Liquid liabilities (M3) as % of GDP
Definition: Liquid liabilities are also known as M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.
Description: The map below shows how Liquid liabilities (M3) as % of GDP varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Japan, with a value of 228.39. The country with the lowest value in the world is Tajikistan, with a value of 13.85.
Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.
Aggregation method: Weighted average