Montenegro Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Montenegro's government debt to gdp was 60.79% in 2025, ranked 72nd globally. This represents a 0.1% increase from 2024. Data from IMF WEO, covering 2002–2025.
Overview
Montenegro's government debt to gdp stood at 60.79% in 2025, a rise of +0.04% from 2024. The IMF projects 60.79% by 2025. Montenegro ranked 72nd globally.
Montenegro’s government debt-to‑GDP ratio has fallen sharply from its all‑time trough of 31.78 in 2007 to a peak of 108.40 during the pandemic‑induced surge of 2020, before retreating to 60.79 in 2025, ranking it 72nd globally. The post‑crisis contraction reflects fiscal consolidation measures and a modest rebound in economic activity, bringing the ratio close to that of Romania (61.21) and Poland (60.02), its nearest peers in the IMF World Economic Outlook. Over the 24‑year coverage period, the debt trajectory shows a pronounced V‑shape, with the steepest decline occurring between 2020 and 2025 as primary balances improved and external financing costs eased. Continued structural reforms, higher growth rates, and disciplined budgeting could further lower the debt ratio, whereas renewed fiscal stimulus or external shocks might halt the downward trend.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 64.80% | - | - |
| 2029* IMF | 63.23% | - | - |
| 2028* IMF | 62.22% | - | - |
| 2027* IMF | 61.72% | - | - |
| 2026* IMF | 61.56% | - | - |
| 2025* IMF | 60.79% | - | - |
| 2025 | 60.79% | +0.04% | #72 |
| 2024 | 60.76% | +1.19% | #112 |
| 2023 | 59.57% | −10.74% | #108 |
| 2022 | 70.31% | −15.87% | #130 |
| 2021 | 86.18% | −22.22% | #149 |
| 2020 | 108.40% | +28.77% | #164 |
| 2019 | 79.64% | +6.78% | #153 |
| 2018 | 72.86% | +5.93% | #149 |
| 2017 | 66.93% | +0.25% | #140 |
| 2016 | 66.69% | −2.83% | #138 |
| 2015 | 69.51% | +5.96% | #148 |
| 2014 | 63.56% | +4.32% | #143 |
| 2013 | 59.23% | +2.14% | #141 |
| 2012 | 57.09% | +8.12% | #139 |
| 2011 | 48.97% | +3.90% | #124 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's government debt to gdp was 60.79% in 2025. Ranked 72nd globally. This represents a 0.1% increase from the previous year.
Montenegro's government debt to gdp peaked at 108.40% in 2020.
The lowest government debt to gdp in Montenegro was 31.78% in 2007.
Montenegro ranks 72nd globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Montenegro's government debt to gdp is projected to reach 60.79% by 2025 based on IMF projection.
The government debt to gdp of Montenegro in 2025 was 60.79%. This ranks 72nd in the world.
Cite this page
@misc{historysaid_montenegro_government-debt-to-gdp,
title = {Montenegro Government Debt to GDP},
url = {https://historysaid.com/montenegro/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}