Military spending gmsd in Montenegro

Montenegro: Military spending gmsd was 120.89 million in 2023. ▲ Rising

Latest (2023)
120.89 million
Change on year
up 6.0%
World rank
143rd
of 172 countries
All-time high
120.89 million
in 2023
All-time low
70.41 million
in 2012
Years of data
18
2006–2023

Military spending gmsd in Montenegro, 2006–2023

025.0M50.0M75.0M100.0M125.0M2006201420232006: 71.9M2007: 76.1M2008: 85.1M2009: 82.3M2010: 83.1M2011: 80.2M2012: 70.4M2013: 73.6M2014: 82.0M2015: 77.8M2016: 81.3M2017: 88.8M2018: 94.6M2019: 97.2M2020: 103.3M2021: 108.9M2022: 114.0M2023: 120.9M

Source: Our World in Data.

Analysis

Montenegro recorded 120.89 million for military spending gmsd in 2023. That is the highest value across all 18 years on record.

The figure is up 6.0% on the previous year and up 64.2% over ten years.

Over the whole period, military spending gmsd in Montenegro peaked at 120.89 million in 2023 and was at its lowest, 70.41 million, in 2012.

That places Montenegro 143rd out of 172 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 18 years of available data.

Military spending gmsd in Montenegro, year by year

Annual values for Military spending gmsd in Montenegro, 2006 to 2023.
Year Value Change
2006 71.89 million —
2007 76.14 million +5.9%
2008 85.06 million +11.7%
2009 82.31 million -3.2%
2010 83.06 million +0.9%
2011 80.18 million -3.5%
2012 70.41 million -12.2%
2013 73.64 million +4.6%
2014 81.99 million +11.3%
2015 77.84 million -5.1%
2016 81.29 million +4.4%
2017 88.81 million +9.3%
2018 94.57 million +6.5%
2019 97.25 million +2.8%
2020 103.33 million +6.3%
2021 108.85 million +5.3%
2022 114.03 million +4.8%
2023 120.89 million +6.0%

Montenegro compared with similar countries

  • Montenegro's 120.89 million is below the median for upper middle income countries, which is 1.25 billion, 10% of the median. (49 countries reporting)
  • Montenegro's 120.89 million is below the median for Europe & Central Asia, which is 2.44 billion, 5% of the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 78.85 million 71.89 million 85.06 million 4
2010s 82.90 million 70.41 million 97.25 million 10
2020s 111.78 million 103.33 million 120.89 million 4

Countries ranked near Montenegro

  1. 140 Benin 140.87 million compare
  2. 141 Burundi 136.95 million compare
  3. 142 Madagascar 124.17 million compare
  4. 144 Malta 118.50 million compare
  5. 145 Bahamas 118.22 million compare
  6. 146 Papua New Guinea 116.43 million compare

See the full ranking of 172 places →

More reference data data for Montenegro

All data for Montenegro →

Frequently asked questions

What is military spending gmsd in Montenegro?
Military spending gmsd in Montenegro was 120.89 million in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Montenegro?
The highest recorded value was 120.89 million in 2023.
What is the lowest military spending gmsd recorded in Montenegro?
The lowest recorded value was 70.41 million in 2012.
How does Montenegro rank for military spending gmsd?
Montenegro ranks 143rd out of 172 countries with data for 2023.
Is military spending gmsd rising or falling in Montenegro?
Over the last ten years it is up 64.2%. The long-run trend across the full record is rising.
Where does this Montenegro data come from?
The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Montenegro. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/montenegro/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed