Business Working Capital Financing Statistics in Montenegro (2026)

36.8% of firms in Montenegro used banks to finance working capital in 2023, World Bank World Development Indicators data show. Up from 26% in 2019 to 36.8% in 2023 (+10.9 percentage points). Montenegro ranks #10 of 43 economies in Europe & Central Asia on this measure, and #29 of 145 globally.

Key Statistics

Latest value (2023): 36.8% (2023); Business Working Capital Financing in Montenegro as of 2023, the most recent observation in World Bank World Development Indicators data.
Change since 2019: +10.9 pp (2023); Up from 26% in 2019 to 36.8% in 2023 (+10.9 percentage points).
Earliest value in this dataset (2013): 42.8% (2013); Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 42.8% in 2013 to 36.8% in 2023.
Peak value (2013): 42.8% (2013); Highest value in the available series; the 2023 value is 36.8%.
Rank in Europe & Central Asia: #10 of 43 (2023); Montenegro ranks 10 of 43 countries in Europe & Central Asia with data, based on each country's latest value.
Global rank: #29 of 145 (2023); Montenegro ranks 29 of 145 countries with data globally.
Europe & Central Asia average: 30.6% (2023); Montenegro (36.8%) is above the average of 30.6% across the 43 countries in Europe & Central Asia with data.
Firms with a bank loan/line of credit (% of firms) (2023): 43.2% (2023); Related indicator from World Bank World Development Indicators.
Internet use in Montenegro (2024): 88.9% (2024); 88.9% of the population in Montenegro used the internet in 2024 (World Bank); shown for context only.
Population (2024): 623,525 (2024); Montenegro had a population of 623,525 in 2024 (World Bank); shown for scale only.

Trend, 2013–2023

Business Working Capital Financing in Montenegro by year (% of firms)
Year	% of firms	Change
2023	36.8%	+10.9 pp
2019	26%	−16.9 pp
2013	42.8%	—

Fig. 1 — Business Working Capital Financing in Montenegro, 2013–2023

Frequently asked questions

What share of firms in Montenegro used banks to finance working capital?

36.8% of firms in Montenegro used banks to finance working capital in 2023, according to World Bank World Development Indicators data.

How recent is the business working capital financing data for Montenegro?

The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Montenegro.

Where does the business working capital financing data for Montenegro come from?

The data comes from the World Bank World Development Indicators (indicator IC.FRM.BKWC.ZS). The latest observation for Montenegro is from 2023; the snapshot was retrieved on 2026-06-10.

How has business working capital financing in Montenegro changed over time?

World Bank World Development Indicators data show a decline from 42.8% in 2013 to 36.8% in 2023.

How does Montenegro compare with other countries in Europe & Central Asia?

Montenegro ranks 10 of 43 countries in Europe & Central Asia with data, with 36.8% versus a regional average of 30.6% (latest values per country).

Source & methodology

Source: World Bank, World Development Indicators, indicator IC.FRM.BKWC.ZS, retrieved 2026-06-10.

Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.

Last updated 2026-06-10.