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Economy of Afghanistan vs Montenegro compared: GDP & Debt

Updated on by Georank

Afghanistan has a GDP of $17.8B compared to $9.23B for Montenegro, ranking 139/197 and 155/197 by economy size, respectively.

Afghanistan has $1.58B in government debt (7.98% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

Afghanistan vs Montenegro GDP by year

Afghanistan
Montenegro
1x
Year GDP, current $
Afghanistan Montenegro
2025 - $9,232,801,465
2024 $17,778,508,876 $8,274,290,506
2023 $17,152,234,637 $7,643,318,276
2022 $14,497,243,872 $6,259,721,790
2021 $14,259,995,441 $5,822,908,964
2020 $19,955,929,052 $4,734,192,593
2019 $18,799,444,490 $5,483,622,632
2018 $18,053,222,687 $5,433,469,311
2017 $18,753,456,498 $4,803,964,684
2016 $18,116,572,395 $4,357,467,226
2015 $19,134,221,645 $4,010,884,107
2014 $20,497,128,556 $4,579,635,404
2013 $20,146,416,758 $4,422,097,042
2012 $19,907,329,778 $4,071,828,832
2011 $17,805,098,206 $4,507,127,585
2010 $15,856,668,556 $4,136,936,244
2009 $12,416,152,732 $4,159,063,347
2008 $10,109,297,048 $4,559,410,049
2007 $9,747,886,187 $3,682,586,459
2006 $6,971,758,282 $2,719,979,875
2005 $6,203,256,539 $2,258,016,380
2004 $5,224,896,719 $2,077,046,942
2003 $4,520,946,819 $1,708,196,981
2002 $3,825,701,439 $1,286,314,054
2001 $2,813,571,754 $1,159,869,246
2000 $3,521,418,060 $984,293,044
1999 - $828,950,327
1998 - $854,261,161
1997 - $838,288,806

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/afghanistan/montenegro | CC BY

GDP per capita in Afghanistan vs Montenegro by year

Afghanistan
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $14,817 -
2024 $417 - $13,270 $34,063
2023 $414 $2,202 $12,258 $31,863
2022 $357 $2,123 $10,038 $28,050
2021 $356 $2,144 $9,316 $23,690
2020 $511 $2,562 $7,555 $20,625
2019 $497 $2,583 $8,749 $23,706
2018 $491 $2,432 $8,674 $21,084
2017 $525 $2,336 $7,674 $19,357
2016 $522 $2,213 $6,968 $18,030
2015 $566 $2,284 $6,421 $16,092
2014 $625 $2,224 $7,342 $15,276
2013 $637 $2,133 $7,103 $14,692
2012 $651 $1,988 $6,552 $13,793
2011 $607 $1,744 $7,266 $14,347
2010 $561 $1,766 $6,679 $13,612
2009 $452 $1,571 $6,727 $12,976
2008 $382 $1,334 $7,390 $13,802
2007 $376 $1,287 $5,979 $12,452
2006 $274.2 $1,122 $4,423 $10,440
2005 $254.2 $1,076 $3,676 $8,314
2004 $221.8 $972 $3,386 $7,841
2003 $198.9 $967 $2,790 $7,340
2002 $179 $927 $2,109 $7,100
2001 $138.7 $748 $1,910 $6,772
2000 $174.9 $814 $1,627 $6,004
1999 - - $1,368 $5,684
1998 - - $1,406 $6,170
1997 - - $1,375 $5,798

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/afghanistan/montenegro | CC BY

Afghanistan's GDP per capita is $417, ranking 196/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Montenegro ranks 65th at $34,063.

Economic indicators

Afghanistan Montenegro
Gross domestic product
$17.8B
2024
$9.23B
2025
GDP rank
139/197
2024
155/197
2025
GDP growth
1.87%
2023-2024
2.74%
2024-2025
GDP per capita
$417
2024
$14,817
2025
GDP per capita rank
196/197
2024
71/197
2025
GDP per capita, PPP
$2,202
2023
$34,063
2024
GDP per capita PPP rank
184/197
2023
65/197
2024
Government debt
$1.58B
2024
$6.19B
2025
Debt-to-GDP ratio
7.98%
2025
67.1%
2025
Government debt per person
$37.2
2024
$9,942
2025
Government debt per person rank
185/185
2024
61/185
2025
Average annual personal income after taxes
$1,529
2026
$12,768
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Income share by richest 10% n/a
24.7%
2021
Income share by poorest 10% n/a
2.1%
2021
Government expenditure, % of GDP
20%
2025
43.9%
2025
Consumer prices inflation
2.9%
2024-2025
3.9%
2024-2025
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
11.5%
2024
Population
45682388
613759

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Afghanistan Montenegro
Government spending Government debt Government spending Government debt
2025 20% 7.98% 43.9% 67.1%
2024 19.7% 8.91% 44.1% 60.8%
2023 17% 8.25% 40.4% 59.6%
2022 16.1% 10.6% 42.2% 70.3%
2021 17.9% 11.1% 45.1% 86.2%
2020 27.9% 7.33% 54.9% 108.4%
2019 28% 6.14% 44.4% 79.6%
2018 28.9% 7.38% 47.8% 72.9%
2017 27.7% 8% 47.6% 66.9%
2016 28% 8.44% 47.7% 66.7%
2015 25.9% 9.15% 46.9% 69.5%
2014 25.4% 8.7% 44.3% 63.6%
2013 25% 6.9% 46.3% 59.2%
2012 25% 6.76% 45.9% 57.1%
2011 21.9% 7.5% 45.7% 49%
2010 20.8% 7.7% 46.7% 45.1%
2009 21.2% 16.2% 51.5% 43.9%
2008 20.9% 19.1% 51.2% 34.2%
2007 21.4% 20.1% 43.9% 31.8%
2006 18.3% 23% 42.6% 36.7%
2005 15.7% 206.4% 38.2% 38.6%
2004 15.1% 245% 40% 45.4%
2003 11.9% 270.6% 43.3% 48.6%
2002 6.94% 346% 37.5% 85.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2002–2025, retrieved 2026-07-08).

GeoRank.org/economy/afghanistan/montenegro | CC BY

In 2025, Afghanistan's government spending was $3.5B, accounting for 20% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 7.98% in Afghanistan and 67.1% in Montenegro, ranking 181/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Montenegro
1x
Year Deficit/surplus, % of GDP
Afghanistan Montenegro
2025 -0.89% -3.61%
2024 -0.55% -3.44%
2023 -1.33% 0.38%
2022 -1% -4.05%
2021 -0.48% -1.37%
2020 -2.24% -10.9%
2019 -1.06% -1.74%
2018 1.63% -6.3%
2017 -0.67% -6.89%
2016 0.13% -6.21%
2015 -1.38% -6.03%
2014 -1.72% -0.7%
2013 -0.63% -4.54%
2012 0.18% -5.87%
2011 -0.67% -6.79%
2010 0.93% -4.88%
2009 -1.76% -6.74%
2008 -3.86% -2.3%
2007 -2.46% 8.44%
2006 0.68% 4.34%
2005 -0.92% -1.42%
2004 -2.39% -2.45%
2003 -2.1% -4.06%
2002 -0.1% -1.44%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2002–2025, retrieved 2026-07-08).

GeoRank.org/economy/afghanistan/montenegro | CC BY

In 2024, Afghanistan's government deficit, the difference between spending and revenue, was $97.4M, equivalent to 0.55% of GDP. This compares to Montenegro's deficit of $285M, or 3.44% of GDP.

Over the past 23 years, Afghanistan recorded a fiscal deficit in 18 of those years, while Montenegro ran a deficit in 20 years. On average, Afghanistan posted an annual deficit equal to 0.95% of GDP, compared to deficit of 3.26% of GDP for Montenegro.

Inflation comparison by year

Inflation
Afghanistan

Montenegro
1x
Year Consumer prices inflation
Afghanistan Montenegro
2025 2.9% 3.9%
2024 -4.3% 3.3%
2023 -7.7% 8.6%
2022 10.6% 13%
2021 7.8% 2.4%
2020 5.6% -0.3%
2019 2.3% 0.4%
2018 0.6% 2.6%
2017 5% 2.4%
2016 4.4% -0.3%
2015 -0.7% 1.5%
2014 4.7% -0.7%
2013 7.4% 2.2%
2012 6.4% 4.1%
2011 11.8% 3.5%
2010 2.2% 0.4%
2009 -6.8% 3.6%
2008 26.4% 9%
2007 8.7% 3.4%
2006 6.8% 2.1%
2005 10.6% 3.4%
2004 16.4% 3.1%
2003 35.7% 7.5%
2002 - 19.7%
2001 - 23.7%
2000 - 29.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (2000–2025, retrieved 2026-07-08).

GeoRank.org/economy/afghanistan/montenegro | CC BY

Over the past 23 years, Afghanistan has recorded an average annual inflation rate of 6.82%, compared with 3.44% in Montenegro. In 2025, inflation was 2.9% in Afghanistan and 3.9% in Montenegro.

Top exports between countries

Afghanistan
Export category Export value
Montenegro
Export category Export value
Machinery & equipment $25K

Balance of trade

Afghanistan Montenegro
Current account balance
-$3.14B
2020
-$1.88B
2025
Current account balance ranking
153/190
2020
140/190
2025
Current account balance, % of GDP
-15.7%
2020
-20.4%
2025
Goods imports
$5.88B
2020
$4.91B
2025
Goods exports
$777M
2020
$663M
2025
Service imports
$1.11B
2020
$1.24B
2025
Service exports
$700M
2020
$3.07B
2025
Imports of goods and services, % of GDP
68.1%
2024
65.7%
2025
Exports of goods and services, % of GDP
15.7%
2024
40.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Montenegro
Economic freedom 53 63.8
Economic freedom ranking 142/197 78/197
Property rights 3.6 60.9
Government integrity 13.5 49.9
Judicial effectiveness 0 51.5
Tax burden 92 88.7
Government spending 90.8 47.6
Fiscal health 98.4 86.2
Business freedom 33.7 68.4
Labor freedom 44.4 59.4
Monetary freedom 84.9 75.2
Trade freedom 68.6 78.4
Investment freedom 10 50
Financial freedom 10 50

Economic freedom comparison by year

Afghanistan
Montenegro
1x
Year Economic freedom index
Afghanistan Montenegro
2026 - 63.8
2025 - 63.8
2024 - 59.7
2023 - 60.9
2022 - 57.8
2021 53 63.4
2020 54.7 61.5
2019 51.5 60.5
2018 51.3 64.3
2017 48.9 62
2016 - 64.9
2015 - 64.7
2014 - 63.6
2013 - 62.6
2012 - 62.5
2011 - 62.5
2010 - 63.6
2009 - 58.2
2008 - -
2007 - -
2006 - -
2005 - -
2004 - -
2003 - 43.5
2002 - 46.6

Data sources: The Heritage Foundation | Economic Freedom Index (2002–2026, retrieved 2026-07-08).

GeoRank.org/economy/afghanistan/montenegro | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 63.8 for Montenegro, ranking 78/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Montenegro
Services, % of GDP
45.2%
2024
63.4%
2025
Industry, % of GDP
14.5%
2024
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
34.3%
2024
3.37%
2025
GNI, Atlas method
$16.8B
2024
$8.82B
2025
GNI per capita, PPP
$2,250
2024
$35,700
2025
Total reserves including gold
$9.75B
2020
$2.2B
2025
Total reserves ranking
81/177
2020
126/177
2025
Net foreign direct investment
$24.3M
2020
-$601M
2025
Net inflows of foreign direct investment
$0
2024
$599M
2024
Net outflows of foreign direct investment
$0
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI
0.38%
2024
15%
2024
Poverty at national poverty lines
47.1%
2019
20%
2023
Gross capital formation, % of GDP
17.1%
2024
26.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/afghanistan/montenegro | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2002–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2002–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. TradeMap (2024, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.