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FIELD LISTING :: STOCK OF NARROW MONEY Print
This entry, also known as "M1," comprises the total quantity of currency in circulation (notes and coins) plus demand deposits denominated in the national currency held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy, measured at a specific point in time. National currency units have been converted to US dollars at the closing exchange rate for the date of the information. Because of exchange rate movements, changes in money stocks measured in national currency units may vary significantly from those shown in US dollars, and caution is urged when making comparisons over time in US dollars. Narrow money consists of more liquid assets than broad money and the assets generally function as a "medium of exchange" for an economy.


Country Comparison to the World

CountrySTOCK OF NARROW MONEY
Afghanistan $6.121 billion (31 December 2012 est.)
$5.928 billion (31 December 2011 est.)
Albania $3.355 billion (31 December 2014 est.)
$2.791 billion (31 December 2013 est.)
Algeria $115.2 billion (31 December 2014 est.)
$105.6 billion (31 December 2013 est.)
Angola $29.55 billion (31 December 2014 est.)
$26.52 billion (31 December 2013 est.)
Anguilla $16.7 million (31 December 2014 est.)
$15.95 million (31 December 2013 est.)
Antigua and Barbuda $233.9 million (31 December 2014 est.)
$221.2 million (31 December 2013 est.)
Argentina $54.13 billion (31 December 2014 est.)
$62.53 billion (31 December 2013 est.)
Armenia $1.13 billion (31 December 2014 est.)
$1.424 billion (31 December 2013 est.)
Aruba $957.9 million (31 December 2013 est.)
$957.9 million (31 December 2013 est.)
Australia $269.9 billion (31 December 2014 est.)
$244.1 billion (31 December 2013 est.)
Austria $222.6 billion (31 December 2014 est.)
$225.8 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Azerbaijan $18.01 billion (31 December 2014 est.)
$16.24 billion (31 December 2013 est.)
Bahamas, The $1.659 billion (31 December 2014 est.)
$1.641 billion (31 December 2013 est.)
Bahrain $7.996 billion (30 September 2014 est.)
$7.416 billion (31 December 2013 est.)
Bangladesh $19.69 billion (31 December 2014 est.)
$16.54 billion (31 December 2013 est.)
Barbados $1.848 billion (31 December 2014 est.)
$1.737 billion (31 December 2013 est.)
Belarus $3.753 billion (31 December 2014 est.)
$3.901 billion (31 December 2013 est.)
Belgium $202.4 billion (31 December 2014 est.)
$205.7 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Belize $583.5 million (31 December 2014 est.)
$561 million (31 December 2013 est.)
Benin $2.509 billion (31 December 2014 est.)
$2.268 billion (31 December 2013 est.)
Bermuda $3.374 billion (30 September 2014)

note: figures do not include US dollars, which also circulate freely
Bhutan $636 million (31 December 2014 est.)
$550.6 million (31 December 2013 est.)
Bolivia $8.362 billion (31 December 2014 est.)
$7.26 billion (31 December 2013 est.)
Bosnia and Herzegovina $4.972 billion (31 December 2014 est.)
$4.554 billion (31 December 2013 est.)
Botswana $1.465 billion (31 December 2014 est.)
$1.435 billion (31 December 2013 est.)
Brazil $160.4 billion (31 December 2014 est.)
$147.1 billion (31 December 2013 est.)
Brunei $3.531 billion (31 December 2014 est.)
$9 (31 December 2013 est.)
Bulgaria $20.85 billion (31 December 2014 est.)
$19.05 billion (31 December 2013 est.)
Burkina Faso $2.013 billion (31 December 2014 est.)
$2.088 billion (31 December 2013 est.)
Burma $15.19 billion (31 December 2014 est.)
$12.28 billion (31 December 2013 est.)
Burundi $394.9 million (31 December 2014 est.)
$375.2 million (31 December 2013 est.)
Cabo Verde $579.4 million (31 December 2014 est.)
$596.1 million (31 December 2013 est.)
Cambodia $1.354 billion (31 December 2014 est.)
$1.194 billion (31 December 2013 est.)
Cameroon $3.861 billion (31 December 2014 est.)
$3.988 billion (31 December 2013 est.)
Canada $661.5 billion (31 December 2014 est.)
$638.5 billion (31 December 2013 est.)
Cayman Islands $334.3 million (31 December 2008)
Central African Republic $196.6 million (31 December 2014 est.)
$250.8 million (31 December 2013 est.)
Chad $1.746 billion (31 December 2014 est.)
$1.606 billion (31 December 2013 est.)
Chile $40.1 billion (31 December 2014 est.)
$42.22 billion (31 December 2013 est.)
China $5.667 trillion (31 December 2014 est.)
$5.528 trillion (31 December 2013 est.)
Colombia $47.31 billion (31 December 2014 est.)
$44.55 billion (31 December 2013 est.)
Comoros $171.9 million (31 December 2014 est.)
$159.4 million (31 December 2013 est.)
Congo, Democratic Republic of the $1.231 billion (31 December 2014 est.)
$1.088 billion (31 December 2013 est.)
Congo, Republic of the $3.894 billion (31 December 2014 est.)
$4.115 billion (31 December 2013 est.)
Cook Islands $38.99 million (31 December 2011 est.)
$38.99 million (31 December 2011 est.)
Costa Rica $4.7 billion (31 December 2014 est.)
$4.599 billion (31 December 2013 est.)
Cote d'Ivoire $8.227 billion (31 December 2014 est.)
$7.72 billion (31 December 2013 est.)
Croatia $10.75 billion (31 December 2014 est.)
$10.88 billion (31 December 2013 est.)
Cuba $924.8 million (31 December 2014 est.)
$13.72 billion (31 December 2013 est.)
Cyprus $4.554 billion (31 December 2014 est.)
$4.883 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Czech Republic $126.8 billion (31 December 2014 est.)
$126.4 billion (31 December 2013 est.)
Denmark $155.6 billion (31 December 2014 est.)
$162.3 billion (31 December 2013 est.)
Djibouti $1.011 billion (31 December 2014 est.)
$877 million (31 December 2013 est.)
Dominica $88 million (31 December 2014 est.)
$78.84 million (31 December 2013 est.)
Dominican Republic $5.621 billion (31 December 2014 est.)
$5.203 billion (31 December 2013 est.)
Ecuador $10.81 billion (31 December 2014 est.)
$9.274 billion (31 December 2013 est.)
Egypt $60.18 billion (31 December 2014 est.)
$53.71 billion (31 December 2013 est.)
El Salvador $3.057 billion (31 December 2014 est.)
$2.892 billion (31 December 2013 est.)
Equatorial Guinea $3.363 billion (31 December 2014 est.)
$3.384 billion (31 December 2013 est.)
Eritrea $1.991 billion (31 December 2014 est.)
$1.483 billion (31 December 2013 est.)
Estonia $10.8 billion (31 December 2014 est.)
$9.741 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Ethiopia $11.31 billion (31 December 2014 est.)
$10.24 billion (31 December 2013 est.)
European Union $6.736 trillion (31 December 2013)
$6.219 trillion (31 December 2012)
note: this is the quantity of money, M1, for the euro area, converted into US dollars at the exchange rate for the date indicated; it excludes the stock of money carried by non-euro-area members of the European Union
Fiji $1.864 billion (31 December 2014 est.)
$1.849 billion (31 December 2013 est.)
Finland $136.7 billion (31 December 2014 est.)
$144.7 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
France $1.081 trillion (31 December 2014 est.)
$1.14 trillion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Gabon $2.983 billion (31 December 2014 est.)
$3.011 billion (31 December 2013 est.)
Gambia, The $217.5 million (31 December 2014 est.)
$215.5 million (31 December 2013 est.)
Gaza Strip see entry for West Bank
Georgia $2.632 billion (31 December 2014 est.)
$2.297 billion (31 December 2013 est.)
Germany $2.236 trillion (31 December 2014 est.)
$2.244 trillion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Ghana $5.119 billion (31 December 2014 est.)
$6.232 billion (31 December 2013 est.)
Greece $124.3 billion (31 December 2014 est.)
$126.7 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Grenada $148.9 million (31 December 2014 est.)
$141.1 million (31 December 2013 est.)
Guatemala $8.905 billion (31 December 2014 est.)
$8.311 billion (31 December 2013 est.)
Guinea-Bissau $384.8 million (31 December 2014 est.)
$330 million (31 December 2013 est.)
Guinea $1.916 billion (31 December 2014 est.)
$1.856 billion (31 December 2013 est.)
Guyana $603.4 million (31 December 2014 est.)
$558.5 million (31 December 2013 est.)
Haiti $1.125 billion (31 December 2014 est.)
$1.132 billion (31 December 2013 est.)
Honduras $2.006 billion (31 December 2014 est.)
$1.934 billion (31 December 2013 est.)
Hong Kong $204.8 billion (31 December 2014 est.)
$194.9 billion (31 December 2013 est.)
Hungary $41.16 billion (31 December 2014 est.)
$41.25 billion (31 December 2013 est.)
Iceland $4.31 billion (31 December 2014 est.)
$4.215 billion (31 December 2013 est.)
India $364 billion (31 December 2014 est.)
$308.9 billion (31 December 2013 est.)
Indonesia $78.7 billion (31 December 2014 est.)
$72.78 billion (31 December 2013 est.)
Iran $26.39 billion (31 December 2014 est.)
$26.54 billion (31 December 2013 est.)
Iraq $66.17 billion (31 December 2014 est.)
$63.32 billion (31 December 2013 est.)
Ireland $146.2 billion (31 December 2014 est.)
$156.1 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Israel $45.46 billion (31 December 2014 est.)
$35.05 billion (31 December 2013 est.)
Italy $1.185 trillion (31 December 2014 est.)
$1.264 trillion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Jamaica $1.994 billion (31 December 2014 est.)
$1.905 billion (31 December 2013 est.)
Japan $5.403 trillion (31 December 2014 est.)
$5.817 trillion (31 December 2013 est.)
Jordan $13.52 billion (31 December 2014 est.)
$11.86 billion (31 December 2013 est.)
Kazakhstan $20.4 billion (31 December 2014 est.)
$22.9 billion (31 December 2013 est.)
Kenya $11.3 billion (31 December 2014 est.)
$9.134 billion (31 December 2013 est.)
Korea, South $556.3 billion (31 December 2014 est.)
$470.9 billion (31 December 2013 est.)
Kuwait $32.42 billion (31 December 2014 est.)
$30.77 billion (31 December 2013 est.)
Kyrgyzstan $1.563 billion (31 December 2014 est.)
$1.474 billion (31 December 2013 est.)
Laos $1.629 billion (31 December 2014 est.)
$1.414 billion (31 December 2013 est.)
Latvia $10.15 billion (31 December 2014 est.)
$10.24 billion (31 December 2013 est.)
Lebanon $5.12 billion (11 December 2014 est.)
$5.007 billion (11 December 2013 est.)
Lesotho $425.9 million (31 December 2014 est.)
$380.2 million (31 December 2013 est.)
Liberia $512 million (31 December 2014 est.)
$459.1 million (31 December 2013 est.)
Libya $49.21 billion (31 December 2014 est.)
$49.59 billion (31 December 2013 est.)
Lithuania $15.92 billion (31 December 2014 est.)
$15.85 billion (31 December 2013 est.)
Luxembourg $209.6 billion (31 December 2014 est.)
$207.3 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Macau $7.17 billion (31 December 2014 est.)
$7.35 billion (31 December 2013 est.)
Macedonia $1.692 billion (31 December 2014 est.)
$1.569 billion (31 December 2013 est.)
Madagascar $1.611 billion (31 December 2014 est.)
$1.588 billion (31 December 2013 est.)
Malawi $578.5 million (31 December 2014 est.)
$454.7 million (31 December 2013 est.)
Malaysia $113.1 billion (31 December 2014 est.)
$99.8 billion (31 December 2013 est.)
Maldives $623 million (31 December 2013 est.)
$547.1 million (31 December 2012 est.)
Mali $2.833 billion (31 December 2014 est.)
$2.772 billion (31 December 2013 est.)
Malta $12.63 billion (31 December 2014 est.)
$9.928 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Mauritius $2.666 billion (31 December 2014 est.)
$2.562 billion (31 December 2013 est.)
Mexico $215.1 billion (31 December 2014 est.)
$192.2 billion (31 December 2013 est.)
Micronesia, Federated States of $196 million (31 December 2013 est.)
Moldova $2.102 billion (31 December 2014 est.)
$2.077 billion (31 December 2013 est.)
Mongolia $1.184 billion (31 December 2014 est.)
$1.259 billion (31 December 2013 est.)
Montenegro $749 million (31 December 2011 est.)
$783.3 million (31 December 2010 est.)
Montserrat $21.76 million (31 December 2014 est.)
$19.86 million (31 December 2013 est.)
Morocco $77.75 billion (31 December 2014 est.)
$77.4 billion (31 December 2013 est.)
Mozambique $5.267 billion (31 December 2014 est.)
$4.851 billion (31 December 2013 est.)
Namibia $3.867 billion (31 December 2014 est.)
$3.23 billion (31 December 2013 est.)
Nepal $3.808 billion (31 December 2014 est.)
$3.356 billion (31 December 2013 est.)
Netherlands $387 billion (31 December 2014 est.)
$401.9 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
New Zealand $33.65 billion (31 December 2014 est.)
$32.71 billion (31 December 2013 est.)
Nicaragua $919.6 million (31 December 2014 est.)
$846.7 million (31 December 2013 est.)
Nigeria $45.44 billion (31 December 2014 est.)
$44.59 billion (31 December 2013 est.)
Niger $1.534 billion (31 December 2014 est.)
$1.486 billion (31 December 2013 est.)
Norway $146.1 billion (31 December 2014 est.)
$144.2 billion (31 December 2013 est.)
Oman $11.18 billion (31 December 2014 est.)
$10.28 billion (31 December 2013 est.)
Pakistan $76.42 billion (31 October 2014 est.)
$77.62 billion (30 June 2013 est.)
Panama $6.887 billion (31 December 2014 est.)
$6.347 billion (31 December 2013 est.)
Papua New Guinea $5.388 billion (31 December 2014 est.)
$4.975 billion (31 December 2013 est.)
Paraguay $4.899 billion (31 December 2014 est.)
$4.5 billion (31 December 2013 est.)
Peru $33.71 billion (31 December 2014 est.)
$32.59 billion (31 December 2013 est.)
Philippines $51.86 billion (31 December 2014 est.)
$46.07 billion (31 December 2014 est.)
Poland $181.7 billion (31 December 2014 est.)
$184.5 billion (31 December 2013 est.)
Portugal $91.4 billion (31 December 2014 est.)
$97.65 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Qatar $32.59 billion (31 December 2014 est.)
$29.1 billion (31 December 2013 est.)
Romania $32.05 billion (31 December 2014 est.)
$30.82 billion (31 December 2013 est.)
Russia $158.6 billion (1 December 2014 est.)
$320.9 billion (31 December 2013 est.)
Rwanda $833 million (31 December 2014 est.)
$739.5 million (31 December 2013 est.)
Saint Kitts and Nevis $212.3 million (31 December 2014 est.)
$193.2 million (31 December 2013 est.)
Saint Lucia $257.3 million (31 December 2014 est.)
$257.6 million (31 December 2013 est.)
Saint Vincent and the Grenadines $151.7 million (31 December 2014 est.)
$138.6 million (31 December 2013 est.)
Samoa $106.9 million (31 December 2014 est.)
$104.1 million (31 December 2013 est.)
San Marino $NA
$1.326 billion (31 December 2007)
Sao Tome and Principe $67.45 million (31 December 2014 est.)
$59.57 million (31 December 2013 est.)
Saudi Arabia $301.1 billion (31 December 2014 est.)
$266.8 billion (31 December 2013 est.)
Senegal $4.086 billion (31 December 2014 est.)
$4.177 billion (31 December 2013 est.)
Serbia $3.919 billion (31 December 2014 est.)
$4.678 billion (31 December 2013 est.)
Seychelles $435.1 million (31 December 2014 est.)
$431.2 million (31 December 2013 est.)
Sierra Leone $448.3 million (31 December 2014 est.)
$370.6 million (31 December 2013 est.)
Singapore $126.5 billion (31 December 2014 est.)
$123.6 billion (31 December 2013 est.)
Slovakia $45.57 billion (31 December 2014 est.)
$42.37 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Slovenia $12.08 billion (31 December 2014 est.)
$12.1 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Solomon Islands $404.9 million (31 December 2014 est.)
$366.7 million (31 December 2013 est.)
South Africa $112.2 billion (31 December 2014 est.)
$108 billion (31 December 2013 est.)
South Sudan $1.873 billion (31 December 2013)
$2.032 billion (31 December 2012)
Spain $876.9 billion (31 December 2014 est.)
$854 billion (31 December 2013 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Sri Lanka $4.037 billion (31 December 2014 est.)
$3.706 billion (31 December 2013 est.)
Sudan $8.459 billion (31 December 2014 est.)
$7.055 billion (31 December 2013 est.)
Suriname $1.484 million (31 December 2014 est.)
$1.353 million (31 December 2013 est.)
Swaziland $453.5 million (31 December 2014 est.)
$419.6 million (31 December 2013 est.)
Sweden $256.9 billion (31 December 2014 est.)
$287.1 billion (31 December 2013 est.)
Switzerland $567.7 billion (31 December 2014 est.)
$570.5 billion (31 December 2013 est.)
Syria $7.001 billion (31 December 2014 est.)
$8.056 billion (31 December 2013 est.)
Taiwan $483.2 billion (31 December 2014 est.)
$449.8 billion (31 December 2013 est.)
Tajikistan $1.598 billion (31 December 2014 est.)
$1.329 billion (31 December 2013 est.)
Tanzania $4.799 billion (31 December 2014 est.)
$4.573 billion (31 December 2013 est.)
Thailand $51.76 billion (31 December 2014 est.)
$52.35 billion (31 December 2013 est.)
Timor-Leste $241.4 million (31 December 2014 est.)
$279.5 million (31 December 2013 est.)
Togo $1.105 billion (31 December 2014 est.)
$1.084 billion (31 December 2013 est.)
Tonga $100.8 million (31 December 2014 est.)
$94.1 million (31 December 2013 est.)
Trinidad and Tobago $7.095 billion (31 December 2014 est.)
$6.205 billion (31 December 2013 est.)
Tunisia $13.22 billion (31 December 2014 est.)
$13.21 billion (31 December 2013 est.)
Turkey $118.3 billion (31 December 2014 est.)
$107.4 billion (31 December 2013 est.)
Turkmenistan $1.255 billion (31 December 2014 est.)
$979.3 million (31 December 2013 est.)
Uganda $2.451 billion (31 December 2014 est.)
$2.218 billion (31 December 2013 est.)
Ukraine $33.97 billion (31 December 2014 est.)
$48.02 billion (31 December 2013 est.)
United Arab Emirates $126.1 billion (31 December 2014 est.)
$103.3 billion (31 December 2013 est.)
United Kingdom $114.2 billion (31 December 2014 est.)
$108.6 billion (31 December 2013 est.)
United States $2.943 trillion (31 December 2014 est.)
$2.546 trillion (31 December 2013 est.)
Uruguay $5.201 billion (31 December 2014 est.)
$5.455 billion (31 December 2013 est.)
Uzbekistan $7.605 billion (31 December 2014 est.)
$6.154 billion (31 December 2013 est.)
Vanuatu $283.7 million (31 December 2014 est.)
$272.1 million (31 December 2013 est.)
Venezuela $356 billion (31 December 2014 est.)
$192.3 billion (31 December 2013 est.)
Vietnam $52.39 billion (31 December 2014 est.)
$46.9 billion (31 December 2013 est.)
West Bank $269.2 million (31 December 2014 est.)
$220.5 million (31 December 2013 est.)
World $28.6 trillion (31 December 2014 est.)
$28.25 trillion (31 December 2013 est.)
Yemen $5.845 billion (31 December 2014 est.)
$5.196 billion (31 December 2013 est.)
Zambia $2.466 billion (31 December 2014 est.)
$2.369 billion (31 December 2013 est.)
Zimbabwe $43.43 billion (31 December 2014 est.)
$23.04 billion (31 December 2013 est.)
note: Zimbabwe's central bank no longer publishes data on monetary aggregates, except for bank deposits, which amounted to $2.1 billion in November 2010; the Zimbabwe dollar stopped circulating in early 2009; since then, the US dollar and South African rand have been the most frequently used currencies; there are no reliable estimates of the amount of foreign currency circulating in Zimbabwe
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