Montenegro—Firms Using Banks to Finance Investment (%)
Category: FinanceSource: World Bank World Development Indicators ↗Global Rank: #55 of 117Updated April 2026
Latest Value
26.9%
2023
YoY Change
+70.5%
2019 → 2023
Global Rank
#55
of 117 countries
Maximum
75.8%
2009
Minimum
15.8%
2019
CAGR
-7.1%
4 years
Last
26.9%
Previous
15.8%
Highest
75.8%
Lowest
15.8%
Source
World Bank World Development Indicators
Montenegro's firms using banks to finance investment (%) was 26.9% in 2023, ranking #55 out of 117 countries. This represents a +70.5% change from 2019. Over the past 4 years, the highest recorded value was 75.8% (2009) and the lowest was 15.8% (2019). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 26.9% | +70.5% |
| 2019 | 15.8% | -54.4% |
| 2013 | 34.6% | -54.3% |
| 2009 | 75.8% |
Top Countries — Firms Using Banks to Finance Investment (%)
About This Indicator
Definition
Percentage of firms using banks to finance purchases of fixed assets.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.