Balanced trade in services in Montenegro
Montenegro: Balanced trade in services was 0.3884 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Montenegro, 2006–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Montenegro recorded 0.3884 US dollars, exchange rate converted for balanced trade in services in 2024. That is the highest value across all 19 years on record.
That represents a change of up 9.6% on the previous year and up 89.2% over ten years.
Over the whole period, balanced trade in services in Montenegro peaked at 0.3884 US dollars, exchange rate converted in 2024 and was at its lowest, 0.1288 US dollars, exchange rate converted, in 2006.
Montenegro ranks 151st of 174 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Balanced trade in services in Montenegro, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2006 | 0.1288 US dollars, exchange rate converted | — |
| 2007 | 0.1582 US dollars, exchange rate converted | +22.8% |
| 2008 | 0.1969 US dollars, exchange rate converted | +24.5% |
| 2009 | 0.1723 US dollars, exchange rate converted | -12.5% |
| 2010 | 0.1647 US dollars, exchange rate converted | -4.4% |
| 2011 | 0.1763 US dollars, exchange rate converted | +7.1% |
| 2012 | 0.1772 US dollars, exchange rate converted | +0.5% |
| 2013 | 0.1926 US dollars, exchange rate converted | +8.7% |
| 2014 | 0.2053 US dollars, exchange rate converted | +6.6% |
| 2015 | 0.207 US dollars, exchange rate converted | +0.8% |
| 2016 | 0.2144 US dollars, exchange rate converted | +3.6% |
| 2017 | 0.2333 US dollars, exchange rate converted | +8.8% |
| 2018 | 0.268 US dollars, exchange rate converted | +14.9% |
| 2019 | 0.2744 US dollars, exchange rate converted | +2.4% |
| 2020 | 0.1602 US dollars, exchange rate converted | -41.6% |
| 2021 | 0.2403 US dollars, exchange rate converted | +50.0% |
| 2022 | 0.3136 US dollars, exchange rate converted | +30.5% |
| 2023 | 0.3544 US dollars, exchange rate converted | +13.0% |
| 2024 | 0.3884 US dollars, exchange rate converted | +9.6% |
Montenegro compared with similar countries
- Montenegro's 0.3884 US dollars, exchange rate converted is below the median for upper middle income countries, which is 2.12 US dollars, exchange rate converted, 18% of the median. (50 countries reporting)
- Montenegro's 0.3884 US dollars, exchange rate converted is below the median for Europe & Central Asia, which is 3.39 US dollars, exchange rate converted, 11% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.164 US dollars, exchange rate converted | 0.1288 US dollars, exchange rate converted | 0.1969 US dollars, exchange rate converted | 4 |
| 2010s | 0.2113 US dollars, exchange rate converted | 0.1647 US dollars, exchange rate converted | 0.2744 US dollars, exchange rate converted | 10 |
| 2020s | 0.2914 US dollars, exchange rate converted | 0.1602 US dollars, exchange rate converted | 0.3884 US dollars, exchange rate converted | 5 |
Countries ranked near Montenegro
- 148 Grenada 0.4871 US dollars, exchange rate converted compare
- 149 Rwanda 0.4618 US dollars, exchange rate converted compare
- 150 Maldives 0.4438 US dollars, exchange rate converted compare
- 152 Togo 0.3782 US dollars, exchange rate converted compare
- 153 Saint Vincent and the Grenadines 0.3774 US dollars, exchange rate converted compare
- 154 Laos 0.3765 US dollars, exchange rate converted compare
More economy & growth data for Montenegro
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.46 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 151.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.5233 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0075 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 110.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -21.12 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0068 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Montenegro?
- Balanced trade in services in Montenegro was 0.3884 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Montenegro?
- The highest recorded value was 0.3884 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Montenegro?
- The lowest recorded value was 0.1288 US dollars, exchange rate converted in 2006.
- How does Montenegro rank for balanced trade in services?
- Montenegro ranks 151st out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Montenegro?
- Over the last ten years it is up 89.2%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
Download this data
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html