Montenegro Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Montenegro's current account balance was -18.13% in 2025, ranked 180th globally. This represents a 6.8% decrease from 2024. Data from World Bank, covering 2001–2025.
Overview
Montenegro's current account balance stood at -18.13% in 2025, a decline of +1.15% from 2024. The IMF projects -18.13% by 2025. Montenegro ranked 180th globally.
Montenegro’s current‑account balance has remained persistently negative over the 25‑year series, widening from –13.65 in 2001 to a record deficit of –49.70 in 2008, the all‑time trough, before receding to –6.88 in 2003, the peak of relative improvement. The latest World Bank estimate for 2025 shows a deficit of –18.13, placing Montenegro 180th globally and closely aligned with peers such as Malawi (–18.33) and Ukraine (–16.51). The post‑2008 expansion of the deficit reflects a combination of higher import intensity and slower growth in export‑oriented sectors, while the modest recovery after 2003 suggests that fiscal adjustments and tourism‑driven earnings have partially offset external imbalances. Structural reforms aimed at diversifying export markets and enhancing value‑added production could moderate the negative trajectory, while any resurgence in global commodity prices or tourism demand may further improve the balance in the medium term.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -15.62% | - | - |
| 2029* IMF | -16.05% | - | - |
| 2028* IMF | -16.47% | - | - |
| 2027* IMF | -16.98% | - | - |
| 2026* IMF | -17.48% | - | - |
| 2025* IMF | -18.13% | - | - |
| 2025 | -18.13% | −1.15% | #180 |
| 2024 | -16.98% | −5.79% | #13 |
| 2023 | -11.14% | +1.75% | #23 |
| 2022 | -13.08% | −3.82% | #23 |
| 2021 | -9.29% | +17.01% | #36 |
| 2020 | -26.19% | −11.76% | #6 |
| 2019 | -14.51% | +2.72% | #16 |
| 2018 | -17.36% | −1.09% | #12 |
| 2017 | -15.85% | +0.46% | #14 |
| 2016 | -16.24% | −5.13% | #13 |
| 2015 | -11.05% | +1.40% | #31 |
| 2014 | -12.46% | −0.95% | #21 |
| 2013 | -11.57% | +3.77% | #28 |
| 2012 | -15.68% | −0.79% | #18 |
| 2011 | -14.75% | +5.59% | #18 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's current account balance was -18.13% in 2025. Ranked 180th globally. This represents a 6.8% decrease from the previous year.
Montenegro's current account balance peaked at -6.88% in 2003.
The lowest current account balance in Montenegro was -49.70% in 2008.
Montenegro ranks 180th globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Montenegro's current account balance is projected to reach -18.13% by 2025 based on IMF projection.
The current account balance of Montenegro in 2025 was -18.13%. This ranks 180th in the world.
Cite this page
@misc{historysaid_montenegro_current-account,
title = {Montenegro Current Account Balance},
url = {https://historysaid.com/montenegro/current-account/},
publisher = {HistorySaid},
year = {2026}
}