Foreign Reserves, Months Import Cover, Goods in Middle income

Middle income: Foreign Reserves, Months Import Cover, Goods was 0.8918 in 2024. ▲ Rising

Latest (2024)
0.8918
Change on year
down 1.1%
Rank
6th
of 10 groups
All-time high
1.46
in 2009
All-time low
0.3804
in 1992
Years of data
34
1991–2024

Foreign Reserves, Months Import Cover, Goods in Middle income, 1991–2024

0.50.7511.21.51991200720241991: 0.3951992: 0.381993: 0.4311994: 0.5071995: 0.4861996: 0.5431997: 0.5431998: 0.6011999: 0.6352000: 0.5352001: 0.6212002: 0.7132003: 0.7742004: 0.7932005: 0.8242006: 0.9112007: 1.12008: 0.9992009: 1.52010: 1.32011: 1.12012: 1.12013: 1.22014: 1.22015: 1.22016: 1.22017: 1.12018: 0.9912019: 1.12020: 1.22021: 0.9642022: 0.8192023: 0.9022024: 0.892

Source: World Bank staff calculations based on Datastream data.

Analysis

Middle income recorded 0.8918 for foreign reserves, months import cover, goods in 2024.

Compared with earlier readings it is down 1.1% on the previous year and down 25.9% over ten years.

Over the whole period, foreign reserves, months import cover, goods in Middle income peaked at 1.46 in 2009 and was at its lowest, 0.3804, in 1992.

The long-run direction has been consistently rising across the 34 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.5024 0.3804 0.6353 9
2000s 0.8702 0.5345 1.46 10
2010s 1.16 0.991 1.28 10
2020s 0.9607 0.8194 1.23 5

Countries ranked near Middle income

  1. 3 Switzerland 3.11 compare
  2. 4 Algeria 2.43 compare
  3. 5 Lebanon 2.3 compare
  4. 6 Syria 2.25 compare
  5. 7 Russia 2.02 compare
  6. 8 Taiwan 1.91 compare
  7. 9 Saudi Arabia 1.88 compare

See the full ranking of 126 places →

More reference data data for Middle income

All data for Middle income →

Frequently asked questions

What is foreign reserves, months import cover, goods in Middle income?
Foreign reserves, months import cover, goods in Middle income was 0.8918 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in Middle income?
The highest recorded value was 1.46 in 2009.
What is the lowest foreign reserves, months import cover, goods recorded in Middle income?
The lowest recorded value was 0.3804 in 1992.
How does Middle income rank for foreign reserves, months import cover, goods?
Middle income ranks 6th out of 10 groups with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in Middle income?
Over the last ten years it is down 25.9%. The long-run trend across the full record is rising.
Where does this 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.

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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.