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
Country
Stock of narrow money
Afghanistan $5.928 billion (31 December 2011 est.)
$3.943 billion (31 December 2009 est.)
Albania $3.024 billion (31 December 2011 est.)
$2.648 billion (31 December 2010 est.)
Algeria $81.03 billion (31 December 2011 est.)
$75.24 billion (31 December 2010 est.)
Angola $12.19 billion (31 December 2011 est.)
$9.384 billion (31 December 2010 est.)
Anguilla $17.85 million (31 December 2011 est.)
$17.07 million (31 December 2010 est.)
Antigua and Barbuda $423 million (31 December 2011 est.)
$229.3 million (31 December 2010 est.)
Argentina $50.24 billion (31 December 2011 est.)
$43.68 billion (31 December 2010 est.)
Armenia $1.663 billion (31 December 2011 est.)
$1.201 billion (31 December 2010 est.)
Aruba $868.6 million (31 December 2011 est.)
$865 million (31 December 2009)
Australia $492.2 billion (31 December 2011 est.)
$421.7 billion (31 December 2010 est.)
Austria $176.5 billion (31 December 2011 est.)
$177.1 billion (31 December 2010 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 $12.21 billion (31 December 2011 est.)
$8.41 billion (31 December 2010 est.)
Bahamas, The $1.408 billion (31 December 2011 est.)
$1.335 billion (31 December 2010 est.)
Bahrain $7.013 billion (31 December 2011 est.)
$6.127 billion (31 December 2010 est.)
Bangladesh $13.06 billion (31 December 2011 est.)
$14.12 billion (31 December 2010 est.)
Barbados $1.876 billion (31 December 2011 est.)
$1.698 billion (31 December 2010 est.)
Belarus $4.211 billion (31 December 2011 est.)
$4.554 billion (31 December 2010 est.)
Belgium $170.4 billion (31 December 2011 est.)
$175.3 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
Belize $419.6 million (31 December 2011 est.)
$354 million (31 December 2010 est.)
Benin $1.715 billion (31 December 2011 est.)
$1.642 billion (31 December 2010 est.)
Bhutan $623.7 million (31 December 2011 est.)
$418.7 million (31 December 2010 est.)
Bolivia $8.216 billion (31 December 2011 est.)
$4.511 billion (31 December 2010 est.)
Bosnia and Herzegovina $4.82 billion (31 December 2011 est.)
$4.031 billion (31 December 2010 est.)
Botswana $1.153 billion (31 December 2011 est.)
$1.438 billion (31 December 2010 est.)
Brazil $153 billion (31 December 2011 est.)
$169.2 billion (31 December 2010 est.)
Brunei $3.504 billion (31 December 2011 est.)
$2.954 billion (31 December 2010 est.)
Bulgaria $13.91 billion (31 December 2011 est.)
$12.48 billion (31 December 2010 est.)
Burkina Faso $1.56 billion (31 December 2011 est.)
$1.343 billion (31 December 2010 est.)
Burma $8.531 billion (31 December 2011 est.)
$6.533 billion (31 December 2010 est.)
note: this number reflects the vastly overvalued official exchange rate of 5.38 kyat per dollar in 2007; at the unofficial black market rate of 1,305 kyat per dollar for 2007, the stock of kyats would equal only US$2.465 billion and Burma's velocity of money (the number of times money turns over in the course of a year) would be six, in line with the velocity of money for other countries in the region; in January-February 2011, the unofficial black market rate averaged 890 kyat per dollar.
Burundi $386.7 million (31 December 2011 est.)
$386.9 million (31 December 2010 est.)
Cambodia $1.67 billion (31 December 2011 est.)
$789.9 million (31 December 2010 est.)
Cameroon $3.259 billion (31 December 2011 est.)
$3.264 billion (31 December 2010 est.)
Canada $614.6 billion (31 December 2011 est.)
$572.3 billion (31 December 2010 est.)
Cape Verde $515.8 million (31 December 2011 est.)
$584.7 million (31 December 2010 est.)
Cayman Islands $334.3 million (31 December 2008)
Central African Republic $329.6 million (31 December 2011 est.)
$304.4 million (31 December 2010 est.)
Chad $1.235 billion (31 December 2011 est.)
$1.15 billion (31 December 2010 est.)
Chile $31.96 billion (31 December 2011 est.)
$34.39 billion (31 December 2010 est.)
China $4.6 trillion (31 December 2011 est.)
$4.046 trillion (31 December 2010 est.)
Colombia $34.25 billion (31 December 2011 est.)
$32.42 billion (31 December 2010 est.)
Comoros $128.4 million (31 December 2011 est.)
$115.8 million (31 December 2010 est.)
Congo, Democratic Republic of the $867.3 million (31 December 2011 est.)
$771.8 million (31 December 2010 est.)
Congo, Republic of the $3.341 billion (31 December 2011 est.)
$2.55 billion (31 December 2010 est.)
Costa Rica $10.31 billion (31 December 2011 est.)
$3.484 billion (31 December 2010 est.)
Cote d'Ivoire $6.198 billion (31 December 2011 est.)
$5.575 billion (31 December 2010 est.)
Croatia $9.282 billion (31 December 2011 est.)
$8.827 billion (31 December 2010 est.)
Cuba $11.1 billion (31 December 2011 est.)
$11.67 billion (31 December 2010 est.)
Cyprus $14.73 billion (31 December 2011 est.)
$4.622 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 $107.8 billion (31 December 2011 est.)
$107.8 billion (31 December 2010 est.)
Denmark $134.9 billion (31 December 2011 est.)
$156.3 billion (31 December 2010 est.)
Djibouti $692.6 million (31 December 2011 est.)
$716.2 million (31 December 2010 est.)
Dominica $82.86 million (31 December 2011 est.)
$71.37 million (31 December 2010 est.)
Dominican Republic $4.546 billion (31 December 2011 est.)
$4.237 billion (31 December 2010 est.)
Ecuador $8.202 billion (31 December 2011 est.)
$6.421 billion (31 December 2010 est.)
Egypt $49.27 billion (31 December 2011 est.)
$38.5 billion (31 December 2010 est.)
El Salvador $2.386 billion (31 December 2011 est.)
$2.433 billion (31 December 2010 est.)
Equatorial Guinea $1.936 billion (31 December 2011 est.)
$1.889 billion (31 December 2010 est.)
Eritrea $1.47 billion (31 December 2011 est.)
$1.169 billion (31 December 2010 est.)
Estonia $7.06 billion (31 December 2011 est.)
$6.614 billion (31 December 2010 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 $6.706 billion (31 December 2011 est.)
$4.684 billion (31 December 2010 est.)
European Union $5.542 trillion (31 December 2010)
$5.649 trillion (31 December 2009)
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 $1.099 billion (31 December 2011 est.)
$780.3 million (31 December 2010 est.)
Finland $115.5 billion (31 December 2011 est.)
$112.9 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
France $901.6 billion (31 December 2011 est.)
$887.2 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
Gabon $2.47 billion (31 December 2011 est.)
$1.87 billion (31 December 2010 est.)
Gambia, The $219.2 million (31 December 2011 est.)
$212.1 million (31 December 2010 est.)
Georgia $2.436 billion (31 December 2011 est.)
$1.312 billion (31 December 2010 est.)
Germany $1.777 trillion (31 December 2011 est.)
$1.747 trillion (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
Ghana $7.781 billion (31 December 2011 est.)
$4.529 billion (31 December 2010 est.)
Greece $126.4 billion (31 December 2011 est.)
$151.1 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
Grenada $173.5 million (31 December 2011 est.)
$126.8 million (31 December 2010 est.)
Guatemala $9.306 billion (31 December 2011 est.)
$6.806 billion (31 December 2010 est.)
Guinea $506.2 million (31 December 2011 est.)
$486.2 million (31 December 2010 est.)
Guinea-Bissau $308.7 million (31 December 2011 est.)
$213.6 million (31 December 2010 est.)
Guyana $557.5 million (31 December 2011 est.)
$397.2 million (31 December 2010 est.)
Haiti $1.786 billion (31 December 2011 est.)
$833.1 million (31 December 2010 est.)
Honduras $2.488 billion (31 December 2011 est.)
$1.917 billion (31 December 2010 est.)
Hong Kong $143.8 billion (31 December 2011 est.)
$130.4 billion (31 December 2010)
Hungary $30.51 billion (31 December 2011 est.)
$31.8 billion (31 December 2010 est.)
Iceland $4.123 billion (31 December 2011 est.)
$4.31 billion (31 December 2010 est.)
India $305.7 billion (31 December 2011 est.)
$340.1 billion (31 December 2010 est.)
Indonesia $96.63 billion (31 December 2011 est.)
$67.34 billion (31 December 2010 est.)
Iran $54.88 billion (31 December 2011 est.)
$50.15 billion (31 December 2010 est.)
Iraq $53.52 billion (31 December 2011 est.)
$44.22 billion (31 December 2010 est.)
Ireland $118.3 billion (31 December 2011 est.)
$124.5 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
Israel $30.21 billion (31 December 2011 est.)
$31.29 billion (31 December 2010 est.)
Italy $1.147 trillion (31 December 2011 est.)
$1.205 trillion (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
Jamaica $1.962 billion (31 December 2011 est.)
$1.797 billion (31 December 2010 est.)
Japan $6.97 trillion (31 December 2011 est.)
$6.045 trillion (31 December 2010 est.)
Jordan $10.18 billion (31 December 2011 est.)
$9.238 billion (31 December 2010 est.)
Kazakhstan $31.6 billion (31 December 2011 est.)
$21.14 billion (31 December 2010 est.)
Kenya $8.913 billion (31 December 2011 est.)
$7.148 billion (31 December 2010 est.)
Korea, South $369.6 billion (31 December 2011 est.)
$352 billion (31 December 2010 est.)
Kuwait $26.31 billion (31 December 2011 est.)
$20.05 billion (31 December 2010 est.)
Kyrgyzstan $1.372 billion (31 December 2011 est.)
$1.051 billion (31 December 2010 est.)
Laos $995.9 million (31 December 2011 est.)
$787.9 million (31 December 2010 est.)
Latvia $8.009 billion (31 December 2011 est.)
$7.186 billion (31 December 2010 est.)
Lebanon $4.072 billion (31 December 2011 est.)
$3.8 billion (31 December 2010 est.)
Lesotho $346.5 million (31 December 2011 est.)
$752.3 million (31 December 2010 est.)
Liberia $431.7 million (31 December 2011 est.)
$301.3 million (31 December 2010 est.)
Libya $38.49 billion (31 December 2011 est.)
$31.95 billion (31 December 2010 est.)
Lithuania $11.72 billion (31 December 2011 est.)
$10.63 billion (31 December 2010 est.)
Luxembourg $122.7 billion (31 December 2011 est.)
$93.37 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
Macau $4.482 billion (31 December 2011 est.)
$4.24 billion (31 December 2010 est.)
Macedonia $1.792 billion (31 December 2011 est.)
$1.239 billion (31 December 2010 est.)
Madagascar $1.444 billion (31 December 2011 est.)
$1.22 billion (31 December 2010 est.)
Malawi $818.3 million (31 December 2011 est.)
$677.1 million (31 December 2010 est.)
Malaysia $85.91 billion (31 December 2011 est.)
$72.77 billion (31 December 2010 est.)
Maldives $974.9 million (31 December 2011 est.)
$581 million (31 December 2009)
Mali $2.156 billion (31 December 2011 est.)
$1.88 billion (31 December 2010 est.)
Malta $6.952 billion (31 December 2011 est.)
$7.046 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
Mauritius $3.188 billion (31 December 2011 est.)
$2.1 billion (31 December 2010 est.)
Mexico $151.4 billion (31 December 2011 est.)
$148.4 billion (31 December 2010 est.)
Micronesia, Federated States of $27.22 million (31 December 2011 est.)
$21.21 million (31 December 2008)
Moldova $1.777 billion (31 December 2011 est.)
$1.293 billion (31 December 2010 est.)
Mongolia $1.806 billion (31 December 2011 est.)
$921.3 million (31 December 2010 est.)
Montenegro $749 million (31 December 2011 est.)
$1.172 billion (31 December 2007)
Montserrat $15.25 million (31 December 2011 est.)
$13.12 million (31 December 2010 est.)
Morocco $64.75 billion (31 December 2011 est.)
$66.1 billion (31 December 2010 est.)
Mozambique $3.575 billion (31 December 2011 est.)
$2.736 billion (31 December 2010 est.)
Namibia $3.42 billion (31 December 2011 est.)
$3.653 billion (31 December 2010 est.)
Nepal $2.696 billion (31 December 2011 est.)
$2.93 billion (31 December 2010 est.)
Netherlands $367.2 billion (31 December 2011 est.)
$375.5 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
New Zealand $22.14 billion (31 December 2011 est.)
$20.56 billion (31 December 2010 est.)
Nicaragua $1.189 billion (31 December 2011 est.)
$1.229 billion (31 December 2010 est.)
Niger $939.6 million (31 December 2011 est.)
$917.7 million (31 December 2010 est.)
Nigeria $38.87 billion (31 December 2011 est.)
$34.65 billion (31 December 2010 est.)
Norway $137.4 billion (31 December 2011 est.)
$134.6 billion (31 December 2010 est.)
Oman $8.955 billion (31 December 2011 est.)
$7.48 billion (31 December 2010 est.)
Pakistan $56.34 billion (31 December 2011 est.)
$62.02 billion (30 June 2010)
Panama $6.228 billion (31 December 2011 est.)
$5.23 billion (31 December 2010 est.)
Papua New Guinea $4.488 billion (31 December 2011 est.)
$2.893 billion (31 December 2010 est.)
Paraguay $4.758 billion (31 December 2011 est.)
$3.151 billion (31 December 2010 est.)
Peru $25.35 billion (31 December 2011 est.)
$21.69 billion (31 December 2010 est.)
Philippines $34.72 billion (31 December 2011 est.)
$29.03 billion (31 December 2010 est.)
Poland $136.9 billion (31 December 2011 est.)
$151.5 billion (31 December 2010 est.)
Portugal $89.42 billion (31 December 2011 est.)
$95.9 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
Qatar $31.13 billion (31 December 2011 est.)
$18.77 billion (31 December 2010 est.)
Romania $25.7 billion (31 December 2011 est.)
$25.47 billion (31 December 2010 est.)
Russia $398.2 billion (31 December 2011 est.)
$268.7 billion (31 December 2010 est.)
Rwanda $592.2 million (31 December 2011 est.)
$529.1 million (31 December 2010 est.)
Saint Kitts and Nevis $317.5 million (31 December 2011 est.)
$145 million (31 December 2010 est.)
Saint Lucia $311.1 million (31 December 2011 est.)
$238.7 million (31 December 2010 est.)
Saint Vincent and the Grenadines $154.6 million (31 December 2011 est.)
$128 million (31 December 2010 est.)
Samoa $110.4 million (31 December 2011 est.)
$105.7 million (31 December 2010 est.)
San Marino $NA (31 December 2011)
$1.326 billion (31 December 2007)
Sao Tome and Principe $57.88 million (31 December 2011 est.)
$30.67 million (31 December 2010 est.)
Saudi Arabia $203 billion (31 December 2011 est.)
$166.8 billion (31 December 2010 est.)
Senegal $3.254 billion (31 December 2011 est.)
$3.162 billion (31 December 2010 est.)
Serbia $5.783 billion (31 December 2011 est.)
$3.195 billion (31 December 2010 est.)
Seychelles $461.3 million (31 December 2011 est.)
$319.9 million (31 December 2010 est.)
Sierra Leone $276.2 million (31 December 2011 est.)
$249.7 million (31 December 2010 est.)
Singapore $99.27 billion (31 December 2011 est.)
$82.48 billion (31 December 2010 est.)
Slovakia $37.49 billion (31 December 2011 est.)
$35.41 billion (31 December 2010 est.)
note: this figure represents the US dollar value of Slovak koruny in circulation prior to Slovakia 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 Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Slovenia $16.03 billion (31 December 2011 est.)
$11.28 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 $254.5 million (31 December 2011 est.)
$166 million (31 December 2010 est.)
South Africa $117.3 billion (31 December 2011 est.)
$131 billion (31 December 2010 est.)
Spain $778.1 billion (31 December 2011 est.)
$811 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
Sri Lanka $3.867 billion (31 December 2011 est.)
$3.67 billion (31 December 2010 est.)
Sudan $9.925 billion (31 December 2011 est.)
$8.027 billion (31 December 2010 est.)
Suriname $1.068 billion (31 December 2011 est.)
$716.2 million (31 December 2010 est.)
Swaziland $353.9 million (31 December 2011 est.)
$384.3 million (31 December 2010 est.)
Sweden $229.1 billion (31 December 2011 est.)
$235.6 billion (31 December 2010 est.)
Switzerland $463 billion (31 December 2011 est.)
$412.2 billion (31 December 2010 est.)
Syria $22.37 billion (31 December 2011 est.)
$22.78 billion (31 December 2010 est.)
Taiwan $366.4 billion (31 December 2011 est.)
$377.3 billion (31 December 2010 est.)
Tajikistan $1.352 billion (31 December 2011 est.)
$878.5 million (31 December 2010 est.)
Tanzania $4.964 billion (31 December 2011 est.)
$3.223 billion (31 December 2010 est.)
Thailand $43.18 billion (31 December 2011 est.)
$44.1 billion (31 December 2010 est.)
Timor-Leste $162.7 million (31 December 2011 est.)
$141.4 million (31 December 2010 est.)
Togo $982 million (31 December 2011 est.)
$854.3 million (31 December 2010 est.)
Tonga $50.96 million (31 December 2011 est.)
$54.37 million (31 December 2010 est.)
Trinidad and Tobago $5.073 billion (31 December 2011 est.)
$4.565 billion (31 December 2010 est.)
Tunisia $13.16 billion (31 December 2011 est.)
$11.44 billion (31 December 2010 est.)
Turkey $95.47 billion (31 December 2011 est.)
$58.27 billion (31 December 2010 est.)
Turkmenistan $471.9 million (31 December 2011 est.)
$435.1 million (31 December 2010 est.)
Uganda $2.553 billion (31 December 2011 est.)
$2.041 billion (31 December 2010 est.)
Ukraine $45.43 billion (31 December 2011 est.)
$36.41 billion (31 December 2010 est.)
United Arab Emirates $71.92 billion (31 December 2011 est.)
$63.43 billion (31 December 2010 est.)
United Kingdom $92.77 billion (31 December 2011 est.)
$88.88 billion (31 December 2010 est.)
United States $2.324 trillion (31 December 2011 est.)
$1.742 trillion (31 December 2010 est.)
Uruguay $5 billion (31 December 2011 est.)
$3.944 billion (31 December 2010 est.)
Uzbekistan $5.073 billion (31 December 2011 est.)
$4.321 billion (31 December 2010 est.)
Vanuatu $239.6 million (31 December 2011 est.)
$126.8 million (31 December 2010 est.)
Venezuela $110.8 billion (31 December 2011 est.)
$117.8 billion (31 December 2010 est.)
Vietnam $32.94 billion (31 December 2011 est.)
$32.08 billion (31 December 2010 est.)
West Bank $379.8 million (31 December 2011 est.)
$232.6 million (31 December 2010 est.)
World $25.64 trillion (31 December 2011 est.)
$23.88 trillion (31 December 2010 est.)
Yemen $4.645 billion (31 December 2011 est.)
$3.679 billion (31 December 2010 est.)
Zambia $2.8 billion (31 December 2011 est.)
$1.455 billion (31 December 2010 est.)
Zimbabwe $6.586 billion (31 December 2011 est.)
$2.151 million (31 December 2008 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