Military spending in Montenegro
Montenegro: Military spending was 120.89 million constant 2022 US$ in 2023. ▲ Rising
Military spending in Montenegro, 2006–2023
Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
Montenegro recorded 120.89 million constant 2022 US$ for military spending 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 in Montenegro peaked at 120.89 million constant 2022 US$ in 2023 and was at its lowest, 70.41 million constant 2022 US$, in 2012.
That places Montenegro 143rd out of 172 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Military spending in Montenegro, year by year
| Year | constant 2022 US$ | Change |
|---|---|---|
| 2006 | 71.89 million constant 2022 US$ | — |
| 2007 | 76.14 million constant 2022 US$ | +5.9% |
| 2008 | 85.06 million constant 2022 US$ | +11.7% |
| 2009 | 82.31 million constant 2022 US$ | -3.2% |
| 2010 | 83.06 million constant 2022 US$ | +0.9% |
| 2011 | 80.18 million constant 2022 US$ | -3.5% |
| 2012 | 70.41 million constant 2022 US$ | -12.2% |
| 2013 | 73.64 million constant 2022 US$ | +4.6% |
| 2014 | 81.99 million constant 2022 US$ | +11.3% |
| 2015 | 77.84 million constant 2022 US$ | -5.1% |
| 2016 | 81.29 million constant 2022 US$ | +4.4% |
| 2017 | 88.81 million constant 2022 US$ | +9.3% |
| 2018 | 94.57 million constant 2022 US$ | +6.5% |
| 2019 | 97.25 million constant 2022 US$ | +2.8% |
| 2020 | 103.33 million constant 2022 US$ | +6.3% |
| 2021 | 108.85 million constant 2022 US$ | +5.3% |
| 2022 | 114.03 million constant 2022 US$ | +4.8% |
| 2023 | 120.89 million constant 2022 US$ | +6.0% |
Montenegro compared with similar countries
- Montenegro's 120.89 million constant 2022 US$ is below the median for upper middle income countries, which is 1.25 billion constant 2022 US$, 10% of the median. (49 countries reporting)
- Montenegro's 120.89 million constant 2022 US$ is below the median for Europe & Central Asia, which is 2.44 billion constant 2022 US$, 5% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.85 million constant 2022 US$ | 71.89 million constant 2022 US$ | 85.06 million constant 2022 US$ | 4 |
| 2010s | 82.90 million constant 2022 US$ | 70.41 million constant 2022 US$ | 97.25 million constant 2022 US$ | 10 |
| 2020s | 111.78 million constant 2022 US$ | 103.33 million constant 2022 US$ | 120.89 million constant 2022 US$ | 4 |
Countries ranked near Montenegro
- 140 Benin 140.87 million constant 2022 US$ compare
- 141 Burundi 136.95 million constant 2022 US$ compare
- 142 Madagascar 124.17 million constant 2022 US$ compare
- 144 Malta 118.50 million constant 2022 US$ compare
- 145 Bahamas 118.22 million constant 2022 US$ compare
- 146 Papua New Guinea 116.43 million constant 2022 US$ compare
More reference data data for Montenegro
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0413 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0412 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.095 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0009 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.095 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1384 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1046 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.1738 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.4689 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0049 (2050)
Frequently asked questions
- What is military spending in Montenegro?
- Military spending in Montenegro was 120.89 million constant 2022 US$ in 2023, according to Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Montenegro?
- The highest recorded value was 120.89 million constant 2022 US$ in 2023.
- What is the lowest military spending recorded in Montenegro?
- The lowest recorded value was 70.41 million constant 2022 US$ in 2012.
- How does Montenegro rank for military spending?
- Montenegro ranks 143rd out of 172 countries with data for 2023.
- Is military spending 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 Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
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About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.