Montenegro: Monetary freedom

* indicates monthly or quarterly data series
 Montenegro

Monetary freedom index (0-100)

 Latest value 81.8
 Year 2023
 Measure points
 Data availability 2002 - 2023
 Average 75.95
 Min - Max 34.2 - 85.6
 Source The Heritage Foundation
For that indicator, we provide data for Montenegro from 2002 to 2023. The average value for Montenegro during that period was 75.95 points with a minimum of 34.2 points in 2003 and a maximum of 85.6 points in 2022. The latest value from 2023 is 81.8 points. For comparison, the world average in 2023 based on 176 countries is 72.44 points. 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 - Monetary freedom - recent values

Historical chart
Montenegro - Monetary freedom - historical chart - 2002-2023




The Monetary Freedom index for Montenegro from The Heritage Foundation reflects the stability of prices in Montenegro and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.


 Related indicators Latest value Reference Measure
 Property rights 60 2023 points
 Freedom from corruption 47 2023 points
 Fiscal freedom 48 2023 points
 Business freedom 67 2023 points
 Labor freedom 62 2023 points
 Monetary freedom 81.80 2023 points
 Trade freedom 79 2023 points
 Investment freedom 75 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 61 2023 index points
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