Euro area - Total reserves in months of imports

The value for Total reserves in months of imports in Euro area was 2.70 as of 2020. As the graph below shows, over the past 45 years this indicator reached a maximum value of 6.54 in 1979 and a minimum value of 1.15 in 2008.

Definition: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. This item shows reserves expressed in terms of the number of months of imports of goods and services they could pay for [Reserves/(Imports/12)].

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1975 4.73
1976 4.26
1977 4.56
1978 5.41
1979 6.54
1980 5.89
1981 4.59
1982 5.02
1983 4.95
1984 4.47
1985 4.57
1986 4.54
1987 5.04
1988 4.12
1989 4.16
1990 3.84
1991 3.97
1992 3.07
1993 3.40
1994 3.43
1995 2.79
1996 3.06
1997 3.04
1998 2.54
1999 2.15
2000 1.88
2001 1.77
2002 2.10
2003 1.87
2004 1.55
2005 1.37
2006 1.33
2007 1.33
2008 1.15
2009 1.81
2010 1.98
2011 1.80
2012 2.13
2013 1.69
2014 1.62
2015 1.72
2016 1.84
2017 1.83
2018 1.68
2019 1.97
2020 2.70

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments