Montenegro's debt service on external debt, total (TDS, current US$) was US$1.24 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 83.23% from US$674.51 million in 2014 (6.24% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.24 billion | 2024 |
| Five years earlier | US$708.92 million | 2019 |
| Ten years earlier | US$674.51 million | 2014 |
| Highest | US$1.24 billion | 2024 |
| Lowest | US$42.32 million | 2006 |
| Average since 2015 | US$828.96 million | 2015–2024 |
| First recorded | US$42.32 million |
What the numbers say
In 2024, Montenegro's debt service on external debt, total (TDS, current US$) rose 53% on 2023 (from US$807.76 million to US$1.24 billion).
Across the 17 yearly changes before that (2007 to 2023), the average change was +38.7% and a typical year strayed about 88.6% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 298.7% in 2007 and the biggest yearly fall was 58.2% in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$41.47 million a year. A straight line explains 32% 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 2024, Montenegro had the 63rd highest value of the 120 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.
| Value | Year | |
|---|---|---|
| Montenegro | US$1.24 billion | 2024 |
| Upper middle income | US$967.38 billion | 2024 |
Closest to Montenegro in the 2024 ranking
What this measures
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 19 values
| Year | Debt service on external debt, total (TDS, current US$) |
|---|---|
| 2024 | 1,235,869,351 |
| 2023 | 807,756,834 |
| 2022 | 835,929,064 |
| 2021 | 1,104,674,384 |
| 2020 | 708,286,081 |
| 2019 | 708,924,929 |
| 2018 | 885,480,154 |
| 2017 | 421,729,133 |
| 2016 | 782,966,787 |
| 2015 | 798,010,843 |
Debt service on external debt, total (TDS, current US$) in nearby economies
- Albania — US$871.91 million (2024)
- Armenia — US$1.82 billion (2024)
- Azerbaijan — US$4.18 billion (2024)
- Belarus — US$5.34 billion (2024)
- Bosnia and Herzegovina — US$1.46 billion (2024)
- Bulgaria — US$7.32 billion (2024)
- Georgia — US$4.81 billion (2024)
- Kazakhstan — US$46.33 billion (2024)
- Kosovo — US$376.95 million (2024)
More economic policy & debt data for Montenegro
- Adjusted savings, mineral depletion (current US$) — 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 $)
Reading data like this
Questions people ask
- What is Montenegro's debt service on external debt, total (TDS, current US$)?
- US$1.24 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 2,820% from US$42.32 million in 2006 (20.62% a year on average, compounded). The highest value was US$1.24 billion in 2024 and the lowest US$42.32 million in 2006.
- How does Montenegro rank?
- 63rd highest of 120 economies with data for 2024.
- Is the latest change in debt service on external debt, total (TDS, current US$) unusual for Montenegro?
- In 2024, Montenegro's debt service on external debt, total (TDS, current US$) rose 53% on 2023 (from US$807.76 million to US$1.24 billion). Across the 17 yearly changes before that (2007 to 2023), the average change was +38.7% and a typical year strayed about 88.6% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.TDS.DECT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, 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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