Montenegro: Trade openness

* indicates monthly or quarterly data series
 Montenegro

Trade openness: exports plus imports as percent of GDP

 Latest value 125.90
 Year 2022
 Measure percent
 Data availability 2000 - 2022
 Average 104.95
 Min - Max 77.60 - 132.34
 Source The World Bank
For that indicator, we provide data for Montenegro from 2000 to 2022. The average value for Montenegro during that period was 104.95 percent with a minimum of 77.6 percent in 2003 and a maximum of 132.34 percent in 2008. The latest value from 2022 is 125.9 percent. For comparison, the world average in 2022 based on 157 countries is 100.30 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Montenegro - Trade openness - Recent values chart

Historical chart
Montenegro - Trade openness - historical chart - 2000-2022




Definition: Exports plus imports as percent of GDP.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 Related indicators Latest value Reference Measure
 Trade openness 125.90 2022 percent
 Exports, percent of GDP 51.53 2022 percent
 Exports, billion dollars 3.75 2023 billion U.S. dollars
 Growth of exports 22.69 2022 percent
 Imports, percent of GDP 74.37 2022 percent
 Imports, billion dollars 5.13 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 14.01 2022 percent
 Foreign Direct Investment, billion dollars 0.87 2022 billion U.S. dollars
 Portfolio investment inflows, equities 9.62 2023 million dollars (current)
 Current account, percent of GDP -15.00 2019 percent
 Current account, in dollars -0.84 2023 billion U.S. dollars
 Trade balance, percent of GDP -22.83 2022 percent
 Trade balance, in dollars -1.40 2023 billion U.S. dollars
 Reserves 2.04 2022 billion U.S. dollars
 Remittances, percent of GDP 13.33 2022 percent
 Remittances 830.15 2022 million U.S. dollars
 Net errors and omissions 795.80 2023 million USD
 External debt 138.74 2022 percent
 Short-term external debt 2.25 2022 percent
 Short-term debt to reserves 9.74 2022 percent
 Foreign exchange reserves 1.62 9/2023 billion
This site uses cookies.
Learn more here


OK