Montenegro M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Montenegro's m2 money supply growth was 18.44% in 2025, ranked 23rd globally. This represents a 86.1% increase from 2024. Data from World Bank, covering 2003–2025.
Overview
Montenegro's m2 money supply growth stood at 18.44% in 2025, a rise of +8.53pp from 2024. Based on recent trends, this figure is projected to reach 18.44% by 2025. Montenegro ranked 23rd globally.
Montenegro’s M2 money‑supply growth has averaged 18.44 % in 2025, placing the country 23rd globally and closely trailing St. Lucia’s 18.56 % growth and edging ahead of Armenia’s 17.95 % growth. Over the 23‑year series the pace has been volatile, reaching an all‑time peak of 119.16 % in 2006 before collapsing to a trough of –10.11 % in 2008, a swing that reflected the global financial crisis and domestic fiscal tightening. The early‑2000s expansion was driven by rapid credit growth and inflows of remittances, while the post‑crisis contraction coincided with tighter monetary policy and a slowdown in external financing. Since the trough, growth has remained positive but has fluctuated around the high‑teens, suggesting a moderately expansionary stance that balances inflation concerns with the need to support investment. Continued diversification of the banking sector and stronger fiscal buffers could sustain the current upward trajectory, whereas external shocks or policy tightening would likely reverse it.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 23.17% | - | - |
| 2026* trend | 20.80% | - | - |
| 2025* trend | 18.44% | - | - |
| 2025 | 18.44% | +8.53pp | #23 |
| 2024 | 9.91% | −2.06pp | #58 |
| 2023 | 11.97% | −10.98pp | #90 |
| 2022 | 22.95% | +7.34pp | #115 |
| 2021 | 15.61% | +19.36pp | #105 |
| 2020 | -3.75% | −2.08pp | #8 |
| 2019 | -1.67% | −4.81pp | #12 |
| 2018 | 3.15% | −9.81pp | #32 |
| 2017 | 12.96% | +3.80pp | #116 |
| 2016 | 9.16% | −1.95pp | #85 |
| 2015 | 11.12% | +1.90pp | #94 |
| 2014 | 9.21% | +6.33pp | #82 |
| 2013 | 2.88% | −5.03pp | #15 |
| 2012 | 7.91% | +6.05pp | #60 |
| 2011 | 1.86% | −1.37pp | #15 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's m2 money supply growth was 18.44% in 2025. Ranked 23rd globally. This represents a 86.1% increase from the previous year.
Montenegro's m2 money supply growth peaked at 119.16% in 2006.
The lowest m2 money supply growth in Montenegro was -10.11% in 2008.
Montenegro ranks 23rd globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Montenegro's m2 money supply growth is projected to reach 18.44% by 2025 based on trend extrapolation.
The m2 money supply growth of Montenegro in 2025 was 18.44%. This ranks 23rd in the world.
Cite this page
@misc{historysaid_montenegro_m2-growth,
title = {Montenegro M2 Money Supply Growth},
url = {https://historysaid.com/montenegro/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}