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 September of 2021.

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

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

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -235468.00 -205711.00 -26292.90 -235468.00 EUR Thousand [+]
Current Account -246849.35 -161851.00 292018.31 -493338.85 EUR Thousand [+]
Current Account to GDP -25.90 -15.00 -7.40 -44.23 percent of GDP [+]
Imports 268088.00 242234.30 268088.00 65303.70 EUR Thousand [+]
Exports 32619.50 35928.10 52965.30 11428.00 EUR Thousand [+]
Capital Flows -112686.79 -93078.47 542738.38 -414015.89 EUR Thousand [+]
Tourist Arrivals 172906.00 69923.00 220915.00 0.00 Persons [+]
Remittances 92899.00 73697.00 92899.00 35725.82 EUR Thousand [+]
Foreign Direct Investment 663046.12 778472.34 1223999.76 479191.48 EUR Thousand [+]
Terrorism Index 0.42 1.00 1.45 0.00 [+]

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.