Argentina: Liquid liabilities, percent of GDP

The latest value from 2017 is 28.48 percent, an increase from 28.36 percent in 2016. In comparison, the world average is 69.46 percent, based on data from 170 countries. Historically, the average for Argentina from 1960 to 2017 is 23.2 percent. The minimum value, 10.62 percent, was reached in 1991 while the maximum of 31.96 percent was recorded in 2000. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.