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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Algeria | 11.7 | 3.5 | 14.4 | 0.5 | - |
| Angola | 11.8 | 14.4 | 4.1 | 20.4 | 30.2 |
| Argentina | 28.2 | 30.4 | 26.0 | 22.8 | 30.9 |
| Armenia | 5.2 | 24.8 | 28.9 | 13.2 | 21.5 |
| Australia | 13.7 | 8.2 | 8.9 | 2.3 | 22.1 |
| Azerbaijan | -50.2 | 33.0 | 0.0 | - | - |
| Bahrain | 2.9 | 1.2 | 4.2 | 2.4 | 11.1 |
| Bangladesh | 12.4 | 16.4 | 10.9 | 9.2 | 9.9 |
| Belarus | -0.4 | 19.4 | 30.2 | 20.1 | 27.4 |
| Bolivia | 16.3 | -3.9 | 8.2 | 5.4 | -7.5 |
| Botswana | 19.9 | 5.4 | 2.7 | 8.3 | 8.3 |
| Brazil | 6.8 | 4.8 | 5.5 | 10.4 | 8.7 |
| Bulgaria | 8.8 | 7.6 | 7.7 | 8.9 | 9.9 |
| Canada | 6.0 | 8.5 | 5.8 | 5.2 | 7.8 |
| Chile | 10.6 | 10.1 | 4.7 | 9.4 | 8.2 |
| China | 13.3 | 11.3 | 8.1 | 8.1 | 8.7 |
| Colombia | 12.5 | 6.9 | 7.1 | 5.0 | 8.7 |
| Costa Rica | 6.1 | 2.1 | -1.0 | -0.4 | 6.2 |
| Croatia | 11.4 | 18.2 | 19.1 | 20.7 | 14.3 |
| Czech Republic | 8.4 | 6.6 | 8.6 | 5.6 | 7.0 |
| Denmark | 10.3 | 7.5 | 5.2 | 4.1 | 6.0 |
| Dominican Republic | 11.6 | 10.0 | 10.3 | 4.5 | 10.4 |
| Egypt | 18.6 | 39.0 | 20.9 | 13.3 | 13.3 |
| El Salvador | 6.3 | 3.4 | 10.4 | 5.8 | 11.3 |
| Estonia | 11.6 | 9.5 | 5.8 | 10.5 | 9.5 |
| Ethiopia | 21.7 | 25.1 | 29.8 | 22.5 | 12.4 |
| Eurozone | 4.7 | 5.0 | 4.7 | 4.2 | 4.9 |
| Georgia | -3.8 | 14.8 | 27.9 | 15.9 | - |
| Ghana | 26.6 | 24.6 | 19.8 | 15.7 | 16.0 |
| Guatemala | 9.5 | 6.6 | 8.4 | 9.4 | 9.8 |
| Haiti | 14.6 | 5.5 | 10.7 | 23.3 | 10.8 |
| Honduras | 7.8 | 15.8 | 12.8 | 7.4 | 11.6 |
| Hong Kong | 5.5 | 7.7 | 10.0 | 4.3 | 2.8 |
| Hungary | 7.5 | 9.9 | 9.9 | 12.5 | 9.5 |
| India | 11.5 | 6.7 | 21.8 | 14.3 | 10.3 |
| Indonesia | 9.0 | 10.0 | 8.3 | 6.3 | 6.5 |
| Iran | 30.0 | 23.2 | 22.1 | 23.1 | - |
| Jamaica | 13.4 | 13.4 | 2.8 | 9.8 | 9.5 |
| Japan | 3.1 | 3.9 | 3.6 | 2.4 | 2.7 |
| Jordan | 8.1 | 4.0 | 0.2 | 1.2 | 4.8 |
| Kazakhstan | 8.0 | 46.2 | 7.5 | 7.1 | 11.0 |
| Kenya | 14.2 | 4.2 | 7.4 | 8.0 | 5.4 |
| Korea | 8.2 | 7.1 | 5.1 | 6.7 | 7.9 |
| Kosovo | - | - | - | - | - |
| Latvia | 13.9 | 7.4 | 5.9 | 14.7 | - |
| Lithuania | 33.1 | 7.3 | 5.9 | 11.4 | 10.4 |
| Malaysia | 3.3 | 3.2 | 5.1 | 8.9 | 3.5 |
| Mexico | 5.1 | 6.8 | 8.3 | 4.7 | 7.6 |
| Moldova | 18.3 | 14.3 | 10.0 | 8.2 | - |
| Mongolia | -5.5 | 21.0 | 30.5 | 22.8 | 7.0 |
| Morocco | 7.0 | 6.3 | 7.9 | 5.9 | 6.2 |
| New Zealand | 14.2 | 2.1 | - | - | - |
| Nicaragua | 19.1 | 10.5 | 13.0 | -19.7 | 3.2 |
| Nigeria | 5.9 | 17.8 | 2.3 | 12.1 | 6.3 |
| North Macedonia | 7.7 | 6.2 | 3.8 | 11.8 | 9.9 |
| Norway | 0.6 | 5.1 | 6.0 | 5.3 | 4.1 |
| Pakistan | 12.8 | 14.5 | 13.9 | 9.5 | 10.8 |
| Panama | -1.2 | 0.4 | 1.2 | 4.5 | -9.4 |
| Paraguay | 5.8 | 8.1 | 16.4 | 6.1 | 6.3 |
| Peru | 2.0 | 11.5 | 13.0 | 8.9 | 9.1 |
| Philippines | 9.1 | 13.3 | 11.6 | 8.6 | 10.9 |
| Poland | 9.6 | 9.7 | 4.5 | 8.8 | 8.7 |
| Portugal | 4.4 | 8.9 | 8.0 | 8.1 | 6.5 |
| Qatar | 3.4 | -4.6 | 21.3 | -6.5 | 2.5 |
| Romania | 9.4 | 9.8 | 11.5 | 8.9 | 10.9 |
| Russia | 11.3 | 9.2 | 10.5 | 11.0 | 9.7 |
| Saudi Arabia | 2.5 | 0.8 | 0.3 | 2.7 | 7.1 |
| Serbia | 14.4 | 15.1 | 7.9 | 16.7 | 16.6 |
| Singapore | 1.5 | 8.0 | 3.2 | 3.9 | 5.0 |
| Slovakia | 11.1 | 5.2 | 6.2 | 6.5 | 8.9 |
| Slovenia | 5.0 | 7.7 | 6.6 | 7.4 | 7.9 |
| Sri Lanka | 17.2 | 18.9 | 17.5 | 13.5 | 7.6 |
| Sweden | 8.2 | 7.2 | 7.2 | 6.6 | 7.1 |
| Switzerland | 1.4 | 3.9 | 4.0 | 3.5 | 0.1 |
| Taiwan | 5.8 | 3.6 | 3.6 | 2.7 | 4.5 |
| Tajikistan | 12.2 | 56.7 | 36.6 | 10.0 | - |
| Tanzania | 13.4 | 5.3 | 10.4 | 3.8 | 11.8 |
| Thailand | 5.7 | 4.8 | 9.4 | 2.8 | 5.7 |
| Trinidad and Tobago | -1.4 | 3.2 | -2.1 | 3.1 | 0.1 |
| Tunisia | 8.4 | 8.0 | 16.9 | 3.6 | 6.0 |
| Turkey | 17.4 | 17.6 | 15.5 | 19.4 | 26.6 |
| USA | 5.8 | 6.8 | 5.7 | 3.9 | 5.1 |
| Uganda | 5.6 | 13.5 | 15.4 | 6.3 | 16.2 |
| United Arab Emirates | 5.5 | 3.3 | 4.1 | 2.5 | 7.9 |
| United Kingdom | 5.9 | 3.1 | 3.1 | 3.8 | 3.9 |
| Uruguay | - | - | - | - | - |
| Venezuela | 101 | 159 | 1,121 | 63,257 | 4,946 |
| Vietnam | 16.2 | 18.4 | 15.0 | 12.4 | - |
| Zambia | 24.9 | 0.1 | 20.7 | 15.4 | 12.2 |
Download Sample Report
Money Economic News
-
Thailand: Central Bank hikes rates further in November; hints at further tightening ahead
December 1, 2022
At its 30 November meeting, the Monetary Policy Committee (MPC) of the Bank of Thailand (BoT) hiked the policy rate to 1.25% from 1.00%.
-
Angola: Central Bank stays put in November
November 25, 2022
On 25 November, the Monetary Policy Committee of the National Bank of Angola (BNA) kept the basic interest rate unchanged at 19.50%.
-
Turkey: TCMB delivers last cut of easing cycle in November
November 24, 2022
The Central Bank of the Republic of Turkey (TCMB) fulfilled expectations at its 24 November meeting by delivering a 150 basis point rate cut, which brought the one-week repo rate down to 9.00% from 10.50%.
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
© Copyright: 2022. | Money | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
