Broad money growth (annual %) in Canada
Canada: Broad money growth (annual %) was 14.9% in 2008. ◆ Volatile
Broad money growth in Canada, 1961–2008
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Canada recorded 14.9% for broad money growth in 2008.
That represents a change of up 158.4% on the previous year and up 516.5% over ten years.
Over the whole period, broad money growth in Canada peaked at 125.0% in 2001 and was at its lowest, -25.6%, in 2007.
That places Canada 43rd out of 167 countries with data for 2008, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Canada, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 8.5% | — |
| 1962 | 2.9% | -66.3% |
| 1963 | 11.6% | +307.3% |
| 1964 | 9.9% | -14.4% |
| 1965 | 10.3% | +3.3% |
| 1966 | 28.8% | +180.0% |
| 1967 | 14.7% | -49.0% |
| 1968 | 14.1% | -3.8% |
| 1969 | 8.5% | -40.0% |
| 1970 | 9.7% | +14.8% |
| 1971 | 10.0% | +2.9% |
| 1972 | 14.5% | +45.1% |
| 1973 | 21.1% | +45.8% |
| 1974 | 19.1% | -9.8% |
| 1975 | 15.9% | -16.8% |
| 1976 | 18.3% | +15.0% |
| 1977 | 14.7% | -19.3% |
| 1978 | 16.8% | +13.9% |
| 1979 | 17.8% | +6.2% |
| 1980 | 12.1% | -32.1% |
| 1981 | 29.6% | +144.8% |
| 1982 | 6.0% | -79.9% |
| 1983 | 2.4% | -59.7% |
| 1984 | 7.5% | +210.7% |
| 1985 | 7.2% | -3.8% |
| 1986 | 8.6% | +19.7% |
| 1987 | 8.5% | -1.0% |
| 1988 | 12.2% | +43.9% |
| 1989 | 13.4% | +9.5% |
| 1990 | 8.1% | -39.6% |
| 1991 | 3.9% | -52.0% |
| 1992 | 6.4% | +64.8% |
| 1993 | 1.9% | -70.2% |
| 1994 | 4.6% | +143.1% |
| 1995 | 4.8% | +4.3% |
| 1996 | 4.0% | -16.2% |
| 1997 | 4.4% | +8.1% |
| 1998 | 2.4% | -44.6% |
| 1999 | 5.4% | +121.5% |
| 2000 | 6.6% | +23.5% |
| 2001 | 125.0% | +1787.7% |
| 2002 | 2.7% | -97.9% |
| 2003 | 0.5% | -80.8% |
| 2004 | 5.5% | +969.8% |
| 2005 | 9.6% | +76.6% |
| 2006 | 12.5% | +29.4% |
| 2007 | -25.6% | -304.7% |
| 2008 | 14.9% | -158.4% |
Canada compared with similar countries
- Canada's 14.9% is above the median for high income countries, which is 5.9%, 2.5× the median. (41 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +1787.7% | 6.6% | 125.0% |
| 2004 | +969.8% | 0.5% | 5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.1% | 2.9% | 28.8% | 9 |
| 1970s | 15.8% | 9.7% | 21.1% | 10 |
| 1980s | 10.7% | 2.4% | 29.6% | 10 |
| 1990s | 4.6% | 1.9% | 8.1% | 10 |
| 2000s | 16.9% | -25.6% | 125.0% | 9 |
Countries ranked near Canada
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is broad money growth in Canada?
- Broad money growth in Canada was 14.9% in 2008, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Canada?
- The highest recorded value was 125.0% in 2001.
- What is the lowest broad money growth recorded in Canada?
- The lowest recorded value was -25.6% in 2007.
- How does Canada rank for broad money growth?
- Canada ranks 43rd out of 167 countries with data for 2008.
- Is broad money growth rising or falling in Canada?
- Over the last ten years it is up 516.5%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.