Total reserves (% of total external debt) in Montenegro
Montenegro: Total reserves (% of total external debt) was 19.9% in 2024. ◆ Volatile
Total reserves in Montenegro, 2007–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for total reserves in Montenegro is 19.9%, measured in 2024.
The figure is up 9.7% on the previous year and up 103.2% over ten years.
Over the whole period, total reserves in Montenegro peaked at 53.0% in 2007 and was at its lowest, 7.1%, in 2011.
That places Montenegro 85th out of 112 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves (% of total external debt) in Montenegro, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 2007 | 53.0% | — |
| 2008 | 29.0% | -45.3% |
| 2009 | 24.3% | -16.2% |
| 2010 | 12.4% | -49.2% |
| 2011 | 7.1% | -42.4% |
| 2012 | 7.4% | +4.5% |
| 2013 | 7.9% | +6.5% |
| 2014 | 9.8% | +24.0% |
| 2015 | 10.2% | +4.2% |
| 2016 | 12.6% | +23.8% |
| 2017 | 13.9% | +10.2% |
| 2018 | 14.8% | +6.5% |
| 2019 | 18.1% | +22.2% |
| 2020 | 20.3% | +11.9% |
| 2021 | 20.6% | +1.4% |
| 2022 | 23.2% | +12.7% |
| 2023 | 18.2% | -21.6% |
| 2024 | 19.9% | +9.7% |
Montenegro compared with similar countries
- Montenegro's 19.9% is below the median for upper middle income countries, which is 38.0%, 52% of the median. (51 countries reporting)
- Montenegro's 19.9% is below the median for Europe & Central Asia, which is 47.8%, 42% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.4% | 24.3% | 53.0% | 3 |
| 2010s | 11.4% | 7.1% | 18.1% | 10 |
| 2020s | 20.4% | 18.2% | 23.2% | 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 total reserves in Montenegro?
- Total reserves in Montenegro was 19.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in Montenegro?
- The highest recorded value was 53.0% in 2007.
- What is the lowest total reserves recorded in Montenegro?
- The lowest recorded value was 7.1% in 2011.
- How does Montenegro rank for total reserves?
- Montenegro ranks 85th out of 112 countries with data for 2024.
- Is total reserves rising or falling in Montenegro?
- Over the last ten years it is up 103.2%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.