Broad money in Africa Western and Central
Africa Western and Central: Broad money was 28.7% in 2023. ◆ Volatile
Broad money in Africa Western and Central, 1960–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for broad money in Africa Western and Central is 28.7%, measured in 2023.
Compared with earlier readings it is up 18.1% on the previous year and down 77.3% over ten years.
Over the whole period, broad money in Africa Western and Central peaked at 136.0% in 2014 and was at its lowest, 10.9%, in 1996.
Africa Western and Central ranks 43rd of 44 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money in Africa Western and Central, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 11.3% | — |
| 1961 | 11.4% | +1.5% |
| 1962 | 11.8% | +2.7% |
| 1963 | 11.8% | +0.3% |
| 1964 | 12.9% | +9.4% |
| 1965 | 12.5% | -3.1% |
| 1966 | 12.6% | +1.0% |
| 1967 | 13.0% | +3.4% |
| 1968 | 14.0% | +7.5% |
| 1969 | 14.4% | +2.8% |
| 1970 | 12.8% | -11.1% |
| 1971 | 13.0% | +1.5% |
| 1972 | 13.5% | +4.3% |
| 1973 | 14.2% | +4.6% |
| 1974 | 15.2% | +7.3% |
| 1975 | 18.0% | +18.5% |
| 1976 | 20.2% | +12.1% |
| 1977 | 22.4% | +11.0% |
| 1978 | 21.5% | -4.2% |
| 1979 | 21.9% | +1.9% |
| 1980 | 24.9% | +13.6% |
| 1981 | 12.8% | -48.4% |
| 1982 | 13.1% | +2.4% |
| 1983 | 14.2% | +7.7% |
| 1984 | 15.3% | +8.0% |
| 1985 | 15.3% | +0.1% |
| 1986 | 16.3% | +6.7% |
| 1987 | 16.2% | -0.6% |
| 1988 | 16.6% | +2.2% |
| 1989 | 15.9% | -4.3% |
| 1990 | 16.3% | +2.7% |
| 1991 | 16.4% | +0.8% |
| 1992 | 17.0% | +3.6% |
| 1993 | 16.4% | -3.4% |
| 1994 | 16.1% | -2.1% |
| 1995 | 12.5% | -22.4% |
| 1996 | 10.9% | -13.0% |
| 1997 | 11.3% | +3.8% |
| 1998 | 12.0% | +6.5% |
| 1999 | 14.4% | +19.7% |
| 2000 | 15.2% | +5.7% |
| 2001 | 111.9% | +636.7% |
| 2002 | 113.3% | +1.3% |
| 2003 | 107.4% | -5.2% |
| 2004 | 92.3% | -14.1% |
| 2005 | 90.9% | -1.5% |
| 2006 | 86.1% | -5.3% |
| 2007 | 90.6% | +5.2% |
| 2008 | 96.1% | +6.1% |
| 2009 | 121.6% | +26.6% |
| 2010 | 110.0% | -9.6% |
| 2011 | 114.5% | +4.0% |
| 2012 | 127.8% | +11.6% |
| 2013 | 126.3% | -1.2% |
| 2014 | 136.0% | +7.7% |
| 2015 | 23.4% | -82.8% |
| 2016 | 26.8% | +14.2% |
| 2017 | 25.2% | -5.9% |
| 2018 | 25.8% | +2.3% |
| 2019 | 20.5% | -20.5% |
| 2020 | 23.0% | +12.1% |
| 2021 | 23.9% | +4.2% |
| 2022 | 24.3% | +1.4% |
| 2023 | 28.7% | +18.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.6% | 11.3% | 14.4% | 10 |
| 1970s | 17.3% | 12.8% | 22.4% | 10 |
| 1980s | 16.1% | 12.8% | 24.9% | 10 |
| 1990s | 14.3% | 10.9% | 17.0% | 10 |
| 2000s | 92.5% | 15.2% | 121.6% | 10 |
| 2010s | 73.6% | 20.5% | 136.0% | 10 |
| 2020s | 25.0% | 23.0% | 28.7% | 4 |
Countries ranked near Africa Western and Central
More financial sector data for Africa Western and Central
- Net migration -338,771 (2025)
- Domestic credit to private sector by banks 15.1% (2023)
- Monetary Sector credit to private sector 12.6% (2022)
- Claims on central government, etc. 10.2% (2022)
- Domestic credit to private sector 12.6% (2022)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 13.92 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports 7.16 (2025)
- Net migration, annual growth rate -103.45 % change on previous year (2024)
Frequently asked questions
- What is broad money in Africa Western and Central?
- Broad money in Africa Western and Central was 28.7% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Africa Western and Central?
- The highest recorded value was 136.0% in 2014.
- What is the lowest broad money recorded in Africa Western and Central?
- The lowest recorded value was 10.9% in 1996.
- How does Africa Western and Central rank for broad money?
- Africa Western and Central ranks 43rd out of 44 groups with data for 2023.
- Is broad money rising or falling in Africa Western and Central?
- Over the last ten years it is down 77.3%. The long-run trend across the full record is volatile.
- Where does this Africa Western and Central data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.