Reserves in months of imports in OPEC in 2023 — 10.88 months. Since 2012, the indicator has fallen by 57.5%.
2012–2023 · months of imports
How the value compares with the world and the groups this territory belongs to: OPEC
| Year | months | Change | Change, % |
|---|---|---|---|
| 2023 | 10.88 | — | — |
| 2016 | 25.09 | +1.85 | +7.96% |
| 2015 | 23.24 | −1.3 | −5.29% |
| 2014 | 24.54 | −0.75 | −2.96% |
| 2013 | 25.28 | −0.3 | −1.16% |
| 2012 | 25.58 | — | — |
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.
The gold and foreign exchange reserves of a country in US dollars.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Finance Current account balanceThe balance of a country's external transactions as a percent of GDP: surplus or deficit.
Finance Current account balance (World Bank)The current account balance as a percent of GDP from World Bank data.