Montenegro GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Montenegro's gdp deflator was 11.79% in 2025, ranked 34th globally. This represents a 144.3% increase from 2024. Data from World Bank, covering 1998–2025.
Overview
Montenegro's gdp deflator stood at 11.79% in 2025, a rise of +6.97pp from 2024. Based on recent trends, this figure is projected to reach 11.79% by 2025. Montenegro ranked 34th globally.
Montenegro’s GDP deflator has shown considerable volatility over the 28‑year series, moving from an all‑time trough of –1.83 % in 1998 to a peak of 32.90 % in 2000 before settling at 11.79 % in 2025, a level that places the country 34th in the global ranking. The sharp rise at the turn of the millennium reflected the abrupt price adjustments that accompanied the transition to a market economy and the introduction of a convertible currency, while the modest but positive 2025 figure signals a return to moderate inflation after a decade of relative price stability. Compared with peers of similar rank, Montenegro’s deflator is close to the Gambia’s 11.65 % and Croatia’s 11.10 %, suggesting that its price dynamics are broadly aligned with other small open economies in the region. Continued fiscal discipline and stable exchange‑rate policies are likely to keep the deflator within a low‑to‑moderate range, although external shocks to commodity prices could push it higher.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 15.23% | - | - |
| 2026* trend | 13.51% | - | - |
| 2025* trend | 11.79% | - | - |
| 2025 | 11.79% | +6.97pp | #34 |
| 2024 | 4.83% | −6.85pp | #123 |
| 2023 | 11.68% | −0.39pp | #173 |
| 2022 | 12.07% | +7.00pp | #154 |
| 2021 | 5.07% | +5.53pp | #115 |
| 2020 | -0.46% | −2.45pp | #44 |
| 2019 | 1.98% | −1.32pp | #93 |
| 2018 | 3.30% | −1.35pp | #114 |
| 2017 | 4.66% | −0.62pp | #141 |
| 2016 | 5.28% | +2.99pp | #165 |
| 2015 | 2.29% | +1.15pp | #104 |
| 2014 | 1.14% | −0.48pp | #74 |
| 2013 | 1.62% | +1.24pp | #84 |
| 2012 | 0.37% | +0.03pp | #23 |
| 2011 | 0.34% | −1.48pp | #24 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's gdp deflator was 11.79% in 2025. Ranked 34th globally. This represents a 144.3% increase from the previous year.
Montenegro's gdp deflator peaked at 32.90% in 2000.
The lowest gdp deflator in Montenegro was -1.83% in 1998.
Montenegro ranks 34th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Montenegro's gdp deflator is projected to reach 11.79% by 2025 based on trend extrapolation.
The gdp deflator of Montenegro in 2025 was 11.79%. This ranks 34th in the world.
Cite this page
@misc{historysaid_montenegro_gdp-deflator,
title = {Montenegro GDP Deflator},
url = {https://historysaid.com/montenegro/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}