External debt stocks, public and publicly guaranteed (PPG) (DOD) in Montenegro
Montenegro: External debt stocks, public and publicly guaranteed (PPG) (DOD) was 0.5454 DOD, current US$ per US$ of GDP in 2024. ▲ Rising
External debt stocks, public and publicly guaranteed (PPG) (DOD) in Montenegro, 2006–2024
Source: Statizoid (derived). Measured in DOD, current US$ per US$ of GDP.
Analysis
In 2024, external debt stocks, public and publicly guaranteed (ppg) (dod) in Montenegro stood at 0.5454 DOD, current US$ per US$ of GDP.
That represents a change of up 5.0% on the previous year and up 5.8% over ten years.
Over the whole period, external debt stocks, public and publicly guaranteed (ppg) (dod) in Montenegro peaked at 1.02 DOD, current US$ per US$ of GDP in 2020 and was at its lowest, 0.1867 DOD, current US$ per US$ of GDP, in 2008.
That places Montenegro 15th out of 122 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
External debt stocks, public and publicly guaranteed (PPG) (DOD) in Montenegro, year by year
| Year | DOD, current US$ per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.3046 DOD, current US$ per US$ of GDP | — |
| 2007 | 0.2291 DOD, current US$ per US$ of GDP | -24.8% |
| 2008 | 0.1867 DOD, current US$ per US$ of GDP | -18.5% |
| 2009 | 0.2631 DOD, current US$ per US$ of GDP | +40.9% |
| 2010 | 0.326 DOD, current US$ per US$ of GDP | +23.9% |
| 2011 | 0.3998 DOD, current US$ per US$ of GDP | +22.6% |
| 2012 | 0.5356 DOD, current US$ per US$ of GDP | +34.0% |
| 2013 | 0.5482 DOD, current US$ per US$ of GDP | +2.4% |
| 2014 | 0.5155 DOD, current US$ per US$ of GDP | -6.0% |
| 2015 | 0.6372 DOD, current US$ per US$ of GDP | +23.6% |
| 2016 | 0.5572 DOD, current US$ per US$ of GDP | -12.6% |
| 2017 | 0.62 DOD, current US$ per US$ of GDP | +11.3% |
| 2018 | 0.6304 DOD, current US$ per US$ of GDP | +1.7% |
| 2019 | 0.6763 DOD, current US$ per US$ of GDP | +7.3% |
| 2020 | 1.02 DOD, current US$ per US$ of GDP | +50.7% |
| 2021 | 0.7374 DOD, current US$ per US$ of GDP | -27.7% |
| 2022 | 0.6295 DOD, current US$ per US$ of GDP | -14.6% |
| 2023 | 0.5192 DOD, current US$ per US$ of GDP | -17.5% |
| 2024 | 0.5454 DOD, current US$ per US$ of GDP | +5.0% |
Montenegro compared with similar countries
- Montenegro's 0.5454 DOD, current US$ per US$ of GDP is above the median for upper middle income countries, which is 0.2354 DOD, current US$ per US$ of GDP, 2.3× the median. (52 countries reporting)
- Montenegro's 0.5454 DOD, current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.1978 DOD, current US$ per US$ of GDP, 2.8× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2459 DOD, current US$ per US$ of GDP | 0.1867 DOD, current US$ per US$ of GDP | 0.3046 DOD, current US$ per US$ of GDP | 4 |
| 2010s | 0.5446 DOD, current US$ per US$ of GDP | 0.326 DOD, current US$ per US$ of GDP | 0.6763 DOD, current US$ per US$ of GDP | 10 |
| 2020s | 0.6902 DOD, current US$ per US$ of GDP | 0.5192 DOD, current US$ per US$ of GDP | 1.02 DOD, current US$ per US$ of GDP | 5 |
Countries ranked near Montenegro
- 12 Grenada 0.5824 DOD, current US$ per US$ of GDP compare
- 13 Rwanda 0.5523 DOD, current US$ per US$ of GDP compare
- 14 Ukraine 0.5512 DOD, current US$ per US$ of GDP compare
- 16 Dominica 0.493 DOD, current US$ per US$ of GDP compare
- 17 Eritrea 0.4891 DOD, current US$ per US$ of GDP compare
- 18 Angola 0.4473 DOD, current US$ per US$ of GDP compare
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 external debt stocks, public and publicly guaranteed (ppg) (dod) in Montenegro?
- External debt stocks, public and publicly guaranteed (ppg) (dod) in Montenegro was 0.5454 DOD, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest external debt stocks, public and publicly guaranteed (ppg) (dod) recorded in Montenegro?
- The highest recorded value was 1.02 DOD, current US$ per US$ of GDP in 2020.
- What is the lowest external debt stocks, public and publicly guaranteed (ppg) (dod) recorded in Montenegro?
- The lowest recorded value was 0.1867 DOD, current US$ per US$ of GDP in 2008.
- How does Montenegro rank for external debt stocks, public and publicly guaranteed (ppg) (dod)?
- Montenegro ranks 15th out of 122 countries with data for 2024.
- Is external debt stocks, public and publicly guaranteed (ppg) (dod) rising or falling in Montenegro?
- Over the last ten years it is up 5.8%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Statizoid (derived), published as part of External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) ÷ GDP (current US$)
Computed from
- External debt stocks, public and publicly guaranteed (PPG) International Debt Statistics, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.