Montenegro recorded a Current Account deficit of 18.50 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Montenegro averaged -19.53 percent from 2003 until 2018, reaching an all time high of -7.40 percent in 2003 and a record low of -44.23 percent in 2007.

Current Account to GDP in Montenegro is expected to be -18.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Current Account to GDP is projected to trend around -17.80 percent in 2020, according to our econometric models.

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Montenegro Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-18.50 -18.90 -7.40 -44.23 2003 - 2018 percent Yearly


Montenegro Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

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 [+]