Foreign Exchange Reserves (months of imports)

Months of imports that can be covered by official foreign exchange reserves. The IMF recommends a minimum of 3 months for import-dependent economies; 6–12 months is considered prudent for emerging markets. Very high values (15+ months) reflect large oil revenues or export surpluses. Low reserves leave currencies exposed to speculative attacks and limit crisis-response capacity.

Raw-value source: IMF IFS 2023/2024

# Country Raw Value Score
1 Switzerland31.2 months of imports 31.2 months of imports 100
1 Libya25.3 months of imports 25.3 months of imports 100
3 Macau22.4 months of imports 22.4 months of imports 95
4 Japan22.1 months of imports 22.1 months of imports 94
4 Liechtenstein22 months of imports 22 months of imports 94
6 Kuwait21.5 months of imports 21.5 months of imports 93
6 Saudi Arabia21.5 months of imports 21.5 months of imports 93
8 United Arab Emirates19.8 months of imports 19.8 months of imports 89
9 Hong Kong19.2 months of imports 19.2 months of imports 88
10 Qatar18.5 months of imports 18.5 months of imports 86
10 Brunei18.5 months of imports 18.5 months of imports 86
12 Chinese Taipei17.8 months of imports 17.8 months of imports 84
13 China16.4 months of imports 16.4 months of imports 81
14 Russia15.8 months of imports 15.8 months of imports 79
14 Peru15.8 months of imports 15.8 months of imports 79
14 Timor-Leste15.5 months of imports 15.5 months of imports 79
17 Brazil15.3 months of imports 15.3 months of imports 78
17 Norway15.1 months of imports 15.1 months of imports 78
19 Singapore14.1 months of imports 14.1 months of imports 75
20 Algeria13.2 months of imports 13.2 months of imports 73
21 Iraq12.8 months of imports 12.8 months of imports 72
22 Kiribati12.5 months of imports 12.5 months of imports 71
23 Oman11.8 months of imports 11.8 months of imports 69
24 Uruguay11.5 months of imports 11.5 months of imports 68
25 Botswana11.2 months of imports 11.2 months of imports 67
26 Israel10.8 months of imports 10.8 months of imports 66
27 Tuvalu9.5 months of imports 9.5 months of imports 62
28 India9.2 months of imports 9.2 months of imports 61
29 Trinidad and Tobago8.8 months of imports 8.8 months of imports 59
29 Nepal8.8 months of imports 8.8 months of imports 59
31 Nauru8.5 months of imports 8.5 months of imports 58
31 Thailand8.5 months of imports 8.5 months of imports 58
31 Kazakhstan8.5 months of imports 8.5 months of imports 58
31 Colombia8.5 months of imports 8.5 months of imports 58
35 Czech Republic8.2 months of imports 8.2 months of imports 57
35 Jordan8.2 months of imports 8.2 months of imports 57
35 Palau8.2 months of imports 8.2 months of imports 57
35 Bhutan8.2 months of imports 8.2 months of imports 57
35 Vanuatu8.2 months of imports 8.2 months of imports 57
35 Monaco8 months of imports 8 months of imports 57
41 Mauritius7.8 months of imports 7.8 months of imports 56
41 Azerbaijan7.8 months of imports 7.8 months of imports 56
43 Uzbekistan7.5 months of imports 7.5 months of imports 55
43 Tonga7.5 months of imports 7.5 months of imports 55
43 Solomon Islands7.5 months of imports 7.5 months of imports 55
46 Korea Republic7.2 months of imports 7.2 months of imports 54
46 Comoros7.2 months of imports 7.2 months of imports 54
46 Micronesia7.2 months of imports 7.2 months of imports 54
46 Philippines7.2 months of imports 7.2 months of imports 54
50 San Marino7 months of imports 7 months of imports 53
51 Cambodia6.8 months of imports 6.8 months of imports 52
51 Cape Verde6.8 months of imports 6.8 months of imports 52
51 Bulgaria6.8 months of imports 6.8 months of imports 52
51 Romania6.8 months of imports 6.8 months of imports 52
55 Samoa6.5 months of imports 6.5 months of imports 51
55 Fiji6.5 months of imports 6.5 months of imports 51
57 Angola6.3 months of imports 6.3 months of imports 50
57 Faroe Islands6.2 months of imports 6.2 months of imports 50
57 Iceland6.2 months of imports 6.2 months of imports 50
60 Andorra6 months of imports 6 months of imports 49
61 Gabon5.8 months of imports 5.8 months of imports 48
61 Poland5.8 months of imports 5.8 months of imports 48
61 Guyana5.8 months of imports 5.8 months of imports 48
61 Paraguay5.8 months of imports 5.8 months of imports 48
61 South Africa5.8 months of imports 5.8 months of imports 48
61 Marshall Islands5.8 months of imports 5.8 months of imports 48
61 Moldova5.8 months of imports 5.8 months of imports 48
61 North Macedonia5.8 months of imports 5.8 months of imports 48
61 Serbia5.8 months of imports 5.8 months of imports 48
61 Bosnia and Herzegovina5.8 months of imports 5.8 months of imports 48
61 Croatia5.8 months of imports 5.8 months of imports 48
61 Costa Rica5.8 months of imports 5.8 months of imports 48
61 Guatemala5.8 months of imports 5.8 months of imports 48
61 Indonesia5.8 months of imports 5.8 months of imports 48
61 Chile5.8 months of imports 5.8 months of imports 48
76 Sweden5.5 months of imports 5.5 months of imports 47
76 Bermuda5.5 months of imports 5.5 months of imports 47
76 Turkmenistan5.5 months of imports 5.5 months of imports 47
76 Tahiti5.5 months of imports 5.5 months of imports 47
76 Mexico5.5 months of imports 5.5 months of imports 47
76 Wallis and Futuna5.5 months of imports 5.5 months of imports 47
76 New Caledonia5.5 months of imports 5.5 months of imports 47
83 Denmark5.2 months of imports 5.2 months of imports 46
83 Luxembourg5.2 months of imports 5.2 months of imports 46
83 Malaysia5.2 months of imports 5.2 months of imports 46
83 Tanzania5.2 months of imports 5.2 months of imports 46
83 Cayman Islands5.2 months of imports 5.2 months of imports 46
83 Barbados5.2 months of imports 5.2 months of imports 46
83 Morocco5.2 months of imports 5.2 months of imports 46
83 Jamaica5.2 months of imports 5.2 months of imports 46
83 Saint Kitts and Nevis5.2 months of imports 5.2 months of imports 46
83 Armenia5.2 months of imports 5.2 months of imports 46
93 Gibraltar5 months of imports 5 months of imports 45
93 Turks and Caicos Islands5 months of imports 5 months of imports 45
95 Senegal4.8 months of imports 4.8 months of imports 44
95 Nigeria4.8 months of imports 4.8 months of imports 44
95 Benin4.8 months of imports 4.8 months of imports 44
95 Seychelles4.8 months of imports 4.8 months of imports 44
95 Lesotho4.8 months of imports 4.8 months of imports 44
95 Egypt4.8 months of imports 4.8 months of imports 44
95 Austria4.8 months of imports 4.8 months of imports 44
95 Hungary4.8 months of imports 4.8 months of imports 44
95 Rwanda4.8 months of imports 4.8 months of imports 44
95 Honduras4.8 months of imports 4.8 months of imports 44
95 Bolivia4.8 months of imports 4.8 months of imports 44
95 Cook Islands4.8 months of imports 4.8 months of imports 44
95 Georgia4.8 months of imports 4.8 months of imports 44
95 Albania4.8 months of imports 4.8 months of imports 44
95 Djibouti4.8 months of imports 4.8 months of imports 44
95 New Zealand4.8 months of imports 4.8 months of imports 44
111 Finland4.5 months of imports 4.5 months of imports 42
111 Lithuania4.5 months of imports 4.5 months of imports 42
111 Gambia4.5 months of imports 4.5 months of imports 42
111 Mali4.5 months of imports 4.5 months of imports 42
111 Ivory Coast4.5 months of imports 4.5 months of imports 42
111 Netherlands4.5 months of imports 4.5 months of imports 42
111 Guinea-Bissau4.5 months of imports 4.5 months of imports 42
111 Zanzibar4.5 months of imports 4.5 months of imports 42
111 São Tomé and Príncipe4.5 months of imports 4.5 months of imports 42
111 Panama4.5 months of imports 4.5 months of imports 42
111 Slovenia4.5 months of imports 4.5 months of imports 42
111 Montenegro4.5 months of imports 4.5 months of imports 42
111 Niue4.5 months of imports 4.5 months of imports 42
111 Saint Lucia4.5 months of imports 4.5 months of imports 42
111 Montserrat4.5 months of imports 4.5 months of imports 42
111 Kyrgyzstan4.5 months of imports 4.5 months of imports 42
127 Australia4.2 months of imports 4.2 months of imports 41
127 Latvia4.2 months of imports 4.2 months of imports 41
127 Malta4.2 months of imports 4.2 months of imports 41
127 Belgium4.2 months of imports 4.2 months of imports 41
127 Niger4.2 months of imports 4.2 months of imports 41
127 Mauritania4.2 months of imports 4.2 months of imports 41
127 Congo4.2 months of imports 4.2 months of imports 41
127 Slovakia4.2 months of imports 4.2 months of imports 41
127 France4.2 months of imports 4.2 months of imports 41
127 Uganda4.2 months of imports 4.2 months of imports 41
127 Portugal4.2 months of imports 4.2 months of imports 41
127 Cyprus4.2 months of imports 4.2 months of imports 41
127 Saint Vincent and the Grenadines4.2 months of imports 4.2 months of imports 41
127 Dominican Republic4.2 months of imports 4.2 months of imports 41
127 Tajikistan4.2 months of imports 4.2 months of imports 41
127 Nicaragua4.2 months of imports 4.2 months of imports 41
127 Papua New Guinea4.2 months of imports 4.2 months of imports 41
144 Aruba4.1 months of imports 4.1 months of imports 40
144 Bangladesh4.1 months of imports 4.1 months of imports 40
144 Ireland4 months of imports 4 months of imports 40
144 Saint Pierre and Miquelon4 months of imports 4 months of imports 40
144 U.S. Virgin Islands4 months of imports 4 months of imports 40
144 British Virgin Islands4 months of imports 4 months of imports 40
144 Guam4 months of imports 4 months of imports 40
144 Northern Mariana Islands4 months of imports 4 months of imports 40
152 England3.8 months of imports 3.8 months of imports 39
152 Wales3.8 months of imports 3.8 months of imports 39
152 Northern Ireland3.8 months of imports 3.8 months of imports 39
152 Scotland3.8 months of imports 3.8 months of imports 39
152 Estonia3.8 months of imports 3.8 months of imports 39
152 Madagascar3.8 months of imports 3.8 months of imports 39
152 Burkina Faso3.8 months of imports 3.8 months of imports 39
152 Namibia3.8 months of imports 3.8 months of imports 39
152 Togo3.8 months of imports 3.8 months of imports 39
152 Cameroon3.8 months of imports 3.8 months of imports 39
152 Curacao3.8 months of imports 3.8 months of imports 39
152 Ukraine3.8 months of imports 3.8 months of imports 39
152 Bahamas3.8 months of imports 3.8 months of imports 39
152 Spain3.8 months of imports 3.8 months of imports 39
152 Kenya3.8 months of imports 3.8 months of imports 39
152 Belize3.8 months of imports 3.8 months of imports 39
152 Mongolia3.8 months of imports 3.8 months of imports 39
152 Sint Maarten3.8 months of imports 3.8 months of imports 39
152 Italy3.8 months of imports 3.8 months of imports 39
152 Dominica3.8 months of imports 3.8 months of imports 39
152 Greece3.8 months of imports 3.8 months of imports 39
173 Kosovo3.5 months of imports 3.5 months of imports 37
173 Germany3.5 months of imports 3.5 months of imports 37
173 French Guiana3.5 months of imports 3.5 months of imports 37
173 Equatorial Guinea3.5 months of imports 3.5 months of imports 37
173 Tunisia3.5 months of imports 3.5 months of imports 37
173 Réunion3.5 months of imports 3.5 months of imports 37
173 Anguilla3.5 months of imports 3.5 months of imports 37
173 Saint-Martin3.5 months of imports 3.5 months of imports 37
173 Puerto Rico3.5 months of imports 3.5 months of imports 37
173 Grenada3.5 months of imports 3.5 months of imports 37
173 Mayotte3.5 months of imports 3.5 months of imports 37
173 Martinique3.5 months of imports 3.5 months of imports 37
173 Guadeloupe3.5 months of imports 3.5 months of imports 37
186 United States3.2 months of imports 3.2 months of imports 36
186 Maldives3.2 months of imports 3.2 months of imports 36
186 Canada3.2 months of imports 3.2 months of imports 36
186 Swaziland3.2 months of imports 3.2 months of imports 36
186 Central African Republic3.2 months of imports 3.2 months of imports 36
186 Vietnam3.2 months of imports 3.2 months of imports 36
186 Antigua and Barbuda3.2 months of imports 3.2 months of imports 36
186 Turkey3.2 months of imports 3.2 months of imports 36
186 Ecuador3.2 months of imports 3.2 months of imports 36
195 American Samoa3 months of imports 3 months of imports 35
196 Ghana2.8 months of imports 2.8 months of imports 33
196 Suriname2.8 months of imports 2.8 months of imports 33
196 Chad2.8 months of imports 2.8 months of imports 33
196 Guinea2.8 months of imports 2.8 months of imports 33
196 Zambia2.8 months of imports 2.8 months of imports 33
196 Bahrain2.8 months of imports 2.8 months of imports 33
196 Mozambique2.8 months of imports 2.8 months of imports 33
196 El Salvador2.8 months of imports 2.8 months of imports 33
204 Sierra Leone2.5 months of imports 2.5 months of imports 32
204 Palestine2.5 months of imports 2.5 months of imports 32
204 Myanmar2.5 months of imports 2.5 months of imports 32
204 Iran2.5 months of imports 2.5 months of imports 32
208 Liberia2.2 months of imports 2.2 months of imports 30
208 Laos2.2 months of imports 2.2 months of imports 30
210 Afghanistan2.1 months of imports 2.1 months of imports 29
211 Western Sahara2 months of imports 2 months of imports 28
212 Belarus1.8 months of imports 1.8 months of imports 27
212 Congo DR1.8 months of imports 1.8 months of imports 27
212 Ethiopia1.8 months of imports 1.8 months of imports 27
212 Malawi1.8 months of imports 1.8 months of imports 27
212 Pakistan1.8 months of imports 1.8 months of imports 27
217 Sri Lanka1.5 months of imports 1.5 months of imports 24
217 Eritrea1.5 months of imports 1.5 months of imports 24
217 Haiti1.5 months of imports 1.5 months of imports 24
220 Burundi1.2 months of imports 1.2 months of imports 22
220 Cuba1.2 months of imports 1.2 months of imports 22
222 Somalia1 months of imports 1 months of imports 20
222 Korea DPR1 months of imports 1 months of imports 20
224 Yemen0.8 months of imports 0.8 months of imports 18
224 Zimbabwe0.8 months of imports 0.8 months of imports 18
224 Sudan0.8 months of imports 0.8 months of imports 18
224 Argentina0.8 months of imports 0.8 months of imports 18
228 Syria0.5 months of imports 0.5 months of imports 14
228 South Sudan0.5 months of imports 0.5 months of imports 14
228 Venezuela0.5 months of imports 0.5 months of imports 14
231 Lebanon0.3 months of imports 0.3 months of imports 11