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Economy of Liechtenstein vs Montenegro compared: GDP & Debt

Updated on by Georank

Liechtenstein has a GDP of $8.91B compared to $9.23B for Montenegro, ranking 156/197 and 155/197 by economy size, respectively.

Liechtenstein vs Montenegro GDP by year

Liechtenstein
Montenegro
1x
Year GDP, current $
Liechtenstein Montenegro
2025 - $9,232,801,465
2024 $8,905,764,270 $8,274,290,506
2023 $8,239,379,403 $7,643,318,276
2022 $7,426,856,243 $6,259,721,790
2021 $7,912,602,342 $5,822,908,964
2020 $6,405,870,210 $4,734,192,593
2019 $6,436,467,007 $5,483,622,632
2018 $6,692,620,692 $5,433,469,311
2017 $6,474,308,718 $4,803,964,684
2016 $6,237,302,034 $4,357,467,226
2015 $6,268,515,276 $4,010,884,107
2014 $6,657,526,980 $4,579,635,404
2013 $6,391,708,311 $4,422,097,042
2012 $5,456,102,482 $4,071,828,832
2011 $5,739,706,005 $4,507,127,585
2010 $5,082,337,238 $4,136,936,244
2009 $4,504,375,348 $4,159,063,347
2008 $5,081,479,840 $4,559,410,049
2007 $4,601,429,897 $3,682,586,459
2006 $4,000,102,086 $2,719,979,875
2005 $3,659,319,117 $2,258,016,380
2004 $3,454,373,798 $2,077,046,942
2003 $3,070,803,051 $1,708,196,981
2002 $2,688,618,747 $1,286,314,054
2001 $2,491,800,559 $1,159,869,246
2000 $2,483,889,858 $984,293,044
1999 $2,664,105,901 $828,950,327
1998 $2,479,699,106 $854,261,161
1997 $2,298,389,803 $838,288,806
1996 $2,504,012,993 -
1995 $2,428,525,061 -
1994 $1,948,129,623 -
1993 $1,673,085,245 -
1992 $1,631,177,029 -
1991 $1,484,160,302 -
1990 $1,421,509,216 -
1989 $1,119,983,801 -
1988 $1,161,757,671 -
1987 $1,052,848,996 -
1986 $779,357,803 -
1985 $529,073,612 -
1984 $502,620,992 -
1983 $524,023,625 -
1982 $522,096,760 -
1981 $511,647,750 -
1980 $534,699,363 -
1979 $503,173,104 -
1978 $436,912,068 -
1977 $303,493,119 -
1976 $272,489,300 -
1975 $246,389,102 -
1974 $193,980,465 -
1973 $165,928,882 -
1972 $124,940,289 -
1971 $104,889,795 -
1970 $90,099,361 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Liechtenstein vs Montenegro by year

Liechtenstein
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Liechtenstein Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $14,817 -
2024 $220,167 - $13,270 $34,063
2023 $206,781 - $12,258 $31,863
2022 $188,055 - $10,038 $28,050
2021 $201,945 - $9,316 $23,690
2020 $164,671 - $7,555 $20,625
2019 $166,908 - $8,749 $23,706
2018 $174,989 - $8,674 $21,084
2017 $170,547 - $7,674 $19,357
2016 $165,375 - $6,968 $18,030
2015 $167,187 - $6,421 $16,092
2014 $178,735 - $7,342 $15,276
2013 $172,824 - $7,103 $14,692
2012 $148,842 - $6,552 $13,793
2011 $158,066 - $7,266 $14,347
2010 $141,090 - $6,679 $13,612
2009 $126,025 $139,100 $6,727 $12,976
2008 $143,249 $141,100 $7,390 $13,802
2007 $130,493 $122,100 $5,979 $12,452
2006 $114,168 - $4,423 $10,440
2005 $105,295 - $3,676 $8,314
2004 $100,281 - $3,386 $7,841
2003 $90,108 - $2,790 $7,340
2002 $79,795 - $2,109 $7,100
2001 $75,068 - $1,910 $6,772
2000 $76,088 - $1,627 $6,004
1999 $82,682 $25,000 $1,368 $5,684
1998 $78,303 $23,000 $1,406 $6,170
1997 $73,591 - $1,375 $5,798
1996 $80,689 - - -
1995 $78,910 - - -
1994 $63,936 - - -
1993 $55,605 - - -
1992 $55,057 - - -
1991 $50,812 - - -
1990 $49,458 - - -
1989 $39,552 - - -
1988 $41,569 - - -
1987 $38,206 - - -
1986 $28,613 - - -
1985 $19,684 - - -
1984 $18,898 - - -
1983 $19,815 - - -
1982 $19,886 - - -
1981 $19,929 - - -
1980 $20,959 - - -
1979 $19,674 - - -
1978 $17,457 - - -
1977 $12,417 - - -
1976 $11,326 - - -
1975 $10,333 - - -
1974 $8,272 - - -
1973 $7,282 - - -
1972 $5,645 - - -
1971 $4,856 - - -
1970 $4,262 - - -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1998–2009, retrieved 2026-07-08).

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

Liechtenstein's GDP per capita is $220,167, ranking 2/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Liechtenstein ranks 3rd at $139,100, while Montenegro ranks 65th at $34,063.

Economic indicators

Liechtenstein Montenegro
Gross domestic product
$8.91B
2024
$9.23B
2025
GDP rank
156/197
2024
155/197
2025
GDP growth n/a
2.74%
2024-2025
GDP per capita
$220,167
2024
$14,817
2025
GDP per capita rank
2/197
2024
71/197
2025
GDP per capita, PPP
$139,100
2009
$34,063
2024
GDP per capita PPP rank
3/197
2009
65/197
2024
Government debt n/a
$6.19B
2025
Debt-to-GDP ratio n/a
67.1%
2025
Government debt per person n/a
$9,942
2025
Government debt per person rank n/a
61/185
2025
Average annual personal income after taxes
$109,813
2026
$12,768
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Number of billionaires
1
2026
n/a
Income share by richest 10% n/a
24.7%
2021
Income share by poorest 10% n/a
2.1%
2021
Government expenditure, % of GDP
22.6%
2026
43.9%
2025
Consumer prices inflation
-0.4%
2019-2020
3.9%
2024-2025
Unemployment rate
2.31%
2017
11.5%
2024
Population
41400
613759

Inflation comparison by year

Inflation
Liechtenstein

Montenegro
1x
Year Consumer prices inflation
Liechtenstein Montenegro
2025 - 3.9%
2024 - 3.3%
2023 - 8.6%
2022 - 13%
2021 - 2.4%
2020 -0.4% -0.3%
2019 -0.4% 0.4%
2018 -0.4% 2.6%
2017 - 2.4%
2016 -0.4% -0.3%
2015 - 1.5%
2014 - -0.7%
2013 -0.2% 2.2%
2012 -0.7% 4.1%
2011 0.2% 3.5%
2010 0.7% 0.4%
2009 0.5% 3.6%
2008 - 9%
2007 - 3.4%
2006 - 2.1%
2005 - 3.4%
2004 - 3.1%
2003 - 7.5%
2002 - 19.7%
2001 1% 23.7%
2000 - 29.9%
1999 - -
1998 - -
1997 0.5% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (2000–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1997–2020, retrieved 2026-07-08).

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

Over the past 21 years, Liechtenstein has recorded an average annual inflation rate of -0.01%, compared with 5.77% in Montenegro. In 2020, inflation was -0.4% in Liechtenstein and 3.9% in Montenegro.

Balance of trade

Liechtenstein Montenegro
Current account balance n/a
-$1.88B
2025
Current account balance ranking n/a
140/190
2025
Current account balance, % of GDP n/a
-20.4%
2025
Goods imports n/a
$4.91B
2025
Goods exports n/a
$663M
2025
Service imports n/a
$1.24B
2025
Service exports n/a
$3.07B
2025
Imports of goods and services, % of GDP n/a
65.7%
2025
Exports of goods and services, % of GDP n/a
40.1%
2025

Economic freedom indices

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

Liechtenstein Montenegro
Economic freedom 74 63.8
Economic freedom ranking 23/197 78/197
Property rights 93.1 60.9
Government integrity 83.7 49.9
Judicial effectiveness 87.3 51.5
Tax burden 93.4 88.7
Government spending n/a 47.6
Fiscal health n/a 86.2
Business freedom 83.6 68.4
Labor freedom 51.9 59.4
Monetary freedom n/a 75.2
Trade freedom 86.6 78.4
Investment freedom 80 50
Financial freedom 80 50

Other economic metrics

Liechtenstein Montenegro
Services, % of GDP
57.4%
2023
63.4%
2025
Industry, % of GDP
39.1%
2023
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
0.16%
2023
3.37%
2025
GNI, Atlas method
$4.16B
2009
$8.82B
2025
GNI per capita, PPP n/a
$35,700
2025
Total reserves including gold n/a
$2.2B
2025
Total reserves ranking n/a
126/177
2025
Net foreign direct investment n/a
-$601M
2025
Net inflows of foreign direct investment
-$87.2B
2018
$599M
2024
Net outflows of foreign direct investment n/a
$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 n/a
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/liechtenstein/montenegro | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (2000–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2025–2026, retrieved 2026-07-08)
  5. Central Intelligence Agency (CIA) (1997–2020, 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.