Public and publicly guaranteed debt service in Montenegro
Montenegro: Public and publicly guaranteed debt service was 11.0% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Montenegro, 2007–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Montenegro recorded 11.0% for public and publicly guaranteed debt service in 2024.
Compared with earlier readings it is up 22.3% on the previous year and down 12.8% over ten years.
Over the whole period, public and publicly guaranteed debt service in Montenegro peaked at 39.8% in 2020 and was at its lowest, 2.5%, in 2008.
That places Montenegro 28th out of 120 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Public and publicly guaranteed debt service in Montenegro, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 2007 | 8.1% | — |
| 2008 | 2.5% | -68.8% |
| 2009 | 3.1% | +22.0% |
| 2010 | 5.4% | +75.0% |
| 2011 | 9.2% | +70.2% |
| 2012 | 12.9% | +40.8% |
| 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% | -22.8% |
| 2020 | 39.8% | +101.1% |
| 2021 | 19.2% | -51.8% |
| 2022 | 11.2% | -41.5% |
| 2023 | 9.0% | -19.8% |
| 2024 | 11.0% | +22.3% |
Montenegro compared with similar countries
- Montenegro's 11.0% is above the median for upper middle income countries, which is 7.4%, 1.5× the median. (51 countries reporting)
- Montenegro's 11.0% is above the median for Europe & Central Asia, which is 5.0%, 2.2× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.6% | 2.5% | 8.1% | 3 |
| 2010s | 16.1% | 5.4% | 25.6% | 10 |
| 2020s | 18.0% | 9.0% | 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre -397.69 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Montenegro?
- Public and publicly guaranteed debt service in Montenegro was 11.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Montenegro?
- The highest recorded value was 39.8% in 2020.
- What is the lowest public and publicly guaranteed debt service recorded in Montenegro?
- The lowest recorded value was 2.5% in 2008.
- How does Montenegro rank for public and publicly guaranteed debt service?
- Montenegro ranks 28th out of 120 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Montenegro?
- Over the last ten years it is down 12.8%. 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 Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to exports of goods, services, and income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.