Montenegro Tax Revenue: % of GDP

2012 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Tax revenue: % of GDP

  • Montenegro Tax revenue: % of GDP was reported at 22.8 % in Dec 2023.
  • This records an increase from the previous number of 21.4 % for Sep 2023.
  • Montenegro Tax revenue: % of GDP data is updated quarterly, averaging 23.4 % from Mar 2012 to Dec 2023, with 48 observations.
  • The data reached an all-time high of 28.7 % in Mar 2022 and a record low of 19.7 % in Sep 2015.
  • Montenegro Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Ministry of Finance and Social Welfare provides Tax Revenue in local currency. The Statistical Office of Montenegro provides Nominal GDP in local currency.

View Montenegro's Tax Revenue: % of GDP from Mar 2012 to Dec 2023 in the chart:

Montenegro Tax Revenue: % of GDP

What was Montenegro's Tax Revenue: % of GDP in Dec 2023?

Montenegro Tax revenue: % of GDP was reported at 22.8 % in Dec 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
22.8 Dec 2023 21.4 Sep 2023 19.7 Sep 2015 28.7 Mar 2022 % quarterly Mar 2012 - Dec 2023

Tax Revenue: % of GDP by Country Comparison

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Includes Tax Revenue: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 19.6 2022 yearly 2008 - 2022
Algeria (%) 5.0 2022 yearly 1997 - 2022
Argentina (%) 15.6 Dec 2023 quarterly Mar 2004 - Dec 2023
Armenia (%) 25.1 Mar 2023 quarterly Mar 2008 - Mar 2023
Australia (%) 29.2 Dec 2023 quarterly Sep 2002 - Dec 2023
Austria (%) 31.3 Dec 2023 quarterly Mar 2001 - Dec 2023
Azerbaijan (%) 17.9 2023 yearly 1993 - 2023
Bahrain (%) 5.2 2022 yearly 1990 - 2022
Bangladesh (%) 7.9 2023 yearly 2006 - 2023
Belarus (%) 21.7 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 29.7 2022 yearly 1980 - 2022
Bolivia (%) 17.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 21.7 2022 yearly 2005 - 2022
Botswana (%) 34.0 Jun 2023 quarterly Jun 2007 - Jun 2023
Brazil (%) 15.8 Dec 2023 quarterly Sep 1994 - Dec 2023
Brunei (%) 1.6 2022 yearly 2010 - 2022
Bulgaria (%) 28.8 Dec 2023 quarterly Mar 2003 - Dec 2023
Cambodia (%) 18.3 2022 yearly 2013 - 2022
Canada (%) 12.1 Dec 2023 quarterly Mar 1996 - Dec 2023
Chile (%) 19.4 2023 yearly 1990 - 2023
China (%) 12.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Colombia (%) 13.1 Dec 2023 quarterly Mar 2000 - Dec 2023
Croatia (%) 26.2 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 28.8 Sep 2023 quarterly Mar 1995 - Sep 2023
Czech Republic (%) 19.8 Dec 2023 quarterly Mar 1995 - Dec 2023
Denmark (%) 42.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Ecuador (%) 10.4 Dec 2023 quarterly Mar 2000 - Dec 2023
Egypt (%) 5.5 2023 yearly 2005 - 2023
Estonia (%) 22.9 Dec 2023 quarterly Mar 1999 - Dec 2023
European Union (%) 26.7 2022 yearly 1995 - 2022
Finland (%) 30.8 Dec 2023 quarterly Mar 1999 - Dec 2023
France (%) 17.1 Dec 2023 quarterly Mar 2006 - Dec 2023
Georgia (%) 23.9 Dec 2023 quarterly Mar 2006 - Dec 2023
Germany (%) 23.7 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Greece (%) 26.7 Sep 2023 quarterly Mar 1999 - Sep 2023
Hong Kong SAR, China (%) 19.1 Dec 2023 quarterly Sep 1979 - Dec 2023
Hungary (%) 23.6 Dec 2023 quarterly Mar 1999 - Dec 2023
Iceland (%) 40.0 Dec 2023 quarterly Mar 2002 - Dec 2023
India (%) 7.5 Dec 2023 quarterly Jun 1997 - Dec 2023
Indonesia (%) 10.8 Dec 2023 quarterly Mar 2014 - Dec 2023
Iran (%) 5.1 2020 yearly 1996 - 2020
Ireland (%) 16.8 Sep 2023 quarterly Mar 2000 - Sep 2023
Israel (%) 19.7 Dec 2023 quarterly Mar 2001 - Dec 2023
Italy (%) 36.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Ivory Coast (%) 13.0 2023 yearly 1960 - 2023
Japan (%) 12.5 Dec 2023 quarterly Jun 1983 - Dec 2023
Jordan (%) 15.2 2018 yearly 1999 - 2018
Kazakhstan (%) 18.2 Sep 2023 quarterly Mar 2008 - Sep 2023
Kenya (%) 7.1 2022 yearly 2006 - 2022
South Korea (%) 22.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Kosovo (%) 24.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 1.0 2022 yearly 1986 - 2022
Kyrgyzstan (%) 21.5 Dec 2023 quarterly Mar 2007 - Dec 2023
Laos (%) 11.3 2022 yearly 2012 - 2022
Latvia (%) 22.4 Jun 2023 quarterly Mar 1999 - Jun 2023
Lebanon (%) 10.9 2020 yearly 1998 - 2020
Lithuania (%) 22.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Luxembourg (%) 27.2 2022 yearly 1995 - 2022
Macau SAR, China (%) 17.1 2022 yearly 2002 - 2022
North Macedonia (%) 20.0 Dec 2023 quarterly Mar 2004 - Dec 2023
Malawi (%) 11.4 2021 yearly 2009 - 2021
Malaysia (%) 12.3 Sep 2023 quarterly Mar 1991 - Sep 2023
Malta (%) 21.7 Sep 2023 quarterly Mar 2000 - Sep 2023
Mauritius (%) 21.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Mexico (%) 14.0 Dec 2023 quarterly Mar 1993 - Dec 2023
Moldova (%) 21.1 2023 yearly 2004 - 2023
Mongolia (%) 19.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Montenegro (%) 22.8 Dec 2023 quarterly Mar 2012 - Dec 2023
Morocco (%) 22.5 Jun 2022 quarterly Mar 2007 - Jun 2022
Mozambique (%) 18.2 2016 yearly 1996 - 2016
Myanmar (%) 4.4 2021 yearly 2005 - 2021
Nepal (%) 19.1 2018 yearly 2001 - 2018
Netherlands (%) 26.9 Dec 2023 quarterly Mar 1999 - Dec 2023
New Zealand (%) 31.5 2023 yearly 1999 - 2023
Norway (%) 32.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Oman (%) 3.8 2021 yearly 1996 - 2021
Pakistan (%) 5.8 2023 yearly 2000 - 2023
Palestinian Territory (%) 21.4 2020 yearly 2005 - 2020
Panama (%) 9.6 Dec 2023 quarterly Mar 2007 - Dec 2023
Paraguay (%) 9.6 Dec 2023 quarterly Mar 1998 - Dec 2023
Peru (%) 13.6 Dec 2023 quarterly Mar 1990 - Dec 2023
Philippines (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
Poland (%) 15.6 Dec 2023 quarterly Mar 2007 - Dec 2023
Portugal (%) 22.3 Jun 2023 quarterly Mar 1999 - Jun 2023
Russia (%) 21.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Serbia (%) 41.7 Jun 2023 quarterly Mar 2005 - Jun 2023
Singapore (%) 10.1 Dec 2023 quarterly Dec 1987 - Dec 2023
Slovakia (%) 15.6 Dec 2023 quarterly Mar 2005 - Dec 2023
Slovenia (%) 20.9 Dec 2023 quarterly Mar 2000 - Dec 2023
South Africa (%) 23.7 Dec 2023 quarterly Mar 1990 - Dec 2023
Spain (%) 24.6 2022 yearly 1995 - 2022
Sri Lanka (%) 10.6 Sep 2023 quarterly Mar 2014 - Sep 2023
Sudan (%) 5.6 2021 yearly 2001 - 2021
Sweden (%) 21.9 2022 yearly 1995 - 2022
Switzerland (%) 27.5 2021 yearly 1990 - 2021
Taiwan (%) 10.3 Dec 2023 quarterly Mar 1975 - Dec 2023
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.4 2022 yearly 1990 - 2022
Tunisia (%) 24.6 2022 yearly 1991 - 2022

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Montenegro Key Series

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Includes 161 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 (%) 0.2 Dec 2023 quarterly Dec 2012 - Dec 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 (%) 22.8 Dec 2023 quarterly Mar 2012 - Dec 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) 256,012,257.490 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Excises (EUR) 22,366,846.550 Feb 2024 monthly Jan 2012 - Feb 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,918,956.860 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 214,470,792.860 Feb 2024 monthly Jan 2012 - Feb 2024
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 81,980,319.980 Feb 2024 monthly Jan 2012 - Feb 2024
General Govt Expenditure: Cons: ow Current (EUR) 204,638,222.040 Feb 2024 monthly Jan 2012 - Feb 2024
General Govt Revenue: Cons: Taxes (EUR) 121,308,599.170 Feb 2024 monthly Jan 2012 - Feb 2024
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) 0.202 Feb 2024 monthly Jan 2010 - Feb 2024
Total Imports from USA (USD mn) 3.134 Feb 2024 monthly Jan 2006 - Feb 2024
Total Exports to China (USD mn) 3.786 Feb 2024 monthly Jan 2010 - Feb 2024
Total Imports from China (USD mn) 43.862 Feb 2024 monthly Jan 2006 - Feb 2024
Exports (EUR th) 39,512.254 Sep 2023 monthly Jan 2005 - Sep 2023
Exports: Manufactured Goods (EUR th) 10,205.156 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Machinery & Transport Equipment (EUR th) 20,442.833 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Food & Live Animals (EUR th) 3,589.306 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Crude Materials: excl Fuels (EUR th) 9,713.931 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 11,409.210 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Europe: CEFTA: Serbia (EUR th) 17,885.372 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Europe: EU-28: Slovenia (EUR th) 3,646.741 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 42,690.952 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Manufactured Goods (EUR th) 52,319.526 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Food & Live Animals (EUR th) 55,315.303 Feb 2024 monthly Mar 2009 - Feb 2024
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Machinery & Transport Equipment (EUR th) 82,421.680 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 25,790.103 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Europe: CEFTA: Serbia (EUR th) 47,843.029 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Europe: EU-28: Greece (EUR th) 16,962.572 Feb 2024 monthly Mar 2009 - Feb 2024
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 (%) -24.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 8.0 Dec 2023 quarterly Mar 2010 - Dec 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.1 Dec 2023 quarterly Mar 2010 - Dec 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: 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
BoP: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 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 Dec 2023 quarterly Dec 2010 - Dec 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 Feb 2024 monthly Jan 2002 - Feb 2024
Foreign Exchange Reserves (USD mn) 1,246.2 Feb 2024 monthly Dec 2002 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 19.669 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 3.8 Feb 2024 monthly Jan 2005 - Feb 2024
Gold Reserves (USD mn) 0.000 Feb 2024 monthly Dec 2002 - Feb 2024
Total Deposits (USD mn) 5,833.846 Feb 2024 monthly Jan 2003 - Feb 2024
Total Deposits Growth (%) 3.2 Feb 2024 monthly Jan 2004 - Feb 2024
Domestic Credit (USD mn) 3,867.8 Feb 2024 monthly Jan 2005 - Feb 2024
Domestic Credit Growth (%) 7.7 Feb 2024 monthly Jan 2006 - Feb 2024
Household Debt (USD mn) 1,858.0 Feb 2024 monthly Dec 2004 - Feb 2024
Total Loans (USD mn) 4,500.728 Feb 2024 monthly Jan 2003 - Feb 2024
Total Loans Growth (%) 9.31 Feb 2024 monthly Jan 2004 - Feb 2024
Private Debt: % of Nominal GDP (%) 43.41 Dec 2023 quarterly Dec 2010 - Dec 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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