The Gambia - Broad money growth (annual %)

The value for Broad money growth (annual %) in The Gambia was 22.51 as of 2020. As the graph below shows, over the past 55 years this indicator reached a maximum value of 51.34 in 1985 and a minimum value of -12.11 in 1977.

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
1965 6.19
1966 13.10
1967 4.66
1968 8.16
1969 4.49
1970 15.64
1971 0.46
1972 38.95
1973 42.23
1974 9.85
1975 13.40
1976 45.94
1977 -12.11
1978 45.94
1979 -8.35
1980 10.35
1981 20.90
1982 15.83
1983 26.72
1984 5.48
1985 51.34
1986 7.27
1987 24.63
1988 14.75
1989 20.80
1990 8.38
1991 25.70
1992 13.81
1993 12.76
1994 -3.79
1995 14.22
1996 5.78
1997 22.97
1998 10.21
1999 12.10
2000 34.83
2001 19.42
2002 35.28
2003 42.74
2004 22.45
2005 8.05
2006 26.65
2007 6.78
2008 18.16
2009 14.83
2010 17.84
2011 11.20
2012 7.27
2013 14.61
2014 9.00
2018 18.25
2019 27.01
2020 22.51

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)