Money (annual variation in %)

Money (annual variation in %)

The stock of money in the economy can be measured according to different definitions. The simplest way to measure it is to use the amount of cash and reserves held within the banking system and the cash held by individuals. This definition is also called the “monetary base” and can be broadened by adding more types of money. For instance, bank deposits are usually included in a broader measure of the stock of money in the economy, since they are also used as a means of payment.

The annual variation of the stock of money refers to the increase with respect to the previous year. This will influence the evolution of prices, which will alter consumers’ and businesses’ perceptions of future prices and, consequently, consumption and investment behavior. Most central banks use the policy interest rate to curb growth in the quantity of money available in the economy and thus to influence prices. However, there are some central banks that try to control the quantity of money directly and let the money market determine the interest rates.

The table below shows the annual variation in money (based on different definitions) by country for the last five years.

Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.

Money Data

20132014201520162017
Algeria11.612.911.73.5-  
Angola17.216.111.813.04.1
Argentina25.728.928.230.426.0
Armenia14.9-3.55.224.828.9
Australia8.76.310.96.55.4
Azerbaijan19.06.1-50.233.00.0
Bahrain8.26.52.91.24.2
Bangladesh16.716.112.416.410.9
Belarus15.514.5-0.419.430.2
Bolivia17.717.116.3-3.98.2
Botswana4.010.019.95.42.7
Brazil10.99.96.33.84.8
Bulgaria9.01.28.87.67.7
Canada7.04.96.18.65.8
Chile11.28.210.610.14.8
China13.612.213.311.38.1
Colombia14.79.112.56.95.0
Costa Rica11.911.613.97.39.5
Croatia11.59.611.418.219.1
Czech Republic5.06.68.46.68.6
Denmark3.27.710.37.56.6
Dominican Republic10.710.511.610.010.3
Egypt18.417.016.418.639.3
El Salvador3.1-0.46.33.410.4
Estonia6.79.911.69.55.8
Ethiopia22.329.121.725.121.4
Eurozone0.45.25.05.04.1
Georgia33.29.1-2.512.929.4
Ghana18.233.026.624.619.8
Guatemala9.08.79.56.68.4
Haiti6.38.914.65.510.7
Honduras8.513.18.112.912.4
Hong Kong12.49.55.57.710.0
Hungary4.49.07.59.99.9
India12.310.711.56.321.9
Indonesia12.811.99.010.08.3
Iran38.822.330.023.2-  
Jamaica4.24.414.511.929.1
Japan4.23.53.13.93.6
Jordan9.76.98.14.00.3
Kazakhstan1.5-8.27.946.17.5
Kenya14.518.612.84.87.5
Korea4.68.18.27.15.1
Kosovo-  -  -  -  -  
Latvia8.011.813.97.45.9
Lithuania4.91.533.17.35.9
Macedonia0.27.27.66.14.1
Malaysia7.77.52.93.14.8
Mexico10.711.45.26.88.2
Moldova-4.2-9.218.314.1-  
Mongolia24.212.5-5.521.030.5
Morocco2.75.07.06.37.8
New Zealand15.610.314.22.1-  
Nicaragua19.613.019.110.513.0
Nigeria1.320.65.817.81.7
Norway7.36.40.65.16.0
Pakistan16.912.612.814.513.9
Panama-10.231.0-1.20.41.2
Paraguay17.57.85.88.116.4
Peru7.47.32.011.513.0
Philippines33.510.59.113.311.6
Poland6.78.89.69.74.5
Portugal1.90.94.48.98.0
Qatar19.610.63.4-4.621.3
Romania8.88.49.49.811.4
Russia14.91.511.39.210.5
Saudi Arabia11.114.62.43.6-1.0
Serbia13.912.114.415.17.9
Singapore4.33.31.58.03.2
Slovakia6.25.211.15.26.2
Slovenia-1.36.75.07.76.6
Sri Lanka18.013.117.218.917.5
Sweden5.75.68.27.17.1
Switzerland3.12.61.43.94.1
Taiwan5.86.15.83.63.6
Tajikistan18.63.512.256.736.6
Tanzania17.013.45.310.4-  
Thailand3.91.35.74.89.4
Trinidad and Tobago8.813.1-1.43.2-2.1
Tunisia4.48.08.48.016.9
Turkey21.511.917.417.615.5
USA6.76.25.86.85.6
Uganda8.415.65.413.615.6
United Arab Emirates22.87.95.53.34.1
United Kingdom5.46.25.93.13.1
Uruguay15.03.75.68.415.0
Venezuela69.764.01011591,121
Vietnam18.917.716.218.4-  
Zambia11.811.324.90.120.7

Download Sample Report

Download

Money Economic News

  • Singapore: MAS again increases slope of policy band at its second semi-annual meeting

    October 12, 2018

    At its second biannual meeting of 2018 held on 12 October, the Monetary Authority of Singapore (MAS) decided to slightly increase the undisclosed slope of the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band.

    Read more

  • Serbia: NBS stands pat in October

    October 8, 2018

    At its 8 October monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for the last seven months. The Bank’s decision was mainly guided by well-anchored inflation expectations.

    Read more

  • Israel: Bank of Israel holds its fire in October

    October 8, 2018

    On 8 October, the Monetary Committee of the Bank of Israel stood pat and kept its interest rate steady at the historic low of 0.10%, where it has been since February 2015. The decision, widely expected by market analysts, came on the back of a largely unchanged inflation outlook “despite slightly lower than expected recent CPI readings”.

    Read more

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Search form