Broad money in Caribbean Small States
Caribbean Small States: Broad money was 53.5% in 2024. ▲ Rising
Broad money in Caribbean Small States, 1967–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, broad money in Caribbean Small States stood at 53.5%.
That represents a change of down 17.2% on the previous year and down 13.8% over ten years.
Over the whole period, broad money in Caribbean Small States peaked at 84.5% in 2020 and was at its lowest, 26.9%, in 1967.
Caribbean Small States ranks 30th of 44 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 58 years of available data.
Broad money in Caribbean Small States, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1967 | 26.9% | — |
| 1968 | 27.9% | +3.6% |
| 1969 | 31.8% | +14.1% |
| 1970 | 32.4% | +1.7% |
| 1971 | 34.8% | +7.4% |
| 1972 | 36.5% | +5.0% |
| 1973 | 34.5% | -5.6% |
| 1974 | 29.8% | -13.5% |
| 1975 | 31.4% | +5.3% |
| 1976 | 36.0% | +14.6% |
| 1977 | 36.3% | +0.9% |
| 1978 | 38.2% | +5.2% |
| 1979 | 37.8% | -1.0% |
| 1980 | 32.9% | -12.9% |
| 1981 | 35.9% | +9.1% |
| 1982 | 40.2% | +11.9% |
| 1983 | 44.6% | +10.9% |
| 1984 | 45.6% | +2.3% |
| 1985 | 48.0% | +5.2% |
| 1986 | 50.9% | +6.1% |
| 1987 | 52.5% | +3.1% |
| 1988 | 55.4% | +5.6% |
| 1989 | 49.0% | -11.6% |
| 1990 | 47.1% | -3.8% |
| 1991 | 47.4% | +0.5% |
| 1992 | 46.9% | -0.9% |
| 1993 | 49.3% | +5.1% |
| 1994 | 48.9% | -0.9% |
| 1995 | 49.5% | +1.3% |
| 1996 | 52.4% | +5.8% |
| 1997 | 49.2% | -6.0% |
| 1998 | 51.6% | +4.8% |
| 1999 | 50.7% | -1.8% |
| 2000 | 51.0% | +0.6% |
| 2001 | 55.4% | +8.6% |
| 2002 | 56.7% | +2.3% |
| 2003 | 53.6% | -5.5% |
| 2004 | 55.2% | +3.1% |
| 2005 | 55.9% | +1.2% |
| 2006 | 54.3% | -2.8% |
| 2007 | 55.0% | +1.2% |
| 2008 | 52.2% | -5.1% |
| 2009 | 67.1% | +28.5% |
| 2010 | 58.1% | -13.3% |
| 2011 | 55.1% | -5.3% |
| 2012 | 60.7% | +10.2% |
| 2013 | 60.9% | +0.3% |
| 2014 | 62.1% | +1.9% |
| 2015 | 65.6% | +5.8% |
| 2016 | 71.1% | +8.4% |
| 2017 | 68.8% | -3.3% |
| 2018 | 68.6% | -0.2% |
| 2019 | 70.0% | +1.9% |
| 2020 | 84.5% | +20.7% |
| 2021 | 75.4% | -10.8% |
| 2022 | 63.8% | -15.4% |
| 2023 | 64.6% | +1.3% |
| 2024 | 53.5% | -17.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 28.9% | 26.9% | 31.8% | 3 |
| 1970s | 34.8% | 29.8% | 38.2% | 10 |
| 1980s | 45.5% | 32.9% | 55.4% | 10 |
| 1990s | 49.3% | 46.9% | 52.4% | 10 |
| 2000s | 55.6% | 51.0% | 67.1% | 10 |
| 2010s | 64.1% | 55.1% | 71.1% | 10 |
| 2020s | 68.4% | 53.5% | 84.5% | 5 |
Countries ranked near Caribbean Small States
- 27 New Zealand 99.6% compare
- 28 Barbados 97.5% compare
- 29 Qatar 94.7% compare
- 30 Cape Verde 94.2% compare
- 31 Grenada 92.0% compare
- 32 Fiji 90.4% compare
- 33 Brunei Darussalam 89.1% compare
More financial sector data for Caribbean Small States
- Total reserves in months of imports, annual growth rate -27.8 % change on previous year (2025)
- Domestic credit to private sector by banks 32.7% (2025)
- Total reserves in months of imports 3.57 (2025)
- Monetary Sector credit to private sector 32.7% (2025)
- Claims on central government, etc. 11.5% (2025)
- Domestic credit to private sector 34.4% (2025)
- Net migration -5,294 (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Net migration, annual growth rate -7.27 % change on previous year (2025)
Frequently asked questions
- What is broad money in Caribbean Small States?
- Broad money in Caribbean Small States was 53.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Caribbean Small States?
- The highest recorded value was 84.5% in 2020.
- What is the lowest broad money recorded in Caribbean Small States?
- The lowest recorded value was 26.9% in 1967.
- How does Caribbean Small States rank for broad money?
- Caribbean Small States ranks 30th out of 44 groups with data for 2024.
- Is broad money rising or falling in Caribbean Small States?
- Over the last ten years it is down 13.8%. The long-run trend across the full record is rising.
- Where does this Caribbean Small States 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 — 58 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.