Montenegro Foreign Exchange Reserves: % of GDP

2010 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Foreign Exchange Reserves: % of GDP

  • Montenegro Foreign Exchange Reserves: % of GDP was reported at 22.477 % in Sep 2023
  • This records a decrease from the previous number of 24.761 % for Jun 2023
  • Montenegro Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 17.122 % from Dec 2010 to Sep 2023, with 52 observations
  • The data reached an all-time high of 43.520 % in Dec 2020 and a record low of 7.214 % in Jun 2012
  • Montenegro Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly

CEIC calculates quarterly Foreign Exchange Reserves as % of Nominal GDP from monthly Foreign Exchange Reserves and quarterly Nominal GDP. The International Monetary Fund provides Foreign Exchange Reserves in USD. The Statistical Office of Montenegro provides Nominal GDP in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.

View Montenegro's Foreign Exchange Reserves: % of GDP from Dec 2010 to Sep 2023 in the chart:

Montenegro Foreign Exchange Reserves: % of GDP

What was Montenegro's Foreign Exchange Reserves: % of GDP in Sep 2023?

Montenegro Foreign Exchange Reserves: % of GDP was reported at 22.477 % in Sep 2023 See the table below for more data.

Last Previous Min Max Unit Frequency Range
22.477 Sep 2023 24.761 Jun 2023 7.214 Jun 2012 43.520 Dec 2020 % quarterly Dec 2010 - Sep 2023

Foreign Exchange Reserves: % of GDP by Country Comparison

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Includes Foreign Exchange Reserves: % of GDP on 114 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 26.986 Jun 2023 quarterly Dec 2008 - Jun 2023
Algeria (%) 30.762 Mar 2023 quarterly Dec 1999 - Mar 2023
Argentina (%) 3.370 Sep 2023 quarterly Dec 2004 - Sep 2023
Armenia (%) 14.897 Dec 2023 quarterly Dec 2013 - Dec 2023
Australia (%) 2.200 Jun 2023 quarterly Sep 1969 - Jun 2023
Austria (%) 0.872 Jun 2023 quarterly Dec 1995 - Jun 2023
Azerbaijan (%) 13.738 Sep 2023 quarterly Dec 2001 - Sep 2023
Bahrain (%) 9.238 Sep 2023 quarterly Dec 2007 - Sep 2023
Bangladesh (%) 4.000 Feb 2024 monthly Oct 1999 - Feb 2024
Belarus (%) 4.502 Sep 2023 quarterly Dec 2009 - Sep 2023
Belgium (%) 1.301 Dec 2023 quarterly Mar 1999 - Dec 2023
Bolivia (%) 1.611 Dec 2022 quarterly Mar 1999 - Dec 2022
Bosnia and Herzegovina (%) 32.506 Sep 2023 quarterly Dec 2008 - Sep 2023
Botswana (%) 24.152 Jun 2023 quarterly Jun 1994 - Jun 2023
Brazil (%) 14.848 Dec 2023 quarterly Dec 2000 - Dec 2023
Brunei (%) 6.000 Feb 2024 monthly Jan 2006 - Feb 2024
Bulgaria (%) 40.148 Dec 2023 quarterly Sep 2003 - Dec 2023
Cambodia (%) 8.000 Feb 2024 monthly Jan 2008 - Feb 2024
Canada (%) 4.199 Dec 2023 quarterly Jun 1999 - Dec 2023
Chile (%) 11.419 Sep 2023 quarterly Dec 1996 - Sep 2023
China (%) 7.000 Feb 2024 monthly Jan 1985 - Feb 2024
Colombia (%) 14.945 Dec 2023 quarterly Dec 2000 - Dec 2023
Croatia (%) 40.235 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 0.554 Dec 2023 quarterly Mar 2002 - Dec 2023
Czech Republic (%) 43.021 Dec 2023 quarterly Mar 2000 - Dec 2023
Denmark (%) 19.630 Dec 2023 quarterly Mar 2002 - Dec 2023
Ecuador (%) 3.559 Sep 2023 quarterly Dec 2000 - Sep 2023
Egypt (%) 6.068 Jun 2023 quarterly Dec 2004 - Jun 2023
Estonia (%) 5.019 Dec 2023 quarterly Sep 2002 - Dec 2023
European Union (%) 1.908 Sep 2023 quarterly Dec 1999 - Sep 2023
Finland (%) 2.680 Sep 2023 quarterly Mar 2000 - Sep 2023
France (%) 0.958 Dec 2023 quarterly Mar 2004 - Dec 2023
Georgia (%) 16.280 Sep 2023 quarterly Dec 1996 - Sep 2023
Germany (%) 0.810 Dec 2023 quarterly Dec 1991 - Dec 2023
Ghana (%) 3.309 Sep 2023 quarterly Dec 2006 - Sep 2023
Greece (%) 1.813 Jun 2023 quarterly Mar 2004 - Jun 2023
Hong Kong SAR, China (%) 111.333 Dec 2023 quarterly Jun 2000 - Dec 2023
Hungary (%) 17.197 Dec 2023 quarterly Mar 2006 - Dec 2023
Iceland (%) 15.958 Dec 2023 quarterly Dec 2000 - Dec 2023
India (%) 4.500 Feb 2024 monthly Sep 1962 - Feb 2024
Indonesia (%) 9.000 Feb 2024 monthly Jan 1997 - Feb 2024
Ireland (%) 0.938 Dec 2023 quarterly Mar 1999 - Dec 2023
Israel (%) 39.481 Dec 2023 quarterly Dec 2001 - Dec 2023
Italy (%) 2.183 Dec 2023 quarterly Dec 1999 - Dec 2023
Ivory Coast (%) 0.003 Mar 2023 quarterly Dec 1997 - Mar 2023
Japan (%) 0.830 Dec 2023 monthly Oct 1980 - Dec 2023
Jordan (%) 26.586 Sep 2023 quarterly Dec 1992 - Sep 2023
Kazakhstan (%) 4.457 Sep 2023 quarterly Dec 2002 - Sep 2023
Kenya (%) 6.126 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 7.000 Jan 2024 monthly Nov 1979 - Jan 2024
Kosovo (%) 12.592 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) 25.497 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 8.366 Sep 2023 quarterly Dec 2000 - Sep 2023
Laos (%) 8.000 Feb 2024 monthly Jan 2002 - Feb 2024
Latvia (%) 8.545 Jun 2023 quarterly Mar 1997 - Jun 2023
Lebanon (%) 65.941 2020 yearly 2004 - 2020
Lithuania (%) 6.110 Dec 2023 quarterly Dec 1995 - Dec 2023
Luxembourg (%) 0.264 Jun 2023 quarterly Mar 1999 - Jun 2023
Macau SAR, China (%) 59.002 Dec 2023 quarterly Dec 2001 - Dec 2023
North Macedonia (%) 30.203 Dec 2023 quarterly Dec 2000 - Dec 2023
Malawi (%) 7.753 2019 yearly 2002 - 2019
Malaysia (%) 2.000 Feb 2024 monthly Jun 1959 - Feb 2024
Malta (%) 3.702 Dec 2023 quarterly Dec 2000 - Dec 2023
Mauritius (%) 39.631 Sep 2023 quarterly Dec 2006 - Sep 2023
Mexico (%) 10.408 Dec 2023 quarterly Mar 2000 - Dec 2023
Moldova (%) 31.165 Sep 2023 quarterly Mar 2000 - Sep 2023
Mongolia (%) 10.449 Dec 2023 quarterly Dec 2010 - Dec 2023
Montenegro (%) 22.477 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 22.538 Jun 2023 quarterly Dec 2007 - Jun 2023
Mozambique (%) 14.729 2022 yearly 1984 - 2022
Myanmar (%) 3.500 Feb 2024 monthly May 2011 - Feb 2024
Nepal (%) 4.000 Feb 2024 monthly Jul 2003 - Feb 2024
Netherlands (%) 0.625 Dec 2023 quarterly Sep 1999 - Dec 2023
New Zealand (%) 5.733 Sep 2023 quarterly Sep 2005 - Sep 2023
Nigeria (%) 7.771 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 14.217 Dec 2023 quarterly Mar 1999 - Dec 2023
Oman (%) 13.962 Jun 2023 quarterly Dec 2005 - Jun 2023
Pakistan (%) 5.000 Feb 2024 monthly Jul 2006 - Feb 2024
Palestinian Territory (%) 12.763 Sep 2023 quarterly Mar 2006 - Sep 2023
Panama (%) 5.035 Sep 2023 quarterly Dec 2007 - Sep 2023
Paraguay (%) 21.078 Sep 2023 quarterly Dec 1994 - Sep 2023
Peru (%) 24.386 Dec 2023 quarterly Dec 1990 - Dec 2023
Philippines (%) 9.500 Jan 2024 monthly May 1986 - Jan 2024
Poland (%) 20.119 Dec 2023 quarterly Dec 2002 - Dec 2023
Portugal (%) 1.948 Sep 2023 quarterly Dec 1999 - Sep 2023
Qatar (%) 18.904 Jun 2023 quarterly Dec 2010 - Jun 2023
Romania (%) 17.776 Sep 2023 quarterly Jun 2005 - Sep 2023
Russia (%) 18.828 Sep 2023 quarterly Dec 2011 - Sep 2023
Saudi Arabia (%) 38.475 Jun 2023 quarterly Dec 2003 - Jun 2023
Serbia (%) 30.614 Mar 2023 quarterly Mar 2004 - Mar 2023
Singapore (%) 67.165 Dec 2023 quarterly Jun 2000 - Dec 2023
Slovakia (%) 4.960 Jun 2023 quarterly Dec 1999 - Jun 2023
Slovenia (%) 1.345 Sep 2023 quarterly Dec 1995 - Sep 2023
South Africa (%) 12.296 Jun 2023 quarterly Mar 2001 - Jun 2023
Spain (%) 3.919 Dec 2023 quarterly Dec 1995 - Dec 2023
Sri Lanka (%) 4.000 May 2023 monthly Mar 1997 - May 2023
Sudan (%) 0.000 2017 yearly 1960 - 2017
Sweden (%) 7.124 Dec 2023 quarterly Mar 2000 - Dec 2023
Switzerland (%) 88.088 Dec 2023 quarterly Mar 2006 - Dec 2023
Syria (%) 31.149 2010 yearly 1990 - 2010

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Montenegro Key Series

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Includes 163 key indicators for Montenegro, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.5 Sep 2023 quarterly Dec 2012 - Sep 2023
Consolidated Fiscal Balance (USD mn) -158.147 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue (USD mn) 149.467 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue: % of GDP (%) 21.4 Sep 2023 quarterly Mar 2012 - Sep 2023
National Government Debt (USD mn) 4,219.6 Sep 2023 monthly Dec 2010 - Sep 2023
Government Debt: % of GDP (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Forecast: Government Expenditure (EUR bn) 3.984 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.698 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.392 2028 yearly 2002 - 2028
General Government Revenue: Consolidated (EUR) 255,979,035.020 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,494,203.900 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes (EUR) 137,012,115.600 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,969,510.730 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 87,929,424.080 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 400,948,545.750 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Cons: ow Current (EUR) 321,973,336.150 Dec 2023 monthly Jan 2012 - Dec 2023
Gross General Government Debt: Domestic (EUR mn) 382.470 Jun 2022 monthly Dec 2010 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports (USD mn) 42.2 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports Growth (%) -25.3 Dec 2023 monthly Jan 2006 - Dec 2023
Aluminum: Exports (USD th) 180,096.808 2022 yearly 2008 - 2022
Exports: Medicament (USD th) 34,801.190 2022 yearly 2008 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 28.151 2022 yearly 2008 - 2022
Total Imports (USD mn) 368.3 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) 7.0 Dec 2023 monthly Jan 2006 - Dec 2023
Imports: Medicament (USD th) 116,265.339 2022 yearly 2008 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 45,821.508 2022 yearly 2008 - 2022
Total Exports to USA (USD mn) 0.756 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from USA (USD mn) 4.456 Dec 2023 monthly Jan 2006 - Dec 2023
Total Exports to China (USD mn) 0.064 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from China (USD mn) 40.025 Dec 2023 monthly Jan 2006 - Dec 2023
Exports (EUR th) 39,512.254 Sep 2023 monthly Jan 2005 - Sep 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,039.979 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Manufactured Goods (EUR th) 4,621.309 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Crude Materials: excl Fuels (EUR th) 9,271.644 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Food & Live Animals (EUR th) 4,132.036 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Machinery & Transport Equipment (EUR th) 2,755.089 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: CEFTA: Serbia (EUR th) 11,608.897 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: EU-28: Slovenia (EUR th) 3,055.071 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Manufactured Goods (EUR th) 58,372.312 Sep 2023 monthly Mar 2009 - Sep 2023
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 49,978.003 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Food & Live Animals (EUR th) 63,956.749 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Machinery & Transport Equipment (EUR th) 72,725.624 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 49,674.082 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: CEFTA: Serbia (EUR th) 56,453.887 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: EU-28: Greece (EUR th) 22,544.386 Sep 2023 monthly Mar 2009 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) 8.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 119.2 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 31.320 Dec 2023 quarterly Mar 2007 - Dec 2023
External Debt (USD mn) 8,815.2 2022 yearly 2006 - 2022
External Debt: % of GDP (%) 141.5 2022 yearly 2006 - 2022
External Debt: Short Term (USD mn) 198.7 2022 yearly 2007 - 2022
External Debt: Short Term: % of GDP (%) 3.2 2022 yearly 2007 - 2022
Forecast: Current Account Balance (USD bn) -1.297 2028 yearly 2001 - 2028
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Import (EUR th) 645,611.036 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.2 Jul 2023 monthly Aug 2010 - Jul 2023
Household Debt: % of GDP (%) 24.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) 22.9 2022 yearly 2003 - 2022
Reserve Requirement Ratio (%) 5.5 Dec 2023 monthly Jan 2002 - Dec 2023
Foreign Exchange Reserves (USD mn) 1,457.9 Dec 2023 monthly Dec 2002 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 22.477 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 4.5 Aug 2023 monthly Jan 2005 - Aug 2023
Gold Reserves (USD mn) 0.000 Dec 2023 monthly Dec 2002 - Dec 2023
Total Deposits (USD mn) 5,855.433 Jan 2024 monthly Jan 2003 - Jan 2024
Total Deposits Growth (%) 3.6 Jan 2024 monthly Jan 2004 - Jan 2024
Domestic Credit (USD mn) 3,822.0 Jan 2024 monthly Jan 2005 - Jan 2024
Domestic Credit Growth (%) 7.1 Jan 2024 monthly Jan 2006 - Jan 2024
Household Debt (USD mn) 1,869.3 Dec 2023 monthly Dec 2004 - Dec 2023
Total Loans (USD mn) 4,530.112 Dec 2023 monthly Jan 2003 - Dec 2023
Total Loans Growth (%) 11.89 Dec 2023 monthly Jan 2004 - Dec 2023
Private Debt: % of Nominal GDP (%) 43.36 Sep 2023 quarterly Dec 2010 - Sep 2023
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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