Personal remittances, received in Montenegro
Montenegro: Personal remittances, received was 9.7% in 2025. ▲ Rising
Personal remittances, received in Montenegro, 2007–2025
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for personal remittances, received in Montenegro is 9.7%, measured in 2025.
The figure is down 6.0% on the previous year and down 17.0% over ten years.
Over the whole period, personal remittances, received in Montenegro peaked at 13.6% in 2021 and was at its lowest, 5.3%, in 2007.
That places Montenegro 34th out of 196 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Personal remittances, received in Montenegro, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2007 | 5.3% | — |
| 2008 | 6.5% | +22.6% |
| 2009 | 7.3% | +11.5% |
| 2010 | 10.1% | +37.9% |
| 2011 | 11.3% | +12.4% |
| 2012 | 12.5% | +10.2% |
| 2013 | 12.3% | -1.1% |
| 2014 | 11.9% | -3.8% |
| 2015 | 11.7% | -1.3% |
| 2016 | 11.0% | -5.8% |
| 2017 | 10.9% | -1.3% |
| 2018 | 10.8% | -0.4% |
| 2019 | 10.7% | -1.7% |
| 2020 | 12.7% | +19.1% |
| 2021 | 13.6% | +7.2% |
| 2022 | 13.3% | -2.5% |
| 2023 | 10.5% | -20.6% |
| 2024 | 10.3% | -1.9% |
| 2025 | 9.7% | -6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.4% | 5.3% | 7.3% | 3 |
| 2010s | 11.3% | 10.1% | 12.5% | 10 |
| 2020s | 11.7% | 9.7% | 13.6% | 6 |
Countries ranked near Montenegro
- 31 Pakistan 9.9% compare
- 32 Guinea-Bissau 9.9% compare
- 33 Dominican Republic 9.7% compare
- 35 Sao Tome and Principe 9.7% compare
- 36 Republic of Moldova 9.4% compare
- 37 Togo 8.7% compare
More economy & growth data for Montenegro
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0333 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 442.1 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.0308 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 408.45 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0225 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 298.36 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 285.57 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 3.1 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Montenegro?
- Personal remittances, received in Montenegro was 9.7% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Montenegro?
- The highest recorded value was 13.6% in 2021.
- What is the lowest personal remittances, received recorded in Montenegro?
- The lowest recorded value was 5.3% in 2007.
- How does Montenegro rank for personal remittances, received?
- Montenegro ranks 34th out of 196 countries with data for 2025.
- Is personal remittances, received rising or falling in Montenegro?
- Over the last ten years it is down 17.0%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.