Volume of remittances (in United States dollars) as a proportion of in Montenegro
Montenegro: Volume of remittances (in United States dollars) as a proportion of was 10.3% in 2024. ▲ Rising
Latest (2024)
10.3%
Change on year
down 1.8%
World rank
33rd
of 203 countries
All-time high
13.6%
in 2021
All-time low
5.3%
in 2007
Years of data
18
2007–2024
Volume of remittances (in United States dollars) as a proportion of in Montenegro, 2007–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Montenegro stood at 10.3%.
Compared with earlier readings it is down 1.8% on the previous year and down 12.8% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Montenegro peaked at 13.6% in 2021 and was at its lowest, 5.3%, in 2007.
That places Montenegro 33rd out of 203 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 5.3% | — |
| 2008 | 6.6% | +22.9% |
| 2009 | 7.3% | +11.5% |
| 2010 | 10.1% | +37.4% |
| 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% | +19.3% |
| 2021 | 13.6% | +7.0% |
| 2022 | 13.3% | -2.4% |
| 2023 | 10.5% | -20.7% |
| 2024 | 10.3% | -1.8% |
Montenegro compared with similar countries
- Montenegro's 10.3% is above the median for upper middle income countries, which is 3.6%, 2.8× the median. (53 countries reporting)
- Montenegro's 10.3% is above the median for Europe & Central Asia, which is 1.5%, 6.7× the median. (50 countries reporting)
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 | 12.1% | 10.3% | 13.6% | 5 |
Countries ranked near Montenegro
- 30 Bosnia and Herzegovina 10.6% compare
- 31 Republic of Moldova 10.5% compare
- 31 Moldova 10.5% compare
- 34 Guinea-Bissau 9.8% compare
- 35 Sao Tome and Principe 9.7% compare
- 36 Pakistan 9.4% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 75.12 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 120.56 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 676.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 12.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0732 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,085 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 26.12 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Montenegro?
- Volume of remittances (in united states dollars) as a proportion of in Montenegro was 10.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Montenegro?
- The highest recorded value was 13.6% in 2021.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Montenegro?
- The lowest recorded value was 5.3% in 2007.
- How does Montenegro rank for volume of remittances (in united states dollars) as a proportion of?
- Montenegro ranks 33rd out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Montenegro?
- Over the last ten years it is down 12.8%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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