Debt service as a proportion of exports of goods, services and in Montenegro
Montenegro: Debt service as a proportion of exports of goods, services and was 9.7% in 2023. ◆ Volatile
Latest (2023)
9.7%
Change on year
down 14.5%
World rank
42nd
of 125 countries
All-time high
39.8%
in 2020
All-time low
2.5%
in 2008
Years of data
17
2007–2023
Debt service as a proportion of exports of goods, services and in Montenegro, 2007–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Montenegro recorded 9.7% for debt service as a proportion of exports of goods, services and in 2023.
That represents a change of down 14.5% on the previous year and down 41.0% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Montenegro peaked at 39.8% in 2020 and was at its lowest, 2.5%, in 2008.
Montenegro ranks 42nd of 125 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 8.2% | — |
| 2008 | 2.5% | -68.9% |
| 2009 | 3.1% | +21.4% |
| 2010 | 5.4% | +75.0% |
| 2011 | 9.2% | +70.0% |
| 2012 | 12.9% | +40.7% |
| 2013 | 16.4% | +26.5% |
| 2014 | 12.6% | -22.9% |
| 2015 | 23.9% | +89.6% |
| 2016 | 22.4% | -6.3% |
| 2017 | 12.5% | -44.0% |
| 2018 | 25.6% | +104.3% |
| 2019 | 19.8% | -22.7% |
| 2020 | 39.8% | +101.1% |
| 2021 | 19.2% | -51.8% |
| 2022 | 11.3% | -41.2% |
| 2023 | 9.7% | -14.5% |
Montenegro compared with similar countries
- Montenegro's 9.7% is above the median for upper middle income countries, which is 7.6%, 1.3× the median. (49 countries reporting)
- Montenegro's 9.7% is above the median for Europe & Central Asia, which is 6.6%, 1.5× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.6% | 2.5% | 8.2% | 3 |
| 2010s | 16.1% | 5.4% | 25.6% | 10 |
| 2020s | 20.0% | 9.7% | 39.8% | 4 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 75.12 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 120.56 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 676.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 12.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0732 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,085 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 26.12 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Montenegro?
- Debt service as a proportion of exports of goods, services and in Montenegro was 9.7% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Montenegro?
- The highest recorded value was 39.8% in 2020.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Montenegro?
- The lowest recorded value was 2.5% in 2008.
- How does Montenegro rank for debt service as a proportion of exports of goods, services and?
- Montenegro ranks 42nd out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Montenegro?
- Over the last ten years it is down 41.0%. 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 Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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