Money supply (broad money) by country: the latest data

* indicates monthly or quarterly data series
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* indicates monthly or quarterly data series
The money supply is the total amount of currency and other liquid instruments circulating in the economy. The indicator represents the broad money that include currency outside banks; demand, time, saving, and foreign currency deposits of resident sectors other than the central government; bank and traveler's checks; and other securities such as certificates of deposit and commercial paper.

Countries Latest value Reference Change three months Change twelve months
Afghanistan 546.48 Q3 / 2020 1.03% 12.24%
Albania 936.18 Sep / 2023 -0.07% 2.30%
Algeria 22174.20 Sep / 2022 3.29% 14.45%
Angola 14687.67 Sep / 2023 5.63% 38.17%
Antigua and Barbuda 3.72 Dec / 2019 0.83% 0.81%
Argentina 40675.84 Sep / 2023 25.98% 112.96%
Armenia 3154.52 Sep / 2023 4.74% 22.95%
Aruba 5.73 Jun / 2023 0.90% 5.87%
Australia 2917.94 Sep / 2023 1.61% 5.00%
Austria 422.74 Sep / 2023 -0.80% -2.66%
Azerbaijan 33.18 Sep / 2023 5.66% 19.79%
Bahamas 8.06 Sep / 2023 0.15% 3.24%
Bahrain 14.38 Sep / 2023 -0.54% 2.33%
Bangladesh 18772.46 Sep / 2023 -0.53% 8.96%
Barbados 14.02 Aug / 2023 -1.85% 3.32%
Belarus 22.03 Jan / 2022 5.61% 15.82%
Belgium 620.00 Sep / 2023 -4.41% -5.75%
Belize 4.36 Jun / 2023 0.18% 6.77%
Benin 3589.20 Jun / 2023 1.89% 9.98%
Bhutan 209.11 Sep / 2023 -3.50% 5.22%
Bolivia 134.92 Jul / 2023 4.68% 7.03%
Bosnia and Herzegovina 35.13 Sep / 2023 3.15% 7.37%
Botswana 101.73 Oct / 2022 1.61% 9.96%
Brazil 5656.83 Sep / 2023 4.29% 16.39%
Brunei 10.34 Jun / 2023 1.45% 1.46%
Bulgaria 149.34 Sep / 2023 2.46% 8.72%
Burkina Faso 5744.90 Jun / 2023 6.81% 1.93%
Burma (Myanmar) 80007.96 Q3 / 2022 1.59% -0.66%
Burundi 4381.07 Jul / 2023 -1.19% 16.30%
Cambodia 182492.80 Jun / 2023 3.82% 9.20%
Cameroon 7905.15 Jul / 2023 -2.80% 6.45%
Canada 2449.81 Sep / 2023 1.63% 3.21%
Cape Verde 226.93 Sep / 2023 0.93% 5.17%
Central African Republic 498.70 Jul / 2023 2.77% 4.28%
Chad 2093.27 Jul / 2023 0.39% 14.60%
Chile 192086.57 Sep / 2023 -0.69% 4.99%
China 288227.61 Oct / 2023 0.99% 10.31%
Colombia 733592.00 Sep / 2023 1.49% 8.27%
Comoros 210.83 Dec / 2022 4.01% 7.38%
Costa Rica 14468.60 Sep / 2023 2.25% 8.91%
Croatia 66.10 Sep / 2023 6.81% 19.70%
Cyprus 47.28 Oct / 2023 -0.48% -0.10%
Czechia 6359.43 Sep / 2023 1.86% 8.02%
Democratic Republic of the Congo 23720.98 Aug / 2021 9.17% 39.61%
Denmark 1725.27 Sep / 2023 1.52% 2.22%
Dominica 1.55 Dec / 2019 -1.94% -6.34%
Dominican Republic 1808.59 Sep / 2023 1.63% 15.94%
Ecuador 77.98 Oct / 2023 1.85% 7.00%
Egypt 8343.41 Jul / 2023 3.40% 24.36%
El Salvador 18.44 Sep / 2023 0.82% 6.74%
Equatorial Guinea 1331.81 Jul / 2023 12.77% 13.65%
Estonia 26.42 Sep / 2023 0.09% 3.05%
Ethiopia 2056.47 Q1 / 2023 5.64% 30.12%
Euro area 15133.56 Jun / 2023 -0.26% -0.25%
Fiji 9.79 Jun / 2023 5.17% 8.84%
Finland 179.77 Sep / 2023 -3.01% -9.40%
France 2731.36 Sep / 2023 0.50% -0.61%
Gabon 3337.68 Jul / 2023 5.38% 24.25%
Gambia 66.93 Jun / 2023 -0.10% 3.72%
Georgia 23.36 Sep / 2023 8.10% 34.16%
Germany 3753.43 Sep / 2023 -0.19% -1.51%
Ghana 209.62 Jun / 2023 1.27% 44.41%
Greece 240.24 Sep / 2023 1.75% 1.27%
Grenada 2.44 Dec / 2019 1.99% 2.88%
Guatemala 380.74 Sep / 2023 0.69% 8.86%
Guinea 50433.56 Aug / 2023 -0.52% 13.42%
Guinea-Bissau 526.20 Jun / 2023 6.41% -3.22%
Guyana 792.58 Sep / 2023 6.98% 24.29%
Haiti 245.60 Aug / 2021 2.79% 20.12%
Honduras 492.16 Sep / 2023 2.30% 13.42%
Hong Kong 16785.74 Sep / 2023 1.41% 2.77%
Hungary 39673.63 Sep / 2023 2.47% -5.31%
Iceland 2779.26 Sep / 2023 4.18% 10.44%
India 233623.01 Sep / 2023 -0.26% 10.86%
Indonesia 8440034.10 Sep / 2023 0.80% 5.99%
Iraq 177772.16 Jun / 2023 4.29% 18.51%
Ireland 336.88 Sep / 2023 0.19% -0.91%
Israel 1796.50 Sep / 2023 0.94% 0.57%
Italy 1852.89 Sep / 2023 0.80% -3.25%
Ivory Coast 17031.80 Jun / 2023 1.57% 10.44%
Jamaica 1830.50 Jun / 2023 1.83% 9.72%
Japan 1236182.50 Sep / 2023 -0.25% 2.37%
Jordan 42.34 Sep / 2023 0.85% 2.19%
Kazakhstan 29720.80 Sep / 2023 1.52% 15.08%
Kenya 3669.42 May / 2023 1.77% -7.79%
Kuwait 39.06 Sep / 2023 -1.47% 3.82%
Kyrgyzstan 336.57 Jun / 2023 6.43% 21.60%
Laos 232734.00 Sep / 2023 8.26% 31.24%
Latvia 19.71 Sep / 2023 -0.77% 2.73%
Lebanon 99551.90 Aug / 2023 -18.11% 29.83%
Lesotho 13.64 Jun / 2021 -3.28% 9.38%
Liberia 50.37 Jul / 2023 5.50% 21.85%
Libya 122.20 Sep / 2023 -0.81% 15.62%
Lithuania 49.90 Sep / 2023 0.42% 4.63%
Luxembourg 369.00 Sep / 2023 0.33% -9.45%
Macao 727.28 Sep / 2023 1.40% 6.99%
North Macedonia 278.87 Sep / 2023 -0.85% 7.83%
Madagascar 16441.79 Jun / 2023 5.10% 8.40%
Malawi 3314.00 Aug / 2023 11.19% 34.21%
Malaysia 2319.73 Sep / 2023 0.58% 2.88%
Maldives 56.56 Sep / 2023 -1.50% 9.36%
Mali 4783.10 Jun / 2023 2.53% 4.38%
Malta 26.41 Sep / 2023 -1.40% 1.36%
Mauritania 1164.20 Sep / 2022 0.77% 7.22%
Mauritius 835.13 Sep / 2023 1.13% 6.79%
Mexico 12989.51 Sep / 2023 1.89% 9.28%
Moldova 102.58 Oct / 2023 -0.57% 21.66%
Mongolia 33204.50 Sep / 2023 5.58% 20.91%
Montserrat 0.26 Dec / 2019 2.18% 0.41%
Morocco 1430.69 Sep / 2023 -0.03% 8.73%
Mozambique 581.89 Jul / 2021 5.96% 13.58%
Namibia 138.46 Sep / 2023 1.74% 7.93%
Nepal 6100.64 Sep / 2023 2.79% 12.01%
Netherlands 1041.46 Sep / 2023 -1.10% -3.01%
New Caledonia 581.24 Q4 / 2021 3.18% 6.56%
New Zealand 404.88 Sep / 2023 1.44% 3.31%
Nicaragua 66.14 Aug / 2023 -1.09% 24.40%
Niger 1897.70 Jun / 2023 3.52% 9.64%
Nigeria 66415.07 Sep / 2023 3.20% 34.63%
Norway 3105.16 Sep / 2023 1.63% -1.51%
Oman 21.68 Sep / 2023 1.56% 4.54%
Pakistan 31524.13 Sep / 2023 -0.02% 12.85%
Paraguay 71067.32 Sep / 2023 2.08% 10.47%
Peru 313.46 Sep / 2023 1.84% 0.57%
Philippines 16112.63 Sep / 2023 1.33% 8.17%
Poland 2225.68 Sep / 2023 4.01% 8.44%
Portugal 233.70 Dec / 2020 3.68% 11.66%
Qatar 699.18 May / 2023 -0.38% 6.50%
Republic of the Congo 2487.27 Jul / 2023 -3.02% 16.58%
Romania 640.76 Sep / 2023 2.60% 10.14%
Russia 90597.30 Sep / 2023 3.80% 20.64%
Rwanda 3997.81 Sep / 2023 3.16% 21.65%
Saint Lucia 3.34 Dec / 2019 2.27% 3.21%
Saint Vincent and the Grenadines 1.72 Dec / 2019 1.50% 9.91%
Samoa 1.58 Jun / 2023 7.10% 16.44%
Sao Tome and Principe 2505.34 Oct / 2023 -0.84% -10.14%
Saudi Arabia 2349.68 Sep / 2023 1.40% 9.80%
Senegal 9392.50 Jun / 2023 3.52% 11.90%
Serbia 2074.49 Sep / 2023 5.99% 21.52%
Seychelles 15.15 Sep / 2023 1.23% 7.85%
Sierra Leone 22468.96 Apr / 2023 9.73% 41.48%
Singapore 782.26 Sep / 2023 -0.20% 4.21%
Slovakia 82.87 Sep / 2023 0.90% 0.48%
Slovenia 38.62 Sep / 2023 1.57% 6.02%
Solomon Islands 4.91 May / 2023 -1.04% 4.25%
South Africa 4094.93 Sep / 2023 2.24% 6.94%
South Korea 3840186.40 Sep / 2023 0.84% 2.46%
Spain 1511.08 Sep / 2023 -0.17% -2.01%
Sri Lanka 12859.38 Oct / 2023 1.05% 6.75%
Sudan 5058.73 Feb / 2023 7.75% 43.87%
Suriname 81.25 Sep / 2023 0.92% 38.59%
Swaziland 22.04 Sep / 2023 7.95% 1.84%
Sweden 4744.03 Sep / 2023 -1.41% -3.68%
Switzerland 1129.20 Sep / 2023 -0.39% -2.71%
Taiwan 59612.24 Sep / 2023 0.59% 5.90%
Tajikistan 31.83 Aug / 2023 -0.83% -2.71%
Tanzania 33425.20 Sep / 2023 2.55% 13.99%
Thailand 25022.62 Sep / 2023 0.21% 1.80%
Togo 2666.20 Jun / 2023 0.46% 7.66%
Tonga 0.68 Jun / 2022 1.30% 14.13%
Trinidad and Tobago 101.69 Aug / 2023 2.04% 3.78%
Tunisia 105.84 Jul / 2023 1.94% 6.62%
Turkey 12349.28 Sep / 2023 13.98% 64.93%
USA 20699.30 Sep / 2023 -0.33% -3.61%
Uganda 28321.54 Sep / 2023 -0.81% 10.92%
Ukraine 2798.14 Sep / 2023 2.57% 22.96%
United Arab Emirates 1860.30 Aug / 2023 0.27% 14.29%
United Kingdom 3036.94 Sep / 2023 -0.55% -5.82%
Uruguay 505.11 Sep / 2023 2.50% 9.79%
Uzbekistan 205583.02 Aug / 2023 11.54% 18.30%
Vanuatu 115.52 Jul / 2023 2.63% 7.01%
Venezuela 57147.74 Oct / 2023 22.59% 319.87%
Zambia 137.14 Aug / 2023 0.68% 21.18%
Zimbabwe 15711.38 Sep / 2023 10.09% 725.57%

The money supply measure reported below is M2, also known as "broad money". It includes the currency in circulation as well as demand and time deposits. The supply of money is somewhat of an interest in macroeconomic analysis as it relates to the policies of the central bank but we advise caution in drawing false conclusions.

For example, the supply of money also depends on the money multiplier, i.e. on how actively banks initiate credit. The more active they are and the greater the demand for loans, the greater the expansion of money supply for a given central bank policy with respect to bank reserves. Also, while over long periods of time, rapid growth in money supply leads to inflation, the short term effect on prices is not very strong.

The table shows the level of money supply, in billion local currency units, using the latest available data from the national authorities. It also shows the percent change in M2 from three months ago and one year ago.

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