Foreign Reserves, Months Import Cover, Goods in Singapore

Singapore: Foreign Reserves, Months Import Cover, Goods was 1.09 in 2024. ▲ Rising

Latest (2024)
1.09
Change on year
up 1.3%
World rank
18th
of 116 countries
All-time high
1.44
in 2020
All-time low
0.7729
in 2008
Years of data
34
1991–2024

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

00.511.51991200720241991: 0.8381992: 0.9071993: 0.9091994: 0.8271995: 0.7791996: 0.8171997: 0.91998: 1.21999: 1.12000: 12001: 1.22002: 1.22003: 1.22004: 12005: 0.9582006: 0.8672007: 0.8832008: 0.7732009: 1.12010: 0.9142011: 0.822012: 0.8122013: 0.8812014: 0.8952015: 1.12016: 1.22017: 1.12018: 1.12019: 12020: 1.42021: 1.42022: 0.7952023: 1.12024: 1.1

Source: World Bank staff calculations based on Datastream data.

Analysis

In 2024, foreign reserves, months import cover, goods in Singapore stood at 1.09.

Compared with earlier readings it is up 1.3% on the previous year and up 21.4% over ten years.

Over the whole period, foreign reserves, months import cover, goods in Singapore peaked at 1.44 in 2020 and was at its lowest, 0.7729, in 2008.

Singapore ranks 18th of 116 countries on this measure, in the top quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.927 0.7793 1.22 9
2000s 1.02 0.7729 1.21 10
2010s 0.989 0.8124 1.21 10
2020s 1.15 0.7954 1.44 5

Countries ranked near Singapore

  1. 15 Brazil 1.26 compare
  2. 16 Mauritius 1.24 compare
  3. 17 Jordan 1.23 compare
  4. 19 Brunei 1.07 compare
  5. 20 Botswana 1.06 compare
  6. 21 Colombia 1.03 compare

See the full ranking of 126 places →

More reference data data for Singapore

All data for Singapore →

Frequently asked questions

What is foreign reserves, months import cover, goods in Singapore?
Foreign reserves, months import cover, goods in Singapore was 1.09 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in Singapore?
The highest recorded value was 1.44 in 2020.
What is the lowest foreign reserves, months import cover, goods recorded in Singapore?
The lowest recorded value was 0.7729 in 2008.
How does Singapore rank for foreign reserves, months import cover, goods?
Singapore ranks 18th out of 116 countries with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in Singapore?
Over the last ten years it is up 21.4%. The long-run trend across the full record is rising.
Where does this Singapore 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.