External debt as a share of gni in Montenegro
Montenegro: External debt as a share of gni was 113.31 in 2023. ▲ Rising
Latest (2023)
113.31
Change on year
down 17.6%
World rank
9th
of 118 countries
All-time high
213.98
in 2020
All-time low
31.79
in 2006
Years of data
18
2006–2023
External debt as a share of gni in Montenegro, 2006–2023
Source: Our World in Data.
Analysis
Montenegro recorded 113.31 for external debt as a share of gni in 2023.
The figure is down 17.6% on the previous year and down 30.2% over ten years.
Over the whole period, external debt as a share of gni in Montenegro peaked at 213.98 in 2020 and was at its lowest, 31.79, in 2006.
Montenegro ranks 9th of 118 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
External debt as a share of gni in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | 31.79 | — |
| 2007 | 34.9 | +9.8% |
| 2008 | 32.56 | -6.7% |
| 2009 | 56.56 | +73.7% |
| 2010 | 109.45 | +93.5% |
| 2011 | 120.6 | +10.2% |
| 2012 | 148.58 | +23.2% |
| 2013 | 162.27 | +9.2% |
| 2014 | 145.21 | -10.5% |
| 2015 | 161.08 | +10.9% |
| 2016 | 142.24 | -11.7% |
| 2017 | 146.32 | +2.9% |
| 2018 | 145.16 | -0.8% |
| 2019 | 150.75 | +3.9% |
| 2020 | 213.98 | +41.9% |
| 2021 | 157.82 | -26.2% |
| 2022 | 137.48 | -12.9% |
| 2023 | 113.31 | -17.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.95 | 31.79 | 56.56 | 4 |
| 2010s | 143.17 | 109.45 | 162.27 | 10 |
| 2020s | 155.65 | 113.31 | 213.98 | 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)
- GDP (current US$), annual growth rate 11.58 % change on previous year (2025)
- GDP (current US$), per capita 14,817 current US$ per person (2025)
- GDP (current LCU), annual growth rate 6.88 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 0.885 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 13,112 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 2.74 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5926 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 8,780 constant 2015 US$ per person (2025)
Frequently asked questions
- What is external debt as a share of gni in Montenegro?
- External debt as a share of gni in Montenegro was 113.31 in 2023, according to Our World in Data.
- What is the highest external debt as a share of gni recorded in Montenegro?
- The highest recorded value was 213.98 in 2020.
- What is the lowest external debt as a share of gni recorded in Montenegro?
- The lowest recorded value was 31.79 in 2006.
- How does Montenegro rank for external debt as a share of gni?
- Montenegro ranks 9th out of 118 countries with data for 2023.
- Is external debt as a share of gni rising or falling in Montenegro?
- Over the last ten years it is down 30.2%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Our World in Data, published as part of External debt as a share of gni. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (Our World in Data).