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 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.

Definition: 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 available value Reference date Change three months Change twelve months
Afghanistan 546.48 Q3 / 2020 1.03% 12.24%
Albania 936.84 Jun / 2023 0.51% 2.42%
Algeria 22174.20 Sep / 2022 3.29% 14.45%
Angola 13643.92 Jun / 2023 22.20% 24.95%
Antigua and Barbuda 3.72 Dec / 2019 0.83% 0.81%
Argentina 32286.45 Jun / 2023 25.12% 98.38%
Armenia 3011.80 Jun / 2023 6.81% 21.04%
Aruba 5.68 Mar / 2023 2.33% 5.01%
Australia 2871.79 Jun / 2023 0.49% 4.08%
Austria 426.32 Jun / 2023 -1.10% 1.09%
Azerbaijan 31.71 Jul / 2023 5.05% 20.74%
Bahamas 8.05 Jun / 2023 0.56% 5.84%
Bahrain 14.46 Jun / 2023 -0.71% 4.74%
Bangladesh 18742.50 Jul / 2023 3.42% 9.74%
Barbados 14.15 Mar / 2023 1.39% 3.07%
Belarus 22.03 Jan / 2022 5.61% 15.82%
Belgium 648.60 Jun / 2023 0.02% -1.10%
Belize 4.36 Jun / 2023 0.18% 6.77%
Benin 3589.20 Jun / 2023 1.89% 9.98%
Bhutan 216.69 Jun / 2023 2.97% 9.83%
Bolivia 133.24 May / 2023 1.82% 5.72%
Bosnia and Herzegovina 34.05 Jun / 2023 2.41% 8.07%
Botswana 101.73 Oct / 2022 1.61% 9.96%
Brazil 5416.54 Jun / 2023 3.81% 17.04%
Brunei 10.34 Jun / 2023 1.45% 1.46%
Bulgaria 145.76 Jun / 2023 0.65% 11.43%
Burkina Faso 5744.90 Jun / 2023 6.81% 1.93%
Burma (Myanmar) 80007.96 Q3 / 2022 1.59% -0.66%
Burundi 4402.26 May / 2023 1.50% 31.62%
Cambodia 180569.40 Apr / 2023 4.60% 9.20%
Cameroon 7985.74 Feb / 2023 3.44% 11.61%
Canada 2410.43 Jun / 2023 -0.78% 2.25%
Cape Verde 224.85 Jun / 2023 0.93% 5.93%
Central African Republic 489.08 Feb / 2023 -1.10% 1.71%
Chad 1984.13 Feb / 2023 9.60% 14.21%
Chile 192948.32 Jun / 2023 1.13% 7.74%
China 285403.16 Jul / 2023 1.62% 10.70%
Colombia 722810.58 Jun / 2023 1.01% 8.45%
Comoros 210.83 Dec / 2022 4.01% 7.38%
Costa Rica 14021.58 Jun / 2023 -0.40% 10.06%
Croatia 61.87 Jun / 2023 1.03% 17.95%
Cyprus 47.51 Jul / 2023 0.59% 2.55%
Czechia 6243.18 Jun / 2023 2.73% 7.61%
Democratic Republic of the Congo 23720.98 Aug / 2021 9.17% 39.61%
Denmark 1699.39 Jun / 2023 -0.47% 4.34%
Dominica 1.55 Dec / 2019 -1.94% -6.34%
Dominican Republic 1776.35 Jun / 2023 5.54% 15.85%
Ecuador 77.66 Aug / 2023 1.47% 7.13%
Egypt 7965.91 Mar / 2023 7.61% 26.84%
El Salvador 18.29 Jun / 2023 0.08% 5.24%
Equatorial Guinea 1178.09 Feb / 2023 -1.42% 5.21%
Estonia 26.40 Jun / 2023 1.05% 3.79%
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 189.26 Jun / 2023 -1.32% -4.37%
France 2716.38 Jun / 2023 -1.40% 1.64%
Gabon 3098.94 Feb / 2023 7.45% 26.29%
Gambia 66.93 Jun / 2023 -0.10% 3.72%
Georgia 21.65 Jun / 2023 9.26% 31.18%
Germany 3759.53 Jun / 2023 0.08% 0.88%
Ghana 209.62 Jun / 2023 1.27% 44.41%
Greece 236.12 Jun / 2023 1.22% 1.08%
Grenada 2.44 Dec / 2019 1.99% 2.88%
Guatemala 377.28 Jun / 2023 2.16% 10.40%
Guinea 40141.65 Sep / 2021 0.82% 10.27%
Guinea-Bissau 526.20 Jun / 2023 6.41% -3.22%
Guyana 741.94 Jun / 2023 5.43% 20.43%
Haiti 245.60 Aug / 2021 2.79% 20.12%
Honduras 481.15 Jun / 2023 2.37% 15.39%
Hong Kong 16552.57 Jun / 2023 -0.40% 1.53%
Hungary 38717.19 Jun / 2023 -4.19% -3.99%
Iceland 2667.82 Jun / 2023 2.68% 8.89%
India 234233.60 Jun / 2023 4.88% 13.36%
Indonesia 8372606.83 Jun / 2023 0.96% 6.11%
Iraq 177772.16 Jun / 2023 4.29% 18.51%
Ireland 336.24 Jun / 2023 1.22% 2.07%
Israel 1783.18 Jun / 2023 -0.32% 0.99%
Italy 1838.23 Jun / 2023 -1.17% -4.11%
Ivory Coast 17031.80 Jun / 2023 1.57% 10.44%
Jamaica 1830.50 Jun / 2023 1.83% 9.72%
Japan 1238990.00 Jun / 2023 2.11% 2.58%
Jordan 41.99 Jun / 2023 0.67% 2.64%
Kazakhstan 29274.46 Jun / 2023 4.14% 21.23%
Kenya 3669.42 May / 2023 1.77% -7.79%
Kuwait 39.68 Jun / 2023 0.45% 4.42%
Kyrgyzstan 336.57 Jun / 2023 6.43% 21.60%
Laos 214979.59 Jun / 2023 8.43% 27.46%
Latvia 19.86 Jun / 2023 -1.20% 3.86%
Lebanon 121569.10 May / 2023 2.24% 52.35%
Lesotho 13.64 Jun / 2021 -3.28% 9.38%
Liberia 47.74 Apr / 2023 2.15% 20.16%
Libya 114.11 Mar / 2023 3.42% 9.66%
Lithuania 49.69 Jun / 2023 -1.34% 9.33%
Luxembourg 367.80 Jun / 2023 -4.29% -9.27%
Macao 717.22 Jun / 2023 -1.24% 5.46%
North Macedonia 281.25 Jun / 2023 5.73% 13.40%
Madagascar 15644.50 Mar / 2023 -2.48% 8.07%
Malawi 3225.70 Jun / 2023 18.54% 35.97%
Malaysia 2306.32 Jun / 2023 0.62% 3.64%
Maldives 57.42 Jun / 2023 -2.11% -0.55%
Mali 4783.10 Jun / 2023 2.53% 4.38%
Malta 26.79 Jun / 2023 1.43% 4.09%
Mauritania 1164.20 Sep / 2022 0.77% 7.22%
Mauritius 825.80 Jun / 2023 0.47% 5.39%
Mexico 12736.68 Jun / 2023 2.49% 9.41%
Moldova 101.54 Aug / 2023 0.44% 25.09%
Mongolia 31438.50 Jun / 2023 1.63% 13.85%
Montserrat 0.26 Dec / 2019 2.18% 0.41%
Morocco 1430.31 Jun / 2023 2.62% 10.20%
Mozambique 581.89 Jul / 2021 5.96% 13.58%
Namibia 136.09 Jun / 2023 3.66% 5.99%
Nepal 5885.30 May / 2023 2.11% 10.00%
Netherlands 1053.02 Jun / 2023 0.47% 1.15%
New Caledonia 581.24 Q4 / 2021 3.18% 6.56%
New Zealand 399.13 Jun / 2023 0.86% 2.59%
Nicaragua 65.62 Mar / 2023 3.87% 17.09%
Niger 1897.70 Jun / 2023 3.52% 9.64%
Nigeria 64358.22 Jun / 2023 18.77% 31.62%
Norway 3055.41 Jun / 2023 -3.28% -1.95%
Oman 21.35 Jun / 2023 1.41% 2.81%
Pakistan 31590.66 Jun / 2023 9.64% 14.45%
Paraguay 69619.93 Jun / 2023 3.00% 9.77%
Peru 307.98 Jun / 2023 -0.48% 3.74%
Philippines 15900.12 Jun / 2023 1.06% 6.84%
Poland 2139.84 Jun / 2023 0.84% 7.57%
Portugal 233.70 Dec / 2020 3.68% 11.66%
Qatar 699.18 May / 2023 -0.38% 6.50%
Republic of the Congo 2402.20 Feb / 2023 4.56% 21.43%
Romania 624.52 Jun / 2023 1.73% 9.70%
Russia 87276.50 Jun / 2023 2.90% 25.36%
Rwanda 3875.21 Jun / 2023 9.45% 21.46%
Saint Lucia 3.34 Dec / 2019 2.27% 3.21%
Saint Vincent and the Grenadines 1.72 Dec / 2019 1.50% 9.91%
Samoa 1.47 Mar / 2023 2.89% 12.35%
Sao Tome and Principe 2492.67 May / 2023 -6.32% -8.68%
Saudi Arabia 2317.29 Jun / 2023 2.52% 8.26%
Senegal 9392.50 Jun / 2023 3.52% 11.90%
Serbia 1957.29 Jun / 2023 2.46% 21.79%
Seychelles 15.18 Jun / 2023 4.78% 6.09%
Sierra Leone 20299.21 Dec / 2022 19.16% 41.05%
Singapore 783.86 Jun / 2023 1.81% 3.21%
Slovakia 82.13 Jun / 2023 -0.69% 0.79%
Slovenia 38.02 Jun / 2023 1.41% 6.96%
Solomon Islands 4.91 May / 2023 -1.04% 4.25%
South Africa 4005.04 Jun / 2023 0.25% 10.58%
South Korea 3816390.50 Jun / 2023 1.04% 2.79%
Spain 1486.30 Jun / 2023 0.95% -1.44%
Sri Lanka 12726.25 Jul / 2023 2.74% 6.45%
Sudan 5058.73 Feb / 2023 7.75% 43.87%
Suriname 80.51 Jun / 2023 5.66% 57.75%
Swaziland 20.42 Jun / 2023 1.56% -2.24%
Sweden 4811.87 Jun / 2023 0.67% -3.78%
Switzerland 1135.38 Jun / 2023 -1.73% -1.24%
Taiwan 59272.00 Jun / 2023 1.05% 6.87%
Tajikistan 31.83 Aug / 2023 -0.83% -2.71%
Tanzania 32552.70 Jun / 2023 6.75% 17.85%
Thailand 24975.48 Jun / 2023 -1.01% 1.75%
Togo 2666.20 Jun / 2023 0.46% 7.66%
Tonga 0.68 Jun / 2022 1.30% 14.13%
Trinidad and Tobago 99.66 May / 2023 -0.17% 2.12%
Tunisia 103.78 Apr / 2023 1.26% 6.58%
Turkey 10834.49 Jun / 2023 19.60% 62.37%
USA 20801.80 Jun / 2023 -1.14% -3.60%
Uganda 28542.63 Jun / 2023 7.60% 8.40%
Ukraine 2727.99 Jun / 2023 6.66% 27.11%
United Arab Emirates 1855.40 Jun / 2023 3.75% 14.38%
United Kingdom 3055.51 Jun / 2023 -0.01% -0.65%
Uruguay 492.80 Jun / 2023 -4.73% 9.72%
Uzbekistan 205583.02 Aug / 2023 11.54% 18.30%
Vanuatu 114.49 May / 2023 3.19% 10.36%
Venezuela 46618.22 Jul / 2023 43.69% 420.78%
Zambia 136.22 May / 2023 6.86% 25.68%
Zimbabwe 14271.23 Jun / 2023 348.89% 1182.76%
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