North Macedonia Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
North Macedonia's reserves in months of imports was 4.1 in 2025, ranked 73rd globally. This represents a 11.5% decrease from 2024. Data from World Bank, covering 1996–2025.
Overview
North Macedonia's reserves in months of imports stood at 4.1 in 2025, a decline of +0.5 from 2024. Based on recent trends, this figure is projected to reach 4.1 by 2025. North Macedonia ranked 73rd globally.
North Macedonia’s reserves of foreign exchange and gold amount to 4.05 months of imports in 2025, placing the country at rank 73 globally and just below peers such as Kazakhstan (4.06 months) and the Bahamas (4.19 months). The indicator has risen steadily from a trough of 2.02 months in 1996, the earliest year in the 30‑year series, to an all‑time peak of 5.84 months in 2001, before settling at the current level that remains well above the 1990s baseline yet below the early‑2000s high. The upward trajectory reflects gradual improvements in trade balance management and external financing, while the modest decline from the 2001 peak suggests periods of heightened import demand or external shocks. Maintaining or expanding these reserves will depend on continued fiscal discipline, diversified export growth, and stable capital flows; any deterioration in external financing conditions could reverse the recent gains.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 3.8 | - | - |
| 2026* trend | 3.9 | - | - |
| 2025* trend | 4.1 | - | - |
| 2025 | 4.1 | −0.5 | #73 |
| 2024 | 4.6 | +0.2 | #58 |
| 2023 | 4.4 | +0.8 | #76 |
| 2022 | 3.6 | −0.5 | #91 |
| 2021 | 4.1 | −1.2 | #105 |
| 2020 | 5.3 | +1.0 | #92 |
| 2019 | 4.2 | +0.3 | #83 |
| 2018 | 4.0 | −0.0 | #84 |
| 2017 | 4.0 | −0.3 | #89 |
| 2016 | 4.3 | +0.1 | #81 |
| 2015 | 4.2 | −0.3 | #81 |
| 2014 | 4.6 | −0.1 | #63 |
| 2013 | 4.6 | −0.4 | #64 |
| 2012 | 5.0 | +0.7 | #57 |
| 2011 | 4.4 | −0.4 | #61 |
Detected Pattern
Analysis
North Macedonia matched the Export Boom Cycle pattern in 2023. 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
North Macedonia's reserves in months of imports was 4.1 in 2025. Ranked 73rd globally. This represents a 11.5% decrease from the previous year.
North Macedonia's reserves in months of imports peaked at 5.8 in 2001.
The lowest reserves in months of imports in North Macedonia was 2.0 in 1996.
North Macedonia ranks 73rd 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.
North Macedonia's reserves in months of imports is projected to reach 4.1 by 2025 based on trend extrapolation.
The reserves in months of imports of North Macedonia in 2025 was 4.1. This ranks 73rd in the world.
Cite this page
@misc{historysaid_north-macedonia_reserves-months-imports,
title = {North Macedonia Reserves in Months of Imports},
url = {https://historysaid.com/north-macedonia/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}