Montenegro Foreign Exchange Reserves: Months of Import

2005 - 2025 | Monthly | NA | CEIC Data

Key information about Montenegro Foreign Exchange Reserves: Months of Import

  • Montenegro Foreign Exchange Reserves equaled 4.5 Months of Import in Dec 2025, compared with the ratio of 4.2 in the previous month
  • Montenegro Foreign Exchange Reserves: Months of Import data is updated monthly, available from Jan 2005 to Dec 2025
  • The data reached an all-time high of 16.2 in Jan 2021 and a record low of 1.0 in Jan 2005

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


Further information about Montenegro Foreign Exchange Reserves: Months of Import

  • In the latest reports, Montenegro Foreign Exchange Reserves was measured at 2.1 USD bn in Dec 2025
  • Its Money Supply M2 increased 9.9 % YoY in Dec 2024
  • Montenegro Domestic Credit reached 5.0 USD bn in Mar 2026, representing an increased of 10.7 % YoY
  • The country's Non Performing Loans Ratio stood at 4.3 % in Jun 2024, compared with the ratio of 4.6 % in the previous month
  • Household Debt of Montenegro reached 2.9 USD bn in Mar 2026, accounting for 29.2 % of the country's Nominal GDP

View Montenegro's Foreign Exchange Reserves: Months of Import from Jan 2005 to Dec 2025 in the chart:

Montenegro Foreign Exchange Reserves: Months of Import

What was Montenegro's Foreign Exchange Reserves: Months of Import in Dec 2025?

Montenegro Foreign Exchange Reserves equaled 4.5 Months of Import in Dec 2025, compared with the ratio of 4.2 in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.5 Dec 2025 4.2 Nov 2025 1.0 Jan 2005 16.2 Jan 2021 NA monthly Jan 2005 - Dec 2025

Foreign Exchange Reserves: Months of Import by Country Comparison

country/region Last Frequency Range
Albania (NA) 9.3 Feb 2026 monthly Dec 1993 - Feb 2026
Algeria (NA) 15.7 Dec 2020 monthly Jan 2000 - Dec 2020
Argentina (NA) 4.3 Oct 2025 monthly Jan 1990 - Oct 2025
Armenia (NA) 5.6 Apr 2026 monthly Jan 2000 - Apr 2026
Australia (NA) 1.5 Sep 2025 monthly Jul 1971 - Sep 2025
Austria (NA) 0.3 Feb 2026 monthly Jan 1957 - Feb 2026
Azerbaijan (NA) 9.7 Apr 2026 monthly Mar 1994 - Apr 2026
Bahrain (NA) 2.1 2025 yearly 1966 - 2025
Bangladesh (NA) 5.3 Feb 2026 monthly Jul 1986 - Feb 2026
Belarus (NA) 1.3 Mar 2026 monthly Dec 2002 - Mar 2026
Belgium (NA) 0.1 Dec 2025 monthly Jan 1999 - Dec 2025
Bolivia (NA) 0.7 Jan 2026 monthly Jan 2000 - Jan 2026
Bosnia and Herzegovina (NA) 6.0 Mar 2026 monthly Jan 2000 - Mar 2026
Botswana (NA) 7.2 Sep 2025 monthly Jan 2003 - Sep 2025
Brazil (NA) 13.5 Apr 2026 monthly Nov 2000 - Apr 2026
Brunei (NA) 10.2 Feb 2026 monthly Jan 2010 - Feb 2026
Bulgaria (NA) 0.1 Mar 2026 monthly Sep 2003 - Mar 2026
Cambodia (NA) 6.0 May 2025 monthly Jan 2010 - May 2025
Canada (NA) 1.8 Mar 2026 monthly Jun 1999 - Mar 2026
Chile (NA) 5.9 Apr 2026 monthly Jan 2003 - Apr 2026
China (NA) 12.4 Apr 2026 monthly Jan 2000 - Apr 2026
Colombia (NA) 10.4 Jan 2026 monthly Jan 1980 - Jan 2026
Croatia (NA) 8.0 Dec 2022 monthly Jan 1999 - Dec 2022
Cyprus (NA) 0.2 Mar 2026 monthly Jan 2002 - Mar 2026
Czech Republic (NA) 6.7 Mar 2026 monthly Mar 2000 - Mar 2026
Denmark (NA) 6.8 Mar 2026 monthly Jan 2002 - Mar 2026
Ecuador (NA) 2.1 Mar 2026 monthly Jan 2005 - Mar 2026
Egypt (NA) 4.3 Oct 2025 monthly Dec 2004 - Oct 2025
Estonia (NA) 0.7 Mar 2026 monthly Jan 2001 - Mar 2026
European Union (NA) 1.4 Feb 2026 monthly Jan 2002 - Feb 2026
Finland (NA) 1.3 Mar 2026 monthly Jan 2000 - Mar 2026
France (NA) 0.5 Mar 2026 monthly Feb 2004 - Mar 2026
Georgia (NA) 3.3 Apr 2026 monthly Oct 1995 - Apr 2026
Germany (NA) 0.3 Mar 2026 monthly Jan 1957 - Mar 2026
Ghana (NA) 3.0 Oct 2025 monthly Mar 2005 - Oct 2025
Greece (NA) 0.5 Mar 2026 monthly Jan 2004 - Mar 2026
Hong Kong SAR, China (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Hungary (NA) 3.4 Apr 2026 monthly Jan 2002 - Apr 2026
Iceland (NA) 5.9 Apr 2026 monthly Oct 2000 - Apr 2026
India (NA) 7.4 Oct 2025 monthly Apr 1990 - Oct 2025
Indonesia (NA) 4.9 Apr 2026 monthly Jan 2008 - Apr 2026
Ireland (NA) 0.4 Feb 2026 monthly Jan 1999 - Feb 2026
Israel (NA) 25.1 Apr 2026 monthly Dec 2001 - Apr 2026
Italy (NA) 1.0 Feb 2026 monthly Dec 1999 - Feb 2026
Ivory Coast (NA) 0.0 Mar 2025 monthly Jan 1981 - Mar 2025
Japan (NA) 18.5 Apr 2026 monthly Apr 2000 - Apr 2026
Jordan (NA) 7.6 Mar 2026 monthly Jan 1972 - Mar 2026
Kazakhstan (NA) 2.4 Mar 2026 monthly Dec 2002 - Mar 2026
Kenya (NA) 5.3 Feb 2026 monthly Sep 2005 - Feb 2026
South Korea (NA) 6.6 May 2026 monthly Jan 1971 - May 2026
Kosovo (NA) 1.8 Dec 2025 monthly Jan 2003 - Dec 2025
Kuwait (NA) 9.2 Dec 2025 quarterly Mar 1973 - Dec 2025
Kyrgyzstan (NA) 1.3 Mar 2026 monthly Jan 2003 - Mar 2026
Laos (NA) 3.1 Jun 2025 quarterly Mar 2004 - Jun 2025
Latvia (NA) 1.7 Mar 2026 monthly Jan 1997 - Mar 2026
Lebanon (NA) 5.7 Apr 2025 monthly Jan 1993 - Apr 2025
Lithuania (NA) 1.2 Mar 2026 monthly Jan 1999 - Mar 2026
Luxembourg (NA) 0.0 Mar 2026 monthly Jan 1999 - Mar 2026
Macau SAR, China (NA) 18.6 Mar 2026 monthly Jan 2000 - Mar 2026
North Macedonia (NA) 3.7 Apr 2026 monthly Jan 2002 - Apr 2026
Malawi (NA) 1.7 Oct 2021 monthly Jan 1994 - Oct 2021
Malaysia (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Malta (NA) 1.5 Mar 2026 monthly Oct 1994 - Mar 2026
Mauritius (NA) 15.8 Feb 2026 monthly Jan 2006 - Feb 2026
Mexico (NA) 3.4 Apr 2026 monthly Jan 2000 - Apr 2026
Moldova (NA) 5.6 Mar 2026 monthly Jan 2005 - Mar 2026
Mongolia (NA) 6.3 Jan 2026 monthly Jan 1997 - Jan 2026
Montenegro (NA) 4.5 Dec 2025 monthly Jan 2005 - Dec 2025
Morocco (NA) 6.4 Mar 2026 monthly Dec 2001 - Mar 2026
Mozambique (NA) 4.8 Dec 2025 monthly Jan 2011 - Dec 2025
Myanmar (NA) 5.2 Jun 2022 quarterly Sep 2010 - Jun 2022
Nepal (NA) 15.4 Apr 2026 monthly Aug 2003 - Apr 2026
Netherlands (NA) 0.2 Mar 2026 monthly Sep 1999 - Mar 2026
New Zealand (NA) 7.6 Mar 2026 monthly Sep 2005 - Mar 2026
Nigeria (NA) 11.1 Dec 2025 monthly Jan 2003 - Dec 2025
Norway (NA) 8.4 Apr 2026 monthly Jan 1999 - Apr 2026
Oman (NA) 4.3 Dec 2025 monthly Jan 1975 - Dec 2025
Pakistan (NA) 3.1 Apr 2026 monthly Jan 1996 - Apr 2026
Palestinian Territory (NA) 1.2 Mar 2026 monthly Jan 2011 - Mar 2026
Panama (NA) 3.0 Mar 2026 monthly Jan 2000 - Mar 2026
Paraguay (NA) 5.9 Apr 2026 monthly Jan 1994 - Apr 2026
Peru (NA) 14.8 Mar 2026 monthly Jan 1985 - Mar 2026
Philippines (NA) 6.1 Apr 2026 monthly Jan 1979 - Apr 2026
Poland (NA) 5.1 Mar 2026 monthly Jan 2000 - Mar 2026
Portugal (NA) 0.9 Mar 2026 monthly Dec 1999 - Mar 2026
Qatar (NA) 22.5 Mar 2026 monthly Jan 1998 - Mar 2026
Romania (NA) 5.4 Mar 2026 monthly Apr 2005 - Mar 2026
Russia (NA) 15.9 Mar 2026 monthly Jan 1998 - Mar 2026
Saudi Arabia (NA) 20.6 2025 yearly 1957 - 2025
Serbia (NA) 5.3 Mar 2026 monthly Jan 2004 - Mar 2026
Singapore (NA) 7.0 Apr 2026 monthly Apr 2000 - Apr 2026
Slovakia (NA) 1.0 Mar 2026 monthly Jan 2004 - Mar 2026
Slovenia (NA) 0.2 Apr 2026 monthly Jan 1996 - Apr 2026
South Africa (NA) 5.6 Mar 2026 monthly Oct 2004 - Mar 2026
Spain (NA) 1.7 Feb 2026 monthly Jan 1987 - Feb 2026
Sri Lanka (NA) 2.7 Apr 2026 monthly Jan 1982 - Apr 2026
Sudan (NA) 0.0 Dec 2017 monthly Jan 2003 - Dec 2017
Sweden (NA) 2.3 Apr 2026 monthly Mar 2000 - Apr 2026
Switzerland (NA) 19.8 Apr 2026 monthly Jun 1999 - Apr 2026
Syria (NA) 9.8 Jun 2011 quarterly Mar 1960 - Jun 2011

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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 Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 105,556,931.350 Apr 2026 monthly Jan 2012 - Apr 2026
General Govt Expenditure: Consolidated (EUR) 237,963,127.090 Apr 2026 monthly Jan 2012 - Apr 2026
General Government Revenue: Consolidated (EUR) 338,381,084.750 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: Excises (EUR) 28,123,004.540 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 Revenue: Cons: Taxes (EUR) 254,016,557.000 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: Crude Materials: excl Fuels (EUR th) 8,387.819 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Manufactured Goods (EUR th) 1,817.633 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: EU-28: Greece (EUR th) 21,927.367 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Europe: CEFTA: Serbia (EUR th) 68,246.476 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: Manufactured Goods (EUR th) 61,222.682 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: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
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
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 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: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 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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