Reserves in months of imports — all countries

Reserves in months of imports — Armenia

Reserves in months of imports in Armenia in 2025 — 3.41 months. Ranked 59 in the world out of 87. Since 1993, the indicator has risen by 536%.

2025 3.41 months +65.35% vs 2024
World rank 59of 87
Period maximum 5.57 months2021
Period minimum 0.54 months1993

Trend over time

1993–2025 · months of imports

Reserves in months of imports — Armenia, 1993–202502461993199720012005200920132017202120251993: 0.54 months1994: 0.97 months1995: 1.75 months1996: 2.15 months1997: 2.82 months1998: 3.37 months1999: 3.87 months2000: 3.66 months2001: 3.52 months2002: 4.1 months2003: 3.76 months2004: 3.27 months2005: 3.19 months2006: 4.24 months2007: 4.59 months2008: 3.06 months2009: 5.41 months2010: 4.37 months2011: 4.12 months2012: 3.71 months2013: 4.46 months2014: 2.89 months2015: 4.37 months2016: 5.21 months2017: 4.43 months2018: 3.67 months2019: 4.11 months2020: 5.5 months2021: 5.57 months2022: 4.13 months2023: 2.62 months2024: 2.06 months2025: 3.41 months
Change over the period: +2.87 (+535.95%) Average annual rate: 5.95 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Armenia

Armenia 3.41 months
World 8.89 months
Europe & Central Asia 6.56 months
Reserves in months of imports — Armenia, by year Armenia All countries CSV XLSX
Year months Change Change, %
2025 3.41 +1.35 +65.35%
2024 2.06 −0.56 −21.26%
2023 2.62 −1.52 −36.67%
2022 4.13 −1.43 −25.75%
2021 5.57 +0.06 +1.17%
2020 5.5 +1.39 +33.84%
2019 4.11 +0.44 +12.01%
2018 3.67 −0.76 −17.21%
2017 4.43 −0.78 −15.01%
2016 5.21 +0.85 +19.38%
2015 4.37 +1.48 +51%
2014 2.89 −1.57 −35.18%
2013 4.46 +0.76 +20.38%
2012 3.71 −0.42 −10.09%
2011 4.12 −0.24 −5.55%
2010 4.37 −1.05 −19.32%
2009 5.41 +2.35 +76.74%
2008 3.06 −1.53 −33.34%
2007 4.59 +0.36 +8.41%
2006 4.24 +1.05 +32.92%
2005 3.19 −0.08 −2.59%
2004 3.27 −0.49 −12.93%
2003 3.76 −0.34 −8.34%
2002 4.1 +0.58 +16.45%
2001 3.52 −0.14 −3.75%
2000 3.66 −0.21 −5.39%
1999 3.87 +0.5 +14.85%
1998 3.37 +0.55 +19.42%
1997 2.82 +0.67 +31.27%
1996 2.15 +0.4 +22.95%
1995 1.75 +0.78 +80.3%
1994 0.97 +0.43 +80.82%
1993 0.54

About the indicator

The ratio of international reserves to average monthly imports of goods and services. The commonly accepted minimum benchmark of adequacy is three months of imports; below that level a country becomes vulnerable to external shocks and to a halt in the inflow of capital.

Important: The aggregate is weighted by imports: all of the reserves of a group divided by its average monthly imports. Weighting by population or GDP will not do here — imports are precisely what stands in the denominator of the indicator.

Source: World Economic Outlook (IMF), license IMF open data.