Montenegro Government Debt: % of GDP
Key information about Montenegro Government Debt: % of GDP
- Montenegro Government debt accounted for 58.3 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 60.3 % in the previous quarter.
- Montenegro government debt to GDP ratio data is updated quarterly, available from Dec 2010 to Sep 2025.
- The data reached an all-time high of 104.5 % in Dec 2020 and a record low of 40.7 % in Dec 2010.
CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance and Social Welfare provides Government Debt in EUR. The Statistical Office of Montenegro provides Nominal GDP in EUR.
Related information about Montenegro Government Debt: % of GDP
- In the latest reports, Montenegro National Government Debt reached 5.5 USD bn in Sep 2025.
- The country's Nominal GDP reached 2.3 USD bn in Jun 2025.
View Montenegro's Government Debt: % of GDP from Dec 2010 to Sep 2025 in the chart:
What was Montenegro's Government Debt: % of GDP in Sep 2025?
Montenegro Government debt accounted for 58.3 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 60.3 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 58.3Sep 2025 | 60.3Jun 2025 | 40.7Dec 2010 | 104.5Dec 2020 | % | quarterly | Dec 2010 - Sep 2025 |
Government Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 52.4Sep 2025 | quarterly | Sep 2010 - Sep 2025 |
| Algeria (%) | 47.82024 | yearly | 1997 - 2024 |
| Argentina (%) | 73.3Jun 2025 | quarterly | Dec 2004 - Jun 2025 |
| Armenia (%) | 50.0Sep 2025 | quarterly | Dec 2013 - Sep 2025 |
| Australia (%) | 38.32024 | yearly | 1999 - 2024 |
| Austria (%) | 83.7Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Azerbaijan (%) | 16.82021 | yearly | 2008 - 2021 |
| Bahrain (%) | 102.0Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Bangladesh (%) | 23.92025 | yearly | 2010 - 2025 |
| Belarus (%) | 35.9Mar 2022 | quarterly | Dec 2003 - Mar 2022 |
| Belgium (%) | 106.9Sep 2025 | quarterly | Dec 1980 - Sep 2025 |
| Bolivia (%) | 27.22014 | yearly | 1998 - 2014 |
| Bosnia and Herzegovina (%) | 18.72024 | yearly | 2007 - 2024 |
| Botswana (%) | 29.1Sep 2025 | quarterly | Jun 2014 - Sep 2025 |
| Brazil (%) | 78.7Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Bulgaria (%) | 28.4Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Cambodia (%) | 26.02024 | yearly | 2013 - 2024 |
| Canada (%) | 69.32025 | yearly | 1962 - 2025 |
| Chile (%) | 43.2Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| China (%) | 28.8Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Colombia (%) | 64.0Jun 2025 | quarterly | Dec 2005 - Jun 2025 |
| Croatia (%) | 57.2Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Cyprus (%) | 60.5Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Czech Republic (%) | 43.8Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Denmark (%) | 29.7Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Ecuador (%) | 65.6Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Egypt (%) | 57.9Sep 2025 | quarterly | Jun 2006 - Sep 2025 |
| Estonia (%) | 22.9Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| European Union (%) | 82.1Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Finland (%) | 88.5Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| France (%) | 110.6Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Georgia (%) | 34.8Sep 2025 | quarterly | Mar 2006 - Sep 2025 |
| Germany (%) | 62.3Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Ghana (%) | 61.82024 | yearly | 2006 - 2024 |
| Greece (%) | 151.2Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| Hong Kong SAR, China (%) | 46.32025 | yearly | 2003 - 2025 |
| Hungary (%) | 75.1Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Iceland (%) | 60.32024 | yearly | 1998 - 2024 |
| India (%) | 56.5Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Indonesia (%) | 39.2Dec 2024 | quarterly | Jun 2015 - Dec 2024 |
| Iran (%) | 7.8Mar 2025 | quarterly | Mar 1998 - Mar 2025 |
| Ireland (%) | 32.8Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Israel (%) | 66.52024 | yearly | 1995 - 2024 |
| Italy (%) | 137.8Sep 2025 | quarterly | Dec 1995 - Sep 2025 |
| Ivory Coast (%) | 8.62015 | yearly | 1975 - 2015 |
| Japan (%) | 203.0Sep 2025 | quarterly | Jun 1982 - Sep 2025 |
| Jordan (%) | 83.2Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Kazakhstan (%) | 23.0Dec 2024 | quarterly | Mar 2005 - Dec 2024 |
| Kenya (%) | 68.9Sep 2025 | quarterly | Dec 2009 - Sep 2025 |
| South Korea (%) | 47.0Jun 2025 | quarterly | Sep 2002 - Jun 2025 |
| Kosovo (%) | 19.92022 | yearly | 2009 - 2022 |
| Kuwait (%) | 1.1Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Kyrgyzstan (%) | 43.2Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Latvia (%) | 45.2Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Lebanon (%) | 23.62022 | yearly | 1998 - 2022 |
| Lithuania (%) | 39.1Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Luxembourg (%) | 25.1Jun 2025 | quarterly | Dec 1997 - Jun 2025 |
| North Macedonia (%) | 53.4Jun 2025 | quarterly | Dec 2009 - Jun 2025 |
| Malawi (%) | 66.02014 | yearly | 2010 - 2014 |
| Malaysia (%) | 65.3Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Malta (%) | 46.5Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Mauritius (%) | 80.5Dec 2025 | quarterly | Jun 2003 - Dec 2025 |
| Mexico (%) | 60.2Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Moldova (%) | 38.0Jun 2025 | quarterly | Mar 2007 - Jun 2025 |
| Mongolia (%) | 38.6Jun 2025 | quarterly | Dec 2017 - Jun 2025 |
| Montenegro (%) | 58.3Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Morocco (%) | 71.42022 | yearly | 1994 - 2022 |
| Nepal (%) | 39.92021 | yearly | 1990 - 2021 |
| Netherlands (%) | 42.4Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| New Zealand (%) | 48.5Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Nigeria (%) | 37.5Jun 2025 | quarterly | Dec 2010 - Jun 2025 |
| Norway (%) | 53.22024 | yearly | 1995 - 2024 |
| Oman (%) | 35.42024 | yearly | 1990 - 2024 |
| Pakistan (%) | 68.32025 | yearly | 2000 - 2025 |
| Palestinian Territory (%) | 110.9Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Panama (%) | 63.7Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Paraguay (%) | 35.5Sep 2025 | quarterly | Dec 2014 - Sep 2025 |
| Peru (%) | 31.0Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Philippines (%) | 63.2Dec 2025 | quarterly | Mar 1993 - Dec 2025 |
| Poland (%) | 58.1Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Portugal (%) | 89.7Dec 2025 | quarterly | Dec 1995 - Dec 2025 |
| Qatar (%) | 15.02012 | yearly | 2006 - 2012 |
| Romania (%) | 58.8Sep 2025 | quarterly | Dec 2011 - Sep 2025 |
| Russia (%) | 15.2Sep 2025 | quarterly | Dec 2011 - Sep 2025 |
| Saudi Arabia (%) | 30.8Sep 2025 | quarterly | Dec 2016 - Sep 2025 |
| Serbia (%) | 43.7Sep 2025 | quarterly | Sep 2004 - Sep 2025 |
| Singapore (%) | 166.1Dec 2025 | quarterly | Mar 1990 - Dec 2025 |
| Slovakia (%) | 62.9Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Slovenia (%) | 69.3Jun 2025 | quarterly | Dec 1999 - Jun 2025 |
| South Africa (%) | 78.9Sep 2025 | quarterly | Dec 1960 - Sep 2025 |
| Spain (%) | 103.2Sep 2025 | quarterly | Mar 1995 - Sep 2025 |
| Sri Lanka (%) | 93.0Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Sweden (%) | 33.3Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Switzerland (%) | 22.22029 | yearly | 1990 - 2029 |
| Taiwan, China (%) | 26.82024 | yearly | 1996 - 2024 |
| Tajikistan (%) | 36.32021 | yearly | 1999 - 2021 |
| Thailand (%) | 58.3Sep 2025 | quarterly | Dec 1997 - Sep 2025 |
| Tunisia (%) | 81.22024 | yearly | 2016 - 2024 |
| Turkey (%) | 24.5Sep 2025 | quarterly | Dec 2001 - Sep 2025 |
| Ukraine (%) | 90.3Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -5.1Sep 2025 | quarterly | Dec 2012 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | -174.631Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| Tax Revenue (USD mn) | 230.124Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| Tax Revenue: % of GDP (%) | 24.2Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| National Government Debt (USD mn) | 5,521.7Sep 2025 | monthly | Dec 2010 - Sep 2025 |
| Government Debt: % of GDP (%) | 58.3Sep 2025 | quarterly | Dec 2010 - Sep 2025 |
| Forecast: Government Expenditure (EUR bn) | 4.8122030 | yearly | 2002 - 2030 |
| Forecast: Government Net Debt (EUR bn) | 6.9562030 | yearly | 2002 - 2030 |
| Forecast: Government Revenue (EUR bn) | 4.3502030 | yearly | 2002 - 2030 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -149,130,051.790Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| General Govt Expenditure: Consolidated (EUR) | 481,239,492.290Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| General Government Revenue: Consolidated (EUR) | 332,109,440.500Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 131,336,012.740Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| General Govt Expenditure: Cons: ow Current (EUR) | 390,416,533.320Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| General Govt Revenue: Cons: Taxes (EUR) | 196,519,134.140Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 36,470,170.960Dec 2025 | monthly | Jan 2012 - Dec 2025 |
| Gross General Government External Debt (EUR mn) | 4,417.700Sep 2025 | monthly | Dec 2010 - Sep 2025 |
| Gross General Government Debt: Domestic (EUR mn) | 287.630Sep 2025 | monthly | Dec 2010 - Sep 2025 |
| Gross General Government Debt (EUR mn) | 4,705.330Sep 2025 | monthly | Dec 2010 - Sep 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.5342028 | yearly | 2003 - 2028 |
| Trade Balance (USD mn) | -319.9Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Total Exports (USD mn) | 75.7Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Total Exports Growth (%) | -5.4Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Aluminum: Exports (USD th) | 41,867.9022024 | yearly | 2008 - 2024 |
| Exports: Medicament (USD th) | 41,859.3242024 | yearly | 2008 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 95.4382024 | yearly | 2008 - 2024 |
| Total Imports (USD mn) | 459.2Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Total Imports Growth (%) | 10.0Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Imports: Medicament (USD th) | 161,040.0122024 | yearly | 2008 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 69,267.9442024 | yearly | 2008 - 2024 |
| Total Exports to USA (USD mn) | 2.353Dec 2025 | monthly | Jan 2010 - Dec 2025 |
| Total Imports from USA (USD mn) | 4.082Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Total Exports to China (USD mn) | 0.418Dec 2025 | monthly | Jan 2010 - Dec 2025 |
| Total Imports from China (USD mn) | 55.967Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 19,078.298Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 1,417.484Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Exports: Manufactured Goods (EUR th) | 3,320.534Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Exports: Machinery & Transport Equipment (EUR th) | 3,789.538Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Exports: Crude Materials: excl Fuels (EUR th) | 7,715.657Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Exports: Food & Live Animals (EUR th) | 6,643.392Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 12,790.874Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Imports: Europe: EU-28: Greece (EUR th) | 9,639.087Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 88,946.272Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Imports: Manufactured Goods (EUR th) | 71,044.403Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 57,667.797Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Imports: Food & Live Animals (EUR th) | 90,146.299Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Imports: Machinery & Transport Equipment (EUR th) | 116,836.229Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 45,246.829Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| Exports (EUR th) | 64,607.450Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Imports (EUR th) | 392,140.299Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.3Jun 2024 | monthly | Aug 2010 - Jun 2024 |
| Household Debt: % of GDP (%) | 28.3Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Non-Performing Loans (USD mn) | 205.823Jun 2024 | monthly | Dec 2010 - Jun 2024 |
| M2 Growth (%) | 9.92024 | yearly | 2003 - 2024 |
| Reserve Requirement Ratio (%) | 5.5Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Foreign Exchange Reserves (USD mn) | 2,081.3Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 19.347Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.5Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Gold Reserves (USD mn) | 0.000Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Total Deposits (USD mn) | 7,126.573Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Deposits Growth (%) | 4.0Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Domestic Credit (USD mn) | 4,697.7Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Domestic Credit Growth (%) | 9.7Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Household Debt (USD mn) | 2,801.6Dec 2025 | monthly | Dec 2004 - Dec 2025 |
| Total Loans (USD mn) | 6,207.035Oct 2025 | monthly | Jan 2003 - Oct 2025 |
| Total Loans Growth (%) | 14.24Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 49.09Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Bank Loans: Non Performing Loans (EUR th) | 200,600.000Apr 2018 | monthly | Dec 2010 - Apr 2018 |
| Bank Loans: Residents: Households (EUR th) | 1,188,990.000Jun 2018 | monthly | Jan 2009 - Jun 2018 |
| ME: Bank Non-Performing Loans to Total Gross Loans (%) | 7.4262018 | yearly | 2013 - 2018 |
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