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Montenegro Trade (% GDP)

Montenegro's trade (% GDP) fell to 112.42% in 2024, down from 118.54% in 2023, according to World Bank. This represents a decrease of 6.12% from the previous year. Montenegro has trade (% GDP) higher than the global median (112.42% vs median 84.49%). Compared with the median in Europe, Montenegro is higher (112.42% vs regional median 111.00%) and ranks 21st out of 44 countries in Europe.

Yearly Historical Data (2000-2024)

(in %)
Year Trade (% GDP)
2024 112.42%
2023 118.54%
2022 125.9%
2021 105.03%
2020 87.01%
2019 108.84%
2018 109.61%
2017 105.55%
2016 103.67%
2015 102.69%
2014 100.13%
2013 102.77%
2012 111.77%
2011 106.66%
2010 99.78%
2009 99.43%
2008 132.34%
2007 128.75%
2006 117.99%
2005 104.63%
2004 100.11%
2003 77.6%
2002 95.23%
2001 100.41%
2000 87.93%
Montenegro Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Montenegro divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $660.69M $722.52M 2024
Annual Imports $4.4B $4.12B 2024
Exports (% GDP) 44.87% 49.95% 2024
FDI Inflows (% GDP) 7.41% 6.98% 2024
Imports (% GDP) 67.55% 68.59% 2024
Net Trade (Goods & Services, BoP) -$1.85B -$1.4B 2024
Tariff Rate 1.88% 1.97% 2022