Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in Montenegro
Montenegro: Net flows on external debt, private nonguaranteed (PNG) (NFL, current) was 821.88 million NFL, current US$ in 2025. ◆ Volatile
Net flows on external debt, private nonguaranteed (PNG) in Montenegro, 2006–2025
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
In 2025, net flows on external debt, private nonguaranteed (png) in Montenegro stood at 821.88 million NFL, current US$.
That represents a change of up 270.6% on the previous year and up 455.6% over ten years.
Over the whole period, net flows on external debt, private nonguaranteed (png) in Montenegro peaked at 987.04 million NFL, current US$ in 2013 and was at its lowest, -481.83 million NFL, current US$, in 2024.
Montenegro ranks 21st of 94 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in Montenegro, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 2006 | 1.92 million NFL, current US$ | — |
| 2007 | -3.04 million NFL, current US$ | -258.0% |
| 2008 | 587,000 NFL, current US$ | -119.3% |
| 2009 | 5.18 million NFL, current US$ | +782.6% |
| 2010 | 292.84 million NFL, current US$ | +5552.2% |
| 2011 | 283.78 million NFL, current US$ | -3.1% |
| 2012 | 187.98 million NFL, current US$ | -33.8% |
| 2013 | 987.04 million NFL, current US$ | +425.1% |
| 2014 | -319.63 million NFL, current US$ | -132.4% |
| 2015 | -231.12 million NFL, current US$ | -27.7% |
| 2016 | -195.84 million NFL, current US$ | -15.3% |
| 2017 | 371.67 million NFL, current US$ | -289.8% |
| 2018 | 407.38 million NFL, current US$ | +9.6% |
| 2019 | -17.78 million NFL, current US$ | -104.4% |
| 2020 | 736.77 million NFL, current US$ | -4244.3% |
| 2021 | -472.77 million NFL, current US$ | -164.2% |
| 2022 | -208.45 million NFL, current US$ | -55.9% |
| 2023 | -113.18 million NFL, current US$ | -45.7% |
| 2024 | -481.83 million NFL, current US$ | +325.7% |
| 2025 | 821.88 million NFL, current US$ | -270.6% |
Montenegro compared with similar countries
- Montenegro's 821.88 million NFL, current US$ is above the median for upper middle income countries, which is -6.12 million NFL, current US$. (44 countries reporting)
- Montenegro's 821.88 million NFL, current US$ is above the median for Europe & Central Asia, which is 103.09 million NFL, current US$, 8.0× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Net flows on external debt, private nonguaranteed (PNG) (NFL, current) in Montenegro changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +5552.2% | 5.18 million NFL, current US$ | 292.84 million NFL, current US$ |
| 2020 | +4244.3% | -17.78 million NFL, current US$ | 736.77 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.16 million NFL, current US$ | -3.04 million NFL, current US$ | 5.18 million NFL, current US$ | 4 |
| 2010s | 176.63 million NFL, current US$ | -319.63 million NFL, current US$ | 987.04 million NFL, current US$ | 10 |
| 2020s | 47.07 million NFL, current US$ | -481.83 million NFL, current US$ | 821.88 million NFL, current US$ | 6 |
Countries ranked near Montenegro
- 18 Mauritius 1.16 billion NFL, current US$ compare
- 19 Angola 1.03 billion NFL, current US$ compare
- 20 Paraguay 951.34 million NFL, current US$ compare
- 22 Ghana 784.23 million NFL, current US$ compare
- 23 Bosnia and Herzegovina 740.69 million NFL, current US$ compare
- 24 Moldova 701.03 million NFL, current US$ compare
More external debt data for Montenegro
- Net financial flows, IBRD -5.24 million NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre -397.69 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 114.78 million DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 5.71 billion DOD, current US$ (2025)
- External debt stocks, long-term 10.41 billion DOD, current US$ (2025)
Frequently asked questions
- What is net flows on external debt, private nonguaranteed (png) in Montenegro?
- Net flows on external debt, private nonguaranteed (png) in Montenegro was 821.88 million NFL, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest net flows on external debt, private nonguaranteed (png) recorded in Montenegro?
- The highest recorded value was 987.04 million NFL, current US$ in 2013.
- What is the lowest net flows on external debt, private nonguaranteed (png) recorded in Montenegro?
- The lowest recorded value was -481.83 million NFL, current US$ in 2024.
- How does Montenegro rank for net flows on external debt, private nonguaranteed (png)?
- Montenegro ranks 21st out of 94 countries with data for 2025.
- Is net flows on external debt, private nonguaranteed (png) rising or falling in Montenegro?
- Over the last ten years it is up 455.6%. 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 Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$). Statizoid updates them automatically from the source API.
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About this data
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.