Foreign Reserves, Months Import Cover, Goods in Lower middle income

Lower middle income: Foreign Reserves, Months Import Cover, Goods was 0.7507 in 2024. ▼ Falling

Latest (2024)
0.7507
Change on year
up 2.9%
Rank
8th
of 10 groups
All-time high
1.11
in 2020
All-time low
0.6339
in 2022
Years of data
24
2001–2024

Foreign Reserves, Months Import Cover, Goods in Lower middle income, 2001–2024

00.250.50.7512001201220242001: 0.7282002: 0.8292003: 0.9342004: 0.9012005: 0.7922006: 0.8822007: 0.9952008: 0.7352009: 0.9932010: 0.8292011: 0.6582012: 0.6642013: 0.6792014: 0.6832015: 0.7652016: 0.8262017: 0.7852018: 0.682019: 0.7792020: 1.12021: 0.8572022: 0.6342023: 0.7292024: 0.751

Source: World Bank staff calculations based on Datastream data.

Analysis

In 2024, foreign reserves, months import cover, goods in Lower middle income stood at 0.7507.

The figure is up 2.9% on the previous year and up 9.9% over ten years.

Over the whole period, foreign reserves, months import cover, goods in Lower middle income peaked at 1.11 in 2020 and was at its lowest, 0.6339, in 2022.

The long-run direction has been consistently falling across the 24 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.8656 0.7282 0.9952 9
2010s 0.735 0.6581 0.8286 10
2020s 0.8161 0.6339 1.11 5

Countries ranked near Lower middle income

  1. 5 Lebanon 2.3 compare
  2. 6 Syria 2.25 compare
  3. 7 Russia 2.02 compare
  4. 8 Taiwan 1.91 compare
  5. 9 Saudi Arabia 1.88 compare
  6. 10 Japan 1.56 compare
  7. 11 Peru 1.52 compare

See the full ranking of 126 places →

More reference data data for Lower middle income

All data for Lower middle income →

Frequently asked questions

What is foreign reserves, months import cover, goods in Lower middle income?
Foreign reserves, months import cover, goods in Lower middle income was 0.7507 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in Lower middle income?
The highest recorded value was 1.11 in 2020.
What is the lowest foreign reserves, months import cover, goods recorded in Lower middle income?
The lowest recorded value was 0.6339 in 2022.
How does Lower middle income rank for foreign reserves, months import cover, goods?
Lower middle income ranks 8th out of 10 groups with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in Lower middle income?
Over the last ten years it is up 9.9%. The long-run trend across the full record is falling.
Where does this Lower middle income 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 — 24 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.