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Field Listing :: Stock of narrow money
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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
Country
Stock of narrow money
Afghanistan $6.121 billion (31 December 2012 est.)
$5.928 billion (31 December 2011 est.)
Albania $2.576 billion (31 December 2013 est.)
$2.657 billion (31 December 2012 est.)
Algeria $92.91 billion (31 December 2013 est.)
$98.36 billion (31 December 2012 est.)
Angola $16.95 billion (31 December 2013 est.)
$13.31 billion (31 December 2012 est.)
Anguilla $16.89 million (31 December 2013 est.)
$15.79 million (31 December 2012 est.)
Antigua and Barbuda $213 million (31 December 2013 est.)
$205.2 million (31 December 2012 est.)
Argentina $70.25 billion (31 December 2013 est.)
$65.63 billion (31 December 2012 est.)
Armenia $1.418 billion (31 December 2013 est.)
$1.352 billion (31 December 2012 est.)
Aruba $1.022 billion (31 December 2012 est.)
$868.5 million (31 December 2011 est.)
Australia $526.5 billion (31 December 2013 est.)
$534.8 billion (31 December 2012 est.)
Austria $204.5 billion (31 December 2013 est.)
$201.1 billion (31 December 2012 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 17 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 $17.17 billion (31 December 2013 est.)
$14.15 billion (31 December 2012 est.)
Bahamas, The $1.577 billion (31 December 2013 est.)
$1.575 billion (31 December 2012 est.)
Bahrain $7.431 billion (31 December 2013 est.)
$6.944 billion (31 December 2012 est.)
Bangladesh $17.11 billion (31 December 2013 est.)
$14.85 billion (31 December 2012 est.)
Barbados $1.749 billion (31 December 2013 est.)
$1.711 billion (31 December 2012 est.)
Belarus $4.362 billion (31 December 2013 est.)
$4.018 billion (31 December 2012 est.)
Belgium $185.1 billion (31 December 2013 est.)
$185.7 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $573 million (31 December 2013 est.)
$551.5 million (31 December 2012 est.)
Benin $1.889 billion (31 December 2013 est.)
$1.755 billion (31 December 2012 est.)
Bhutan $224.9 million (31 December 2013 est.)
$191.9 million (31 December 2012 est.)
Bolivia $7.446 billion (31 December 2013 est.)
$7.32 billion (31 December 2012 est.)
Bosnia and Herzegovina $4.493 billion (31 December 2013 est.)
$4.122 billion (31 December 2012 est.)
Botswana $1.517 billion (31 December 2013 est.)
$1.358 billion (31 December 2012 est.)
Brazil $157.6 billion (31 December 2013 est.)
$159.1 billion (31 December 2012 est.)
Brunei $3.472 billion (31 December 2013 est.)
$3.509 billion (31 December 2012 est.)
Bulgaria $17.55 billion (31 December 2013 est.)
$15.51 billion (31 December 2012 est.)
Burkina Faso $2.22 billion (31 December 2013 est.)
$1.845 billion (31 December 2012 est.)
Burma $12.23 billion (31 December 2013 est.)
$11.54 billion (31 December 2012 est.)
Burundi $339.4 million (31 December 2013 est.)
$332.5 million (31 December 2012 est.)
Cabo Verde $517.4 million (31 December 2013 est.)
$490.5 million (31 December 2012 est.)
Cambodia $1.206 billion (31 December 2013 est.)
$995.1 million (31 December 2012 est.)
Cameroon $3.764 billion (31 December 2013 est.)
$3.482 billion (31 December 2012 est.)
Canada $699.1 billion (31 December 2013 est.)
$648.8 billion (31 December 2012 est.)
Cayman Islands $334.3 million (31 December 2008)
Central African Republic $308.3 million (31 December 2013 est.)
$337.7 million (31 December 2012 est.)
Chad $1.598 billion (31 December 2013 est.)
$1.442 billion (31 December 2012 est.)
Chile $41.61 billion (31 December 2013 est.)
$40.95 billion (31 December 2012 est.)
China $5.515 trillion (31 December 2013 est.)
$4.907 trillion (31 December 2012 est.)
Colombia $42.28 billion (31 December 2013 est.)
$41.7 billion (31 December 2012 est.)
Comoros $162.2 million (31 December 2013 est.)
$151.6 million (31 December 2012 est.)
Congo, Democratic Republic of the $1.06 billion (31 December 2013 est.)
$986.6 million (31 December 2012 est.)
Congo, Republic of the $4.678 billion (31 December 2013 est.)
$4.403 billion (31 December 2012 est.)
Cook Islands $38.99 million (31 December 2011 est.)
$38.99 million (31 December 2011 est.)
Costa Rica $4.633 billion (31 December 2013 est.)
$4.197 billion (31 December 2012 est.)
Cote d'Ivoire $7.606 billion (31 December 2013 est.)
$6.552 billion (31 December 2012 est.)
Croatia $10.38 billion (31 January 2014 est.)
$10.64 billion (31 December 2012 est.)
Cuba $11.21 billion (31 December 2013 est.)
$10.97 billion (31 December 2012 est.)
Cyprus $14.73 billion (31 December 2011 est.)
$14.6 billion (31 December 2010 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 members of the EMU; individual members of the EMU do not control the quantity of money circulating within their own borders
Czech Republic $124.1 billion (30 September 2013 est.)
$114.2 billion (30 September 2012 est.)
Denmark $147.6 billion (31 December 2013 est.)
$150.4 billion (31 December 2012 est.)
Djibouti $850.8 million (31 December 2013 est.)
$758.9 million (31 December 2012 est.)
Dominica $94.41 million (31 December 2013 est.)
$84.39 million (31 December 2012 est.)
Dominican Republic $4.943 billion (31 December 2013 est.)
$4.738 billion (31 December 2012 est.)
Ecuador $8.59 billion (31 December 2013 est.)
$7.801 billion (31 December 2012 est.)
Egypt $47.8 billion (31 December 2013 est.)
$45.33 billion (31 December 2012 est.)
El Salvador $2.914 billion (31 December 2013 est.)
$2.796 billion (31 December 2012 est.)
Equatorial Guinea $3.001 billion (31 December 2013 est.)
$3.023 billion (31 December 2012 est.)
Eritrea $1.798 billion (31 December 2013 est.)
$1.396 billion (31 December 2012 est.)
Estonia $9.994 billion (31 December 2013 est.)
$8.191 billion (31 December 2012 est.)
note: this figure represents the US dollar value of Estonian kroon in circulation prior to Estonia's joining the Economic and Monetary Union (EMU); see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 members of the EMU; individual members of the EMU do not control the quantity of money circulating within their own borders
Ethiopia $9.006 billion (31 December 2013 est.)
$9.107 billion (31 December 2012 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 $1.549 billion (31 December 2013 est.)
$1.453 billion (31 December 2012 est.)
Finland $130.8 billion (31 December 2013 est.)
$126.5 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $951 billion (31 December 2013 est.)
$939.1 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $2.497 billion (31 December 2013 est.)
$2.552 billion (31 December 2012 est.)
Gambia, The $207.1 million (31 December 2013 est.)
$217.9 million (31 December 2012 est.)
Georgia $2.025 billion (31 December 2013 est.)
$1.965 billion (31 December 2012 est.)
Germany $2.158 trillion (31 December 2013 est.)
$2.025 trillion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $6.256 billion (31 December 2013 est.)
$6.153 billion (31 December 2012 est.)
Greece $112.1 billion (31 December 2013 est.)
$116.2 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $131.7 million (31 December 2013 est.)
$123.3 million (31 December 2012 est.)
Guatemala $8.461 billion (31 December 2013 est.)
$7.975 billion (31 December 2012 est.)
Guinea $1.533 billion (31 December 2013 est.)
$1.492 billion (31 December 2012 est.)
Guinea-Bissau $242.8 million (31 December 2013 est.)
$264.9 million (31 December 2012 est.)
Guyana $601.8 million (31 December 2013 est.)
$550.4 million (31 December 2012 est.)
Haiti $1.151 billion (31 December 2013 est.)
$1.107 billion (31 December 2012 est.)
Honduras $1.781 billion (31 December 2013 est.)
$1.913 billion (31 December 2012 est.)
Hong Kong $199.8 billion (31 December 2013 est.)
$177.7 billion (31 December 2012 est.)
Hungary $34.75 billion (31 December 2013 est.)
$33.03 billion (31 December 2012 est.)
Iceland $3.876 billion (31 December 2013 est.)
$3.562 billion (31 December 2012 est.)
India $303.1 billion (31 December 2013 est.)
$317.4 billion (31 December 2012 est.)
Indonesia $82.99 billion (31 December 2013 est.)
$87.04 billion (31 December 2012 est.)
Iran $26.3 billion (31 December 2013 est.)
$42.91 billion (31 December 2012 est.)
Iraq $62.33 billion (31 December 2013 est.)
$54.68 billion (31 December 2012 est.)
Ireland $121.3 billion (31 December 2013 est.)
$122.3 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $37.09 billion (31 December 2013 est.)
$32.48 billion (31 December 2012 est.)
Italy $1.138 trillion (31 December 2013 est.)
$1.162 trillion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $1.671 billion (31 December 2013 est.)
$1.723 billion (31 December 2012 est.)
Japan $5.604 trillion (31 December 2013 est.)
$6.176 trillion (31 December 2012 est.)
Jordan $10.68 billion (31 December 2013 est.)
$10.17 billion (31 December 2012 est.)
Kazakhstan $24.51 billion (31 December 2013 est.)
$25.82 billion (31 December 2012 est.)
Kenya $9.198 billion (31 December 2013 est.)
$8.264 billion (31 December 2012 est.)
Korea, South $465.2 billion (31 December 2013 est.)
$426 billion (31 December 2012 est.)
Kuwait $31.68 billion (31 December 2013 est.)
$27.55 billion (31 December 2012 est.)
Kyrgyzstan $1.479 billion (31 December 2013 est.)
$1.372 billion (31 December 2012 est.)
Laos $1.389 billion (31 December 2013 est.)
$1.154 billion (31 December 2012 est.)
Latvia $9.865 billion (31 December 2013 est.)
$9.099 billion (31 December 2012 est.)
Lebanon $5.419 billion (31 December 2013 est.)
$4.712 billion (31 December 2012 est.)
Lesotho $425.1 million (31 December 2013 est.)
$408.9 million (31 December 2012 est.)
Liberia $419.4 million (31 December 2013 est.)
$408.2 million (31 December 2012 est.)
Libya $47.25 billion (31 December 2013 est.)
$45.2 billion (31 December 2012 est.)
Lithuania $13.83 billion (31 December 2013 est.)
$13.77 billion (31 December 2012 est.)
Luxembourg $84.91 billion (31 December 2013 est.)
$89.87 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $8.263 billion (31 December 2013 est.)
$5.862 billion (31 December 2012 est.)
Macedonia $1.57 billion (31 December 2013 est.)
$1.414 billion (31 December 2012 est.)
Madagascar $1.839 billion (31 December 2013 est.)
$1.492 billion (31 December 2012 est.)
Malawi $585.3 million (31 December 2013 est.)
$457.6 million (31 December 2012 est.)
Malaysia $97.03 billion (31 December 2013 est.)
$93.89 billion (31 December 2012 est.)
Maldives $547.1 million (31 December 2012 est.)
$531.4 million (31 December 2011 est.)
Mali $2.848 billion (31 December 2013 est.)
$2.583 billion (31 December 2012 est.)
Malta $5.304 billion (31 December 2013 est.)
$5.336 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 members of the EMU; individual members of the EMU do not control the quantity of money circulating within their own borders
Mauritius $2.475 billion (31 December 2013 est.)
$2.378 billion (31 December 2012 est.)
Mexico $174.2 billion (31 December 2012 est.)
$170.5 billion (31 December 2011 est.)
Micronesia, Federated States of $27.22 million (31 December 2011 est.)
$27.22 million
Moldova $2.154 billion (31 December 2013 est.)
$1.701 billion (31 December 2012 est.)
Mongolia $1.219 billion (31 December 2013 est.)
$1.318 billion (31 December 2012 est.)
Montenegro $749 million (31 December 2011 est.)
$783.3 million (31 December 2010 est.)
Montserrat $19.5 million (31 December 2013 est.)
$17.54 million (31 December 2012 est.)
Morocco $75.71 billion (31 December 2013 est.)
$71.51 billion (31 December 2012 est.)
Mozambique $4.665 billion (31 December 2013 est.)
$4.335 billion (31 December 2012 est.)
Namibia $2.723 billion (31 December 2013 est.)
$2.941 billion (31 December 2012 est.)
Nepal $3.553 billion (31 December 2013 est.)
$3.104 billion (31 December 2012 est.)
Netherlands $401.1 billion (31 December 2013 est.)
$389.9 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $30.03 billion (31 December 2013 est.)
$29.87 billion (31 December 2012 est.)
Nicaragua $923.6 million (31 December 2013 est.)
$788.4 million (31 December 2012 est.)
Niger $1.388 billion (31 December 2013 est.)
$1.284 billion (31 December 2012 est.)
Nigeria $46.48 billion (31 December 2013 est.)
$44.41 billion (31 December 2012 est.)
Norway $146.3 billion (31 December 2013 est.)
$152.1 billion (31 December 2012 est.)
Oman $9.537 billion (31 December 2013 est.)
$9.083 billion (31 December 2012 est.)
Pakistan $71.96 billion (31 December 2013 est.)
$62.29 billion (31 December 2012 est.)
Panama $8.976 billion (31 December 2013 est.)
$7.659 billion (31 December 2012 est.)
Papua New Guinea $4.825 billion (31 December 2013 est.)
$5.301 billion (31 December 2012 est.)
Paraguay $4.364 billion (31 December 2013 est.)
$4.135 billion (31 December 2012 est.)
Peru $32.2 billion (31 December 2013 est.)
$32.61 billion (31 December 2012 est.)
Philippines $43.67 billion (31 December 2013 est.)
$39.01 billion (31 December 2012 est.)
Poland $162 billion (31 December 2013 est.)
$156.4 billion (31 December 2012 est.)
Portugal $86.57 billion (31 December 2013 est.)
$88.92 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $29.98 billion (31 December 2013 est.)
$24.98 billion (31 December 2012 est.)
Romania $19.55 billion (31 December 2013 est.)
$26.51 billion (31 December 2012 est.)
Russia $452.8 billion (31 December 2012 est.)
$399.3 billion (31 December 2011 est.)
Rwanda $791.6 million (31 December 2013 est.)
$671.2 million (31 December 2012 est.)
Saint Kitts and Nevis $218.5 million (31 December 2013 est.)
$200.4 million (31 December 2012 est.)
Saint Lucia $270.3 million (31 December 2013 est.)
$259.6 million (31 December 2012 est.)
Saint Vincent and the Grenadines $142.2 million (31 December 2013 est.)
$133.7 million (31 December 2012 est.)
Samoa $97.8 million (31 December 2013 est.)
$97.71 million (31 December 2012 est.)
San Marino
$1.326 billion (31 December 2007)
Sao Tome and Principe $47.43 million (31 December 2013 est.)
$38.63 million (31 December 2012 est.)
Saudi Arabia $263.8 billion (31 December 2013 est.)
$236.6 billion (31 December 2012 est.)
Senegal $3.809 billion (31 December 2013 est.)
$3.577 billion (31 December 2012 est.)
Serbia $4.626 billion (31 December 2013 est.)
$3.595 billion (31 December 2012 est.)
Seychelles $380.7 million (31 December 2013 est.)
$301.5 million (31 December 2012 est.)
Sierra Leone $355.7 million (31 December 2013 est.)
$324.7 million (31 December 2012 est.)
Singapore $124.8 billion (31 December 2013 est.)
$115 billion (31 December 2012 est.)
Slovakia $38.48 billion (31 December 2013 est.)
$37.14 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $11.83 billion (31 December 2013 est.)
$16.12 billion (31 December 2010 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $335.3 million (31 December 2013 est.)
$326.3 million (31 December 2012 est.)
South Africa $110.2 billion (31 December 2013 est.)
$122 billion (31 December 2012 est.)
Spain $777.3 billion (31 December 2013 est.)
$785.2 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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 $3.629 billion (31 December 2013 est.)
$3.539 billion (31 December 2012 est.)
Sudan $8.035 billion (31 December 2013 est.)
$7.927 billion (31 December 2012 est.)
Suriname $1.132 billion (31 December 2012 est.)
$1.075 billion (31 December 2011 est.)
Swaziland $421.6 million (31 December 2013 est.)
$403.3 million (31 December 2012 est.)
Sweden $254.3 billion (31 December 2013 est.)
$260.1 billion (31 December 2012 est.)
Switzerland $525.9 billion (31 December 2013 est.)
$534.4 billion (31 December 2012 est.)
Syria $8.097 billion (31 December 2013 est.)
$16.78 billion (31 December 2012 est.)
Taiwan $450.1 billion (31 December 2013 est.)
$426.2 billion (31 December 2012 est.)
Tajikistan $1.044 billion (31 December 2013 est.)
$1.191 billion (31 December 2012 est.)
Tanzania $4.594 billion (31 December 2013 est.)
$4.16 billion (31 December 2012 est.)
Thailand $50.18 billion (31 December 2013 est.)
$52.18 billion (31 December 2012 est.)
Timor-Leste $203.2 million (31 December 2013 est.)
$205.8 million (31 December 2012 est.)
Togo $1.138 billion (31 December 2013 est.)
$1.057 billion (31 December 2012 est.)
Tonga $85.97 million (31 December 2013 est.)
$81.03 million (31 December 2012 est.)
Trinidad and Tobago $7.044 billion (31 December 2013 est.)
$6.221 billion (31 December 2012 est.)
Tunisia $13.08 billion (31 December 2013 est.)
$13.44 billion (31 December 2012 est.)
Turkey $80.72 billion (31 December 2013 est.)
$85.23 billion (31 December 2012 est.)
Turkmenistan $577.2 million (31 December 2013 est.)
$526.3 million (31 December 2012 est.)
Uganda $2.455 billion (31 December 2013 est.)
$2.015 billion (31 December 2012 est.)
Ukraine $39.94 billion (31 December 2013 est.)
$40.44 billion (31 December 2012 est.)
United Arab Emirates $96.11 billion (31 December 2013 est.)
$81.46 billion (31 December 2012 est.)
United Kingdom $103.8 billion (31 December 2013 est.)
$101.8 billion (31 December 2012 est.)
United States $2.612 trillion (31 December 2013 est.)
$2.311 trillion (31 December 2012 est.)
Uruguay $5.312 billion (31 December 2013 est.)
$5.32 billion (31 December 2012 est.)
Uzbekistan $6.514 billion (31 December 2013 est.)
$5.994 billion (31 December 2012 est.)
Vanuatu $270.7 million (31 December 2013 est.)
$264.1 million (31 December 2012 est.)
Venezuela $181.4 billion (31 December 2013 est.)
$162.7 billion (31 December 2012 est.)
Vietnam $43.99 billion (31 December 2013 est.)
$40.34 billion (31 December 2012 est.)
West Bank $232.2 million (31 December 2013 est.)
$180.2 million (31 December 2012 est.)
World $27.6 trillion (31 December 2013 est.)
$26.88 trillion (31 December 2012 est.)
Yemen $5.753 billion (31 December 2013 est.)
$5.142 billion (31 December 2012 est.)
Zambia $2.299 billion (31 December 2013 est.)
$2.185 billion (31 December 2012 est.)
Zimbabwe $23.03 billion (31 December 2013 est.)
$12.27 billion (31 December 2012 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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