Montenegro Current Account to GDP  2003-2016 | Data | Chart | Calendar

Montenegro is expected to record a current account deficit equivalent to 12.9 percent of GDP in 2015, according to European Commission's Winter 2016 Economic Forecast. Current Account to GDP in Montenegro averaged -19.68 percent from 2003 until 2015, reaching an all time high of -7.40 percent in 2003 and a record low of -44.23 percent in 2007.

Montenegro Current Account to GDP
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Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -138195.00 -142738.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 29681.20 28924.60 52965.00 11428.00 EUR Thousand [+]
Imports 167876.00 171663.00 264187.00 65304.00 EUR Thousand [+]
Current Account 244057.90 -374902.74 284182.55 -493338.85 EUR Thousand [+]
Current Account to GDP -12.90 -17.65 -7.40 -44.23 percent [+]
Capital Flows -196732.75 117353.84 542738.38 -210291.59 EUR Thousand [+]
Tourist Arrivals 626.00 2505.00 5833.00 64.00 Hundreds [+]
Terrorism Index 0.15 0.66 1.45 0.00 [+]
Foreign Direct Investment 757435.19 498084.31 1223999.76 479191.48 EUR Thousand [+]



Montenegro Current Account to GDP Notes

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. Montenegro Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-12.90 -17.65 -7.40 -44.23 2003 - 2015 percent Yearly



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