Montenegro recorded a Government Debt to GDP of 60.30 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Montenegro averaged 57.27 percent of GDP from 2002 until 2023, reaching an all time high of 103.28 percent of GDP in 2020 and a record low of 26.80 percent of GDP in 2008. source: Ministry of Finance, Republic of Montenegro

Government Debt to GDP in Montenegro is expected to reach 66.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Government Debt to GDP is projected to trend around 67.00 percent of GDP in 2025 and 68.00 percent of GDP in 2026, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 35.00 Feb 2026
Government Budget -3.20 0.20 percent of GDP Dec 2024
Government Debt 4705.33 4759.83 EUR Million Sep 2025
Government Debt to GDP 60.30 70.80 percent of GDP Dec 2023
Government Spending 337433.00 327334.00 EUR Thousand Sep 2025
Holidays
Military Expenditure 150.00 114.30 USD Million Dec 2024


Montenegro Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
60.30 70.80 103.28 26.80 2002 - 2023 percent of GDP Yearly