Short-term debt in Montenegro
Montenegro: Short-term debt was 5.7% in 2024. ◆ Volatile
Short-term debt in Montenegro, 2007–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for short-term debt in Montenegro is 5.7%, measured in 2024.
That represents a change of up 40.2% on the previous year and down 57.1% over ten years.
Over the whole period, short-term debt in Montenegro peaked at 72.5% in 2009 and was at its lowest, 4.0%, in 2023.
Montenegro ranks 83rd of 119 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.
Short-term debt in Montenegro, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 2007 | 23.5% | — |
| 2008 | 29.1% | +24.2% |
| 2009 | 72.5% | +148.8% |
| 2010 | 10.8% | -85.1% |
| 2011 | 20.7% | +91.4% |
| 2012 | 27.4% | +32.0% |
| 2013 | 24.3% | -11.3% |
| 2014 | 13.2% | -45.6% |
| 2015 | 12.2% | -7.3% |
| 2016 | 8.4% | -31.3% |
| 2017 | 10.6% | +25.8% |
| 2018 | 8.0% | -24.8% |
| 2019 | 10.2% | +28.5% |
| 2020 | 26.2% | +155.6% |
| 2021 | 15.9% | -39.3% |
| 2022 | 5.9% | -62.7% |
| 2023 | 4.0% | -31.7% |
| 2024 | 5.7% | +40.2% |
Montenegro compared with similar countries
- Montenegro's 5.7% is below the median for upper middle income countries, which is 17.7%, 32% of the median. (51 countries reporting)
- Montenegro's 5.7% is below the median for Europe & Central Asia, which is 18.6%, 30% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 41.7% | 23.5% | 72.5% | 3 |
| 2010s | 14.6% | 8.0% | 27.4% | 10 |
| 2020s | 11.5% | 4.0% | 26.2% | 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)
- 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 short-term debt in Montenegro?
- Short-term debt in Montenegro was 5.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Montenegro?
- The highest recorded value was 72.5% in 2009.
- What is the lowest short-term debt recorded in Montenegro?
- The lowest recorded value was 4.0% in 2023.
- How does Montenegro rank for short-term debt?
- Montenegro ranks 83rd out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Montenegro?
- Over the last ten years it is down 57.1%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.