Montenegro vs Serbia

Montenegro vs Serbia: Inflation

Inflation in 2025: 3.9% a year in Montenegro and 3.9% a year in Serbia, by IMF estimates. In 2025 the value was higher in Serbia, by 0 percentage points, or 1 times that in Montenegro.

% a year · IMF

Montenegro vs Serbia: InflationInflation in 2025: 3.9% a year in Montenegro and 3.9% a year in Serbia, by IMF estimates. In 2025 the value was higher in Serbia, by 0 percentage points, or 1 times that in Montenegro.
MontenegroSerbiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Serbia has been higher since 2023, when it overtook Montenegro.
  • In 2025, Montenegro ranked 57 and Serbia ranked 56 of 179 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Montenegro at 2.2% a year and Serbia at 3% a year in 2031.

Every year

% a year · IMF

YearMontenegroSerbia
20253.93.9
20243.34.7
20238.612.4
20221312
20212.44.1
2020-0.31.5
20190.41.9
20182.62
20172.43.2
2016-0.31.1
20151.61.4
2014-0.72.2
20132.27.7
20124.17.3
20113.511.1
20100.46.1
20093.58.1
2008912.4
20073.45.9
20062.110.7
20053.416.3
20043.110.6
20037.52.9
200219.78.9
200123.780.7
200029.970
1999–41.1
1998–30
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearMontenegroSerbia
20263.53.1
20273.34.2
20282.33.1
20292.23
20302.23
20312.23

Each country on its own

Good to know

  • How much consumer prices rose in a year, on average.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 179 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Montenegro vs Serbia

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