Montenegro Private Consumption: % of GDP

2006 - 2025 | Quarterly | % | CEIC Data

Key information about Montenegro Private Consumption: % of GDP

  • Montenegro Private Consumption accounted for 87.4 % of its Nominal GDP in Dec 2025, compared with a ratio of 65.1 % in the previous quarter.
  • Montenegro Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 2006 to Dec 2025, with an average share of 85.6 %.
  • The data reached an all-time high of 118.3 % in Mar 2008 and a record low of 48.3 % 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 1.5 % YoY in Dec 2025.
  • Its Nominal GDP reached 2.3 USD bn in Jun 2025.
  • Montenegro GDP Per Capita reached 13,260.1 USD in Dec 2024.
  • Its Gross Savings Rate was measured at -9.4 % in Dec 2025.

View Montenegro's Private Consumption: % of GDP from Mar 2006 to Dec 2025 in the chart:

Montenegro Private Consumption: % of GDP

What was Montenegro's Private Consumption: % of GDP in Dec 2025?

Montenegro Private Consumption accounted for 87.4 % of its Nominal GDP in Dec 2025, compared with a ratio of 65.1 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
87.4 Dec 2025 65.1 Sep 2025 48.3 Sep 2019 118.3 Mar 2008 % quarterly Mar 2006 - Dec 2025

Private Consumption: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 70.4 Jun 2025 quarterly Mar 1995 - Jun 2025
Algeria (%) 41.3 2024 yearly 1950 - 2024
Argentina (%) 78.4 Mar 2026 quarterly Mar 1993 - Mar 2026
Armenia (%) 64.6 Dec 2025 quarterly Dec 1994 - Dec 2025
Australia (%) 52.0 Dec 2025 quarterly Sep 1959 - Dec 2025
Austria (%) 51.2 Mar 2026 quarterly Mar 1988 - Mar 2026
Azerbaijan (%) 57.9 Jun 2025 quarterly Mar 2001 - Jun 2025
Bahrain (%) 39.8 2024 yearly 1975 - 2024
Bangladesh (%) 72.2 2025 yearly 1973 - 2025
Belarus (%) 58.9 Mar 2026 quarterly Mar 1994 - Mar 2026
Belgium (%) 51.3 Mar 2026 quarterly Mar 1980 - Mar 2026
Bolivia (%) 79.6 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) 69.1 Mar 2026 quarterly Mar 2000 - Mar 2026
Botswana (%) 40.4 Mar 2026 quarterly Mar 2006 - Mar 2026
Brazil (%) 63.2 Mar 2026 quarterly Mar 1996 - Mar 2026
Brunei (%) 33.1 Mar 2026 quarterly Mar 2004 - Mar 2026
Bulgaria (%) 56.7 Jun 2025 quarterly Mar 1995 - Jun 2025
Cambodia (%) 58.3 2025 yearly 1993 - 2025
Canada (%) 55.8 Dec 2025 quarterly Mar 1961 - Dec 2025
Chile (%) 58.5 Sep 2025 quarterly Mar 1996 - Sep 2025
China (%) 40.0 2024 yearly 1952 - 2024
Colombia (%) 72.8 Mar 2026 quarterly Mar 2005 - Mar 2026
Croatia (%) 60.1 Dec 2025 quarterly Mar 1995 - Dec 2025
Cyprus (%) 60.0 Mar 2026 quarterly Mar 1995 - Mar 2026
Czech Republic (%) 46.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Denmark (%) 44.5 Mar 2026 quarterly Mar 1990 - Mar 2026
Ecuador (%) 64.1 Jun 2025 quarterly Mar 1991 - Jun 2025
Egypt (%) 93.4 Mar 2026 quarterly Sep 2001 - Mar 2026
Estonia (%) 52.5 Dec 2025 quarterly Mar 1993 - Dec 2025
European Union (%) 53.4 Mar 2026 quarterly Mar 1995 - Mar 2026
Finland (%) 49.6 Mar 2026 quarterly Mar 1975 - Mar 2026
France (%) 54.5 Mar 2026 quarterly Mar 1980 - Mar 2026
Georgia (%) 75.4 Mar 2026 quarterly Mar 1996 - Mar 2026
Germany (%) 51.9 Mar 2026 quarterly Mar 1991 - Mar 2026
Ghana (%) 79.7 2025 yearly 2006 - 2025
Greece (%) 68.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Hong Kong SAR, China (%) 66.0 Dec 2025 quarterly Mar 1973 - Dec 2025
Hungary (%) 53.0 Jun 2025 quarterly Mar 1995 - Jun 2025
Iceland (%) 49.1 Mar 2026 quarterly Mar 1995 - Mar 2026
India (%) 58.1 Mar 2026 quarterly Jun 1996 - Mar 2026
Indonesia (%) 55.8 Mar 2026 quarterly Mar 1993 - Mar 2026
Iran (%) 55.2 Jun 2025 quarterly Jun 1988 - Jun 2025
Ireland (%) 30.2 Dec 2025 quarterly Mar 1995 - Dec 2025
Israel (%) 47.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Italy (%) 58.7 Sep 2025 quarterly Mar 1980 - Sep 2025
Ivory Coast (%) 66.5 2025 yearly 1960 - 2025
Japan (%) 52.5 Mar 2026 quarterly Mar 1955 - Mar 2026
Jordan (%) 73.6 2023 yearly 1962 - 2023
Kazakhstan (%) 54.6 Jun 2025 quarterly Mar 1994 - Jun 2025
Kenya (%) 76.3 2025 yearly 1969 - 2025
South Korea (%) 44.6 Mar 2026 quarterly Mar 1960 - Mar 2026
Kosovo (%) 88.2 Jun 2025 quarterly Mar 2010 - Jun 2025
Kuwait (%) 41.6 2024 yearly 1962 - 2024
Kyrgyzstan (%) 90.7 Dec 2025 quarterly Mar 2000 - Dec 2025
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 53.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Lebanon (%) 110.7 2024 yearly 2004 - 2024
Lithuania (%) 53.3 Sep 2025 quarterly Mar 1993 - Sep 2025
Luxembourg (%) 33.8 Jun 2025 quarterly Mar 1995 - Jun 2025
Macau SAR, China (%) 28.7 Dec 2025 quarterly Mar 1998 - Dec 2025
North Macedonia (%) 68.5 Jun 2025 quarterly Mar 2000 - Jun 2025
Malawi (%) 84.1 2025 yearly 1960 - 2025
Malaysia (%) 61.9 Mar 2026 quarterly Mar 1991 - Mar 2026
Malta (%) 45.0 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (%) 65.2 Mar 2026 quarterly Mar 1999 - Mar 2026
Mexico (%) 69.1 Mar 2026 quarterly Mar 1993 - Mar 2026
Moldova (%) 92.5 Mar 2026 quarterly Mar 1995 - Mar 2026
Mongolia (%) 51.2 Mar 2026 quarterly Mar 2010 - Mar 2026
Montenegro (%) 87.4 Dec 2025 quarterly Mar 2006 - Dec 2025
Morocco (%) 57.5 Mar 2026 quarterly Mar 2007 - Mar 2026
Mozambique (%) 73.9 2024 yearly 1969 - 2024
Nepal (%) 86.2 2025 yearly 1975 - 2025
Netherlands (%) 43.4 Mar 2026 quarterly Mar 1977 - Mar 2026
New Zealand (%) 57.3 Dec 2025 quarterly Jun 1987 - Dec 2025
Nigeria (%) 47.0 2024 yearly 1981 - 2024
Norway (%) 40.2 Mar 2026 quarterly Mar 1978 - Mar 2026
Oman (%) 39.1 2024 yearly 1980 - 2024
Pakistan (%) 83.6 2025 yearly 1967 - 2025
Palestinian Territory (%) 98.5 Mar 2026 quarterly Mar 2011 - Mar 2026
Panama (%) 47.3 2023 yearly 1996 - 2023
Paraguay (%) 64.4 Mar 2026 quarterly Mar 1994 - Mar 2026
Peru (%) 57.9 Mar 2026 quarterly Mar 1980 - Mar 2026
Philippines (%) 78.6 Mar 2026 quarterly Mar 1981 - Mar 2026
Poland (%) 62.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Portugal (%) 63.4 Mar 2026 quarterly Mar 1995 - Mar 2026
Qatar (%) 20.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 64.8 Mar 2026 quarterly Mar 1995 - Mar 2026
Russia (%) 56.8 Mar 2026 quarterly Mar 1993 - Mar 2026
Saudi Arabia (%) 44.7 Mar 2026 quarterly Mar 2003 - Mar 2026
Serbia (%) 66.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Singapore (%) 31.1 2025 yearly 1960 - 2025
Slovakia (%) 58.5 Jun 2025 quarterly Mar 1993 - Jun 2025
Slovenia (%) 52.6 Dec 2025 quarterly Mar 1995 - Dec 2025
South Africa (%) 63.9 Mar 2026 quarterly Mar 1960 - Mar 2026
Spain (%) 57.9 Mar 2026 quarterly Mar 1980 - Mar 2026
Sri Lanka (%) 66.7 Mar 2026 quarterly Mar 2010 - Mar 2026
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 45.8 Mar 2026 quarterly Mar 1980 - Mar 2026
Switzerland (%) 49.9 Mar 2026 quarterly Mar 1980 - Mar 2026
Syria (%) 114.8 2022 yearly 1970 - 2022

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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 Revenue: Cons: Taxes: Excises (EUR) 32,034,430.120 May 2026 monthly Jan 2012 - May 2026
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -71,246,649.630 May 2026 monthly Jan 2012 - May 2026
General Govt Revenue: Cons: Taxes (EUR) 171,910,737.140 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 Government Revenue: Consolidated (EUR) 216,319,266.010 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 Govt Expenditure: Consolidated (EUR) 287,565,915.640 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: Mineral Fuels, Lubricants & Related Materials (EUR th) 11,208.711 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: 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: Manufactured Goods (EUR th) 57,443.242 May 2026 monthly Mar 2009 - May 2026
Imports: Miscellaneous Manufactured Goods (EUR th) 51,039.432 May 2026 monthly Mar 2009 - May 2026
Imports: Food & Live Animals (EUR th) 68,927.561 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: 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
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: Export (EUR th) 120,372.138 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: 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
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: 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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