Broad money (% of GDP) in Canada
Canada: Broad money (% of GDP) was 122.6% in 2008. ▲ Rising
Broad money in Canada, 1960–2008
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2008, broad money in Canada stood at 122.6%.
The figure is up 9.4% on the previous year and up 64.8% over ten years.
Over the whole period, broad money in Canada peaked at 158.7% in 2006 and was at its lowest, 35.9%, in 1962.
That places Canada 17th out of 167 countries with data for 2008, putting it in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Broad money (% of GDP) in Canada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 37.0% | — |
| 1961 | 37.9% | +2.6% |
| 1962 | 35.9% | -5.5% |
| 1963 | 37.2% | +3.7% |
| 1964 | 37.3% | +0.2% |
| 1965 | 37.3% | -0.1% |
| 1966 | 42.8% | +14.9% |
| 1967 | 45.6% | +6.5% |
| 1968 | 47.6% | +4.4% |
| 1969 | 46.9% | -1.5% |
| 1970 | 47.8% | +1.8% |
| 1971 | 48.1% | +0.8% |
| 1972 | 49.3% | +2.5% |
| 1973 | 51.0% | +3.3% |
| 1974 | 50.8% | -0.3% |
| 1975 | 52.2% | +2.8% |
| 1976 | 53.6% | +2.7% |
| 1977 | 55.7% | +3.9% |
| 1978 | 58.7% | +5.4% |
| 1979 | 60.6% | +3.2% |
| 1980 | 60.4% | -0.3% |
| 1981 | 68.3% | +13.1% |
| 1982 | 68.7% | +0.5% |
| 1983 | 64.8% | -5.7% |
| 1984 | 63.5% | -2.0% |
| 1985 | 62.9% | -1.0% |
| 1986 | 64.8% | +3.1% |
| 1987 | 64.5% | -0.5% |
| 1988 | 66.3% | +2.8% |
| 1989 | 70.2% | +5.8% |
| 1990 | 73.3% | +4.4% |
| 1991 | 75.4% | +3.0% |
| 1992 | 78.4% | +3.9% |
| 1993 | 76.8% | -2.0% |
| 1994 | 75.8% | -1.3% |
| 1995 | 75.7% | -0.2% |
| 1996 | 76.2% | +0.6% |
| 1997 | 75.4% | -1.0% |
| 1998 | 74.4% | -1.2% |
| 1999 | 73.2% | -1.7% |
| 2000 | 71.1% | -2.8% |
| 2001 | 154.6% | +117.5% |
| 2002 | 152.2% | -1.6% |
| 2003 | 145.5% | -4.4% |
| 2004 | 144.2% | -0.9% |
| 2005 | 148.5% | +3.0% |
| 2006 | 158.7% | +6.8% |
| 2007 | 112.1% | -29.4% |
| 2008 | 122.6% | +9.4% |
Canada compared with similar countries
- Canada's 122.6% is above the median for high income countries, which is 83.3%, 1.5× the median. (41 countries reporting)
Biggest year-on-year movements
Years where Broad money (% of GDP) 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 | +117.5% | 71.1% | 154.6% |
| 2007 | -29.4% | 158.7% | 112.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 40.6% | 35.9% | 47.6% | 10 |
| 1970s | 52.8% | 47.8% | 60.6% | 10 |
| 1980s | 65.4% | 60.4% | 70.2% | 10 |
| 1990s | 75.5% | 73.2% | 78.4% | 10 |
| 2000s | 134.4% | 71.1% | 158.7% | 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 in Canada?
- Broad money in Canada was 122.6% in 2008, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Canada?
- The highest recorded value was 158.7% in 2006.
- What is the lowest broad money recorded in Canada?
- The lowest recorded value was 35.9% in 1962.
- How does Canada rank for broad money?
- Canada ranks 17th out of 167 countries with data for 2008.
- Is broad money rising or falling in Canada?
- Over the last ten years it is up 64.8%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 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.