Montenegro Current Account to Gdp
Montenegro recorded a Current Account deficit of 17.65 percent of the country's Gross Domestic Product in 2012. Current Account To Gdp in Montenegro averaged -21.50 Percent from 2003 until 2012, reaching an all time high of -7.40 Percent in 2003 and a record low of -44.23 Percent in 2007. Current Account To Gdp in Montenegro is reported by the Central Bank of Montenegro.
||2003 - 2012
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.