Merchandise trade as a proportion of GDP in Montenegro
Montenegro: Merchandise trade as a proportion of GDP was 61.2% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Montenegro, 2006–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Montenegro is 61.2%, measured in 2024.
That represents a change of down 3.5% on the previous year and down 0.2% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Montenegro peaked at 95.8% in 2008 and was at its lowest, 59.6%, in 2021.
Montenegro ranks 89th of 218 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Merchandise trade as a proportion of GDP in Montenegro, year by year
| Year | % | Change |
|---|---|---|
| 2006 | 88.2% | — |
| 2007 | 95.0% | +7.6% |
| 2008 | 95.8% | +0.8% |
| 2009 | 65.2% | -31.9% |
| 2010 | 63.3% | -2.9% |
| 2011 | 70.4% | +11.2% |
| 2012 | 68.9% | -2.1% |
| 2013 | 64.5% | -6.4% |
| 2014 | 61.4% | -4.9% |
| 2015 | 59.6% | -2.8% |
| 2016 | 60.7% | +1.9% |
| 2017 | 63.2% | +4.0% |
| 2018 | 64.1% | +1.5% |
| 2019 | 61.5% | -4.0% |
| 2020 | 59.8% | -2.9% |
| 2021 | 59.6% | -0.3% |
| 2022 | 71.1% | +19.3% |
| 2023 | 63.5% | -10.8% |
| 2024 | 61.2% | -3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 86.0% | 65.2% | 95.8% | 4 |
| 2010s | 63.8% | 59.6% | 70.4% | 10 |
| 2020s | 63.0% | 59.6% | 71.1% | 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)
- Gross capital formation (constant 2015 US$), annual growth rate 8.03 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1827 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 2,706 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 10.77 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.6571 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 9,736 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 6.1 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.5815 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Montenegro?
- Merchandise trade as a proportion of gdp in Montenegro was 61.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Montenegro?
- The highest recorded value was 95.8% in 2008.
- What is the lowest merchandise trade as a proportion of gdp recorded in Montenegro?
- The lowest recorded value was 59.6% in 2021.
- How does Montenegro rank for merchandise trade as a proportion of gdp?
- Montenegro ranks 89th out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Montenegro?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is falling.
- Where does this Montenegro data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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