Debt service (PPG and IMF only, % of exports of goods, services and) in Montenegro
Montenegro: Debt service (PPG and IMF only, % of exports of goods, services and) was 12.1% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Montenegro, 2007–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
In 2024, debt service (ppg and imf only, % of exports of goods, services and) in Montenegro stood at 12.1%.
That represents a change of up 25.6% on the previous year and down 3.8% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Montenegro peaked at 39.8% in 2020 and was at its lowest, 2.5%, in 2008.
Montenegro ranks 26th of 118 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 8.2% | — |
| 2008 | 2.5% | -68.9% |
| 2009 | 3.1% | +21.4% |
| 2010 | 5.4% | +75.0% |
| 2011 | 9.2% | +70.0% |
| 2012 | 12.9% | +40.7% |
| 2013 | 16.4% | +26.5% |
| 2014 | 12.6% | -22.9% |
| 2015 | 23.9% | +89.6% |
| 2016 | 22.4% | -6.3% |
| 2017 | 12.5% | -44.0% |
| 2018 | 25.6% | +104.3% |
| 2019 | 19.8% | -22.7% |
| 2020 | 39.8% | +101.1% |
| 2021 | 19.2% | -51.8% |
| 2022 | 11.3% | -41.2% |
| 2023 | 9.7% | -14.5% |
| 2024 | 12.1% | +25.6% |
Montenegro compared with similar countries
- Montenegro's 12.1% is above the median for upper middle income countries, which is 7.8%, 1.6× the median. (50 countries reporting)
- Montenegro's 12.1% is above the median for Europe & Central Asia, which is 6.2%, 2.0× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.6% | 2.5% | 8.2% | 3 |
| 2010s | 16.1% | 5.4% | 25.6% | 10 |
| 2020s | 18.4% | 9.7% | 39.8% | 5 |
Countries ranked near Montenegro
More external debt data for Montenegro
- IFC, private nonguaranteed -1.95 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita -3.13 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0.0002 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -184.67 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 5.5% (2024)
- Net financial flows, IDA -3.33 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -5.34 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0004 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 78.92 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 11.0% (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Montenegro?
- Debt service (ppg and imf only, % of exports of goods, services and) in Montenegro was 12.1% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Montenegro?
- The highest recorded value was 39.8% in 2020.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Montenegro?
- The lowest recorded value was 2.5% in 2008.
- How does Montenegro rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Montenegro ranks 26th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Montenegro?
- Over the last ten years it is down 3.8%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.