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Workers' Remittances, Received (USD) rose 32.1% to USD 794 mil in Montenegro in 2021

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