Montenegro Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Montenegro's reserves in months of imports was 1.6 in 2025, ranked 123rd globally. This represents a 52.8% decrease from 2024. Data from World Bank, covering 2007–2025.
Overview
Montenegro's reserves in months of imports stood at 1.6 in 2025, a decline of +1.8 from 2024. Based on recent trends, this figure is projected to reach 1.6 by 2025. Montenegro ranked 123rd globally.
Montenegro’s reserves in months of imports have contracted sharply since the 2020 all‑time peak of 8.10 months, falling to 1.64 months in 2025, which places the country 123rd globally. The indicator was already low in the early post‑crisis period, reaching a trough of 1.18 months in 2008, and the recent decline suggests limited cushioning against external shocks. Over the 19‑year coverage, reserves have dropped from 2.53 months in 2007 to well below the 2020 high, indicating a persistent erosion of foreign‑exchange buffers. By comparison, peer economies such as Sweden (1.67 months) and Argentina (1.63 months) exhibit similar vulnerability, although Montenegro’s figure is marginally higher than Argentina’s and only slightly below Sweden’s. The downward trajectory is likely to continue unless fiscal consolidation is paired with export diversification or external financing that can rebuild the buffer; such measures would be required to reverse the current trend and enhance import‑cover resilience.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -0.7 | - | - |
| 2026* trend | 0.5 | - | - |
| 2025* trend | 1.6 | - | - |
| 2025 | 1.6 | −1.8 | #123 |
| 2024 | 3.5 | +0.1 | #78 |
| 2023 | 3.4 | −1.6 | #90 |
| 2022 | 5.0 | −1.0 | #55 |
| 2021 | 6.0 | −2.1 | #58 |
| 2020 | 8.1 | +3.4 | #49 |
| 2019 | 4.7 | +1.1 | #70 |
| 2018 | 3.6 | +0.0 | #91 |
| 2017 | 3.6 | +0.5 | #96 |
| 2016 | 3.2 | +0.1 | #113 |
| 2015 | 3.1 | +0.4 | #108 |
| 2014 | 2.7 | +0.3 | #116 |
| 2013 | 2.4 | +0.5 | #129 |
| 2012 | 1.9 | +0.4 | #140 |
| 2011 | 1.5 | −0.9 | #141 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw reserves in months of imports improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's reserves in months of imports was 1.6 in 2025. Ranked 123rd globally. This represents a 52.8% decrease from the previous year.
Montenegro's reserves in months of imports peaked at 8.1 in 2020.
The lowest reserves in months of imports in Montenegro was 1.2 in 2008.
Montenegro ranks 123rd globally in reserves in months of imports as of 2025.
The World Bank indicator code is FI.RES.TOTL.MO. Data sourced from World Bank.
Montenegro's reserves in months of imports is projected to reach 1.6 by 2025 based on trend extrapolation.
The reserves in months of imports of Montenegro in 2025 was 1.6. This ranks 123rd in the world.
Cite this page
@misc{historysaid_montenegro_reserves-months-imports,
title = {Montenegro Reserves in Months of Imports},
url = {https://historysaid.com/montenegro/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}