Montenegro's net financial flows, multilateral (NFL, current US$) was US$126.28 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 852.12% from −US$16.79 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$126.28 million | 2024 |
| Five years earlier | −US$11.66 million | 2019 |
| Ten years earlier | −US$16.79 million | 2014 |
| Highest | US$145.74 million | 2011 |
| Lowest | −US$53.18 million | 2007 |
| Average since 2015 | US$8.07 million | 2015–2024 |
| First recorded | US$31.57 million |
What the numbers say
In 2024, Montenegro's net financial flows, multilateral (NFL, current US$) rose US$140 million on 2023 (from −US$13.72 million to US$126.28 million).
Across the 17 yearly changes before that (2007 to 2023), the average change was −US$2.66 million and a typical year strayed about US$60.12 million from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$151.01 million in 2011 and the biggest yearly fall was US$91.07 million in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$12.21 million a year. A straight line explains 46% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Montenegro had the 59th highest value of the 118 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.
| Value | Year | |
|---|---|---|
| Montenegro | US$126.28 million | 2024 |
| Upper middle income | US$30.72 billion | 2024 |
Closest to Montenegro in the 2024 ranking
- Georgia — 56th of 118: US$132.5 million
- Congo, Rep. — 57th of 118: US$129.74 million
- Liberia — 58th of 118: US$128.27 million
- Papua New Guinea — 60th of 118: US$121.02 million
- St. Lucia — 61st of 118: US$105.82 million
- Guyana — 62nd of 118: US$94.11 million
What this measures
Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 19 values
| Year | Net financial flows, multilateral (NFL, current US$) |
|---|---|
| 2024 | 126,281,000 |
| 2023 | -13,717,000 |
| 2022 | -319,000 |
| 2021 | 63,562,000 |
| 2020 | 46,606,000 |
| 2019 | -11,656,000 |
| 2018 | -40,288,000 |
| 2017 | -43,806,000 |
| 2016 | -13,693,000 |
| 2015 | -32,291,000 |
Net financial flows, multilateral (NFL, current US$) in nearby economies
- Albania — −US$110.25 million (2024)
- Armenia — US$218 million (2024)
- Azerbaijan — −US$457.08 million (2024)
- Belarus — −US$232.53 million (2024)
- Bosnia and Herzegovina — US$167.01 million (2024)
- Bulgaria — US$249.43 million (2022)
- Georgia — US$132.5 million (2024)
- Kazakhstan — US$525.56 million (2024)
- Kosovo — US$79.41 million (2024)
More economic policy & debt data for Montenegro
- Adjusted savings, mineral depletion (current US$) — US$651,532 (2021)
- Medium and high-tech manufacturing value added (% manufacturing value added) — 14.86% (2024)
- Adjusted savings, carbon dioxide damage (current US$) — US$105.26 million (2021)
- GDP (current US$) — US$9.23 billion (2025)
- GDP (current LCU) — 8.17 billion (2025)
- GDP, linked series (current LCU) — 8.17 billion (2025)
- GDP (constant 2015 US$) — US$5.47 billion (2025)
- GDP (constant LCU) — 4.66 billion (2025)
- GDP, PPP (current international $) — 22.07 billion (2025)
- GDP, PPP (constant 2021 international $)
Reading data like this
Questions people ask
- What is Montenegro's net financial flows, multilateral (NFL, current US$)?
- US$126.28 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 299.99% from US$31.57 million in 2006 (8.01% a year on average, compounded). The highest value was US$145.74 million in 2011 and the lowest −US$53.18 million in 2007.
- How does Montenegro rank?
- 59th highest of 118 economies with data for 2024.
- Is the latest change in net financial flows, multilateral (NFL, current US$) unusual for Montenegro?
- In 2024, Montenegro's net financial flows, multilateral (NFL, current US$) rose US$140 million on 2023 (from −US$13.72 million to US$126.28 million). Across the 17 yearly changes before that (2007 to 2023), the average change was −US$2.66 million and a typical year strayed about US$60.12 million from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator DT.NFL.MLAT.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) 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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