Montenegro
Government debt in Montenegro
Government debt in Montenegro: 85.7% of GDP in 2002 and 63.5% of GDP in 2025, by IMF estimates.
- Latest, 2025
- 63.5% of GDP
- Since 2002
- −22.2 percentage points
- Rank, 2025
- 50 of 149
- counting from the highest
- Projected, 2031
- 64.9% of GDP
- IMF projection (World Economic Outlook, October 2026)
% of GDP · IMF
What the numbers say
- The IMF projection (World Economic Outlook, October 2026) puts it at 64.9% of GDP in 2031.
- The highest was 106.4% of GDP in 2020, the lowest 28.3% of GDP in 2007.
Every year
% of GDP · IMF
| Year | Montenegro |
|---|---|
| 2025 | 63.5 |
| 2024 | 59.8 |
| 2023 | 58.4 |
| 2022 | 69 |
| 2021 | 84.6 |
| 2020 | 106.4 |
| 2019 | 77.4 |
| 2018 | 71 |
| 2017 | 64.9 |
| 2016 | 64.7 |
| 2015 | 67.4 |
| 2014 | 60.1 |
| 2013 | 55.7 |
| 2012 | 53.6 |
| 2011 | 45.9 |
| 2010 | 42 |
| 2009 | 40.7 |
| 2008 | 31.2 |
| 2007 | 28.3 |
| 2006 | 32.4 |
| 2005 | 38.6 |
| 2004 | 45.4 |
| 2003 | 48.7 |
| 2002 | 85.7 |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Montenegro |
|---|---|
| 2026 | 66.8 |
| 2027 | 61.1 |
| 2028 | 61.8 |
| 2029 | 62.5 |
| 2030 | 63.7 |
| 2031 | 64.9 |
Good to know
- What the government owes, as a share of the economy’s yearly output.
- 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 149 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 in numbers
Every measure for Montenegro on one page
Health
People
Economy
Education
Politics
Conflict
Military
- Military spending1.89% of GDP in 2025
- Military spending in US dollars$163M in 2025
- Military spending per person$277 in 2025
- Military share of state spending4.4% of government spending in 2025
- Armed forces personnel12,000 people in 2020
- National power0.01% of world capability in 2022
- Armed forces, share of workers4.66% of the labour force in 2020
- Arms imports1 million TIV in 2025
- Arms exports4 million TIV in 2022
Climate
Technology and environment
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