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Prices & public finance · Europe & Central Asia · Upper-middle income
Montenegro: prices, money and public finance
Inflation is 3.9% (2025), 61st of 180 in the world and 18th of 49 in Europe & Central Asia. GDP deflator is 4.0% (2025), 82nd of 209 in the world and 22nd of 56 in Europe & Central Asia. Lending rate is 6.3% (2025), 93rd of 136 in the world and 16th of 24 in Europe & Central Asia.
Inflation
MontenegroEurope & Central AsiaUpper-middle incomeWorld
GDP deflator
MontenegroEurope & Central AsiaUpper-middle incomeWorld
10 indicators
Prices & public finance: Montenegro in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 3.9%2025 | 61/180 | 18/49 | · | 0.7% | -0.3% | +2.4 ppsince 2015 | 3.7% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 4.0%2025 | 82/209 | 22/56 | 32.9% | 1.8% | -0.5% | +1.7 ppsince 2015 | 3.6% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 6.3%2025 | 93/136 | 16/24 | · | 9.5% | 5.9% | −2.6 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 2.2%2025 | 99/136 | 15/24 | · | 7.6% | 6.4% | −4.3 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 0.892025 | 176/210 | 30/57 | 1.08 | 0.75 | 0.88 | −1.6%since 2015 | — | — | — | |
| External debtExternal debt stocks, % of GNI | 108.6%2024 | 10/119 | 1/20 | · | 109.5% | 217.2% | −36.6 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 45.3%2024 | 79/169 | 31/48 | 8.1%2002 | 66.6% | 60.6% | −6.9 ppsince 2014 | 82.1% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 58.4%2025 | 79/146 | 16/28 | 11.3%2002 | 48.2% | 59.9% | +1.3 ppsince 2015 | — | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 3.92025 | 96/165 | 24/49 | · | 2.4 | 8.1 | +28%since 2015 | 6.3 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.89%2025 | 70/156 | 31/47 | · | 1.82% | 1.76% | +0.5 ppsince 2015 | 2.83% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- External debt−36.6 pp108.6% in 2024
- Reserves, months of imports+28%3.9 in 2025
Worse than ten years ago
- Inflation+2.4 pp3.9% in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Montenegro and its neighbours
Countries sharing a land border with Montenegro. Latest values since 2005; the highest in each row is marked.
| Indicator | Montenegro | Serbia | Croatia | Bosnia and Herzegovina | Albania | Kosovo |
|---|---|---|---|---|---|---|
| Inflation | 3.9%2025 | 3.9%2025 | 3.7%2025 | 4.0%2025 | 2.1%2025 | 3.9%2025 |
| GDP deflator | 4.0%2025 | 4.5%2025 | 4.7%2025 | 3.0%2025 | 1.4%2025 | 2.8%2025 |
| Lending rate | 6.3%2025 | 4.8%2010 | 8.6%2014 | 4.1%2025 | 6.4%2024 | 6.7%2018 |
| Real interest rate | 2.2%2025 | -0.2%2010 | 8.4%2014 | 1.1%2025 | 4.0%2024 | 5.1%2018 |
| Exchange rate | 0.892025 | 103.982025 | 0.882025 | 1.742025 | 86.802025 | 0.892025 |
| External debt | 108.6%2024 | 62.2%2024 | — | 49.2%2024 | 39.7%2024 | 38.6%2024 |
| Private credit | 45.3%2024 | 35.4%2025 | 46.9%2024 | 50.5%2025 | 36.4%2025 | 65.6%2025 |
| Broad money | 58.4%2025 | 53.0%2024 | — | 72.8%2024 | 70.9%2024 | 59.6%2024 |
| Reserves, months of imports | 3.92025 | 6.22025 | 0.82025 | 6.52024 | 7.22025 | 1.82025 |