Inflation, GDP deflator: linked series in Montenegro

Montenegro: Inflation, GDP deflator: linked series was 4.0% in 2025. ◆ Volatile

Latest (2025)
4.0%
Change on year
down 16.5%
World rank
84th
of 212 countries
All-time high
32.9%
in 2000
All-time low
-1.8%
in 1998
Years of data
28
1998–2025

Inflation, GDP deflator: linked series in Montenegro, 1998–2025

01020301998201120251998: -1.8 annual %1999: 12.2 annual %2000: 32.9 annual %2001: 20.2 annual %2002: 3.1 annual %2003: 8.3 annual %2004: 5.9 annual %2005: 4.3 annual %2006: 9.9 annual %2007: 15.8 annual %2008: 7.9 annual %2009: 2.3 annual %2010: 1.8 annual %2011: 0.342 annual %2012: 0.374 annual %2013: 1.6 annual %2014: 1.1 annual %2015: 2.3 annual %2016: 5.3 annual %2017: 4.7 annual %2018: 3.3 annual %2019: 2 annual %2020: -0.461 annual %2021: 5.1 annual %2022: 12.1 annual %2023: 11.7 annual %2024: 4.8 annual %2025: 4 annual %

Source: Staff estimates, World Bank (WB). Measured in annual %.

Analysis

In 2025, inflation, gdp deflator: linked series in Montenegro stood at 4.0%.

Compared with earlier readings it is down 16.5% on the previous year and up 76.2% over ten years.

Over the whole period, inflation, gdp deflator: linked series in Montenegro peaked at 32.9% in 2000 and was at its lowest, -1.8%, in 1998.

Montenegro ranks 84th of 212 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Inflation, GDP deflator: linked series in Montenegro, year by year

Annual values for Inflation, GDP deflator: linked series (annual %) in Montenegro, 1998 to 2025.
Year annual % Change
1998 -1.8%
1999 12.2% -766.0%
2000 32.9% +170.5%
2001 20.2% -38.6%
2002 3.1% -84.8%
2003 8.3% +170.6%
2004 5.9% -29.3%
2005 4.3% -26.4%
2006 9.9% +129.3%
2007 15.8% +58.8%
2008 7.9% -49.8%
2009 2.3% -70.7%
2010 1.8% -21.4%
2011 0.3% -81.2%
2012 0.4% +9.3%
2013 1.6% +332.4%
2014 1.1% -29.8%
2015 2.3% +101.3%
2016 5.3% +130.8%
2017 4.7% -11.7%
2018 3.3% -29.1%
2019 2.0% -39.9%
2020 -0.5% -123.2%
2021 5.1% -1201.4%
2022 12.1% +137.9%
2023 11.7% -3.2%
2024 4.8% -58.7%
2025 4.0% -16.5%

Averages by decade

DecadeAverage LowestHighest Years
1990s 5.2% -1.8% 12.2% 2
2000s 11.1% 2.3% 32.9% 10
2010s 2.3% 0.3% 5.3% 10
2020s 6.2% -0.5% 12.1% 6

Countries ranked near Montenegro

  1. 81 Pakistan 4.3% compare
  2. 82 Slovakia 4.2% compare
  3. 83 Aruba 4.1% compare
  4. 85 Naoero 4.0% compare
  5. 86 Portugal 3.9% compare
  6. 87 Mauritius 3.9% compare

See the full ranking of 213 places →

More financial sector data for Montenegro

All data for Montenegro →

Frequently asked questions

What is inflation, gdp deflator: linked series in Montenegro?
Inflation, gdp deflator: linked series in Montenegro was 4.0% in 2025, according to Staff estimates, World Bank (WB).
What is the highest inflation, gdp deflator: linked series recorded in Montenegro?
The highest recorded value was 32.9% in 2000.
What is the lowest inflation, gdp deflator: linked series recorded in Montenegro?
The lowest recorded value was -1.8% in 1998.
How does Montenegro rank for inflation, gdp deflator: linked series?
Montenegro ranks 84th out of 212 countries with data for 2025.
Is inflation, gdp deflator: linked series rising or falling in Montenegro?
Over the last ten years it is up 76.2%. The long-run trend across the full record is volatile.
Where does this Montenegro data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.

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Inflation, GDP deflator: linked series in Montenegro. Statizoid, drawing on Staff estimates, World Bank (WB). Retrieved 29 August 2026, from https://financial-sector.statizoid.com/stat/inflation-gdp-deflator-linked-series-annual-percent/montenegro/

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About this data

Indicator
Inflation, GDP deflator: linked series (annual %)
Unit
annual %
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
213 places, 7,277 data points, 1990–2025
Last refreshed

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.