Liquid liabilities, percent of GDP - Country rankings

* indicates monthly or quarterly data series

Liquid liabilities, percent of GDP, 2021:

The average for 2021 based on 134 countries was 82.43 percent. The highest value was in Luxembourg: 728.51 percent and the lowest value was in Tajikistan: 8.96 percent. The indicator is available from 1960 to 2021. Below is a chart for all countries where data are available.

Measure: percent; Source: The International Monetary Fund
Select indicator
* indicates monthly or quarterly data series


Countries Liquid liabilities, percent of GDP, 2021 Global rank Available data
Luxembourg 728.51 1 1960 - 2021
Hong Kong 438.75 2 1991 - 2021
Japan 287.85 3 1960 - 2021
Macao 286.92 4 1984 - 2021
South Korea 174.4 5 1960 - 2021
Malta 169.13 6 1970 - 2021
Mauritius 164.65 7 1963 - 2021
UK 163.29 8 1960 - 2021
Vietnam 147.64 9 1992 - 2021
Cambodia 143.83 10 1993 - 2021
Spain 137.16 11 1960 - 2021
Belgium 135.41 12 1960 - 2021
Australia 133.46 13 1960 - 2021
Malaysia 133.28 14 1960 - 2021
Portugal 133.04 15 1960 - 2021
France 128.31 16 1960 - 2021
Morocco 124.7 17 1960 - 2021
Netherlands 124.12 18 1960 - 2021
Nepal 122.78 19 1960 - 2021
Greece 122.32 20 1960 - 2021
Seychelles 119.22 21 1971 - 2021
Italy 119.02 22 1960 - 2021
Jordan 118.26 23 1962 - 2021
Cape Verde 117.96 24 1980 - 2021
New Zealand 111.78 25 1960 - 2021
Austria 111.69 26 1960 - 2021
Belize 110.95 27 1976 - 2021
Germany 110.95 28 1970 - 2021
Israel 109.89 29 1960 - 2021
Ireland 107.72 30 1960 - 2021
Bolivia 102.11 31 1960 - 2021
Ant.& Barb. 101.05 32 1975 - 2021
Brazil 98.9 33 1960 - 2021
Dominica 96.02 34 1977 - 2021
Estonia 96.01 35 2004 - 2021
Vanuatu 95.93 36 1979 - 2021
Grenada 95.22 37 1977 - 2021
Bulgaria 94.75 38 1991 - 2021
Qatar 93.09 39 1970 - 2021
Egypt 91.83 40 1960 - 2021
Czechia 91.67 41 1993 - 2021
Finland 89.11 42 1960 - 2021
Sweden 88.67 43 1960 - 2021
Croatia 85.99 44 1995 - 2021
Palestine 85.8 45 1998 - 2021
India 84.95 46 1960 - 2021
Suriname 83.89 47 1967 - 2021
Tr.&Tobago 83.2 48 1960 - 2021
Lithuania 82.55 49 2010 - 2021
Algeria 81.37 50 1964 - 2021
Fiji 80.88 51 1961 - 2021
Slovakia 80.14 52 2006 - 2021
Djibouti 79.85 53 1985 - 2021
Slovenia 79.36 54 1995 - 2021
Jamaica 77.57 55 1960 - 2021
St. Vincent & ... 77.15 56 1975 - 2021
Poland 75.7 57 1990 - 2021
Saint Lucia 75.26 58 1980 - 2021
Albania 74.46 59 1994 - 2021
Latvia 73.87 60 2010 - 2021
Iceland 72.46 61 1960 - 2021
Hungary 71.98 62 1991 - 2021
Philippines 70.42 63 1960 - 2021
South Africa 69.94 64 1965 - 2021
Tunisia 69.78 65 1965 - 2021
Norway 68.28 66 1960 - 2021
Turkey 66.24 67 1960 - 2021
Bosnia & Herz. 65.66 68 1997 - 2021
North Macedonia 64.86 69 1993 - 2021
Mongolia 64.77 70 1991 - 2021
Maldives 64.05 71 1980 - 2021
Russia 64.04 72 2001 - 2021
Denmark 62.8 73 1966 - 2021
Namibia 61.73 74 1990 - 2021
Honduras 60.51 75 1960 - 2021
Chile 60.32 76 1961 - 2021
Serbia 60.27 77 1997 - 2021
Uruguay 60.16 78 1960 - 2021
Montenegro 58.48 79 2002 - 2021
Bangladesh 56.59 80 1974 - 2021
El Salvador 56.48 81 1965 - 2021
Mozambique 56.47 82 1988 - 2021
Gambia 56.22 83 1966 - 2021
Peru 55.67 84 1960 - 2021
Colombia 55.21 85 1960 - 2021
Paraguay 53.78 86 1960 - 2021
Samoa 51.93 87 1982 - 2021
Ecuador 51.41 88 1960 - 2021
Libya 50.15 89 1963 - 2021
Burkina Faso 48.96 90 1962 - 2021
Botswana 48.27 91 1976 - 2021
Guatemala 48.13 92 1960 - 2021
Senegal 47.76 93 1962 - 2021
Romania 47.75 94 1981 - 2021
Togo 47.56 95 1962 - 2021
G.-Bissau 47.29 96 1986 - 2021
Kyrgyzstan 46.99 97 1995 - 2021
Iraq 46.36 98 1960 - 2021
Georgia 46.33 99 1995 - 2021
Pakistan 44.53 100 1960 - 2021
Armenia 42.46 101 1992 - 2021
Costa Rica 42.14 102 1960 - 2021
Mali 40.41 103 1967 - 2021
Lesotho 39.95 104 1980 - 2021
Ivory Coast 39.9 105 1962 - 2021
Indonesia 39.35 106 1969 - 2021
Kenya 38.76 107 1966 - 2021
Ukraine 37.94 108 1992 - 2021
Moldova 36 109 1995 - 2021
Mexico 34.93 110 1960 - 2021
Guyana 34.38 111 1960 - 2021
Benin 32.44 112 1962 - 2021
Haiti 31.44 113 1960 - 2021
Nicaragua 31.41 114 1963 - 2021
Sierra Leone 31.22 115 1960 - 2021
Ghana 29.58 116 1960 - 2021
Kazakhstan 29.55 117 1993 - 2021
Swaziland 29.11 118 1974 - 2021
Domin. Rep. 28.94 119 1960 - 2021
Azerbaijan 28.05 120 1992 - 2021
Madagascar 27.61 121 1962 - 2021
Solomon Isl. 27.31 122 1978 - 2021
Rwanda 27.22 123 1964 - 2021
Belarus 26.85 124 2007 - 2021
Guinea 26.14 125 1991 - 2021
Zambia 25.36 126 2009 - 2021
Nigeria 24.89 127 1960 - 2021
Sudan 24.63 128 1960 - 2021
Angola 22.27 129 1995 - 2021
Niger 19.9 130 1962 - 2021
Uzbekistan 19.08 131 2013 - 2021
Uganda 17.71 132 1966 - 2021
Zimbabwe 16.13 133 1979 - 2021
Tajikistan 8.96 134 1998 - 2021



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.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

1. Luxembourg
2. Hong Kong
3. Japan
4. Macao
5. South Korea
6. Malta
7. Mauritius
8. UK
9. Vietnam
10. Cambodia
11. Spain
12. Belgium
13. Australia
14. Malaysia
15. Portugal
16. France
17. Morocco
18. Netherlands
19. Nepal
20. Greece
21. Seychelles
22. Italy
23. Jordan
24. Cape Verde
25. New Zealand
26. Austria
27. Belize
28. Germany
29. Israel
30. Ireland
31. Bolivia
32. Ant.& Barb.
33. Brazil
34. Dominica
35. Estonia
36. Vanuatu
37. Grenada
38. Bulgaria
39. Qatar
40. Egypt
41. Czechia
42. Finland
43. Sweden
44. Croatia
45. Palestine
46. India
47. Suriname
48. Tr.&Tobago
49. Lithuania
50. Algeria
51. Fiji
52. Slovakia
53. Djibouti
54. Slovenia
55. Jamaica
56. St. Vincent & ...
57. Poland
58. Saint Lucia
59. Albania
60. Latvia
61. Iceland
62. Hungary
63. Philippines
64. South Africa
65. Tunisia
66. Norway
67. Turkey
68. Bosnia & Herz.
69. North Macedonia
70. Mongolia
71. Maldives
72. Russia
73. Denmark
74. Namibia
75. Honduras
76. Chile
77. Serbia
78. Uruguay
79. Montenegro
80. Bangladesh
81. El Salvador
82. Mozambique
83. Gambia
84. Peru
85. Colombia
86. Paraguay
87. Samoa
88. Ecuador
89. Libya
90. Burkina Faso
91. Botswana
92. Guatemala
93. Senegal
94. Romania
95. Togo
96. G.-Bissau
97. Kyrgyzstan
98. Iraq
99. Georgia
100. Pakistan
101. Armenia
102. Costa Rica
103. Mali
104. Lesotho
105. Ivory Coast
106. Indonesia
107. Kenya
108. Ukraine
109. Moldova
110. Mexico
111. Guyana
112. Benin
113. Haiti
114. Nicaragua
115. Sierra Leone
116. Ghana
117. Kazakhstan
118. Swaziland
119. Domin. Rep.
120. Azerbaijan
121. Madagascar
122. Solomon Isl.
123. Rwanda
124. Belarus
125. Guinea
126. Zambia
127. Nigeria
128. Sudan
129. Angola
130. Niger
131. Uzbekistan
132. Uganda
133. Zimbabwe
134. Tajikistan
728.51
438.75
287.85
286.92
174.40
169.13
164.65
163.29
147.64
143.83
137.16
135.41
133.46
133.28
133.04
128.31
124.70
124.12
122.78
122.32
119.22
119.02
118.26
117.96
111.78
111.69
110.95
110.95
109.89
107.72
102.11
101.05
98.90
96.02
96.01
95.93
95.22
94.75
93.09
91.83
91.67
89.11
88.67
85.99
85.80
84.95
83.89
83.20
82.55
81.37
80.88
80.14
79.85
79.36
77.57
77.15
75.70
75.26
74.46
73.87
72.46
71.98
70.42
69.94
69.78
68.28
66.24
65.66
64.86
64.77
64.05
64.04
62.80
61.73
60.51
60.32
60.27
60.16
58.48
56.59
56.48
56.47
56.22
55.67
55.21
53.78
51.93
51.41
50.15
48.96
48.27
48.13
47.76
47.75
47.56
47.29
46.99
46.36
46.33
44.53
42.46
42.14
40.41
39.95
39.90
39.35
38.76
37.94
36.00
34.93
34.38
32.44
31.44
31.41
31.22
29.58
29.55
29.11
28.94
28.05
27.61
27.31
27.22
26.85
26.14
25.36
24.89
24.63
22.27
19.90
19.08
17.71
16.13
8.96
0
182.1
364.3
546.4
728.51


This site uses cookies.
Learn more here


OK