Sri Lanka - Broad money growth (annual %)

The value for Broad money growth (annual %) in Sri Lanka was 8.32 as of 2019. As the graph below shows, over the past 58 years this indicator reached a maximum value of 49.98 in 2011 and a minimum value of -2.02 in 1966.

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 4.38
1962 6.60
1963 26.23
1964 2.17
1965 3.65
1966 -2.02
1967 11.15
1968 8.92
1969 5.27
1970 8.37
1971 10.64
1972 15.64
1973 2.85
1974 11.96
1975 3.50
1976 32.49
1977 39.63
1978 31.38
1979 42.77
1980 28.71
1981 19.87
1982 25.37
1983 20.92
1984 16.02
1985 12.79
1986 4.24
1987 15.44
1988 14.86
1989 8.35
1990 19.87
1991 21.87
1992 16.80
1993 23.31
1994 19.67
1995 35.83
1996 11.26
1997 15.59
1998 13.21
1999 13.39
2000 12.86
2001 13.59
2002 13.36
2003 15.32
2004 19.61
2005 19.06
2006 17.83
2007 16.56
2008 8.46
2009 18.61
2010 15.79
2011 49.98
2012 17.63
2013 16.23
2014 14.51
2015 17.03
2016 16.19
2017 17.40
2018 11.41
2019 8.32

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)