Montenegro: Remittances

* indicates monthly or quarterly data series

Remittances, million USD

 Latest value 457.17
 Year 2022
 Measure million U.S. dollars
 Data availability 2007 - 2022
 Average 243.13
 Min - Max 86.11 - 457.17
 Source The World Bank
For that indicator, we provide data for Montenegro from 2007 to 2022. The average value for Montenegro during that period was 243.13 million U.S. dollars with a minimum of 86.11 million U.S. dollars in 2009 and a maximum of 457.17 million U.S. dollars in 2022. The latest value from 2022 is 457.17 million U.S. dollars. For comparison, the world average in 2022 based on 97 countries is 4900.03 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Montenegro - Remittances - recent values

Historical chart
Montenegro - Remittances - historical chart - 2007-2022

Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Trade openness 128.66 2022 percent
 Exports, percent of GDP 52.68 2022 percent
 Exports, billion dollars 3.21 2022 billion U.S. dollars
 Growth of exports 22.69 2022 percent
 Imports, percent of GDP 75.97 2022 percent
 Imports, billion dollars 4.63 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 14.01 2022 percent
 Foreign Direct Investment, billion dollars 0.87 2022 billion U.S. dollars
 Portfolio investment inflows, equities -0.13 2022 million dollars (current)
 Current account, percent of GDP -15.00 2019 percent
 Current account, in dollars -0.82 2022 billion U.S. dollars
 Trade balance, percent of GDP -22.83 2022 percent
 Trade balance, in dollars -1.44 2022 billion U.S. dollars
 Reserves 2.04 2022 billion U.S. dollars
 Remittances, percent of GDP 13.33 2022 percent
 Remittances 457.17 2022 million U.S. dollars
 Net errors and omissions 596.97 2022 million USD
 External debt 141.76 2022 percent
 Short-term external debt 2.25 2022 percent
 Short-term debt to reserves 9.74 2022 percent
 Foreign exchange reserves 1.62 9/2023 billion
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