Current account balance as a share of GDP in Montenegro
Montenegro: Current account balance as a share of GDP was -17.0% in 2024. ◆ Volatile
Current account balance as a share of GDP in Montenegro, 2007–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Montenegro stood at -17.0%.
Compared with earlier readings it is down 52.4% on the previous year and down 36.3% over ten years.
Over the whole period, current account balance as a share of gdp in Montenegro peaked at -9.3% in 2021 and was at its lowest, -49.7%, in 2008.
Montenegro ranks 179th of 193 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 share of GDP in Montenegro, year by year
| Year | % | Change |
|---|---|---|
| 2007 | -39.8% | — |
| 2008 | -49.7% | +24.8% |
| 2009 | -27.8% | -44.1% |
| 2010 | -20.6% | -25.9% |
| 2011 | -14.8% | -28.4% |
| 2012 | -15.7% | +6.3% |
| 2013 | -11.6% | -26.2% |
| 2014 | -12.5% | +7.7% |
| 2015 | -11.1% | -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% | -14.8% |
| 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% | -11.1% | 10 |
| 2020s | -15.3% | -26.2% | -9.3% | 5 |
Countries ranked near Montenegro
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)
- Services, value added (current US$), annual growth rate 10.9 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6338 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 9,391 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 6.23 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.5609 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8,311 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.62 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3796 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Montenegro?
- Current account balance as a share of gdp in Montenegro was -17.0% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Montenegro?
- The highest recorded value was -9.3% in 2021.
- What is the lowest current account balance as a share of gdp recorded in Montenegro?
- The lowest recorded value was -49.7% in 2008.
- How does Montenegro rank for current account balance as a share of gdp?
- Montenegro ranks 179th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).