Broad money (% of GDP) — all countries

Broad money (% of GDP) — Western Africa

Broad money (% of GDP) in Western Africa in 2024 — 34.78%. Since 1966, the indicator has risen by 22.1 pp.

2024 34.78% +5.88 pp vs 2023
World rank
Period maximum 152.97%2014
Period minimum 10.69%1996

Trend over time

1966–2024 · % of GDP

Broad money (% of GDP) — Western Africa, 1966–2024050100150200196619721978198419901996200220082014202020241966: 12.68%1967: 13.18%1968: 14.16%1969: 14.54%1970: 12.68%1971: 12.84%1972: 13.43%1973: 14.04%1974: 15.17%1975: 18.37%1976: 20.55%1977: 22.91%1978: 21.86%1979: 22.27%1980: 25.67%1981: 12.33%1982: 12.64%1983: 13.49%1984: 14.63%1985: 14.47%1986: 15.36%1987: 15.55%1988: 15.98%1989: 15.02%1990: 15.57%1991: 15.72%1992: 16.82%1993: 17.27%1994: 16.34%1995: 12.38%1996: 10.69%1997: 11.13%1998: 11.93%1999: 14.64%2000: 15.49%2001: 129.94%2002: 130.01%2003: 124.86%2004: 107.6%2005: 107.14%2006: 99.17%2007: 104.26%2008: 111.48%2009: 140.97%2010: 125.92%2011: 132.02%2012: 146.46%2013: 142.6%2014: 152.97%2015: 23.85%2016: 27.71%2017: 26.23%2018: 26.82%2019: 20.61%2020: 23.06%2021: 24.17%2022: 24.43%2023: 28.9%2024: 34.78%
Change over the period: +22.1 pp Annual average: 0.38 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Western Africa

Western Africa 34.78%
World 136.11%
Broad money (% of GDP) — Western Africa, by year Western Africa All countries CSV XLSX
Year % Change, pp
2024 34.78 +5.88 pp
2023 28.9 +4.47 pp
2022 24.43 +0.26 pp
2021 24.17 +1.1 pp
2020 23.06 +2.45 pp
2019 20.61 −6.2 pp
2018 26.82 +0.59 pp
2017 26.23 −1.48 pp
2016 27.71 +3.86 pp
2015 23.85 −129.12 pp
2014 152.97 +10.37 pp
2013 142.6 −3.87 pp
2012 146.46 +14.44 pp
2011 132.02 +6.1 pp
2010 125.92 −15.05 pp
2009 140.97 +29.49 pp
2008 111.48 +7.23 pp
2007 104.26 +5.09 pp
2006 99.17 −7.97 pp
2005 107.14 −0.47 pp
2004 107.6 −17.25 pp
2003 124.86 −5.15 pp
2002 130.01 +0.06 pp
2001 129.94 +114.45 pp
2000 15.49 +0.86 pp
1999 14.64 +2.71 pp
1998 11.93 +0.8 pp
1997 11.13 +0.45 pp
1996 10.69 −1.69 pp
1995 12.38 −3.96 pp
1994 16.34 −0.92 pp
1993 17.27 +0.45 pp
1992 16.82 +1.1 pp
1991 15.72 +0.15 pp
1990 15.57 +0.55 pp
1989 15.02 −0.97 pp
1988 15.98 +0.44 pp
1987 15.55 +0.19 pp
1986 15.36 +0.89 pp
1985 14.47 −0.15 pp
1984 14.63 +1.14 pp
1983 13.49 +0.84 pp
1982 12.64 +0.32 pp
1981 12.33 −13.35 pp
1980 25.67 +3.41 pp
1979 22.27 +0.4 pp
1978 21.86 −1.05 pp
1977 22.91 +2.37 pp
1976 20.55 +2.18 pp
1975 18.37 +3.2 pp
1974 15.17 +1.13 pp
1973 14.04 +0.61 pp
1972 13.43 +0.59 pp
1971 12.84 +0.16 pp
1970 12.68 −1.86 pp
1969 14.54 +0.38 pp
1968 14.16 +0.98 pp
1967 13.18 +0.5 pp
1966 12.68

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.