Reserves in months of imports — all countries

Reserves in months of imports — San Marino

Reserves in months of imports in San Marino in 2023 — 2.89 months. Ranked 104 in the world out of 160. Since 2017, the indicator has risen by 70.4%.

2023 2.89 months +15.96% vs 2022
World rank 104of 160
Period maximum 3.8 months2020
Period minimum 1.45 months2018

Trend over time

2017–2023 · months of imports

Reserves in months of imports — San Marino, 2017–2023123420172018201920202021202220232017: 1.7 months2018: 1.45 months2019: 2.16 months2020: 3.8 months2021: 3.54 months2022: 2.49 months2023: 2.89 months
Change over the period: +1.19 (+70.44%) Average annual rate: 9.29 %

Comparison, 2023

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

San Marino 2.89 months
World 9.25 months
Europe & Central Asia 7.43 months
Southern Europe computed 2.62 months
High-income countries computed 3.81 months
Reserves in months of imports — San Marino, by year San Marino All countries CSV XLSX
Year months Change Change, %
2023 2.89 +0.4 +15.96%
2022 2.49 −1.04 −29.5%
2021 3.54 −0.26 −6.85%
2020 3.8 +1.64 +76%
2019 2.16 +0.7 +48.53%
2018 1.45 −0.24 −14.39%
2017 1.7

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.