Montenegro: Broad money (% of GDP)

Key figures

What the numbers say

In 2025, Montenegro's broad money (% of GDP) rose 1.57 percentage points on 2024 (from 56.85% to 58.42%).

Across the 22 yearly changes before that (2003 to 2024), the average change was +2.07 percentage points and a typical year strayed about 7.98 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 24.93 percentage points in 2007 and the biggest yearly fall was 14.64 percentage points in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Montenegro had the 43rd highest value of the 84 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Montenegro in the 2025 ranking

• Maldives — 40th of 84: 60.23%
• Tonga — 41st of 84: 59.7%
• Mozambique — 42nd of 84: 59.42%
• Bolivia — 44th of 84: 57.59%
• Georgia — 45th of 84: 55.13%
• Solomon Islands — 46th of 84: 54.88%

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 24 values

Broad money (% of GDP) in nearby economies

• Albania — 70.9% (2024)
• Armenia — 61.3% (2025)
• Azerbaijan — 38.62% (2025)
• Belarus — 30.73% (2021)
• Bosnia and Herzegovina — 72.8% (2024)
• Bulgaria — 82.12% (2024)
• Czechia — 87.03% (2024)
• Denmark — 62.56% (2024)
• Georgia — 55.13% (2025)
• Hungary — 59.96% (2024)
• Iceland — 67.37% (2024)
• Kazakhstan

More financial sector data for Montenegro

• GDP deflator (base year varies by country) — 175.44 (2025)
• GDP deflator, linked series (base year varies by country) — 175.44 (2025)
• DEC alternative conversion factor (LCU per US$) — US$0.89 (2025)
• Inflation, GDP deflator (annual % growth) — 4.03% (2025)
• Inflation, GDP deflator, linked series (annual % growth) — 4.03% (2025)
• Official exchange rate (LCU per US$, period average) — US$0.89 (2025)
• Domestic credit to private sector by banks (% of GDP) — 50.94% (2025)
• Broad money (current LCU) — 4.77 billion (2025)
• Deposit interest rate (%) — 0.27% (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Montenegro's broad money (% of GDP)?

58.42% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 47.14 percentage points from 11.27% in 2002. The highest value was 66.27% in 2007 and the lowest 11.27% in 2002.

How does Montenegro rank?

43rd highest of 84 economies with data for 2025.

Is the latest change in broad money (% of GDP) unusual for Montenegro?

In 2025, Montenegro's broad money (% of GDP) rose 1.57 percentage points on 2024 (from 56.85% to 58.42%). Across the 22 yearly changes before that (2003 to 2024), the average change was +2.07 percentage points and a typical year strayed about 7.98 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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