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 July 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
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 286166.00 291125.00 EUR Thousand May 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