Foreign Reserves, Months Import Cover, Goods in South Africa

South Africa: Foreign Reserves, Months Import Cover, Goods was 0.6505 in 2024. ▲ Rising

Latest (2024)
0.6505
Change on year
up 9.6%
World rank
41st
of 116 countries
All-time high
0.7994
in 2020
All-time low
0.105
in 1996
Years of data
33
1992–2024

Foreign Reserves, Months Import Cover, Goods in South Africa, 1992–2024

0.20.40.60.81992200820241992: 0.1781993: 0.1251994: 0.1451995: 0.1941996: 0.1051997: 0.3081998: 0.2571999: 0.3682000: 0.3722001: 0.2842002: 0.2152003: 0.1842004: 0.282005: 0.3292006: 0.3512007: 0.6422008: 0.522009: 0.4862010: 0.5282011: 0.4762012: 0.4872013: 0.4792014: 0.4922015: 0.5352016: 0.632017: 0.6092018: 0.5562019: 0.6252020: 0.7992021: 0.6262022: 0.5542023: 0.5932024: 0.65

Source: World Bank staff calculations based on Datastream data.

Analysis

South Africa recorded 0.6505 for foreign reserves, months import cover, goods in 2024.

The figure is up 9.6% on the previous year and up 32.2% over ten years.

Over the whole period, foreign reserves, months import cover, goods in South Africa peaked at 0.7994 in 2020 and was at its lowest, 0.105, in 1996.

South Africa ranks 41st of 116 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 33 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.2101 0.105 0.3684 8
2000s 0.3662 0.1844 0.6417 10
2010s 0.5415 0.4759 0.6301 10
2020s 0.6446 0.5539 0.7994 5

Countries ranked near South Africa

  1. 38 Hong Kong 0.6673 compare
  2. 39 Indonesia 0.6615 compare
  3. 40 South Korea 0.6581 compare
  4. 42 Dominica 0.6357 compare
  5. 43 Iceland 0.634 compare
  6. 44 Czechia 0.6272 compare

See the full ranking of 126 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is foreign reserves, months import cover, goods in South Africa?
Foreign reserves, months import cover, goods in South Africa was 0.6505 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in South Africa?
The highest recorded value was 0.7994 in 2020.
What is the lowest foreign reserves, months import cover, goods recorded in South Africa?
The lowest recorded value was 0.105 in 1996.
How does South Africa rank for foreign reserves, months import cover, goods?
South Africa ranks 41st out of 116 countries with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in South Africa?
Over the last ten years it is up 32.2%. The long-run trend across the full record is rising.
Where does this South Africa 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 — 33 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.