Montenegro’s current account surplus rose to EUR 239.5 million in the third quarter of 2019 from EUR 200.3 million in the same period of 2018. The services surplus went up to EUR 749.3 million from EUR 699.9 million and the secondary income surplus advanced to EUR 79.6 million from EUR 63.9 million. On the other hand, the goods gap increased to EUR 569.6 million from EUR 374.5 million a year earlier and the primary income shortfall widened sharply to EUR 19.8 million from EUR 1.3 million.

Current Account in Montenegro averaged -148815.60 EUR Thousand from 2003 until 2019, reaching an all time high of 292018 EUR Thousand in the third quarter of 2015 and a record low of -493338.85 EUR Thousand in the second quarter of 2008. This page provides - Montenegro Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account in Montenegro is expected to be -62865.37 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Montenegro to stand at -62102.24 in 12 months time. In the long-term, the Montenegro Current Account is projected to trend around -59094.38 EUR Thousand in 2020, according to our econometric models.


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Montenegro Current Account

Actual Previous Highest Lowest Dates Unit Frequency
239522.00 -328473.00 292018.00 -493338.85 2003 - 2019 EUR Thousand Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-02-19 12:00 PM Q4 €-374.6M €200.2M € -295M
2019-05-21 11:00 AM Q1 €-317.6M €-374.5M € -307M
2019-08-20 11:00 AM Q2 €-327.6M €-316.8M € -355M
2019-11-20 12:00 PM Q3 €239.5M €-328.5M € 195M
2020-02-19 12:00 PM Q4 €239.5M
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-08-20
Montenegro Current Account Deficit Widens in Q2
Montenegro's current account gap widened to EUR 327.6 million in the second quarter of 2019 from EUR 315.0 million in the same period of 2018. The goods shortfall increased to EUR 582.1 million from EUR 573.1 million a year earlier while the primary income account recorded a deficit of a EUR 3.9 million, switching from a EUR 14.1 million surplus. On the other hand, the services surplus rose to EUR 184.9 million from EUR 179.3 million and the secondary income surplus advanced to EUR 73.5 million from EUR 64.7 million.

2019-05-21
Montenegro Current Account Deficit Widens in Q1
Montenegro's current account deficit widened to EUR 317.6 million in the first quarter of 2019 from EUR 303.6 million in the same period of the previous year. The goods shortfall increased to EUR 409.2 million from EUR 389.3 million a year earlier and the primary income surplus narrowed to EUR 9.4 million from EUR 11.9 million. On the other hand, the services surplus rose to EUR 25.8 million from EUR 18.0 million and the secondary income surplus advanced to EUR 56.4 million from 55.9 million.

2019-02-19
Montenegro Current Account Gap Falls in Q4
Montenegro's current account deficit narrowed to EUR 374.6 million in the fourth quarter of 2018 from EUR 376.4 million in the same quarter of the previous year. Both the primary income (EUR 31.4 million from EUR 17.6 million) and the secondary income (EUR 80.4 million from EUR 65.2 million) surpluses widened. In contrast, the goods deficit increased to EUR 525.2 million from EUR 504.1 million and the services surplus narrowed to EUR 38.9 million from EUR 45 million.


Montenegro Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -171810.95 -189689.46 -26293.00 -223260.90 EUR Thousand [+]
Current Account 239522.00 -328473.00 292018.00 -493338.85 EUR Thousand [+]
Current Account to GDP -18.50 -18.90 -7.40 -44.23 percent [+]
Imports 205241.00 229190.00 264187.00 65304.00 EUR Thousand [+]
Exports 33431.00 39501.00 52965.30 11428.00 EUR Thousand [+]
Capital Flows -185734.89 318586.89 542738.38 -185734.89 EUR Thousand [+]
Tourist Arrivals 55654.00 116962.00 220915.00 10322.00 [+]
Terrorism Index 1.00 0.04 1.45 0.00 [+]
Remittances 64302.72 60198.25 64302.72 35725.82 EUR Thousand [+]
Foreign Direct Investment 858113.20 659232.90 1223999.76 479191.48 EUR Thousand [+]