Madagascar vs Montenegro: Reserves excluding gold, foreign exchange

Madagascar
2.08 billion SDR
in 2024
Montenegro
1.52 billion SDR
in 2025
Madagascar rank
118th
Montenegro rank
121st

Reserves excluding gold, foreign exchange over time

  • Madagascar
  • Montenegro
0500.0M1.0B1.5B2.0B196219932025

How they compare

Madagascar currently reports 2.08 billion SDR against 1.52 billion SDR in Montenegro, a difference of 565.03 million SDR.

That makes Madagascar's figure about 1.4 times Montenegro's.

The two have swapped places 4 times across 23 shared years of data; in 2002 it was Madagascar ahead.

Madagascar ranks 118th and Montenegro ranks 121st of 188 countries.

Madagascar has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Madagascar Montenegro Difference Ahead
2000s 412.04 million SDR 200.79 million SDR 211.25 million SDR Madagascar
2010s 755.75 million SDR 518.90 million SDR 236.85 million SDR Madagascar
2020s 1.62 billion SDR 1.31 billion SDR 307.43 million SDR Madagascar

Averages of every year both report within each decade.

Frequently asked questions

Which has higher reserves excluding gold, foreign exchange, Madagascar or Montenegro?
Madagascar, at 2.08 billion SDR against 1.52 billion SDR in Montenegro as of 2024.
What is the difference in reserves excluding gold, foreign exchange between Madagascar and Montenegro?
565.03 million SDR, with Madagascar ahead.
How many years of comparable data are there for Madagascar and Montenegro?
23 years are reported by both, from 2002 to 2024.
How do Madagascar and Montenegro rank globally for reserves excluding gold, foreign exchange?
Madagascar ranks 118th and Montenegro ranks 121st of 188 countries.
Where does this data come from?
International Monetary Fund, published as Reserves excluding gold, foreign exchange (SDR). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Madagascar vs Montenegro: Reserves excluding gold, foreign exchange. Statizoid, drawing on International Monetary Fund. Retrieved 03 October 2026, from https://financial-sector.statizoid.com/compare/reserves-excluding-gold-foreign-exchange-sdr/madagascar/montenegro/

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About this data

Indicator
Reserves excluding gold, foreign exchange (SDR)
Unit
SDR
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
208 places, 11,459 data points, 1950–2025
Last refreshed

International liquidity consists of all the resources that are available to the monetary authorities of countries for the purpose of meeting balance of payments financing needs.