Formal Borrowing Statistics in Montenegro (2026)
In 2024, 15.9% of adults in Montenegro borrowed from a formal financial institution, according to World Bank Global Findex data. Down from 23.7% in 2017 to 15.9% in 2024 (−7.8 percentage points). Montenegro ranks #39 of 46 economies in Europe & Central Asia on this measure, and #70 of 142 globally.
Key Statistics
- Latest value (2024)
- 15.9% (2024)
- Formal Borrowing in Montenegro as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2017
- −7.8 pp (2024)
- Down from 23.7% in 2017 to 15.9% in 2024 (−7.8 percentage points).
- Earliest value in this dataset (2014)
- 29.5% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 29.5% in 2014 to 15.9% in 2024.
- Peak value (2014)
- 29.5% (2014)
- Highest value in the available series; the 2024 value is 15.9%.
- Rank in Europe & Central Asia
- #39 of 46 (2024)
- Montenegro ranks 39 of 46 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #70 of 142 (2024)
- Montenegro ranks 70 of 142 countries with data globally.
- Europe & Central Asia average
- 33.3% (2024)
- Montenegro (15.9%) is below the average of 33.3% across the 46 countries in Europe & Central Asia with data.
- Among women (2024)
- 13.2% (2024)
- Value for women in Montenegro, same 2024 World Bank Global Findex data.
- Among men (2024)
- 18.8% (2024)
- Value for men in Montenegro, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −5.6 pp (2024)
- In 2024, the figure was 13.2% for women and 18.8% for men — 5.6 percentage points lower among women.
- Among the poorest 40% (2024)
- 11% (2024)
- Value for adults in the poorest 40% of households in Montenegro in 2024.
- Poorest-40% gap vs national
- −4.9 pp (2024)
- The poorest 40% (11%) are 4.9 percentage points below the national figure (15.9%).
- 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, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 15.9% | −7.8 pp |
| 2017 | 23.7% | −5.8 pp |
| 2014 | 29.5% | — |
Frequently asked questions
What share of adults in Montenegro borrowed from a formal financial institution?
15.9% of adults in Montenegro borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
How recent is the formal borrowing data for Montenegro?
The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Montenegro.
Where does the formal borrowing data for Montenegro come from?
The data comes from the World Bank Global Findex (indicator fin22a). The latest observation for Montenegro is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal borrowing in Montenegro changed over time?
World Bank Global Findex data show a decline from 29.5% in 2014 to 15.9% in 2024.
Source & methodology
Source: World Bank Global Findex, indicator
fin22a, retrieved .
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 .