Broad Money Growth by Country
Annual growth of broad money (M2/M3 equivalent). Latest values for 166 economies.
Among 166 countries, Grenada has the highest broad money growth at 1,169.2% and Libya the lowest at -20.3% (latest available readings).
Broad Money Growth by Region
Latest available reading (periods may differ by country). Choose a region or “All countries”.
Broad Money Growth — All Countries
Sorted by latest value. Click headers to re-sort.
| # | Country | Last | Previous | Period |
|---|---|---|---|---|
| 1 |  Grenada | 1,169.2% | -91.3% | 2025 |
| 2 | Zimbabwe | 708.9% | 391.9% | 2023 |
| 3 | Somalia, Fed. Rep. | 162.8% | 57.2% | 1989 |
| 4 | Sudan | 88.0% | 60.1% | 2020 |
| 5 | Venezuela | 58.8% | 53.3% | 2013 |
| 6 | Tajikistan | 50.6% | -7.6% | 2023 |
| 7 | Malawi | 45.1% | 32.2% | 2024 |
| 8 | Argentina | 44.9% | 123.1% | 2025 |
| 9 | South Sudan | 43.0% | 219.0% | 2025 |
| 10 | Laos | 39.1% | 32.4% | 2010 |
| 11 | Turkey | 37.9% | 36.9% | 2025 |
| 12 | Uzbekistan | 36.6% | 30.6% | 2025 |
| 13 | Guinea | 35.8% | 5.1% | 2024 |
| 14 | Kyrgyzstan | 30.6% | 19.1% | 2022 |
| 15 | Guyana | 28.4% | 22.6% | 2025 |
| 16 | Iran | 28.0% | 24.4% | 2016 |
| 17 | Solomon Islands | 24.8% | 3.8% | 2025 |
| 18 | Ivory Coast | 23.8% | 13.6% | 2025 |
| 19 | Ethiopia | 23.4% | 22.2% | 2008 |
| 20 | Maldives | 21.4% | -0.1% | 2025 |
| 21 | Suriname | 20.8% | 9.8% | 2025 |
| 22 | Egypt | 20.6% | 31.1% | 2025 |
| 23 | Uganda | 20.0% | 6.7% | 2025 |
| 24 | Burundi | 19.8% | 26.1% | 2025 |
| 25 | Sao Tome and Principe | 19.5% | 0.5% | 2025 |
| 26 | Sierra Leone | 19.1% | 18.2% | 2025 |
| 27 | United Arab Emirates | 19.0% | 14.5% | 2025 |
| 28 | Rwanda | 18.8% | 24.8% | 2024 |
| 29 | Myanmar | 18.2% | 15.5% | 2020 |
| 30 | Comoros | 18.0% | 5.1% | 2025 |
| 31 | Armenia | 17.8% | 13.7% | 2025 |
| 32 | Burkina Faso | 17.4% | 6.8% | 2025 |
| 33 | Ghana | 17.3% | 33.0% | 2025 |
| 34 | Lesotho | 17.1% | -9.0% | 2020 |
| 35 | Russia | 16.7% | 5.1% | 2020 |
| 36 | Georgia | 16.6% | 14.1% | 2025 |
| 37 | Pakistan | 15.7% | 12.5% | 2025 |
| 38 | Kazakhstan | 15.5% | 19.2% | 2025 |
| 39 | Benin | 15.4% | 1.4% | 2025 |
| 40 | Micronesia | 15.4% | 15.6% | 2021 |
| 41 | Ukraine | 15.3% | 13.4% | 2025 |
| 42 | Mongolia | 15.0% | 26.8% | 2024 |
| 43 | Canada | 14.9% | -25.6% | 2008 |
| 44 | Panama | 14.6% | 16.0% | 2008 |
| 45 | Guatemala | 14.5% | 8.2% | 2025 |
| 46 | Tanzania | 14.1% | 11.6% | 2023 |
| 47 | Madagascar | 13.9% | 8.2% | 2024 |
| 48 | Cameroon | 13.9% | 5.4% | 2018 |
| 49 | Yemen | 13.7% | 22.0% | 2013 |
| 50 | Bolivia | 13.7% | 11.8% | 2025 |
| 51 | Ecuador | 13.6% | 12.4% | 2025 |
| 52 | Chad | 13.6% | 17.5% | 2021 |
| 53 | Serbia | 13.5% | 12.7% | 2024 |
| 54 | Senegal | 13.3% | 3.9% | 2025 |
| 55 | El Salvador | 13.3% | 3.3% | 2025 |
| 56 | Singapore | 13.2% | 5.0% | 2020 |
| 57 | Nepal | 12.9% | 11.2% | 2025 |
| 58 | Eritrea | 12.9% | 16.5% | 2014 |
| 59 | Cambodia | 12.9% | 17.5% | 2025 |
| 60 | Jamaica | 12.8% | 8.2% | 2025 |
| 61 | Kosovo | 12.4% | 11.3% | 2024 |
| 62 | Moldova | 12.3% | 13.7% | 2025 |
| 63 | Afghanistan | 12.1% | 5.7% | 2020 |
| 64 | Mali | 12.0% | 1.8% | 2025 |
| 65 | Dominican Republic | 12.0% | 11.3% | 2025 |
| 66 | Colombia | 11.9% | 11.3% | 2025 |
| 67 | Nigeria | 11.9% | 43.9% | 2025 |
| 68 | Iceland | 11.7% | 8.3% | 2024 |
| 69 | Bhutan | 11.5% | 6.0% | 2024 |
| 70 | Nicaragua | 11.3% | 13.8% | 2022 |
| 71 | India | 11.3% | 12.5% | 2021 |
| 72 | Hong Kong | 11.2% | 7.0% | 2025 |
| 73 | Seychelles | 10.9% | 7.4% | 2025 |
| 74 | Paraguay | 10.9% | 8.7% | 2024 |
| 75 | Honduras | 10.7% | 9.7% | 2025 |
| 76 | Niger | 10.6% | 6.9% | 2025 |
| 77 | Tunisia | 10.5% | 10.4% | 2025 |
| 78 | Kenya | 10.2% | 1.0% | 2025 |
| 79 | North Macedonia | 10.2% | 5.9% | 2024 |
| 80 | Brazil | 10.2% | 13.7% | 2025 |
| 81 | Dominica | 10.0% | 3.3% | 2025 |
| 82 | Mauritania | 9.9% | 10.9% | 2019 |
| 83 | Montenegro | 9.8% | 9.9% | 2025 |
| 84 | Republic of the Congo | 9.6% | 8.9% | 2023 |
| 85 | Indonesia | 9.6% | 4.8% | 2025 |
| 86 | Vanuatu | 9.6% | 5.9% | 2024 |
| 87 | Hungary | 9.5% | 3.4% | 2024 |
| 88 | Bahamas | 9.4% | 4.3% | 2022 |
| 89 | Bosnia and Herzegovina | 9.3% | 7.7% | 2024 |
| 90 | Mozambique | 9.3% | 16.2% | 2025 |
| 91 | Morocco | 9.3% | 8.0% | 2025 |
| 92 | Peru | 9.3% | 2.9% | 2022 |
| 93 | Poland | 9.2% | 8.5% | 2024 |
| 94 | Cape Verde | 9.2% | 7.7% | 2025 |
| 95 | Mexico | 8.8% | 13.8% | 2025 |
| 96 | Fiji | 8.8% | 5.1% | 2023 |
| 97 | Bulgaria | 8.7% | 8.7% | 2024 |
| 98 | Equatorial Guinea | 8.7% | 22.0% | 2023 |
| 99 | Zambia | 8.7% | 23.0% | 2025 |
| 100 | Mauritius | 8.6% | 12.7% | 2025 |
| 101 | Angola | 8.5% | 5.0% | 2025 |
| 102 | Sri Lanka | 8.3% | 11.4% | 2019 |
| 103 | South Africa | 8.2% | 6.7% | 2025 |
| 104 | Bangladesh | 8.1% | 6.1% | 2025 |
| 105 | Gambia | 7.8% | 9.3% | 2024 |
| 106 | Philippines | 7.8% | 8.0% | 2022 |
| 107 | Macao | 7.5% | 7.8% | 2025 |
| 108 | Czech Republic | 7.3% | 9.7% | 2024 |
| 109 | Timor-Leste | 7.3% | 2.7% | 2024 |
| 110 | Azerbaijan | 7.2% | 3.2% | 2025 |
| 111 | Romania | 7.2% | 11.3% | 2025 |
| 112 | Palestine | 7.1% | 6.8% | 2024 |
| 113 | Algeria | 7.0% | 9.0% | 2025 |
| 114 | Belarus | 7.0% | 4.7% | 2021 |
| 115 | China | 6.8% | 9.8% | 2024 |
| 116 | Namibia | 6.8% | 8.1% | 2021 |
| 117 | Australia | 6.7% | 6.6% | 2025 |
| 118 | South Korea | 6.6% | 3.9% | 2024 |
| 119 | Israel | 6.4% | 8.1% | 2025 |
| 120 | United States | 6.0% | 5.3% | 2025 |
| 121 | Belize | 5.9% | 9.4% | 2025 |
| 122 | Antigua and Barbuda | 5.9% | 4.6% | 2025 |
| 123 | Jordan | 5.9% | 6.1% | 2025 |
| 124 | Vietnam | 5.7% | 9.7% | 2022 |
| 125 | St Vincent and the Grenadines | 5.4% | 15.8% | 2025 |
| 126 | St Kitts and Nevis | 5.3% | 2.5% | 2025 |
| 127 | Albania | 5.1% | 2.3% | 2024 |
| 128 | Costa Rica | 4.9% | 11.1% | 2025 |
| 129 | Botswana | 4.8% | 9.3% | 2024 |
| 130 | Malaysia | 4.6% | 3.3% | 2025 |
| 131 | Papua New Guinea | 4.4% | -3.8% | 2019 |
| 132 | Togo | 4.4% | 8.7% | 2025 |
| 133 | Guinea-Bissau | 4.3% | 6.2% | 2025 |
| 134 | Lebanon | 4.2% | 7.4% | 2017 |
| 135 | Oman | 4.2% | 1.8% | 2017 |
| 136 | St Lucia | 4.2% | 10.8% | 2025 |
| 137 | New Zealand | 4.1% | 4.1% | 2025 |
| 138 | Trinidad and Tobago | 3.7% | 1.0% | 2025 |
| 139 | Eswatini | 3.6% | 0.3% | 2022 |
| 140 | Tonga | 3.6% | 8.0% | 2025 |
| 141 | Kuwait | 3.6% | 4.3% | 2025 |
| 142 | Djibouti | 3.5% | 7.7% | 2024 |
| 143 | Qatar | 3.5% | -0.6% | 2025 |
| 144 | Norway | 3.4% | 0.4% | 2024 |
| 145 | Thailand | 3.4% | 2.0% | 2024 |
| 146 | Switzerland | 3.3% | 0.1% | 2016 |
| 147 | Bahrain | 2.9% | 6.5% | 2015 |
| 148 | Samoa | 2.6% | 8.9% | 2025 |
| 149 | United Kingdom | 2.6% | -2.6% | 2024 |
| 150 | Central African Republic | 2.5% | 14.6% | 2022 |
| 151 | Brunei | 2.2% | 3.6% | 2025 |
| 152 | Liberia | 1.8% | 26.3% | 2024 |
| 153 | Denmark | 1.5% | 4.8% | 2024 |
| 154 | Gabon | 1.4% | 33.2% | 2019 |
| 155 | Barbados | 0.9% | 5.3% | 2023 |
| 156 | Chile | 0.9% | -2.1% | 2025 |
| 157 | Uruguay | 0.8% | 15.9% | 2025 |
| 158 | Aruba | 0.8% | 3.3% | 2023 |
| 159 | Japan | 0.6% | 0.1% | 2025 |
| 160 | Sweden | 0.3% | -1.3% | 2024 |
| 161 | Saudi Arabia | 0.2% | 0.5% | 2017 |
| 162 | Iraq | -3.8% | 7.5% | 2024 |
| 163 | Syria | -7.8% | 13.5% | 2011 |
| 164 | DR Congo | -9.6% | 27.4% | 2025 |
| 165 | Haiti | -9.6% | 31.5% | 2023 |
| 166 | Libya | -20.3% | 15.2% | 2021 |
Broad Money Growth around the world — in simple words
Overview
Broad Money Growth is available for 150 economies with recent data. The median value is 9.6% and the simple average is 23.9%.
Highest: Grenada (1,169.2%), Zimbabwe (708.9%), Sudan (88.0%), Tajikistan (50.6%), Malawi (45.1%).
Lowest: Libya (-20.3%), Haiti (-9.6%), DR Congo (-9.6%), Iraq (-3.8%), Sweden (0.3%).
Major economies
Among the 12 major economies tracked here, Singapore (13.2%) has the highest reading and Japan (0.6%) the lowest. Their median is 7.5%.
Broad Money Growth — Regional Medians
Median of the latest readings of countries in each World Bank region. The median is the middle value — half the countries are above it and half below.
| Region | Countries | Median |
|---|---|---|
| East Asia & Pacific | 25 | 7.3% |
| Europe & Central Asia | 28 | 10.0% |
| Latin America & Caribbean | 31 | 10.0% |
| Middle East, North Africa, Afghanistan & Pakistan | 15 | 7.0% |
| North America | 1 | 6.0% |
| South Asia | 6 | 11.4% |
| Sub-Saharan Africa | 44 | 11.4% |
Understanding Broad Money Growth — a simple guide
What it measures
The annual growth rate of broad money (currency plus deposits, roughly M2/M3).
How it is calculated
Yearly % change in broad money — cash plus bank deposits.
Growth of 10% means money in the economy rose by a tenth in a year.
Fast money growth reflects strong credit creation and liquidity.
Slow money growth points to tighter liquidity.
Why it matters for the economy and markets
Money growth reflects credit creation and liquidity conditions in the economy.
How to read it
Very fast money growth relative to GDP can precede inflation, but the link is loose in modern economies.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What does broad money growth measure?
Which country has the highest broad money growth?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.