Montenegro Foreign Exchange Reserves: % of GDP

2006 - 2025 | Quarterly | % | CEIC Data

Key information about Montenegro Foreign Exchange Reserves: % of GDP

  • Montenegro Foreign Exchange Reserves: % of GDP was reported at 22.409 % in Dec 2025
  • This records an increase from the previous number of 19.347 % for Sep 2025
  • Montenegro Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 15.427 % from Dec 2006 to Dec 2025, with 77 observations
  • The data reached an all-time high of 43.947 % in Dec 2020 and a record low of 7.241 % in Mar 2009
  • 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 2006 to Dec 2025 in the chart:

Montenegro Foreign Exchange Reserves: % of GDP

What was Montenegro's Foreign Exchange Reserves: % of GDP in Dec 2025?

Montenegro Foreign Exchange Reserves: % of GDP was reported at 22.409 % in Dec 2025 See the table below for more data.

Last Previous Min Max Unit Frequency Range
22.409 Dec 2025 19.347 Sep 2025 7.241 Mar 2009 43.947 Dec 2020 % quarterly Dec 2006 - Dec 2025

Foreign Exchange Reserves: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 25.279 Dec 2025 quarterly Dec 1995 - Dec 2025
Algeria (%) 20.152 Jun 2025 quarterly Dec 1999 - Jun 2025
Argentina (%) 4.670 Dec 2025 quarterly Dec 2004 - Dec 2025
Armenia (%) 18.421 Mar 2026 quarterly Dec 2013 - Mar 2026
Australia (%) 2.121 Mar 2026 quarterly Sep 1969 - Mar 2026
Austria (%) 0.849 Mar 2026 quarterly Dec 1995 - Mar 2026
Azerbaijan (%) 17.002 Dec 2025 quarterly Dec 2001 - Dec 2025
Bahrain (%) 7.773 Dec 2025 quarterly Dec 2007 - Dec 2025
Bangladesh (%) 4.000 May 2026 monthly Oct 1999 - May 2026
Belarus (%) 5.900 Dec 2025 quarterly Dec 2009 - Dec 2025
Belgium (%) 0.895 Dec 2025 quarterly Mar 1999 - Dec 2025
Bolivia (%) 0.100 Dec 2024 quarterly Mar 1999 - Dec 2024
Bosnia and Herzegovina (%) 30.773 Dec 2025 quarterly Dec 2008 - Dec 2025
Botswana (%) 17.531 Dec 2025 quarterly Jun 1994 - Dec 2025
Brazil (%) 13.169 Mar 2026 quarterly Dec 2000 - Mar 2026
Brunei (%) 5.000 May 2026 monthly Jan 2006 - May 2026
Bulgaria (%) 28.561 Dec 2025 quarterly Sep 2003 - Dec 2025
Cambodia (%) 7.000 May 2026 monthly Jan 2008 - May 2026
Canada (%) 4.237 Dec 2025 quarterly Jun 1999 - Dec 2025
Chile (%) 12.678 Dec 2025 quarterly Dec 1996 - Dec 2025
China (%) 6.200 Apr 2026 monthly Jan 1985 - Apr 2026
Colombia (%) 13.303 Dec 2025 quarterly Dec 2000 - Dec 2025
Croatia (%) 39.884 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 0.691 Dec 2025 quarterly Mar 2002 - Dec 2025
Czech Republic (%) 41.263 Dec 2025 quarterly Mar 2000 - Dec 2025
Denmark (%) 18.898 Mar 2026 quarterly Mar 2002 - Mar 2026
Ecuador (%) 4.648 Dec 2025 quarterly Dec 2000 - Dec 2025
Egypt (%) 7.451 Dec 2025 quarterly Dec 2004 - Dec 2025
Estonia (%) 3.901 Dec 2025 quarterly Sep 2002 - Dec 2025
European Union (%) 1.857 Mar 2026 quarterly Dec 1999 - Mar 2026
Finland (%) 3.221 Dec 2025 quarterly Mar 2000 - Dec 2025
France (%) 0.965 Mar 2026 quarterly Mar 2004 - Mar 2026
Georgia (%) 12.250 Dec 2025 quarterly Dec 1996 - Dec 2025
Germany (%) 0.737 Mar 2026 quarterly Dec 1991 - Mar 2026
Ghana (%) 5.420 Sep 2025 quarterly Dec 2006 - Sep 2025
Greece (%) 1.417 Dec 2025 quarterly Mar 2004 - Dec 2025
Hong Kong SAR, China (%) 99.609 Mar 2026 quarterly Jun 2000 - Mar 2026
Hungary (%) 18.531 Mar 2026 quarterly Mar 2006 - Mar 2026
Iceland (%) 17.102 Dec 2025 quarterly Dec 2000 - Dec 2025
India (%) 3.000 May 2026 monthly Sep 1962 - May 2026
Indonesia (%) 9.000 Apr 2026 monthly Jan 1997 - Apr 2026
Ireland (%) 0.644 Dec 2025 quarterly Mar 1999 - Dec 2025
Israel (%) 34.817 Mar 2026 quarterly Dec 2001 - Mar 2026
Italy (%) 2.062 Dec 2025 quarterly Dec 1999 - Dec 2025
Ivory Coast (%) 0.005 Mar 2023 quarterly Dec 1997 - Mar 2023
Japan (%) 0.840 Mar 2026 monthly Oct 1980 - Mar 2026
Jordan (%) 26.350 Dec 2025 quarterly Dec 1992 - Dec 2025
Kazakhstan (%) 5.188 Dec 2025 quarterly Dec 2002 - Dec 2025
Kenya (%) 8.419 Sep 2025 quarterly Dec 2009 - Sep 2025
South Korea (%) 7.000 May 2026 monthly Nov 1979 - May 2026
Kosovo (%) 10.586 Dec 2025 quarterly Dec 2010 - Dec 2025
Kuwait (%) 22.581 Dec 2025 quarterly Dec 2010 - Dec 2025
Kyrgyzstan (%) 5.780 Mar 2026 quarterly Dec 2000 - Mar 2026
Laos (%) 8.000 May 2026 monthly Jan 2002 - May 2026
Latvia (%) 8.882 Mar 2026 quarterly Mar 1997 - Mar 2026
Lebanon (%) 9.106 2023 yearly 2004 - 2023
Lithuania (%) 5.415 Mar 2026 quarterly Dec 1995 - Mar 2026
Luxembourg (%) 0.048 Mar 2026 quarterly Mar 1999 - Mar 2026
Macau SAR, China (%) 56.396 Mar 2026 quarterly Dec 2001 - Mar 2026
North Macedonia (%) 25.436 Mar 2026 quarterly Dec 2000 - Mar 2026
Malawi (%) 7.753 2019 yearly 2002 - 2019
Malaysia (%) 1.000 Mar 2026 monthly Jan 1959 - Mar 2026
Malta (%) 4.034 Sep 2025 quarterly Dec 1995 - Sep 2025
Mauritius (%) 51.098 Dec 2025 quarterly Dec 2006 - Dec 2025
Mexico (%) 11.998 Mar 2026 quarterly Mar 2000 - Mar 2026
Moldova (%) 29.314 Dec 2025 quarterly Mar 2000 - Dec 2025
Mongolia (%) 22.945 Dec 2025 quarterly Dec 2010 - Dec 2025
Montenegro (%) 22.409 Dec 2025 quarterly Dec 2006 - Dec 2025
Morocco (%) 23.122 Dec 2025 quarterly Dec 2007 - Dec 2025
Mozambique (%) 16.441 2024 yearly 1984 - 2024
Myanmar (%) 3.750 Apr 2026 monthly May 2011 - Apr 2026
Nepal (%) 4.000 May 2026 monthly Jul 2003 - May 2026
Netherlands (%) 0.914 Mar 2026 quarterly Sep 1999 - Mar 2026
New Zealand (%) 9.623 Dec 2025 quarterly Sep 2005 - Dec 2025
Nigeria (%) 16.055 Dec 2025 quarterly Dec 2010 - Dec 2025
Norway (%) 14.273 Mar 2026 quarterly Mar 1999 - Mar 2026
Oman (%) 15.503 Dec 2025 quarterly Dec 2005 - Dec 2025
Pakistan (%) 5.000 May 2026 monthly Jul 2006 - May 2026
Palestinian Territory (%) 15.863 Dec 2025 quarterly Mar 2006 - Dec 2025
Panama (%) 6.239 Dec 2025 quarterly Dec 2007 - Dec 2025
Paraguay (%) 18.265 Dec 2025 quarterly Dec 1994 - Dec 2025
Peru (%) 23.880 Mar 2026 quarterly Dec 1990 - Mar 2026
Philippines (%) 5.000 May 2026 monthly May 1986 - May 2026
Poland (%) 18.281 Mar 2026 quarterly Mar 1998 - Mar 2026
Portugal (%) 3.096 Mar 2026 quarterly Dec 1999 - Mar 2026
Qatar (%) 17.652 Dec 2025 quarterly Dec 2010 - Dec 2025
Romania (%) 16.227 Dec 2025 quarterly Jun 2005 - Dec 2025
Russia (%) 15.452 Dec 2025 quarterly Dec 2011 - Dec 2025
Saudi Arabia (%) 36.471 Mar 2026 quarterly Dec 2003 - Mar 2026
Serbia (%) 25.716 Dec 2025 quarterly Mar 2004 - Dec 2025
Singapore (%) 65.459 Mar 2026 quarterly Jun 2000 - Mar 2026
Slovakia (%) 7.000 Mar 2026 quarterly Dec 1999 - Mar 2026
Slovenia (%) 1.935 Dec 2025 quarterly Dec 1995 - Dec 2025
South Africa (%) 11.605 Mar 2026 quarterly Mar 2001 - Mar 2026
Spain (%) 3.424 Mar 2026 quarterly Dec 1995 - Mar 2026
Sri Lanka (%) 2.000 Nov 2025 monthly Mar 1997 - Nov 2025
Sudan (%) 0.000 2017 yearly 1960 - 2017
Sweden (%) 6.521 Mar 2026 quarterly Mar 2000 - Mar 2026
Switzerland (%) 83.208 Mar 2026 quarterly Mar 2006 - Mar 2026
Syria (%) 31.149 2010 yearly 1990 - 2010

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 Mar 2026 quarterly Dec 2012 - Mar 2026
Consolidated Fiscal Balance (USD mn) 117.459 Apr 2026 monthly Jan 2012 - Apr 2026
Tax Revenue (USD mn) 297.123 Apr 2026 monthly Jan 2012 - Apr 2026
Tax Revenue: % of GDP (%) 31.0 Mar 2026 quarterly Mar 2012 - Mar 2026
National Government Debt (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
Government Debt: % of GDP (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (EUR bn) 5.113 2031 yearly 2002 - 2031
Forecast: Government Net Debt (EUR bn) 7.483 2031 yearly 2002 - 2031
Forecast: Government Revenue (EUR bn) 4.623 2031 yearly 2002 - 2031
General Government Revenue: Consolidated (EUR) 338,381,084.750 Apr 2026 monthly Jan 2012 - Apr 2026
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,123,004.540 Apr 2026 monthly Jan 2012 - Apr 2026
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 105,556,931.350 Apr 2026 monthly Jan 2012 - Apr 2026
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 100,417,957.660 Apr 2026 monthly Jan 2012 - Apr 2026
General Govt Revenue: Cons: Taxes (EUR) 254,016,557.000 Apr 2026 monthly Jan 2012 - Apr 2026
General Govt Expenditure: Cons: ow Current (EUR) 224,497,866.320 Apr 2026 monthly Jan 2012 - Apr 2026
General Govt Expenditure: Consolidated (EUR) 237,963,127.090 Apr 2026 monthly Jan 2012 - Apr 2026
Gross General Government External Debt (EUR mn) 4,417.700 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt (EUR mn) 4,705.330 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt: Domestic (EUR mn) 287.630 Sep 2025 monthly Dec 2010 - Sep 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -402.7 Mar 2026 monthly Jan 2005 - Mar 2026
Total Exports (USD mn) 56.5 Apr 2026 monthly Jan 2005 - Apr 2026
Total Exports Growth (%) -4.9 Mar 2026 monthly Jan 2006 - Mar 2026
Aluminum: Exports (USD th) 41,867.902 2024 yearly 2008 - 2024
Exports: Medicament (USD th) 41,859.324 2024 yearly 2008 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 95.438 2024 yearly 2008 - 2024
Total Imports (USD mn) 461.2 Mar 2026 monthly Jan 2005 - Mar 2026
Total Imports Growth (%) 4.3 Apr 2026 monthly Jan 2006 - Apr 2026
Imports: Medicament (USD th) 161,040.012 2024 yearly 2008 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 69,267.944 2024 yearly 2008 - 2024
Total Exports to USA (USD mn) 0.702 Mar 2026 monthly Jan 2010 - Mar 2026
Total Imports from USA (USD mn) 7.221 Apr 2026 monthly Jan 2006 - Apr 2026
Total Exports to China (USD mn) 1.559 Mar 2026 monthly Jan 2010 - Mar 2026
Total Imports from China (USD mn) 60.613 Apr 2026 monthly Jan 2006 - Apr 2026
Exports: Europe: CEFTA: Serbia (EUR th) 13,048.542 Apr 2026 monthly Mar 2009 - Apr 2026
Exports: Europe: EU-28: Slovenia (EUR th) 2,132.960 Apr 2026 monthly Mar 2009 - Apr 2026
Exports: Machinery & Transport Equipment (EUR th) 3,110.071 Apr 2026 monthly Mar 2009 - Apr 2026
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 16,708.945 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Manufactured Goods (EUR th) 1,817.633 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Crude Materials: excl Fuels (EUR th) 8,387.819 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Food & Live Animals (EUR th) 5,541.696 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Europe: CEFTA: Serbia (EUR th) 68,246.476 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Europe: EU-28: Greece (EUR th) 21,927.367 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Manufactured Goods (EUR th) 61,222.682 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Miscellaneous Manufactured Goods (EUR th) 58,175.762 Apr 2026 monthly Mar 2009 - Apr 2026
Imports: Food & Live Animals (EUR th) 73,838.088 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Machinery & Transport Equipment (EUR th) 94,774.504 Apr 2026 monthly Mar 2009 - Apr 2026
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 31,824.470 Mar 2026 monthly Mar 2009 - Mar 2026
Imports (EUR th) 399,027.617 Mar 2026 monthly Jan 2005 - Mar 2026
Exports (EUR th) 50,589.553 Mar 2026 monthly Jan 2005 - Mar 2026
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 21.8 Dec 2025 quarterly Mar 2005 - Dec 2025
Current Account Balance (USD mn) 69.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance: % of GDP (%) -36.0 Mar 2026 quarterly Mar 2010 - Mar 2026
Foreign Direct Investment (USD mn) 123.4 Mar 2026 quarterly Mar 2005 - Mar 2026
Foreign Direct Investment: % of GDP (%) 9.0 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment (USD mn) -71.408 Mar 2026 quarterly Mar 2005 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) -3.8 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 149.6 Dec 2025 quarterly Mar 2007 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 63.675 Dec 2025 quarterly Mar 2007 - Dec 2025
External Debt (USD mn) 8,741.3 2024 yearly 2006 - 2024
External Debt: % of GDP (%) 105.7 2024 yearly 2006 - 2024
External Debt: Short Term (USD mn) 235.2 2024 yearly 2007 - 2024
External Debt: Short Term: % of GDP (%) 2.8 2024 yearly 2007 - 2024
Forecast: Current Account Balance (USD bn) -2.088 2031 yearly 2001 - 2031
BoP: Current Account: Goods: Import (EUR th) 645,611.036 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: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 65,139,405.970 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 112,506,571.770 2023 yearly 2001 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 30.0 Mar 2026 quarterly Mar 2007 - Mar 2026
Non-Performing Loans (USD mn) 205.823 Jun 2024 monthly Dec 2010 - Jun 2024
M2 Growth (%) 9.9 2024 yearly 2003 - 2024
Reserve Requirement Ratio (%) 5.5 Mar 2026 monthly Jan 2002 - Mar 2026
Foreign Exchange Reserves (USD mn) 2,081.3 Dec 2025 monthly Dec 2002 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 22.409 Dec 2025 quarterly Dec 2006 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 4.5 Dec 2025 monthly Jan 2005 - Dec 2025
Gold Reserves (USD mn) 0.000 Dec 2025 monthly Dec 2002 - Dec 2025
Total Deposits (USD mn) 6,879.518 Apr 2026 monthly Jan 2003 - Apr 2026
Total Deposits Growth (%) 5.2 Mar 2026 monthly Jan 2004 - Mar 2026
Domestic Credit (USD mn) 4,993.0 Mar 2026 monthly Jan 2005 - Mar 2026
Domestic Credit Growth (%) 10.7 Mar 2026 monthly Jan 2006 - Mar 2026
Household Debt (USD mn) 2,956.0 Apr 2026 monthly Dec 2004 - Apr 2026
Total Loans (USD mn) 6,442.943 Mar 2026 monthly Jan 2003 - Mar 2026
Total Loans Growth (%) 13.25 Apr 2026 monthly Jan 2004 - Apr 2026
Private Debt: % of Nominal GDP (%) 50.62 Dec 2025 quarterly Mar 2007 - Dec 2025
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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