FIELD LISTING :: STOCK OF NARROW MONEY
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

CountrySTOCK OF NARROW MONEY
Afghanistan $6.644 billion (31 December 2014 est.)
$6.192 billion (31 December 2013 est.)
Albania $3.054 billion (31 December 2015 est.)
$3.066 billion (31 December 2014 est.)
Algeria $86.43 billion (31 December 2015 est.)
$109 billion (31 December 2014 est.)
Angola $25.27 billion (31 December 2015 est.)
$30.11 billion (31 December 2014 est.)
Anguilla $25.98 million (31 December 2015 est.)
$19.08 million (31 December 2014 est.)
Antigua and Barbuda $257.1 million (31 December 2015 est.)
$234.2 million (31 December 2014 est.)
Argentina $52.3 billion (31 December 2015 est.)
$62.88 billion (31 December 2014 est.)
Armenia $1.149 billion (31 December 2015 est.)
$1.118 billion (31 December 2014 est.)
Aruba $1.151 billion (31 December 2015 est.)
Australia $223.2 billion (31 December 2015 est.)
$224.9 billion (31 December 2014 est.)
Austria $193.9 billion (31 December 2015 est.)
$191.8 billion (31 December 2014 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 18 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 $5.612 billion (31 December 2015 est.)
$16.36 billion (31 December 2014 est.)
Bahamas, The $2.051 million (31 December 2015 est.)
$1.996 million (31 December 2014 est.)
Bahrain $8.762 billion (31 December 2015 est.)
$8.232 billion (31 December 2014 est.)
Bangladesh $21.44 billion (31 December 2015 est.)
$18.99 billion (31 December 2014 est.)
Barbados $1.831 billion (31 December 2015 est.)
$1.816 billion (31 December 2014 est.)
Belarus $2.301 billion (31 December 2015 est.)
$3.524 billion (31 December 2014 est.)
Belgium $181.5 billion (31 December 2015 est.)
$182.5 billion (31 December 2014 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 18 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 $764.3 million (31 December 2015 est.)
$656.9 million (31 December 2014 est.)
Benin $2.172 billion (31 December 2015 est.)
$2.336 billion (31 December 2014 est.)
Bermuda $3.374 billion (30 September 2014 est.)
$3.422 billion (31 December 2013 est.)
note: figures do not include US dollars, which also circulate freely
Bhutan $669.9 million (31 December 2015 est.)
$683.6 million (31 December 2014 est.)
Bolivia $8.946 billion (31 December 2015 est.)
$8.386 billion (31 December 2014 est.)
Bosnia and Herzegovina $4.554 billion (31 December 2015 est.)
$4.538 billion (31 December 2014 est.)
Botswana $1.223 billion (31 December 2015 est.)
$1.388 billion (31 December 2014 est.)
Brazil $85.64 billion (31 December 2015 est.)
$132.4 billion (31 December 2014 est.)
Brunei $3.31 billion (31 December 2015 est.)
$3.327 billion (31 December 2014 est.)
Bulgaria $20.09 billion (31 December 2015 est.)
$19.34 billion (31 December 2014 est.)
Burkina Faso $2.124 billion (31 December 2015 est.)
$1.969 billion (31 December 2014 est.)
Burma $13.8 billion (31 December 2015 est.)
$14.73 billion (31 December 2014 est.)
Burundi $397.7 million (31 December 2015 est.)
$412.4 million (31 December 2014 est.)
Cabo Verde $557.5 million (31 December 2015 est.)
$597.6 million (31 December 2014 est.)
Cambodia $1.602 billion (31 December 2015 est.)
$1.482 billion (31 December 2014 est.)
Cameroon $3.691 billion (31 December 2015 est.)
$3.877 billion (31 December 2014 est.)
Canada $568.8 billion (31 December 2015 est.)
$629.7 billion (31 December 2014 est.)
Cayman Islands $334.3 million (31 December 2008)
Central African Republic $340.9 million (31 December 2015 est.)
$376.7 million (31 December 2014 est.)
Chad $1.604 billion (31 December 2015 est.)
$1.788 billion (31 December 2014 est.)
Chile $39.88 billion (31 December 2015 est.)
$41.97 billion (31 December 2014 est.)
China $6.176 trillion (31 December 2015 est.)
$5.688 trillion (31 December 2014 est.)
Colombia $32.82 billion (31 December 2015 est.)
$39.13 billion (31 December 2014 est.)
Comoros $169 million (31 December 2015 est.)
$153.6 million (31 December 2014 est.)
Congo, Democratic Republic of the $1.213 billion (31 December 2015 est.)
$1.123 billion (31 December 2014 est.)
Congo, Republic of the $3.131 billion (31 December 2015 est.)
$4.036 billion (31 December 2014 est.)
Cook Islands $38.99 million (31 December 2011 est.)
$38.99 million (31 December 2011 est.)
Costa Rica $5.273 billion (31 December 2015 est.)
$4.643 billion (31 December 2014 est.)
Cote d'Ivoire $8.516 billion (31 December 2015 est.)
$7.785 billion (31 December 2014 est.)
Croatia $10.11 billion (31 December 2015 est.)
$10.07 billion (31 December 2014 est.)
Cuba $18.91 billion (31 December 2015 est.)
$16.87 billion (31 December 2014 est.)
Cyprus $4.031 billion (31 December 2015 est.)
$4.343 billion (31 December 2014 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 18 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
Czechia $124.9 billion (31 December 2015 est.)
$122.8 billion (31 December 2014 est.)
Denmark $151.9 billion (31 December 2015 est.)
$153.7 billion (31 December 2014 est.)
Djibouti $1.182 billion (31 December 2015 est.)
$963.4 million (31 December 2014 est.)
Dominica $96.59 million (31 December 2015 est.)
$86.92 million (31 December 2014 est.)
Dominican Republic $5.986 billion (31 December 2015 est.)
$5.488 billion (31 December 2014 est.)
Ecuador $9.527 billion (31 December 2015 est.)
$9.531 billion (31 December 2014 est.)
Egypt $66.49 billion (31 December 2015 est.)
$62.34 billion (31 December 2014 est.)
El Salvador $3.253 billion (31 December 2015 est.)
$2.92 billion (31 December 2014 est.)
Equatorial Guinea $1.888 billion (31 December 2015 est.)
$2.465 billion (31 December 2014 est.)
Eritrea $2.386 billion (31 December 2015 est.)
$2.118 billion (31 December 2014 est.)
Estonia $10.96 billion (31 December 2015 est.)
$10.19 billion (31 December 2014 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 18 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
Ethiopia $11.97 billion (31 December 2015 est.)
$10.1 billion (31 December 2014 est.)
European Union $7.165 trillion (31 December 2013)
$7.422 trillion (31 December 2012)
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, e.g., UK pounds, Danish kroner, and Czech koruny
Fiji $1.931 billion (31 December 2015 est.)
$1.823 billion (31 December 2014 est.)
Finland $121.4 billion (31 December 2015 est.)
$118.8 billion (31 December 2014 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 18 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 $1.079 trillion (31 December 2015 est.)
$1.08 trillion (31 December 2014 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 18 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 $2.251 billion (31 December 2015 est.)
$2.448 billion (31 December 2014 est.)
Gambia, The $275.4 million (31 December 2015 est.)
$231.5 million (31 December 2014 est.)
Gaza Strip see entry for the West Bank
Georgia $2.063 billion (31 December 2015 est.)
$2.388 billion (31 December 2014 est.)
Germany $1.923 trillion (31 December 2015 est.)
$1.891 trillion (31 December 2014 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 18 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 $5.736 billion (31 December 2015 est.)
$5.663 billion (31 December 2014 est.)
Greece $86.69 billion (31 December 2015 est.)
$84.03 billion (31 December 2014 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 18 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 $201.1 million (31 December 2015 est.)
$172.8 million (31 December 2014 est.)
Guatemala $10.05 billion (31 December 2015 est.)
$9.19 billion (31 December 2014 est.)
Guinea-Bissau $454.8 million (31 December 2015 est.)
$392.5 million (31 December 2014 est.)
Guinea $1.658 billion (31 December 2015 est.)
$1.84 billion (31 December 2014 est.)
Guyana $631 million (31 December 2015 est.)
$635.3 million (31 December 2014 est.)
Haiti $1.073 billion (31 December 2015 est.)
$1.235 billion (31 December 2014 est.)
Honduras $2.326 billion (31 December 2015 est.)
$2.105 billion (31 December 2014 est.)
Hong Kong $254.3 billion (31 December 2015 est.)
$220.3 billion (31 December 2014 est.)
Hungary $46.14 billion (31 December 2015 est.)
$41.44 billion (31 December 2014 est.)
Iceland $3.314 billion (31 December 2015 est.)
$3.213 billion (31 December 2014 est.)
India $370.5 billion (31 December 2015 est.)
$345.6 billion (31 December 2014 est.)
Indonesia $76.5 billion (31 December 2015 est.)
$75.74 billion (31 December 2014 est.)
Iran $38.44 billion (31 December 2015 est.)
$42.59 billion (31 December 2014 est.)
Iraq $55.36 billion (31 December 2015 est.)
$62.34 billion (31 December 2014 est.)
Ireland $140.9 billion (31 December 2015 est.)
$143.5 billion (31 December 2014 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 18 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 $63.41 billion (31 December 2015 est.)
$43.13 billion (31 December 2014 est.)
Italy $1.026 trillion (31 December 2015 est.)
$1.054 trillion (31 December 2014 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 18 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 $3.542 billion (31 December 2015 est.)
$3.156 billion (31 December 2014 est.)
Japan $5.131 trillion (31 December 2015 est.)
$4.896 trillion (31 December 2014 est.)
Jordan $13.92 billion (31 December 2015 est.)
$13 billion (31 December 2014 est.)
Kazakhstan $8.933 billion (31 December 2015 est.)
$16.35 billion (31 December 2014 est.)
Kenya $9.927 billion (31 December 2015 est.)
$10.34 billion (31 December 2014 est.)
Korea, South $604.2 billion (31 December 2015 est.)
$532.9 billion (31 December 2014 est.)
Kuwait $30.95 billion (31 December 2015 est.)
$32.8 billion (31 December 2014 est.)
Kyrgyzstan $928.2 million (31 December 2015 est.)
$1.062 billion (31 December 2014 est.)
Laos $1.132 billion (31 December 2015 est.)
$1.149 billion (31 December 2014 est.)
Latvia $10.3 billion (31 December 2015 est.)
$10.08 billion (31 December 2014 est.)
Lebanon $5.998 billion (31 December 2015 est.)
$5.506 billion (31 December 2014 est.)
Lesotho $340.6 million (31 December 2015 est.)
$353.7 million (31 December 2014 est.)
Liberia $458.4 million (31 December 2015 est.)
$463.5 million (31 December 2014 est.)
Libya $51.23 billion (31 December 2015 est.)
$48.02 billion (31 December 2014 est.)
Lithuania $19.4 billion (31 December 2015 est.)
$14.67 billion (31 December 2014 est.)
Luxembourg $218.4 billion (31 December 2015 est.)
$209.1 billion (31 December 2014 est.)
note: see entry for the EU for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 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 $7.623 billion (31 December 2015 est.)
$7.66 billion (31 December 2014 est.)
Macedonia $1.797 billion (31 December 2015 est.)
$1.692 billion (31 December 2014 est.)
Madagascar $1.375 billion (31 December 2015 est.)
$1.506 billion (31 December 2014 est.)
Malawi $512.3 million (31 December 2015 est.)
$567.9 million (31 December 2014 est.)
Malaysia $83.97 billion (31 December 2015 est.)
$99.12 billion (31 December 2014 est.)
Maldives $623 million (31 December 2013 est.)
$547.1 million (31 December 2012 est.)
Mali $2.573 billion (31 December 2015 est.)
$2.611 billion (31 December 2014 est.)
Malta $12.87 billion (31 December 2015 est.)
$11.55 billion (31 December 2014 est.)
note: see entry for the EU for money supply for the entire euro area; the European Central Bank controls monetary policy for the 18 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
Mauritius $2.547 billion (31 December 2015 est.)
$2.634 billion (31 December 2014 est.)
Mexico $194.8 billion (31 December 2015 est.)
$195.6 billion (31 December 2014 est.)
Micronesia, Federated States of $196 million (31 December 2013 est.)
Moldova $1.188 billion (31 December 2015 est.)
$1.698 billion (31 December 2014 est.)
Mongolia $844.4 million (31 December 2015 est.)
$963.5 million (31 December 2014 est.)
Montenegro $749 million (31 December 2011 est.)
$783.3 million (31 December 2010 est.)
Montserrat $17.64 million (31 December 2015 est.)
$16.69 million (31 December 2014 est.)
Morocco $71.58 billion (31 December 2015 est.)
$73.27 billion (31 December 2014 est.)
Mozambique $4.758 billion (31 December 2015 est.)
$5.405 billion (31 December 2014 est.)
Namibia $2.583 billion (31 December 2015 est.)
$3.17 billion (31 December 2014 est.)
Nepal $4.762 billion (31 December 2015 est.)
$3.567 billion (31 December 2014 est.)
Netherlands $405.7 billion (31 December 2015 est.)
$435 billion (31 December 2014 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 18 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 $31.58 billion (31 December 2015 est.)
$33.16 billion (31 December 2014 est.)
Nicaragua $1.093 billion (31 December 2015 est.)
$943.8 million (31 December 2014 est.)
Nigeria $43.62 billion (31 December 2015 est.)
$36.85 billion (31 December 2014 est.)
Niger $1.508 billion (31 December 2015 est.)
$1.657 billion (31 December 2014 est.)
Norway $200.3 billion (31 December 2015 est.)
$120.7 billion (31 December 2014 est.)
Oman $13.96 billion (31 December 2015 est.)
$12.5 billion (31 December 2014 est.)
Pakistan $89.3 billion (31 December 2015 est.)
$79.67 billion (31 December 2014 est.)
Panama $8.215 billion (31 December 2015 est.)
$8.317 billion (31 December 2014 est.)
Papua New Guinea $4.936 billion (31 December 2015 est.)
$5.181 billion (31 December 2014 est.)
Paraguay $3.974 billion (31 December 2015 est.)
$4.806 billion (31 December 2014 est.)
Peru $29.86 billion (31 December 2015 est.)
$32.93 billion (31 December 2014 est.)
Philippines $56.56 billion (31 December 2015 est.)
$51.92 billion (31 December 2014 est.)
Poland $177.4 billion (31 December 2015 est.)
$172.9 billion (31 December 2014 est.)
Portugal $72.29 billion (31 December 2015 est.)
$66.76 billion (31 December 2014 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 18 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 $34.87 billion (31 December 2015 est.)
$34.14 billion (31 December 2014 est.)
Romania $36.06 billion (31 December 2015 est.)
$32.16 billion (31 December 2014 est.)
Russia $151.5 billion (31 December 2015 est.)
$201.4 billion (31 December 2014 est.)
Rwanda $1.013 billion (31 December 2015 est.)
$820.9 million (31 December 2014 est.)
Saint Kitts and Nevis $231.2 million (31 December 2015 est.)
$215.6 million (31 December 2014 est.)
Saint Lucia $284.8 million (31 December 2015 est.)
$277.2 million (31 December 2014 est.)
Saint Vincent and the Grenadines $162.2 million (31 December 2015 est.)
$157.9 million (31 December 2014 est.)
Samoa $116.5 million (31 December 2015 est.)
$113.8 million (31 December 2014 est.)
San Marino $NA
$1.326 billion (31 December 2007)
Sao Tome and Principe $63.82 million (31 December 2015 est.)
$54.91 million (31 December 2014 est.)
Saudi Arabia $305.5 billion (31 December 2015 est.)
$304.8 billion (31 December 2014 est.)
Senegal $4.264 billion (31 December 2015 est.)
$3.931 billion (31 December 2014 est.)
Serbia $4.535 billion (31 December 2015 est.)
$4.332 billion (31 December 2014 est.)
Seychelles $492.7 million (31 December 2015 est.)
$407.2 million (31 December 2014 est.)
Sierra Leone $458.4 million (31 December 2015 est.)
$432.1 million (31 December 2014 est.)
Singapore $113.5 billion (31 December 2015 est.)
$121.3 billion (31 December 2014 est.)
Slovakia $43 billion (31 December 2015 est.)
$41.69 billion (31 December 2014 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 18 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 $14.39 billion (31 December 2015 est.)
$12.85 billion (31 December 2014 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 18 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 $405.7 million (31 December 2015 est.)
$360.5 million (31 December 2014 est.)
South Africa $91.72 billion (31 December 2015 est.)
$107.5 billion (31 December 2014 est.)
South Sudan $1.873 billion (31 December 2013)
$2.032 billion (31 December 2012)
Spain $745 billion (31 December 2015 est.)
$716.6 billion (31 December 2014 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 18 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 $4.963 billion (31 December 2015 est.)
$4.671 billion (31 December 2014 est.)
Sudan $9.511 billion (31 December 2015 est.)
$8.034 billion (31 December 2014 est.)
Suriname $1.231 billion (31 December 2015 est.)
$1.409 billion (31 December 2014 est.)
Swaziland $304.6 million (31 December 2015 est.)
$367.8 million (31 December 2014 est.)
Sweden $271 billion (31 December 2015 est.)
$258.9 billion (31 December 2014 est.)
Switzerland $508.2 billion (31 December 2015 est.)
$514.1 billion (31 December 2014 est.)
Syria $5.254 billion (31 December 2015 est.)
$6.718 billion (31 December 2014 est.)
Taiwan $462.5 billion (31 December 2015 est.)
$451.2 billion (31 December 2014 est.)
Tajikistan $773 million (31 December 2015 est.)
$920.3 million (31 December 2014 est.)
Tanzania $4.457 billion (31 December 2015 est.)
$4.8 billion (31 December 2014 est.)
Thailand $49.27 billion (31 December 2015 est.)
$51.04 billion (31 December 2014 est.)
Timor-Leste $397.7 million (31 December 2015 est.)
$342.9 million (31 December 2014 est.)
Togo $1.14 billion (31 December 2015 est.)
$1.036 billion (31 December 2014 est.)
Tonga $101.8 million (31 December 2015 est.)
$95.17 million (31 December 2014 est.)
Trinidad and Tobago $7.422 billion (31 December 2015 est.)
$6.907 billion (31 December 2014 est.)
Tunisia $12.61 billion (31 December 2015 est.)
$12.68 billion (31 December 2014 est.)
Turkey $107.1 billion (31 December 2015 est.)
$111.3 billion (31 December 2014 est.)
Turkmenistan $1.326 billion (31 December 2015 est.)
$1.255 billion (31 December 2014 est.)
Uganda $2.043 billion (31 December 2015 est.)
$2.392 billion (31 December 2014 est.)
Ukraine $19.68 billion (31 December 2015 est.)
$27.62 billion (31 December 2014 est.)
United Arab Emirates $124.4 billion (31 December 2015 est.)
$118.7 billion (31 December 2014 est.)
United Kingdom $106.7 billion (31 December 2015 est.)
$106.4 billion (31 December 2014 est.)
United States $3.022 trillion (31 December 2015 est.)
$2.811 trillion (31 December 2014 est.)
Uruguay $4.022 billion (31 December 2015 est.)
$4.89 billion (31 December 2014 est.)
Uzbekistan $7.162 billion (31 December 2015 est.)
$7.272 billion (31 December 2014 est.)
Vanuatu $320.9 million (31 December 2015 est.)
$274.6 million (31 December 2014 est.)
Venezuela $273.8 billion (31 December 2015 est.)
$259.8 billion (31 December 2014 est.)
Vietnam $62.92 billion (31 December 2015 est.)
$56.12 billion (31 December 2014 est.)
West Bank $265.5 million (31 December 2015 est.)
$234.8 million (31 December 2014 est.)
World $27.83 trillion (31 December 2015 est.)
$26.83 trillion (31 December 2014 est.)
Yemen $4.993 billion (31 December 2015 est.)
$5.256 billion (31 December 2014 est.)
Zambia $1.288 billion (31 December 2015 est.)
$2.118 billion (31 December 2014 est.)
Zimbabwe $2.112 billion (31 December 2015 est.)
$2.159 billion (31 December 2014 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