Reserves in months of imports — all countries

Reserves in months of imports — South America

Reserves in months of imports in South America in 2024 — 6.79 months. Since 1977, the indicator has risen by 15.1%.

2024 6.79 months −4.85% vs 2023
World rank
Period maximum 11.92 months2020
Period minimum 4.08 months1982

Trend over time

1977–2024 · months of imports

Reserves in months of imports — South America, 1977–202405101519771982198719921997200220072012201720221977: 5.89 months1978: 6.8 months1979: 7.49 months1980: 5.98 months1981: 4.75 months1982: 4.08 months1983: 4.73 months1984: 5.56 months1985: 6.43 months1986: 5.61 months1987: 4.98 months1988: 4.4 months1989: 4.38 months1990: 5.47 months1991: 4.96 months1992: 6.82 months1993: 7.08 months1994: 7.24 months1995: 6.9 months1996: 7.44 months1997: 6.29 months1998: 5.75 months1999: 6.15 months2000: 5.33 months2001: 5.16 months2002: 5.85 months2003: 6.43 months2004: 5.82 months2005: 5.3 months2006: 5.77 months2007: 7.97 months2008: 6.71 months2009: 9.91 months2010: 8.16 months2011: 7.95 months2012: 8.11 months2013: 7.84 months2014: 8.34 months2015: 9.93 months2016: 11.07 months2017: 10.3 months2018: 9.45 months2019: 9.27 months2020: 11.92 months2021: 8.78 months2022: 6.62 months2023: 7.13 months2024: 6.79 months
Change over the period: +0.89 (+15.12%) Average annual rate: 0.3 %

Comparison, 2024

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

South America 6.79 months
World 8.8 months
Reserves in months of imports — South America, by year South America All countries CSV XLSX
Year months Change Change, %
2024 6.79 −0.35 −4.85%
2023 7.13 +0.52 +7.8%
2022 6.62 −2.17 −24.66%
2021 8.78 −3.14 −26.35%
2020 11.92 +2.65 +28.55%
2019 9.27 −0.17 −1.84%
2018 9.45 −0.85 −8.28%
2017 10.3 −0.77 −6.97%
2016 11.07 +1.15 +11.54%
2015 9.93 +1.58 +18.97%
2014 8.34 +0.51 +6.45%
2013 7.84 −0.28 −3.4%
2012 8.11 +0.17 +2.12%
2011 7.95 −0.21 −2.6%
2010 8.16 −1.75 −17.65%
2009 9.91 +3.2 +47.65%
2008 6.71 −1.26 −15.86%
2007 7.97 +2.2 +38.13%
2006 5.77 +0.47 +8.83%
2005 5.3 −0.52 −8.93%
2004 5.82 −0.61 −9.49%
2003 6.43 +0.58 +9.95%
2002 5.85 +0.69 +13.39%
2001 5.16 −0.16 −3.08%
2000 5.33 −0.82 −13.37%
1999 6.15 +0.39 +6.86%
1998 5.75 −0.53 −8.49%
1997 6.29 −1.16 −15.55%
1996 7.44 +0.55 +7.92%
1995 6.9 −0.35 −4.8%
1994 7.24 +0.16 +2.27%
1993 7.08 +0.26 +3.87%
1992 6.82 +1.86 +37.59%
1991 4.96 −0.52 −9.46%
1990 5.47 +1.09 +24.89%
1989 4.38 −0.02 −0.49%
1988 4.4 −0.58 −11.59%
1987 4.98 −0.63 −11.23%
1986 5.61 −0.82 −12.77%
1985 6.43 +0.88 +15.8%
1984 5.56 +0.82 +17.4%
1983 4.73 +0.65 +15.9%
1982 4.08 −0.67 −14.02%
1981 4.75 −1.23 −20.62%
1980 5.98 −1.5 −20.07%
1979 7.49 +0.69 +10.14%
1978 6.8 +0.9 +15.3%
1977 5.89

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.