Montenegro Current Account Balance: % of GDP
Key information about Montenegro Current Account Balance: % of GDP
- Montenegro Current Account deficit accounted for 23.1 % of the country's Nominal GDP in Jun 2024, compared with a 32.3 % deficit in the previous quarter.
- Montenegro Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2010 to Jun 2024, with an average value of -25.9 %.
- The data reached an all-time high of 24.6 % in Sep 2015 and a record low of -39.9 % in Jun 2016.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Central Bank of Montenegro provides Current Account Balance in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.
Key information about Montenegro Current Account Balance: % of GDP
- In the latest reports of Montenegro, Current Account recorded a deficit of 278.9 USD mn in Mar 2023.
- Foreign Direct Investment (FDI) increased by 154.9 USD mn in Sep 2024.
- Montenegro Direct Investment Abroad expanded by 15.1 USD mn in Sep 2024.
- Its Foreign Portfolio Investment fell by 11.4 USD mn in Sep 2024.
- The country's Nominal GDP was reported at 1.3 USD bn in Mar 2023.
View Montenegro's Current Account Balance: % of GDP from Mar 2010 to Jun 2024 in the chart:
What was Montenegro's Current Account Balance: % of GDP in Jun 2024?
Montenegro Current Account deficit accounted for 23.1 % of the country's Nominal GDP in Jun 2024, compared with a 32.3 % deficit in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-23.1 Jun 2024 | -32.3 Mar 2024 | -39.9 Jun 2016 | 24.6 Sep 2015 | % | quarterly | Mar 2010 - Jun 2024 |
Current Account Balance: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | -3.4 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Algeria (%) | -0.4 Mar 2024 | quarterly | Mar 2007 - Mar 2024 |
Argentina (%) | 0.8 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
Armenia (%) | -2.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
Australia (%) | -2.1 Sep 2024 | quarterly | Sep 1959 - Sep 2024 |
Austria (%) | 0.5 Jun 2024 | quarterly | Mar 1970 - Jun 2024 |
Azerbaijan (%) | 4.9 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Belgium (%) | -1.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Bolivia (%) | 0.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Bosnia and Herzegovina (%) | -3.9 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Brazil (%) | -3.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | 5.7 Sep 2024 | quarterly | Sep 1999 - Sep 2024 |
Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Canada (%) | -0.4 Sep 2024 | quarterly | Mar 1957 - Sep 2024 |
Chile (%) | -3.9 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
China (%) | 3.2 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
Colombia (%) | -1.6 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Croatia (%) | -5.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Cyprus (%) | -0.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Czech Republic (%) | -0.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Denmark (%) | 15.2 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Ecuador (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 3.8 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Finland (%) | 3.4 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
Georgia (%) | -7.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Germany (%) | 5.2 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Greece (%) | 1.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Hong Kong SAR, China (%) | 14.9 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Hungary (%) | 1.3 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Iceland (%) | 3.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
India (%) | -1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | 16.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Israel (%) | 2.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Italy (%) | 1.4 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | -7.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
South Korea (USD mn) | 7,614.6 Oct 2024 | monthly | Jan 1980 - Oct 2024 |
Kosovo (%) | 9.2 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Kuwait (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
Latvia (%) | -4.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
Lithuania (%) | 2.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Luxembourg (%) | 10.8 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Macau SAR, China (%) | 37.0 2023 | yearly | 2002 - 2023 |
North Macedonia (%) | 6.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Malawi (%) | -17.0 2023 | yearly | 1977 - 2023 |
Malaysia (%) | 0.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Malta (%) | 7.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Mauritius (%) | -6.8 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Mexico (%) | 0.2 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Moldova (%) | -16.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Mongolia (%) | -14.1 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Montenegro (%) | -23.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
Netherlands (%) | 9.5 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
New Zealand (%) | -5.8 Sep 2024 | quarterly | Jun 1987 - Sep 2024 |
Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Norway (%) | 18.1 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Paraguay (%) | -3.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Peru (%) | 2.5 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Portugal (%) | 4.7 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
Qatar (%) | 20.7 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Romania (%) | -9.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Russia (%) | 3.4 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
Saudi Arabia (%) | 1.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Serbia (%) | -10.3 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
Singapore (%) | 18.7 Sep 2024 | quarterly | Mar 1986 - Sep 2024 |
Slovakia (%) | -2.4 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
Slovenia (%) | 6.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
South Africa (%) | -1.0 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
Spain (%) | 4.0 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Sri Lanka (%) | 1.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 6.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
Switzerland (%) | 3.0 Sep 2024 | quarterly | Mar 1983 - Sep 2024 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -0.9 Sep 2024 | quarterly | Dec 2012 - Sep 2024 |
Consolidated Fiscal Balance (USD mn) | -14.329 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
Tax Revenue (USD mn) | 186.240 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
Tax Revenue: % of GDP (%) | 22.8 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
National Government Debt (USD mn) | 4,906.6 Sep 2024 | monthly | Dec 2010 - Sep 2024 |
Government Debt: % of GDP (%) | 59.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Forecast: Government Expenditure (EUR bn) | 4.457 2029 | yearly | 2002 - 2029 |
Forecast: Government Net Debt (EUR bn) | 6.678 2029 | yearly | 2002 - 2029 |
Forecast: Government Revenue (EUR bn) | 3.919 2029 | yearly | 2002 - 2029 |
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 118,929,652.580 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
General Government Revenue: Consolidated (EUR) | 241,106,088.710 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
General Govt Revenue: Cons: Taxes (EUR) | 170,940,704.730 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
General Govt Expenditure: Consolidated (EUR) | 254,257,617.430 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -13,151,528.720 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
General Govt Expenditure: Cons: ow Current (EUR) | 226,361,654.110 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
General Govt Revenue: Cons: Taxes: Excises (EUR) | 33,032,024.920 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 1.534 2028 | yearly | 2003 - 2028 |
Trade Balance (USD mn) | -335.0 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
Total Exports (USD mn) | 50.9 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
Total Exports Growth (%) | -2.2 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
Aluminum: Exports (USD th) | 77,568.321 2023 | yearly | 2008 - 2023 |
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) | 385.8 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
Total Imports Growth (%) | 7.0 Oct 2024 | monthly | Jan 2006 - Oct 2024 |
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) | 0.554 Oct 2024 | monthly | Jan 2010 - Oct 2024 |
Total Imports from USA (USD mn) | 3.002 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
Total Exports to China (USD mn) | 0.157 Oct 2024 | monthly | Jan 2010 - Oct 2024 |
Total Imports from China (USD mn) | 43.255 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
Exports (EUR th) | 46,683.107 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
Exports: Machinery & Transport Equipment (EUR th) | 6,893.886 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 10,829.316 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Exports: Food & Live Animals (EUR th) | 6,640.508 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Exports: Crude Materials: excl Fuels (EUR th) | 7,736.733 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Exports: Manufactured Goods (EUR th) | 2,667.216 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Exports: Europe: EU-28: Slovenia (EUR th) | 2,763.664 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Exports: Europe: CEFTA: Serbia (EUR th) | 14,378.957 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Imports: Miscellaneous Manufactured Goods (EUR th) | 54,347.728 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Imports: Machinery & Transport Equipment (EUR th) | 87,414.130 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 35,899.363 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Imports: Manufactured Goods (EUR th) | 58,882.201 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Imports (EUR th) | 354,145.127 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
Imports: Food & Live Animals (EUR th) | 66,029.012 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Imports: Europe: CEFTA: Serbia (EUR th) | 65,579.213 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Imports: Europe: EU-28: Greece (EUR th) | 18,521.094 Oct 2024 | monthly | Mar 2009 - Oct 2024 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 15.1 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Current Account Balance (USD mn) | -278.9 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
Current Account Balance: % of GDP (%) | -23.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Direct Investment (USD mn) | 154.9 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Foreign Direct Investment: % of GDP (%) | 7.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment (USD mn) | -11.402 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Foreign Portfolio Investment: % of GDP (%) | -0.4 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 137.6 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 17.205 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
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) | -1.492 2029 | yearly | 2001 - 2029 |
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) | 4,046.072 Sep 2024 | monthly | Dec 2010 - Sep 2024 |
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: Slovenia (EUR) | 9,478,424.000 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 (%) | 25.6 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Non-Performing Loans (USD mn) | 218.559 Nov 2022 | monthly | Dec 2010 - Nov 2022 |
M2 Growth (%) | 12.0 2023 | yearly | 2003 - 2023 |
Reserve Requirement Ratio (%) | 5.5 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
Foreign Exchange Reserves (USD mn) | 1,636.8 Oct 2024 | monthly | Dec 2002 - Oct 2024 |
Foreign Exchange Reserves: % of GDP (%) | 21.535 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 4.2 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
Gold Reserves (USD mn) | 0.000 Oct 2024 | monthly | Dec 2002 - Oct 2024 |
Total Deposits (USD mn) | 6,064.066 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
Total Deposits Growth (%) | 5.6 Nov 2024 | monthly | Jan 2004 - Nov 2024 |
Domestic Credit (USD mn) | 3,693.7 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
Domestic Credit Growth (%) | 3.6 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
Household Debt (USD mn) | 2,047.1 Nov 2024 | monthly | Dec 2004 - Nov 2024 |
Total Loans (USD mn) | 4,910.461 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
Total Loans Growth (%) | 13.97 Nov 2024 | monthly | Jan 2004 - Nov 2024 |
Private Debt: % of Nominal GDP (%) | 45.02 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
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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