Montenegro: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Montenegro

Fiscal balance, percent of GDP

 Latest value -3.8
 Year 2018
 Measure percent
 Data availability 2006 - 2018
 Average -2.82
 Min - Max -7.3 - 6.65
 Source Central Bank of Montenegro
For that indicator, we provide data for Montenegro from 2006 to 2018. The average value for Montenegro during that period was -2.82 percent with a minimum of -7.3 percent in 2015 and a maximum of 6.65 percent in 2007. The latest value from 2018 is -3.8 percent. For comparison, the world average in 2018 based on 192 countries is -1.29 percent. 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 values chart
Montenegro - Fiscal balance, percent of GDP - recent values

Historical chart
Montenegro - Fiscal balance, percent of GDP - historical chart - 2006-2018




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.86 2022 percent
 Government spending, in dollars 1.11 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.80 2018 percent
 Government debt 84.75 2021 percent
 Government expenditure 0.32 Q3/2023 billion
 Commercial tax rate 22.20 2019 percent
 Tax preparation time 300 2019 hours
 Number of taxes 18 2019 taxes
 Foreign aid 131.90 2021 million U.S. dollars
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