FIELD LISTING :: STOCK OF NARROW MONEY
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 $6.644 billion (31 December 2014 est.)
$6.192 billion (31 December 2013 est.)
Albania $2.826 billion (31 December 2015 est.)
$3.066 billion (31 December 2014 est.)
Algeria $89.89 billion (31 December 2015 est.)
$109 billion (31 December 2014 est.)
Angola $23.01 billion (31 December 2015 est.)
$30.11 billion (31 December 2014 est.)
Anguilla $19.74 million (31 December 2015 est.)
$19.08 million (31 December 2014 est.)
Antigua and Barbuda $240.7 million (31 December 2015 est.)
$234.1 million (31 December 2014 est.)
Argentina $69.37 billion (31 December 2015 est.)
$62.87 billion (31 December 2014 est.)
Armenia $1.127 billion (31 December 2015 est.)
$1.118 billion (31 December 2014 est.)
Aruba $990.2 million (31 December 2015 est.)
Australia $222.3 billion (31 December 2015 est.)
$227.2 billion (31 December 2014 est.)
Austria $185.8 billion (31 December 2015 est.)
$191.8 billion (31 December 2014 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 $9.519 billion (31 December 2015 est.)
$16.36 billion (31 December 2014 est.)
Bahamas, The $2.101 billion (31 December 2015 est.)
$1.996 billion (31 December 2014 est.)
Bahrain $8.684 billion (31 December 2015 est.)
$8.232 billion (31 December 2014 est.)
Bangladesh $21.69 billion (31 December 2015 est.)
$19.01 billion (31 December 2014 est.)
Barbados $1.903 billion (31 December 2015 est.)
$1.82 billion (31 December 2014 est.)
Belarus $2.518 billion (31 December 2015 est.)
$3.524 billion (31 December 2014 est.)
Belgium $188 billion (31 December 2015 est.)
$182.5 billion (31 December 2014 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 $659 million (31 December 2015 est.)
$657 million (31 December 2014 est.)
Benin $2.388 billion (31 December 2015 est.)
$2.336 billion (31 December 2014 est.)
Bermuda $3.374 billion (30 September 2014 est.)
$3.422 billion (31 December 2013 est.)
note: figures do not include US dollars, which also circulate freely
Bhutan $738.7 million (31 December 2015 est.)
$683.7 million (31 December 2014 est.)
Bolivia $9.727 billion (31 December 2015 est.)
$8.386 billion (31 December 2014 est.)
Bosnia and Herzegovina $3.948 billion (31 December 2015 est.)
$4.538 billion (31 December 2014 est.)
Botswana $1.569 billion (31 December 2015 est.)
$1.388 billion (31 December 2014 est.)
Brazil $90.94 billion (31 December 2015 est.)
$132.4 billion (31 December 2014 est.)
Brunei $3.32 billion (31 December 2015 est.)
$3.137 billion (31 December 2014 est.)
Bulgaria $20.09 billion (31 December 2015 est.)
$17.38 billion (31 December 2014 est.)
Burkina Faso $1.768 billion (31 December 2015 est.)
$1.969 billion (31 December 2014 est.)
Burma $13.47 billion (31 December 2015 est.)
$14.07 billion (31 December 2014 est.)
Burundi $437.7 million (31 December 2015 est.)
$412.4 million (31 December 2014 est.)
Cabo Verde $610.9 million (31 December 2015 est.)
$597.6 million (31 December 2014 est.)
Cambodia $1.655 billion (31 December 2015 est.)
$1.482 billion (31 December 2014 est.)
Cameroon $3.239 billion (31 December 2015 est.)
$3.65 billion (31 December 2014 est.)
Canada $579.9 billion (31 December 2015 est.)
$629.6 billion (31 December 2014 est.)
Cayman Islands $334.3 million (31 December 2008)
Central African Republic $322.4 million (31 December 2015 est.)
$376.7 million (31 December 2014 est.)
Chad $1.633 billion (31 December 2015 est.)
$1.751 billion (31 December 2014 est.)
Chile $40.65 billion (31 December 2015 est.)
$41.97 billion (31 December 2014 est.)
China $5.753 trillion (31 December 2015 est.)
$5.688 trillion (31 December 2014 est.)
Colombia $33.86 billion (31 December 2015 est.)
$39.27 billion (31 December 2014 est.)
Comoros $114.2 million (31 December 2015 est.)
$133.3 million (31 December 2014 est.)
Congo, Democratic Republic of the $1.386 billion (31 December 2015 est.)
$1.284 billion (31 December 2014 est.)
Congo, Republic of the $4.08 billion (31 December 2015 est.)
$4.223 billion (31 December 2014 est.)
Cook Islands $38.99 million (31 December 2011 est.)
$38.99 million (31 December 2011 est.)
Costa Rica $5.119 billion (31 December 2015 est.)
$4.643 billion (31 December 2014 est.)
Cote d'Ivoire $7.302 billion (31 December 2015 est.)
$7.785 billion (31 December 2014 est.)
Croatia $8.822 billion (31 December 2015 est.)
$10.07 billion (31 December 2014 est.)
Cuba $1.307 billion (31 December 2015 est.)
$965.2 million (31 December 2014 est.)
Cyprus $3.44 billion (31 December 2015 est.)
$4.382 billion (31 December 2014 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
Czechia $126.1 billion (31 December 2015 est.)
$122.8 billion (31 December 2014 est.)
Denmark $157.3 billion (31 December 2015 est.)
$154.7 billion (31 December 2014 est.)
Djibouti $1.007 billion (31 December 2015 est.)
$963.4 million (31 December 2014 est.)
Dominica $95.11 million (31 December 2015 est.)
$86.92 million (31 December 2014 est.)
Dominican Republic $6.005 billion (31 December 2015 est.)
$5.488 billion (31 December 2014 est.)
Ecuador $9.748 billion (31 December 2015 est.)
$9.531 billion (31 December 2014 est.)
Egypt $66.67 billion (31 December 2015 est.)
$62.34 billion (31 December 2014 est.)
El Salvador $3.017 billion (31 December 2015 est.)
$2.92 billion (31 December 2014 est.)
Equatorial Guinea $2.001 billion (31 December 2015 est.)
$2.504 billion (31 December 2014 est.)
Eritrea $2.516 billion (31 December 2015 est.)
$2.129 billion (31 December 2014 est.)
Estonia $10.09 billion (31 December 2015 est.)
$10.19 billion (31 December 2014 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 $11.53 billion (31 December 2015 est.)
$9.981 billion (31 December 2014 est.)
European Union $7.165 trillion (31 December 2013)
$7.422 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, e.g., UK pounds, Danish kroner, and Czech koruny
Fiji $1.85 billion (31 December 2015 est.)
$1.823 billion (31 December 2014 est.)
Finland $121.3 billion (31 December 2015 est.)
$118.8 billion (31 December 2014 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 $981.9 billion (31 December 2015 est.)
$989.7 billion (31 December 2014 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 $1.872 billion (31 December 2015 est.)
$2.448 billion (31 December 2014 est.)
Gambia, The $243.5 million (31 December 2015 est.)
$186.2 million (31 December 2014 est.)
Gaza Strip see entry for West Bank
Georgia $2.061 billion (31 December 2015 est.)
$2.415 billion (31 December 2014 est.)
Germany $1.936 trillion (31 December 2015 est.)
$1.841 trillion (31 December 2014 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 $5.751 billion (31 December 2015 est.)
$5.64 billion (31 December 2014 est.)
Greece $118.4 billion (31 December 2015 est.)
$115.7 billion (31 December 2014 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 $183.3 million (31 December 2015 est.)
$172.8 million (31 December 2014 est.)
Guatemala $10.24 billion (31 December 2015 est.)
$9.19 billion (31 December 2014 est.)
Guinea-Bissau $433.1 million (31 December 2015 est.)
$392.5 million (31 December 2014 est.)
Guinea $1.758 billion (31 December 2015 est.)
$1.84 billion (31 December 2014 est.)
Guyana $705.8 million (31 December 2015 est.)
$635.3 million (31 December 2014 est.)
Haiti $1.095 billion (31 December 2015 est.)
$1.271 billion (31 December 2014 est.)
Honduras $2.167 billion (31 December 2015 est.)
$2.105 billion (31 December 2014 est.)
Hong Kong $252.1 billion (31 December 2015 est.)
$220.3 billion (31 December 2014 est.)
Hungary $47.18 billion (31 December 2015 est.)
$41.44 billion (31 December 2014 est.)
Iceland $3.262 billion (31 December 2015 est.)
$3.213 billion (31 December 2014 est.)
India $368.2 billion (31 December 2015 est.)
$345.6 billion (31 December 2014 est.)
Indonesia $69.01 billion (31 December 2015 est.)
$75.74 billion (31 December 2014 est.)
Iran $41.55 billion (31 December 2015 est.)
$42.59 billion (31 December 2014 est.)
Iraq $61.81 billion (31 December 2015 est.)
$62.31 billion (31 December 2014 est.)
Ireland $140.9 billion (31 December 2015 est.)
$143.5 billion (31 December 2014 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 $59.16 billion (31 December 2015 est.)
$51.25 billion (31 December 2014 est.)
Italy $1.1 trillion (31 December 2015 est.)
$999 billion (31 December 2014 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 $3.328 billion (31 December 2015 est.)
$3.156 billion (31 December 2014 est.)
Japan $4.902 trillion (31 December 2015 est.)
$4.896 trillion (31 December 2014 est.)
Jordan $13.91 billion (31 December 2015 est.)
$13 billion (31 December 2014 est.)
Kazakhstan $9.802 billion (31 December 2015 est.)
$16.35 billion (31 December 2014 est.)
Kenya $10.01 billion (31 December 2015 est.)
$10.34 billion (31 December 2014 est.)
Korea, South $541.3 billion (31 December 2015 est.)
$532.9 billion (31 December 2014 est.)
Kuwait $31.83 billion (31 December 2015 est.)
$32.8 billion (31 December 2014 est.)
Kyrgyzstan $1.052 billion (31 December 2015 est.)
$1.061 billion (31 December 2014 est.)
Laos $1.166 billion (31 December 2015 est.)
$1.154 billion (31 December 2014 est.)
Latvia $7.543 billion (31 December 2015 est.)
$8.969 billion (31 December 2014 est.)
Lebanon $6.085 billion (31 December 2015 est.)
$5.506 billion (31 December 2014 est.)
Lesotho $270.1 million (31 December 2015 est.)
$209.8 million (31 December 2014 est.)
Liberia $444.1 million (31 December 2015 est.)
$449.7 million (31 December 2014 est.)
Libya $45.42 billion (31 December 2015 est.)
$48.02 billion (31 December 2014 est.)
Lithuania $17.4 billion (31 December 2015 est.)
$14.67 billion (31 December 2014 est.)
Luxembourg $215.7 billion (31 December 2015 est.)
$211.9 billion (31 December 2014 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 $6.632 billion (31 December 2015 est.)
$7.678 billion (31 December 2014 est.)
Macedonia $1.424 billion (31 December 2015 est.)
$1.686 billion (31 December 2014 est.)
Madagascar $1.535 billion (31 December 2015 est.)
$1.506 billion (31 December 2014 est.)
Malawi $456.9 million (31 December 2015 est.)
$549.8 million (31 December 2014 est.)
Malaysia $84.18 billion (31 December 2015 est.)
$99.12 billion (31 December 2014 est.)
Maldives $623 million (31 December 2013 est.)
$547.1 million (31 December 2012 est.)
Mali $2.213 billion (31 December 2015 est.)
$2.612 billion (31 December 2014 est.)
Malta $11.82 billion (31 December 2015 est.)
$10.55 billion (31 December 2014 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 $2.324 billion (31 December 2015 est.)
$2.634 billion (31 December 2014 est.)
Mexico $180.8 billion (31 December 2015 est.)
$195.6 billion (31 December 2014 est.)
Micronesia, Federated States of $196 million (31 December 2013 est.)
Moldova $1.578 billion (31 December 2015 est.)
$1.718 billion (31 December 2014 est.)
Mongolia $844 million (31 December 2015 est.)
$963.5 million (31 December 2014 est.)
Montenegro $749 million (31 December 2011 est.)
$783.3 million (31 December 2010 est.)
Montserrat $18.51 million (31 December 2015 est.)
$16.69 million (31 December 2014 est.)
Morocco $70.65 billion (31 December 2015 est.)
$73.27 billion (31 December 2014 est.)
Mozambique $5.333 billion (31 December 2015 est.)
$5.405 billion (31 December 2014 est.)
Namibia $2.786 billion (31 December 2015 est.)
$3.17 billion (31 December 2014 est.)
Nepal $4.002 billion (31 December 2015 est.)
$3.567 billion (31 December 2014 est.)
Netherlands $357.8 billion (31 December 2015 est.)
$388.6 billion (31 December 2014 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 $28.33 billion (31 December 2015 est.)
$33.16 billion (31 December 2014 est.)
Nicaragua $1.033 billion (31 December 2015 est.)
$943.8 million (31 December 2014 est.)
Nigeria $29.91 billion (31 December 2015 est.)
$40.69 billion (31 December 2014 est.)
Niger $1.518 billion (31 December 2015 est.)
$1.657 billion (31 December 2014 est.)
Norway $107.9 billion (31 December 2015 est.)
$120.7 billion (31 December 2014 est.)
Oman $13.76 billion (31 December 2015 est.)
$12.5 billion (31 December 2014 est.)
Pakistan $87.01 billion (31 October 2015 est.)
$77.03 billion (31 December 2014 est.)
Panama $8.674 billion (31 December 2015 est.)
$8.317 billion (31 December 2014 est.)
Papua New Guinea $5.113 billion (31 December 2015 est.)
$5.034 billion (31 December 2014 est.)
Paraguay $4.747 billion (31 December 2015 est.)
$4.806 billion (31 December 2014 est.)
Peru $32.08 billion (31 December 2015 est.)
$32.81 billion (31 December 2014 est.)
Philippines $56.68 billion (31 December 2015 est.)
$51.8 billion (31 December 2014 est.)
Poland $167.1 billion (31 December 2015 est.)
$172.9 billion (31 December 2014 est.)
Portugal $61.64 billion (31 December 2015 est.)
$66.76 billion (31 December 2014 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 $37.89 billion (31 December 2015 est.)
$34.14 billion (31 December 2014 est.)
Romania $37.4 billion (31 December 2015 est.)
$35.5 billion (31 December 2014 est.)
Russia $171.5 billion (31 December 2015 est.)
$201.4 billion (31 December 2014 est.)
Rwanda $845.1 million (31 December 2015 est.)
$820.3 million (31 December 2014 est.)
Saint Kitts and Nevis $220.1 million (31 December 2015 est.)
$215.6 million (31 December 2014 est.)
Saint Lucia $282.7 million (31 December 2015 est.)
$277.3 million (31 December 2014 est.)
Saint Vincent and the Grenadines $172.3 million (31 December 2015 est.)
$157.9 million (31 December 2014 est.)
Samoa $114.8 million (31 December 2015 est.)
$113.8 million (31 December 2014 est.)
San Marino $NA
$1.326 billion (31 December 2007)
Sao Tome and Principe $62.19 million (31 December 2015 est.)
$54.91 million (31 December 2014 est.)
Saudi Arabia $341.3 billion (31 December 2015 est.)
$304.8 billion (31 December 2014 est.)
Senegal $4.067 billion (31 December 2015 est.)
$3.931 billion (31 December 2014 est.)
Serbia $4.282 billion (31 December 2015 est.)
$4.332 billion (31 December 2014 est.)
Seychelles $467.8 million (31 December 2015 est.)
$407.2 million (31 December 2014 est.)
Sierra Leone $509.6 million (31 December 2015 est.)
$431.9 million (31 December 2014 est.)
Singapore $114.3 billion (31 December 2015 est.)
$121.3 billion (31 December 2014 est.)
Slovakia $18.24 billion (31 December 2015 est.)
$18.17 billion (31 December 2014 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 $11.82 billion (31 December 2015 est.)
$12.85 billion (31 December 2014 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 $348.4 million (31 December 2015 est.)
$360.5 million (31 December 2014 est.)
South Africa $97.33 billion (31 December 2015 est.)
$107.5 billion (31 December 2014 est.)
South Sudan $1.873 billion (31 December 2013)
$2.032 billion (31 December 2012)
Spain $778.9 billion (31 December 2015 est.)
$858.2 billion (31 December 2014 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 $5.007 billion (31 December 2015 est.)
$4.591 billion (31 December 2014 est.)
Sudan $8.345 billion (31 December 2015 est.)
$8.024 billion (31 December 2014 est.)
Suriname $1.55 billion (31 December 2015 est.)
$1.409 billion (31 December 2014 est.)
Swaziland $317.1 million (31 December 2015 est.)
$367.8 million (31 December 2014 est.)
Sweden $272.7 billion (31 December 2015 est.)
$258.7 billion (31 December 2014 est.)
Switzerland $519.8 billion (31 December 2015 est.)
$514.1 billion (31 December 2014 est.)
Syria $4.009 billion (31 December 2015 est.)
$5.536 billion (31 December 2014 est.)
Taiwan $467.6 billion (31 December 2015 est.)
$451.2 billion (31 December 2014 est.)
Tajikistan $1.28 billion (31 December 2015 est.)
$1.42 billion (31 December 2014 est.)
Tanzania $3.957 billion (31 December 2015 est.)
$4.805 billion (31 December 2014 est.)
Thailand $49.13 billion (31 December 2015 est.)
$51.04 billion (31 December 2014 est.)
Timor-Leste $282.3 million (31 December 2015 est.)
$342.9 million (31 December 2014 est.)
Togo $983.4 million (31 December 2015 est.)
$1.036 billion (31 December 2014 est.)
Tonga $83.91 million (31 December 2015 est.)
$95.17 million (31 December 2014 est.)
Trinidad and Tobago $7.422 billion (31 December 2015 est.)
$6.907 billion (31 December 2014 est.)
Tunisia $12.32 billion (31 December 2015 est.)
$12.68 billion (31 December 2014 est.)
Turkey $99.09 billion (31 December 2015 est.)
$111.3 billion (31 December 2014 est.)
Turkmenistan $1.326 billion (31 December 2015 est.)
$1.255 billion (31 December 2014 est.)
Uganda $1.839 billion (31 December 2015 est.)
$2.396 billion (31 December 2014 est.)
Ukraine $17.16 billion (31 December 2015 est.)
$27.62 billion (31 December 2014 est.)
United Arab Emirates $130 billion (31 December 2015 est.)
$118.7 billion (31 December 2014 est.)
United Kingdom $109.5 billion (31 December 2015 est.)
$106.4 billion (31 December 2014 est.)
United States $3.121 trillion (31 December 2015 est.)
$2.807 trillion (31 December 2014 est.)
Uruguay $4.49 billion (31 December 2015 est.)
$4.89 billion (31 December 2014 est.)
Uzbekistan $8.504 billion (31 December 2015 est.)
$7.606 billion (31 December 2014 est.)
Vanuatu $267.5 million (31 December 2015 est.)
$270.3 million (31 December 2014 est.)
Venezuela $368.9 billion (31 December 2015 est.)
$314.1 billion (31 December 2014 est.)
Vietnam $63.48 billion (31 December 2015 est.)
$56.12 billion (31 December 2014 est.)
West Bank $278.6 million (31 December 2015 est.)
$227.1 million (31 December 2014 est.)
World $27.29 trillion (31 December 2015 est.)
$26.84 trillion (31 December 2014 est.)
Yemen $4.388 billion (31 December 2015 est.)
$5.256 billion (31 December 2014 est.)
Zambia $1.137 billion (31 December 2015 est.)
$2.118 billion (31 December 2014 est.)
Zimbabwe $76.2 billion (31 December 2015 est.)
$41.3 billion (31 December 2014 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