Montenegro's gross fixed capital formation (% of GDP) was 22.33% in 2025, the latest year in the World Bank's World Development Indicators. That is up 1.62 percentage points from 20.71% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 22.33% | 2025 |
| Five years earlier | 28.2% | 2020 |
| Ten years earlier | 20.71% | 2015 |
| Highest | 39.02% | 2008 |
| Lowest | 13.3% | 2003 |
| Average since 2016 | 24.55% | 2016–2025 |
| First recorded | 16.87% | 2000 |
What the numbers say
In 2025, Montenegro's gross fixed capital formation (% of GDP) rose 1.27 percentage points on 2024 (from 21.06% to 22.33%).
Across the 24 yearly changes before that (2001 to 2024), the average change was +0.17 percentage points and a typical year strayed about 4.33 percentage points from that (the standard deviation). This year's change was 0.3 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 10.02 percentage points in 2007 and the biggest yearly fall was 11.78 percentage points in 2009. 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 0.83 percentage points a year. A straight line explains 54% 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 61st highest value of the 126 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 | 22.33% | 2025 |
| World | 25.62% | 2024 |
| Europe & Central Asia | 21.91% | 2025 |
| Upper middle income | 32.65% | 2024 |
Closest to Montenegro in the 2025 ranking
- Philippines — 58th of 126: 22.74%
- Thailand — 59th of 126: 22.66%
- Mexico — 60th of 126: 22.41%
- Guinea-Bissau — 62nd of 126: 22.29%
- Ireland — 63rd of 126: 22.24%
- Singapore — 64th of 126: 22.08%
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 26 values
| Year | Gross fixed capital formation (% of GDP) |
|---|---|
| 2025 | 22.33 |
| 2024 | 21.06 |
| 2023 | 20.44 |
| 2022 | 21.75 |
| 2021 | 22.24 |
| 2020 | 28.2 |
| 2019 | 27.6 |
| 2018 | 29.77 |
| 2017 | 27.22 |
| 2016 | 24.93 |
| 2015 |
Gross fixed capital formation (% of GDP) in nearby economies
- Albania — 24.27% (2025)
- Armenia — 21.42% (2025)
- Austria — 23.53% (2025)
- Azerbaijan — 16.29% (2025)
- Belarus — 25.08% (2025)
- Belgium — 23.89% (2025)
- Bosnia and Herzegovina — 24.37% (2024)
- Bulgaria — 20.13% (2025)
- Croatia — 25.73% (2025)
- Cyprus — 20.03% (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 gross fixed capital formation (% of GDP)?
- 22.33% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 5.46 percentage points from 16.87% in 2000. The highest value was 39.02% in 2008 and the lowest 13.3% in 2003.
- How does Montenegro rank?
- 61st highest of 126 economies with data for 2025.
- Is the latest change in gross fixed capital formation (% of GDP) unusual for Montenegro?
- In 2025, Montenegro's gross fixed capital formation (% of GDP) rose 1.27 percentage points on 2024 (from 21.06% to 22.33%). Across the 24 yearly changes before that (2001 to 2024), the average change was +0.17 percentage points and a typical year strayed about 4.33 percentage points from that (the standard deviation). This year's change was 0.3 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 NE.GDI.FTOT.ZS, 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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