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 4.7 USD bn in Dec 2025, representing an increased of 9.7 % 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 2.8 USD bn in Dec 2025, accounting for 28.3 % 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) 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) 3.4 Dec 2025 monthly Jan 2000 - Dec 2025
Australia (NA) 1.5 Sep 2025 monthly Jul 1971 - Sep 2025
Austria (NA) 0.2 Nov 2025 monthly Jan 1957 - Nov 2025
Azerbaijan (NA) 4.0 Dec 2025 monthly Mar 1994 - Dec 2025
Bahrain (NA) 2.2 2024 yearly 1966 - 2024
Bangladesh (NA) 4.1 Dec 2025 monthly Jul 1986 - Dec 2025
Belarus (NA) 1.2 Dec 2025 monthly Dec 2002 - Dec 2025
Belgium (NA) 0.1 Nov 2025 monthly Jan 1999 - Nov 2025
Bolivia (NA) 0.6 Dec 2025 monthly Jan 2000 - Dec 2025
Bosnia and Herzegovina (NA) 9.7 Jan 2026 monthly Jan 2000 - Jan 2026
Botswana (NA) 7.2 Sep 2025 monthly Jan 2003 - Sep 2025
Brazil (NA) 15.0 Jan 2026 monthly Nov 2000 - Jan 2026
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) 2.1 Dec 2025 monthly Jun 1999 - Dec 2025
Chile (NA) 6.6 Jan 2026 monthly Jan 2003 - Jan 2026
China (NA) 13.8 Dec 2025 monthly Jan 2000 - Dec 2025
Colombia (NA) 10.1 Dec 2025 monthly Jan 1980 - Dec 2025
Croatia (NA) 8.0 Dec 2022 monthly Jan 1999 - Dec 2022
Cyprus (NA) 0.2 Dec 2025 monthly Jan 2002 - Dec 2025
Czech Republic (NA) 7.7 Dec 2025 monthly Mar 2000 - Dec 2025
Denmark (NA) 7.2 Dec 2025 monthly Jan 2002 - Dec 2025
Ecuador (NA) 2.0 Dec 2025 monthly Jan 2005 - Dec 2025
Egypt (NA) 4.3 Oct 2025 monthly Dec 2004 - Oct 2025
Estonia (NA) 0.9 Dec 2025 monthly Jan 2001 - Dec 2025
European Union (NA) 1.3 Dec 2025 monthly Jan 2002 - Dec 2025
Finland (NA) 1.4 Dec 2025 monthly Jan 2000 - Dec 2025
France (NA) 0.5 Dec 2025 monthly Feb 2004 - Dec 2025
Georgia (NA) 4.1 Jan 2026 monthly Oct 1995 - Jan 2026
Germany (NA) 0.3 Dec 2025 monthly Jan 1957 - Dec 2025
Ghana (NA) 3.0 Oct 2025 monthly Mar 2005 - Oct 2025
Greece (NA) 0.5 Dec 2025 monthly Jan 2004 - Dec 2025
Hong Kong SAR, China (NA) 6.6 Oct 2025 monthly Apr 2000 - Oct 2025
Hungary (NA) 3.5 Jan 2026 monthly Jan 2002 - Jan 2026
Iceland (NA) 11.5 Jan 2026 monthly Oct 2000 - Jan 2026
India (NA) 7.4 Oct 2025 monthly Apr 1990 - Oct 2025
Indonesia (NA) 6.2 Jan 2026 monthly Jan 2008 - Jan 2026
Ireland (NA) 0.3 Dec 2025 monthly Jan 1999 - Dec 2025
Israel (NA) 25.5 Dec 2025 monthly Dec 2001 - Dec 2025
Italy (NA) 1.0 Dec 2025 monthly Dec 1999 - Dec 2025
Ivory Coast (NA) 0.0 Mar 2025 monthly Jan 1981 - Mar 2025
Japan (NA) 18.0 Jan 2026 monthly Apr 2000 - Jan 2026
Jordan (NA) 7.3 Dec 2025 monthly Jan 1972 - Dec 2025
Kazakhstan (NA) 2.2 Dec 2025 monthly Dec 2002 - Dec 2025
Kenya (NA) 5.0 Nov 2025 monthly Sep 2005 - Nov 2025
South Korea (NA) 7.0 Jan 2026 monthly Jan 1971 - Jan 2026
Kosovo (NA) 1.8 Dec 2025 monthly Jan 2003 - Dec 2025
Kuwait (NA) 10.9 Sep 2025 quarterly Mar 1973 - Sep 2025
Kyrgyzstan (NA) 1.4 Dec 2025 monthly Jan 2003 - Dec 2025
Laos (NA) 3.1 Jun 2025 quarterly Mar 2004 - Jun 2025
Latvia (NA) 2.1 Dec 2025 monthly Jan 1997 - Dec 2025
Lebanon (NA) 5.7 Apr 2025 monthly Jan 1993 - Apr 2025
Lithuania (NA) 1.3 Dec 2025 monthly Jan 1999 - Dec 2025
Luxembourg (NA) 0.0 Dec 2025 monthly Jan 1999 - Dec 2025
Macau SAR, China (NA) 18.3 Jan 2026 monthly Jan 2000 - Jan 2026
North Macedonia (NA) 4.1 Dec 2025 monthly Jan 2002 - Dec 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) 1.4 Dec 2025 monthly Oct 1994 - Dec 2025
Mauritius (NA) 13.0 Dec 2025 monthly Jan 2006 - Dec 2025
Mexico (NA) 4.3 Jan 2026 monthly Jan 2000 - Jan 2026
Moldova (NA) 4.6 Dec 2025 monthly Jan 2005 - Dec 2025
Mongolia (NA) 6.3 Jan 2026 monthly Jan 1997 - Jan 2026
Montenegro (NA) 4.5 Dec 2025 monthly Jan 2005 - Dec 2025
Morocco (NA) 6.7 Jan 2026 monthly Dec 2001 - Jan 2026
Mozambique (NA) 5.6 Sep 2025 monthly Jan 2011 - Sep 2025
Myanmar (NA) 5.2 Jun 2022 quarterly Sep 2010 - Jun 2022
Nepal (NA) 16.7 Jan 2026 monthly Aug 2003 - Jan 2026
Netherlands (NA) 0.1 Nov 2025 monthly Sep 1999 - Nov 2025
New Zealand (NA) 6.8 Jan 2026 monthly Sep 2005 - Jan 2026
Nigeria (NA) 14.0 Sep 2025 monthly Jan 2003 - Sep 2025
Norway (NA) 9.7 Jan 2026 monthly Jan 1999 - Jan 2026
Oman (NA) 4.9 Nov 2025 monthly Jan 1975 - Nov 2025
Pakistan (NA) 3.6 Jan 2026 monthly Jan 1996 - Jan 2026
Palestinian Territory (NA) 1.1 Dec 2025 monthly Jan 2011 - Dec 2025
Panama (NA) 4.4 Dec 2025 monthly Jan 2000 - Dec 2025
Paraguay (NA) 6.1 Jan 2026 monthly Jan 1994 - Jan 2026
Peru (NA) 15.0 Dec 2025 monthly Jan 1985 - Dec 2025
Philippines (NA) 7.8 Jan 2026 monthly Jan 1979 - Jan 2026
Poland (NA) 5.3 Dec 2025 monthly Jan 2000 - Dec 2025
Portugal (NA) 1.1 Dec 2025 monthly Dec 1999 - Dec 2025
Qatar (NA) 10.8 Dec 2025 monthly Jan 1998 - Dec 2025
Romania (NA) 6.2 Dec 2025 monthly Apr 2005 - Dec 2025
Russia (NA) 13.3 Dec 2025 monthly Jan 1998 - Dec 2025
Saudi Arabia (NA) 20.5 2025 yearly 1957 - 2025
Serbia (NA) 6.1 Dec 2025 monthly Jan 2004 - Dec 2025
Singapore (NA) 8.2 Jan 2026 monthly Apr 2000 - Jan 2026
Slovakia (NA) 1.2 Dec 2025 monthly Jan 2004 - Dec 2025
Slovenia (NA) 0.2 Dec 2025 monthly Jan 1996 - Dec 2025
South Africa (NA) 6.1 Dec 2025 monthly Oct 2004 - Dec 2025
Spain (NA) 1.6 Dec 2025 monthly Jan 1987 - Dec 2025
Sri Lanka (NA) 3.1 Dec 2025 monthly Jan 1982 - Dec 2025
Sudan (NA) 0.0 Dec 2017 monthly Jan 2003 - Dec 2017
Sweden (NA) 2.7 Jan 2026 monthly Mar 2000 - Jan 2026
Switzerland (NA) 20.5 Jan 2026 monthly Jun 1999 - Jan 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 (%) -5.1 Sep 2025 quarterly Dec 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) -36.484 Jan 2026 monthly Jan 2012 - Jan 2026
Tax Revenue (USD mn) 163.343 Jan 2026 monthly Jan 2012 - Jan 2026
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: Value Added Tax (EUR) 103,563,259.630 Jan 2026 monthly Jan 2012 - Jan 2026
General Govt Revenue: Cons: Taxes (EUR) 139,086,135.420 Jan 2026 monthly Jan 2012 - Jan 2026
General Govt Expenditure: Consolidated (EUR) 196,128,203.010 Jan 2026 monthly Jan 2012 - Jan 2026
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -31,066,313.940 Jan 2026 monthly Jan 2012 - Jan 2026
General Govt Expenditure: Cons: ow Current (EUR) 177,546,489.210 Jan 2026 monthly Jan 2012 - Jan 2026
General Govt Revenue: Cons: Taxes: Excises (EUR) 25,853,560.700 Jan 2026 monthly Jan 2012 - Jan 2026
General Government Revenue: Consolidated (EUR) 165,061,889.070 Jan 2026 monthly Jan 2012 - Jan 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) -319.9 Nov 2025 monthly Jan 2005 - Nov 2025
Total Exports (USD mn) 75.7 Dec 2025 monthly Jan 2005 - Dec 2025
Total Exports Growth (%) -5.4 Dec 2025 monthly Jan 2006 - Dec 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) 459.2 Dec 2025 monthly Jan 2005 - Dec 2025
Total Imports Growth (%) 10.0 Dec 2025 monthly Jan 2006 - Dec 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) 0.902 Jan 2026 monthly Jan 2010 - Jan 2026
Total Imports from USA (USD mn) 4.082 Dec 2025 monthly Jan 2006 - Dec 2025
Total Exports to China (USD mn) 0.546 Jan 2026 monthly Jan 2010 - Jan 2026
Total Imports from China (USD mn) 55.967 Dec 2025 monthly Jan 2006 - Dec 2025
Exports: Europe: EU-28: Slovenia (EUR th) 0.000 Feb 2026 monthly Mar 2009 - Feb 2026
Exports: Europe: CEFTA: Serbia (EUR th) 0.000 Feb 2026 monthly Mar 2009 - Feb 2026
Exports: Machinery & Transport Equipment (EUR th) 2,172.918 Jan 2026 monthly Mar 2009 - Jan 2026
Exports: Manufactured Goods (EUR th) 3,320.534 Dec 2025 monthly Mar 2009 - Dec 2025
Exports: Food & Live Animals (EUR th) 6,643.392 Dec 2025 monthly Mar 2009 - Dec 2025
Exports: Crude Materials: excl Fuels (EUR th) 5,035.582 Jan 2026 monthly Mar 2009 - Jan 2026
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,960.554 Jan 2026 monthly Mar 2009 - Jan 2026
Imports: Europe: EU-28: Greece (EUR th) 9,639.087 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Europe: CEFTA: Serbia (EUR th) 33,474.996 Jan 2026 monthly Mar 2009 - Jan 2026
Imports: Manufactured Goods (EUR th) 26,771.292 Jan 2026 monthly Mar 2009 - Jan 2026
Imports: Miscellaneous Manufactured Goods (EUR th) 57,667.797 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Machinery & Transport Equipment (EUR th) 48,077.802 Jan 2026 monthly Mar 2009 - Jan 2026
Imports: Food & Live Animals (EUR th) 90,146.299 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 22,778.762 Jan 2026 monthly Mar 2009 - Jan 2026
Imports (EUR th) 392,140.299 Dec 2025 monthly Jan 2005 - Dec 2025
Exports (EUR th) 64,607.450 Dec 2025 monthly Jan 2005 - Dec 2025
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 (%) 1.4 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Direct Investment (USD mn) 213.3 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Direct Investment: % of GDP (%) 5.6 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) -89.045 Dec 2025 quarterly Mar 2005 - Dec 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) -1.945 2030 yearly 2001 - 2030
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
BoP: Current Account: Goods: Import (EUR th) 645,611.036 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: Russian Federation (EUR) 112,506,571.770 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
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 Jan 2026 monthly Jan 2002 - Jan 2026
Foreign Exchange Reserves (USD mn) 2,081.3 Dec 2025 monthly Dec 2002 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 19.347 Sep 2025 quarterly Dec 2006 - Sep 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) 7,089.612 Jan 2026 monthly Jan 2003 - Jan 2026
Total Deposits Growth (%) 4.4 Jan 2026 monthly Jan 2004 - Jan 2026
Domestic Credit (USD mn) 4,821.6 Jan 2026 monthly Jan 2005 - Jan 2026
Domestic Credit Growth (%) 10.5 Jan 2026 monthly Jan 2006 - Jan 2026
Household Debt (USD mn) 2,864.4 Jan 2026 monthly Dec 2004 - Jan 2026
Total Loans (USD mn) 6,331.566 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans Growth (%) 12.72 Jan 2026 monthly Jan 2004 - Jan 2026
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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