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 $3.355 billion (31 December 2014 est.)
$2.791 billion (31 December 2013 est.)
Algeria $109 billion (31 December 2014 est.)
$105.6 billion (31 December 2013 est.)
Angola $30.11 billion (31 December 2014 est.)
$26.52 billion (31 December 2013 est.)
Anguilla $19.08 million (31 December 2014 est.)
$15.95 million (31 December 2013 est.)
Antigua and Barbuda $234.1 million (31 December 2014 est.)
$221.2 million (31 December 2013 est.)
Argentina $62.87 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 $990.2 million (31 December 2014 est.)
$957.2 million (31 December 2013 est.)
Australia $227.2 billion (31 December 2014 est.)
$226.6 billion (31 December 2013 est.)
Austria $191.8 billion (31 December 2014 est.)
$204.7 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
Azerbaijan $16.36 billion (31 December 2014 est.)
$16.24 billion (31 December 2013 est.)
Bahamas, The $1.996 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 $19.01 billion (31 December 2014 est.)
$16.54 billion (31 December 2013 est.)
Barbados $1.82 billion (31 December 2014 est.)
$1.755 billion (31 December 2013 est.)
Belarus $3.524 billion (31 December 2014 est.)
$3.901 billion (31 December 2013 est.)
Belgium $182.5 billion (31 December 2014 est.)
$181.8 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
Belize $657 million (31 December 2014 est.)
$561 million (31 December 2013 est.)
Benin $2.336 billion (31 December 2014 est.)
$2.268 billion (31 December 2013 est.)
Bermuda $3.374 billion (30 September 2014)
$3.422 billion (31 December 2013)
note: figures do not include US dollars, which also circulate freely
Bhutan $683.7 million (31 December 2014 est.)
$550.6 million (31 December 2013 est.)
Bolivia $8.386 billion (31 December 2014 est.)
$7.312 billion (31 December 2013 est.)
Bosnia and Herzegovina $4.538 billion (31 December 2014 est.)
$4.721 billion (31 December 2013 est.)
Botswana $1.388 billion (31 December 2014 est.)
$1.435 billion (31 December 2013 est.)
Brazil $132.4 billion (31 December 2014 est.)
$147.1 billion (31 December 2013 est.)
Brunei $3.327 billion (31 December 2014 est.)
$3.517 billion (31 December 2013 est.)
Bulgaria $19.34 billion (31 December 2014 est.)
$19.05 billion (31 December 2013 est.)
Burkina Faso $1.969 billion (31 December 2014 est.)
$2.088 billion (31 December 2013 est.)
Burma $14.07 billion (31 December 2014 est.)
$12.38 billion (31 December 2013 est.)
Burundi $412.4 million (31 December 2014 est.)
$375.2 million (31 December 2013 est.)
Cabo Verde $597.6 million (31 December 2014 est.)
$597.6 million (31 December 2013 est.)
Cambodia $1.482 billion (31 December 2014 est.)
$1.194 billion (31 December 2013 est.)
Cameroon $3.65 billion (31 December 2014 est.)
$3.784 billion (31 December 2013 est.)
Canada $629.6 billion (31 December 2014 est.)
$638.7 billion (31 December 2013 est.)
Cayman Islands $334.3 million (31 December 2008)
Central African Republic $376.7 million (31 December 2014 est.)
$367.6 million (31 December 2013 est.)
Chad $1.751 billion (31 December 2014 est.)
$1.606 billion (31 December 2013 est.)
Chile $41.97 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 $39.27 billion (31 December 2014 est.)
$44.55 billion (31 December 2013 est.)
Comoros $133.3 million (31 December 2014 est.)
$159.4 million (31 December 2013 est.)
Congo, Democratic Republic of the $1.284 billion (31 December 2014 est.)
$1.137 billion (31 December 2013 est.)
Congo, Republic of the $4.223 billion (31 December 2014 est.)
$4.192 billion (31 December 2013 est.)
Cook Islands $38.99 million (31 December 2011 est.)
$38.99 million (31 December 2011 est.)
Costa Rica $4.643 billion (31 December 2014 est.)
$4.599 billion (31 December 2013 est.)
Cote d'Ivoire $7.785 billion (31 December 2014 est.)
$7.72 billion (31 December 2013 est.)
Croatia $10.07 billion (31 December 2014 est.)
$10.43 billion (31 December 2013 est.)
Cuba $965.2 million (31 December 2014 est.)
$13.72 billion (31 December 2013 est.)
Cyprus $4.382 billion (31 December 2014 est.)
$4.98 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 $122.8 billion (31 December 2014 est.)
$126.4 billion (31 December 2013 est.)
Denmark $154.7 billion (31 December 2014 est.)
$162.3 billion (31 December 2013 est.)
Djibouti $963.4 million (31 December 2014 est.)
$877 million (31 December 2013 est.)
Dominica $86.92 million (31 December 2014 est.)
$78.84 million (31 December 2013 est.)
Dominican Republic $5.488 billion (31 December 2014 est.)
$5.203 billion (31 December 2013 est.)
Ecuador $9.531 billion (31 December 2014 est.)
$9.274 billion (31 December 2013 est.)
Egypt $62.34 billion (31 December 2014 est.)
$53.71 billion (31 December 2013 est.)
El Salvador $2.92 billion (31 December 2014 est.)
$2.892 billion (31 December 2013 est.)
Equatorial Guinea $2.504 billion (31 December 2014 est.)
$3.386 billion (31 December 2013 est.)
Eritrea $2.129 billion (31 December 2014 est.)
$1.843 billion (31 December 2013 est.)
Estonia $10.19 billion (31 December 2014 est.)
$9.91 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 $9.981 billion (31 December 2014 est.)
$8.256 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, e.g., UK pounds, Danish kroner, and Czech koruny
Fiji $1.823 billion (31 December 2014 est.)
$1.816 billion (31 December 2013 est.)
Finland $118.8 billion (31 December 2014 est.)
$125.5 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 $989.7 billion (31 December 2014 est.)
$1.036 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 $2.448 billion (31 December 2014 est.)
$3.011 billion (31 December 2013 est.)
Gambia, The $186.2 million (31 December 2014 est.)
$211.6 million (31 December 2013 est.)
Gaza Strip see entry for West Bank
Georgia $2.415 billion (31 December 2014 est.)
$2.297 billion (31 December 2013 est.)
Germany $1.841 trillion (31 December 2014 est.)
$1.944 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 $5.64 billion (31 December 2014 est.)
$6.232 billion (31 December 2013 est.)
Greece $115.7 billion (31 December 2014 est.)
$126.9 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
Grenada $172.8 million (31 December 2014 est.)
$141.1 million (31 December 2013 est.)
Guatemala $9.19 billion (31 December 2014 est.)
$8.311 billion (31 December 2013 est.)
Guinea-Bissau $392.5 million (31 December 2014 est.)
$330 million (31 December 2013 est.)
Guinea $1.84 billion (31 December 2014 est.)
$1.825 billion (31 December 2013 est.)
Guyana $635.3 million (31 December 2014 est.)
$558.5 million (31 December 2013 est.)
Haiti $1.092 billion (31 December 2014 est.)
$1.132 billion (31 December 2013 est.)
Honduras $2.105 billion (31 December 2014 est.)
$1.934 billion (31 December 2013 est.)
Hong Kong $220.3 billion (31 December 2014 est.)
$194.9 billion (31 December 2013 est.)
Hungary $41.44 billion (31 December 2014 est.)
$41.25 billion (31 December 2013 est.)
Iceland $3.213 billion (31 December 2014 est.)
$4.122 billion (31 December 2013 est.)
India $345.6 billion (31 December 2014 est.)
$321.5 billion (31 December 2013 est.)
Indonesia $75.74 billion (31 December 2014 est.)
$72.78 billion (31 December 2013 est.)
Iran $42.59 billion (31 December 2014 est.)
$43.57 billion (31 December 2013 est.)
Iraq $62.31 billion (31 December 2014 est.)
$63.32 billion (31 December 2013 est.)
Ireland $143.5 billion (31 December 2014 est.)
$158.9 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
Israel $43.13 billion (31 December 2014 est.)
$39.39 billion (31 December 2013 est.)
Italy $999 billion (31 December 2014 est.)
$1.041 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 $3.156 billion (31 December 2014 est.)
$1.905 billion (31 December 2013 est.)
Japan $4.896 trillion (31 December 2014 est.)
$5.324 trillion (31 December 2013 est.)
Jordan $13 billion (31 December 2014 est.)
$11.84 billion (31 December 2013 est.)
Kazakhstan $16.35 billion (31 December 2014 est.)
$22.9 billion (31 December 2013 est.)
Kenya $10.34 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 $32.8 billion (31 December 2014 est.)
$31.86 billion (31 December 2013 est.)
Kyrgyzstan $1.061 billion (31 December 2014 est.)
$1.474 billion (31 December 2013 est.)
Laos $1.154 billion (31 December 2014 est.)
$1.095 billion (31 December 2013 est.)
Latvia $8.969 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 $353.7 million (31 December 2014 est.)
$380.2 million (31 December 2013 est.)
Liberia $449.7 million (31 December 2014 est.)
$461.4 million (31 December 2013 est.)
Libya $48.02 billion (31 December 2014 est.)
$49.61 billion (31 December 2013 est.)
Lithuania $14.67 billion (31 December 2014 est.)
$15.89 billion (31 December 2013 est.)
Luxembourg $211.9 billion (31 December 2014 est.)
$209.3 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 $7.678 billion (31 December 2014 est.)
$7.322 billion (31 December 2013 est.)
Macedonia $1.692 billion (31 December 2014 est.)
$1.569 billion (31 December 2013 est.)
Madagascar $1.506 billion (31 December 2014 est.)
$1.588 billion (31 December 2013 est.)
Malawi $549.8 million (31 December 2014 est.)
$454.7 million (31 December 2013 est.)
Malaysia $99.12 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 $2.612 billion (31 December 2014 est.)
$2.772 billion (31 December 2013 est.)
Malta $5.44 billion (31 December 2014 est.)
$5.858 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 $2.634 billion (31 December 2014 est.)
$2.562 billion (31 December 2013 est.)
Mexico $195.6 billion (31 December 2014 est.)
$192.2 billion (31 December 2013 est.)
Micronesia, Federated States of $196 million (31 December 2013 est.)
Moldova $1.718 billion (31 December 2014 est.)
$2.077 billion (31 December 2013 est.)
Mongolia $963.5 million (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 $16.69 million (31 December 2014 est.)
$19.86 million (31 December 2013 est.)
Morocco $73.27 billion (31 December 2014 est.)
$77.4 billion (31 December 2013 est.)
Mozambique $5.405 billion (31 December 2014 est.)
$4.851 billion (31 December 2013 est.)
Namibia $3.17 billion (31 December 2014 est.)
$3.23 billion (31 December 2013 est.)
Nepal $3.567 billion (31 December 2014 est.)
$3.351 billion (31 December 2013 est.)
Netherlands $388.6 billion (31 December 2014 est.)
$339.1 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
New Zealand $33.16 billion (31 December 2014 est.)
$32.71 billion (31 December 2013 est.)
Nicaragua $943.8 million (31 December 2014 est.)
$846.7 million (31 December 2013 est.)
Nigeria $40.69 billion (31 December 2014 est.)
$44.72 billion (31 December 2013 est.)
Niger $1.657 billion (31 December 2014 est.)
$1.486 billion (31 December 2013 est.)
Norway $120.7 billion (31 December 2014 est.)
$144.3 billion (31 December 2013 est.)
Oman $12.5 billion (31 December 2014 est.)
$10.28 billion (31 December 2013 est.)
Pakistan $79.67 billion (31 December 2014 est.)
$67.18 billion (31 December 2013 est.)
Panama $8.317 billion (31 December 2014 est.)
$6.347 billion (31 December 2013 est.)
Papua New Guinea $5.034 billion (31 December 2014 est.)
$4.975 billion (31 December 2013 est.)
Paraguay $4.806 billion (31 December 2014 est.)
$4.5 billion (31 December 2013 est.)
Peru $32.81 billion (31 December 2014 est.)
$32.64 billion (31 December 2013 est.)
Philippines $51.86 billion (31 December 2014 est.)
$46.07 billion (31 December 2014 est.)
Poland $172.9 billion (31 December 2014 est.)
$184.5 billion (31 December 2013 est.)
Portugal $66.76 billion (31 December 2014 est.)
$69.61 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 $34.14 billion (31 December 2014 est.)
$29.1 billion (31 December 2013 est.)
Romania $32.16 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 $820.3 million (31 December 2014 est.)
$739.5 million (31 December 2013 est.)
Saint Kitts and Nevis $215.6 million (31 December 2014 est.)
$193 million (31 December 2013 est.)
Saint Lucia $277.3 million (31 December 2014 est.)
$257.6 million (31 December 2013 est.)
Saint Vincent and the Grenadines $157.9 million (31 December 2014 est.)
$138.6 million (31 December 2013 est.)
Samoa $113.8 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 $54.91 million (31 December 2014 est.)
$59.57 million (31 December 2013 est.)
Saudi Arabia $304.8 billion (31 December 2014 est.)
$266.8 billion (31 December 2013 est.)
Senegal $3.931 billion (31 December 2014 est.)
$4.177 billion (31 December 2013 est.)
Serbia $4.332 billion (31 December 2014 est.)
$4.671 billion (31 December 2013 est.)
Seychelles $407.2 million (31 December 2014 est.)
$431.2 million (31 December 2013 est.)
Sierra Leone $431.9 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 $41.69 billion (31 December 2014 est.)
$42.8 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
Slovenia $12.85 billion (31 December 2014 est.)
$12.31 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 $360.5 million (31 December 2014 est.)
$366.7 million (31 December 2013 est.)
South Africa $107.5 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 $858.2 billion (31 December 2014 est.)
$868.8 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
Sri Lanka $4.591 billion (31 December 2014 est.)
$3.706 billion (31 December 2013 est.)
Sudan $8.024 billion (31 December 2014 est.)
$7.06 billion (31 December 2013 est.)
Suriname $1.409 billion (31 December 2014 est.)
$1.353 billion (31 December 2013 est.)
Swaziland $367.8 million (31 December 2014 est.)
$419.6 million (31 December 2013 est.)
Sweden $258.7 billion (31 December 2014 est.)
$287.1 billion (31 December 2013 est.)
Switzerland $514.1 billion (31 December 2014 est.)
$570.5 billion (31 December 2013 est.)
Syria $5.536 billion (31 December 2014 est.)
$6.884 billion (31 December 2013 est.)
Taiwan $451.2 billion (31 December 2014 est.)
$449.8 billion (31 December 2013 est.)
Tajikistan $1.42 billion (31 December 2014 est.)
$1.329 billion (31 December 2013 est.)
Tanzania $4.805 billion (31 December 2014 est.)
$4.573 billion (31 December 2013 est.)
Thailand $51.04 billion (31 December 2014 est.)
$50.63 billion (31 December 2013 est.)
Timor-Leste $342.9 million (31 December 2014 est.)
$279.5 million (31 December 2013 est.)
Togo $1.036 billion (31 December 2014 est.)
$1.084 billion (31 December 2013 est.)
Tonga $95.17 million (31 December 2014 est.)
$94.1 million (31 December 2013 est.)
Trinidad and Tobago $6.907 billion (31 December 2014 est.)
$6.205 billion (31 December 2013 est.)
Tunisia $12.68 billion (31 December 2014 est.)
$13.22 billion (31 December 2013 est.)
Turkey $111.3 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 $2.396 billion (31 December 2014 est.)
$2.269 billion (31 December 2013 est.)
Ukraine $27.62 billion (31 December 2014 est.)
$48.02 billion (31 December 2013 est.)
United Arab Emirates $118.7 billion (31 December 2014 est.)
$103.3 billion (31 December 2013 est.)
United Kingdom $106.4 billion (31 December 2014 est.)
$108.6 billion (31 December 2013 est.)
United States $2.807 trillion (31 December 2014 est.)
$2.545 trillion (31 December 2013 est.)
Uruguay $4.89 billion (31 December 2014 est.)
$5.455 billion (31 December 2013 est.)
Uzbekistan $7.606 billion (31 December 2014 est.)
$6.154 billion (31 December 2013 est.)
Vanuatu $270.3 million (31 December 2014 est.)
$272.1 million (31 December 2013 est.)
Venezuela $314.1 billion (31 December 2014 est.)
$192.3 billion (31 December 2013 est.)
Vietnam $56.12 billion (31 December 2014 est.)
$46.9 billion (31 December 2013 est.)
West Bank $227.1 million (31 December 2014 est.)
$213.5 million (31 December 2013 est.)
World $28.6 trillion (31 December 2014 est.)
$28.25 trillion (31 December 2013 est.)
Yemen $5.256 billion (31 December 2014 est.)
$5.196 billion (31 December 2013 est.)
Zambia $2.118 billion (31 December 2014 est.)
$2.369 billion (31 December 2013 est.)
Zimbabwe $41.3 billion (31 December 2014 est.)
$22.68 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