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 60.5 Jun 2023 quarterly Mar 1995 - Jun 2023
Lebanon (%) 106.0 2020 yearly 1990 - 2020
Lithuania (%) 60.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Luxembourg (%) 31.2 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 26.7 Dec 2023 quarterly Mar 1998 - Dec 2023
North Macedonia (%) 67.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (%) 79.2 2019 yearly 1960 - 2019
Malaysia (%) 59.1 Dec 2023 quarterly Mar 1991 - Dec 2023
Malta (%) 43.5 Dec 2023 quarterly Mar 1992 - Dec 2023
Mauritius (%) 70.6 Sep 2023 quarterly Mar 1999 - Sep 2023
Mexico (%) 69.8 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) 90.7 Sep 2023 quarterly Mar 1995 - Sep 2023
Mongolia (%) 41.6 Dec 2023 quarterly Mar 2010 - Dec 2023
Montenegro (%) 60.2 Sep 2023 quarterly Mar 2010 - Sep 2023
Morocco (%) 58.5 Jun 2023 quarterly Mar 2007 - Jun 2023
Mozambique (%) 75.2 2022 yearly 1969 - 2022
Nepal (%) 88.2 2023 yearly 1975 - 2023
Netherlands (%) 42.5 Dec 2023 quarterly Mar 1977 - Dec 2023
New Zealand (%) 60.0 Sep 2023 quarterly Jun 1987 - Sep 2023
Nigeria (%) 65.0 2022 yearly 1981 - 2022
Norway (%) 37.5 Dec 2023 quarterly Mar 1978 - Dec 2023
Oman (%) 34.3 2022 yearly 1980 - 2022
Pakistan (%) 84.2 2023 yearly 1967 - 2023
Palestinian Territory (%) 102.0 Sep 2023 quarterly Mar 2011 - Sep 2023
Panama (%) 50.5 2021 yearly 1996 - 2021
Paraguay (%) 67.7 Sep 2023 quarterly Mar 1994 - Sep 2023
Peru (%) 59.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Philippines (%) 75.6 Dec 2023 quarterly Mar 1981 - Dec 2023
Poland (%) 51.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Portugal (%) 65.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Qatar (%) 20.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 64.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 49.5 Sep 2023 quarterly Mar 1993 - Sep 2023
Saudi Arabia (%) 40.1 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 66.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (%) 31.3 2023 yearly 1960 - 2023
Slovakia (%) 61.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Slovenia (%) 54.0 Sep 2023 quarterly Mar 1995 - Sep 2023
South Africa (%) 62.8 Jun 2023 quarterly Mar 1960 - Jun 2023
Spain (%) 53.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Sri Lanka (%) 60.1 Sep 2023 quarterly Mar 2010 - Sep 2023
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 42.4 Dec 2023 quarterly Mar 1980 - Dec 2023
Switzerland (%) 51.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Syria (%) 128.6 2021 yearly 1970 - 2021

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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 Government Revenue: Consolidated (EUR) 255,979,035.020 Dec 2023 monthly Jan 2012 - Dec 2023
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 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: Cons: ow Current (EUR) 321,973,336.150 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 400,948,545.750 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: Crude Materials: excl Fuels (EUR th) 9,271.644 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: 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: 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
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
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: 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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