Reserves in months of imports — all countries

Reserves in months of imports — Madagascar

Reserves in months of imports in Madagascar in 2024 — 5.5 months. Ranked 50 in the world out of 150. Since 1974, the indicator has risen by 244.3%.

2024 5.5 months +0.91% vs 2023
World rank 50of 150
Period maximum 5.73 months2020
Period minimum 0.06 months1979

Trend over time

1974–2024 · months of imports

Reserves in months of imports — Madagascar, 1974–20240246197419791984198919941999200420092014201920241974: 1.6 months1975: 0.85 months1976: 1.22 months1977: 1.81 months1978: 1.22 months1979: 0.06 months1980: 0.1 months1981: 0.38 months1982: 0.32 months1983: 0.52 months1984: 1.06 months1985: 0.91 months1986: 1.97 months1987: 3.06 months1988: 3.53 months1989: 3.89 months1990: 1.12 months1991: 1.26 months1992: 1.15 months1993: 1 months1994: 0.83 months1995: 1.13 months1996: 2.51 months1997: 3.23 months1998: 1.91 months1999: 2.52 months2000: 2.81 months2001: 3.65 months2002: 2.45 months2003: 3.4 months2004: 3.65 months2005: 2.52 months2006: 2.79 months2007: 2.87 months2008: 2.4 months2009: 2.88 months2010: 3.36 months2011: 3.3 months2012: 2.91 months2013: 2.02 months2014: 2.11 months2015: 2.52 months2016: 3.49 months2017: 3.88 months2018: 3.91 months2019: 3.88 months2020: 5.73 months2021: 5.47 months2022: 3.97 months2023: 5.46 months2024: 5.5 months
Change over the period: +3.91 (+244.33%) Average annual rate: 2.5 %

Comparison, 2024

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

Madagascar 5.5 months
World 8.8 months
Sub-Saharan Africa 5.37 months
Reserves in months of imports — Madagascar, by year Madagascar All countries CSV XLSX
Year months Change Change, %
2024 5.5 +0.05 +0.91%
2023 5.46 +1.48 +37.29%
2022 3.97 −1.5 −27.35%
2021 5.47 −0.26 −4.56%
2020 5.73 +1.85 +47.7%
2019 3.88 −0.03 −0.85%
2018 3.91 +0.03 +0.75%
2017 3.88 +0.39 +11.21%
2016 3.49 +0.98 +38.76%
2015 2.52 +0.4 +19.18%
2014 2.11 +0.09 +4.64%
2013 2.02 −0.89 −30.53%
2012 2.91 −0.4 −12%
2011 3.3 −0.06 −1.73%
2010 3.36 +0.48 +16.6%
2009 2.88 +0.48 +20.17%
2008 2.4 −0.47 −16.49%
2007 2.87 +0.08 +3%
2006 2.79 +0.27 +10.75%
2005 2.52 −1.13 −31.06%
2004 3.65 +0.25 +7.22%
2003 3.4 +0.95 +38.93%
2002 2.45 −1.2 −32.92%
2001 3.65 +0.85 +30.12%
2000 2.81 +0.29 +11.38%
1999 2.52 +0.61 +31.64%
1998 1.91 −1.31 −40.67%
1997 3.23 +0.71 +28.37%
1996 2.51 +1.39 +123.22%
1995 1.13 +0.29 +35.21%
1994 0.83 −0.16 −16.47%
1993 1 −0.15 −13.01%
1992 1.15 −0.12 −9.2%
1991 1.26 +0.14 +12.5%
1990 1.12 −2.77 −71.13%
1989 3.89 +0.36 +10.26%
1988 3.53 +0.46 +15.14%
1987 3.06 +1.09 +55.25%
1986 1.97 +1.06 +115.88%
1985 0.91 −0.15 −13.83%
1984 1.06 +0.54 +103.06%
1983 0.52 +0.2 +64.06%
1982 0.32 −0.07 −17.26%
1981 0.38 +0.29 +295.11%
1980 0.1 +0.03 +54.35%
1979 0.06 −1.15 −94.81%
1978 1.22 −0.6 −33.02%
1977 1.81 +0.59 +48.42%
1976 1.22 +0.37 +43.77%
1975 0.85 −0.75 −46.82%
1974 1.6

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.