Domestic credit to private sector in Montenegro
Montenegro: Domestic credit to private sector was 45.3% in 2024. ▲ Rising
Domestic credit to private sector in Montenegro, 2002–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Montenegro is 45.3%, measured in 2024.
The figure is up 6.8% on the previous year and down 13.2% over ten years.
Over the whole period, domestic credit to private sector in Montenegro peaked at 86.6% in 2008 and was at its lowest, 8.1%, in 2002.
That places Montenegro 88th out of 187 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 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% | +100.6% |
| 2007 | 80.1% | +122.3% |
| 2008 | 86.6% | +8.2% |
| 2009 | 76.5% | -11.7% |
| 2010 | 66.6% | -13.0% |
| 2011 | 55.8% | -16.2% |
| 2012 | 55.3% | -0.9% |
| 2013 | 54.3% | -1.8% |
| 2014 | 52.2% | -3.9% |
| 2015 | 50.9% | -2.4% |
| 2016 | 49.5% | -2.8% |
| 2017 | 49.5% | -0.1% |
| 2018 | 50.2% | +1.6% |
| 2019 | 49.5% | -1.4% |
| 2020 | 60.6% | +22.2% |
| 2021 | 52.6% | -13.1% |
| 2022 | 47.2% | -10.4% |
| 2023 | 42.4% | -10.1% |
| 2024 | 45.3% | +6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 41.4% | 8.1% | 86.6% | 8 |
| 2010s | 53.4% | 49.5% | 66.6% | 10 |
| 2020s | 49.6% | 42.4% | 60.6% | 5 |
Countries ranked near Montenegro
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 45.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Montenegro?
- The highest recorded value was 86.6% 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 88th out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Montenegro?
- Over the last ten years it is down 13.2%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.