Montenegro recorded a Current Account deficit of 19.10 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in Montenegro averaged -19.66 percent from 2003 until 2016, reaching an all time high of -7.40 percent in 2003 and a record low of -44.23 percent in 2007.

Current Account to GDP in Montenegro is expected to be -16.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Current Account to GDP is projected to trend around -12.00 percent in 2020, according to our econometric models.

Montenegro Current Account to GDP
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Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -212549.00 -175237.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 33315.00 30481.00 52965.30 11428.00 EUR Thousand [+]
Imports 245864.00 205718.00 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 78678.00 146829.00 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 to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Montenegro Current Account To Gdp - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-19.10 -13.30 -7.40 -44.23 2003 - 2016 percent Yearly




Country Last Previous
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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