Broad money (% of GDP)

This financial metric represents the total value of liquid assets available within an economy, emphasizing the breadth of money supply accessible to the general public. It includes all physical currency in circulation outside banking institutions, as well as demand and time deposits from private sectors, excluding governmental funds. Additionally, it encompasses savings accounts, foreign currency deposits, checking accounts, and various negotiable instruments such as traveler’s checks. By expressing this aggregate as a percentage of the nation’s Gross Domestic Product, it provides a crucial indicator of monetary stability and liquidity, reflecting how well an economy can support consumption and investment activities, while also hinting at the potential for inflationary pressures or constraints on growth. Source: