Domestic credit to private sector in Montenegro
Montenegro: Domestic credit to private sector was 60.0% in 2020. ▲ Rising
Domestic credit to private sector in Montenegro, 2002–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Montenegro is 60.0%, measured in 2020.
Compared with earlier readings it is up 22.3% on the previous year and down 9.8% over ten years.
Over the whole period, domestic credit to private sector in Montenegro peaked at 86.5% in 2008 and was at its lowest, 8.1%, in 2002.
That places Montenegro 70th out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Domestic credit to private sector in Montenegro, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 8.1% | — |
| 2003 | 11.3% | +40.2% |
| 2004 | 14.6% | +29.5% |
| 2005 | 18.0% | +22.7% |
| 2006 | 36.0% | +100.3% |
| 2007 | 80.0% | +122.5% |
| 2008 | 86.5% | +8.2% |
| 2009 | 76.2% | -11.9% |
| 2010 | 66.5% | -12.8% |
| 2011 | 55.3% | -16.8% |
| 2012 | 55.1% | -0.4% |
| 2013 | 53.7% | -2.4% |
| 2014 | 52.0% | -3.2% |
| 2015 | 50.4% | -3.1% |
| 2016 | 49.3% | -2.2% |
| 2017 | 48.9% | -0.7% |
| 2018 | 49.6% | +1.3% |
| 2019 | 49.0% | -1.1% |
| 2020 | 60.0% | +22.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 41.3% | 8.1% | 86.5% | 8 |
| 2010s | 53.0% | 48.9% | 66.5% | 10 |
| 2020s | 60.0% | 60.0% | 60.0% | 1 |
Countries ranked near Montenegro
- 67 Vanuatu 61.1% compare
- 68 Costa Rica 60.4% compare
- 69 Iran, Islamic Republic of 60.3% compare
- 71 Russian Federation 59.8% compare
- 72 Croatia 59.8% compare
- 73 Grenada 59.4% compare
More financial sector data for Montenegro
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0022 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 32.64 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 23.83 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0022 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 32.64 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Montenegro?
- Domestic credit to private sector in Montenegro was 60.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Montenegro?
- The highest recorded value was 86.5% in 2008.
- What is the lowest domestic credit to private sector recorded in Montenegro?
- The lowest recorded value was 8.1% in 2002.
- How does Montenegro rank for domestic credit to private sector?
- Montenegro ranks 70th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Montenegro?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.