Bulgaria Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Bulgaria's reserves in months of imports was 6.3 in 2025, ranked 27th globally. This represents a 15.2% decrease from 2024. Data from World Bank, covering 1991–2025.
Overview
Bulgaria's reserves in months of imports stood at 6.3 in 2025, a decline of +1.1 from 2024. Based on recent trends, this figure is projected to reach 6.3 by 2025. Bulgaria ranked 27th globally.
Bulgaria’s international reserves cover 6.35 months of imports in 2025, placing the country at rank 27 globally and slightly below peers such as Qatar (6.38 months) and Cambodia (6.34 months). The indicator has risen markedly from an early‑1990s low of 1.85 months, fell to an all‑time trough of 1.59 months in 1996, and then expanded to a peak of 10.63 months during the 2020 pandemic‑induced shock when many economies hoarded foreign currency. Over the 35‑year span, the upward trajectory reflects a combination of improved current‑account balances, fiscal consolidation and a gradual shift toward a more diversified export base. Nevertheless, the post‑peak decline to 6.35 months suggests that the extraordinary buffer built in 2020 is being drawn down as external debt service and import demand increase. Continued fiscal prudence, higher export growth and stable capital inflows will be needed to sustain or further raise the reserve coverage in the coming years.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 5.0 | - | - |
| 2026* trend | 5.7 | - | - |
| 2025* trend | 6.3 | - | - |
| 2025 | 6.3 | −1.1 | #27 |
| 2024 | 7.5 | −0.6 | #19 |
| 2023 | 8.1 | +1.0 | #20 |
| 2022 | 7.0 | −1.2 | #25 |
| 2021 | 8.3 | −2.4 | #33 |
| 2020 | 10.6 | +3.4 | #28 |
| 2019 | 7.2 | −0.2 | #36 |
| 2018 | 7.4 | −0.8 | #26 |
| 2017 | 8.2 | −0.2 | #27 |
| 2016 | 8.5 | +0.9 | #27 |
| 2015 | 7.5 | +1.4 | #29 |
| 2014 | 6.1 | +0.1 | #36 |
| 2013 | 6.0 | −0.7 | #43 |
| 2012 | 6.7 | +1.1 | #32 |
| 2011 | 5.6 | −1.5 | #41 |
Detected Pattern
Analysis
Bulgaria matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw reserves in months of imports improve within 24 months. View full analysis →
Frequently Asked Questions
Bulgaria's reserves in months of imports was 6.3 in 2025. Ranked 27th globally. This represents a 15.2% decrease from the previous year.
Bulgaria's reserves in months of imports peaked at 10.6 in 2020.
The lowest reserves in months of imports in Bulgaria was 1.6 in 1996.
Bulgaria ranks 27th 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.
Bulgaria's reserves in months of imports is projected to reach 6.3 by 2025 based on trend extrapolation.
The reserves in months of imports of Bulgaria in 2025 was 6.3. This ranks 27th in the world.
Cite this page
@misc{historysaid_bulgaria_reserves-months-imports,
title = {Bulgaria Reserves in Months of Imports},
url = {https://historysaid.com/bulgaria/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}