Montenegro M2 Growth

2003 - 2022 | Yearly | % | CEIC Data

Key information about Montenegro M2 Growth

  • Montenegro Money Supply M2 increased 22.9 % YoY in Dec 2022, compared with a growth of 15.6 % in the previous year
  • Montenegro Money Supply M2 growth data is updated yearly, available from Dec 2003 to Dec 2022
  • 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 1.6 USD bn in Jun 2023
  • The Foreign Exchange Reserves equaled 4.1 Months of Import in Jun 2023
  • Montenegro Domestic Credit reached 3.6 USD bn in Jun 2023, representing an increased of 8.4 % YoY
  • The country's Non Performing Loans Ratio stood at 5.6 % in Feb 2023, compared with the ratio of 5.7 % in the previous month
  • Household Debt of Montenegro reached 1.8 USD bn in Jun 2023, accounting for 26.4 % of the country's Nominal GDP

View Montenegro's M2 Growth from 2003 to 2022 in the chart:

Montenegro M2 Growth

What was Montenegro's M2 Growth in 2022?

Montenegro Money Supply M2 increased 22.9 % YoY in Dec 2022, compared with a growth of 15.6 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
22.9 2022 15.6 2021 -10.1 2008 119.2 2006 % yearly 2003 - 2022

M2 Growth by Country Comparison

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Includes M2 Growth on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 4.7 Feb 2024 monthly Dec 1994 - Feb 2024
Algeria (%) 14.5 Dec 2022 monthly Jan 2002 - Dec 2022
Argentina (%) 215.4 Jan 2024 monthly Jan 1991 - Jan 2024
Armenia (%) 20.8 Nov 2023 monthly Jan 2003 - Nov 2023
Australia (%) 5.2 Feb 2024 monthly Mar 1966 - Feb 2024
Austria (%) -0.8 Feb 2024 monthly Sep 1998 - Feb 2024
Azerbaijan (%) 19.7 May 2023 monthly Dec 1996 - May 2023
Bahrain (%) 0.9 Jan 2024 monthly Dec 1975 - Jan 2024
Bangladesh (%) 8.9 Feb 2024 monthly Jun 1987 - Feb 2024
Belarus (%) 31.8 Mar 2024 monthly Dec 1990 - Mar 2024
Belgium (%) -2.6 Feb 2024 monthly Dec 1997 - Feb 2024
Bolivia (%) 7.6 Oct 2023 monthly Dec 1988 - Oct 2023
Bosnia and Herzegovina (%) 8.4 Feb 2024 monthly Aug 1998 - Feb 2024
Botswana (%) 8.6 Nov 2023 monthly Jan 2002 - Nov 2023
Brazil (%) 15.5 Feb 2024 monthly Jan 1971 - Feb 2024
Bulgaria (%) 8.8 Jan 2024 monthly Dec 1996 - Jan 2024
Cambodia (%) 14.9 Feb 2024 monthly Jan 1996 - Feb 2024
Canada (%) 3.5 Jan 2024 monthly Jan 1969 - Jan 2024
Chile (%) 6.2 Mar 2024 monthly Jan 1987 - Mar 2024
China (%) 8.3 Mar 2024 monthly Mar 1997 - Mar 2024
Colombia (%) 6.9 Mar 2024 monthly Dec 1980 - Mar 2024
Croatia (%) 3.2 Feb 2024 monthly Jun 1995 - Feb 2024
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 8.9 Jan 2024 monthly Jan 2003 - Jan 2024
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 6.3 Feb 2024 monthly Dec 2007 - Feb 2024
Egypt (%) 16.6 Feb 2024 monthly Jan 1997 - Feb 2024
Estonia (%) 5.8 Feb 2024 monthly Jan 2012 - Feb 2024
European Union (%) -0.7 Feb 2024 monthly Jan 1981 - Feb 2024
Finland (%) -18.4 Feb 2024 monthly Jan 1981 - Feb 2024
France (%) -0.9 Feb 2024 monthly Dec 1978 - Feb 2024
Georgia (%) 29.6 Feb 2024 monthly Oct 1996 - Feb 2024
Germany (%) -0.9 Feb 2024 monthly Jan 1970 - Feb 2024
Ghana (%) 37.2 Dec 2023 quarterly Mar 1991 - Dec 2023
Greece (%) 1.3 Feb 2024 monthly Jan 2002 - Feb 2024
Hong Kong SAR, China (%) 4.0 Feb 2024 monthly Dec 1981 - Feb 2024
Hungary (%) 1.6 Feb 2024 monthly Jan 1999 - Feb 2024
Iceland (%) 10.0 Feb 2024 monthly Sep 1987 - Feb 2024
India (%) 6.5 Jan 2024 monthly Mar 1995 - Jan 2024
Indonesia (%) 5.3 Feb 2024 monthly Feb 1969 - Feb 2024
Iran (%) 25.4 Jan 2024 monthly Dec 2000 - Jan 2024
Ireland (%) 2.3 Feb 2024 monthly Jan 2000 - Feb 2024
Israel (%) -5.8 Nov 2023 monthly Apr 1982 - Nov 2023
Italy (%) -2.2 Jan 2024 monthly Dec 1975 - Jan 2024
Ivory Coast (%) 2.0 Jan 2024 monthly Jan 2005 - Jan 2024
Japan (%) 2.5 Mar 2024 monthly Jan 1968 - Mar 2024
Jordan (%) 3.9 Feb 2024 monthly Jan 1991 - Feb 2024
Kazakhstan (%) 18.8 Feb 2024 monthly Dec 1994 - Feb 2024
Kenya (%) 24.3 Dec 2023 monthly Dec 1996 - Dec 2023
South Korea (%) 3.8 Jan 2024 monthly Jan 1971 - Jan 2024
Kosovo (%) 11.7 2022 yearly 2002 - 2022
Kuwait (%) -0.6 Jan 2024 monthly Jan 1995 - Jan 2024
Kyrgyzstan (%) 11.4 Dec 2023 monthly Jan 1995 - Dec 2023
Laos (%) 33.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Latvia (%) 4.0 Jan 2024 monthly Jan 2015 - Jan 2024
Lebanon (%) -5.5 Nov 2023 monthly Dec 1980 - Nov 2023
Lithuania (%) 2.6 Feb 2024 monthly Dec 1994 - Feb 2024
Luxembourg (%) -8.3 Jan 2024 monthly Jan 2000 - Jan 2024
Macau SAR, China (%) 4.1 Feb 2024 monthly Jun 1985 - Feb 2024
North Macedonia (%) 6.3 Feb 2024 monthly Jan 2004 - Feb 2024
Malawi (%) 36.0 Jun 2023 monthly Jan 1976 - Jun 2023
Malaysia (%) 5.6 Feb 2024 monthly Dec 1970 - Feb 2024
Malta (%) 4.8 Feb 2024 monthly Jan 2009 - Feb 2024
Mauritius (%) 6.6 Feb 2024 monthly Jul 1977 - Feb 2024
Mexico (%) 12.5 Feb 2024 monthly Dec 1986 - Feb 2024
Moldova (%) 19.5 Feb 2024 monthly Jan 2001 - Feb 2024
Mongolia (%) 24.3 Feb 2024 monthly Dec 1997 - Feb 2024
Montenegro (%) 22.9 2022 yearly 2003 - 2022
Morocco (%) 6.7 Feb 2024 monthly Jan 1986 - Feb 2024
Mozambique (%) 4.4 Jan 2024 monthly Dec 2002 - Jan 2024
Myanmar (%) 10.9 Jun 2023 quarterly Dec 2002 - Jun 2023
Nepal (%) 14.0 Mar 2024 monthly Jan 2002 - Mar 2024
Netherlands (%) -2.3 Feb 2024 monthly Dec 1957 - Feb 2024
New Zealand (%) 3.3 Feb 2024 monthly Mar 1989 - Feb 2024
Nigeria (%) 77.6 Feb 2024 monthly Nov 1993 - Feb 2024
Norway (%) -0.9 Feb 2024 monthly Dec 1993 - Feb 2024
Oman (%) 14.0 Jan 2024 monthly Jan 2000 - Jan 2024
Pakistan (%) 15.3 Feb 2024 monthly Jan 1989 - Feb 2024
Palestinian Territory (%) 6.3 Feb 2024 monthly Jul 2003 - Feb 2024
Panama (%) 3.9 Dec 2023 monthly Dec 2003 - Dec 2023
Paraguay (%) 12.2 Feb 2024 monthly Dec 1989 - Feb 2024
Peru (%) 2.3 Feb 2024 monthly Jan 1993 - Feb 2024
Philippines (%) 6.5 Jan 2024 monthly Dec 1989 - Jan 2024
Poland (%) 7.4 Feb 2024 monthly Dec 1997 - Feb 2024
Portugal (%) 2.8 Feb 2024 monthly Dec 1980 - Feb 2024
Qatar (%) 6.5 Feb 2024 monthly Jan 1983 - Feb 2024
Romania (%) 10.7 Feb 2024 monthly Dec 2002 - Feb 2024
Russia (%) 18.4 Feb 2024 monthly Dec 1992 - Feb 2024
Saudi Arabia (%) 10.5 Feb 2024 monthly Jan 1994 - Feb 2024
Serbia (%) 15.2 Feb 2024 monthly Aug 2002 - Feb 2024
Singapore (%) 2.9 Feb 2024 monthly Mar 2005 - Feb 2024
Slovakia (%) 3.7 Feb 2024 monthly Dec 2001 - Feb 2024
Slovenia (%) 4.3 Feb 2024 monthly Jan 2008 - Feb 2024
South Africa (%) 5.6 Feb 2024 monthly Mar 1966 - Feb 2024
Spain (%) -0.2 Dec 2023 monthly Jan 1963 - Dec 2023
Sri Lanka (%) 8.9 Jan 2024 monthly Jan 1995 - Jan 2024
Sudan (%) 43.9 Feb 2023 monthly Dec 2004 - Feb 2023
Sweden (%) -1.5 Feb 2024 monthly Jan 1999 - Feb 2024
Switzerland (%) -10.4 Jun 2023 monthly Dec 1985 - Jun 2023

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Montenegro Key Series

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Includes 161 key indicators for Montenegro, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.2 Dec 2023 quarterly Dec 2012 - Dec 2023
Consolidated Fiscal Balance (USD mn) -158.147 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue (USD mn) 149.467 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue: % of GDP (%) 22.8 Dec 2023 quarterly Mar 2012 - Dec 2023
National Government Debt (USD mn) 4,219.6 Sep 2023 monthly Dec 2010 - Sep 2023
Government Debt: % of GDP (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Forecast: Government Expenditure (EUR bn) 3.984 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.698 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.392 2028 yearly 2002 - 2028
General Govt Revenue: Cons: Taxes (EUR) 121,308,599.170 Feb 2024 monthly Jan 2012 - Feb 2024
General Government Revenue: Consolidated (EUR) 256,012,257.490 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 81,980,319.980 Feb 2024 monthly Jan 2012 - Feb 2024
General Govt Revenue: Cons: Taxes: Excises (EUR) 22,366,846.550 Feb 2024 monthly Jan 2012 - Feb 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,918,956.860 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 214,470,792.860 Feb 2024 monthly Jan 2012 - Feb 2024
General Govt Expenditure: Cons: ow Current (EUR) 204,638,222.040 Feb 2024 monthly Jan 2012 - Feb 2024
Gross General Government Debt: Domestic (EUR mn) 382.470 Jun 2022 monthly Dec 2010 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports (USD mn) 42.2 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports Growth (%) -25.3 Dec 2023 monthly Jan 2006 - Dec 2023
Aluminum: Exports (USD th) 180,096.808 2022 yearly 2008 - 2022
Exports: Medicament (USD th) 34,801.190 2022 yearly 2008 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 28.151 2022 yearly 2008 - 2022
Total Imports (USD mn) 368.3 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) 7.0 Dec 2023 monthly Jan 2006 - Dec 2023
Imports: Medicament (USD th) 116,265.339 2022 yearly 2008 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 45,821.508 2022 yearly 2008 - 2022
Total Exports to USA (USD mn) 0.202 Feb 2024 monthly Jan 2010 - Feb 2024
Total Imports from USA (USD mn) 3.134 Feb 2024 monthly Jan 2006 - Feb 2024
Total Exports to China (USD mn) 3.786 Feb 2024 monthly Jan 2010 - Feb 2024
Total Imports from China (USD mn) 43.862 Feb 2024 monthly Jan 2006 - Feb 2024
Exports (EUR th) 39,512.254 Sep 2023 monthly Jan 2005 - Sep 2023
Exports: Food & Live Animals (EUR th) 3,589.306 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 11,409.210 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Machinery & Transport Equipment (EUR th) 20,442.833 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Manufactured Goods (EUR th) 10,205.156 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Crude Materials: excl Fuels (EUR th) 9,713.931 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Europe: EU-28: Slovenia (EUR th) 3,646.741 Feb 2024 monthly Mar 2009 - Feb 2024
Exports: Europe: CEFTA: Serbia (EUR th) 17,885.372 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 25,790.103 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Machinery & Transport Equipment (EUR th) 82,421.680 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Manufactured Goods (EUR th) 52,319.526 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 42,690.952 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Food & Live Animals (EUR th) 55,315.303 Feb 2024 monthly Mar 2009 - Feb 2024
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Europe: CEFTA: Serbia (EUR th) 47,843.029 Feb 2024 monthly Mar 2009 - Feb 2024
Imports: Europe: EU-28: Greece (EUR th) 16,962.572 Feb 2024 monthly Mar 2009 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) -24.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 8.0 Dec 2023 quarterly Mar 2010 - Dec 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 119.2 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 31.320 Dec 2023 quarterly Mar 2007 - Dec 2023
External Debt (USD mn) 8,815.2 2022 yearly 2006 - 2022
External Debt: % of GDP (%) 141.5 2022 yearly 2006 - 2022
External Debt: Short Term (USD mn) 198.7 2022 yearly 2007 - 2022
External Debt: Short Term: % of GDP (%) 3.2 2022 yearly 2007 - 2022
Forecast: Current Account Balance (USD bn) -1.297 2028 yearly 2001 - 2028
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
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.2 Jul 2023 monthly Aug 2010 - Jul 2023
Household Debt: % of GDP (%) 24.7 Dec 2023 quarterly Dec 2010 - Dec 2023
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) 22.9 2022 yearly 2003 - 2022
Reserve Requirement Ratio (%) 5.5 Feb 2024 monthly Jan 2002 - Feb 2024
Foreign Exchange Reserves (USD mn) 1,246.2 Feb 2024 monthly Dec 2002 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 19.669 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 3.8 Feb 2024 monthly Jan 2005 - Feb 2024
Gold Reserves (USD mn) 0.000 Feb 2024 monthly Dec 2002 - Feb 2024
Total Deposits (USD mn) 5,833.846 Feb 2024 monthly Jan 2003 - Feb 2024
Total Deposits Growth (%) 3.2 Feb 2024 monthly Jan 2004 - Feb 2024
Domestic Credit (USD mn) 3,867.8 Feb 2024 monthly Jan 2005 - Feb 2024
Domestic Credit Growth (%) 7.7 Feb 2024 monthly Jan 2006 - Feb 2024
Household Debt (USD mn) 1,858.0 Feb 2024 monthly Dec 2004 - Feb 2024
Total Loans (USD mn) 4,500.728 Feb 2024 monthly Jan 2003 - Feb 2024
Total Loans Growth (%) 9.31 Feb 2024 monthly Jan 2004 - Feb 2024
Private Debt: % of Nominal GDP (%) 43.41 Dec 2023 quarterly Dec 2010 - Dec 2023
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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