Credit to the private sector — all countries

Credit to the private sector — Montenegro

Credit to the private sector in Montenegro in 2024 — 45.27%. Ranked 68 in the world out of 143. Since 2002, the indicator has risen by 37.22 pp.

2024 45.27% +2.89 pp vs 2023
World rank 68of 143
Period maximum 86.61%2008
Period minimum 8.05%2002

Trend over time

2002–2024 · % of GDP

Credit to the private sector — Montenegro, 2002–20240255075100200220052008201120142017202020232002: 8.05%2003: 11.29%2004: 14.63%2005: 17.95%2006: 36.01%2007: 80.06%2008: 86.61%2009: 76.51%2010: 66.57%2011: 55.75%2012: 55.27%2013: 54.26%2014: 52.15%2015: 50.92%2016: 49.49%2017: 49.45%2018: 50.23%2019: 49.54%2020: 60.56%2021: 52.61%2022: 47.16%2023: 42.38%2024: 45.27%
Change over the period: +37.22 pp Annual average: 1.69 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Montenegro

Montenegro 45.27%
World 140.32%
Southern Europe computed 64.15%
Credit to the private sector — Montenegro, by year Montenegro All countries CSV XLSX
Year % Change, pp
2024 45.27 +2.89 pp
2023 42.38 −4.77 pp
2022 47.16 −5.45 pp
2021 52.61 −7.95 pp
2020 60.56 +11.02 pp
2019 49.54 −0.69 pp
2018 50.23 +0.78 pp
2017 49.45 −0.04 pp
2016 49.49 −1.42 pp
2015 50.92 −1.24 pp
2014 52.15 −2.11 pp
2013 54.26 −1.01 pp
2012 55.27 −0.48 pp
2011 55.75 −10.82 pp
2010 66.57 −9.95 pp
2009 76.51 −10.1 pp
2008 86.61 +6.55 pp
2007 80.06 +44.05 pp
2006 36.01 +18.06 pp
2005 17.95 +3.32 pp
2004 14.63 +3.33 pp
2003 11.29 +3.24 pp
2002 8.05

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

Source: World Economic Outlook (IMF), license IMF open data.