Total reserves in months of imports in Republic of Korea
Republic of Korea: Total reserves in months of imports was 6.25 ratio in 2024. ▬ Flat
Latest (2024)
6.25 ratio
Change on year
down 0.8%
World rank
41st
of 172 countries
All-time high
9.4 ratio
in 2020
All-time low
4.46 ratio
in 2008
Years of data
25
2000–2024
Total reserves in months of imports in Republic of Korea, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in ratio.
Analysis
The most recent figure for total reserves in months of imports in Republic of Korea is 6.25 ratio, measured in 2024.
The figure is down 0.8% on the previous year and down 4.4% over ten years.
Over the whole period, total reserves in months of imports in Republic of Korea peaked at 9.4 ratio in 2020 and was at its lowest, 4.46 ratio, in 2008.
Republic of Korea ranks 41st of 172 countries on this measure, in the top quarter.
Total reserves in months of imports in Republic of Korea, year by year
| Year | ratio | Change |
|---|---|---|
| 2000 | 5.81 ratio | — |
| 2001 | 6.82 ratio | +17.4% |
| 2002 | 7.55 ratio | +10.7% |
| 2003 | 8.33 ratio | +10.3% |
| 2004 | 8.54 ratio | +2.5% |
| 2005 | 7.61 ratio | -10.9% |
| 2006 | 7.28 ratio | -4.3% |
| 2007 | 6.86 ratio | -5.8% |
| 2008 | 4.46 ratio | -35.0% |
| 2009 | 7.8 ratio | +74.9% |
| 2010 | 6.55 ratio | -16.0% |
| 2011 | 5.39 ratio | -17.7% |
| 2012 | 5.77 ratio | +7.1% |
| 2013 | 6.2 ratio | +7.5% |
| 2014 | 6.54 ratio | +5.5% |
| 2015 | 7.92 ratio | +21.1% |
| 2016 | 8.39 ratio | +5.9% |
| 2017 | 7.56 ratio | -9.9% |
| 2018 | 7.12 ratio | -5.8% |
| 2019 | 7.71 ratio | +8.3% |
| 2020 | 9.4 ratio | +21.9% |
| 2021 | 7.57 ratio | -19.5% |
| 2022 | 5.94 ratio | -21.5% |
| 2023 | 6.3 ratio | +6.1% |
| 2024 | 6.25 ratio | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.11 ratio | 4.46 ratio | 8.54 ratio | 10 |
| 2010s | 6.92 ratio | 5.39 ratio | 8.39 ratio | 10 |
| 2020s | 7.09 ratio | 5.94 ratio | 9.4 ratio | 5 |
Countries ranked near Republic of Korea
- 38 Suriname 6.51 ratio compare
- 39 Bosnia and Herzegovina 6.49 ratio compare
- 40 Tajikistan 6.39 ratio compare
- 42 Serbia 6.17 ratio compare
- 43 Albania 6.04 ratio compare
- 44 Cape Verde 5.99 ratio compare
- 44 Paraguay 5.99 ratio compare
More economy & growth data for Republic of Korea
- Imports of goods and services (constant 2015 US$), annual growth rate 3.84 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3902 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 14,137 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 26.56 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 32.05 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 4.59 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 20.83 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 754,550 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 1.45 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0147 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is total reserves in months of imports in Republic of Korea?
- Total reserves in months of imports in Republic of Korea was 6.25 ratio in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest total reserves in months of imports recorded in Republic of Korea?
- The highest recorded value was 9.4 ratio in 2020.
- What is the lowest total reserves in months of imports recorded in Republic of Korea?
- The lowest recorded value was 4.46 ratio in 2008.
- How does Republic of Korea rank for total reserves in months of imports?
- Republic of Korea ranks 41st out of 172 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Republic of Korea?
- Over the last ten years it is down 4.4%. The long-run trend across the full record is flat.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Total reserves in months of imports (ratio).