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 4.4 Months of Import in Nov 2025, compared with the ratio of 3.6 in the previous month
  • Montenegro Foreign Exchange Reserves: Months of Import data is updated monthly, available from Jan 2005 to Nov 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 1.6 USD bn in Nov 2025
  • Its Money Supply M2 increased 9.9 % YoY in Dec 2024
  • Montenegro Domestic Credit reached 4.8 USD bn in Nov 2025, representing an increased of 18.6 % 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 2.7 USD bn in Nov 2025, accounting for 28.3 % of the country's Nominal GDP

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

Montenegro Foreign Exchange Reserves: Months of Import

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

Montenegro Foreign Exchange Reserves equaled 4.4 Months of Import in Nov 2025, compared with the ratio of 3.6 in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.4 Nov 2025 3.6 Oct 2025 1.0 Jan 2005 16.2 Jan 2021 NA monthly Jan 2005 - Nov 2025

Foreign Exchange Reserves: Months of Import by Country Comparison

country/region Last Frequency Range
Albania (NA) 7.7 Oct 2025 monthly Dec 1993 - Oct 2025
Algeria (NA) 15.7 Dec 2020 monthly Jan 2000 - Dec 2020
Argentina (NA) 4.3 Oct 2025 monthly Jan 1990 - Oct 2025
Armenia (NA) 3.3 Nov 2025 monthly Jan 2000 - Nov 2025
Australia (NA) 1.5 Sep 2025 monthly Jul 1971 - Sep 2025
Austria (NA) 0.2 Oct 2025 monthly Jan 1957 - Oct 2025
Azerbaijan (NA) 6.8 Nov 2025 monthly Mar 1994 - Nov 2025
Bahrain (NA) 2.2 2024 yearly 1966 - 2024
Bangladesh (NA) 4.4 Oct 2025 monthly Jul 1986 - Oct 2025
Belarus (NA) 1.3 Oct 2025 monthly Dec 2002 - Oct 2025
Belgium (NA) 0.1 Nov 2025 monthly Jan 1999 - Nov 2025
Bolivia (NA) 0.2 Aug 2025 monthly Jan 2000 - Aug 2025
Bosnia and Herzegovina (NA) 7.1 Nov 2025 monthly Jan 2000 - Nov 2025
Botswana (NA) 7.2 Sep 2025 monthly Jan 2003 - Sep 2025
Brazil (NA) 14.5 Dec 2025 monthly Nov 2000 - Dec 2025
Brunei (NA) 5.7 Dec 2024 monthly Jan 2010 - Dec 2024
Bulgaria (NA) 7.1 Nov 2025 monthly Sep 2003 - Nov 2025
Cambodia (NA) 6.0 May 2025 monthly Jan 2010 - May 2025
Canada (NA) 2.0 Sep 2025 monthly Jun 1999 - Sep 2025
Chile (NA) 5.9 Dec 2025 monthly Jan 2003 - Dec 2025
China (NA) 13.8 Dec 2025 monthly Jan 2000 - Dec 2025
Colombia (NA) 9.2 Oct 2025 monthly Jan 1980 - Oct 2025
Croatia (NA) 8.0 Dec 2022 monthly Jan 1999 - Dec 2022
Cyprus (NA) 0.2 Nov 2025 monthly Jan 2002 - Nov 2025
Czech Republic (NA) 6.7 Oct 2025 monthly Mar 2000 - Oct 2025
Denmark (NA) 7.2 Nov 2025 monthly Jan 2002 - Nov 2025
Ecuador (NA) 1.9 Oct 2025 monthly Jan 2005 - Oct 2025
Egypt (NA) 4.3 Oct 2025 monthly Dec 2004 - Oct 2025
Estonia (NA) 0.9 Nov 2025 monthly Jan 2001 - Nov 2025
European Union (NA) 1.3 Nov 2025 monthly Jan 2002 - Nov 2025
Finland (NA) 1.3 Oct 2025 monthly Jan 2000 - Oct 2025
France (NA) 0.5 Nov 2025 monthly Feb 2004 - Nov 2025
Georgia (NA) 2.5 Dec 2025 monthly Oct 1995 - Dec 2025
Germany (NA) 0.3 Nov 2025 monthly Jan 1957 - Nov 2025
Ghana (NA) 2.4 Jan 2024 monthly Mar 2005 - Jan 2024
Greece (NA) 0.5 Nov 2025 monthly Jan 2004 - Nov 2025
Hong Kong SAR, China (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Hungary (NA) 2.8 Nov 2025 monthly Jan 2002 - Nov 2025
Iceland (NA) 7.4 Dec 2025 monthly Oct 2000 - Dec 2025
India (NA) 7.4 Oct 2025 monthly Apr 1990 - Oct 2025
Indonesia (NA) 6.5 Nov 2025 monthly Jan 2008 - Nov 2025
Ireland (NA) 0.3 Nov 2025 monthly Jan 1999 - Nov 2025
Israel (NA) 27.1 Nov 2025 monthly Dec 2001 - Nov 2025
Italy (NA) 1.0 Nov 2025 monthly Dec 1999 - Nov 2025
Ivory Coast (NA) 0.0 Mar 2025 monthly Jan 1981 - Mar 2025
Japan (NA) 19.4 Nov 2025 monthly Apr 2000 - Nov 2025
Jordan (NA) 4.7 Oct 2025 monthly Jan 1972 - Oct 2025
Kazakhstan (NA) 2.5 Nov 2025 monthly Dec 2002 - Nov 2025
Kenya (NA) 4.9 Sep 2025 monthly Sep 2005 - Sep 2025
South Korea (NA) 7.0 Dec 2025 monthly Jan 1971 - Dec 2025
Kosovo (NA) 2.3 Oct 2025 monthly Jan 2003 - Oct 2025
Kuwait (NA) 11.8 Jun 2025 quarterly Mar 1973 - Jun 2025
Kyrgyzstan (NA) 2.0 Oct 2025 monthly Jan 2003 - Oct 2025
Laos (NA) 2.9 Jun 2025 quarterly Mar 2004 - Jun 2025
Latvia (NA) 2.1 Nov 2025 monthly Jan 1997 - Nov 2025
Lebanon (NA) 5.7 Apr 2025 monthly Jan 1993 - Apr 2025
Lithuania (NA) 1.3 Nov 2025 monthly Jan 1999 - Nov 2025
Luxembourg (NA) 0.0 Oct 2025 monthly Jan 1999 - Oct 2025
Macau SAR, China (NA) 21.5 Nov 2025 monthly Jan 2000 - Nov 2025
North Macedonia (NA) 4.3 Nov 2025 monthly Jan 2002 - Nov 2025
Malawi (NA) 1.7 Oct 2021 monthly Jan 1994 - Oct 2021
Malaysia (NA) 5.8 Oct 2025 monthly Dec 1990 - Oct 2025
Malta (NA) 1.2 Oct 2025 monthly Oct 1994 - Oct 2025
Mauritius (NA) 11.1 Oct 2025 monthly Jan 2006 - Oct 2025
Mexico (NA) 3.9 Nov 2025 monthly Jan 2000 - Nov 2025
Moldova (NA) 5.2 Nov 2025 monthly Jan 2005 - Nov 2025
Mongolia (NA) 5.3 Dec 2025 monthly Jan 1997 - Dec 2025
Montenegro (NA) 4.4 Nov 2025 monthly Jan 2005 - Nov 2025
Morocco (NA) 5.5 Nov 2025 monthly Dec 2001 - Nov 2025
Mozambique (NA) 5.6 Sep 2025 monthly Jan 2011 - Sep 2025
Myanmar (NA) 5.2 Jun 2022 quarterly Sep 2010 - Jun 2022
Nepal (NA) 19.2 Nov 2025 monthly Aug 2003 - Nov 2025
Netherlands (NA) 0.1 Nov 2025 monthly Sep 1999 - Nov 2025
New Zealand (NA) 7.0 Nov 2025 monthly Sep 2005 - Nov 2025
Nigeria (NA) 9.8 Jul 2025 monthly Jan 2003 - Jul 2025
Norway (NA) 8.1 Dec 2025 monthly Jan 1999 - Dec 2025
Oman (NA) 4.3 Oct 2025 monthly Jan 1975 - Oct 2025
Pakistan (NA) 3.6 Nov 2025 monthly Jan 1996 - Nov 2025
Palestinian Territory (NA) 0.9 Oct 2025 monthly Jan 2011 - Oct 2025
Panama (NA) 3.5 Oct 2025 monthly Jan 2000 - Oct 2025
Paraguay (NA) 5.9 Dec 2025 monthly Jan 1994 - Dec 2025
Peru (NA) 15.5 Oct 2025 monthly Jan 1985 - Oct 2025
Philippines (NA) 8.5 Nov 2025 monthly Jan 1979 - Nov 2025
Poland (NA) 4.9 Oct 2025 monthly Jan 2000 - Oct 2025
Portugal (NA) 1.1 Nov 2025 monthly Dec 1999 - Nov 2025
Qatar (NA) 11.6 Nov 2025 monthly Jan 1998 - Nov 2025
Romania (NA) 5.8 Nov 2025 monthly Apr 2005 - Nov 2025
Russia (NA) 17.0 Oct 2025 monthly Jan 1998 - Oct 2025
Saudi Arabia (NA) 21.3 2024 yearly 1957 - 2024
Serbia (NA) 6.8 Nov 2025 monthly Jan 2004 - Nov 2025
Singapore (NA) 8.0 Dec 2025 monthly Apr 2000 - Dec 2025
Slovakia (NA) 1.1 Nov 2025 monthly Jan 2004 - Nov 2025
Slovenia (NA) 0.3 Aug 2025 monthly Jan 1996 - Aug 2025
South Africa (NA) 5.5 Nov 2025 monthly Oct 2004 - Nov 2025
Spain (NA) 1.4 Oct 2025 monthly Jan 1987 - Oct 2025
Sri Lanka (NA) 3.3 Nov 2025 monthly Jan 1982 - Nov 2025
Sudan (NA) 0.0 Dec 2017 monthly Jan 2003 - Dec 2017
Sweden (NA) 2.7 Nov 2025 monthly Mar 2000 - Nov 2025
Switzerland (NA) 19.1 Nov 2025 monthly Jun 1999 - Nov 2025
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 (%) -5.1 Sep 2025 quarterly Dec 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) -68.106 Nov 2025 monthly Jan 2012 - Nov 2025
Tax Revenue (USD mn) 178.971 Nov 2025 monthly Jan 2012 - Nov 2025
Tax Revenue: % of GDP (%) 24.2 Sep 2025 quarterly Mar 2012 - Sep 2025
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) 4.812 2030 yearly 2002 - 2030
Forecast: Government Net Debt (EUR bn) 6.956 2030 yearly 2002 - 2030
Forecast: Government Revenue (EUR bn) 4.350 2030 yearly 2002 - 2030
General Govt Revenue: Cons: Taxes (EUR) 154,846,007.130 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Expenditure: Cons: ow Current (EUR) 229,912,079.780 Nov 2025 monthly Jan 2012 - Nov 2025
General Government Revenue: Consolidated (EUR) 196,828,385.980 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -58,925,142.570 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Expenditure: Consolidated (EUR) 255,753,528.550 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 107,592,791.440 Nov 2025 monthly Jan 2012 - Nov 2025
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,400,492.250 Nov 2025 monthly Jan 2012 - Nov 2025
Gross General Government External Debt (EUR mn) 4,417.700 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt: Domestic (EUR mn) 287.630 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt (EUR mn) 4,705.330 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) -319.9 Nov 2025 monthly Jan 2005 - Nov 2025
Total Exports (USD mn) 57.1 Nov 2025 monthly Jan 2005 - Nov 2025
Total Exports Growth (%) -26.2 Nov 2025 monthly Jan 2006 - Nov 2025
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) 377.0 Nov 2025 monthly Jan 2005 - Nov 2025
Total Imports Growth (%) 9.9 Oct 2025 monthly Jan 2006 - Oct 2025
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) 0.352 Nov 2025 monthly Jan 2010 - Nov 2025
Total Imports from USA (USD mn) 2.451 Nov 2025 monthly Jan 2006 - Nov 2025
Total Exports to China (USD mn) 0.137 Oct 2025 monthly Jan 2010 - Oct 2025
Total Imports from China (USD mn) 44.620 Nov 2025 monthly Jan 2006 - Nov 2025
Exports: Europe: EU-28: Slovenia (EUR th) 2,648.187 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Europe: CEFTA: Serbia (EUR th) 12,021.888 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Food & Live Animals (EUR th) 5,548.692 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Machinery & Transport Equipment (EUR th) 12,907.394 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,719.045 Oct 2025 monthly Mar 2009 - Oct 2025
Exports: Manufactured Goods (EUR th) 3,759.756 Nov 2025 monthly Mar 2009 - Nov 2025
Exports: Crude Materials: excl Fuels (EUR th) 6,843.589 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Europe: EU-28: Greece (EUR th) 10,492.429 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Europe: CEFTA: Serbia (EUR th) 55,429.224 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Miscellaneous Manufactured Goods (EUR th) 40,228.765 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Manufactured Goods (EUR th) 52,393.677 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 44,482.675 Oct 2025 monthly Mar 2009 - Oct 2025
Imports: Food & Live Animals (EUR th) 60,242.405 Nov 2025 monthly Mar 2009 - Nov 2025
Imports: Machinery & Transport Equipment (EUR th) 82,387.227 Nov 2025 monthly Mar 2009 - Nov 2025
Imports (EUR th) 326,191.124 Nov 2025 monthly Jan 2005 - Nov 2025
Exports (EUR th) 49,375.324 Nov 2025 monthly Jan 2005 - Nov 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 16.5 Sep 2025 quarterly Mar 2005 - Sep 2025
Current Account Balance (USD mn) 69.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance: % of GDP (%) 2.3 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Direct Investment (USD mn) 169.4 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Direct Investment: % of GDP (%) 5.6 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) -23.088 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) -0.8 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 113.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 29.585 Jun 2025 quarterly Mar 2007 - Jun 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) -1.406 2030 yearly 2001 - 2030
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: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 65,139,405.970 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 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 (%) 28.3 Sep 2025 quarterly Mar 2007 - Sep 2025
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 Nov 2025 monthly Jan 2002 - Nov 2025
Foreign Exchange Reserves (USD mn) 1,642.7 Nov 2025 monthly Dec 2002 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 19.347 Sep 2025 quarterly Dec 2006 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 4.4 Nov 2025 monthly Jan 2005 - Nov 2025
Gold Reserves (USD mn) 0.000 Nov 2025 monthly Dec 2002 - Nov 2025
Total Deposits (USD mn) 7,013.068 Oct 2025 monthly Jan 2003 - Oct 2025
Total Deposits Growth (%) 4.9 Nov 2025 monthly Jan 2004 - Nov 2025
Domestic Credit (USD mn) 4,697.7 Oct 2025 monthly Jan 2005 - Oct 2025
Domestic Credit Growth (%) 18.6 Nov 2025 monthly Jan 2006 - Nov 2025
Household Debt (USD mn) 2,728.3 Nov 2025 monthly Dec 2004 - Nov 2025
Total Loans (USD mn) 6,207.035 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans Growth (%) 15.22 Nov 2025 monthly Jan 2004 - Nov 2025
Private Debt: % of Nominal GDP (%) 49.09 Sep 2025 quarterly Mar 2007 - Sep 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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