Tanzania - Broad money growth (annual %)

The value for Broad money growth (annual %) in Tanzania was 5.68 as of 2020. As the graph below shows, over the past 53 years this indicator reached a maximum value of 46.94 in 1979 and a minimum value of 3.45 in 2016.

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
1967 13.74
1968 17.26
1969 9.16
1970 12.02
1971 18.24
1972 17.73
1973 18.23
1974 22.15
1975 24.44
1976 25.10
1977 20.16
1978 12.58
1979 46.94
1980 26.89
1981 18.09
1982 19.52
1983 17.79
1984 3.68
1985 30.43
1986 27.72
1987 32.06
1988 32.83
1989 32.05
1990 41.86
1991 30.08
1992 40.59
1993 39.22
1994 35.35
1995 33.01
1996 8.40
1997 12.85
1998 10.78
1999 18.55
2000 14.80
2001 34.23
2002 25.56
2003 17.97
2004 13.49
2005 34.78
2006 21.50
2007 20.51
2008 19.85
2009 17.72
2010 25.43
2011 18.24
2012 12.49
2013 9.97
2014 15.57
2015 18.81
2016 3.45
2017 8.03
2018 4.49
2019 9.64
2020 5.68

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)