Montenegro: Public and publicly guaranteed debt service (% of GNI)

Key figures

What the numbers say

In 2024, Montenegro's public and publicly guaranteed debt service (% of GNI) rose 0.61 percentage points on 2023 (from 4.92% to 5.53%).

Across the 17 yearly changes before that (2007 to 2023), the average change was +0.2 percentage points and a typical year strayed about 3.23 percentage points from that (the standard deviation). This year's change was 0.1 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 6.64 percentage points in 2018 and the biggest yearly fall was 4.58 percentage points in 2017. 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 downward, about 0.6 percentage points a year. A straight line explains 35% 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 13th highest value of the 117 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

• Senegal — 9th of 117: 6.27%
• Mauritius — 10th of 117: 6.23%
• Tonga — 11th of 117: 6.19%
• Lao PDR — 13th of 117: 5.31%
• Côte d'Ivoire — 14th of 117: 5.22%
• Jamaica — 15th of 117: 5.18%

What this measures

Public and publicly guaranteed debt service to gross national income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

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

All 19 values

Public and publicly guaranteed debt service (% of GNI) in nearby economies

• Albania — 1.88% (2024)
• Armenia — 2.27% (2024)
• Azerbaijan — 4.6% (2024)
• Belarus — 4.63% (2024)
• Bosnia and Herzegovina — 1.91% (2024)
• Bulgaria — 2.09% (2024)
• Georgia — 2.56% (2024)
• Kazakhstan — 2.07% (2024)
• Kosovo — 0.43% (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

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Questions people ask

What is Montenegro's public and publicly guaranteed debt service (% of GNI)?

5.53% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 4.08 percentage points from 1.45% in 2006. The highest value was 13% in 2020 and the lowest 1.13% in 2008.

How does Montenegro rank?

13th highest of 117 economies with data for 2024.

Is the latest change in public and publicly guaranteed debt service (% of GNI) unusual for Montenegro?

In 2024, Montenegro's public and publicly guaranteed debt service (% of GNI) rose 0.61 percentage points on 2023 (from 4.92% to 5.53%). Across the 17 yearly changes before that (2007 to 2023), the average change was +0.2 percentage points and a typical year strayed about 3.23 percentage points from that (the standard deviation). This year's change was 0.1 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.DPPG.GN.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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