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

2014 2015 2016 2017 2018
Algeria12.911.73.514.40.5
Angola16.111.814.44.120.4
Argentina28.928.230.426.022.8
Armenia-3.55.224.828.913.2
Australia6.313.78.28.92.3
Azerbaijan6.1-50.233.00.0-  
Bahrain6.53.01.24.22.4
Bangladesh16.112.416.410.99.2
Belarus14.5-0.419.430.220.1
Bolivia17.116.3-3.98.25.4
Botswana4.619.95.42.78.3
Brazil10.16.84.85.510.4
Bulgaria1.28.87.67.78.9
Canada4.96.08.65.85.2
Chile8.210.610.14.79.4
China12.213.311.38.18.1
Colombia9.112.56.97.15.0
Costa Rica11.76.12.1-1.0-0.4
Croatia9.611.418.219.120.7
Czech Republic6.68.46.68.65.6
Denmark7.710.37.55.24.1
Dominican Republic10.211.610.010.34.5
Egypt17.016.418.639.318.4
El Salvador-0.46.33.410.45.8
Estonia9.911.69.55.810.5
Ethiopia29.121.725.129.822.5
Eurozone3.84.75.04.74.2
Georgia9.1-2.512.929.416.1
Ghana33.026.624.619.815.7
Guatemala8.79.56.68.49.4
Haiti8.914.65.510.723.3
Honduras13.27.815.813.47.2
Hong Kong9.55.57.710.04.3
Hungary9.07.59.99.912.5
India10.711.56.721.814.3
Indonesia11.99.010.08.36.3
Iran22.330.023.222.123.1
Jamaica4.414.511.929.114.5
Japan3.53.13.93.62.4
Jordan6.98.14.00.21.2
Kazakhstan-8.28.046.27.57.1
Kenya18.614.24.27.48.0
Korea8.18.27.15.16.7
Kosovo-  -  -  -  -  
Latvia11.813.97.45.914.7
Lithuania1.533.17.35.911.4
Malaysia7.53.33.25.18.9
Mexico11.45.16.88.34.7
Moldova-4.218.314.310.08.2
Mongolia12.5-5.521.030.522.8
Morocco5.07.06.37.95.9
New Zealand10.314.22.1-  -  
Nicaragua13.019.110.513.0-19.7
Nigeria20.65.917.82.312.1
North Macedonia7.37.76.23.811.8
Norway6.40.65.16.05.3
Pakistan12.612.814.513.99.5
Panama31.0-1.20.41.24.5
Paraguay7.85.88.116.46.1
Peru7.32.011.513.08.9
Philippines10.59.113.311.68.6
Poland8.89.69.74.58.8
Portugal0.94.48.98.08.1
Qatar10.63.4-4.621.3-6.5
Romania8.49.49.811.58.9
Russia1.511.39.210.511.0
Saudi Arabia14.62.50.80.32.7
Serbia12.114.415.17.916.7
Singapore3.31.58.03.23.9
Slovakia5.211.15.26.26.5
Slovenia6.75.07.76.67.4
Sri Lanka13.117.218.917.513.5
Sweden5.68.27.27.26.6
Switzerland2.61.43.94.03.5
Taiwan6.15.83.63.62.7
Tajikistan3.512.256.736.610.0
Tanzania13.413.45.310.43.8
Thailand1.35.74.89.42.8
Trinidad and Tobago13.1-1.43.2-2.13.1
Tunisia8.08.48.016.93.6
Turkey11.917.417.615.519.4
USA6.25.86.85.73.9
Uganda14.85.613.515.46.3
United Arab Emirates7.95.53.34.12.5
United Kingdom6.25.93.13.13.8
Uruguay-  -  -  -  -  
Venezuela64.01011591,12163,257
Vietnam17.716.218.415.012.4
Zambia11.324.90.120.715.4

Download Sample Report

Download

Money Economic News

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Search form