Government gross debt in Montenegro

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 62.4% 2027: 62.8% 2028: 63.1% 2029: 64.1% 2030: 65.0% 2031: 66.1%

66.1 (2031) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 2031	66.1
Jan 2030	65.0
Jan 2029	64.1
Jan 2028	63.1
Jan 2027	62.8
Jan 2026	62.4
Jan 2025	67.1
Jan 2024	60.8
Jan 2023	59.6
Jan 2022	70.3
Jan 2021	86.2
Jan 2020	108.4
Jan 2019	79.6
Jan 2018	72.9
Jan 2017	66.9
Jan 2016	66.7
Jan 2015	69.5
Jan 2014	63.6
Jan 2013	59.2
Jan 2012	57.1
Jan 2011	49.0
Jan 2010	45.1
Jan 2009	43.9
Jan 2008	34.2
Jan 2007	31.8
Jan 2006	36.7
Jan 2005	38.6
Jan 2004	45.4
Jan 2003	48.6
Jan 2002	85.7

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Measures the total gross debt owed by Montenegro's government to its domestic and external creditors. Published by the Ministry of Finance and the statistics office (MONSTAT), it is reported in absolute terms and as a share of GDP.

How it's calculated

Calculated by summing government liabilities (issued securities and loans), distinguishing domestic and external debt. As an EU candidate that uses the euro unilaterally, it is moving towards Maastricht-comparable standards; the debt-to-GDP ratio is the usual reference.

Market implications

In a small economy with externally financed projects, the level and path of debt are critical for market access, the rating and negotiations with creditors. A deterioration pressures the sovereign risk premium.

Limitations

It is a low-frequency, revisable series with high external-debt exposure. The ratio depends on nominal GDP, so it can move with growth without a change in the actual debt stock.