Workers' remittances paid rose 5.57% to USD 104 mil in Montenegro in 2021, according to the National Statistical Office.
Historically, workers' remittances paid in Montenegro reached an all time high of USD 123 mil in 2019 and an all time low of USD 25.9 mil in 2009. When compared to Montenegro's main peers, workers' remittances paid in Albania amounted to USD 140 mil, USD 106 mil in Bosnia and Herzegovina, USD 631 mil in Croatia and USD 471 mil in Serbia in 2021.
Montenegro has been ranked 92nd within the group of 111 countries we follow in terms of workers' remittances paid, 32 places above the position seen 10 years ago.
Workers' Remittances, Paid (USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Albania | USD mil | ... | ... | 153 | 147 | 106 | 115 | 120 | ||||||||||||||
Bosnia and Herzegovina | USD mil | 55.5 | 60.5 | 63.6 | 83.6 | 84.4 | ||||||||||||||||
Croatia | USD mil | 414 | 425 | 467 | 532 | 533 | ||||||||||||||||
Greece | USD mil | 1,870 | 1,800 | 2,083 | 2,287 | 2,666 | ||||||||||||||||
Hungary | USD mil | 677 | 782 | 863 | 1,094 | 1,387 | ||||||||||||||||
Italy | USD mil | 8,860 | 8,678 | 8,842 | 9,907 | 9,577 | ||||||||||||||||
Kosovo | USD mil | ... | ... | ... | 68.4 | 66.8 | 62.0 | 59.0 | 42.0 | |||||||||||||
Macedonia | USD mil | 19.9 | 24.3 | 27.4 | 24.9 | 22.0 | ||||||||||||||||
Montenegro | USD mil | ... | ... | ... | ... | ... | ... | 53.6 | 59.9 | 70.4 | 111 | 123 | ||||||||||
Romania | USD mil | 514 | 303 | 389 | 435 | 486 | ||||||||||||||||
Serbia | USD mil | ... | ... | ... | ... | ... | ... | 245 | 239 | 273 | 297 | 332 | ||||||||||
Slovenia | USD mil | 201 | 215 | 252 | 296 | 320 |