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Reserves in months of imports — all countries

Reserves in months of imports — Upper-middle-income countries

Reserves in months of imports in upper-middle-income countries in 2024 — 8.32 months. Since 1997, the indicator has risen by 38.5%.

2024 8.32 months −4.5% vs 2023
World rank —
Period maximum 15.27 months2009
Period minimum 5.5 months2000

Trend over time

1997–2024 · months of imports

Reserves in months of imports — Upper-middle-income countries, 1997–202457.51012.51517.519972000200320062009201220152018202120241997: 6.01 months1998: 6.35 months1999: 6.47 months2000: 5.5 months2001: 6.34 months2002: 7.71 months2003: 7.19 months2004: 7.77 months2005: 8.23 months2006: 9.13 months2007: 10.83 months2008: 10.84 months2009: 15.27 months2010: 13.55 months2011: 12.32 months2012: 12.55 months2013: 12.75 months2014: 12.61 months2015: 12.42 months2016: 12.17 months2017: 11.31 months2018: 9.94 months2019: 10.33 months2020: 11.79 months2021: 9.36 months2022: 8.33 months2023: 8.72 months2024: 8.32 months
Change over the period: +2.31 (+38.46%) Average annual rate: 1.21 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Upper-middle-income countries

Upper-middle-income countries 8.32 months
World 8.8 months
Reserves in months of imports — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year months Change Change, %
2024 8.32 −0.39 −4.5%
2023 8.72 +0.39 +4.68%
2022 8.33 −1.03 −11.05%
2021 9.36 −2.43 −20.63%
2020 11.79 +1.46 +14.17%
2019 10.33 +0.39 +3.9%
2018 9.94 −1.37 −12.09%
2017 11.31 −0.87 −7.11%
2016 12.17 −0.25 −1.97%
2015 12.42 −0.19 −1.52%
2014 12.61 −0.14 −1.1%
2013 12.75 +0.21 +1.64%
2012 12.55 +0.23 +1.83%
2011 12.32 −1.23 −9.1%
2010 13.55 −1.72 −11.27%
2009 15.27 +4.44 +40.97%
2008 10.84 +0 +0.03%
2007 10.83 +1.7 +18.61%
2006 9.13 +0.9 +10.99%
2005 8.23 +0.46 +5.96%
2004 7.77 +0.57 +7.95%
2003 7.19 −0.52 −6.7%
2002 7.71 +1.37 +21.55%
2001 6.34 +0.85 +15.38%
2000 5.5 −0.97 −15.04%
1999 6.47 +0.12 +1.88%
1998 6.35 +0.34 +5.65%
1997 6.01 — —

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.

Other indicators for upper-middle-income countries

Finance International reserves

The gold and foreign exchange reserves of a country in US dollars.

Upper-middle-income countries by year Trade Imports of goods and services

The value of goods brought in and of services received from non-residents.

Upper-middle-income countries by year Finance Current account balance

The balance of a country's external transactions as a percent of GDP: surplus or deficit.

Upper-middle-income countries by year Finance Current account balance (World Bank)

The current account balance as a percent of GDP from World Bank data.

Upper-middle-income countries by year
All indicators for upper-middle-income countries