Montenegro - Broad money (% of GDP)
Broad money (% of GDP) in Montenegro was 59.36 as of 2020. Its highest value over the past 18 years was 66.22 in 2007, while its lowest value was 11.27 in 2002.
Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.
Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 2002 | 11.27 |
| 2003 | 12.05 |
| 2004 | 13.35 |
| 2005 | 22.52 |
| 2006 | 41.28 |
| 2007 | 66.22 |
| 2008 | 51.58 |
| 2009 | 48.66 |
| 2010 | 48.13 |
| 2011 | 46.92 |
| 2012 | 51.96 |
| 2013 | 50.58 |
| 2014 | 53.71 |
| 2015 | 56.47 |
| 2016 | 56.98 |
| 2017 | 59.20 |
| 2018 | 56.29 |
| 2019 | 52.14 |
| 2020 | 59.36 |
Aggregation method: Weighted average
Periodicity: Annual
General Comments: The derivation of this indicator was simplified in September 2012 to be current-year broad money divided by current-year GDP times 100.
Classification
Topic: Financial Sector Indicators
Sub-Topic: Monetary holdings (liabilities)
