Croatia Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Croatia's reserves in months of imports was -2.2 in 2025, ranked 159th globally. This represents a 411.0% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Croatia's reserves in months of imports stood at -2.2 in 2025, a decline of +2.9 from 2024. Based on recent trends, this figure is projected to reach -2.2 by 2025. Croatia ranked 159th globally.
Croatia’s reserves in months of imports have deteriorated sharply, falling to –2.20 in 2025, the lowest level among 159 economies and a stark contrast to the 9.19 months recorded at the 2020 peak. The indicator, which measures how many months of import costs could be covered by foreign exchange reserves, moved from a modest 1.23 in 1993 to a negative position for the first time in the series, signalling that current reserves are insufficient even to meet a single month of import demand. By comparison, peer economies with similar rankings such as Bolivia (–0.59) and South Sudan (–0.26) also exhibit negative reserves, though Croatia’s deficit is deeper. The rapid reversal from a comfortable buffer in 2020 to a severe shortfall within five years reflects a combination of external debt pressures, currency depreciation and reduced export earnings. Unless fiscal consolidation and export diversification are pursued, the negative trajectory is likely to persist, keeping reserves below the breakeven threshold.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -7.1 | - | - |
| 2026* trend | -4.7 | - | - |
| 2025* trend | -2.2 | - | - |
| 2025 | -2.2 | −2.9 | #159 |
| 2024 | 0.7 | −0.0 | #120 |
| 2023 | 0.7 | −6.2 | #146 |
| 2022 | 7.0 | −1.4 | #29 |
| 2021 | 8.4 | −0.8 | #32 |
| 2020 | 9.2 | +2.1 | #38 |
| 2019 | 7.1 | +0.2 | #37 |
| 2018 | 6.9 | −0.6 | #34 |
| 2017 | 7.5 | +1.1 | #36 |
| 2016 | 6.4 | −0.9 | #45 |
| 2015 | 7.3 | +0.6 | #31 |
| 2014 | 6.7 | −1.1 | #27 |
| 2013 | 7.9 | +1.1 | #25 |
| 2012 | 6.7 | +0.7 | #31 |
| 2011 | 6.0 | −0.5 | #37 |
Detected Pattern
Analysis
Croatia matched the Export Boom Cycle pattern in 2021. 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
Croatia's reserves in months of imports was -2.2 in 2025. Ranked 159th globally. This represents a 411.0% decrease from the previous year.
Croatia's reserves in months of imports peaked at 9.2 in 2020.
The lowest reserves in months of imports in Croatia was -2.2 in 2025.
Croatia ranks 159th 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.
Croatia's reserves in months of imports is projected to reach -2.2 by 2025 based on trend extrapolation.
The reserves in months of imports of Croatia in 2025 was -2.2. This ranks 159th in the world.
Cite this page
@misc{historysaid_croatia_reserves-months-imports,
title = {Croatia Reserves in Months of Imports},
url = {https://historysaid.com/croatia/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}