Montenegro Current Account To Gdp

Montenegro recorded a Current Account deficit of 17.65 percent of the countrys Gross Domestic Product in 2012. From 2003 until 2012, Montenegro Current Account To Gdp averaged -21.5 Percent reaching an all time high of -7.4 Percent in December of 2003 and a record low of -44.2 Percent in December of 2007. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Montenegro Current Account To Gdp - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-17.65 -19.36 -7.40 -44.23 -15.47 | 2013/12 2003 - 2012 Percent Yearly

TO

Montenegro Current Account To Gdp
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -90362.00 2014-02-28 -60461.00 -47948.00 -158072.00 -117549.70 2014-03-31 EUR Thousand [+]
Current Account -256593.09 2013-11-15 188400.06 188400.06 -493338.85 -145352.30 2014-03-31 EUR Thousand [+]
Exports 22219.50 2014-02-15 22563.00 52965.30 11428.00 23438.92 2014-03-31 EUR Thousand [+]
Imports 112719.00 2014-02-15 83024.00 264186.90 65303.70 112985.33 2014-03-31 EUR Thousand [+]
Current Account To Gdp -17.65 2012-12-31 -19.36 -7.40 -44.23 -15.47 2013-12-31 Percent [+]
Tourist Arrivals 163.00 2014-02-15 159.00 5008.00 64.00 Hundreds [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Montenegro Inflation Rate MoM at 0.10 Percent  
The Consumer Price Index in Montenegro increased 0.10 percent in March of 2014 over the previous month. Inflation Rate Mom in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Inflation Rate at -0.90 Percent  
The inflation rate in Montenegro was recorded at -0.90 percent in March of 2014. Inflation Rate in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Current Account at -256593.09 EUR Thousand  
Montenegro recorded a Current Account deficit of 256593.09 EUR Thousand in the fourth quarter of 2013. Current Account in Montenegro is reported by the Central Bank of Montenegro.
Montenegro Exports at 22219.50 EUR Thousand  
Exports in Montenegro decreased to 22219.50 EUR Thousand in February of 2014 from 22563 EUR Thousand in January of 2014. Exports in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Imports at 112719.00 EUR Thousand  
Imports in Montenegro increased to 112719 EUR Thousand in February of 2014 from 83024 EUR Thousand in January of 2014. Imports in Montenegro is reported by the Central Bank of Montenegro.
Montenegro Unemployment Rate at 14.94 Percent  
Unemployment Rate in Montenegro remained unchanged at 14.94 percent in March of 2014 from 14.94 percent in February of 2014. Unemployment Rate in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Changes in Inventories at 30907.00 EUR THO  
Changes in Inventories in Montenegro increased to 30907 EUR THO in 2012 from -8091 EUR THO in 2011. Changes in Inventories in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Consumer Price Index (CPI) at 99.40 Index Points  
Consumer Price Index (CPI) in Montenegro decreased to 99.40 Index Points in February of 2014 from 99.60 Index Points in January of 2014. Consumer Price Index (CPI) in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Consumer Spending at 2631969.00 EUR THO  
Consumer Spending in Montenegro decreased to 2631969 EUR THO in 2012 from 2667366 EUR THO in 2011. Consumer Spending in Montenegro is reported by the Statistical Office of Montenegro.
Montenegro Employed Persons at 168805.00  
The number of employed persons in Montenegro increased to 168805 in February of 2014 from 167616 in January of 2014. Employed Persons in Montenegro is reported by the Statistical Office of Montenegro.
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