Foreign Reserves, Months Import Cover, Goods in Saudi Arabia

Saudi Arabia: Foreign Reserves, Months Import Cover, Goods was 1.88 in 2024. ◆ Volatile

Latest (2024)
1.88
Change on year
down 11.1%
World rank
9th
of 116 countries
All-time high
4.49
in 2009
All-time low
0.325
in 1995
Years of data
31
1994–2024

Foreign Reserves, Months Import Cover, Goods in Saudi Arabia, 1994–2024

012341994200920241994: 0.3341995: 0.3251996: 0.5461997: 0.5431998: 0.4721999: 0.642000: 0.6772001: 0.5912002: 0.6712003: 0.642004: 0.6082005: 2.92006: 3.52007: 3.52008: 42009: 4.52010: 4.22011: 4.22012: 4.22013: 4.32014: 4.22015: 3.52016: 3.82017: 3.72018: 3.62019: 3.32020: 3.32021: 32022: 2.42023: 2.12024: 1.9

Source: World Bank staff calculations based on Datastream data.

Analysis

The most recent figure for foreign reserves, months import cover, goods in Saudi Arabia is 1.88, measured in 2024.

That represents a change of down 11.1% on the previous year and down 55.4% over ten years.

Over the whole period, foreign reserves, months import cover, goods in Saudi Arabia peaked at 4.49 in 2009 and was at its lowest, 0.325, in 1995.

Saudi Arabia ranks 9th of 116 countries on this measure, in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.4768 0.325 0.6403 6
2000s 2.16 0.5906 4.49 10
2010s 3.91 3.27 4.32 10
2020s 2.54 1.88 3.28 5

Countries ranked near Saudi Arabia

  1. 6 Syria 2.25 compare
  2. 7 Russia 2.02 compare
  3. 8 Taiwan 1.91 compare
  4. 10 Japan 1.56 compare
  5. 11 Peru 1.52 compare
  6. 12 Israel 1.52 compare

See the full ranking of 126 places →

More reference data data for Saudi Arabia

All data for Saudi Arabia →

Frequently asked questions

What is foreign reserves, months import cover, goods in Saudi Arabia?
Foreign reserves, months import cover, goods in Saudi Arabia was 1.88 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in Saudi Arabia?
The highest recorded value was 4.49 in 2009.
What is the lowest foreign reserves, months import cover, goods recorded in Saudi Arabia?
The lowest recorded value was 0.325 in 1995.
How does Saudi Arabia rank for foreign reserves, months import cover, goods?
Saudi Arabia ranks 9th out of 116 countries with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in Saudi Arabia?
Over the last ten years it is down 55.4%. The long-run trend across the full record is volatile.
Where does this Saudi Arabia 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 — 31 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.