Norway Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Norway's reserves in months of imports was 3.7 in 2025, ranked 79th globally. This represents a 19.3% decrease from 2024. Data from World Bank, covering 1975–2025.
Overview
Norway's reserves in months of imports stood at 3.7 in 2025, a decline of +0.9 from 2024. Based on recent trends, this figure is projected to reach 3.7 by 2025. Norway ranked 79th globally.
Norway’s international reserves, measured as months of imports, have risen from a low of 1.48 in 1977 to an all‑time peak of 6.60 in 1985, before settling at 3.69 in 2025, which places the country at 79th in the world ranking. Over the 51‑year series, the reserve level has more than doubled, reflecting a gradual accumulation of foreign‑exchange buffers that cushion the economy against external shocks and support the sovereign wealth fund’s diversification. The 2025 figure is slightly higher than that of Malaysia (3.79) and Morocco (3.80) but lower than Egypt’s 3.57, indicating that Norway remains near the middle of its peer group in terms of import coverage. The post‑peak decline suggests that the country has reallocated a portion of its reserves to domestic investment and fiscal consolidation, while still maintaining a comfortable cushion above the 2‑month threshold often cited as a minimum safety net. Continued modest growth in export earnings and prudent fiscal policy are likely to keep the reserves on an upward trajectory, barring major external disruptions.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 2.8 | - | - |
| 2026* trend | 3.2 | - | - |
| 2025* trend | 3.7 | - | - |
| 2025 | 3.7 | −0.9 | #79 |
| 2024 | 4.6 | −0.1 | #59 |
| 2023 | 4.7 | +0.5 | #67 |
| 2022 | 4.2 | −1.4 | #77 |
| 2021 | 5.6 | −0.9 | #67 |
| 2020 | 6.5 | +1.8 | #68 |
| 2019 | 4.7 | +0.3 | #72 |
| 2018 | 4.4 | −0.6 | #73 |
| 2017 | 5.0 | +0.1 | #65 |
| 2016 | 4.9 | +0.3 | #74 |
| 2015 | 4.6 | +0.3 | #67 |
| 2014 | 4.3 | +0.5 | #72 |
| 2013 | 3.8 | +0.3 | #87 |
| 2012 | 3.5 | +0.1 | #99 |
| 2011 | 3.4 | −0.8 | #93 |
Detected Pattern
Analysis
Norway 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
Norway's reserves in months of imports was 3.7 in 2025. Ranked 79th globally. This represents a 19.3% decrease from the previous year.
Norway's reserves in months of imports peaked at 6.6 in 1985.
The lowest reserves in months of imports in Norway was 1.5 in 1977.
Norway ranks 79th 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.
Norway's reserves in months of imports is projected to reach 3.7 by 2025 based on trend extrapolation.
The reserves in months of imports of Norway in 2025 was 3.7. This ranks 79th in the world.
Cite this page
@misc{historysaid_norway_reserves-months-imports,
title = {Norway Reserves in Months of Imports},
url = {https://historysaid.com/norway/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}