Bhutan Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Bhutan's reserves in months of imports was 2.3 in 2025, ranked 109th globally. This represents a 64.7% decrease from 2024. Data from World Bank, covering 2006–2025.
Overview
Bhutan's reserves in months of imports stood at 2.3 in 2025, a decline of +4.2 from 2024. Based on recent trends, this figure is projected to reach 2.3 by 2025. Bhutan ranked 109th globally.
Bhutan’s reserves in months of imports have fallen dramatically over the past two decades, sliding from a high of 14.55 months in 2009 to just 2.31 months in 2025, the lowest level recorded in the World Bank series and ranking 109th globally. The steep decline from the 2006 figure of 12.47 months reflects a combination of reduced foreign‑exchange buffers and a growing import bill as the country expands its tourism and infrastructure sectors. By contrast, peer economies with similar rankings such as Iceland (2.34 months) and Mozambique (2.26 months) maintain slightly higher coverage, suggesting that Bhutan’s buffer is now among the most vulnerable in the sample. The 2025 trough underscores the risk of external shocks, as a few weeks of import disruption could strain fiscal stability. Strengthening export diversification, attracting stable remittance flows, or building additional foreign‑exchange reserves would be essential to reverse the downward trajectory and improve resilience in the coming years.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -1.4 | - | - |
| 2026* trend | 0.5 | - | - |
| 2025* trend | 2.3 | - | - |
| 2025 | 2.3 | −4.2 | #109 |
| 2024 | 6.6 | +2.5 | #28 |
| 2023 | 4.0 | −1.6 | #82 |
| 2022 | 5.6 | −4.9 | #45 |
| 2021 | 10.5 | −2.1 | #19 |
| 2020 | 12.5 | +2.5 | #20 |
| 2019 | 10.0 | +2.1 | #16 |
| 2018 | 7.9 | −2.0 | #22 |
| 2017 | 9.9 | +0.4 | #18 |
| 2016 | 9.4 | −0.2 | #20 |
| 2015 | 9.6 | −2.2 | #21 |
| 2014 | 11.8 | +2.5 | #10 |
| 2013 | 9.3 | +0.7 | #16 |
| 2012 | 8.6 | +1.9 | #17 |
| 2011 | 6.6 | −5.1 | #31 |
Detected Pattern
Analysis
Bhutan matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw reserves in months of imports improve within 24 months. View full analysis →
Frequently Asked Questions
Bhutan's reserves in months of imports was 2.3 in 2025. Ranked 109th globally. This represents a 64.7% decrease from the previous year.
Bhutan's reserves in months of imports peaked at 14.5 in 2009.
The lowest reserves in months of imports in Bhutan was 2.3 in 2025.
Bhutan ranks 109th globally in reserves in months of imports as of 2025.
The World Bank indicator code is FI.RES.TOTL.MO. Data sourced from World Bank.
Bhutan's reserves in months of imports is projected to reach 2.3 by 2025 based on trend extrapolation.
The reserves in months of imports of Bhutan in 2025 was 2.3. This ranks 109th in the world.
Cite this page
@misc{historysaid_bhutan_reserves-months-imports,
title = {Bhutan Reserves in Months of Imports},
url = {https://historysaid.com/bhutan/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}