External balance on goods and services as a percent of GDP in Montenegro
Montenegro: External balance on goods and services as a percent of GDP was -25.6% in 2025. ▲ Rising
External balance on goods and services as a percent of GDP in Montenegro, 2000–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Montenegro recorded -25.6% for external balance on goods and services as a percent of gdp in 2025.
Compared with earlier readings it is down 14.2% on the previous year and down 37.4% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Montenegro peaked at -14.3% in 2000 and was at its lowest, -53.4%, in 2008.
Montenegro ranks 165th of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 26 years of available data.
External balance on goods and services as a percent of GDP in Montenegro, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | -14.3% | — |
| 2001 | -23.6% | +64.8% |
| 2002 | -24.5% | +4.1% |
| 2003 | -16.4% | -33.2% |
| 2004 | -16.1% | -1.9% |
| 2005 | -17.5% | +9.1% |
| 2006 | -36.9% | +110.7% |
| 2007 | -42.8% | +15.8% |
| 2008 | -53.4% | +24.7% |
| 2009 | -30.9% | -42.1% |
| 2010 | -25.4% | -17.6% |
| 2011 | -21.9% | -14.0% |
| 2012 | -24.3% | +11.3% |
| 2013 | -20.3% | -16.7% |
| 2014 | -19.9% | -1.9% |
| 2015 | -18.7% | -6.2% |
| 2016 | -22.6% | +20.9% |
| 2017 | -23.7% | +5.0% |
| 2018 | -24.2% | +2.0% |
| 2019 | -21.4% | -11.6% |
| 2020 | -35.4% | +65.5% |
| 2021 | -19.5% | -44.9% |
| 2022 | -22.8% | +16.9% |
| 2023 | -18.3% | -19.4% |
| 2024 | -22.4% | +22.4% |
| 2025 | -25.6% | +14.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -27.6% | -53.4% | -14.3% | 10 |
| 2010s | -22.2% | -25.4% | -18.7% | 10 |
| 2020s | -24.0% | -35.4% | -18.3% | 6 |
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 external balance on goods and services as a percent of gdp in Montenegro?
- External balance on goods and services as a percent of gdp in Montenegro was -25.6% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Montenegro?
- The highest recorded value was -14.3% in 2000.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Montenegro?
- The lowest recorded value was -53.4% in 2008.
- How does Montenegro rank for external balance on goods and services as a percent of gdp?
- Montenegro ranks 165th out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Montenegro?
- Over the last ten years it is down 37.4%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.