Key information about United States M2 Growth

• United States Money Supply M2 increased 3.9 % YoY in Jan 2025, compared with a growth of 3.8 % in the previous month
• US Money Supply M2 growth data is updated monthly, available from Jan 1960 to Jan 2025
• The data reached an all-time high of 26.6 % in Feb 2021 and a record low of -4.6 % in Apr 2023

CEIC calculates M2 Growth Rate from monthly M2. Federal Reserve Board provides M2 in USD.


Further information about United States M2 Growth

• In the latest reports, US Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024
• US Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY
• The country's Non Performing Loans Ratio stood at 1.7 % in Dec 2024, compared with the ratio of 1.5 % in the previous quarter
• Household Debt of US reached 18,036.0 USD bn in Dec 2024, accounting for 61.7 % of the country's Nominal GDP

In 2020, the money supply growth in Sri Lanka was up approximately 23.4 percent from the previous year. In comparison, Timor-Leste registered a money supply growth rate of -5.4 percent in the year 2020. Additionally, 16 countries in the Asia Pacific region registered a money supply growth of more than 10 percent from the previous year.

Money Supply: Growth Rate: France Contribution: M2 data was reported at 5.980 % in Oct 2018. This records an increase from the previous number of 5.149 % for Sep 2018. Money Supply: Growth Rate: France Contribution: M2 data is updated monthly, averaging 5.866 % from Jan 1981 (Median) to Oct 2018, with 454 observations. The data reached an all-time high of 14.775 % in Feb 2008 and a record low of -2.700 % in Aug 1992. Money Supply: Growth Rate: France Contribution: M2 data remains active status in CEIC and is reported by Bank of France. The data is categorized under Global Database’s France – Table FR.KA001: Money Supply.

Until 2018 the money supply in the United Kingdom had been increasing faster than in the United States or Japan, reaching a year-on-year broad money growth rate of 5.3 percent in 2018. This compares to 4.07 percent in the United States and 2.43 percent in Japan for the same year. However, in 2019 the broad money supply in the United Kingdom declined by -1.34 percent, whereas it grew by almost 8.4 percent in the United States.

Broad money is the most inclusive method of calculating the money supply within a given economy.

It is likely that the global coronavirus (COVID-19) pandemic will impact the broad money supply across many countries as governments enact stimulus packages in response to the resulting economic downturn. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

Key information about European Union M2 Growth

• European Union Money Supply M2 increased 3.3 % YoY in Jan 2025, compared with a growth of 3.1 % in the previous month
• EU Money Supply M2 growth data is updated monthly, available from Jan 1981 to Jan 2025
• The data reached an all-time high of 11.8 % in Oct 2007 and a record low of -2.3 % in Sep 2023

CEIC calculates M2 Growth Rate from monthly M2. European Central Bank provides M2 in EUR. M2 Growth Rate covers Euro Area 19 only

At the end of 2024, the M2 broad money supply in China amounted to over *** trillion yuan. Broad money supply had been growing consistently over the years. However, the overall growth rate of all money supply had been decreasing. Money is not money? In economic theory, the money supply describes the volume of currency that exists in a country. Even though it might sound counterintuitive, there are different types of money. For example, cash, saving deposits, or other liquid assets are then divided into tiers from M1 to M3. Thereby, M2 money or broad money comprised of cash and assets that can easily be converted into cash. The main application of M2 money is making payments and economic transactions. For mainstream economists, the volume of M1 and M2 money can indicate inflation. The mysterious case of money expansion in China The post-pandemic economic recovery has not materialized as the growth in the M2 money supply would have indicated in China. As a consequence of global anti-COVID-19 measures, China’s economic growth fell far below the country’s development targets. After another underperforming year in 2022, the M2 money supply grew by almost ** percent in the first quarter of 2023, but the GDP increased only by *** percent, which indicated that the money does not reach the real economy. Therefore, the Chinese economy could be in a liquidity trap or a balance sheet recession.

United States US: Broad Money: Average Annual Growth Rate data was reported at 3.760 % in 2016. This records an increase from the previous number of 3.408 % for 2015. United States US: Broad Money: Average Annual Growth Rate data is updated yearly, averaging 8.143 % from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 13.955 % in 1971 and a record low of -2.741 % in 2010. United States US: Broad Money: Average Annual Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.; ; International Monetary Fund, International Financial Statistics and data files.; ;

The M4 money supply reached nearly grew by 100 billion GBP over the course of 2020, continuing its growth despite COVID-19. Money supply is understood as the entire stock of currency and other liquid financial instruments circulating in the economy of the country at the particular point in time. Money supply can be measured in various ways: one of these is M4 measure. It is also called a "broad money aggregate", as it is based on the most inclusive methods of calculating a country's money supply, it results in the broadest estimate. The formula for calculation varies to a degree between countries, but the general rule is to include the totality of assets that households and businesses use to make payments and to hold as short-term investments. In the United Kingdom, this measure includes currency (notes and coin), funds in bank accounts: sterling deposits, commercial papers, bonds, claims on MFIs arising from repos, estimated holdings of sterling bank bills and other categories.

Money Supply M2 in France decreased to 3013397 EUR Million in May from 3015602 EUR Million in April of 2025. This dataset provides - France Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Argentina M2 Growth

• Argentina Money Supply M2 increased 114.5 % YoY in Dec 2024, compared with a growth of 222.6 % in the previous month
• Argentina Money Supply M2 growth data is updated monthly, available from Jan 1991 to Dec 2024
• The data reached an all-time high of 645.4 % in Jan 1991 and a record low of -25.1 % in Nov 2001

CEIC calculates M2 Growth Rate from monthly M2. The Central Bank of Argentina provides M2 in local currency.


Further information about Argentina M2 Growth

• In the latest reports, Argentina Foreign Exchange Reserves was measured at 24.3 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 3.7 Months of Import in May 2023
• Argentina Domestic Credit reached 188.7 USD bn in Nov 2024, representing an increased of 115.0 % YoY
• The country's Non Performing Loans Ratio stood at 1.5 % in Nov 2024, compared with the ratio of 1.5 % in the previous month
• Household Debt of Argentina reached 26.2 USD bn in Nov 2024, accounting for 4.5 % of the country's Nominal GDP

Brazil BR: Broad Money: Average Annual Growth Rate data was reported at 14.691 % in 2023. This records an increase from the previous number of 12.750 % for 2022. Brazil BR: Broad Money: Average Annual Growth Rate data is updated yearly, averaging 35.484 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 3,280.653 % in 1993 and a record low of 4.190 % in 2017. Brazil BR: Broad Money: Average Annual Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.;International Monetary Fund, International Financial Statistics and data files.;;

Money Supply: Growth Rate: France Contribution: M1 data was reported at 5.792 % in Sep 2018. This records a decrease from the previous number of 7.694 % for Aug 2018. Money Supply: Growth Rate: France Contribution: M1 data is updated monthly, averaging 6.974 % from Dec 1978 (Median) to Sep 2018, with 478 observations. The data reached an all-time high of 15.933 % in Sep 2017 and a record low of -4.430 % in Dec 1991. Money Supply: Growth Rate: France Contribution: M1 data remains active status in CEIC and is reported by Bank of France. The data is categorized under Global Database’s France – Table FR.KA001: Money Supply.

Venezuela VE: Broad Money: Average Annual Growth Rate data was reported at 58.843 % in 2013. This records an increase from the previous number of 53.290 % for 2012. Venezuela VE: Broad Money: Average Annual Growth Rate data is updated yearly, averaging 20.380 % from Dec 1961 (Median) to 2013, with 53 observations. The data reached an all-time high of 72.736 % in 2006 and a record low of -0.033 % in 1966. Venezuela VE: Broad Money: Average Annual Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Key information about Germany M2 Growth

• Germany Money Supply M2 increased 3.7 % YoY in Jan 2025, compared with a growth of 3.9 % in the previous month
• Germany Money Supply M2 growth data is updated monthly, available from Jan 1970 to Jan 2025
• The data reached an all-time high of 27.0 % in Jan 1991 and a record low of -7.5 % in Apr 1995

CEIC calculates M2 Growth Rate from monthly M2. Deutsche Bundesbank provides M2 in EUR. Germany is part of the Euro Area and the reported figure corresponds to its contribution to the Euro money supply. Since January 1995, data is not fully comparable with data of previous periods as 'Resident' refers to the residents of Germany and of other euro area member states (before that Germany only). M2 Growth Rate prior to January 1996 is sourced from the International Monetary Fund.


Further information about Germany M2 Growth

• In the latest reports, Germany Foreign Exchange Reserves was measured at 36.7 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 0.3 Months of Import in Dec 2024
• Germany Domestic Credit reached 6,397.0 USD bn in Nov 2024, representing an drop of 2.2 % YoY
• The country's Non Performing Loans Ratio stood at 1.2 % in Dec 2022, compared with the ratio of 1.1 % in the previous year
• Household Debt of Germany reached 2,400.6 USD bn in Sep 2024, accounting for 50.3 % of the country's Nominal GDP

Key information about Hong Kong SAR (China) M2 Growth

• Hong Kong SAR (China) Money Supply M2 increased 9.6 % YoY in Jan 2025, compared with a growth of 7.3 % in the previous month
• Hong Kong SAR (China) Money Supply M2 growth data is updated monthly, available from Dec 1981 to Jan 2025
• The data reached an all-time high of 86.8 % in Oct 1982 and a record low of -6.1 % in Oct 2008

CEIC calculates M2 Growth Rate from monthly M2. Hong Kong Monetary Authority provides M2 in local currency.


Further information about Hong Kong SAR (China) M2 Growth

• In the latest reports, Hong Kong SAR (China) Foreign Exchange Reserves was measured at 421.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 9.3 Months of Import in May 2023
• Hong Kong SAR (China) Domestic Credit reached 1,011.8 USD bn in Oct 2024, representing an drop of 0.2 % YoY
• The country's Non Performing Loans Ratio stood at 2.2 % in Dec 2024, compared with the ratio of 2.2 % in the previous quarter
• Household Debt of Hong Kong SAR (China) reached 359.2 USD bn in Dec 2024, accounting for 87.8 % of the country's Nominal GDP

Iran IR: Broad Money: Average Annual Growth Rate data was reported at 27.959 % in 2016. This records an increase from the previous number of 24.368 % for 2015. Iran IR: Broad Money: Average Annual Growth Rate data is updated yearly, averaging 25.638 % from Dec 1961 (Median) to 2016, with 53 observations. The data reached an all-time high of 43.897 % in 1976 and a record low of 9.737 % in 1961. Iran IR: Broad Money: Average Annual Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iran – Table IR.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Key information about South Korea M2 Growth

• South Korea Money Supply M2 increased 6.7 % YoY in Dec 2024, compared with a growth of 6.2 % in the previous month
• South Korea Money Supply M2 growth data is updated monthly, available from Jan 1971 to Dec 2024
• The data reached an all-time high of 50.1 % in Oct 1977 and a record low of 1.2 % in May 2000

CEIC calculates M2 Growth Rate from monthly M2. The Bank of Korea provides M2 in local currency.


Further information about South Korea M2 Growth

• In the latest reports, South Korea Foreign Exchange Reserves was measured at 387.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025
• South Korea Domestic Credit reached 3,443.0 USD bn in Nov 2024, representing an increased of 5.0 % YoY
• The country's Non Performing Loans Ratio stood at 0.4 % in Sep 2024, compared with the ratio of 0.4 % in the previous quarter
• Household Debt of South Korea reached 1,742.9 USD bn in Mar 2023, accounting for 93.7 % of the country's Nominal GDP

Gambia GM: Broad Money: Average Annual Growth Rate data was reported at 9.004 % in 2014. This records a decrease from the previous number of 14.612 % for 2013. Gambia GM: Broad Money: Average Annual Growth Rate data is updated yearly, averaging 14.014 % from Dec 1965 (Median) to 2014, with 50 observations. The data reached an all-time high of 51.343 % in 1985 and a record low of -12.114 % in 1977. Gambia GM: Broad Money: Average Annual Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Gambia – Table GM.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Australia Broad Money: Average Annual Growth Rate data was reported at 3.933 % in 2023. This records a decrease from the previous number of 7.841 % for 2022. Australia Broad Money: Average Annual Growth Rate data is updated yearly, averaging 9.527 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 31.016 % in 1989 and a record low of 1.182 % in 1991. Australia Broad Money: Average Annual Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.;International Monetary Fund, International Financial Statistics and data files.;;

Key information about Japan M2 Growth

• Japan Money Supply M2 increased 1.1 % YoY in Feb 2025, compared with a growth of 1.3 % in the previous month
• Japan Money Supply M2 growth data is updated monthly, available from Jan 1968 to Feb 2025
• The data reached an all-time high of 28.5 % in Nov 1972 and a record low of -0.6 % in Oct 1992

CEIC calculates M2 Growth Rate from monthly M2. The Bank of Japan provides M2 in local currency. Average M2 is used. M2 Growth Rate prior to April 2004 includes Certificates of Deposits and prior to April 1999 excludes Foreign Banks.


Further information about Japan M2 Growth

• In the latest reports, Japan Foreign Exchange Reserves was measured at 1,108.4 USD bn in Feb 2025
• The Foreign Exchange Reserves equaled 16.2 Months of Import in Jan 2025
• Japan Domestic Credit reached 11,754.7 USD bn in Dec 2024, representing an increased of 1.3 % YoY
• The country's Non Performing Loans Ratio stood at 1.2 % in Sep 2024, compared with the ratio of 1.3 % in the previous half a year
• Household Debt of Japan reached 2,739.5 USD bn in Sep 2024, accounting for 65.1 % of the country's Nominal GDP