Remittance inflows to GDP in Montenegro
Montenegro: Remittance inflows to GDP was 12.6% in 2020. β² Rising
Remittance inflows to GDP in Montenegro, 2005β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Montenegro recorded 12.6% for remittance inflows to gdp in 2020. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 19.2% on the previous year and up 25.1% over ten years.
Over the whole period, remittance inflows to gdp in Montenegro peaked at 12.6% in 2020 and was at its lowest, 0.0%, in 2005.
That places Montenegro 25th out of 196 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | 0.0% | 7.3% | 5 |
| 2010s | 11.2% | 10.0% | 12.4% | 10 |
| 2020s | 12.6% | 12.6% | 12.6% | 1 |
Countries ranked near Montenegro
- 22 Dominica 13.5% compare
- 23 Georgia 13.3% compare
- 24 Marshall Islands, Republic of the 12.7% compare
- 26 Guinea-Bissau 12.2% compare
- 27 Yemen, Republic of 12.0% compare
- 28 Uzbekistan, Republic of 11.7% compare
More financial sector data for Montenegro
- Domestic credit to private sector by banks 50.9% (2025)
- Total reserves in months of imports 3.95 (2025)
- Net domestic credit 3.65 billion current LCU (2024)
- Net foreign assets 1.81 billion current LCU (2024)
- Monetary Sector credit to private sector 45.3% (2024)
- Broad money 58.4% (2025)
- Claims on central government, etc. 0.6% (2024)
- Domestic credit to private sector 45.3% (2024)
- Official exchange rate 0.8871 LCU per US$, period average (2025)
- Net migration -9,279 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Montenegro?
- Remittance inflows to gdp in Montenegro was 12.6% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Montenegro?
- The highest recorded value was 12.6% in 2020.
- What is the lowest remittance inflows to gdp recorded in Montenegro?
- The lowest recorded value was 0.0% in 2005.
- How does Montenegro rank for remittance inflows to gdp?
- Montenegro ranks 25th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Montenegro?
- Over the last ten years it is up 25.1%. 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 Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.