Montenegro: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Montenegro

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
The latest value from 2018 is -3.8 percent, an increase from -5.7 percent in 2017. In comparison, the world average is -1.24 percent, based on data from 192 countries. Historically, the average for Montenegro from 2006 to 2018 is -2.82 percent. The minimum value, -7.3 percent, was reached in 2015 while the maximum of 6.65 percent was recorded in 2007. 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 - Fiscal balance, percent of GDP - Recent values chart

Historical series
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.

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 1.35 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -3.80 2018 percent
 Government debt 70.09 2022 percent
 Government expenditure 0.33 Q3/2024 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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