Montenegro: Short-term debt (% of total external debt)

Key figures

What the numbers say

In 2024, Montenegro's short-term debt (% of total external debt) rose 0.72 percentage points on 2023 (from 1.97% to 2.69%).

Across the 17 yearly changes before that (2007 to 2023), the average change was +0.12 percentage points and a typical year strayed about 14.64 percentage points from that (the standard deviation). This year's change was 0.0 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 31.17 percentage points in 2007 and the biggest yearly fall was 47.09 percentage points 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 7% 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 89th 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.

Closest to Montenegro in the 2024 ranking

• Gambia, The — 86th of 118: 3.75%
• Maldives — 87th of 118: 3.41%
• Togo — 88th of 118: 3.4%
• Uganda — 90th of 118: 2.53%
• São Tomé and Principe — 91st of 118: 2.44%
• Gabon — 92nd of 118: 2.23%

What this measures

Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.

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

All 19 values

Short-term debt (% of total external debt) in nearby economies

• Albania — 11.58% (2024)
• Armenia — 21.34% (2024)
• Azerbaijan — 1.79% (2024)
• Belarus — 29.02% (2024)
• Bosnia and Herzegovina — 22.13% (2024)
• Bulgaria — 21.16% (2022)
• Georgia — 18.8% (2024)
• Kazakhstan — 11.7% (2024)
• Kosovo — 35.58% (2024)
• Kyrgyz Republic — 13.67% (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
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Montenegro's short-term debt (% of total external debt)?

2.69% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 2.69 percentage points from 0% in 2006. The highest value was 51.22% in 2009 and the lowest 0% in 2006.

How does Montenegro rank?

89th highest of 118 economies with data for 2024.

Is the latest change in short-term debt (% of total external debt) unusual for Montenegro?

In 2024, Montenegro's short-term debt (% of total external debt) rose 0.72 percentage points on 2023 (from 1.97% to 2.69%). Across the 17 yearly changes before that (2007 to 2023), the average change was +0.12 percentage points and a typical year strayed about 14.64 percentage points from that (the standard deviation). This year's change was 0.0 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.DOD.DSTC.ZS, 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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