Montenegro: Remittances, percent of GDP

* indicates monthly or quarterly data series
 Montenegro

Remittances as percent of GDP

 Latest value 13.33
 Year 2022
 Measure percent
 Data availability 2005 - 2022
 Average 9.50
 Min - Max 0.00 - 13.52
 Source The World Bank
For that indicator, we provide data for Montenegro from 2005 to 2022. The average value for Montenegro during that period was 9.5 percent with a minimum of 0 percent in 2005 and a maximum of 13.52 percent in 2021. The latest value from 2022 is 13.33 percent. For comparison, the world average in 2022 based on 173 countries is 5.36 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Montenegro - Remittances, percent of GDP - Recent values chart

Historical chart
Montenegro - Remittances, percent of GDP - historical chart - 2005-2022




Definition: Personal remittances comprise personal transfers and compensation of employees. 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. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 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
This site uses cookies.
Learn more here


OK