Montenegro: Net errors and omissions

* indicates monthly or quarterly data series
 Montenegro

Balance of payments, net errors and omissions

 Latest value 795.80
 Year 2023
 Measure million USD
 Data availability 2007 - 2023
 Average 139.12
 Min - Max -216.81 - 795.80
 Source The World Bank
For that indicator, we provide data for Montenegro from 2007 to 2023. The average value for Montenegro during that period was 139.12 million USD with a minimum of -216.81 million USD in 2007 and a maximum of 795.8 million USD in 2023. The latest value from 2023 is 795.8 million USD. For comparison, the world average in 2023 based on 111 countries is -1826.71 million USD. 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 - Net errors and omissions - Recent values chart

Historical chart
Montenegro - Net errors and omissions - historical chart - 2007-2023




Definition: Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Trade openness 125.90 2022 percent
 Exports, percent of GDP 51.53 2022 percent
 Exports, billion dollars 3.75 2023 billion U.S. dollars
 Growth of exports 22.69 2022 percent
 Imports, percent of GDP 74.37 2022 percent
 Imports, billion dollars 5.13 2023 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 9.62 2023 million dollars (current)
 Current account, percent of GDP -15.00 2019 percent
 Current account, in dollars -0.84 2023 billion U.S. dollars
 Trade balance, percent of GDP -22.83 2022 percent
 Trade balance, in dollars -1.40 2023 billion U.S. dollars
 Reserves 2.04 2022 billion U.S. dollars
 Remittances, percent of GDP 13.33 2022 percent
 Remittances 830.15 2022 million U.S. dollars
 Net errors and omissions 795.80 2023 million USD
 External debt 138.74 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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