Montenegro recorded a Current Account deficit of 15 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Montenegro

Current Account to GDP in Montenegro averaged -18.29 percent from 2003 until 2019, reaching an all time high of -7.40 percent in 2003 and a record low of -44.23 percent in 2007. This page provides - Montenegro Current Account To Gdp - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Current Account to GDP - values, historical data and charts - was last updated on June of 2022.

Current Account to GDP in Montenegro is expected to reach -16.10 percent by the end of 2021, 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 -13.50 percent in 2022 and -12.00 percent in 2023, according to our econometric models.

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Montenegro Current Account to GDP



Related Last Previous Unit Reference
Current Account -183802.55 -204250.91 EUR Thousand Mar 2022
Current Account to GDP -25.90 -15.00 percent of GDP Dec 2020
Imports 289996.30 284701.00 EUR Thousand Apr 2022
Capital Flows -165094.74 -244908.79 EUR Thousand Mar 2022
Remittances 86222.00 85668.00 EUR Thousand Dec 2021
Foreign Direct Investment 663046.12 778472.34 EUR Thousand Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
-25.90 -15.00 -7.40 -44.23 2003 - 2020 percent of GDP Yearly