Montenegro Household Debt: % of GDP

2010 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Household Debt: % of GDP

  • Montenegro household debt accounted for 24.7 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 24.7 % in the previous quarter.
  • Montenegro household debt to GDP ratio is updated quarterly, available from Dec 2010 to Dec 2023.
  • The data reached an all-time high of 33.5 % in Mar 2021 and a record low of 24.7 % in Dec 2023.

CEIC calculates quarterly Household Debt as % of GDP from monthly Household Debt and quarterly Nominal GDP. The Central Bank of Montenegro provides Household Debt in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR. Loans are used due to the lack of Flow of Funds statistics.


Related information about Montenegro Household Debt: % of GDP

  • In the latest reports, Montenegro Household Debt reached 1.9 USD bn in Feb 2024.
  • Money Supply M2 in Montenegro increased 22.9 % YoY in Dec 2022.
  • Montenegro Foreign Exchange Reserves was measured at 1.3 USD bn in Jan 2024.
  • The Foreign Exchange Reserves equaled 4.5 Months of Import in Aug 2023.
  • Montenegro Domestic Credit reached 3.9 USD bn in Feb 2024, representing an increased of 7.7 % YoY.
  • The country's Non Performing Loans Ratio stood at 5.2 % in Jul 2023, compared with the ratio of 5.5 % in the previous month.

View Montenegro's Household Debt: % of GDP from Dec 2010 to Dec 2023 in the chart:

Montenegro Household Debt: % of GDP

What was Montenegro's Household Debt: % of GDP in Dec 2023?

Montenegro household debt accounted for 24.7 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 24.7 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
24.7 Dec 2023 24.7 Sep 2023 24.7 Dec 2023 33.5 Mar 2021 % quarterly Dec 2010 - Dec 2023

Household Debt: % of GDP by Country Comparison

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Includes Household Debt: % of GDP on 90 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 11.8 Sep 2023 quarterly Dec 2008 - Sep 2023
Argentina (%) 3.9 Dec 2023 quarterly Dec 2004 - Dec 2023
Armenia (%) 25.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 45.9 Sep 2023 quarterly Mar 1999 - Sep 2023
Azerbaijan (%) 11.4 Dec 2023 quarterly Mar 2005 - Dec 2023
Belarus (%) 9.9 Mar 2024 quarterly Dec 2006 - Mar 2024
Belgium (%) 60.2 Dec 2023 quarterly Dec 1992 - Dec 2023
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.1 Dec 2023 quarterly Dec 2008 - Dec 2023
Botswana (%) 20.2 Dec 2023 quarterly Dec 2002 - Dec 2023
Brunei (%) 14.4 Dec 2023 quarterly Dec 2013 - Dec 2023
Bulgaria (%) 27.4 2022 yearly 1995 - 2022
Cambodia (%) 36.0 2022 yearly 2008 - 2022
Canada (%) 101.2 Dec 2023 quarterly Mar 1969 - Dec 2023
Chile (%) 40.4 Dec 2023 quarterly Mar 2009 - Dec 2023
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 32.3 Dec 2023 quarterly Dec 2015 - Dec 2023
Croatia (%) 33.1 Dec 2022 quarterly Mar 2012 - Dec 2022
Cyprus (%) 88.2 2022 yearly 1995 - 2022
Czech Republic (%) 36.8 Dec 2023 quarterly Mar 2004 - Dec 2023
Denmark (%) 86.8 2022 yearly 1994 - 2022
Ecuador (%) 16.8 Dec 2023 quarterly Dec 2006 - Dec 2023
Egypt (%) 7.8 Dec 2023 quarterly Dec 2002 - Dec 2023
Estonia (%) 38.4 Dec 2023 quarterly Dec 2003 - Dec 2023
European Union (%) 46.3 Dec 2023 quarterly Sep 1997 - Dec 2023
Finland (%) 74.7 2023 yearly 1995 - 2023
France (%) 75.1 2022 yearly 1977 - 2022
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 52.2 Dec 2023 quarterly Dec 1991 - Dec 2023
Greece (%) 47.1 Sep 2023 quarterly Dec 1997 - Sep 2023
Hong Kong SAR, China (%) 92.7 Dec 2023 quarterly Mar 1982 - Dec 2023
Hungary (%) 20.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Iceland (%) 73.2 Dec 2023 quarterly Dec 1995 - Dec 2023
India (%) 14.8 2023 yearly 1998 - 2023
Indonesia (%) 9.6 Dec 2023 quarterly Dec 2010 - Dec 2023
Ireland (%) 28.3 Sep 2023 quarterly Mar 2002 - Sep 2023
Israel (%) 42.4 Dec 2023 quarterly Dec 1995 - Dec 2023
Italy (%) 49.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Japan (%) 65.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Jordan (%) 81.3 Dec 2023 quarterly Mar 2002 - Dec 2023
Kazakhstan (%) 15.1 Sep 2023 quarterly Dec 1997 - Sep 2023
South Korea (%) 103.5 Dec 2023 quarterly Dec 2002 - Dec 2023
Kosovo (%) 19.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Kuwait (%) 0.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 7.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Latvia (%) 20.1 Sep 2023 quarterly Mar 2004 - Sep 2023
Lithuania (%) 23.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Luxembourg (%) 69.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Macau SAR, China (%) 87.1 Dec 2023 quarterly Dec 2001 - Dec 2023
North Macedonia (%) 27.3 Dec 2023 quarterly Mar 2003 - Dec 2023
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.2 2023 yearly 2002 - 2023
Malta (%) 43.0 Dec 2023 quarterly Dec 2003 - Dec 2023
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Mongolia (%) 22.3 Dec 2023 quarterly Mar 2004 - Dec 2023
Montenegro (%) 24.7 Dec 2023 quarterly Dec 2010 - Dec 2023
Morocco (%) 25.3 2022 yearly 2001 - 2022
Netherlands (%) 92.4 Dec 2023 quarterly Mar 1999 - Dec 2023
New Zealand (%) 91.5 Dec 2023 quarterly Dec 1990 - Dec 2023
Norway (%) 91.5 Dec 2023 quarterly Dec 1995 - Dec 2023
Panama (%) 38.0 Dec 2023 quarterly Dec 2007 - Dec 2023
Peru (%) 16.9 Dec 2023 quarterly Mar 2001 - Dec 2023
Philippines (%) 10.8 Dec 2023 quarterly Mar 2009 - Dec 2023
Poland (%) 24.0 Dec 2023 quarterly Dec 2003 - Dec 2023
Portugal (%) 66.3 Dec 2023 quarterly Dec 1999 - Dec 2023
Romania (%) 14.7 Dec 2023 quarterly Mar 2007 - Dec 2023
Russia (%) 20.6 Dec 2023 quarterly Dec 2000 - Dec 2023
Saudi Arabia (%) 11.7 Dec 2023 quarterly Dec 2003 - Dec 2023
Serbia (%) 18.1 Dec 2023 quarterly Dec 2003 - Dec 2023
Singapore (%) 54.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Slovakia (%) 46.0 Dec 2023 quarterly Mar 2004 - Dec 2023
Slovenia (%) 27.6 Dec 2023 quarterly Mar 2004 - Dec 2023
South Africa (%) 40.8 Dec 2023 quarterly Mar 1969 - Dec 2023
Spain (%) 50.6 Dec 2023 quarterly Dec 1989 - Dec 2023
Sri Lanka (%) 6.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Sweden (%) 86.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Switzerland (%) 129.9 2023 yearly 1999 - 2023
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 88.7 2022 yearly 2000 - 2022
Thailand (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 11.3 Dec 2023 quarterly Dec 2014 - Dec 2023
Ukraine (%) 3.6 Dec 2023 quarterly Dec 2002 - Dec 2023
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 83.5 Dec 2023 quarterly Mar 1987 - Dec 2023
United States (%) 64.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Uruguay (%) 11.3 Dec 2023 quarterly Dec 2005 - Dec 2023
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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Montenegro Key Series

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Includes 178 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) 14.611 Mar 2024 monthly Jan 2012 - Mar 2024
Tax Revenue (USD mn) 200.614 Mar 2024 monthly Jan 2012 - Mar 2024
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) 6.396 2029 yearly 2002 - 2029
Forecast: Government Revenue (EUR bn) 3.914 2029 yearly 2002 - 2029
General Government Revenue: Consolidated (EUR) 245,475,116.530 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 13,441,787.120 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 78,800,496.590 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Revenue: Cons: Taxes: Excises (EUR) 21,994,790.370 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Revenue: Cons: Taxes (EUR) 184,557,374.950 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Expenditure: Cons: ow Current (EUR) 216,826,085.840 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Expenditure: Consolidated (EUR) 232,033,329.410 Mar 2024 monthly Jan 2012 - Mar 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) -306.1 Mar 2024 monthly Jan 2005 - Mar 2024
Total Exports (USD mn) 46.5 Mar 2024 monthly Jan 2005 - Mar 2024
Total Exports Growth (%) -29.1 Mar 2024 monthly Jan 2006 - Mar 2024
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) 352.6 Mar 2024 monthly Jan 2005 - Mar 2024
Total Imports Growth (%) -7.3 Mar 2024 monthly Jan 2006 - Mar 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) 0.237 Mar 2024 monthly Jan 2010 - Mar 2024
Total Imports from USA (USD mn) 3.945 Mar 2024 monthly Jan 2006 - Mar 2024
Total Exports to China (USD mn) 3.637 Mar 2024 monthly Jan 2010 - Mar 2024
Total Imports from China (USD mn) 43.246 Mar 2024 monthly Jan 2006 - Mar 2024
Exports (EUR th) 42,812.547 Mar 2024 monthly Jan 2005 - Mar 2024
Imports (EUR th) 324,402.879 Mar 2024 monthly Jan 2005 - Mar 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 8,932.120 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Machinery & Transport Equipment (EUR th) 4,226.892 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Manufactured Goods (EUR th) 4,882.269 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Food & Live Animals (EUR th) 3,878.022 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Crude Materials: excl Fuels (EUR th) 9,933.344 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Europe: CEFTA: Serbia (EUR th) 15,227.524 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Europe: EU-28: Slovenia (EUR th) 3,722.971 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Manufactured Goods (EUR th) 54,650.234 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Food & Live Animals (EUR th) 61,191.907 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 47,074.450 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Machinery & Transport Equipment (EUR th) 82,576.189 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 25,657.813 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Europe: CEFTA: Serbia (EUR th) 55,688.437 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Europe: EU-28: Greece (EUR th) 15,422.677 Mar 2024 monthly Mar 2009 - Mar 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: Export (EUR th) 120,372.138 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: 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
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 18,559,843.260 2022 yearly 2001 - 2022
Foreign Direct Investment: Flow: Russian Federation (EUR) 27,472,844.110 2022 yearly 2001 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.1 Feb 2024 monthly Aug 2010 - Feb 2024
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) 1,881.6 Mar 2024 monthly Dec 2002 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 19.668 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 5.3 Mar 2024 monthly Jan 2005 - Mar 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Dec 2002 - Mar 2024
Total Deposits (USD mn) 5,755.017 Mar 2024 monthly Jan 2003 - Mar 2024
Total Deposits Growth (%) 2.8 Mar 2024 monthly Jan 2004 - Mar 2024
Domestic Credit (USD mn) 3,208.9 Mar 2024 monthly Jan 2005 - Mar 2024
Domestic Credit Growth (%) -6.3 Mar 2024 monthly Jan 2006 - Mar 2024
Household Debt (USD mn) 1,882.4 Mar 2024 monthly Dec 2004 - Mar 2024
Total Loans (USD mn) 4,596.407 Mar 2024 monthly Jan 2003 - Mar 2024
Total Loans Growth (%) 10.99 Mar 2024 monthly Jan 2004 - Mar 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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