Military expenditure in Montenegro
Montenegro: Military expenditure was 150.03 million current USD in 2024. ▲ Rising
Military expenditure in Montenegro, 2005–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Montenegro stood at 150.03 million current USD. That is the highest value across all 20 years on record.
The figure is up 31.3% on the previous year and up 122.1% over ten years.
Over the whole period, military expenditure in Montenegro peaked at 150.03 million current USD in 2024 and was at its lowest, 56.89 million current USD, in 2015.
That places Montenegro 138th out of 168 countries with data for 2024, putting it 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 USD | Change |
|---|---|---|
| 2005 | 60.81 million current USD | — |
| 2006 | 62.35 million current USD | +2.5% |
| 2007 | 64.19 million current USD | +3.0% |
| 2008 | 85.11 million current USD | +32.6% |
| 2009 | 76.68 million current USD | -9.9% |
| 2010 | 75.09 million current USD | -2.1% |
| 2011 | 79.38 million current USD | +5.7% |
| 2012 | 67.71 million current USD | -14.7% |
| 2013 | 64.84 million current USD | -4.2% |
| 2014 | 67.54 million current USD | +4.2% |
| 2015 | 56.89 million current USD | -15.8% |
| 2016 | 61.71 million current USD | +8.5% |
| 2017 | 65.73 million current USD | +6.5% |
| 2018 | 75.37 million current USD | +14.7% |
| 2019 | 73.96 million current USD | -1.9% |
| 2020 | 82.92 million current USD | +12.1% |
| 2021 | 91.14 million current USD | +9.9% |
| 2022 | 98.01 million current USD | +7.5% |
| 2023 | 114.26 million current USD | +16.6% |
| 2024 | 150.03 million current USD | +31.3% |
Montenegro compared with similar countries
- Montenegro's 150.03 million current USD is below the median for upper middle income countries, which is 1.38 billion current USD, 11% of the median. (48 countries reporting)
- Montenegro's 150.03 million current USD is below the median for Europe & Central Asia, which is 2.63 billion current USD, 6% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 69.83 million current USD | 60.81 million current USD | 85.11 million current USD | 5 |
| 2010s | 68.82 million current USD | 56.89 million current USD | 79.38 million current USD | 10 |
| 2020s | 107.27 million current USD | 82.92 million current USD | 150.03 million current USD | 5 |
Countries ranked near Montenegro
More public sector data for Montenegro
- Democracy, 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 150.03 million current USD 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 150.03 million current USD in 2024.
- What is the lowest military expenditure recorded in Montenegro?
- The lowest recorded value was 56.89 million current USD in 2015.
- How does Montenegro rank for military expenditure?
- Montenegro ranks 138th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Montenegro?
- Over the last ten years it is up 122.1%. 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)