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Economy of Czech Republic vs Montenegro compared: GDP & Debt

Updated on by Georank

The Czech Republic has a GDP of $391B compared to $9.23B for Montenegro, ranking 42/197 and 155/197 by economy size, respectively.

The Czech Republic has $174B in government debt (44.6% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

Czech Republic vs Montenegro GDP by year

Czech Republic
Montenegro
1x
Year GDP, current $
Czech Republic Montenegro
2025 $391,026,962,800 $9,232,801,465
2024 $347,082,562,221 $8,274,290,506
2023 $345,059,295,660 $7,643,318,276
2022 $301,831,228,326 $6,259,721,790
2021 $290,972,714,482 $5,822,908,964
2020 $251,109,660,603 $4,734,192,593
2019 $256,794,209,029 $5,483,622,632
2018 $251,992,360,762 $5,433,469,311
2017 $221,563,575,696 $4,803,964,684
2016 $198,160,659,304 $4,357,467,226
2015 $189,107,698,562 $4,010,884,107
2014 $210,911,285,078 $4,579,635,404
2013 $213,024,360,541 $4,422,097,042
2012 $210,363,223,088 $4,071,828,832
2011 $231,429,378,717 $4,507,127,585
2010 $211,168,667,286 $4,136,936,244
2009 $206,971,882,705 $4,159,063,347
2008 $236,506,264,754 $4,559,410,049
2007 $190,040,702,287 $3,682,586,459
2006 $156,236,258,387 $2,719,979,875
2005 $137,264,185,596 $2,258,016,380
2004 $120,147,899,984 $2,077,046,942
2003 $100,435,924,705 $1,708,196,981
2002 $82,607,869,610 $1,286,314,054
2001 $68,135,304,464 $1,159,869,246
2000 $62,175,642,238 $984,293,044
1999 $65,586,562,605 $828,950,327
1998 $67,187,217,328 $854,261,161
1997 $62,539,765,163 $838,288,806
1996 $67,804,105,330 -
1995 $60,572,381,311 -
1994 $48,188,478,339 -
1993 $41,155,654,032 -
1992 $35,051,065,440 -
1991 $30,071,014,282 -
1990 $41,016,881,802 -

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/montenegro | CC BY

GDP per capita in Czech Republic vs Montenegro by year

Czech Republic
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,917 - $14,817 -
2024 $31,828 $57,285 $13,270 $34,063
2023 $31,762 $55,761 $12,258 $31,863
2022 $28,282 $52,947 $10,038 $28,050
2021 $27,696 $47,796 $9,316 $23,690
2020 $23,473 $44,839 $7,555 $20,625
2019 $24,063 $45,614 $8,749 $23,706
2018 $23,706 $41,638 $8,674 $21,084
2017 $20,913 $39,346 $7,674 $19,357
2016 $18,754 $36,445 $6,968 $18,030
2015 $17,932 $34,093 $6,421 $16,092
2014 $20,038 $32,743 $7,342 $15,276
2013 $20,260 $31,013 $7,103 $14,692
2012 $20,014 $29,466 $6,552 $13,793
2011 $22,049 $29,237 $7,266 $14,347
2010 $20,160 $28,154 $6,679 $13,612
2009 $19,817 $27,713 $6,727 $12,976
2008 $22,775 $27,938 $7,390 $13,802
2007 $18,453 $26,268 $5,979 $12,452
2006 $15,259 $23,914 $4,423 $10,440
2005 $13,442 $22,115 $3,676 $8,314
2004 $11,783 $20,988 $3,386 $7,841
2003 $9,852 $19,604 $2,790 $7,340
2002 $8,101 $18,344 $2,109 $7,100
2001 $6,669 $17,709 $1,910 $6,772
2000 $6,063 $16,332 $1,627 $6,004
1999 $6,378 $15,494 $1,368 $5,684
1998 $6,527 $15,064 $1,406 $6,170
1997 $6,069 $14,911 $1,375 $5,798
1996 $6,573 $14,781 - -
1995 $5,865 $13,957 - -
1994 $4,663 $12,862 - -
1993 $3,984 $12,242 - -
1992 $3,397 $11,963 - -
1991 $2,917 $11,768 - -
1990 $3,969 $12,848 - -

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/montenegro | CC BY

The Czech Republic's GDP per capita is $35,917, ranking 35/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Montenegro ranks 65th at $34,063.

Economic indicators

Czech Republic Montenegro
Gross domestic product
$391B
2025
$9.23B
2025
GDP rank
42/197
2025
155/197
2025
GDP growth
2.58%
2024-2025
2.74%
2024-2025
GDP per capita
$35,917
2025
$14,817
2025
GDP per capita rank
35/197
2025
71/197
2025
GDP per capita, PPP
$57,285
2024
$34,063
2024
GDP per capita PPP rank
35/197
2024
65/197
2024
Government debt
$174B
2025
$6.19B
2025
Debt-to-GDP ratio
44.6%
2025
67.1%
2025
Government debt per person
$16,026
2025
$9,942
2025
Government debt per person rank
42/185
2025
61/185
2025
Average annual personal income after taxes
$22,312
2026
$12,768
2026
Market capitalization of domestic companies
$55.4B
2025
$3.79B
2012
Number of billionaires
11
2026
n/a
Income share by richest 10%
21.5%
2023
24.7%
2021
Income share by poorest 10%
3.8%
2023
2.1%
2021
Government expenditure, % of GDP
43.5%
2025
43.9%
2025
Consumer prices inflation
2.46%
2024-2025
3.9%
2024-2025
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.8%
2025
11.5%
2024
Population
10742283
613759

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Czech Republic Montenegro
Government spending Government debt Government spending Government debt
2025 43.5% 44.6% 43.9% 67.1%
2024 42.9% 43.3% 44.1% 60.8%
2023 43.7% 42.2% 40.4% 59.6%
2022 43% 42.5% 42.2% 70.3%
2021 45% 40.7% 45.1% 86.2%
2020 46.3% 36.9% 54.9% 108.4%
2019 40.4% 29.6% 44.4% 79.6%
2018 40.1% 31.7% 47.8% 72.9%
2017 38.5% 33.8% 47.6% 66.9%
2016 39.4% 36.2% 47.7% 66.7%
2015 41.7% 39.5% 46.9% 69.5%
2014 42.3% 41.5% 44.3% 63.6%
2013 42.4% 44.1% 46.3% 59.2%
2012 44.4% 43.8% 45.9% 57.1%
2011 42.8% 39.4% 45.7% 49%
2010 43.2% 36.7% 46.7% 45.1%
2009 44.5% 33.4% 51.5% 43.9%
2008 40.9% 28.2% 51.2% 34.2%
2007 40.5% 27.3% 43.9% 31.8%
2006 41.5% 27.6% 42.6% 36.7%
2005 42.3% 27.7% 38.2% 38.6%
2004 42.2% 28.3% 40% 45.4%
2003 49% 28.1% 43.3% 48.6%
2002 44.4% 25.7% 37.5% 85.7%
2001 43.1% 22.6% - -
2000 40.6% 16.9% - -
1999 40.9% 15.1% - -
1998 41.6% 13.9% - -
1997 41.3% 12.1% - -
1996 41.4% 11.5% - -
1995 52.8% 13.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/montenegro | CC BY

In 2025, the Czech Republic's government spending was $170B, accounting for 43.5% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 44.6% in the Czech Republic and 67.1% in Montenegro, ranking 119/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Montenegro
1x
Year Deficit/surplus, % of GDP
Czech Republic Montenegro
2025 -2.03% -3.61%
2024 -2.03% -3.44%
2023 -3.73% 0.38%
2022 -3.07% -4.05%
2021 -4.95% -1.37%
2020 -5.65% -10.9%
2019 0.28% -1.74%
2018 0.88% -6.3%
2017 1.46% -6.89%
2016 0.68% -6.21%
2015 -0.67% -6.03%
2014 -2.09% -0.7%
2013 -1.3% -4.54%
2012 -3.92% -5.87%
2011 -2.71% -6.79%
2010 -4.14% -4.88%
2009 -5.46% -6.74%
2008 -2% -2.3%
2007 -0.68% 8.44%
2006 -2.19% 4.34%
2005 -3.06% -1.42%
2004 -2.4% -2.45%
2003 -6.87% -4.06%
2002 -6.34% -1.44%
2001 -5.76% -
2000 -3.55% -
1999 -3.08% -
1998 -4.14% -
1997 -3.14% -
1996 -2.98% -
1995 -12.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/czech-republic/montenegro | CC BY

In 2025, the Czech Republic's government deficit, the difference between spending and revenue, was $7.92B, equivalent to 2.03% of GDP. This compares to Montenegro's deficit of $334M, or 3.61% of GDP.

Over the past 24 years, the Czech Republic recorded a fiscal deficit in 20 of those years, while Montenegro ran a deficit in 21 years. On average, the Czech Republic posted an annual deficit equal to 2.58% of GDP, compared to deficit of 3.27% of GDP for Montenegro.

Inflation comparison by year

Inflation
Czech Republic

Montenegro
1x
Year Consumer prices inflation
Czech Republic Montenegro
2025 2.46% 3.9%
2024 2.44% 3.3%
2023 10.7% 8.6%
2022 15.1% 13%
2021 3.84% 2.4%
2020 3.16% -0.3%
2019 2.85% 0.4%
2018 2.15% 2.6%
2017 2.45% 2.4%
2016 0.68% -0.3%
2015 0.31% 1.5%
2014 0.34% -0.7%
2013 1.44% 2.2%
2012 3.29% 4.1%
2011 1.92% 3.5%
2010 1.47% 0.4%
2009 1.02% 3.6%
2008 6.36% 9%
2007 2.85% 3.4%
2006 2.53% 2.1%
2005 1.86% 3.4%
2004 2.76% 3.1%
2003 0.12% 7.5%
2002 1.9% 19.7%
2001 4.66% 23.7%
2000 3.78% 29.9%
1999 2.14% -
1998 10.7% -
1997 8.6% -

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/czech-republic/montenegro | CC BY

Over the past 26 years, the Czech Republic has recorded an average annual inflation rate of 3.17%, compared with 5.86% in Montenegro. In 2025, inflation was 2.46% in the Czech Republic and 3.9% in Montenegro.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $23.2M
Chemicals & pharma $4.47M
Textiles & consumer goods $3.26M
Processed food, beverages & tobacco $1.57M
Metals $770K
Raw materials & minerals $703K
Animal & marine products $349K
Weapons & explosives $317K
Wood & paper products $298K
Miscellaneous $191K
Montenegro
Export category Export value
Transport & tourism services $23M
Machinery & equipment $10.8M
Raw materials & minerals $4.3M
IT & IP services $3.24M
Manufacturing & construction services $2.24M
Business & finance services $1.08M
Weapons & explosives $133K
Textiles & consumer goods $67K
Processed food, beverages & tobacco $58K
Metals $57K

Balance of trade

Czech Republic Montenegro
Current account balance
$2.44B
2025
-$1.88B
2025
Current account balance ranking
41/190
2025
140/190
2025
Current account balance, % of GDP
+0.62%
2025
-20.4%
2025
Goods imports
$197B
2025
$4.91B
2025
Goods exports
$215B
2025
$663M
2025
Service imports
$42.9B
2025
$1.24B
2025
Service exports
$47.5B
2025
$3.07B
2025
Imports of goods and services, % of GDP
61.1%
2025
65.7%
2025
Exports of goods and services, % of GDP
66.9%
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.

Czech Republic Montenegro
Economic freedom 73.2 63.8
Economic freedom ranking 25/197 78/197
Property rights 89.8 60.9
Government integrity 64.7 49.9
Judicial effectiveness 92.1 51.5
Tax burden 78.8 88.7
Government spending 44.2 47.6
Fiscal health 82.5 86.2
Business freedom 76.8 68.4
Labor freedom 55.1 59.4
Monetary freedom 75 75.2
Trade freedom 79.4 78.4
Investment freedom 70 50
Financial freedom 70 50

Economic freedom comparison by year

Czech Republic
Montenegro
1x
Year Economic freedom index
Czech Republic Montenegro
2026 73.2 63.8
2025 72.9 63.8
2024 70.2 59.7
2023 71.9 60.9
2022 74.4 57.8
2021 73.8 63.4
2020 74.8 61.5
2019 73.7 60.5
2018 74.2 64.3
2017 73.3 62
2016 73.2 64.9
2015 72.5 64.7
2014 72.2 63.6
2013 70.9 62.6
2012 69.9 62.5
2011 70.4 62.5
2010 69.8 63.6
2009 69.4 58.2
2008 68.1 -
2007 67.4 -
2006 66.4 -
2005 64.6 -
2004 67 -
2003 67.5 43.5
2002 66.5 46.6
2001 70.2 -
2000 68.6 -
1999 69.7 -
1998 68.4 -
1997 68.8 -
1996 68.1 -
1995 67.8 -

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

GeoRank.org/economy/czech-republic/montenegro | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, 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

Czech Republic Montenegro
Services, % of GDP
60.8%
2025
63.4%
2025
Industry, % of GDP
28.7%
2025
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.95%
2025
3.37%
2025
GNI, Atlas method
$359B
2025
$8.82B
2025
GNI per capita, PPP
$57,870
2025
$35,700
2025
Total reserves including gold
$176B
2025
$2.2B
2025
Total reserves ranking
21/177
2025
126/177
2025
Net foreign direct investment
-$1.88B
2025
-$601M
2025
Net inflows of foreign direct investment
$13.5B
2024
$599M
2024
Net outflows of foreign direct investment
$12.9B
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI n/a
15%
2024
Poverty at national poverty lines
10.2%
2021
20%
2023
Gross capital formation, % of GDP
26.8%
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/czech-republic/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 (1995–2025, 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. TradeMap (2019–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.