Montenegro: Trade (% of GDP)
In , Montenegro's Trade (% of GDP) was 109.94.
That's down 5.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Montenegro ranks #45 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #22 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 132.48
- Trough
- 87.86
- 1-year change
- -5.9%
- 5-year change
- -0.1%
- 0.0% / yr
- 10-year change
- +9.5%
- +0.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 109.9441 | |
| 116.8067 | |
| 125.4559 | |
| 105.7192 | |
| 87.8612 | |
| 110.0161 | |
| 111.0989 | |
| 106.7114 | |
| 104.1360 | |
| 104.1251 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Montenegro's Trade (% of GDP) in 2024?
- In 2024, Montenegro's Trade (% of GDP) was 109.94, according to World Bank Open Data.
- Is Montenegro's Trade (% of GDP) rising or falling?
- Montenegro's Trade (% of GDP) fell 5.9% from 2023 to 2024.
- How does Montenegro rank globally on Trade (% of GDP)?
- In 2024, Montenegro ranked #45 out of 160 countries reporting Trade (% of GDP).
- How does Montenegro's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Montenegro is above the world average. Within Europe & Central Asia, it ranks #22 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.