Montenegro Private Debt: % of Nominal GDP

2007 - 2025 | Quarterly | % | CEIC Data

Key information about Montenegro Private Debt: % of Nominal GDP

  • Montenegro Private Debt accounted for 50.62 % of its Nominal GDP in Dec 2025, compared with a ratio of 49.09 % in the previous quarter
  • Montenegro Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 2007 to Dec 2025, with an average share of 50.74 %
  • The data reached an all-time high of 90.15 % in Sep 2008 and a record low of 42.05 % in Dec 2023

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Loans to Private Non Financial Sector, Households and Non Profit Organizations. The Central Bank of Montenegro provides Private Debt in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.

View Montenegro's Private Debt: % of Nominal GDP from Mar 2007 to Dec 2025 in the chart:

Montenegro Private Debt: % of Nominal GDP

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

Montenegro Private Debt accounted for 50.62 % of its Nominal GDP in Dec 2025, compared with a ratio of 49.09 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
50.62 Dec 2025 49.09 Sep 2025 42.05 Dec 2023 90.15 Sep 2008 % quarterly Mar 2007 - Dec 2025

Private Debt: % of Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 34.45 Mar 2026 quarterly Dec 2002 - Mar 2026
Algeria (%) 18.54 Dec 2024 quarterly Jun 2006 - Dec 2024
Argentina (%) 13.72 Mar 2026 quarterly Dec 2004 - Mar 2026
Armenia (%) 64.40 Mar 2026 quarterly Dec 2000 - Mar 2026
Australia (%) 129.70 Mar 2026 quarterly Mar 1990 - Mar 2026
Austria (%) 85.01 Mar 2026 quarterly Dec 1998 - Mar 2026
Azerbaijan (%) 26.11 Mar 2026 quarterly Dec 2001 - Mar 2026
Bahrain (%) 62.48 Sep 2023 quarterly Mar 2008 - Sep 2023
Bangladesh (%) 31.52 2025 yearly 1974 - 2025
Belarus (%) 20.27 Mar 2026 quarterly Dec 2006 - Mar 2026
Belgium (%) 65.69 Mar 2026 quarterly Mar 1999 - Mar 2026
Bolivia (%) 68.67 Dec 2024 quarterly Dec 1997 - Dec 2024
Bosnia and Herzegovina (%) 47.17 Mar 2026 quarterly Dec 2008 - Mar 2026
Botswana (%) 29.71 Mar 2026 quarterly Dec 2002 - Mar 2026
Brazil (%) 53.51 Jun 2026 quarterly Mar 2012 - Jun 2026
Brunei (%) 30.57 Mar 2026 quarterly Mar 2011 - Mar 2026
Bulgaria (%) 48.52 Dec 2025 quarterly Dec 2005 - Dec 2025
Cambodia (%) 119.72 2025 yearly 2010 - 2025
Canada (%) 209.41 Mar 2026 quarterly Mar 1969 - Mar 2026
Chile (%) 65.42 Dec 2025 quarterly Mar 2012 - Dec 2025
China (%) 198.85 Sep 2025 quarterly Dec 1992 - Sep 2025
Colombia (%) 39.40 Mar 2026 quarterly Dec 2005 - Mar 2026
Croatia (%) 49.39 Mar 2026 quarterly Dec 2008 - Mar 2026
Cyprus (%) 53.18 Mar 2026 quarterly Dec 2005 - Mar 2026
Czech Republic (%) 47.72 Dec 2025 quarterly Mar 1997 - Dec 2025
Denmark (%) 28.74 Mar 2026 quarterly Dec 2013 - Mar 2026
Ecuador (%) 57.92 Mar 2026 quarterly Mar 2004 - Mar 2026
Egypt (%) 24.36 Dec 2025 quarterly Jun 2002 - Dec 2025
Estonia (%) 63.71 Mar 2026 quarterly Mar 1997 - Mar 2026
European Union (%) 77.07 Mar 2026 quarterly Sep 1997 - Mar 2026
Finland (%) 88.93 Mar 2026 quarterly Sep 1997 - Mar 2026
France (%) 105.83 Jun 2026 quarterly Mar 1980 - Jun 2026
Georgia (%) 66.85 Mar 2026 quarterly Dec 1996 - Mar 2026
Germany (%) 71.26 Mar 2026 quarterly Dec 1991 - Mar 2026
Ghana (%) 7.16 Mar 2026 quarterly Dec 2006 - Mar 2026
Greece (%) 52.17 Mar 2026 quarterly Mar 2001 - Mar 2026
Hong Kong SAR, China (%) 188.87 Mar 2026 quarterly Dec 1973 - Mar 2026
Hungary (%) 55.06 Mar 2026 quarterly Dec 2015 - Mar 2026
Iceland (%) 87.77 Mar 2026 quarterly Dec 1995 - Mar 2026
India (%) 51.51 Mar 2022 quarterly Mar 1997 - Mar 2022
Indonesia (%) 30.84 Jun 2026 quarterly Mar 2002 - Jun 2026
Iran (%) 57.83 2016 yearly 1961 - 2016
Ireland (%) 22.27 Dec 2025 quarterly Mar 2003 - Dec 2025
Israel (%) 116.46 Mar 2026 quarterly Dec 1995 - Mar 2026
Italy (%) 57.18 Mar 2026 quarterly Jun 1998 - Mar 2026
Ivory Coast (%) 22.95 2025 yearly 2016 - 2025
Japan (%) 114.41 Mar 2026 quarterly Dec 2001 - Mar 2026
Jordan (%) 69.48 Mar 2026 quarterly Mar 2002 - Mar 2026
Kazakhstan (%) 26.63 Mar 2026 quarterly Mar 1996 - Mar 2026
Kenya (%) 28.07 Dec 2025 quarterly Dec 2009 - Dec 2025
South Korea (%) 136.79 Mar 2026 quarterly Mar 1991 - Mar 2026
Kosovo (%) 60.21 Mar 2026 quarterly Dec 2010 - Mar 2026
Kuwait (%) 109.74 Mar 2026 quarterly Dec 2010 - Mar 2026
Kyrgyzstan (%) 28.45 Jun 2026 quarterly Dec 2003 - Jun 2026
Laos (%) 59.39 2025 yearly 2012 - 2025
Latvia (%) 30.61 Dec 2025 quarterly Sep 2003 - Dec 2025
Lebanon (%) 102.16 2017 yearly 1988 - 2017
Lithuania (%) 40.06 Jun 2026 quarterly Mar 2004 - Jun 2026
Luxembourg (%) 78.67 Mar 2026 quarterly Mar 1999 - Mar 2026
Macau SAR, China (%) 112.96 Jun 2026 quarterly Dec 2001 - Jun 2026
North Macedonia (%) 52.91 Mar 2026 quarterly Mar 2003 - Mar 2026
Malawi (%) 7.49 2023 yearly 2017 - 2023
Malaysia (%) 117.79 Mar 2026 quarterly Dec 2001 - Mar 2026
Malta (%) 64.48 Mar 2026 quarterly Dec 2003 - Mar 2026
Mauritius (%) 71.20 Mar 2026 quarterly Dec 2001 - Mar 2026
Mexico (%) 21.67 Mar 2026 quarterly Mar 2004 - Mar 2026
Moldova (%) 29.51 Mar 2026 quarterly Mar 2000 - Mar 2026
Mongolia (%) 46.64 Mar 2026 quarterly Dec 2010 - Mar 2026
Montenegro (%) 50.62 Dec 2025 quarterly Mar 2007 - Dec 2025
Morocco (%) 50.84 Mar 2026 quarterly Dec 2007 - Mar 2026
Mozambique (%) 16.84 2024 yearly 2001 - 2024
Myanmar (%) 28.98 2020 yearly 1960 - 2020
Nepal (%) 75.22 2025 yearly 2003 - 2025
Netherlands (%) 84.31 Jun 2026 quarterly Dec 1995 - Jun 2026
New Zealand (%) 136.85 Dec 2025 quarterly Mar 1988 - Dec 2025
Nigeria (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 119.15 Mar 2026 quarterly Mar 1996 - Mar 2026
Oman (%) 55.84 Mar 2026 quarterly Dec 2005 - Mar 2026
Pakistan (%) 8.89 2025 yearly 2005 - 2025
Palestinian Territory (%) 51.40 Mar 2026 quarterly Dec 2013 - Mar 2026
Panama (%) 67.13 Dec 2025 quarterly Dec 2007 - Dec 2025
Paraguay (%) 40.85 Sep 2023 quarterly Dec 1994 - Sep 2023
Peru (%) 30.92 Mar 2026 quarterly Mar 1992 - Mar 2026
Philippines (%) 52.60 Jun 2026 quarterly Dec 2001 - Jun 2026
Poland (%) 33.13 Mar 2026 quarterly Dec 2009 - Mar 2026
Portugal (%) 71.97 Mar 2026 quarterly Dec 1995 - Mar 2026
Qatar (%) 119.88 Dec 2025 quarterly Dec 2011 - Dec 2025
Romania (%) 21.99 Mar 2026 quarterly Mar 2007 - Mar 2026
Russia (%) 55.59 Dec 2023 quarterly Sep 2002 - Dec 2023
Saudi Arabia (%) 65.35 Mar 2026 quarterly Dec 2003 - Mar 2026
Serbia (%) 35.36 Dec 2025 quarterly Mar 2004 - Dec 2025
Singapore (%) 127.25 Mar 2026 quarterly Mar 2004 - Mar 2026
Slovakia (%) 60.33 Mar 2026 quarterly Mar 2009 - Mar 2026
Slovenia (%) 36.04 Dec 2025 quarterly Dec 2004 - Dec 2025
South Africa (%) 68.38 Mar 2026 quarterly Mar 1965 - Mar 2026
Spain (%) 69.82 Mar 2026 quarterly Mar 2003 - Mar 2026
Sri Lanka (%) 25.87 Dec 2024 quarterly Dec 2010 - Dec 2024
Sudan (%) 5.64 2022 yearly 1960 - 2022
Sweden (%) 122.41 Mar 2026 quarterly Dec 1991 - Mar 2026
Switzerland (%) 162.30 Mar 2026 quarterly Dec 1996 - Mar 2026

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.4 Mar 2026 quarterly Dec 2012 - Mar 2026
Consolidated Fiscal Balance (USD mn) -16.019 Jun 2026 monthly Jan 2012 - Jun 2026
Tax Revenue (USD mn) 226.796 Jun 2026 monthly Jan 2012 - Jun 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 Government Revenue: Consolidated (EUR) 254,429,520.690 Jun 2026 monthly Jan 2012 - Jun 2026
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 126,635,380.590 Jun 2026 monthly Jan 2012 - Jun 2026
General Govt Revenue: Cons: Taxes (EUR) 196,939,995.220 Jun 2026 monthly Jan 2012 - Jun 2026
General Govt Expenditure: Consolidated (EUR) 268,339,350.350 Jun 2026 monthly Jan 2012 - Jun 2026
General Govt Expenditure: Cons: ow Current (EUR) 249,751,802.030 Jun 2026 monthly Jan 2012 - Jun 2026
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -13,909,829.660 Jun 2026 monthly Jan 2012 - Jun 2026
General Govt Revenue: Cons: Taxes: Excises (EUR) 37,329,927.850 Jun 2026 monthly Jan 2012 - Jun 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) -456.6 Jun 2026 monthly Jan 2005 - Jun 2026
Total Exports (USD mn) 53.8 Jun 2026 monthly Jan 2005 - Jun 2026
Total Exports Growth (%) 3.2 Jun 2026 monthly Jan 2006 - Jun 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) 510.4 Jun 2026 monthly Jan 2005 - Jun 2026
Total Imports Growth (%) 7.7 Jun 2026 monthly Jan 2006 - Jun 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) 0.728 Jun 2026 monthly Jan 2010 - Jun 2026
Total Imports from USA (USD mn) 4.462 Jun 2026 monthly Jan 2006 - Jun 2026
Total Exports to China (USD mn) 0.647 Jun 2026 monthly Jan 2010 - Jun 2026
Total Imports from China (USD mn) 65.960 Jun 2026 monthly Jan 2006 - Jun 2026
Exports: Europe: CEFTA: Serbia (EUR th) 12,712.480 Jun 2026 monthly Mar 2009 - Jun 2026
Exports: Europe: EU-28: Slovenia (EUR th) 5,166.395 Jun 2026 monthly Mar 2009 - Jun 2026
Exports: Crude Materials: excl Fuels (EUR th) 6,619.939 Jun 2026 monthly Mar 2009 - Jun 2026
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 11,758.562 Jun 2026 monthly Mar 2009 - Jun 2026
Exports: Manufactured Goods (EUR th) 4,761.868 Jun 2026 monthly Mar 2009 - Jun 2026
Exports: Food & Live Animals (EUR th) 5,882.635 Jun 2026 monthly Mar 2009 - Jun 2026
Exports: Machinery & Transport Equipment (EUR th) 2,795.108 Jun 2026 monthly Mar 2009 - Jun 2026
Imports: Europe: EU-28: Greece (EUR th) 34,910.461 Jun 2026 monthly Mar 2009 - Jun 2026
Imports: Europe: CEFTA: Serbia (EUR th) 80,979.298 Jun 2026 monthly Mar 2009 - Jun 2026
Imports: Manufactured Goods (EUR th) 62,328.007 Jun 2026 monthly Mar 2009 - Jun 2026
Imports: Miscellaneous Manufactured Goods (EUR th) 62,629.043 Jun 2026 monthly Mar 2009 - Jun 2026
Imports: Machinery & Transport Equipment (EUR th) 114,005.805 Jun 2026 monthly Mar 2009 - Jun 2026
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 52,410.372 Jun 2026 monthly Mar 2009 - Jun 2026
Imports: Food & Live Animals (EUR th) 81,854.946 Jun 2026 monthly Mar 2009 - Jun 2026
Exports (EUR th) 46,683.904 Jun 2026 monthly Jan 2005 - Jun 2026
Imports (EUR th) 443,218.640 Jun 2026 monthly Jan 2005 - Jun 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: 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: 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: 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 (%) 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) 6,914.389 Jun 2026 monthly Jan 2003 - Jun 2026
Total Deposits Growth (%) 6.0 Jun 2026 monthly Jan 2004 - Jun 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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