Military expenditure in Montenegro
Montenegro: Military expenditure was 138.70 million current LCU in 2024. ▲ Rising
Military expenditure in Montenegro, 2005–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
The most recent figure for military expenditure in Montenegro is 138.70 million current LCU, measured in 2024. That is the highest value across all 20 years on record.
The figure is up 31.1% on the previous year and up 172.4% over ten years.
Over the whole period, military expenditure in Montenegro peaked at 138.70 million current LCU in 2024 and was at its lowest, 46.90 million current LCU, in 2007.
Montenegro ranks 160th of 168 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Military expenditure in Montenegro, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 48.90 million current LCU | — |
| 2006 | 49.70 million current LCU | +1.6% |
| 2007 | 46.90 million current LCU | -5.6% |
| 2008 | 58.10 million current LCU | +23.9% |
| 2009 | 55.20 million current LCU | -5.0% |
| 2010 | 56.70 million current LCU | +2.7% |
| 2011 | 57.10 million current LCU | +0.7% |
| 2012 | 52.70 million current LCU | -7.7% |
| 2013 | 48.83 million current LCU | -7.3% |
| 2014 | 50.91 million current LCU | +4.3% |
| 2015 | 51.30 million current LCU | +0.8% |
| 2016 | 55.80 million current LCU | +8.8% |
| 2017 | 58.59 million current LCU | +5.0% |
| 2018 | 63.85 million current LCU | +9.0% |
| 2019 | 66.06 million current LCU | +3.5% |
| 2020 | 72.75 million current LCU | +10.1% |
| 2021 | 77.07 million current LCU | +5.9% |
| 2022 | 93.19 million current LCU | +20.9% |
| 2023 | 105.76 million current LCU | +13.5% |
| 2024 | 138.70 million current LCU | +31.1% |
Montenegro compared with similar countries
- Montenegro's 138.70 million current LCU is below the median for upper middle income countries, which is 50.91 billion current LCU, 0% of the median. (48 countries reporting)
- Montenegro's 138.70 million current LCU is below the median for Europe & Central Asia, which is 7.91 billion current LCU, 2% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.76 million current LCU | 46.90 million current LCU | 58.10 million current LCU | 5 |
| 2010s | 56.18 million current LCU | 48.83 million current LCU | 66.06 million current LCU | 10 |
| 2020s | 97.49 million current LCU | 72.75 million current LCU | 138.70 million current LCU | 5 |
Countries ranked near Montenegro
More public sector data for Montenegro
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Montenegro?
- Military expenditure in Montenegro was 138.70 million current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Montenegro?
- The highest recorded value was 138.70 million current LCU in 2024.
- What is the lowest military expenditure recorded in Montenegro?
- The lowest recorded value was 46.90 million current LCU in 2007.
- How does Montenegro rank for military expenditure?
- Montenegro ranks 160th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Montenegro?
- Over the last ten years it is up 172.4%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)