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Field Listing :: Stock of narrow money
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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.)
$5.307 billion (31 December 2010 est.)
Albania $2.657 billion (31 December 2012 est.)
$2.575 billion (31 December 2011 est.)
Algeria $98.36 billion (31 December 2012 est.)
$93.9 billion (31 December 2011 est.)
Angola $13.31 billion (31 December 2012 est.)
$12.19 billion (31 December 2011 est.)
Anguilla $17.16 million (31 December 2012 est.)
$16.83 million (31 December 2011 est.)
Antigua and Barbuda $208.9 million (31 December 2012 est.)
$223.4 million (31 December 2011 est.)
Argentina $65.57 billion (31 December 2012 est.)
$50.25 billion (31 December 2011 est.)
Armenia $1.352 billion (31 December 2012 est.)
$1.332 billion (31 December 2011 est.)
Aruba $868.5 million (31 December 2011 est.)
$868.5 million (31 December 2011 est.)
Australia $534.8 billion (31 December 2012 est.)
$475.9 billion (31 December 2011 est.)
Austria $201 billion (31 December 2012 est.)
$176.5 billion (31 December 2011 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 $14.15 billion (31 December 2012 est.)
$11.22 billion (31 December 2011 est.)
Bahamas, The $1.575 billion (31 December 2012 est.)
$1.435 billion (31 December 2011 est.)
Bahrain $7.777 billion (31 December 2012 est.)
$7.013 billion (31 December 2011 est.)
Bangladesh $14.85 billion (31 December 2012 est.)
$13.19 billion (31 December 2011 est.)
Barbados $1.84 billion (31 December 2012 est.)
$1.8 billion (31 December 2011 est.)
Belarus $4.018 billion (31 December 2012 est.)
$2.436 billion (31 December 2011 est.)
Belgium $185.5 billion (31 December 2012 est.)
$170.4 billion (31 December 2011 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 $551.5 million (31 December 2012 est.)
$419.6 million (31 December 2011 est.)
Benin $1.903 billion (31 December 2012 est.)
$1.715 billion (31 December 2011 est.)
Bhutan $191.9 million (31 December 2012 est.)
$623.4 million (31 December 2011 est.)
Bolivia $7.32 billion (31 December 2012 est.)
$6.13 billion (31 December 2011 est.)
Bosnia and Herzegovina $4.111 billion (31 December 2012 est.)
$4.092 billion (31 December 2011 est.)
Botswana $1.361 billion (31 December 2012 est.)
$1.153 billion (31 December 2011 est.)
Brazil $158.8 billion (31 December 2012 est.)
$152.1 billion (31 December 2011 est.)
Brunei $3.509 billion (31 December 2012 est.)
$3.255 billion (31 December 2011 est.)
Bulgaria $15.51 billion (31 December 2012 est.)
$13.91 billion (31 December 2011 est.)
Burkina Faso $1.845 billion (31 December 2012 est.)
$1.56 billion (31 December 2011 est.)
Burma $11.54 million (31 December 2012 est.)
$8.91 million (31 December 2011 est.)
Burundi $332.2 million (31 December 2012 est.)
$335.7 million (31 December 2011 est.)
Cambodia $995.1 million (31 December 2012 est.)
$965.8 million (31 December 2011 est.)
Cameroon $3.484 billion (31 December 2012 est.)
$3.514 billion (31 December 2011 est.)
Canada $654.1 billion (31 December 2012 est.)
$585 billion (31 December 2011 est.)
Cape Verde $976.2 million (31 December 2012 est.)
$893.6 million (31 December 2011 est.)
Cayman Islands $334.3 million (31 December 2008)
Central African Republic $349 million (31 December 2012 est.)
$329.7 million (31 December 2011 est.)
Chad $1.499 billion (31 December 2012 est.)
$1.235 billion (31 December 2011 est.)
Chile $40.95 billion (31 December 2012 est.)
$34.54 billion (31 December 2011 est.)
China $4.907 trillion (31 December 2012 est.)
$4.6 trillion (31 December 2011 est.)
Colombia $41.7 billion (31 December 2012 est.)
$35.45 billion (31 December 2011 est.)
Comoros $151.6 million (31 December 2012 est.)
$128.4 million (31 December 2011 est.)
Congo, Democratic Republic of the $1.159 billion (31 December 2012 est.)
$867.2 million (31 December 2011 est.)
Congo, Republic of the $3.341 billion (31 December 2011 est.)
$3.341 billion (31 December 2011 est.)
Cook Islands $38.99 million (31 December 2011 est.)
$38.99 million (31 December 2011 est.)
Costa Rica $3.871 billion (31 December 2012 est.)
$3.693 billion (31 December 2011 est.)
Cote d'Ivoire $7.525 billion (31 December 2012 est.)
$6.198 billion (31 December 2011 est.)
Croatia $9.332 billion (31 December 2012 est.)
$9.081 billion (31 December 2011 est.)
Cuba $10.97 billion (31 December 2012 est.)
$10.65 billion (31 December 2011 est.)
Cyprus $14.73 billion (31 December 2011 est.)
$14.6 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 $122.6 billion (31 December 2012 est.)
$107.8 billion (31 December 2011 est.)
Denmark $150.4 billion (31 December 2012 est.)
$134.9 billion (31 December 2011 est.)
Djibouti $780.7 million (31 December 2012 est.)
$692.6 million (31 December 2011 est.)
Dominica $70.15 million (31 December 2012 est.)
$70.29 million (31 December 2011 est.)
Dominican Republic $4.738 billion (31 December 2012 est.)
$4.489 billion (31 December 2011 est.)
Ecuador $7.754 billion (31 December 2012 est.)
$6.943 billion (31 December 2011 est.)
Egypt $45.33 billion (31 December 2012 est.)
$42.25 billion (31 December 2011 est.)
El Salvador $2.796 billion (31 December 2012 est.)
$2.781 billion (31 December 2011 est.)
Equatorial Guinea $2.683 billion (31 December 2012 est.)
$1.936 billion (31 December 2011 est.)
Eritrea $1.64 billion (31 December 2012 est.)
$1.331 billion (31 December 2011 est.)
Estonia $8.104 billion (31 December 2012 est.)
$6.744 billion (31 December 2011 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 $8.144 billion (31 December 2012 est.)
$6.532 billion (31 December 2011 est.)
European Union $6.205 trillion (31 December 2011)
$5.542 trillion (31 December 2010)
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 $796.7 million (31 December 2012 est.)
$781.7 million (31 December 2011 est.)
Finland $126.4 billion (31 December 2012 est.)
$115.5 billion (31 December 2011 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 $938.3 billion (31 December 2012 est.)
$908.2 billion (31 December 2011 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 $2.552 billion (31 December 2012 est.)
$2.47 billion (31 December 2011 est.)
Gambia, The $212.2 million (31 December 2012 est.)
$220.5 million (31 December 2011 est.)
Georgia $1.965 billion (31 December 2012 est.)
$1.737 billion (31 December 2011 est.)
Germany $2.025 trillion (31 December 2012 est.)
$1.777 trillion (31 December 2011 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 $5.771 billion (31 December 2012 est.)
$5.925 billion (31 December 2011 est.)
Greece $116.1 billion (31 December 2012 est.)
$126.4 billion (31 December 2011 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 $133.1 million (31 December 2012 est.)
$120.2 million (31 December 2011 est.)
Guatemala $7.975 billion (31 December 2012 est.)
$7.506 billion (31 December 2011 est.)
Guinea $1.428 billion (31 December 2012 est.)
$1.38 billion (31 December 2011 est.)
Guinea-Bissau $266.1 million (31 December 2012 est.)
$308.7 million (31 December 2011 est.)
Guyana $550.4 million (31 December 2012 est.)
$477.4 million (31 December 2011 est.)
Haiti $1.107 billion (31 December 2012 est.)
$1.003 billion (31 December 2011 est.)
Honduras $1.913 billion (31 December 2012 est.)
$2.154 billion (31 December 2011 est.)
Hong Kong $177.7 billion (31 December 2012 est.)
$145.2 billion (31 December 2011 est.)
Hungary $33.03 billion (31 December 2012 est.)
$30.51 billion (31 December 2011 est.)
Iceland $3.562 billion (31 December 2012 est.)
$4.053 billion (31 December 2011 est.)
India $323 billion (31 December 2012 est.)
$305.7 billion (31 December 2011 est.)
Indonesia $87.04 billion (31 December 2012 est.)
$79.73 billion (31 December 2011 est.)
Iran $42.91 billion (31 December 2012 est.)
$40.06 billion (31 December 2011 est.)
Iraq $54.68 billion (31 December 2012 est.)
$53.4 billion (31 December 2011 est.)
Ireland $122.2 billion (31 December 2012 est.)
$118.3 billion (31 December 2011 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 $32.48 billion (31 December 2012 est.)
$30.21 billion (31 December 2011 est.)
Italy $1.161 trillion (31 December 2012 est.)
$1.147 trillion (31 December 2011 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 $1.723 billion (31 December 2012 est.)
$1.962 billion (31 December 2011 est.)
Japan $6.176 trillion (31 December 2012 est.)
$6.636 trillion (31 December 2011 est.)
Jordan $10.17 billion (31 December 2012 est.)
$10.26 billion (31 December 2011 est.)
Kazakhstan $25.82 billion (31 December 2012 est.)
$25.97 billion (31 December 2011 est.)
Kenya $8.264 billion (31 December 2012 est.)
$7.32 billion (31 December 2011 est.)
Korea, South $392 billion (31 December 2012 est.)
$369.6 billion (31 December 2011 est.)
Kuwait $27.55 billion (31 December 2012 est.)
$22.85 billion (31 December 2011 est.)
Kyrgyzstan $1.372 billion (31 December 2012 est.)
$1.151 billion (31 December 2011 est.)
Laos $1.169 billion (31 December 2012 est.)
$979.5 million (31 December 2011 est.)
Latvia $8.293 billion (31 December 2012 est.)
$8.174 billion (31 December 2011 est.)
Lebanon $4.712 billion (31 December 2012 est.)
$4.072 billion (31 December 2011 est.)
Lesotho $408.9 million (31 December 2012 est.)
$346.5 million (31 December 2011 est.)
Liberia $322.9 million (31 December 2012 est.)
$406.4 million (31 December 2011 est.)
Libya $45.07 billion (31 December 2012 est.)
$40.88 billion (31 December 2011 est.)
Lithuania $13.64 billion (31 December 2012 est.)
$11.72 billion (31 December 2011 est.)
Luxembourg $90.08 billion (31 December 2012 est.)
$90.24 billion (31 December 2011 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 $5.849 billion (31 December 2012 est.)
$4.434 billion (31 December 2011 est.)
Macedonia $1.413 billion (31 December 2012 est.)
$1.29 billion (31 December 2011 est.)
Madagascar $1.492 billion (31 December 2012 est.)
$1.445 billion (31 December 2011 est.)
Malawi $457.6 million (31 December 2012 est.)
$866.8 million (31 December 2011 est.)
Malaysia $93.89 billion (31 December 2012 est.)
$81.28 billion (31 December 2011 est.)
Maldives $547.1 million (31 December 2012 est.)
$531.4 million (31 December 2011 est.)
Mali $2.583 billion (31 December 2012 est.)
$2.156 billion (31 December 2011 est.)
Malta $5.271 billion (31 December 2012 est.)
$5.095 billion (31 December 2011 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 $2.378 billion (31 December 2012 est.)
$2.263 billion (31 December 2011 est.)
Mexico $175.2 billion (31 December 2012 est.)
$148.9 billion (31 December 2011 est.)
Micronesia, Federated States of $27.22 million (31 December 2011 est.)
Moldova $1.54 billion (31 December 2012 est.)
$1.475 billion (31 December 2011 est.)
Mongolia $1.318 billion (31 December 2012 est.)
$1.247 billion (31 December 2011 est.)
Montenegro $749 million (31 December 2011 est.)
$783.3 million (31 December 2010 est.)
Montserrat $16.07 million (31 December 2012 est.)
$15.25 million (31 December 2011 est.)
Morocco $72.33 billion (31 December 2012 est.)
$68.41 billion (31 December 2011 est.)
Mozambique $4.335 billion (31 December 2012 est.)
$3.574 billion (31 December 2011 est.)
Namibia $3.181 billion (31 December 2012 est.)
$3.449 billion (31 December 2011 est.)
Nepal $3.105 billion (31 December 2012 est.)
$2.723 billion (31 December 2011 est.)
Netherlands $389.6 billion (31 December 2012 est.)
$369 billion (31 December 2011 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 $29.88 billion (31 December 2012 est.)
$26.26 billion (31 December 2011 est.)
Nicaragua $1.31 billion (31 December 2012 est.)
$1.125 billion (31 December 2011 est.)
Niger $1.284 billion (31 December 2012 est.)
$939.7 million (31 December 2011 est.)
Nigeria $44 billion (31 December 2012 est.)
$38.87 billion (31 December 2011 est.)
Norway $152.2 billion (31 December 2012 est.)
$138.9 billion (31 December 2011 est.)
Oman $9.083 billion (31 December 2012 est.)
$7.971 billion (31 December 2011 est.)
Pakistan $62.29 billion (31 December 2012 est.)
$56.34 billion (31 December 2011 est.)
Panama $7.685 billion (31 December 2012 est.)
$6.307 billion (31 December 2011 est.)
Papua New Guinea $5.301 billion (31 December 2012 est.)
$4.488 billion (31 December 2011 est.)
Paraguay $4.135 billion (31 December 2012 est.)
$3.642 billion (31 December 2011 est.)
Peru $32.66 billion (31 December 2012 est.)
$25.35 billion (31 December 2011 est.)
Philippines $38.93 billion (31 December 2012 est.)
$33.97 billion (31 December 2011 est.)
Poland $156.4 billion (31 December 2012 est.)
$137 billion (31 December 2011 est.)
Portugal $88.92 billion (31 December 2012 est.)
$89.42 billion (31 December 2011 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 $24.98 billion (31 December 2012 est.)
$22.49 billion (31 December 2011 est.)
Romania $26.51 billion (31 December 2012 est.)
$25.7 billion (31 December 2011 est.)
Russia $452.8 billion (31 December 2012 est.)
$399.3 billion (31 December 2011 est.)
Rwanda $1.164 billion (31 December 2012 est.)
$1.068 billion (31 December 2011 est.)
Saint Kitts and Nevis $177.4 million (31 December 2012 est.)
$177.8 million (31 December 2011 est.)
Saint Lucia $253.9 million (31 December 2012 est.)
$250 million (31 December 2011 est.)
Saint Vincent and the Grenadines $129.5 million (31 December 2012 est.)
$122.8 million (31 December 2011 est.)
Samoa $97.71 million (31 December 2012 est.)
$94.92 million (31 December 2011 est.)
San Marino
$1.326 billion (31 December 2007)
Sao Tome and Principe $38.63 million (31 December 2012 est.)
$34.42 million (31 December 2011 est.)
Saudi Arabia $236.6 billion (31 December 2012 est.)
$202.9 billion (31 December 2011 est.)
Senegal $3.577 billion (31 December 2012 est.)
$3.254 billion (31 December 2011 est.)
Serbia $5.79 billion (31 December 2012 est.)
$5.783 billion (31 December 2011 est.)
Seychelles $301.5 million (31 December 2012 est.)
$302.3 million (31 December 2011 est.)
Sierra Leone $324.7 million (31 December 2012 est.)
$276.2 million (31 December 2011 est.)
Singapore $115 billion (31 December 2012 est.)
$99.28 billion (31 December 2011 est.)
Slovakia $37.14 billion (31 December 2012 est.)
$34.64 billion (31 December 2011 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
Slovenia $16.03 billion (31 December 2011 est.)
$16.12 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 $328.5 million (31 December 2012 est.)
$254.5 million (31 December 2011 est.)
South Africa $122 billion (31 December 2012 est.)
$117.3 billion (31 December 2011 est.)
Spain $784.5 billion (31 December 2012 est.)
$778.1 billion (31 December 2011 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 $3.539 billion (31 December 2012 est.)
$3.852 billion (31 December 2011 est.)
Sudan $5.853 billion (31 December 2012 est.)
$9.272 billion (31 December 2011 est.)
Suriname $1.132 billion (31 December 2012 est.)
$1.075 billion (31 December 2011 est.)
Swaziland $403.3 million (31 December 2012 est.)
$355.1 million (31 December 2011 est.)
Sweden $260.1 billion (31 December 2012 est.)
$232.6 billion (31 December 2011 est.)
Switzerland $534.5 billion (31 December 2012 est.)
$464.8 billion (31 December 2011 est.)
Syria $18.1 billion (31 December 2012 est.)
$22.37 billion (31 December 2011 est.)
Taiwan $426.2 billion (31 December 2012 est.)
$390.6 billion (31 December 2011 est.)
Tajikistan $1.27 billion (31 December 2012 est.)
$989.1 million (31 December 2011 est.)
Tanzania $4.143 billion (31 December 2012 est.)
$3.471 billion (31 December 2011 est.)
Thailand $52.18 billion (31 December 2012 est.)
$44.63 billion (31 December 2011 est.)
Timor-Leste $205.8 million (31 December 2012 est.)
$162.7 million (31 December 2011 est.)
Togo $1.057 billion (31 December 2012 est.)
$981.9 million (31 December 2011 est.)
Tonga $81.03 million (31 December 2012 est.)
$66.56 million (31 December 2011 est.)
Trinidad and Tobago $6.222 billion (31 December 2012 est.)
$5.594 billion (31 December 2011 est.)
Tunisia $13.44 billion (31 December 2012 est.)
$13.11 billion (31 December 2011 est.)
Turkey $85.23 billion (31 December 2012 est.)
$71.95 billion (31 December 2011 est.)
Turkmenistan $813 million (31 December 2012 est.)
$723.9 million (31 December 2011 est.)
Uganda $2.015 billion (31 December 2012 est.)
$1.831 billion (31 December 2011 est.)
Ukraine $40.44 billion (31 December 2012 est.)
$38.93 billion (31 December 2011 est.)
United Arab Emirates $80.53 billion (31 December 2012 est.)
$71.9 billion (31 December 2011 est.)
United Kingdom $101.8 billion (31 December 2012 est.)
$92.77 billion (31 December 2011 est.)
United States $2.311 trillion (31 December 2012 est.)
$2.01 trillion (31 December 2011 est.)
Uruguay $5.32 billion (31 December 2012 est.)
$4.749 billion (31 December 2011 est.)
Uzbekistan $5.841 billion (31 December 2012 est.)
$5.087 billion (31 December 2011 est.)
Vanuatu $264 million (31 December 2012 est.)
$239.6 million (31 December 2011 est.)
Venezuela $163 billion (31 December 2012 est.)
$110.8 billion (31 December 2011 est.)
Vietnam $37.41 billion (31 December 2012 est.)
$32.64 billion (31 December 2011 est.)
West Bank $160.1 million (31 December 2012 est.)
$114.4 million (31 December 2011 est.)
World $27.02 trillion (31 December 2012 est.)
$25.53 trillion (31 December 2011 est.)
Yemen $5.142 billion (31 December 2012 est.)
$4.645 billion (31 December 2011 est.)
Zambia $2.187 billion (31 December 2012 est.)
$1.631 billion (31 December 2011 est.)
Zimbabwe $12.27 billion (31 December 2012 est.)
$6.586 billion (31 December 2011 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
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