External debt stocks in Montenegro
Montenegro: External debt stocks was 108.6% in 2024. ▲ Rising
External debt stocks in Montenegro, 2006–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for external debt stocks in Montenegro is 108.6%, measured in 2024.
Compared with earlier readings it is down 4.7% on the previous year and down 25.2% over ten years.
Over the whole period, external debt stocks in Montenegro peaked at 217.2% in 2020 and was at its lowest, 31.8%, in 2006.
That places Montenegro 10th out of 122 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
External debt stocks in Montenegro, year by year
| Year | % of GNI | Change |
|---|---|---|
| 2006 | 31.8% | — |
| 2007 | 34.9% | +9.8% |
| 2008 | 32.6% | -6.7% |
| 2009 | 56.6% | +73.7% |
| 2010 | 109.5% | +93.5% |
| 2011 | 120.6% | +10.2% |
| 2012 | 148.6% | +23.2% |
| 2013 | 162.3% | +9.2% |
| 2014 | 145.2% | -10.5% |
| 2015 | 161.1% | +10.9% |
| 2016 | 142.2% | -11.7% |
| 2017 | 147.1% | +3.5% |
| 2018 | 145.5% | -1.1% |
| 2019 | 150.6% | +3.5% |
| 2020 | 217.2% | +44.2% |
| 2021 | 161.1% | -25.8% |
| 2022 | 138.6% | -14.0% |
| 2023 | 114.0% | -17.8% |
| 2024 | 108.6% | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.0% | 31.8% | 56.6% | 4 |
| 2010s | 143.3% | 109.5% | 162.3% | 10 |
| 2020s | 147.9% | 108.6% | 217.2% | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0333 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 442.1 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.0308 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 408.45 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0225 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 298.36 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 285.57 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 3.1 % change on previous year (2025)
Frequently asked questions
- What is external debt stocks in Montenegro?
- External debt stocks in Montenegro was 108.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Montenegro?
- The highest recorded value was 217.2% in 2020.
- What is the lowest external debt stocks recorded in Montenegro?
- The lowest recorded value was 31.8% in 2006.
- How does Montenegro rank for external debt stocks?
- Montenegro ranks 10th out of 122 countries with data for 2024.
- Is external debt stocks rising or falling in Montenegro?
- Over the last ten years it is down 25.2%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.