Broad money growth in Ethiopia
Ethiopia: Broad money growth was 23.4% in 2008. ▲ Rising
Broad money growth in Ethiopia, 1961–2008
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
The most recent figure for broad money growth in Ethiopia is 23.4%, measured in 2008.
Compared with earlier readings it is up 5.3% on the previous year and up 2,239.1% over ten years.
Over the whole period, broad money growth in Ethiopia peaked at 29.9% in 1973 and was at its lowest, -1.1%, in 1998.
That places Ethiopia 21st out of 166 countries with data for 2008, putting it in the top quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Broad money growth in Ethiopia, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 2.8% | — |
| 1962 | 11.2% | +302.9% |
| 1963 | 5.3% | -52.9% |
| 1964 | 25.4% | +381.3% |
| 1965 | 13.3% | -47.6% |
| 1966 | 6.2% | -53.2% |
| 1967 | 1.8% | -70.6% |
| 1968 | 11.2% | +511.3% |
| 1969 | 15.3% | +36.1% |
| 1970 | 5.8% | -62.2% |
| 1971 | 1.8% | -68.7% |
| 1972 | 16.1% | +789.7% |
| 1973 | 29.9% | +86.0% |
| 1974 | 15.6% | -47.9% |
| 1975 | 9.6% | -38.1% |
| 1976 | 12.8% | +32.7% |
| 1977 | 17.7% | +38.9% |
| 1978 | 12.7% | -28.5% |
| 1979 | 13.2% | +4.3% |
| 1980 | 4.2% | -68.3% |
| 1981 | 11.0% | +161.9% |
| 1982 | 10.3% | -6.5% |
| 1983 | 14.5% | +40.4% |
| 1984 | 9.7% | -32.6% |
| 1985 | 17.1% | +75.9% |
| 1986 | 11.4% | -33.5% |
| 1987 | 5.6% | -50.6% |
| 1988 | 11.1% | +96.7% |
| 1989 | 15.6% | +40.6% |
| 1990 | 19.9% | +27.6% |
| 1991 | 15.9% | -19.9% |
| 1992 | 15.2% | -4.4% |
| 1993 | 8.8% | -42.3% |
| 1994 | 23.2% | +163.9% |
| 1995 | 9.0% | -61.0% |
| 1996 | 9.0% | +0.2% |
| 1997 | 19.8% | +119.2% |
| 1998 | -1.1% | -105.5% |
| 1999 | 13.7% | -1353.4% |
| 2000 | 13.1% | -4.6% |
| 2001 | 9.7% | -26.0% |
| 2002 | 15.9% | +64.7% |
| 2003 | 12.4% | -21.9% |
| 2004 | 19.3% | +54.9% |
| 2005 | 18.6% | -3.5% |
| 2006 | 20.0% | +7.5% |
| 2007 | 22.2% | +11.1% |
| 2008 | 23.4% | +5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.3% | 1.8% | 25.4% | 9 |
| 1970s | 13.5% | 1.8% | 29.9% | 10 |
| 1980s | 11.1% | 4.2% | 17.1% | 10 |
| 1990s | 13.3% | -1.1% | 23.2% | 10 |
| 2000s | 17.2% | 9.7% | 23.4% | 9 |
Countries ranked near Ethiopia
More financial sector data for Ethiopia
- Net domestic credit (current LCU), per capita 1,078 current LCU per person (2008)
- Net domestic credit (current LCU), per unit of GDP 3.41 current LCU per US$ of GDP (2008)
- Net domestic credit (current LCU), annual growth rate 27.19 % change on previous year (2008)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 2.89 billion SDR (2024)
- Reserves excluding gold 2.90 billion SDR (2024)
- Total reserves (gold at market value) 2.90 billion SDR (2024)
- Total reserves (gold at national valuation) 2.90 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 21.97 SDR per person (2024)
Frequently asked questions
- What is broad money growth in Ethiopia?
- Broad money growth in Ethiopia was 23.4% in 2008, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Ethiopia?
- The highest recorded value was 29.9% in 1973.
- What is the lowest broad money growth recorded in Ethiopia?
- The lowest recorded value was -1.1% in 1998.
- How does Ethiopia rank for broad money growth?
- Ethiopia ranks 21st out of 166 countries with data for 2008.
- Is broad money growth rising or falling in Ethiopia?
- Over the last ten years it is up 2,239.1%. The long-run trend across the full record is rising.
- Where does this Ethiopia 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.