Montenegro's adjusted savings, net national savings (current US$) was US$303.44 million in 2021, the latest year in the World Bank's World Development Indicators. That is up 202.63% from −US$295.65 million in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$303.44 million | 2021 |
| Five years earlier | −US$137.33 million | 2016 |
| Ten years earlier | −US$295.65 million | 2011 |
| Highest | US$303.44 million | 2021 |
| Lowest | −US$876 million | 2008 |
| Average since 2012 | −US$45.34 million | 2012–2021 |
| First recorded | −US$589.62 million |
What the numbers say
In 2021, Montenegro's adjusted savings, net national savings (current US$) rose US$646.68 million on 2020 (from −US$343.24 million to US$303.44 million).
Across the 13 yearly changes before that (2008 to 2020), the average change was +US$18.95 million and a typical year strayed about US$244.97 million from that (the standard deviation). This year's change was 2.6 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$646.68 million in 2021 and the biggest yearly fall was US$626.94 million in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 the straight-line trend is upward, about US$46.92 million a year. A straight line explains 36% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Montenegro had the 108th highest value of the 132 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Montenegro in the 2021 ranking
- Cabo Verde — 104th of 132: US$402.43 million
- Madagascar — 105th of 132: US$385.41 million
- Vanuatu — 106th of 132: US$385.01 million
- Bhutan — 108th of 132: US$302.16 million
- Rwanda — 109th of 132: US$268.44 million
- Bahamas, The — 110th of 132: US$227.71 million
What this measures
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 15 values
| Year | Adjusted savings, net national savings (current US$) |
|---|---|
| 2021 | 303,436,654 |
| 2020 | -343,239,156 |
| 2019 | 283,702,494 |
| 2018 | 129,853,772 |
| 2017 | 123,209,066 |
| 2016 | -137,332,341 |
| 2015 | -110,005,237 |
| 2014 | -232,686,227 |
| 2013 | -190,473,416 |
| 2012 | -279,879,025 |
Adjusted savings, net national savings (current US$) in nearby economies
- Albania — US$457.58 million (2021)
- Armenia — US$542.25 million (2021)
- Austria — US$41.3 billion (2021)
- Azerbaijan — US$13.29 billion (2021)
- Belarus — US$8.86 billion (2021)
- Belgium — US$41.28 billion (2021)
- Bosnia and Herzegovina — US$1.34 billion (2021)
- Bulgaria — US$6.05 billion (2021)
- Croatia — US$4.34 billion (2021)
- Cyprus
More economic policy & debt data for Montenegro
- Adjusted savings, mineral depletion (current US$) — US$651,532 (2021)
- Medium and high-tech manufacturing value added (% manufacturing value added) — 14.86% (2024)
- Adjusted savings, carbon dioxide damage (current US$) — US$105.26 million (2021)
- GDP (current US$) — US$9.23 billion (2025)
- GDP (current LCU) — 8.17 billion (2025)
- GDP, linked series (current LCU) — 8.17 billion (2025)
- GDP (constant 2015 US$) — US$5.47 billion (2025)
- GDP (constant LCU) — 4.66 billion (2025)
- GDP, PPP (current international $) — 22.07 billion (2025)
- GDP, PPP (constant 2021 international $)
Reading data like this
Questions people ask
- What is Montenegro's adjusted savings, net national savings (current US$)?
- US$303.44 million in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 151.46% from −US$589.62 million in 2007. The highest value was US$303.44 million in 2021 and the lowest −US$876 million in 2008.
- How does Montenegro rank?
- 108th highest of 132 economies with data for 2021.
- Is the latest change in adjusted savings, net national savings (current US$) unusual for Montenegro?
- In 2021, Montenegro's adjusted savings, net national savings (current US$) rose US$646.68 million on 2020 (from −US$343.24 million to US$303.44 million). Across the 13 yearly changes before that (2008 to 2020), the average change was +US$18.95 million and a typical year strayed about US$244.97 million from that (the standard deviation). This year's change was 2.6 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NY.ADJ.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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