
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.
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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 | 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 |