Financial system deposits to GDP (%) in Montenegro
Montenegro: Financial system deposits to GDP (%) was 56.7% in 2021. ▲ Rising
Financial system deposits to GDP in Montenegro, 2002–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for financial system deposits to gdp in Montenegro is 56.7%, measured in 2021.
The figure is down 1.8% on the previous year and up 22.5% over ten years.
Over the whole period, financial system deposits to gdp in Montenegro peaked at 66.0% in 2007 and was at its lowest, 11.1%, in 2002.
That places Montenegro 95th out of 185 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Financial system deposits to GDP (%) in Montenegro, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 11.1% | — |
| 2003 | 12.0% | +7.9% |
| 2004 | 13.3% | +11.1% |
| 2005 | 22.4% | +68.3% |
| 2006 | 41.2% | +83.4% |
| 2007 | 66.0% | +60.4% |
| 2008 | 51.2% | -22.4% |
| 2009 | 48.2% | -5.8% |
| 2010 | 47.5% | -1.5% |
| 2011 | 46.3% | -2.7% |
| 2012 | 51.0% | +10.2% |
| 2013 | 50.1% | -1.8% |
| 2014 | 53.5% | +6.8% |
| 2015 | 56.9% | +6.3% |
| 2016 | 57.9% | +1.9% |
| 2017 | 60.1% | +3.8% |
| 2018 | 56.2% | -6.5% |
| 2019 | 51.0% | -9.3% |
| 2020 | 57.7% | +13.2% |
| 2021 | 56.7% | -1.8% |
Montenegro compared with similar countries
- Montenegro's 56.7% is above the median for upper middle income countries, which is 56.7%, 1.0× the median. (55 countries reporting)
- Montenegro's 56.7% is below the median for Europe & Central Asia, which is 66.9%, 85% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Financial system deposits to GDP (%) in Montenegro changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +83.4% | 22.4% | 41.2% |
| 2005 | +68.3% | 13.3% | 22.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.2% | 11.1% | 66.0% | 8 |
| 2010s | 53.0% | 46.3% | 60.1% | 10 |
| 2020s | 57.2% | 56.7% | 57.7% | 2 |
Countries ranked near Montenegro
- 92 El Salvador 57.6% compare
- 93 Panama 57.4% compare
- 94 Hungary 56.8% compare
- 96 Oman 56.2% compare
- 97 East Timor 55.8% compare
- 98 Kosovo 55.5% compare
- 98 Kosovo (UNSCR 1244) 55.5% 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 financial system deposits to gdp in Montenegro?
- Financial system deposits to gdp in Montenegro was 56.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Montenegro?
- The highest recorded value was 66.0% in 2007.
- What is the lowest financial system deposits to gdp recorded in Montenegro?
- The lowest recorded value was 11.1% in 2002.
- How does Montenegro rank for financial system deposits to gdp?
- Montenegro ranks 95th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Montenegro?
- Over the last ten years it is up 22.5%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).