24_International reserves (excluding gold), per unit of GDP in Montenegro

Montenegro: 24_International reserves (excluding gold), per unit of GDP was 0.1467 excluding gold per US$ of GDP in 2025. ▲ Rising

Latest (2025)
0.1467 excluding gold per US$ of GDP
Change on year
down 39.2%
World rank
88th
of 174 countries
All-time high
0.2996 excluding gold per US$ of GDP
in 2022
All-time low
0.0804 excluding gold per US$ of GDP
in 2009
Years of data
19
2007–2025

24_International reserves (excluding gold), per unit of GDP in Montenegro, 2007–2025

0.10.150.20.250.32007201620252007: 0.158 excluding gold per US$ of GDP2008: 0.161 excluding gold per US$ of GDP2009: 0.08 excluding gold per US$ of GDP2010: 0.112 excluding gold per US$ of GDP2011: 0.097 excluding gold per US$ of GDP2012: 0.095 excluding gold per US$ of GDP2013: 0.096 excluding gold per US$ of GDP2014: 0.125 excluding gold per US$ of GDP2015: 0.254 excluding gold per US$ of GDP2016: 0.212 excluding gold per US$ of GDP2017: 0.158 excluding gold per US$ of GDP2018: 0.167 excluding gold per US$ of GDP2019: 0.198 excluding gold per US$ of GDP2020: 0.221 excluding gold per US$ of GDP2021: 0.283 excluding gold per US$ of GDP2022: 0.3 excluding gold per US$ of GDP2023: 0.254 excluding gold per US$ of GDP2024: 0.241 excluding gold per US$ of GDP2025: 0.147 excluding gold per US$ of GDP

Source: Statizoid (derived). Measured in excluding gold per US$ of GDP.

Analysis

In 2025, 24_international reserves (excluding gold), per unit of gdp in Montenegro stood at 0.1467 excluding gold per US$ of GDP.

Compared with earlier readings it is down 39.2% on the previous year and down 42.2% over ten years.

Over the whole period, 24_international reserves (excluding gold), per unit of gdp in Montenegro peaked at 0.2996 excluding gold per US$ of GDP in 2022 and was at its lowest, 0.0804 excluding gold per US$ of GDP, in 2009.

That places Montenegro 88th out of 174 countries with data for 2025, putting it in the middle of the range.

The long-run direction has been consistently rising across the 19 years of available data.

24_International reserves (excluding gold), per unit of GDP in Montenegro, year by year

Annual values for 24_International reserves (excluding gold), per unit of GDP in Montenegro, 2007 to 2025.
Year excluding gold per US$ of GDP Change
2007 0.1582 excluding gold per US$ of GDP
2008 0.1608 excluding gold per US$ of GDP +1.6%
2009 0.0804 excluding gold per US$ of GDP -50.0%
2010 0.1121 excluding gold per US$ of GDP +39.3%
2011 0.097 excluding gold per US$ of GDP -13.4%
2012 0.0947 excluding gold per US$ of GDP -2.4%
2013 0.096 excluding gold per US$ of GDP +1.4%
2014 0.1248 excluding gold per US$ of GDP +30.0%
2015 0.2539 excluding gold per US$ of GDP +103.4%
2016 0.2122 excluding gold per US$ of GDP -16.4%
2017 0.1585 excluding gold per US$ of GDP -25.3%
2018 0.1667 excluding gold per US$ of GDP +5.2%
2019 0.1983 excluding gold per US$ of GDP +19.0%
2020 0.2206 excluding gold per US$ of GDP +11.2%
2021 0.2831 excluding gold per US$ of GDP +28.3%
2022 0.2996 excluding gold per US$ of GDP +5.8%
2023 0.2544 excluding gold per US$ of GDP -15.1%
2024 0.2411 excluding gold per US$ of GDP -5.2%
2025 0.1467 excluding gold per US$ of GDP -39.2%

Montenegro compared with similar countries

  • Montenegro's 0.1467 excluding gold per US$ of GDP is below the median for upper middle income countries, which is 0.1852 excluding gold per US$ of GDP, 79% of the median. (53 countries reporting)
  • Montenegro's 0.1467 excluding gold per US$ of GDP is above the median for Europe & Central Asia, which is 0.0942 excluding gold per US$ of GDP, 1.6× the median. (47 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.1331 excluding gold per US$ of GDP 0.0804 excluding gold per US$ of GDP 0.1608 excluding gold per US$ of GDP 3
2010s 0.1514 excluding gold per US$ of GDP 0.0947 excluding gold per US$ of GDP 0.2539 excluding gold per US$ of GDP 10
2020s 0.2409 excluding gold per US$ of GDP 0.1467 excluding gold per US$ of GDP 0.2996 excluding gold per US$ of GDP 6

Countries ranked near Montenegro

  1. 85 Antigua and Barbuda 0.1499 excluding gold per US$ of GDP compare
  2. 86 Mozambique 0.1493 excluding gold per US$ of GDP compare
  3. 87 India 0.1492 excluding gold per US$ of GDP compare
  4. 89 Zambia 0.1459 excluding gold per US$ of GDP compare
  5. 90 Costa Rica 0.1423 excluding gold per US$ of GDP compare
  6. 91 Brazil 0.1417 excluding gold per US$ of GDP compare

See the full ranking of 174 places →

More reference data data for Montenegro

All data for Montenegro →

Frequently asked questions

What is 24_international reserves (excluding gold), per unit of gdp in Montenegro?
24_international reserves (excluding gold), per unit of gdp in Montenegro was 0.1467 excluding gold per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest 24_international reserves (excluding gold), per unit of gdp recorded in Montenegro?
The highest recorded value was 0.2996 excluding gold per US$ of GDP in 2022.
What is the lowest 24_international reserves (excluding gold), per unit of gdp recorded in Montenegro?
The lowest recorded value was 0.0804 excluding gold per US$ of GDP in 2009.
How does Montenegro rank for 24_international reserves (excluding gold), per unit of gdp?
Montenegro ranks 88th out of 174 countries with data for 2025.
Is 24_international reserves (excluding gold), per unit of gdp rising or falling in Montenegro?
Over the last ten years it is down 42.2%. The long-run trend across the full record is rising.
Where does this Montenegro data come from?
The figures come from Statizoid (derived), published as part of 24_International reserves (excluding gold), per unit of GDP. Statizoid updates them automatically from the source API.

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24_International reserves (excluding gold), per unit of GDP in Montenegro. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/24-international-reserves-excluding-gold-per-unit-of-gdp/montenegro/

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How this figure is calculated

24_International reserves (excluding gold) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

24_International reserves (excluding gold) ÷ GDP (current US$)

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Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
24_International reserves (excluding gold), per unit of GDP
Unit
excluding gold per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
174 places, 5,955 data points, 1990–2025
Last refreshed

24_International reserves (excluding gold) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.