Current Account Balance (As % of GDP) rose to -16.0% in Montenegro in 2019

Current Account Balance (As % of GDP) (%)
Economy | Montenegro | January 1, 2020
$2.99
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Current account balance as a share of GDP reached -16.0 % in 2019 in Montenegro, according to the National Statistical Office. This is 4.58 % less than in the previous year.

Historically, current account balance as a share of GDP in Montenegro reached an all time high of -0.131 % in 2015 and an all time low of -31.3 % in 2006. When compared to Montenegro's main peers, current account balance as a share of GDP in Albania amounted to -6.61 %, -6.56 % in Bosnia and Herzegovina, 2.26 % in Croatia and -5.58 % in Serbia in 2019.

Montenegro has been ranked 165th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 1 places behind the position seen 10 years ago.

The current account is one of the two primary components of the balance of payments, the other being the capital account.

Current Account Balance (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Albania % -0.075% -7.10% -6.61% -6.36% -6.32%
Bosnia and Herzegovina % -0.047% -5.95% -6.56% -5.82% -5.03%
Croatia % 0.054% 2.70% 2.26% 1.72% 1.50%
Greece % -0.016% -0.765% -0.447% -0.330% -0.248%
Hungary % 0.032% 2.32% 2.11% 1.89% 1.39%
Italy % 0.028% 1.98% 1.59% 1.44% 1.25%
Kosovo % -0.062% -7.17% -6.64% -6.63% -6.17%
Macedonia % -0.008% -1.05% -1.65% -2.05% -2.35%
Montenegro % -0.182% -16.8% -16.0% -11.8% -10.9%
Romania % -0.032% -3.50% -3.36% -3.26% -3.24%
Serbia % -0.056% -5.69% -5.58% -5.23% -5.05%
Slovenia % 0.071% 6.31% 5.49% 5.16% 4.27%