Montenegro's external balance on goods and services (current US$) was −US$2.37 billion in 2025, the latest year in the World Bank's World Development Indicators. That is down 216.26% from −US$748.77 million in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$2.37 billion | 2025 |
| Five years earlier | −US$1.67 billion | 2020 |
| Ten years earlier | −US$748.77 million | 2015 |
| Highest | −US$140.71 million | 2000 |
| Lowest | −US$2.43 billion | 2008 |
| Average since 2016 | −US$1.45 billion | 2016–2025 |
| First recorded | −US$140.71 million |
What the numbers say
In 2025, Montenegro's external balance on goods and services (current US$) fell US$510.5 million on 2024 (from −US$1.86 billion to −US$2.37 billion).
Across the 24 yearly changes before that (2001 to 2024), the average change was −US$71.54 million and a typical year strayed about US$401.84 million from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$1.15 billion in 2009 and the biggest yearly fall was US$857.64 million 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 2016 to 2025 the straight-line trend is downward, about US$110.02 million a year. A straight line explains 64% 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 2025, Montenegro had the 93rd highest value of the 137 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 2025 ranking
- Latvia — 90th of 137: −US$2.23 billion
- Senegal — 91st of 137: −US$2.25 billion
- Madagascar — 92nd of 137: −US$2.27 billion
- North Macedonia — 94th of 137: −US$2.63 billion
- Namibia — 95th of 137: −US$2.9 billion
- Nicaragua — 96th of 137: −US$2.95 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 26 values
| Year | External balance on goods and services (current US$) |
|---|---|
| 2025 | -2,368,068,155 |
| 2024 | -1,857,573,134 |
| 2023 | -1,402,443,687 |
| 2022 | -1,425,091,670 |
| 2021 | -1,134,332,523 |
| 2020 | -1,673,859,043 |
| 2019 | -1,171,765,052 |
| 2018 | -1,313,910,738 |
| 2017 | -1,138,979,808 |
| 2016 | -983,565,880 |
External balance on goods and services (current US$) in nearby economies
- Albania — −US$1.68 billion (2025)
- Armenia — −US$1.61 billion (2025)
- Austria — US$13.81 billion (2025)
- Azerbaijan — US$4.72 billion (2025)
- Belarus — −US$1.82 billion (2025)
- Belgium — −US$14.64 billion (2025)
- Bosnia and Herzegovina — −US$4.28 billion (2025)
- Bulgaria — −US$1.36 billion (2025)
- Croatia — −US$5.3 billion (2025)
More economic policy & debt data for Montenegro
- Adjusted savings, mineral depletion (current US$) — 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 $)
Reading data like this
Questions people ask
- What is Montenegro's external balance on goods and services (current US$)?
- −US$2.37 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 1,583% from −US$140.71 million in 2000. The highest value was −US$140.71 million in 2000 and the lowest −US$2.43 billion in 2008.
- How does Montenegro rank?
- 93rd highest of 137 economies with data for 2025.
- Is the latest change in external balance on goods and services (current US$) unusual for Montenegro?
- In 2025, Montenegro's external balance on goods and services (current US$) fell US$510.5 million on 2024 (from −US$1.86 billion to −US$2.37 billion). Across the 24 yearly changes before that (2001 to 2024), the average change was −US$71.54 million and a typical year strayed about US$401.84 million from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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