Gross national savings — all countries

Gross national savings — Montenegro

Gross national savings in Montenegro in 2025 — 7%. Ranked 72 in the world out of 73. Since 2007, the indicator has risen by 11.9 pp.

2025 7% −1.7 pp vs 2024
World rank 72of 73
Period maximum 16.5%2019
Period minimum -8.7%2008

Trend over time

2007–2025 · % of GDP

Gross national savings — Montenegro, 2007–2025-100102020072009201120132015201720192021202320252007: -4.9%2008: -8.7%2009: -1.2%2010: 1.9%2011: 4.2%2012: 4.7%2013: 7.3%2014: 7%2015: 8.6%2016: 8.6%2017: 12.4%2018: 14.1%2019: 16.5%2020: 3.9%2021: 16.2%2022: 14.7%2023: 14.2%2024: 8.8%2025: 7%
Change over the period: +11.9 pp Annual average: 0.66 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Montenegro

Montenegro 7%
Gross national savings — Montenegro, by year Montenegro All countries CSV XLSX
Year % Change, pp
2025 7 −1.7 pp
2024 8.8 −5.5 pp
2023 14.2 −0.4 pp
2022 14.7 −1.5 pp
2021 16.2 +12.3 pp
2020 3.9 −12.6 pp
2019 16.5 +2.4 pp
2018 14.1 +1.7 pp
2017 12.4 +3.8 pp
2016 8.6 +0 pp
2015 8.6 +1.6 pp
2014 7 −0.3 pp
2013 7.3 +2.6 pp
2012 4.7 +0.5 pp
2011 4.2 +2.3 pp
2010 1.9 +3.1 pp
2009 -1.2 +7.5 pp
2008 -8.7 −3.8 pp
2007 -4.9

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.