Total debt service in Montenegro
Montenegro: Total debt service was 29.8% in 2024. ◆ Volatile
Total debt service 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 total debt service in Montenegro is 29.8%, measured in 2024.
Compared with earlier readings it is up 55.7% on the previous year and down 5.3% over ten years.
Over the whole period, total debt service in Montenegro peaked at 45.1% in 2020 and was at its lowest, 3.4%, in 2008.
That places Montenegro 15th out of 120 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Montenegro, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 2007 | 9.8% | — |
| 2008 | 3.4% | -65.0% |
| 2009 | 4.1% | +20.6% |
| 2010 | 5.5% | +34.5% |
| 2011 | 12.3% | +121.2% |
| 2012 | 16.3% | +33.1% |
| 2013 | 19.9% | +22.2% |
| 2014 | 31.5% | +57.8% |
| 2015 | 40.1% | +27.5% |
| 2016 | 37.8% | -5.7% |
| 2017 | 18.1% | -52.3% |
| 2018 | 32.7% | +81.2% |
| 2019 | 25.6% | -21.7% |
| 2020 | 45.1% | +76.1% |
| 2021 | 37.8% | -16.1% |
| 2022 | 23.4% | -38.2% |
| 2023 | 19.1% | -18.2% |
| 2024 | 29.8% | +55.7% |
Montenegro compared with similar countries
- Montenegro's 29.8% is above the median for upper middle income countries, which is 14.4%, 2.1× the median. (51 countries reporting)
- Montenegro's 29.8% is above the median for Europe & Central Asia, which is 14.0%, 2.1× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.8% | 3.4% | 9.8% | 3 |
| 2010s | 24.0% | 5.5% | 40.1% | 10 |
| 2020s | 31.1% | 19.1% | 45.1% | 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)
- 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 total debt service in Montenegro?
- Total debt service in Montenegro was 29.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Montenegro?
- The highest recorded value was 45.1% in 2020.
- What is the lowest total debt service recorded in Montenegro?
- The lowest recorded value was 3.4% in 2008.
- How does Montenegro rank for total debt service?
- Montenegro ranks 15th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Montenegro?
- Over the last ten years it is down 5.3%. 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 Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.