Montenegro: Government debt

* indicates monthly or quarterly data series
 Montenegro

Government debt as percent of GDP

 Latest value 70.09
 Year 2022
 Measure percent
 Data availability 2014 - 2022
 Average 73.41
 Min - Max 59.91 - 105.34
 Source Central Bank of Montenegro
The latest value from 2022 is 70.09 percent, a decline from 84.01 percent in 2021. In comparison, the world average is 60.08 percent, based on data from 173 countries. Historically, the average for Montenegro from 2014 to 2022 is 73.41 percent. The minimum value, 59.91 percent, was reached in 2014 while the maximum of 105.34 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Montenegro - Government debt - Recent values chart

Historical series
Montenegro - Government debt - historical chart - 2014-2022




The government debt in Montenegro and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 18.12 2023 percent
 Government spending, in dollars 1.34 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -3.80 2018 percent
 Government debt 70.09 2022 percent
 Government expenditure 0.31 Q2/2024 billion
 Commercial tax rate 22.20 2019 percent
 Tax preparation time 300 2019 hours
 Number of taxes 18 2019 taxes
 Foreign aid 102.72 2022 million U.S. dollars
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