Montenegro Private Consumption: % of GDP

2006 - 2025 | Quarterly | % | CEIC Data

Key information about Montenegro Private Consumption: % of GDP

  • Montenegro Private Consumption accounted for 65.1 % of its Nominal GDP in Sep 2025, compared with a ratio of 83.0 % in the previous quarter.
  • Montenegro Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 2006 to Sep 2025, with an average share of 85.6 %.
  • The data reached an all-time high of 118.3 % in Mar 2008 and a record low of 48.3 % in Sep 2019.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. The Statistical Office of Montenegro provides Private Consumption Expenditure in EUR and Nominal GDP in EUR.


Related information about Montenegro Private Consumption: % of GDP

  • In the latest reports, Montenegro GDP expanded 3.1 % YoY in Sep 2025.
  • Its Nominal GDP reached 2.3 USD bn in Jun 2025.
  • Montenegro GDP Per Capita reached 13,260.1 USD in Dec 2024.
  • Its Gross Savings Rate was measured at 20.2 % in Sep 2025.

View Montenegro's Private Consumption: % of GDP from Mar 2006 to Sep 2025 in the chart:

Montenegro Private Consumption: % of GDP

What was Montenegro's Private Consumption: % of GDP in Sep 2025?

Montenegro Private Consumption accounted for 65.1 % of its Nominal GDP in Sep 2025, compared with a ratio of 83.0 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
65.1 Sep 2025 83.0 Jun 2025 48.3 Sep 2019 118.3 Mar 2008 % quarterly Mar 2006 - Sep 2025

Private Consumption: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 70.4 Jun 2025 quarterly Mar 1995 - Jun 2025
Algeria (%) 41.3 2024 yearly 1950 - 2024
Argentina (%) 72.4 Jun 2025 quarterly Mar 1993 - Jun 2025
Armenia (%) 68.6 Sep 2025 quarterly Dec 1994 - Sep 2025
Australia (%) 52.4 Sep 2025 quarterly Sep 1959 - Sep 2025
Austria (%) 53.1 Sep 2025 quarterly Mar 1988 - Sep 2025
Azerbaijan (%) 57.9 Jun 2025 quarterly Mar 2001 - Jun 2025
Bahrain (%) 39.9 2024 yearly 1975 - 2024
Bangladesh (%) 71.0 2025 yearly 1973 - 2025
Belarus (%) 55.6 Jun 2025 quarterly Mar 1994 - Jun 2025
Belgium (%) 54.1 Sep 2025 quarterly Mar 1980 - Sep 2025
Bolivia (%) 79.6 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) 73.2 Mar 2025 quarterly Mar 2008 - Mar 2025
Botswana (%) 44.4 Jun 2025 quarterly Mar 2006 - Jun 2025
Brazil (%) 63.4 Sep 2025 quarterly Mar 1996 - Sep 2025
Brunei (%) 24.0 Jun 2025 quarterly Mar 2004 - Jun 2025
Bulgaria (%) 56.7 Jun 2025 quarterly Mar 1995 - Jun 2025
Cambodia (%) 60.8 2022 yearly 1993 - 2022
Canada (%) 54.5 Sep 2025 quarterly Mar 1961 - Sep 2025
Chile (%) 58.5 Sep 2025 quarterly Mar 1996 - Sep 2025
China (%) 39.9 2024 yearly 1952 - 2024
Colombia (%) 72.4 Sep 2025 quarterly Mar 2005 - Sep 2025
Croatia (%) 48.8 Sep 2025 quarterly Mar 1995 - Sep 2025
Cyprus (%) 54.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Czech Republic (%) 46.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Denmark (%) 42.8 Sep 2025 quarterly Mar 1990 - Sep 2025
Ecuador (%) 64.1 Jun 2025 quarterly Mar 1991 - Jun 2025
Egypt (%) 92.1 Jun 2025 quarterly Sep 2001 - Jun 2025
Estonia (%) 52.0 Sep 2025 quarterly Mar 1993 - Sep 2025
European Union (%) 52.8 Sep 2025 quarterly Mar 1995 - Sep 2025
Finland (%) 51.6 Sep 2025 quarterly Mar 1975 - Sep 2025
France (%) 54.3 Sep 2025 quarterly Mar 1980 - Sep 2025
Georgia (%) 70.7 Jun 2025 quarterly Mar 1996 - Jun 2025
Germany (%) 53.4 Sep 2025 quarterly Mar 1991 - Sep 2025
Ghana (%) 84.6 2024 yearly 2006 - 2024
Greece (%) 70.6 Jun 2025 quarterly Mar 1995 - Jun 2025
Hong Kong SAR, China (%) 63.4 Sep 2025 quarterly Mar 1973 - Sep 2025
Hungary (%) 53.0 Jun 2025 quarterly Mar 1995 - Jun 2025
Iceland (%) 45.9 Sep 2025 quarterly Mar 1995 - Sep 2025
India (%) 62.5 Sep 2025 quarterly Jun 1996 - Sep 2025
Indonesia (%) 54.4 Sep 2025 quarterly Mar 1993 - Sep 2025
Iran (%) 55.2 Jun 2025 quarterly Jun 1988 - Jun 2025
Ireland (%) 26.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Israel (%) 50.8 Sep 2025 quarterly Mar 1995 - Sep 2025
Italy (%) 58.7 Sep 2025 quarterly Mar 1980 - Sep 2025
Ivory Coast (%) 67.4 2024 yearly 1960 - 2024
Japan (%) 54.0 Sep 2025 quarterly Mar 1980 - Sep 2025
Jordan (%) 73.6 2023 yearly 1962 - 2023
Kazakhstan (%) 54.6 Jun 2025 quarterly Mar 1994 - Jun 2025
Kenya (%) 76.9 2024 yearly 1969 - 2024
South Korea (%) 48.2 Sep 2025 quarterly Mar 1960 - Sep 2025
Kosovo (%) 88.2 Jun 2025 quarterly Mar 2010 - Jun 2025
Kuwait (%) 38.3 2023 yearly 1962 - 2023
Kyrgyzstan (%) 100.9 Jun 2025 quarterly Mar 2000 - Jun 2025
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 58.1 Sep 2025 quarterly Mar 1995 - Sep 2025
Lebanon (%) 110.1 2023 yearly 2005 - 2023
Lithuania (%) 53.3 Sep 2025 quarterly Mar 1993 - Sep 2025
Luxembourg (%) 33.8 Jun 2025 quarterly Mar 1995 - Jun 2025
Macau SAR, China (%) 29.9 Sep 2025 quarterly Mar 1998 - Sep 2025
North Macedonia (%) 68.5 Jun 2025 quarterly Mar 2000 - Jun 2025
Malawi (%) 79.2 2019 yearly 1960 - 2019
Malaysia (%) 63.2 Sep 2025 quarterly Mar 1991 - Sep 2025
Malta (%) 45.0 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (%) 67.4 Jun 2025 quarterly Mar 1999 - Jun 2025
Mexico (%) 69.8 Jun 2025 quarterly Mar 1993 - Jun 2025
Moldova (%) 83.0 Jun 2025 quarterly Mar 1995 - Jun 2025
Mongolia (%) 53.8 Sep 2025 quarterly Mar 2010 - Sep 2025
Montenegro (%) 65.1 Sep 2025 quarterly Mar 2006 - Sep 2025
Morocco (%) 59.3 Jun 2025 quarterly Mar 2007 - Jun 2025
Mozambique (%) 73.9 2024 yearly 1969 - 2024
Nepal (%) 86.2 2025 yearly 1975 - 2025
Netherlands (%) 44.5 Sep 2025 quarterly Mar 1977 - Sep 2025
New Zealand (%) 56.6 Jun 2025 quarterly Jun 1987 - Jun 2025
Nigeria (%) 47.0 2024 yearly 1981 - 2024
Norway (%) 43.0 Sep 2025 quarterly Mar 1978 - Sep 2025
Oman (%) 39.1 2024 yearly 1980 - 2024
Pakistan (%) 83.4 2025 yearly 1967 - 2025
Palestinian Territory (%) 92.0 Jun 2025 quarterly Mar 2011 - Jun 2025
Panama (%) 50.4 2022 yearly 1996 - 2022
Paraguay (%) 66.6 Jun 2025 quarterly Mar 1994 - Jun 2025
Peru (%) 59.3 Sep 2025 quarterly Mar 1980 - Sep 2025
Philippines (%) 79.1 Sep 2025 quarterly Mar 1981 - Sep 2025
Poland (%) 59.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Portugal (%) 57.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Qatar (%) 20.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 58.2 Sep 2025 quarterly Mar 1995 - Sep 2025
Russia (%) 53.8 Jun 2025 quarterly Mar 1993 - Jun 2025
Saudi Arabia (%) 48.1 Jun 2025 quarterly Mar 2003 - Jun 2025
Serbia (%) 66.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Singapore (%) 31.5 2024 yearly 1960 - 2024
Slovakia (%) 58.5 Jun 2025 quarterly Mar 1993 - Jun 2025
Slovenia (%) 51.1 Sep 2025 quarterly Mar 1995 - Sep 2025
South Africa (%) 64.9 Sep 2025 quarterly Mar 1960 - Sep 2025
Spain (%) 55.8 Sep 2025 quarterly Mar 1980 - Sep 2025
Sri Lanka (%) 65.4 Jun 2025 quarterly Mar 2010 - Jun 2025
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 47.1 Sep 2025 quarterly Mar 1980 - Sep 2025
Switzerland (%) 49.8 Sep 2025 quarterly Mar 1980 - Sep 2025
Syria (%) 114.8 2022 yearly 1970 - 2022

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.1 Sep 2025 quarterly Dec 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) -36.609 Oct 2025 monthly Jan 2012 - Oct 2025
Tax Revenue (USD mn) 225.489 Oct 2025 monthly Jan 2012 - Oct 2025
Tax Revenue: % of GDP (%) 24.2 Sep 2025 quarterly Mar 2012 - Sep 2025
National Government Debt (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
Government Debt: % of GDP (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (EUR bn) 4.812 2030 yearly 2002 - 2030
Forecast: Government Net Debt (EUR bn) 6.956 2030 yearly 2002 - 2030
Forecast: Government Revenue (EUR bn) 4.350 2030 yearly 2002 - 2030
Gross General Government Debt (EUR mn) 4,705.330 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government External Debt (EUR mn) 4,417.700 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt: Domestic (EUR mn) 287.630 Sep 2025 monthly Dec 2010 - Sep 2025
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 2,068,456.780 Jan 2025 monthly Jan 2012 - Jan 2025
General Government Revenue: Consolidated (EUR) 156,245,213.220 Jan 2025 monthly Jan 2012 - Jan 2025
General Govt Expenditure: Cons: ow Current (EUR) 154,050,948.920 Jan 2025 monthly Jan 2012 - Jan 2025
General Govt Revenue: Cons: Taxes: Excises (EUR) 23,651,764.850 Jan 2025 monthly Jan 2012 - Jan 2025
General Govt Expenditure: Consolidated (EUR) 154,176,756.440 Jan 2025 monthly Jan 2012 - Jan 2025
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 96,606,704.820 Jan 2025 monthly Jan 2012 - Jan 2025
General Govt Revenue: Cons: Taxes (EUR) 132,702,629.510 Jan 2025 monthly Jan 2012 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -408.7 Oct 2025 monthly Jan 2005 - Oct 2025
Total Exports (USD mn) 50.8 Oct 2025 monthly Jan 2005 - Oct 2025
Total Exports Growth (%) -6.5 Oct 2025 monthly Jan 2006 - Oct 2025
Aluminum: Exports (USD th) 41,867.902 2024 yearly 2008 - 2024
Exports: Medicament (USD th) 41,859.324 2024 yearly 2008 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 95.438 2024 yearly 2008 - 2024
Total Imports (USD mn) 459.6 Oct 2025 monthly Jan 2005 - Oct 2025
Total Imports Growth (%) 9.9 Oct 2025 monthly Jan 2006 - Oct 2025
Imports: Medicament (USD th) 161,040.012 2024 yearly 2008 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 69,267.944 2024 yearly 2008 - 2024
Total Exports to USA (USD mn) 0.269 Oct 2025 monthly Jan 2010 - Oct 2025
Total Imports from USA (USD mn) 4.932 Oct 2025 monthly Jan 2006 - Oct 2025
Total Exports to China (USD mn) 0.137 Oct 2025 monthly Jan 2010 - Oct 2025
Total Imports from China (USD mn) 59.929 Oct 2025 monthly Jan 2006 - Oct 2025
Exports: Europe: CEFTA: Serbia (EUR th) 12,962.596 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Europe: EU-28: Slovenia (EUR th) 2,704.318 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,719.045 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Food & Live Animals (EUR th) 5,548.692 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Manufactured Goods (EUR th) 3,662.612 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Machinery & Transport Equipment (EUR th) 3,108.579 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Crude Materials: excl Fuels (EUR th) 7,978.203 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Europe: EU-28: Greece (EUR th) 19,716.042 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Europe: CEFTA: Serbia (EUR th) 66,438.187 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 44,482.675 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Manufactured Goods (EUR th) 62,545.595 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Food & Live Animals (EUR th) 65,888.354 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Machinery & Transport Equipment (EUR th) 109,137.862 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Miscellaneous Manufactured Goods (EUR th) 55,254.348 Oct 2025 monthly Mar 2009 - Oct 2025
Imports (EUR th) 394,783.476 Oct 2025 monthly Jan 2005 - Oct 2025
Exports (EUR th) 43,675.332 Oct 2025 monthly Jan 2005 - Oct 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 16.5 Sep 2025 quarterly Mar 2005 - Sep 2025
Current Account Balance (USD mn) 69.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance: % of GDP (%) 2.3 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Direct Investment (USD mn) 169.4 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Direct Investment: % of GDP (%) 5.6 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) -23.088 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) -0.8 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 113.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 29.585 Jun 2025 quarterly Mar 2007 - Jun 2025
External Debt (USD mn) 8,616.5 2023 yearly 2006 - 2023
External Debt: % of GDP (%) 112.7 2023 yearly 2006 - 2023
External Debt: Short Term (USD mn) 173.7 2023 yearly 2007 - 2023
External Debt: Short Term: % of GDP (%) 2.3 2023 yearly 2007 - 2023
Forecast: Current Account Balance (USD bn) -1.406 2030 yearly 2001 - 2030
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Import (EUR th) 645,611.036 Dec 2018 quarterly Mar 2010 - Dec 2018
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 112,506,571.770 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 65,139,405.970 2023 yearly 2001 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 28.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Non-Performing Loans (USD mn) 205.823 Jun 2024 monthly Dec 2010 - Jun 2024
M2 Growth (%) 9.9 2024 yearly 2003 - 2024
Reserve Requirement Ratio (%) 5.5 Oct 2025 monthly Jan 2002 - Oct 2025
Foreign Exchange Reserves (USD mn) 1,671.4 Oct 2025 monthly Dec 2002 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 19.347 Sep 2025 quarterly Dec 2006 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 3.6 Oct 2025 monthly Jan 2005 - Oct 2025
Gold Reserves (USD mn) 0.000 Oct 2025 monthly Dec 2002 - Oct 2025
Total Deposits (USD mn) 7,013.068 Oct 2025 monthly Jan 2003 - Oct 2025
Total Deposits Growth (%) 6.9 Oct 2025 monthly Jan 2004 - Oct 2025
Domestic Credit (USD mn) 4,697.7 Oct 2025 monthly Jan 2005 - Oct 2025
Domestic Credit Growth (%) 22.0 Oct 2025 monthly Jan 2006 - Oct 2025
Household Debt (USD mn) 2,677.8 Oct 2025 monthly Dec 2004 - Oct 2025
Total Loans (USD mn) 6,207.035 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans Growth (%) 15.02 Oct 2025 monthly Jan 2004 - Oct 2025
Private Debt: % of Nominal GDP (%) 49.09 Sep 2025 quarterly Mar 2007 - Sep 2025
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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