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Economy of China vs Montenegro compared: GDP & Debt

Updated on by Georank

China has a GDP of $19.5T compared to $9.23B for Montenegro, ranking 2/197 and 155/197 by economy size, respectively.

China has $19.3T in government debt (99.2% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

China vs Montenegro GDP by year

China
Montenegro
1x
Year GDP, current $
China Montenegro
2025 $19,498,039,388,043 $9,232,801,465
2024 $18,729,668,435,848 $8,274,290,506
2023 $18,270,356,654,533 $7,643,318,276
2022 $18,316,765,021,690 $6,259,721,790
2021 $18,201,698,719,564 $5,822,908,964
2020 $14,996,414,166,715 $4,734,192,593
2019 $14,560,167,101,283 $5,483,622,632
2018 $14,147,765,772,964 $5,433,469,311
2017 $12,537,559,062,283 $4,803,964,684
2016 $11,456,024,084,962 $4,357,467,226
2015 $11,280,814,787,469 $4,010,884,107
2014 $10,674,533,168,257 $4,579,635,404
2013 $9,743,124,247,267 $4,422,097,042
2012 $8,673,664,713,189 $4,071,828,832
2011 $7,671,757,207,851 $4,507,127,585
2010 $6,192,564,874,453 $4,136,936,244
2009 $5,189,577,094,998 $4,159,063,347
2008 $4,667,346,414,522 $4,559,410,049
2007 $3,604,055,822,572 $3,682,586,459
2006 $2,791,498,472,804 $2,719,979,875
2005 $2,317,551,298,052 $2,258,016,380
2004 $1,984,196,551,300 $2,077,046,942
2003 $1,683,903,309,844 $1,708,196,981
2002 $1,489,821,682,051 $1,286,314,054
2001 $1,355,036,590,252 $1,159,869,246
2000 $1,223,754,919,971 $984,293,044
1999 $1,103,843,203,576 $828,950,327
1998 $1,037,134,141,760 $854,261,161
1997 $967,753,570,435 $838,288,806
1996 $868,523,936,530 -
1995 $738,190,896,228 -
1994 $566,929,539,493 -
1993 $446,557,291,212 -
1992 $428,502,354,788 -
1991 $384,510,452,962 -
1990 $361,560,229,446 -
1989 $348,380,566,802 -
1988 $312,888,888,889 -
1987 $273,455,156,951 -
1986 $301,310,144,928 -
1985 $310,064,625,850 -
1984 $260,442,857,143 -
1983 $231,130,268,199 -
1982 $205,480,916,031 -
1981 $196,218,253,968 -
1980 $191,487,500,000 -
1979 $178,573,913,043 -
1978 $149,788,617,886 -
1977 $175,226,595,860 -
1976 $154,196,810,059 -
1975 $163,687,619,736 -
1974 $144,418,433,058 -
1973 $138,764,340,892 -
1972 $113,871,930,714 -
1971 $99,959,013,880 -
1970 $92,752,930,873 -
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in China vs Montenegro by year

China
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,862 - $14,817 -
2024 $13,293 $27,105 $13,270 $34,063
2023 $12,951 $25,179 $12,258 $31,863
2022 $12,971 $23,032 $10,038 $28,050
2021 $12,887 $20,843 $9,316 $23,690
2020 $10,627 $18,267 $7,555 $20,625
2019 $10,343 $17,601 $8,749 $23,706
2018 $10,086 $16,298 $8,674 $21,084
2017 $8,980 $15,022 $7,674 $19,357
2016 $8,255 $14,157 $6,968 $18,030
2015 $8,175 $13,463 $6,421 $16,092
2014 $7,781 $12,942 $7,342 $15,276
2013 $7,147 $12,228 $7,103 $14,692
2012 $6,405 $11,420 $6,552 $13,793
2011 $5,704 $10,457 $7,266 $14,347
2010 $4,629 $9,411 $6,679 $13,612
2009 $3,898 $8,448 $6,727 $12,976
2008 $3,523 $7,713 $7,390 $13,802
2007 $2,735 $6,935 $5,979 $12,452
2006 $2,129 $5,946 $4,423 $10,440
2005 $1,778 $5,148 $3,676 $8,314
2004 $1,531 $4,505 $3,386 $7,841
2003 $1,307 $4,007 $2,790 $7,340
2002 $1,164 $3,591 $2,109 $7,100
2001 $1,065 $3,258 $1,910 $6,772
2000 $969 $2,964 $1,627 $6,004
1999 $881 $2,690 $1,368 $5,684
1998 $835 $2,483 $1,406 $6,170
1997 $787 $2,297 $1,375 $5,798
1996 $713 $2,088 - -
1995 $613 $1,884 - -
1994 $476 $1,680 - -
1993 $379 $1,471 - -
1992 $368 $1,276 - -
1991 $334 $1,105 - -
1990 $319 $991 - -
1989 $311 - - -
1988 $284 - - -
1987 $252.3 - - -
1986 $282.4 - - -
1985 $295 - - -
1984 $251.2 - - -
1983 $225.9 - - -
1982 $203.7 - - -
1981 $197.4 - - -
1980 $195.1 - - -
1979 $184.3 - - -
1978 $156.7 - - -
1977 $185.7 - - -
1976 $165.7 - - -
1975 $178.6 - - -
1974 $160.4 - - -
1973 $157.3 - - -
1972 $132.1 - - -
1971 $118.8 - - -
1970 $113.3 - - -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

China's GDP per capita is $13,862, ranking 77/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Montenegro ranks 65th at $34,063.

Economic indicators

China Montenegro
Gross domestic product
$19.5T
2025
$9.23B
2025
GDP rank
2/197
2025
155/197
2025
GDP growth
4.96%
2024-2025
2.74%
2024-2025
GDP per capita
$13,862
2025
$14,817
2025
GDP per capita rank
77/197
2025
71/197
2025
GDP per capita, PPP
$27,105
2024
$34,063
2024
GDP per capita PPP rank
77/197
2024
65/197
2024
Government debt
$19.3T
2025
$6.19B
2025
Debt-to-GDP ratio
99.2%
2025
67.1%
2025
Government debt per person
$13,756
2025
$9,942
2025
Government debt per person rank
47/185
2025
61/185
2025
Average annual personal income after taxes
$10,414
2026
$12,768
2026
Market capitalization of domestic companies
$15.5T
2025
$3.79B
2012
Number of millionaires
5,305,000
2026
n/a
Number of billionaires
539
2026
n/a
Income share by richest 10%
28.4%
2022
24.7%
2021
Income share by poorest 10%
3.1%
2022
2.1%
2021
Government expenditure, % of GDP
32.9%
2025
43.9%
2025
Consumer prices inflation
0%
2024-2025
3.9%
2024-2025
Central bank interest rate
3%
2025
n/a
Unemployment rate
4.57%
2022
11.5%
2024
Population
1403335670
613759

Spending and national debt comparison by year

China
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
China Montenegro
Government spending Government debt Government spending Government debt
2025 32.9% 99.2% 43.9% 67.1%
2024 32.9% 90.4% 44.1% 60.8%
2023 32.7% 84.1% 40.4% 59.6%
2022 32.6% 77.3% 42.2% 70.3%
2021 31.9% 72.1% 45.1% 86.2%
2020 34.8% 70.1% 54.9% 108.4%
2019 33.6% 59.8% 44.4% 79.6%
2018 32.6% 55.9% 47.8% 72.9%
2017 32% 53.9% 47.6% 66.9%
2016 31.7% 50% 47.7% 66.7%
2015 31% 40.8% 46.9% 69.5%
2014 28.4% 39.3% 44.3% 63.6%
2013 28.1% 36.4% 46.3% 59.2%
2012 27.7% 33.8% 45.9% 57.1%
2011 26.6% 33.2% 45.7% 49%
2010 24.7% 33.3% 46.7% 45.1%
2009 25.2% 34% 51.5% 43.9%
2008 22.2% 26.7% 51.2% 34.2%
2007 17.9% 28.7% 43.9% 31.8%
2006 18.1% 25.2% 42.6% 36.7%
2005 18% 25.9% 38.2% 38.6%
2004 17.6% 26% 40% 45.4%
2003 18% 26.4% 43.3% 48.6%
2002 18.2% 25.6% 37.5% 85.7%
2001 17.2% 24.3% - -
2000 16.1% 22.7% - -
1999 14.9% 21.6% - -
1998 12.6% 20.4% - -
1997 11.5% 20.4% - -
1996 11% 21.2% - -
1995 11.1% 21.4% - -
1994 12.4% - - -
1993 13.4% - - -
1992 14.6% - - -
1991 16.5% - - -
1990 18.2% - - -
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, China's government spending was $6.41T, accounting for 32.9% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 99.2% in China and 67.1% in Montenegro, ranking 26/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
China

Montenegro
1x
Year Deficit/surplus, % of GDP
China Montenegro
2025 -7.87% -3.61%
2024 -7.11% -3.44%
2023 -6.71% 0.38%
2022 -7.32% -4.05%
2021 -5.9% -1.37%
2020 -9.56% -10.9%
2019 -6% -1.74%
2018 -4.2% -6.3%
2017 -3.34% -6.89%
2016 -3.33% -6.21%
2015 -2.5% -6.03%
2014 -0.67% -0.7%
2013 -0.82% -4.54%
2012 -0.3% -5.87%
2011 -0.1% -6.79%
2010 -0.36% -4.88%
2009 -1.72% -6.74%
2008 -0.02% -2.3%
2007 0.06% 8.44%
2006 -1.13% 4.34%
2005 -1.38% -1.42%
2004 -1.49% -2.45%
2003 -2.36% -4.06%
2002 -2.84% -1.44%
2001 -2.56% -
2000 -2.81% -
1999 -2.3% -
1998 -1.08% -
1997 -0.73% -
1996 -0.73% -
1995 -0.94% -
1994 -1.68% -
1993 -0.89% -
1992 -1.22% -
1991 -1.04% -
1990 -0.72% -
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, China's government deficit, the difference between spending and revenue, was $1.53T, equivalent to 7.87% of GDP. This compares to Montenegro's deficit of $334M, or 3.61% of GDP.

Over the past 24 years, China recorded a fiscal deficit in 23 of those years, while Montenegro ran a deficit in 21 years. On average, China posted an annual deficit equal to 3.21% of GDP, compared to deficit of 3.27% of GDP for Montenegro.

Inflation comparison by year

Inflation
China

Montenegro
1x
Year Consumer prices inflation
China Montenegro
2025 0% 3.9%
2024 0.2% 3.3%
2023 0.2% 8.6%
2022 2% 13%
2021 0.9% 2.4%
2020 2.5% -0.3%
2019 2.9% 0.4%
2018 2.1% 2.6%
2017 1.6% 2.4%
2016 2% -0.3%
2015 1.4% 1.5%
2014 2% -0.7%
2013 2.6% 2.2%
2012 2.6% 4.1%
2011 5.4% 3.5%
2010 3.3% 0.4%
2009 -0.7% 3.6%
2008 5.8% 9%
2007 4.8% 3.4%
2006 1.5% 2.1%
2005 1.8% 3.4%
2004 3.9% 3.1%
2003 1.2% 7.5%
2002 -0.8% 19.7%
2001 0.7% 23.7%
2000 0.4% 29.9%
1999 -1.4% -
1998 -0.8% -
1997 2.8% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 26 years, China has recorded an average annual inflation rate of 1.93%, compared with 5.86% in Montenegro. In 2025, inflation was 0% in China and 3.9% in Montenegro.

Top exports between countries

China
Export category Export value
Machinery & equipment $60M
Textiles & consumer goods $40.3M
Chemicals & pharma $22.9M
Metals $22.6M
Raw materials & minerals $7.01M
Wood & paper products $5.29M
Processed food, beverages & tobacco $2.95M
Raw agricultural goods $2.43M
Miscellaneous $2.29M
Animal & marine products $772K
Montenegro
Export category Export value
Raw materials & minerals $20.8M
Transport & tourism services $8.96M
Machinery & equipment $1.63M
Business & finance services $1.08M
IT & IP services $1.08M
Processed food, beverages & tobacco $646K
Wood & paper products $398K
Precious metals & jewellery $75K
Textiles & consumer goods $43K
Chemicals & pharma $20K

Balance of trade

China Montenegro
Current account balance
$735B
2025
-$1.88B
2025
Current account balance ranking
1/190
2025
140/190
2025
Current account balance, % of GDP
+3.77%
2025
-20.4%
2025
Goods imports
$2.69T
2025
$4.91B
2025
Goods exports
$3.75T
2025
$663M
2025
Service imports
$623B
2025
$1.24B
2025
Service exports
$385B
2025
$3.07B
2025
Imports of goods and services, % of GDP
16.9%
2025
65.7%
2025
Exports of goods and services, % of GDP
21.1%
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.

China Montenegro
Economic freedom 48.3 63.8
Economic freedom ranking 170/197 78/197
Property rights 40.9 60.9
Government integrity 42.3 49.9
Judicial effectiveness 38.6 51.5
Tax burden 69.3 88.7
Government spending 67.8 47.6
Fiscal health 4.4 86.2
Business freedom 68.7 68.4
Labor freedom 57.9 59.4
Monetary freedom 76.1 75.2
Trade freedom 73.4 78.4
Investment freedom 20 50
Financial freedom 20 50

Economic freedom comparison by year

China
Montenegro
1x
Year Economic freedom index
China Montenegro
2026 48.3 63.8
2025 49 63.8
2024 48.5 59.7
2023 48.3 60.9
2022 48 57.8
2021 58.4 63.4
2020 59.5 61.5
2019 58.4 60.5
2018 57.8 64.3
2017 57.4 62
2016 52 64.9
2015 52.7 64.7
2014 52.5 63.6
2013 51.9 62.6
2012 51.2 62.5
2011 52 62.5
2010 51 63.6
2009 53.2 58.2
2008 53.1 -
2007 52 -
2006 53.6 -
2005 53.7 -
2004 52.5 -
2003 52.6 43.5
2002 52.8 46.6
2001 52.6 -
2000 56.4 -
1999 54.8 -
1998 53.1 -
1997 51.7 -
1996 51.3 -
1995 52 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for China is 48.3, ranking 170/197, 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

China Montenegro
Services, % of GDP
57.7%
2025
63.4%
2025
Industry, % of GDP
35.6%
2025
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
6.66%
2025
3.37%
2025
GNI, Atlas method
$20T
2025
$8.82B
2025
GNI per capita, PPP
$29,160
2025
$35,700
2025
Total reserves including gold
$3.75T
2025
$2.2B
2025
Total reserves ranking
1/177
2025
126/177
2025
Net foreign direct investment
$77.2B
2025
-$601M
2025
Net inflows of foreign direct investment
$42.6B
2024
$599M
2024
Net outflows of foreign direct investment
$192B
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI
1.9%
2024
15%
2024
Poverty at national poverty lines
0%
2020
20%
2023
Gross capital formation, % of GDP
40.5%
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/china/montenegro | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08)
  6. TradeMap (2019–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.