Foreign Reserves, Months Import Cover, Goods in Canada

Canada: Foreign Reserves, Months Import Cover, Goods was 0.2089 in 2024. ▲ Rising

Latest (2024)
0.2089
Change on year
up 1.5%
World rank
86th
of 116 countries
All-time high
0.2147
in 2020
All-time low
0.0809
in 1994
Years of data
34
1991–2024

Foreign Reserves, Months Import Cover, Goods in Canada, 1991–2024

00.050.10.150.21991200720241991: 0.1321992: 0.091993: 0.0911994: 0.0811995: 0.091996: 0.1171997: 0.0891998: 0.1141999: 0.1282000: 0.1322001: 0.152002: 0.1632003: 0.1482004: 0.1232005: 0.1032006: 0.0982007: 0.1052008: 0.1052009: 0.1652010: 0.1422011: 0.1422012: 0.1442013: 0.1522014: 0.1572015: 0.1852016: 0.22017: 0.1962018: 0.1792019: 0.1842020: 0.2152021: 0.2112022: 0.1832023: 0.2062024: 0.209

Source: World Bank staff calculations based on Datastream data.

Analysis

Canada recorded 0.2089 for foreign reserves, months import cover, goods in 2024.

That represents a change of up 1.5% on the previous year and up 33.1% over ten years.

Over the whole period, foreign reserves, months import cover, goods in Canada peaked at 0.2147 in 2020 and was at its lowest, 0.0809, in 1994.

That places Canada 86th 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 34 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.1036 0.0809 0.1324 9
2000s 0.1292 0.098 0.1647 10
2010s 0.1681 0.1418 0.2002 10
2020s 0.2045 0.1826 0.2147 5

Countries ranked near Canada

  1. 83 Malawi 0.2146 compare
  2. 84 Armenia 0.2139 compare
  3. 85 Bahrain 0.2115 compare
  4. 87 Australia 0.2038 compare
  5. 88 Bolivia 0.199 compare
  6. 89 United Kingdom 0.1954 compare

See the full ranking of 126 places →

More reference data data for Canada

All data for Canada →

Frequently asked questions

What is foreign reserves, months import cover, goods in Canada?
Foreign reserves, months import cover, goods in Canada was 0.2089 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in Canada?
The highest recorded value was 0.2147 in 2020.
What is the lowest foreign reserves, months import cover, goods recorded in Canada?
The lowest recorded value was 0.0809 in 1994.
How does Canada rank for foreign reserves, months import cover, goods?
Canada ranks 86th out of 116 countries with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in Canada?
Over the last ten years it is up 33.1%. The long-run trend across the full record is rising.
Where does this Canada 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.

Download this data

CSV · JSON — 34 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.