Broad money (% of GDP) — all countries

Broad money (% of GDP) — Sub-Saharan Africa

Broad money (% of GDP) in Sub-Saharan Africa in 2023 — 38.67%. Since 1965, the indicator has risen by 12.99 pp.

2023 38.67% +3.38 pp vs 2022
World rank
Period maximum 89.47%2014
Period minimum 23.01%1981

Trend over time

1965–2023 · % of GDP

Broad money (% of GDP) — Sub-Saharan Africa, 1965–20230255075100196519711977198319891995200120072013201920231965: 25.68%1966: 23.74%1967: 24.6%1968: 25.83%1969: 25.92%1970: 26.25%1971: 26.9%1972: 27.27%1973: 28.57%1974: 27.71%1975: 29.24%1976: 28.47%1977: 29.46%1978: 29.86%1979: 29.68%1980: 30.99%1981: 23.01%1982: 23.35%1983: 28.22%1984: 27.18%1985: 25.51%1986: 26.45%1987: 28.5%1988: 29.7%1989: 30.33%1990: 29.12%1991: 29.05%1992: 30.47%1993: 28.8%1994: 29.08%1995: 26.39%1996: 24.07%1997: 25.04%1998: 24.85%1999: 31.35%2000: 28.9%2001: 66.39%2002: 70.36%2003: 66.58%2004: 61.3%2005: 62.51%2006: 62.95%2007: 66.29%2008: 69.75%2009: 80.53%2010: 75.03%2011: 76.54%2012: 83.16%2013: 83.48%2014: 89.47%2015: 35.44%2016: 36.84%2017: 36.23%2018: 36.71%2019: 32.91%2020: 36.08%2021: 36.16%2022: 35.29%2023: 38.67%
Change over the period: +12.99 pp Annual average: 0.22 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Sub-Saharan Africa

Sub-Saharan Africa 38.67%
World 135.57%
Broad money (% of GDP) — Sub-Saharan Africa, by year Sub-Saharan Africa All countries CSV XLSX
Year % Change, pp
2023 38.67 +3.38 pp
2022 35.29 −0.87 pp
2021 36.16 +0.09 pp
2020 36.08 +3.16 pp
2019 32.91 −3.79 pp
2018 36.71 +0.48 pp
2017 36.23 −0.61 pp
2016 36.84 +1.4 pp
2015 35.44 −54.03 pp
2014 89.47 +5.99 pp
2013 83.48 +0.32 pp
2012 83.16 +6.61 pp
2011 76.54 +1.51 pp
2010 75.03 −5.5 pp
2009 80.53 +10.79 pp
2008 69.75 +3.46 pp
2007 66.29 +3.34 pp
2006 62.95 +0.44 pp
2005 62.51 +1.21 pp
2004 61.3 −5.28 pp
2003 66.58 −3.78 pp
2002 70.36 +3.97 pp
2001 66.39 +37.49 pp
2000 28.9 −2.45 pp
1999 31.35 +6.51 pp
1998 24.85 −0.19 pp
1997 25.04 +0.97 pp
1996 24.07 −2.32 pp
1995 26.39 −2.7 pp
1994 29.08 +0.29 pp
1993 28.8 −1.67 pp
1992 30.47 +1.42 pp
1991 29.05 −0.07 pp
1990 29.12 −1.21 pp
1989 30.33 +0.63 pp
1988 29.7 +1.19 pp
1987 28.5 +2.06 pp
1986 26.45 +0.94 pp
1985 25.51 −1.67 pp
1984 27.18 −1.05 pp
1983 28.22 +4.87 pp
1982 23.35 +0.34 pp
1981 23.01 −7.99 pp
1980 30.99 +1.31 pp
1979 29.68 −0.18 pp
1978 29.86 +0.4 pp
1977 29.46 +0.99 pp
1976 28.47 −0.77 pp
1975 29.24 +1.52 pp
1974 27.71 −0.85 pp
1973 28.57 +1.3 pp
1972 27.27 +0.37 pp
1971 26.9 +0.65 pp
1970 26.25 +0.33 pp
1969 25.92 +0.09 pp
1968 25.83 +1.23 pp
1967 24.6 +0.86 pp
1966 23.74 −1.94 pp
1965 25.68

About the indicator

Broad money, an aggregate close to M2/M3, as a percent of GDP: currency outside banks, demand deposits, time and savings deposits and, in a number of countries, short-term securities. The ratio to GDP is conventionally read as a measure of monetization and of the depth of the financial system, not as an indicator of inflationary pressure.

Source: World Economic Outlook (IMF), license IMF open data.