Montenegro's external debt stocks, short-term (DOD, current US$) was US$235.21 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 16.94% from US$283.18 million in 2014 (1.84% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$235.21 million | 2024 |
| Five years earlier | US$283.45 million | 2019 |
| Ten years earlier | US$283.18 million | 2014 |
| Highest | US$1.21 billion | 2009 |
| Lowest | US$0 | 2006 |
| Average since 2015 | US$265.66 million | 2015–2024 |
| First recorded | US$0 |
What the numbers say
In 2024, Montenegro's external debt stocks, short-term (DOD, current US$) rose US$64.47 million on 2023 (from US$170.74 million to US$235.21 million).
Across the 17 yearly changes before that (2007 to 2023), the average change was +US$10.04 million and a typical year strayed about US$339.59 million 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 US$605 million in 2009 and the biggest yearly fall was US$1.02 billion in 2010. 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 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 78th highest value of the 118 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$235.21 million | 2024 |
| Upper middle income | US$1.99 trillion | 2024 |
Closest to Montenegro in the 2024 ranking
- Cabo Verde — 75th of 118: US$388.09 million
- Guinea — 76th of 118: US$377.76 million
- Ethiopia — 77th of 118: US$351.67 million
- Azerbaijan — 79th of 118: US$218.43 million
- Mauritania — 80th of 118: US$213.34 million
- Sierra Leone — 81st of 118: US$173.9 million
What this measures
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 19 values
| Year | External debt stocks, short-term (DOD, current US$) |
|---|---|
| 2024 | 235,211,000 |
| 2023 | 170,740,000 |
| 2022 | 211,563,000 |
| 2021 | 463,720,000 |
| 2020 | 411,103,000 |
| 2019 | 283,447,000 |
| 2018 | 215,645,000 |
| 2017 | 247,414,000 |
| 2016 | 174,230,000 |
| 2015 | 243,539,000 |
External debt stocks, short-term (DOD, current US$) in nearby economies
- Albania — US$1.24 billion (2024)
- Armenia — US$3.5 billion (2024)
- Azerbaijan — US$218.43 million (2024)
- Belarus — US$9.93 billion (2024)
- Bosnia and Herzegovina — US$3.07 billion (2024)
- Bulgaria — US$9.99 billion (2022)
- Georgia — US$4.73 billion (2024)
- Kazakhstan — US$19.59 billion (2024)
- Kosovo — US$1.56 billion (2024)
- Kyrgyz Republic
More economic policy & debt data for Montenegro
- Adjusted savings, mineral depletion (current US$) — 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 $)
Reading data like this
Questions people ask
- What is Montenegro's external debt stocks, short-term (DOD, current US$)?
- US$235.21 million in 2024, according to the World Bank (World Development Indicators).
- How does Montenegro rank?
- 78th highest of 118 economies with data for 2024.
- Is the latest change in external debt stocks, short-term (DOD, current US$) unusual for Montenegro?
- In 2024, Montenegro's external debt stocks, short-term (DOD, current US$) rose US$64.47 million on 2023 (from US$170.74 million to US$235.21 million). Across the 17 yearly changes before that (2007 to 2023), the average change was +US$10.04 million and a typical year strayed about US$339.59 million 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.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB).
Source
World Bank, World Development Indicators, indicator DT.DOD.DSTC.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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