Private credit by deposit money banks to GDP in Montenegro
Montenegro: Private credit by deposit money banks to GDP was 52.7% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Montenegro, 2002–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks to gdp in Montenegro is 52.7%, measured in 2021.
That represents a change of down 12.1% on the previous year and down 4.5% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Montenegro peaked at 86.4% in 2008 and was at its lowest, 8.0%, in 2002.
That places Montenegro 80th out of 187 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.
Private credit by deposit money banks to GDP in Montenegro, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 8.0% | — |
| 2003 | 11.3% | +41.8% |
| 2004 | 14.6% | +29.6% |
| 2005 | 17.9% | +22.8% |
| 2006 | 35.9% | +100.3% |
| 2007 | 80.0% | +122.6% |
| 2008 | 86.4% | +8.1% |
| 2009 | 76.1% | -12.0% |
| 2010 | 66.4% | -12.8% |
| 2011 | 55.2% | -16.8% |
| 2012 | 55.0% | -0.4% |
| 2013 | 53.0% | -3.6% |
| 2014 | 51.2% | -3.3% |
| 2015 | 49.7% | -3.0% |
| 2016 | 48.7% | -1.9% |
| 2017 | 48.6% | -0.2% |
| 2018 | 49.0% | +0.9% |
| 2019 | 49.0% | -0.0% |
| 2020 | 60.0% | +22.3% |
| 2021 | 52.7% | -12.1% |
Montenegro compared with similar countries
- Montenegro's 52.7% is above the median for upper middle income countries, which is 49.7%, 1.1× the median. (55 countries reporting)
- Montenegro's 52.7% is below the median for Europe & Central Asia, which is 56.3%, 94% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks 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 |
|---|---|---|---|
| 2007 | +122.6% | 35.9% | 80.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 41.3% | 8.0% | 86.4% | 8 |
| 2010s | 52.6% | 48.6% | 66.4% | 10 |
| 2020s | 56.4% | 52.7% | 60.0% | 2 |
Countries ranked near Montenegro
- 77 North Macedonia 53.7% compare
- 78 Czechia 53.6% compare
- 79 El Salvador 53.1% compare
- 81 India 51.9% compare
- 82 Bosnia and Herzegovina 51.7% compare
- 83 Colombia 51.7% 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 private credit by deposit money banks to gdp in Montenegro?
- Private credit by deposit money banks to gdp in Montenegro was 52.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Montenegro?
- The highest recorded value was 86.4% in 2008.
- What is the lowest private credit by deposit money banks to gdp recorded in Montenegro?
- The lowest recorded value was 8.0% in 2002.
- How does Montenegro rank for private credit by deposit money banks to gdp?
- Montenegro ranks 80th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Montenegro?
- Over the last ten years it is down 4.5%. 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 Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks (IFS line 22d); 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).