Montenegro: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series

Fiscal balance, percent of GDP

 Latest value -3.80
 Year 2018
 Measure percent
 Data availability 2006 - 2018
 Average -2.82
 Min - Max -7.30 - 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 -1.23 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 chart

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.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.86 2022 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 0.32 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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