Montenegro Private Debt: % of Nominal GDP
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:
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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| 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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