Current account balance as a proportion of GDP in Montenegro
Montenegro: Current account balance as a proportion of GDP was -17.0% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Montenegro, 2007–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Montenegro recorded -17.0% for current account balance as a proportion of gdp in 2024.
That represents a change of down 52.4% on the previous year and down 36.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Montenegro peaked at -9.3% in 2021 and was at its lowest, -49.7%, in 2008.
Montenegro ranks 188th of 204 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Montenegro, year by year
| Year | % | Change |
|---|---|---|
| 2007 | -39.8% | — |
| 2008 | -49.7% | +24.9% |
| 2009 | -27.8% | -44.1% |
| 2010 | -20.6% | -25.9% |
| 2011 | -14.7% | -28.4% |
| 2012 | -15.7% | +6.3% |
| 2013 | -11.6% | -26.3% |
| 2014 | -12.5% | +7.7% |
| 2015 | -11.0% | -11.3% |
| 2016 | -16.2% | +47.0% |
| 2017 | -15.8% | -2.4% |
| 2018 | -17.4% | +9.5% |
| 2019 | -14.5% | -16.4% |
| 2020 | -26.2% | +80.5% |
| 2021 | -9.3% | -64.5% |
| 2022 | -13.1% | +40.8% |
| 2023 | -11.1% | -14.9% |
| 2024 | -17.0% | +52.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -39.1% | -49.7% | -27.8% | 3 |
| 2010s | -15.0% | -20.6% | -11.0% | 10 |
| 2020s | -15.3% | -26.2% | -9.3% | 5 |
Countries ranked near Montenegro
- 185 Afghanistan -15.7% compare
- 186 Republic of Moldova -16.6% compare
- 186 Republic of Moldova -16.6% compare
- 189 Fiji -17.4% compare
- 190 Maldives -18.7% compare
- 191 Malawi -18.8% 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)
- Gross capital formation (current US$), annual growth rate 16.13 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2693 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 3,991 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 11.24 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2384 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3,532 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 8.03 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1827 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Montenegro?
- Current account balance as a proportion of gdp in Montenegro was -17.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Montenegro?
- The highest recorded value was -9.3% in 2021.
- What is the lowest current account balance as a proportion of gdp recorded in Montenegro?
- The lowest recorded value was -49.7% in 2008.
- How does Montenegro rank for current account balance as a proportion of gdp?
- Montenegro ranks 188th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Montenegro?
- Over the last ten years it is down 36.3%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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