Korea - Total reserves in months of imports

Total reserves in months of imports

The value for Total reserves in months of imports in Korea was 7.65 as of 2021. As the graph below shows, over the past 45 years this indicator reached a maximum value of 9.40 in 2020 and a minimum value of 0.96 in 1983.

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
1976 2.36
1977 2.70
1978 1.81
1979 1.55
1980 1.33
1981 1.05
1982 1.14
1983 0.96
1984 1.04
1985 1.16
1986 1.11
1987 0.97
1988 2.65
1989 2.74
1990 2.32
1991 1.84
1992 2.26
1993 2.53
1994 2.62
1995 2.49
1996 2.31
1997 1.40
1998 5.15
1999 6.02
2000 5.81
2001 6.82
2002 7.55
2003 8.33
2004 8.54
2005 7.61
2006 7.28
2007 6.86
2008 4.46
2009 7.80
2010 6.55
2011 5.39
2012 5.77
2013 6.20
2014 6.54
2015 7.92
2016 8.39
2017 7.56
2018 7.12
2019 7.71
2020 9.40
2021 7.65

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments