Net International Reserves

Net international reserves are gross international reserves minus the short-term external liabilities of the monetary authority, such as foreign currency deposits of commercial banks, swap lines and other immediate obligations to nonresidents. Published by the Inter-American Development Bank (IDB) Latin Macro Watch for Latin America and the Caribbean, they provide a measure of the resources effectively available to a country once these commitments are taken into account. Unlike gross reserves, which show the total stock of assets, net reserves reflect this adjusted availability, and the precise definition may vary by country.

Coverage

The series spans 15 countries in Latin America and the Caribbean at annual, monthly, and quarterly frequency, covering 1990 to 2026. Values are available in millions of USD, as a share of GDP, M2, total exports, total imports or short-term external public debt, in months of total imports, and in a fiscal-year (Q4-Q3) aggregation, each as period averages or end-of-period observations. Available transformations include 3-, 6-, and 12-month moving averages (MA3, MA6, MA12) plus MoM %, QoQ %, and YoY % growth rates.

Sources

Data are compiled from regional central banks and monetary authorities, including the Banco de Mexico (Banxico), Banco de la República de Colombia, Banco Central de Reserva del Perú, and Consejo Monetario Centroamericano, and standardized within Latin Macro Watch for cross-country comparability.

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Format	CSV
Language	en
Country	Argentina Bahamas Trinidad & Tobago Belize Costa Rica Dominican Republic Ecuador Bolivia Brazil Chile Colombia El Salvador Jamaica Mexico Nicaragua Guatemala Guyana Haiti Honduras Panama Uruguay Venezuela Barbados Paraguay Peru Suriname
Data notes	What does Net International Reserves measure? It measures gross international reserves minus the short-term external liabilities of the monetary authority, indicating the resources effectively available to the country once immediate obligations to nonresidents are deducted. How do net reserves differ from gross reserves? Gross reserves show the total stock of reserve assets, while net reserves subtract short-term external liabilities to reflect what is effectively available; the precise definition may vary by country. How many countries and which time period are covered? The indicator covers 15 countries across Latin America and the Caribbean over the period 1990-2026, at annual, monthly, and quarterly frequency. What units and transformations are available? Values come in millions of USD, as a share of GDP, M2, exports, imports or short-term external public debt, in months of imports, and in a fiscal-year aggregation, with MA3, MA6, MA12 moving averages and MoM %, QoQ %, and YoY % growth rates. Where does the data come from? The data are compiled from regional central banks and monetary authorities, including the Banco de Mexico (Banxico), Banco de la República de Colombia, Banco Central de Reserva del Perú, and Consejo Monetario Centroamericano, then standardized within Latin Macro Watch. How do I cite this indicator? Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "Net International Reserves". data.iadb.org/dataset/latin-macro-watch-dataset.