Philippines - Broad money growth (annual %)

The value for Broad money growth (annual %) in Philippines was 8.66 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 52.99 in 1983 and a minimum value of 1.69 in 1986.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1961 24.03
1962 19.79
1963 13.62
1964 3.28
1965 6.39
1966 15.42
1967 21.34
1968 10.54
1969 11.36
1970 12.57
1971 15.75
1972 13.98
1973 23.51
1974 16.31
1975 13.80
1976 28.05
1977 28.54
1978 24.25
1979 12.44
1980 20.62
1981 17.42
1982 18.49
1983 52.99
1984 17.95
1985 12.45
1986 1.69
1987 11.67
1988 23.26
1989 30.24
1990 22.40
1991 17.72
1992 13.11
1993 28.15
1994 26.73
1995 23.87
1996 23.73
1997 23.11
1998 8.57
1999 16.88
2000 8.12
2001 9.99
2002 9.97
2003 4.29
2004 10.72
2005 6.84
2006 23.45
2007 9.61
2008 10.04
2009 8.64
2010 10.90
2011 5.31
2012 6.98
2013 29.33
2014 12.44
2015 9.20
2016 13.33
2017 11.42
2018 9.00
2019 9.84
2020 8.66

Limitations and Exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries.

Statistical Concept and Methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)