Foreign Reserves, Months Import Cover, Goods in Albania

Albania: Foreign Reserves, Months Import Cover, Goods was 0.6773 in 2024. ▲ Rising

Latest (2024)
0.6773
Change on year
down 8.7%
World rank
36th
of 116 countries
All-time high
0.8586
in 2020
All-time low
0.1063
in 1993
Years of data
32
1993–2024

Foreign Reserves, Months Import Cover, Goods in Albania, 1993–2024

0.20.40.60.81993200820241993: 0.1061994: 0.3911995: 0.3211996: 0.3031997: 0.6331998: 0.481999: 0.442000: 0.5822001: 0.5712002: 0.5712003: 0.5512004: 0.5962005: 0.5482006: 0.5932007: 0.5112008: 0.4442009: 0.5232010: 0.5582011: 0.4612012: 0.5312013: 0.5692014: 0.5092015: 0.7252016: 0.6652017: 0.6812018: 0.6542019: 0.6352020: 0.8592021: 0.7322022: 0.6272023: 0.7422024: 0.677

Source: World Bank staff calculations based on Datastream data.

Analysis

In 2024, foreign reserves, months import cover, goods in Albania stood at 0.6773.

Compared with earlier readings it is down 8.7% on the previous year and up 33.1% over ten years.

Over the whole period, foreign reserves, months import cover, goods in Albania peaked at 0.8586 in 2020 and was at its lowest, 0.1063, in 1993.

That places Albania 36th out of 116 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently rising across the 32 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.3822 0.1063 0.6334 7
2000s 0.5489 0.444 0.5958 10
2010s 0.5987 0.4609 0.7246 10
2020s 0.7273 0.6266 0.8586 5

Countries ranked near Albania

  1. 33 Nigeria 0.7434 compare
  2. 34 Nicaragua 0.7217 compare
  3. 35 Haiti 0.6878 compare
  4. 37 Gabon 0.6754 compare
  5. 38 Hong Kong 0.6673 compare
  6. 39 Indonesia 0.6615 compare

See the full ranking of 126 places →

More reference data data for Albania

All data for Albania →

Frequently asked questions

What is foreign reserves, months import cover, goods in Albania?
Foreign reserves, months import cover, goods in Albania was 0.6773 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in Albania?
The highest recorded value was 0.8586 in 2020.
What is the lowest foreign reserves, months import cover, goods recorded in Albania?
The lowest recorded value was 0.1063 in 1993.
How does Albania rank for foreign reserves, months import cover, goods?
Albania ranks 36th out of 116 countries with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in Albania?
Over the last ten years it is up 33.1%. The long-run trend across the full record is rising.
Where does this Albania data come from?
The figures come from World Bank staff calculations based on Datastream data, published as part of Foreign Reserves, Months Import Cover, Goods. Statizoid updates them automatically from the source API.

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CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Foreign Reserves, Months Import Cover, Goods
Source
World Bank staff calculations based on Datastream data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
126 places, 3,278 data points, 1991–2024
Last refreshed

The stock of international reserves is expressed as the number of months of financing-coverage it represents for the given country's imports of merchandise goods.