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Workers' Remittances, Paid (USD) rose 5.57% to USD 104 mil in Montenegro in 2021

Workers' Remittances, Paid (USD) (USD mil), 2021
Economy | Montenegro | March 1, 2023
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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