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Economy of Burundi vs Montenegro compared: GDP & Debt

Updated on by Georank team

Burundi has a GDP of $3.08B compared to $8.27B for Montenegro, ranking 169/197 and 155/197 by economy size, respectively.

Burundi has $1.6B in government debt (52% of GDP), compared to $5.02B (60.8% of GDP) in Montenegro.

Burundi vs Montenegro GDP by year

Burundi
Montenegro
1x
Year GDP, current $
Burundi Montenegro
2024 $3,082,433,067 $8,270,016,671
2023 $3,430,949,250 $7,644,389,160
2022 $4,036,192,553 $6,251,215,144
2021 $3,435,598,073 $5,823,715,810
2020 $3,227,847,281 $4,723,571,498
2019 $2,871,555,326 $5,483,476,883
2018 $2,913,411,408 $5,433,467,175
2017 $2,831,362,208 $4,803,962,016
2016 $2,618,093,125 $4,357,469,330
2015 $2,810,532,912 $4,010,885,991
2014 $2,705,826,648 $4,579,636,602
2013 $2,451,624,638 $4,422,097,763
2012 $2,327,402,363 $4,071,829,462
2011 $2,235,812,880 $4,507,126,949
2010 $2,032,135,192 $4,136,936,189
2009 $1,775,495,032 $4,142,640,317
2008 $1,611,835,857 $4,540,861,726
2007 $1,356,199,387 $3,677,910,895
2006 $1,273,375,078 $2,717,702,923
2005 $1,117,113,080 $2,257,174,481
2004 $915,257,323 $2,073,234,418
2003 $784,654,424 $1,707,710,053
2002 $825,394,519 $1,284,685,051
2001 $876,794,723 $1,159,869,246
2000 $870,486,066 $984,293,044
1999 $808,077,223 $828,950,327
1998 $893,770,740 $854,261,161
1997 $972,896,268 $838,288,806
1996 $869,033,856 -
1995 $1,000,428,394 -
1994 $925,030,590 -
1993 $938,632,612 -
1992 $1,083,037,671 -
1991 $1,167,398,478 -
1990 $1,132,101,253 -
1989 $1,113,924,130 -
1988 $1,082,403,219 -
1987 $1,131,466,494 -
1986 $1,201,725,497 -
1985 $1,149,979,286 -
1984 $987,143,931 -
1983 $1,082,926,304 -
1982 $1,013,222,222 -
1981 $969,046,667 -
1980 $919,726,667 -
1979 $782,496,667 -
1978 $610,225,556 -
1977 $547,535,556 -
1976 $448,412,754 -
1975 $420,986,667 -
1974 $345,263,492 -
1973 $304,339,524 -
1972 $246,804,571 -
1971 $252,842,286 -
1970 $242,732,571 -
1969 $190,205,714 -
1968 $183,200,000 -
1967 $178,297,143 -
1966 $165,444,571 -
1965 $158,994,963 -
1964 $260,750,008 -
1963 $232,749,998 -
1962 $213,500,006 -
1961 $202,999,992 -
1960 $195,999,990 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Burundi vs Montenegro by year

Burundi
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burundi Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $219.4 $1,195 $13,263 $34,063
2023 $250.6 $1,150 $12,260 $31,863
2022 $303 $1,105 $10,025 $28,050
2021 $265 $1,036 $9,317 $23,690
2020 $255.8 $958 $7,539 $20,625
2019 $234.3 $868 $8,749 $23,706
2018 $245.7 $823 $8,674 $21,084
2017 $246.1 $791 $7,674 $19,357
2016 $232.9 $764 $6,968 $18,030
2015 $254.4 $722 $6,421 $16,092
2014 $250.5 $724 $7,342 $15,276
2013 $234.8 $687 $7,103 $14,692
2012 $231.1 $637 $6,552 $13,793
2011 $230.1 $629 $7,266 $14,347
2010 $216.7 $614 $6,679 $13,612
2009 $198.4 $605 $6,700 $12,976
2008 $189.5 $609 $7,360 $13,802
2007 $166.2 $594 $5,972 $12,452
2006 $161.9 $580 $4,419 $10,440
2005 $147.2 $553 $3,675 $8,314
2004 $125.2 $552 $3,380 $7,841
2003 $111.4 $532 $2,789 $7,340
2002 $121 $545 $2,107 $7,100
2001 $132.2 $528 $1,910 $6,772
2000 $134.5 $519 $1,627 $6,004
1999 $127.5 $523 $1,368 $5,684
1998 $144.5 $533 $1,406 $6,170
1997 $160.3 $513 $1,375 $5,798
1996 $143.2 $513 - -
1995 $164.9 $548 - -
1994 $161.9 $619 - -
1993 $165.3 $634 - -
1992 $184.9 $640 - -
1991 $204.7 $636 - -
1990 $202.6 $598 - -
1989 $203.6 - - -
1988 $201.7 - - -
1987 $215.6 - - -
1986 $234.3 - - -
1985 $228.4 - - -
1984 $200.4 - - -
1983 $225.2 - - -
1982 $216.4 - - -
1981 $212.2 - - -
1980 $209.8 - - -
1979 $186.2 - - -
1978 $148.8 - - -
1977 $137.4 - - -
1976 $115.5 - - -
1975 $110.9 - - -
1974 $93.2 - - -
1973 $84.3 - - -
1972 $68.2 - - -
1971 $69.9 - - -
1970 $68.8 - - -
1969 $55.1 - - -
1968 $54.2 - - -
1967 $54 - - -
1966 $51.4 - - -
1965 $50.6 - - -
1964 $85.3 - - -
1963 $78.4 - - -
1962 $73.4 - - -
1961 $71.6 - - -
1960 $70.9 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Burundi's GDP per capita is $219.4, ranking 197/197, compared to $13,263 in Montenegro, ranking 77/197. Adjusted for purchasing power (GDP per capita PPP), Burundi ranks 196th at $1,195, while Montenegro ranks 65th at $34,063.

Economic indicators

Burundi Montenegro
Gross domestic product
$3.08B
2024
$8.27B
2024
GDP rank
169/197
2024
155/197
2024
GDP growth
4.11%
2023-2024
3.16%
2023-2024
GDP per capita
$219.4
2024
$13,263
2024
GDP per capita rank
197/197
2024
77/197
2024
GDP per capita, PPP
$1,195
2024
$34,063
2024
GDP per capita PPP rank
196/197
2024
65/197
2024
Government debt
$1.6B
2024
$5.02B
2024
Debt-to-GDP ratio
52%
2024
60.8%
2024
Government debt per person
$114.1
2024
$8,058
2024
Government debt per person rank
184/185
2024
64/185
2024
Average annual personal income after taxes
$1,228
2026
$11,119
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Income share by richest 10%
29.9%
2020
24.7%
2021
Income share by poorest 10%
2.9%
2020
2.1%
2021
Government expenditure, % of GDP
22.3%
2024
43.5%
2024
Consumer prices inflation
20.2%
2023-2024
3.3%
2023-2024
Unemployment rate
1.03%
2020
13.1%
2023
Population
14833763
612312

Spending and national debt comparison by year

Burundi
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Burundi Montenegro
Government spending Government debt Government spending Government debt
2024 22.3% 52% 43.5% 60.8%
2023 28.4% 58.1% 39.7% 59.6%
2022 33.5% 68.5% 42.2% 70.3%
2021 28.4% 66.5% 45.1% 86.2%
2020 29.2% 65.9% 54.9% 108.4%
2019 28.8% 60.1% 44.4% 79.6%
2018 26% 53% 47.8% 72.9%
2017 24.1% 46.9% 47.6% 66.9%
2016 22.6% 46.1% 47.7% 66.7%
2015 23.2% 39.9% 46.9% 69.5%
2014 28.5% 38% 44.3% 63.6%
2013 34.8% 37.9% 46.3% 59.2%
2012 37.5% 41.4% 45.9% 57.1%
2011 42.2% 42.7% 45.7% 49%
2010 40.8% 46.9% 46.7% 45.1%
2009 38% 25.7% 51.5% 43.9%
2008 41.2% 102.5% 51.2% 34.2%
2007 39% 129.6% 43.9% 31.8%
2006 36.5% 130.3% 42.6% 36.7%
2005 33.1% 137% 38.2% 38.6%
2004 39.2% 166.1% 40% 45.4%
2003 33.9% 159.9% 43.3% 48.6%
2002 21.9% 144.8% 37.5% 85.7%
2001 22.7% 113.6% - -
2000 21.7% 120% - -
1999 20.5% 140.6% - -
1998 19.9% 138.9% - -
1997 18.8% 122.8% - -
1996 24.4% 139.4% - -
1995 22.1% 117.1% - -
1994 19.4% 119.6% - -
1993 24% 112% - -
1992 26.1% 93.5% - -
1991 19.2% - - -
1990 17.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1999, retrieved 2026-02-20).

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

In 2024, Burundi's government spending was $689M, accounting for 22.3% of its GDP, while Montenegro spent $3.6B, or 43.5% of GDP.

Debt-to-GDP ratio is 52% in Burundi and 60.8% in Montenegro, ranking 101/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Burundi

Montenegro
1x
Year Deficit/surplus, % of GDP
Burundi Montenegro
2024 -4.84% -2.81%
2023 -7.7% 0.85%
2022 -10.7% -4.07%
2021 -4.6% -1.72%
2020 -6.58% -11%
2019 -6.4% -1.74%
2018 -6.66% -6.3%
2017 -5.01% -6.89%
2016 -7.11% -6.21%
2015 -7.56% -6.03%
2014 -3.93% -0.7%
2013 -1.9% -4.54%
2012 -3.79% -5.87%
2011 -3.49% -6.79%
2010 -3.64% -4.88%
2009 -5.14% -6.74%
2008 -2.7% -2.3%
2007 -2.51% 8.44%
2006 -9.92% 4.34%
2005 -10.6% -1.42%
2004 -14.9% -2.45%
2003 -13.7% -4.06%
2002 -4.9% -1.44%
2001 -7.78% -
2000 -5.66% -
1999 -5.33% -
1998 -4.43% -
1997 -4.48% -
1996 -8.61% -
1995 -3.72% -
1994 -1.76% -
1993 -1.22% -
1992 -4.16% -
1991 4.14% -
1990 8.14% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Burundi's government deficit, the difference between spending and revenue, was $149M, equivalent to 4.84% of GDP. This compares to Montenegro's deficit of $232M, or 2.81% of GDP.

Over the past 23 years, Burundi recorded a fiscal deficit in 23 of those years, while Montenegro ran a deficit in 20 years. On average, Burundi posted an annual deficit equal to 6.45% of GDP, compared to deficit of 3.23% of GDP for Montenegro.

Inflation comparison by year

Inflation
Burundi

Montenegro
1x
Year Consumer prices inflation
Burundi Montenegro
2024 20.2% 3.3%
2023 26.9% 8.6%
2022 18.8% 13%
2021 8.4% 2.4%
2020 7.32% -0.3%
2019 -0.69% 0.4%
2018 -2.81% 2.6%
2017 16.1% 2.4%
2016 5.56% -0.3%
2015 5.54% 1.5%
2014 4.41% -0.7%
2013 7.94% 2.2%
2012 18.2% 4.1%
2011 9.59% 3.5%
2010 6.49% 0.4%
2009 10.6% 3.6%
2008 24.4% 9%
2007 8.41% 3.4%
2006 2.75% 2.1%
2005 13.3% 3.4%
2004 8.18% 3.1%
2003 10.6% 7.5%
2002 -1.37% 19.7%
2001 9.3% 23.7%
2000 24.4% 29.9%
1999 3.39% -
1998 12.5% -
1997 31.1% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2000–2024, retrieved 2026-02-20).

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

Over the past 25 years, Burundi has recorded an average annual inflation rate of 10.5%, compared with 5.94% in Montenegro. In 2024, inflation was 20.2% in Burundi and 3.3% in Montenegro.

Top exports between countries

Burundi
Export category Export value
Montenegro
Export category Export value
Machinery & equipment $56K

Balance of trade

Burundi Montenegro
Current account balance
-$475M
2024
-$1.4B
2024
Current account balance ranking
105/190
2024
131/190
2024
Current account balance, % of GDP
-15.4%
2024
-17%
2024
Goods imports
$959M
2024
$4.29B
2024
Goods exports
$230M
2024
$714M
2024
Service imports
$361M
2024
$1.19B
2024
Service exports
$121M
2024
$2.92B
2024
Imports of goods and services, % of GDP
24.4%
2023
66.2%
2024
Exports of goods and services, % of GDP
5.29%
2023
43.7%
2024

Economic freedom indices

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

Burundi Montenegro
Economic freedom 40.2 63.8
Economic freedom ranking 187/197 78/197
Property rights 27.2 60.9
Government integrity 15.5 49.9
Judicial effectiveness 7.5 51.5
Tax burden 76.1 88.7
Government spending 76.3 47.6
Fiscal health 14.6 86.2
Business freedom 27.2 68.4
Labor freedom 49.9 59.4
Monetary freedom 55.5 75.2
Trade freedom 52.2 78.4
Investment freedom 50 50
Financial freedom 30 50

Economic freedom comparison by year

Burundi
Montenegro
1x
Year Economic freedom index
Burundi Montenegro
2026 40.2 63.8
2025 39.7 63.8
2024 38.4 59.7
2023 41.9 60.9
2022 39.4 57.8
2021 49.9 63.4
2020 49 61.5
2019 48.9 60.5
2018 50.9 64.3
2017 53.2 62
2016 53.9 64.9
2015 53.7 64.7
2014 51.4 63.6
2013 49 62.6
2012 48.1 62.5
2011 49.6 62.5
2010 47.5 63.6
2009 48.8 58.2
2008 46.2 -
2007 46.9 -
2006 48.7 -
2005 - -
2004 - -
2003 - 43.5
2002 - 46.6
2001 - -
2000 42.6 -
1999 41.1 -
1998 44.7 -
1997 45.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Burundi is 40.2, ranking 187/197, 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

Burundi Montenegro
Services, % of GDP
43.2%
2024
63.8%
2024
Industry, % of GDP
17.7%
2024
12.2%
2024
Agriculture, forestry, and fishing, % of GDP
34.9%
2024
3.49%
2024
GNI, Atlas method
$3.61B
2024
$7.61B
2024
GNI per capita, PPP
$1,200
2024
$33,970
2024
Total reserves including gold
$90.3M
2023
$1.74B
2024
Total reserves ranking
174/177
2023
130/177
2024
Net foreign direct investment
-$24.8M
2024
-$532M
2024
Net inflows of foreign direct investment
$33.3M
2024
$599M
2024
Net outflows of foreign direct investment
$8.51M
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI
1.16%
2024
15%
2024
Poverty at national poverty lines
51%
2020
20%
2023
Gross capital formation, % of GDP
10%
2023
25.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1992–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, retrieved 2026-02-08)

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.