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Economy of Brunei vs Montenegro compared: GDP & Debt

Updated on by Georank

Brunei has a GDP of $15B compared to $9.23B for Montenegro, ranking 147/197 and 155/197 by economy size, respectively.

Brunei has $232M in government debt (1.54% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

Brunei vs Montenegro GDP by year

Brunei
Montenegro
1x
Year GDP, current $
Brunei Montenegro
2025 $15,031,980,994 $9,232,801,465
2024 $15,340,808,592 $8,274,290,506
2023 $15,095,084,656 $7,643,318,276
2022 $16,681,536,467 $6,259,721,790
2021 $14,006,496,617 $5,822,908,964
2020 $12,005,799,654 $4,734,192,593
2019 $13,469,235,365 $5,483,622,632
2018 $13,566,908,391 $5,433,469,311
2017 $12,128,168,045 $4,803,964,684
2016 $11,400,266,045 $4,357,467,226
2015 $12,930,296,870 $4,010,884,107
2014 $17,097,797,386 $4,579,635,404
2013 $18,094,148,099 $4,422,097,042
2012 $19,048,443,341 $4,071,828,832
2011 $18,524,791,063 $4,507,127,585
2010 $13,707,121,038 $4,136,936,244
2009 $11,912,904,510 $4,159,063,347
2008 $15,926,456,515 $4,559,410,049
2007 $13,432,029,484 $3,682,586,459
2006 $12,644,616,419 $2,719,979,875
2005 $10,547,202,621 $2,258,016,380
2004 $8,619,178,774 $2,077,046,942
2003 $7,167,725,262 $1,708,196,981
2002 $6,333,082,876 $1,286,314,054
2001 $6,096,155,767 $1,159,869,246
2000 $6,570,999,088 $984,293,044
1999 $6,309,070,378 $828,950,327
1998 $5,550,846,020 $854,261,161
1997 $7,793,034,376 $838,288,806
1996 $7,663,377,306 -
1995 $7,700,144,069 -
1994 $6,467,782,518 -
1993 $6,203,339,912 -
1992 $6,327,966,435 -
1991 $6,284,497,294 -
1990 $6,039,881,087 -
1989 $4,983,622,881 -
1988 $4,535,130,305 -
1987 $4,918,010,080 -
1986 $4,190,280,003 -
1985 $6,967,623,884 -
1984 $7,632,788,075 -
1983 $7,927,590,750 -
1982 $8,932,198,186 -
1981 $9,367,218,664 -
1980 $10,795,432,294 -
1979 $6,044,367,628 -
1978 $4,100,423,674 -
1977 $3,681,242,528 -
1976 $3,054,765,590 -
1975 $2,496,420,258 -
1974 $2,319,576,214 -
1973 $433,095,527 -
1972 $270,822,782 -
1971 $197,525,768 -
1970 $179,078,929 -
1969 $161,210,236 -
1968 $160,818,236 -
1967 $139,029,537 -
1966 $132,757,528 -
1965 $114,039,501 -

Data sources: World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08).

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

GDP per capita in Brunei vs Montenegro by year

Brunei
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,235 - $14,817 -
2024 $33,153 $89,879 $13,270 $34,063
2023 $32,891 $85,033 $12,258 $31,863
2022 $36,633 $81,802 $10,038 $28,050
2021 $31,007 $78,249 $9,316 $23,690
2020 $26,834 $69,788 $7,555 $20,625
2019 $30,427 $69,354 $8,749 $23,706
2018 $30,988 $65,149 $8,674 $21,084
2017 $28,024 $61,658 $7,674 $19,357
2016 $26,663 $56,680 $6,968 $18,030
2015 $30,625 $62,708 $6,421 $16,092
2014 $41,027 $81,226 $7,342 $15,276
2013 $44,003 $83,237 $7,103 $14,692
2012 $46,969 $87,256 $6,552 $13,793
2011 $46,383 $82,735 $7,266 $14,347
2010 $34,938 $79,543 $6,679 $13,612
2009 $30,946 $77,957 $6,727 $12,976
2008 $42,157 $80,477 $7,390 $13,802
2007 $36,217 $83,693 $5,979 $12,452
2006 $34,675 $86,114 $4,423 $10,440
2005 $29,386 $81,534 $3,676 $8,314
2004 $24,423 $80,404 $3,386 $7,841
2003 $20,678 $79,632 $2,790 $7,340
2002 $18,621 $76,838 $2,109 $7,100
2001 $18,288 $74,254 $1,910 $6,772
2000 $20,130 $73,087 $1,627 $6,004
1999 $19,752 $70,585 $1,368 $5,684
1998 $17,769 $68,257 $1,406 $6,170
1997 $25,522 $73,980 $1,375 $5,798
1996 $25,692 $70,008 - -
1995 $26,443 $70,440 - -
1994 $22,767 $69,779 - -
1993 $22,397 $69,387 - -
1992 $23,451 $70,016 - -
1991 $23,932 $72,610 - -
1990 $23,659 $70,201 - -
1989 $20,090 - - -
1988 $18,825 - - -
1987 $21,030 - - -
1986 $18,501 - - -
1985 $31,827 - - -
1984 $36,061 - - -
1983 $38,720 - - -
1982 $45,075 - - -
1981 $48,793 - - -
1980 $58,005 - - -
1979 $33,501 - - -
1978 $23,447 - - -
1977 $21,747 - - -
1976 $18,671 - - -
1975 $15,793 - - -
1974 $15,195 - - -
1973 $2,939 - - -
1972 $1,905 - - -
1971 $1,432 - - -
1970 $1,325 - - -
1969 $1,226 - - -
1968 $1,274 - - -
1967 $1,149 - - -
1966 $1,146 - - -
1965 $1,029 - - -

Data sources: World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08).

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

Brunei's GDP per capita is $32,235, ranking 42/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while Montenegro ranks 65th at $34,063.

Economic indicators

Brunei Montenegro
Gross domestic product
$15B
2025
$9.23B
2025
GDP rank
147/197
2025
155/197
2025
GDP growth
0.67%
2024-2025
2.74%
2024-2025
GDP per capita
$32,235
2025
$14,817
2025
GDP per capita rank
42/197
2025
71/197
2025
GDP per capita, PPP
$89,879
2024
$34,063
2024
GDP per capita PPP rank
9/197
2024
65/197
2024
Government debt
$232M
2025
$6.19B
2025
Debt-to-GDP ratio
1.54%
2025
67.1%
2025
Government debt per person
$498
2025
$9,942
2025
Government debt per person rank
169/185
2025
61/185
2025
Average annual personal income after taxes
$25,392
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
29.9%
2025
43.9%
2025
Consumer prices inflation
-0.3%
2024-2025
3.9%
2024-2025
Unemployment rate
4.87%
2024
11.5%
2024
Population
471596
613759

Spending and national debt comparison by year

Brunei
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Brunei Montenegro
Government spending Government debt Government spending Government debt
2025 29.9% 1.54% 43.9% 67.1%
2024 30.3% 1.57% 44.1% 60.8%
2023 30.1% 1.67% 40.4% 59.6%
2022 26.1% 1.33% 42.2% 70.3%
2021 30.1% 1.43% 45.1% 86.2%
2020 32.8% 2.16% 54.9% 108.4%
2019 32.1% 1.82% 44.4% 79.6%
2018 32.9% 1.9% 47.8% 72.9%
2017 36.6% 2.58% 47.6% 66.9%
2016 39.8% 3% 47.7% 66.7%
2015 37% 2.95% 46.9% 69.5%
2014 34% 3.23% 44.3% 63.6%
2013 33.4% 2.21% 46.3% 59.2%
2012 31.1% 2.1% 45.9% 57.1%
2011 29.9% 2.13% 45.7% 49%
2010 25.5% 1.11% 46.7% 45.1%
2009 34.8% 1.11% 51.5% 43.9%
2008 27.2% 0.94% 51.2% 34.2%
2007 29.3% 0.68% 43.9% 31.8%
2006 28% 0.59% 42.6% 36.7%
2005 29.1% 0% 38.2% 38.6%
2004 33.2% 0% 40% 45.4%
2003 30.9% 0% 43.3% 48.6%
2002 41.4% 0% 37.5% 85.7%
2001 35.5% 0% - -
2000 37.5% 0% - -
1999 44.1% 0% - -
1998 45.4% 0% - -
1997 39% 0% - -
1996 36.9% 0% - -
1995 44% 0% - -
1994 47.1% 0% - -
1993 38% 0% - -
1992 34.1% 0% - -
1991 30.6% 0% - -
1990 32% 0% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Brunei's government spending was $4.5B, accounting for 29.9% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 1.54% in Brunei and 67.1% in Montenegro, ranking 185/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

Montenegro
1x
Year Deficit/surplus, % of GDP
Brunei Montenegro
2025 -13.4% -3.61%
2024 -12.9% -3.44%
2023 -8.62% 0.38%
2022 -0.25% -4.05%
2021 -8.34% -1.37%
2020 -16.2% -10.9%
2019 -4.16% -1.74%
2018 -2.9% -6.3%
2017 -13.8% -6.89%
2016 -16.7% -6.21%
2015 -11.4% -6.03%
2014 1.25% -0.7%
2013 10.4% -4.54%
2012 19.5% -5.87%
2011 21.5% -6.79%
2010 11.3% -4.88%
2009 3.61% -6.74%
2008 36.1% -2.3%
2007 3.12% 8.44%
2006 19.8% 4.34%
2005 16% -1.42%
2004 8.57% -2.45%
2003 8.06% -4.06%
2002 -4.61% -1.44%
2001 2.59% -
2000 6.86% -
1999 -18.3% -
1998 -24% -
1997 -11.8% -
1996 -8.7% -
1995 -19.8% -
1994 -22.6% -
1993 -12.8% -
1992 -8.28% -
1991 -1.06% -
1990 -1.63% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Brunei's government deficit, the difference between spending and revenue, was $2.02B, equivalent to 13.4% of GDP. This compares to Montenegro's deficit of $334M, or 3.61% of GDP.

Over the past 24 years, Brunei recorded a fiscal deficit in 12 of those years, while Montenegro ran a deficit in 21 years. On average, Brunei posted an annual surplus equal to 1.92% of GDP, compared to deficit of 3.27% of GDP for Montenegro.

Inflation comparison by year

Inflation
Brunei

Montenegro
1x
Year Consumer prices inflation
Brunei Montenegro
2025 -0.3% 3.9%
2024 -0.39% 3.3%
2023 0.36% 8.6%
2022 3.68% 13%
2021 1.73% 2.4%
2020 1.94% -0.3%
2019 -0.39% 0.4%
2018 1.03% 2.6%
2017 -1.26% 2.4%
2016 -0.28% -0.3%
2015 -0.49% 1.5%
2014 -0.21% -0.7%
2013 0.39% 2.2%
2012 0.11% 4.1%
2011 0.14% 3.5%
2010 0.36% 0.4%
2009 1.04% 3.6%
2008 2.08% 9%
2007 0.97% 3.4%
2006 0.16% 2.1%
2005 1.24% 3.4%
2004 0.81% 3.1%
2003 0.3% 7.5%
2002 -2.31% 19.7%
2001 0.6% 23.7%
2000 1.56% 29.9%
1999 -0.42% -
1998 -0.44% -
1997 1.71% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2000–2025, retrieved 2026-07-08).

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

Over the past 26 years, Brunei has recorded an average annual inflation rate of 0.49%, compared with 5.86% in Montenegro. In 2025, inflation was -0.3% in Brunei and 3.9% in Montenegro.

Top exports between countries

Brunei
Export category Export value
Montenegro
Export category Export value
Textiles & consumer goods $1K

Balance of trade

Brunei Montenegro
Current account balance
$2.71B
2025
-$1.88B
2025
Current account balance ranking
40/190
2025
140/190
2025
Current account balance, % of GDP
+18%
2025
-20.4%
2025
Goods imports
$6.28B
2025
$4.91B
2025
Goods exports
$10.3B
2025
$663M
2025
Service imports
$1.54B
2025
$1.24B
2025
Service exports
$463M
2025
$3.07B
2025
Imports of goods and services, % of GDP
52%
2025
65.7%
2025
Exports of goods and services, % of GDP
71.6%
2025
40.1%
2025

Economic freedom indices

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

Brunei Montenegro
Economic freedom 67.5 63.8
Economic freedom ranking 55/197 78/197
Property rights 66.1 60.9
Government integrity 60.4 49.9
Judicial effectiveness 48.6 51.5
Tax burden 95 88.7
Government spending 75.6 47.6
Fiscal health 39 86.2
Business freedom 75.3 68.4
Labor freedom 75.1 59.4
Monetary freedom 74.8 75.2
Trade freedom 84.6 78.4
Investment freedom 65 50
Financial freedom 50 50

Economic freedom comparison by year

Brunei
Montenegro
1x
Year Economic freedom index
Brunei Montenegro
2026 67.5 63.8
2025 67 63.8
2024 65.9 59.7
2023 65.7 60.9
2022 64.8 57.8
2021 66.6 63.4
2020 66.6 61.5
2019 65.1 60.5
2018 64.2 64.3
2017 69.8 62
2016 67.3 64.9
2015 68.9 64.7
2014 69 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/brunei/montenegro | CC BY

The Economic Freedom Index for Brunei is 67.5, ranking 55/197, 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

Brunei Montenegro
Services, % of GDP
40.2%
2025
63.4%
2025
Industry, % of GDP
60%
2025
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.18%
2025
3.37%
2025
GNI, Atlas method
$16.2B
2025
$8.82B
2025
GNI per capita, PPP
$95,420
2025
$35,700
2025
Total reserves including gold
$5.49B
2025
$2.2B
2025
Total reserves ranking
100/177
2025
126/177
2025
Net foreign direct investment
-$157M
2025
-$601M
2025
Net inflows of foreign direct investment
$29.1M
2024
$599M
2024
Net outflows of foreign direct investment
$0
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI n/a
15%
2024
Poverty at national poverty lines n/a
20%
2023
Gross capital formation, % of GDP
27.1%
2025
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/brunei/montenegro | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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.