Montenegro M2 Growth
2003 - 2025 | Yearly | % | CEIC Data
Key information about Montenegro M2 Growth
- Montenegro Money Supply M2 increased 9.8 % YoY in Dec 2025, compared with a growth of 9.9 % in the previous year
- Montenegro Money Supply M2 growth data is updated yearly, available from Dec 2003 to Dec 2025
- The data reached an all-time high of 119.2 % in Dec 2006 and a record low of -10.1 % in Dec 2008
The World Bank provides M2 Growth Rate.
Further information about Montenegro M2 Growth
- In the latest reports, Montenegro Foreign Exchange Reserves was measured at 2.1 USD bn in Dec 2025
- The Foreign Exchange Reserves equaled 4.5 Months of Import in Dec 2025
- Montenegro Domestic Credit reached 5.4 USD bn in May 2026, representing an increased of 22.6 % 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 3.0 USD bn in May 2026, accounting for 30.0 % of the country's Nominal GDP
View Montenegro's M2 Growth from 2003 to 2025 in the chart:
What was Montenegro's M2 Growth in 2025?
Montenegro Money Supply M2 increased 9.8 % YoY in Dec 2025, compared with a growth of 9.9 % in the previous year See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 9.8 2025 | 9.9 2024 | -10.1 2008 | 119.2 2006 | % | yearly | 2003 - 2025 |
M2 Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 15.4 May 2026 | monthly | Dec 1994 - May 2026 |
| Algeria (%) | 9.0 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Argentina (%) | 18.1 Apr 2026 | monthly | Jan 1991 - Apr 2026 |
| Armenia (%) | 22.0 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Australia (%) | 7.8 May 2026 | monthly | Mar 1966 - May 2026 |
| Austria (%) | 2.1 May 2026 | monthly | Sep 1998 - May 2026 |
| Azerbaijan (%) | 6.9 Oct 2025 | monthly | Dec 1996 - Oct 2025 |
| Bahrain (%) | 7.1 May 2026 | monthly | Dec 1975 - May 2026 |
| Bangladesh (%) | 12.4 May 2026 | monthly | Jun 1987 - May 2026 |
| Belarus (%) | 28.2 Jun 2026 | monthly | Dec 1990 - Jun 2026 |
| Belgium (%) | 1.8 May 2026 | monthly | Dec 1997 - May 2026 |
| Bolivia (%) | 15.5 Jan 2026 | monthly | Dec 1988 - Jan 2026 |
| Bosnia and Herzegovina (%) | 11.9 May 2026 | monthly | Aug 1998 - May 2026 |
| Botswana (%) | 4.8 Apr 2026 | monthly | Jan 2002 - Apr 2026 |
| Brazil (%) | 10.8 May 2026 | monthly | Jan 1971 - May 2026 |
| Bulgaria (%) | 19.3 Mar 2026 | monthly | Dec 1996 - Mar 2026 |
| Cambodia (%) | 2.4 May 2026 | monthly | Jan 1996 - May 2026 |
| Canada (%) | 4.2 Apr 2026 | monthly | Jan 1969 - Apr 2026 |
| Chile (%) | 4.5 Apr 2026 | monthly | Jan 1987 - Apr 2026 |
| China (%) | 8.0 Jun 2026 | monthly | Mar 1997 - Jun 2026 |
| Colombia (%) | 10.4 Jun 2026 | monthly | Dec 1980 - Jun 2026 |
| Croatia (%) | 5.1 May 2026 | monthly | Jun 1995 - May 2026 |
| Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Czech Republic (%) | 4.8 May 2026 | monthly | Jan 2003 - May 2026 |
| Denmark (%) | 5.3 May 2026 | monthly | Jan 1992 - May 2026 |
| Ecuador (%) | 10.0 May 2026 | monthly | Dec 2007 - May 2026 |
| Egypt (%) | 19.6 May 2026 | monthly | Jan 1997 - May 2026 |
| Estonia (%) | 5.6 May 2026 | monthly | Jan 2012 - May 2026 |
| European Union (%) | 4.2 May 2026 | monthly | Jan 1981 - May 2026 |
| Finland (%) | 1.4 May 2026 | monthly | Jan 1981 - May 2026 |
| France (%) | 1.6 May 2026 | monthly | Dec 1978 - May 2026 |
| Georgia (%) | 26.6 May 2026 | monthly | Oct 1996 - May 2026 |
| Germany (%) | 3.7 May 2026 | monthly | Jan 1970 - May 2026 |
| Ghana (%) | 28.8 Mar 2026 | quarterly | Mar 1991 - Mar 2026 |
| Greece (%) | 6.8 May 2026 | monthly | Jan 2002 - May 2026 |
| Hong Kong SAR, China (%) | 9.9 May 2026 | monthly | Dec 1981 - May 2026 |
| Hungary (%) | 6.1 May 2026 | monthly | Jan 1999 - May 2026 |
| Iceland (%) | 10.4 May 2026 | monthly | Sep 1987 - May 2026 |
| India (%) | 17.2 Apr 2026 | monthly | Mar 1995 - Apr 2026 |
| Indonesia (%) | 10.8 May 2026 | monthly | Feb 1969 - May 2026 |
| Iran (%) | 53.3 Mar 2026 | monthly | Dec 2000 - Mar 2026 |
| Ireland (%) | 5.1 May 2026 | monthly | Jan 2000 - May 2026 |
| Israel (%) | 9.8 Mar 2026 | monthly | Apr 1982 - Mar 2026 |
| Italy (%) | 2.8 May 2026 | monthly | Dec 1975 - May 2026 |
| Ivory Coast (%) | 22.4 Apr 2026 | monthly | Jan 2005 - Apr 2026 |
| Japan (%) | 2.5 May 2026 | monthly | Jan 1968 - May 2026 |
| Jordan (%) | 8.0 May 2026 | monthly | Jan 1991 - May 2026 |
| Kazakhstan (%) | 15.7 May 2026 | monthly | Dec 1994 - May 2026 |
| Kenya (%) | 11.8 Apr 2026 | monthly | Dec 1996 - Apr 2026 |
| South Korea (%) | 5.9 May 2026 | monthly | Jan 1971 - May 2026 |
| Kosovo (%) | 12.4 2024 | yearly | 2002 - 2024 |
| Kuwait (%) | 2.2 Apr 2026 | monthly | Jan 1995 - Apr 2026 |
| Kyrgyzstan (%) | 50.1 Jan 2026 | monthly | Jan 1995 - Jan 2026 |
| Laos (%) | 19.6 Mar 2026 | quarterly | Dec 2000 - Mar 2026 |
| Latvia (%) | 7.8 May 2026 | monthly | Jan 2015 - May 2026 |
| Lebanon (%) | -10.0 Apr 2026 | monthly | Dec 1980 - Apr 2026 |
| Lithuania (%) | 15.2 May 2026 | monthly | Dec 1994 - May 2026 |
| Luxembourg (%) | 4.6 May 2026 | monthly | Jan 2000 - May 2026 |
| Macau SAR, China (%) | 5.7 May 2026 | monthly | Jun 1985 - May 2026 |
| North Macedonia (%) | 9.6 Apr 2026 | monthly | Jan 2004 - Apr 2026 |
| Malawi (%) | 51.0 Sep 2025 | monthly | Jan 1976 - Sep 2025 |
| Malaysia (%) | 6.0 May 2026 | monthly | Dec 1970 - May 2026 |
| Malta (%) | 5.3 May 2026 | monthly | Jan 2009 - May 2026 |
| Mauritius (%) | 8.6 May 2026 | monthly | Jul 1977 - May 2026 |
| Mexico (%) | 6.9 May 2026 | monthly | Dec 1986 - May 2026 |
| Moldova (%) | 14.2 Mar 2026 | monthly | Jan 2001 - Mar 2026 |
| Mongolia (%) | 26.8 May 2026 | monthly | Dec 1997 - May 2026 |
| Montenegro (%) | 9.8 2025 | yearly | 2003 - 2025 |
| Morocco (%) | 13.3 May 2026 | monthly | Jan 1986 - May 2026 |
| Mozambique (%) | 9.4 Apr 2026 | monthly | Dec 2002 - Apr 2026 |
| Myanmar (%) | 39.1 Dec 2025 | quarterly | Dec 2002 - Dec 2025 |
| Nepal (%) | 14.2 Jun 2026 | monthly | Jan 2002 - Jun 2026 |
| Netherlands (%) | 5.2 May 2026 | monthly | Dec 1957 - May 2026 |
| New Zealand (%) | 4.3 May 2026 | monthly | Mar 1989 - May 2026 |
| Nigeria (%) | 8.4 May 2026 | monthly | Apr 1991 - May 2026 |
| Norway (%) | 6.5 May 2026 | monthly | Dec 1993 - May 2026 |
| Oman (%) | 12.7 May 2026 | monthly | Jan 2000 - May 2026 |
| Pakistan (%) | 15.1 Apr 2026 | monthly | Jan 1989 - Apr 2026 |
| Palestinian Territory (%) | 14.8 May 2026 | monthly | Jul 2003 - May 2026 |
| Panama (%) | 6.0 Apr 2026 | monthly | Dec 2003 - Apr 2026 |
| Paraguay (%) | 14.1 May 2026 | monthly | Dec 1989 - May 2026 |
| Peru (%) | 14.4 May 2026 | monthly | Jan 1993 - May 2026 |
| Philippines (%) | 11.2 Apr 2026 | monthly | Dec 1989 - Apr 2026 |
| Poland (%) | 10.9 May 2026 | monthly | Dec 1997 - May 2026 |
| Portugal (%) | 6.7 May 2026 | monthly | Dec 1980 - May 2026 |
| Qatar (%) | 9.6 May 2026 | monthly | Jan 1983 - May 2026 |
| Romania (%) | 7.5 May 2026 | monthly | Dec 2002 - May 2026 |
| Russia (%) | 12.3 Apr 2026 | monthly | Dec 1992 - Apr 2026 |
| Saudi Arabia (%) | 7.7 May 2026 | monthly | Jan 1994 - May 2026 |
| Serbia (%) | 10.0 May 2026 | monthly | Aug 2002 - May 2026 |
| Singapore (%) | 6.6 May 2026 | monthly | Mar 2005 - May 2026 |
| Slovakia (%) | 6.0 May 2026 | monthly | Dec 2001 - May 2026 |
| Slovenia (%) | 5.3 May 2026 | monthly | Jan 2008 - May 2026 |
| South Africa (%) | 8.3 May 2026 | monthly | Mar 1966 - May 2026 |
| Spain (%) | 5.1 May 2026 | monthly | Jan 1963 - May 2026 |
| Sri Lanka (%) | 11.9 May 2026 | monthly | Jan 1995 - May 2026 |
| Sudan (%) | 92.0 May 2026 | monthly | Dec 2004 - May 2026 |
| Sweden (%) | 3.0 May 2026 | monthly | Jan 1999 - May 2026 |
| Switzerland (%) | 16.2 Oct 2025 | monthly | Dec 1985 - Oct 2025 |
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| 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) | -83.223 May 2026 | monthly | Jan 2012 - May 2026 |
| Tax Revenue (USD mn) | 200.809 May 2026 | monthly | Jan 2012 - May 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 Expenditure: Consolidated (EUR) | 287,565,915.640 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 103,938,067.020 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -71,246,649.630 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 32,034,430.120 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Revenue: Cons: Taxes (EUR) | 171,910,737.140 May 2026 | monthly | Jan 2012 - May 2026 |
| General Govt Expenditure: Cons: ow Current (EUR) | 260,087,971.500 May 2026 | monthly | Jan 2012 - May 2026 |
| General Government Revenue: Consolidated (EUR) | 216,319,266.010 May 2026 | monthly | Jan 2012 - May 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) | -407.3 May 2026 | monthly | Jan 2005 - May 2026 |
| Total Exports (USD mn) | 45.6 May 2026 | monthly | Jan 2005 - May 2026 |
| Total Exports Growth (%) | 7.5 May 2026 | monthly | Jan 2006 - May 2026 |
| Aluminum: Exports (USD th) | 41,867.902 2024 | yearly | 2008 - 2024 |
| Exports: Medicament (USD th) | 35,401.153 2025 | yearly | 2008 - 2025 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 265.817 2025 | yearly | 2008 - 2025 |
| Total Imports (USD mn) | 452.9 May 2026 | monthly | Jan 2005 - May 2026 |
| Total Imports Growth (%) | 3.5 May 2026 | monthly | Jan 2006 - May 2026 |
| Imports: Medicament (USD th) | 154,935.784 2025 | yearly | 2008 - 2025 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 83,406.785 2025 | yearly | 2008 - 2025 |
| Total Exports to USA (USD mn) | 0.442 May 2026 | monthly | Jan 2010 - May 2026 |
| Total Imports from USA (USD mn) | 6.252 May 2026 | monthly | Jan 2006 - May 2026 |
| Total Exports to China (USD mn) | 0.831 May 2026 | monthly | Jan 2010 - May 2026 |
| Total Imports from China (USD mn) | 53.703 May 2026 | monthly | Jan 2006 - May 2026 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 7,679.859 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 3,791.901 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 11,208.711 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Machinery & Transport Equipment (EUR th) | 5,679.396 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Crude Materials: excl Fuels (EUR th) | 6,369.677 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Food & Live Animals (EUR th) | 3,977.140 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports: Manufactured Goods (EUR th) | 5,203.826 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Europe: EU-28: Greece (EUR th) | 33,968.686 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 65,057.906 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Food & Live Animals (EUR th) | 68,927.561 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Manufactured Goods (EUR th) | 57,443.242 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 51,039.432 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 49,537.512 May 2026 | monthly | Mar 2009 - May 2026 |
| Imports: Machinery & Transport Equipment (EUR th) | 91,352.150 May 2026 | monthly | Mar 2009 - May 2026 |
| Exports (EUR th) | 39,064.335 May 2026 | monthly | Jan 2005 - May 2026 |
| Imports (EUR th) | 387,742.991 May 2026 | monthly | Jan 2005 - May 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) | 120.2 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 3.240 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| 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: 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 |
| 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 |
| 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 (%) | 9.8 2025 | yearly | 2003 - 2025 |
| Reserve Requirement Ratio (%) | 5.5 May 2026 | monthly | Jan 2002 - May 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) | 6,966.935 May 2026 | monthly | Jan 2003 - May 2026 |
| Total Deposits Growth (%) | 5.7 May 2026 | monthly | Jan 2004 - May 2026 |
| Domestic Credit (USD mn) | 5,403.2 May 2026 | monthly | Jan 2005 - May 2026 |
| Domestic Credit Growth (%) | 22.6 May 2026 | monthly | Jan 2006 - May 2026 |
| Household Debt (USD mn) | 2,977.9 May 2026 | monthly | Dec 2004 - May 2026 |
| Total Loans (USD mn) | 6,735.508 May 2026 | monthly | Jan 2003 - May 2026 |
| Total Loans Growth (%) | 12.29 May 2026 | monthly | Jan 2004 - May 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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