Montenegro Trade to GDP Ratio 2000-2024

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
  • Montenegro trade to gdp ratio for 2023 was 119.99%, a 5.91% decline from 2022.
  • Montenegro trade to gdp ratio for 2022 was 125.90%, a 20.87% increase from 2021.
  • Montenegro trade to gdp ratio for 2021 was 105.03%, a 18.02% increase from 2020.
  • Montenegro trade to gdp ratio for 2020 was 87.01%, a 21.84% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Trade (% of GDP)
North Macedonia 159.10%
Belarus 133.00%
Malaysia 131.84%
Thailand 129.15%
Serbia 124.27%
Fiji 120.93%
Montenegro 119.99%
Bulgaria 118.60%
Armenia 117.04%
Libya 109.93%
Namibia 109.61%
Mauritius 108.43%
Belize 106.48%
Bosnia 101.03%
Samoa 91.06%
Equatorial Guinea 87.13%
Albania 84.54%
Azerbaijan 83.62%
Romania 83.04%
Paraguay 82.99%
Gabon 74.14%
Mexico 74.12%
Costa Rica 70.29%
Botswana 67.37%
Turkey 66.96%
South Africa 65.72%
Ecuador 57.85%
Iran 55.54%
Peru 50.91%
Guatemala 50.13%
Dominican Republic 49.62%
Algeria 46.20%
Russia 41.83%
Colombia 40.48%
China 37.32%
Turkmenistan 35.17%
Brazil 33.85%
Montenegro Trade to GDP Ratio - Historical Data
Year Trade (% of GDP) Annual Change
2023 119.99% -5.91%
2022 125.90% 20.87%
2021 105.03% 18.02%
2020 87.01% -21.84%
2019 108.84% -0.76%
2018 109.61% 4.05%
2017 105.56% 1.88%
2016 103.67% 0.98%
2015 102.69% 2.56%
2014 100.13% -2.64%
2013 102.77% -9.00%
2012 111.77% 5.11%
2011 106.66% 6.88%
2010 99.78% 0.36%
2009 99.43% -32.92%
2008 132.34% 3.59%
2007 128.75% 10.75%
2006 117.99% 13.37%
2005 104.63% 4.52%
2004 100.11% 22.51%
2003 77.60% -17.63%
2002 95.23% -5.18%
2001 100.41% 12.48%
2000 87.93% 12.48%