Montenegro current account to gdp
Montenegro current account to gdp: -13.2 (43.48%)
Last Update: January 31, 2023
Last Update: January 31, 2023
Montenegro current account to gdp closed down -13.2 as of January 31, 2023 from -9.2 from the previous month and -19.36 from last year.
Montenegro current account to gdp Analytics & Data
Embed this chart in your website or Share this chart with your friends MacroVar Free Open Data enables you to Embed, Share and Download Montenegro current account to gdp historical data, charts and analysis in your website and with others.
Download the last 10 years of historical data for free by clicking Download Data. Sign up free to access full historical data.
Embed Montenegro current account to gdp Chart or Data Table in your website or Share this chart and data table with your friends.
Montenegro current account to gdp
| Date | Values |
|---|---|
| 2023-01-31 | -13.2 |
| 2022-01-31 | -9.2 |
| 2021-01-31 | -9.2 |
| 2020-01-31 | -26.1 |
| 2019-01-31 | -14.3 |
| 2018-01-31 | -17 |
| 2017-01-31 | -16.1 |
| 2016-01-31 | -16.2 |
| 2015-01-31 | -11 |
| 2014-01-31 | -12.4 |
| 2013-01-31 | -11.4 |
| 2012-01-31 | -17.65 |
| 2011-01-31 | -19.36 |
| 2010-01-31 | -25.6 |
| 2009-01-31 | -29.9 |
| 2007-01-31 | -44.23 |
| 2006-01-31 | -31.06 |
| 2005-01-31 | -8.6 |
| 2004-01-31 | -9.7 |
| 2003-01-31 | -7.4 |
Get notified instantly when MacroVar new signals are available for Montenegro current account to gdp. Create your free account
Embed the latest Montenegro current account to gdp Chart, Data Table or text to your website by clicking the 3 options below.
Copy the following Code to your Website
Download the last 10 years of historical data for free by clicking Download Data. MacroVar also enables you to Embed auto-updated Chart, Table and Live text to your website.
Sign up free to access full historical data of Montenegro current account to gdp.
Montenegro current account to gdp Statistics
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| current account to gdp | me.currentaccountgdp | -13.2 | -9.2 | 43 | -32 | UP | UP | 0 | 2023-01-31 |
Montenegro current account to gdp Factors
MacroVar Quantitative Models analyzes financial and macroeconomic factors affecting to find uncorrelated trading ideas. MacroVar statistical models monitor dynamics and generate signals when unusual deviations are detected between financial markets and their factors Upgrade your account to access premium financial and
economic signals and research.
What is the Montenegro current account to gdp
Montenegro Current Account to GDP: Explained and AnalyzedWelcome to our webpage dedicated to showcasing the latest data, trends, and analysis of Montenegro's Current Account to GDP ratio. This essential economic indicator provides valuable insights into the country's external trade balance and its relationship with the overall economy. By examining this ratio, investors, analysts, and policymakers can gain a deeper understanding of Montenegro's financial health and its ability to maintain sustainable economic growth.
What is Montenegro's Current Account to GDP?
The Current Account to GDP ratio represents the sum of Montenegro's current account transactions (including trade in goods and services, income, and current transfers) as a percentage of its Gross Domestic Product (GDP). Essentially, it measures the country's net position in its transactions with the rest of the world, providing a comprehensive view of its international trade and financial flows.
Interpreting Montenegro's Current Account to GDP:
1. Positive Ratio: A positive Current Account to GDP ratio suggests that Montenegro is a net lender to the rest of the world. This indicates strong export performance, foreign investment inflows, and potential capacity for savings and investments. However, an excessively high ratio may indicate an over-reliance on exports or a lack of domestic consumption, which could hinder economic growth in the long run.
2. Negative Ratio: Conversely, a negative ratio suggests that Montenegro is a net borrower from the rest of the world. This often indicates a trade deficit and a greater reliance on imports. While this may not be a cause for immediate concern, a consistently negative ratio could signal unsustainable imbalances in the economy, such as excessive consumption or insufficient competitiveness.
Using the Data, Trends, and Analytics:
On our webpage, you will find a collection of carefully curated charts, graphs, and analytics that display the current and historical trends of Montenegro's Current Account to GDP ratio. These visuals provide a compelling overview of how the ratio has evolved over time and offer insights into the country's economic performance.
Additionally, users have the option to export the historical data free of charge, enabling further analysis and comparisons with other economic variables or regional/global trends. This will facilitate a deeper dive into Montenegro's economic landscape, allowing researchers, investors, and businesses to make informed decisions based on relevant historical data patterns.
MacroVar Signals, Trends, and Analysis:
In addition to the data and analytics, our webpage also provides access to our proprietary MacroVar signals and analysis. MacroVar utilizes advanced algorithms and machine learning techniques to identify potential turning points and forecast future trends in various economic indicators, including Montenegro's Current Account to GDP ratio. By leveraging MacroVar's signals, users can enhance their understanding of the ratio's potential future trajectory and adapt their strategies accordingly.
We believe that through the combination of comprehensive data, historical analysis, and MacroVar insights, our webpage offers a robust platform for understanding, interpreting, and utilizing Montenegro's Current Account to GDP ratio. We invite you to explore the various tools and resources available and discover the valuable insights that can inform your decision-making processes.
Montenegro Macroeconomic Indicators
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| balance of trade | me.balanceoftrade | -282853 | -306288 | -8 | 13 | Down | Down | 56 | 2023-11-30 |
| building permits | me.buildingpermits | 96 | 101 | -5 | 39 | UP | UP | 0 | 2023-12-31 |
| consumer price index cpi | me.cpi | 135.8 | 135.2 | 0 | 6 | UP | UP | 65 | 2024-03-31 |
| current account | me.currentaccount | -422384 | 193100 | -319 | 161 | Down | Down | 97 | 2024-03-31 |
| current account to gdp | me.currentaccountgdp | -13.2 | -9.2 | 43 | -32 | UP | UP | 0 | 2023-01-31 |
| exports | me.exports | 41845.8 | 41060.9 | 2 | -3 | Down | Down | 37 | 2023-08-31 |
| fiscal expenditure | me.fiscalexp | 1054520000 | 493928000 | 113 | 21 | Down | UP | 0 | 2020-06-30 |
| gdp | me.gdp | 5.81 | 4.78 | 22 | 40 | UP | UP | 0 | 2021-01-31 |
| Real GDP | me.realgdp | 1653.65 | 1991.76 | -17 | 43 | UP | UP | 0 | 2023-12-31 |
| gdp growth annual | me.gdpgrowthan | 4.3 | 6.6 | -35 | -157 | Down | UP | 0 | 2023-12-31 |
| government budget | me.govbudget | 0.2 | -5.1 | -104 | -105 | UP | UP | 0 | 2023-01-31 |
| Government budget | me.govbudgetvalue | -217444000 | -70514100 | 208 | 110 | Down | Down | 0 | 2020-06-30 |
| government debt | me.govdebt | 4059.91 | 3986.76 | 2 | -6 | UP | Down | 0 | 2023-12-31 |
| government debt to gdp | me.govdebtgdp | 60.3 | 70.8 | -15 | 33 | Down | UP | 0 | 2023-01-31 |
| government revenues | me.govrev | 837078000 | 423414000 | 98 | 9 | Down | UP | 0 | 2020-06-30 |
| imports | me.imports | 349591 | 335974 | 4 | -4 | UP | Down | 28 | 2023-08-31 |
| industrial production | me.indproduction | -9.2 | 9.4 | -198 | 475 | Down | Down | 93 | 2024-01-31 |
| industrial production mom | me.indproductionmm | 9.8 | -14.9 | -166 | -132 | UP | UP | 25 | 2024-01-31 |
| inflation cpi | me.inflationcpi | 5.5 | 4.3 | 28 | -66 | Down | Down | 53 | 2024-01-31 |
| long term unemployment rate | me.ltunemploymentrate | 15.7 | 12.7 | 24 | 22 | UP | UP | 0 | 2020-12-31 |
| Producer Price Index | me.producerprices | 206.5 | 202.1 | 2 | 7 | UP | UP | 79 | 2023-07-31 |
| PPI Index | me.producerpricesch | 1.2 | 2 | -40 | -90 | Down | Down | 32 | 2024-02-29 |
| retail sales MoM | me.retailsales | 10.3 | -29.9 | -134 | -132 | UP | UP | 10 | 2024-01-31 |
| retail sales yoy | me.retailsalesan | 10 | 10.3 | -3 | -32 | UP | Down | 62 | 2024-01-31 |
| unemployment rate | me.unemploymentrate | 13.27 | 13.38 | -1 | -31 | Down | Down | 3 | 2024-01-31 |
| Construction sector | me.esi.constr | 10.8 | 10.3 | 5 | -214 | UP | UP | 0 | 2023-06-30 |
| Consumer sector | me.esi.cons | 6.8 | 6 | 13 | -140 | UP | UP | 5 | 2023-06-30 |
| Manufacturing sector | me.esi.man | 5.5 | 6.1 | -10 | 10 | UP | UP | 78 | 2023-06-30 |
| Retail sector | me.esi.ret | 22.7 | 19.4 | 17 | 328 | UP | UP | 98 | 2023-06-30 |
| Services sector | me.esi.serv | 22.1 | 18.6 | 19 | 146 | UP | UP | 97 | 2023-06-30 |
| ESI - Economic Composite | me.esi.conf | 111.5 | 113.9 | -2 | 33 | UP | UP | 88 | 2022-02-28 |