Montenegro: PPG, bonds (NFL, current US$)

Key figures

What the numbers say

In 2024, Montenegro's PPG, bonds (NFL, current US$) rose US$750 million on 2023 (from US$0 to US$750 million).

Across the 11 yearly changes before that (2011 to 2023), the average change was −US$11.21 million and a typical year strayed about US$292.87 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$750 million in 2024 and the biggest yearly fall was US$758.71 million in 2021. 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 18th highest value of the 59 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 2024 ranking

• Serbia — 15th of 59: US$1.13 billion
• Senegal — 16th of 59: US$927.41 million
• Paraguay — 17th of 59: US$857.42 million
• Mongolia — 19th of 59: US$651.7 million
• Honduras — 20th of 59: US$533.33 million
• Benin — 21st of 59: US$515.57 million

What this measures

Public and publicly guaranteed debt from bonds that are either publicly issued or privately placed. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 14 values

PPG, bonds (NFL, current US$) in nearby economies

• Albania — US$585.57 million (2023)
• Armenia — US$0 (2024)
• Belarus — US$0 (2024)
• Bosnia and Herzegovina — US$0 (2024)
• Bulgaria — US$1.02 billion (2022)
• Georgia — US$0 (2024)
• Kazakhstan — −US$462.63 million (2024)
• North Macedonia — US$0 (2024)
• Russian Federation — −US$28.92 billion (2022)
• Serbia — US$1.13 billion (2024)
• Türkiye — US$8.04 billion (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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Montenegro's PPG, bonds (NFL, current US$)?

US$750 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is up 182.61% from US$265.38 million in 2010 (7.7% a year on average, compounded). The highest value was US$750 million in 2024 and the lowest −US$269.13 million in 2021.

How does Montenegro rank?

18th highest of 59 economies with data for 2024.

Is the latest change in PPG, bonds (NFL, current US$) unusual for Montenegro?

In 2024, Montenegro's PPG, bonds (NFL, current US$) rose US$750 million on 2023 (from US$0 to US$750 million). Across the 11 yearly changes before that (2011 to 2023), the average change was −US$11.21 million and a typical year strayed about US$292.87 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 DT.NFL.PBND.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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.