Foreign Reserves, Months Import Cover, Goods in Iceland

Iceland: Foreign Reserves, Months Import Cover, Goods was 0.634 in 2024. ◆ Volatile

Latest (2024)
0.634
Change on year
up 5.4%
World rank
43rd
of 116 countries
All-time high
1.75
in 2011
All-time low
0.1629
in 2001
Years of data
34
1991–2024

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

00.511.51991200720241991: 0.2991992: 0.3441993: 0.3531994: 0.2221995: 0.1941996: 0.2431997: 0.2061998: 0.1871999: 0.2082000: 0.1652001: 0.1632002: 0.2122003: 0.3062004: 0.3062005: 0.2262006: 0.3982007: 0.4122008: 0.6212009: 1.12010: 1.62011: 1.72012: 0.8582013: 0.8282014: 0.7662015: 0.9362016: 1.32017: 0.9352018: 0.8112019: 12020: 1.12021: 0.9092022: 0.6022023: 0.6012024: 0.634

Source: World Bank staff calculations based on Datastream data.

Analysis

Iceland recorded 0.634 for foreign reserves, months import cover, goods in 2024.

The figure is up 5.4% on the previous year and down 17.2% over ten years.

Over the whole period, foreign reserves, months import cover, goods in Iceland peaked at 1.75 in 2011 and was at its lowest, 0.1629, in 2001.

That places Iceland 43rd out of 116 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.2507 0.1869 0.3525 9
2000s 0.3957 0.1629 1.15 10
2010s 1.07 0.7656 1.75 10
2020s 0.7697 0.6013 1.1 5

Countries ranked near Iceland

  1. 40 South Korea 0.6581 compare
  2. 41 South Africa 0.6505 compare
  3. 42 Dominica 0.6357 compare
  4. 44 Czechia 0.6272 compare
  5. 45 Ukraine 0.6174 compare
  6. 46 Moldova 0.6048 compare

See the full ranking of 126 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is foreign reserves, months import cover, goods in Iceland?
Foreign reserves, months import cover, goods in Iceland was 0.634 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in Iceland?
The highest recorded value was 1.75 in 2011.
What is the lowest foreign reserves, months import cover, goods recorded in Iceland?
The lowest recorded value was 0.1629 in 2001.
How does Iceland rank for foreign reserves, months import cover, goods?
Iceland ranks 43rd out of 116 countries with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in Iceland?
Over the last ten years it is down 17.2%. The long-run trend across the full record is volatile.
Where does this Iceland 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.