The total value of currency in circulation in the United States reached approximately 2.3 trillion U.S. dollars in 2023, marking a slight increase from the previous year. Over the observed period, the value of currency rose steadily, with a notable spike in 2020. In 2023, the overall value of 100-dollar bills in circulation accounted for 1.89 trillion U.S. dollars.

The total value of U.S. dollars in circulation saw significant growth between 2000 and 2023, with 100-dollar bills making up the bulk of the total. By December 31, 2023, the value of 100-dollar bills in circulation surpassed 1.8 trillion U.S. dollars. In comparison, the total value of U.S. currency in circulation in 2023 was around 2.3 trillion U.S. dollars.

Graph and download economic data for Currency in Circulation (CURRCIR) from Aug 1917 to Feb 2025 about currency and USA.

United States - Currency in Circulation was 2351.51200 Bil. of $ in February of 2025, according to the United States Federal Reserve. Historically, United States - Currency in Circulation reached a record high of 2361.93200 in December of 2024 and a record low of 3.71400 in August of 1917. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Currency in Circulation - last updated from the United States Federal Reserve on March of 2025.

In 2023, there were a total of 54.6 billion U.S. dollar notes in circulation, roughly 500 million more than in the previous year. Of these, 18.9 billion were 100-dollar bills, which had the highest volume in circulation. This was followed by the one-dollar bill, with 14.5 billion in circulation. During the observed period, the largest increase in the volume of currency in circulation occurred in 2020, as part of the quantitative easing measures introduced by the Federal Reserve.

Graph and download economic data for Monetary Base: Currency in Circulation from Jan 1959 to Feb 2025 about monetary base, currency, and USA.

In 2023, there were 54.6 billion notes in circulation in the United States, a slight increase compared to the previous year. During the observed period, the largest increase in the volume of currency in circulation occurred in 2020, when the volume rose from 44.9 billion to 50.3 billion. In terms of denomination, the 100-dollar banknotes had the highest volume, with 18.9 billion.

The annual value of new banknotes printed in the United States varied significantly between 2002 and 2023, showing a clear downward trend in recent years. The peak was in 2012, when the Bureau of Engraving and Printing produced banknotes valued at 386.6 billion U.S. dollars. During the quantitative easing of 2021, 319.7 billion U.S. dollars worth of banknotes were printed, marking the third-highest figure within the period. By 2023, the value of new banknotes printed had dropped by half, reaching 162.4 billion U.S. dollars. At the same time, the value of currency in circulation reached 2.29 trillion U.S. dollars in 2023.

Graph and download economic data for Volume of Currency in Circulation: $2 (CURRVOL2) from 1994 to 2023 about notes, currency, and USA.

Graph and download economic data for Volume of Currency in Circulation: $20 (CURRVOL20) from 1994 to 2023 about notes, currency, and USA.

The market size of currency circulating in the United States economy made up nearly ten percent of the country's GDP. This so-called CIC/GDP ratio is meant to roughly measure the use of cash money in the country. Due to the anonymity of cash transactions, sources struggle to find exact volumes on this. The ratio mentioned here is quite popular in that regard, as the data it needs is relatively easy to find. Some industry experts mention, however, that this ratio is too general and does not necessarily reflect retail payments. In the case of the United States, another issue may come into play: During the coronavirus pandemic, the Federal Reserve pumped significant amounts of cash money into the American economy. This may potentially reflected in the growing ratio observed here.

United States - Value of Currency in Circulation: $1 was 14.50000 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Value of Currency in Circulation: $1 reached a record high of 14.50000 in January of 2023 and a record low of 5.70000 in January of 1993. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Value of Currency in Circulation: $1 - last updated from the United States Federal Reserve on March of 2025.

The annual volume of new banknotes printed in the United States has fluctuated since 2002. In 2022, six billion banknotes were printed by the Bureau of Engraving and Printing in the United States. This was the second lowest volume of banknotes printed during the observed period. At the same time, the total volume of currency in circulation increased steadily throughout the observed period and exceeded 54 billion banknotes in 2022.

The monetary base of the United States amounted to roughly 5.8 trillion U.S. dollars as of December 31, 2023, which was a slight increase compared to the previous year. The monetary base includes all physical paper and coin currency in circulation, plus bank reserves held by the central bank. In 2023, around 60 percent (3.5 trillion U.S. dollars) of the monetary base derived from reserve balances, and 40 percent (2.3 trillion U.S. dollars) from the currency in circulation.

Graph and download economic data for Value of Currency in Circulation: $500 to $10,000 (CURRVAL500) from 1993 to 2023 about notes, currency, and USA.

Graph and download economic data for Volume of Currency in Circulation: $50 (CURRVOL50) from 1994 to 2023 about notes, currency, and USA.

Graph and download economic data for Volume of Currency in Circulation: $1 (CURRVOL1) from 1994 to 2023 about notes, currency, and USA.

Money Supply M0 in the United States decreased to 5614000 USD Million in February from 5614200 USD Million in January of 2025. This dataset provides - United States Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States - Volume of Currency in Circulation: $20 was 11.20000 Bil. of Notes in January of 2023, according to the United States Federal Reserve. Historically, United States - Volume of Currency in Circulation: $20 reached a record high of 11.90000 in January of 2021 and a record low of 4.00000 in January of 1994. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Volume of Currency in Circulation: $20 - last updated from the United States Federal Reserve on March of 2025.

As of 2024, Algeria circulated the highest amount of cash in Africa compared to other countries on the continent. In the said year, currency in the value of nearly 60 billion U.S. dollars was in circulation in the country. Moreover, according to recent data, banknotes and coins in circulation in Morocco and Egypt added up to around 37.2 billion U.S. dollars (2022) and 23 billion U.S. dollars (2023), respectively. Currency in circulation refers to the amount of physical cash available to carry out transactions in a country.