Foreign exchange reserves, including gold in terms of months of imports rose 362% to 5.59 months in Panama in 2020, according to the National Statistical Office.
Historically, foreign exchange reserves, including gold in terms of months of imports in Panama reached an all time high of 5.59 months in 2020 and an all time low of 0.124 months in 1982. When compared to Panama's main peers, foreign exchange reserves, including gold in terms of months of imports in Colombia amounted to 11.5 months, 4.03 months in Costa Rica, 8.35 months in Honduras and 5.67 months in Nicaragua in 2020.
Panama has been ranked 72nd within the group of 141 countries we follow in terms of foreign exchange reserves, including gold in terms of months of imports, 72 places above the position seen 10 years ago.
| Foreign Exchange Reserves, Including Gold (Months of Imports) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Belize | months | 4.08 | 3.62 | 2.96 | 2.70 | 2.42 | ||||||||||||||||
| Brazil | months | 15.1 | 17.0 | 15.0 | 13.2 | 12.2 | ||||||||||||||||
| Colombia | months | 7.29 | 8.33 | 7.89 | 7.02 | 7.69 | ||||||||||||||||
| Costa Rica | months | 4.74 | 4.37 | 3.80 | 3.68 | 4.34 | ||||||||||||||||
| El Salvador | months | 2.75 | 3.21 | 3.32 | 3.06 | 3.80 | ||||||||||||||||
| Guatemala | months | 4.49 | 5.39 | 6.41 | 6.40 | 7.41 | ||||||||||||||||
| Honduras | months | 3.82 | 3.98 | 4.56 | 4.05 | 4.93 | ... | |||||||||||||||
| Mexico | months | 4.57 | 4.67 | 4.23 | 3.84 | 4.02 | ||||||||||||||||
| Nicaragua | months | 3.77 | 3.69 | 3.97 | 3.62 | 4.22 | ||||||||||||||||
| Panama | months | 1.24 | 1.47 | 0.985 | 0.715 | 1.21 | ... | |||||||||||||||
| Peru | months | 13.6 | 13.8 | 12.7 | 11.1 | 12.7 | ... | |||||||||||||||
| USA | months | 1.35 | 1.44 | 1.49 | 1.36 | 1.55 | ||||||||||||||||
| Venezuela | months | 3.37 | 3.65 | ... | ... | ... | ... | ... |
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