Montenegro Short-term Debt
Short-term debt as % of total external debt DT.DOD.DSTC.ZS
Montenegro's short-term debt was 1.57% in 2025, ranked 93rd globally. This represents a 41.5% decrease from 2024. Data from World Bank, covering 2006–2025.
Overview
Montenegro's short-term debt stood at 1.57% in 2025, a decline of +1.12% from 2024. Based on recent trends, this figure is projected to reach 1.57% by 2025. Montenegro ranked 93rd globally.
Montenegro’s short‑term debt, measured as a share of gross government debt, remained at 1.57 in 2025, placing the country 93rd in the global ranking. The indicator began at a baseline of 0.00 in 2006, surged to an all‑time peak of 51.22 in 2009 during the global financial crisis, and then contracted sharply, returning to zero the following year before stabilising at low single‑digit levels. This volatility reflects the nation’s reliance on external financing to bridge fiscal gaps during periods of economic stress, followed by aggressive debt‑reduction policies that have kept short‑term obligations modest for most of the last decade. Compared with peers, Montenegro’s 2025 figure is slightly lower than Timor‑Leste’s 1.78 and closely aligned with Papua New Guinea’s 1.56, indicating a similar debt‑service profile among small, emerging economies. Continued fiscal consolidation and diversification of revenue sources will be crucial to prevent a resurgence of short‑term borrowing and to sustain the downward trajectory.
Data & projection
| Year | Short-term Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 0.52% | - | - |
| 2026* trend | 1.05% | - | - |
| 2025* trend | 1.57% | - | - |
| 2025 | 1.57% | −1.12% | #93 |
| 2024 | 2.69% | +0.72% | #29 |
| 2023 | 1.97% | −0.43% | #21 |
| 2022 | 2.40% | −2.41% | #20 |
| 2021 | 4.81% | +0.90% | #37 |
| 2020 | 3.91% | +0.55% | #30 |
| 2019 | 3.36% | +0.70% | #28 |
| 2018 | 2.66% | −0.73% | #25 |
| 2017 | 3.39% | +0.62% | #29 |
| 2016 | 2.78% | −0.87% | #21 |
| 2015 | 3.65% | −0.54% | #28 |
| 2014 | 4.19% | −2.80% | #30 |
| 2013 | 6.98% | −1.73% | #44 |
| 2012 | 8.71% | +0.48% | #56 |
| 2011 | 8.24% | +4.11% | #55 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw short-term debt improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's short-term debt was 1.57% in 2025. Ranked 93rd globally. This represents a 41.5% decrease from the previous year.
Montenegro's short-term debt peaked at 51.22% in 2009.
The lowest short-term debt in Montenegro was 0.00% in 2006.
Montenegro ranks 93rd globally in short-term debt as of 2025.
The World Bank indicator code is DT.DOD.DSTC.ZS. Data sourced from World Bank.
Montenegro's short-term debt is projected to reach 1.57% by 2025 based on trend extrapolation.
The short-term debt of Montenegro in 2025 was 1.57%. This ranks 93rd in the world.
Cite this page
@misc{historysaid_montenegro_short-term-debt,
title = {Montenegro Short-term Debt},
url = {https://historysaid.com/montenegro/short-term-debt/},
publisher = {HistorySaid},
year = {2026}
}