Foreign Trade (As % of GDP) in Montenegro

Source: World Bank
Last Updated: Feb 1, 2021

Foreign trade as a share of GDP reached 110 % in 2018 in Montenegro, according to the National Statistical Office. This is 1.01 % more than in the previous year.

Historically, foreign trade as a share of GDP in Montenegro reached an all time high of 132 % in 2008 and an all time low of 77.6 % in 2003. When compared to Montenegro's main peers, foreign trade as a share of GDP in Albania amounted to 76.9 %, 99.2 % in Bosnia and Herzegovina, 101 % in Croatia and 109 % in Serbia in 2018.

Montenegro has been ranked 39th within the group of 163 countries we follow in terms of foreign trade as a share of GDP, 9 places behind the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.


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