Workers' Remittances, Paid (USD) rose 17.492535808228% to USD 70.4 mil in Montenegro in 2017

Workers' Remittances, Paid (USD) (USD mil)
Economy | Montenegro | February 1, 2019
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Workers' remittances paid reached 70.4 USD mil in 2017 in Montenegro, according to the National Statistical Office. This is 17.5 % more than in the previous year.

Historically, workers' remittances paid in Montenegro reached an all time high of 72.1 USD mil in 2014 and an all time low of 25.9 USD mil in 2009. When compared to Montenegro's main peers, workers' remittances paid in Albania amounted to 106 USD mil, 63.5 USD mil in Bosnia and Herzegovina, 304 USD mil in Croatia and 273 USD mil in Serbia in 2017.

Montenegro has been ranked 113th within the group of 142 countries we follow in terms of workers' remittances paid, 4 places above the position seen 10 years ago.

Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.

Workers' Remittances, Paid (USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Albania USD mil 151 216 191 179 153
Bosnia and Herzegovina USD mil 51.7 46.8 48.4 46.8 55.5
Croatia USD mil 249 247 267 297 275
Greece USD mil 1,941 1,438 1,291 1,424 975
Hungary USD mil 1,195 1,089 837 882 685
Italy USD mil 14,501 11,826 11,566 11,133 9,443
Kosovo USD mil 151 118 106 99.8 68.4
Macedonia USD mil 24.7 23.9 24.4 24.0 19.9
Montenegro USD mil 43.5 52.6 64.3 72.1 53.6
Romania USD mil 128 116 547 638 526
Serbia USD mil 204 218 255 267 245
Slovenia USD mil 198 187 196 208 184