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.