Montenegro's current account surplus decreased to EUR 197.5 million in the third quarter of 2018 from EUR 251.2 million in the same quarter of the previous year. The goods deficit increased to EUR 564.2 million from EUR 484.3 million in the third quarter of 2017 and the primary income balance shifted to a EUR 2.1 million gap from a EUR 36.8 million surplus. In contrast, the services surplus rose to EUR 699.9 million from EUR 646.7 million and the secondary income surplus widened to EUR 63.9 million from EUR 52 million in the same period of 2017. Current Account in Montenegro averaged -145847.32 EUR Thousand from 2003 until 2018, reaching an all time high of 292356.68 EUR Thousand in the third quarter of 2015 and a record low of -493338.85 EUR Thousand in the second quarter of 2008.

Current Account in Montenegro is expected to be -63633.03 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Montenegro to stand at 195971.35 in 12 months time. In the long-term, the Montenegro Current Account is projected to trend around -59094.38 EUR Thousand in 2020, according to our econometric models.

Montenegro Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-21 09:35 AM Current Account €-304.5M €-375.7M €-302M
2018-08-20 01:55 PM Current Account €-308.4M €-304.2M €-330M
2018-11-20 11:50 AM Current Account €197.5M €-309.3M €291M


Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -174987.00 -197777.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 30474.00 30993.00 52965.30 11428.00 EUR Thousand [+]
Imports 205461.00 228770.00 264187.00 65304.00 EUR Thousand [+]
Current Account 197506.66 -309278.77 292356.68 -493338.85 EUR Thousand [+]
Current Account to GDP -19.10 -13.30 -7.40 -44.23 percent [+]
Capital Flows -116494.04 -261832.15 542738.38 -375901.87 EUR Thousand [+]
Tourist Arrivals 146829.00 194968.00 194968.00 10322.00 [+]
Terrorism Index 0.08 0.15 1.45 0.00 [+]
Remittances 60539.25 46051.10 60539.25 35725.82 EUR Thousand [+]
Foreign Direct Investment 659232.90 687154.00 1223999.76 479191.48 EUR Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Montenegro Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Montenegro Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Current Account - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
197506.66 -309278.77 292356.68 -493338.85 2003 - 2018 EUR Thousand Quarterly




Country Last
Argentina -8292.00 Jun/18
Australia -13472.00 Jun/18
Brazil 31.80 Sep/18
Canada -15880.00 Jun/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -1918.00 Sep/18
Germany 21141.17 Sep/18
India -15807.13 Jun/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1821.60 Sep/18
Mexico -3882.10 Jun/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 22832.40 Jun/18
South Africa -163760.00 Jun/18
South Korea 10831.40 Sep/18
Spain 1830.00 Aug/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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