Workers' remittances received rose 32.1% to USD 794 mil in Montenegro in 2021, according to the National Statistical Office.
Historically, workers' remittances received in Montenegro reached an all time high of USD 794 mil in 2021 and an all time low of USD 196 mil in 2007. When compared to Montenegro's main peers, workers' remittances received in Albania amounted to USD 1,718 mil, USD 2,374 mil in Bosnia and Herzegovina, USD 5,045 mil in Croatia and USD 4,598 mil in Serbia in 2021.
Montenegro has been ranked 73rd within the group of 113 countries we follow in terms of workers' remittances received, 27 places above the position seen 10 years ago.
Workers' Remittances, Received (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 | 1,291 | 1,306 | 1,312 | 1,458 | 1,473 | ||||||||||||||||
Bosnia and Herzegovina | USD mil | 1,801 | 1,846 | 2,017 | 2,263 | 2,333 | ||||||||||||||||
Croatia | USD mil | 2,677 | 3,223 | 3,663 | 4,014 | 4,280 | ||||||||||||||||
Greece | USD mil | 509 | 417 | 401 | 490 | 676 | ||||||||||||||||
Hungary | USD mil | 3,954 | 4,171 | 4,124 | 4,405 | 4,964 | ||||||||||||||||
Italy | USD mil | 9,608 | 9,513 | 9,742 | 9,900 | 10,459 | ||||||||||||||||
Kosovo | USD mil | ... | ... | ... | 971 | 986 | 1,112 | 1,236 | 1,249 | |||||||||||||
Macedonia | USD mil | 307 | 291 | 314 | 344 | 317 | ||||||||||||||||
Montenegro | USD mil | ... | ... | ... | ... | ... | ... | 470 | 481 | 523 | 589 | 584 | ||||||||||
Romania | USD mil | 5,391 | 5,930 | 6,556 | 6,984 | 8,142 | ||||||||||||||||
Serbia | USD mil | ... | ... | ... | ... | ... | ... | 3,370 | 3,205 | 3,590 | 4,446 | 4,238 | ||||||||||
Slovenia | USD mil | 400 | 452 | 502 | 645 | 663 |