My Data Jungle - Economic and Social Indicators

Indicator: Broad money (% of GDP) - Ranking   2023

Description Broad money (% of GDP) measures the total stock of highly liquid financial assets held by money-holding sectors that are widely accepted as a medium of exchange, together with assets that can be converted into a medium of exchange at short notice and at or near their nominal value. The indicator is expressed as a percentage of GDP, relating the amount of broad money in the economy to the size of overall economic activity.
% of Gdp. Broad money is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, 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.
A cosa serve The indicator is used to assess monetary and financial development, compare the relative size of money stocks across countries, and monitor changes in liquidity relative to economic activity. It can also support analysis of monetary conditions, financial deepening, credit expansion and potential macroeconomic or financial imbalances.
Unit of measure %
Aggregation Operator Average

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