Montenegro recorded a Current Account deficit of 18.50 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Montenegro averaged -19.53 percent from 2003 until 2018, 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 October of 2020.

Current Account to GDP in Montenegro is expected to reach -18.20 percent by the end of 2020, 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 -16.10 percent in 2021 and -13.50 percent in 2022, according to our econometric models.

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Montenegro Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-18.50 -18.90 -7.40 -44.23 2003 - 2018 percent Yearly

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -154879.00 -134197.00 -26293.00 -223260.90 EUR Thousand [+]
Current Account -316460.93 -321903.27 292018.31 -493338.85 EUR Thousand [+]
Current Account to GDP -18.50 -18.90 -7.40 -44.23 percent [+]
Imports 178717.00 164936.00 264187.00 65304.00 EUR Thousand [+]
Exports 23838.40 30739.50 52965.30 11428.00 EUR Thousand [+]
Capital Flows -337620.61 -312620.85 542738.38 -337620.61 EUR Thousand [+]
Tourist Arrivals 60384.00 32855.00 220915.00 0.00 Persons [+]
Remittances 54001.44 64488.35 64488.35 35725.82 EUR Thousand [+]
Foreign Direct Investment 769972.85 858113.20 1223999.76 479191.48 EUR Thousand [+]
Terrorism Index 1.00 0.04 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.