Broad money in Sub-Saharan Africa
Sub-Saharan Africa: Broad money was 38.7% in 2023. ▲ Rising
Broad money in Sub-Saharan Africa, 1965–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for broad money in Sub-Saharan Africa is 38.7%, measured in 2023.
The figure is up 9.6% on the previous year and down 53.7% over ten years.
Over the whole period, broad money in Sub-Saharan Africa peaked at 89.5% in 2014 and was at its lowest, 23.0%, in 1981.
Sub-Saharan Africa ranks 36th of 44 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 59 years of available data.
Broad money in Sub-Saharan Africa, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1965 | 25.7% | — |
| 1966 | 23.7% | -7.6% |
| 1967 | 24.6% | +3.6% |
| 1968 | 25.8% | +5.0% |
| 1969 | 25.9% | +0.3% |
| 1970 | 26.2% | +1.3% |
| 1971 | 26.9% | +2.5% |
| 1972 | 27.3% | +1.4% |
| 1973 | 28.6% | +4.8% |
| 1974 | 27.7% | -3.0% |
| 1975 | 29.2% | +5.5% |
| 1976 | 28.5% | -2.6% |
| 1977 | 29.5% | +3.5% |
| 1978 | 29.9% | +1.4% |
| 1979 | 29.7% | -0.6% |
| 1980 | 31.0% | +4.4% |
| 1981 | 23.0% | -25.8% |
| 1982 | 23.4% | +1.5% |
| 1983 | 28.2% | +20.9% |
| 1984 | 27.2% | -3.7% |
| 1985 | 25.5% | -6.2% |
| 1986 | 26.4% | +3.7% |
| 1987 | 28.5% | +7.8% |
| 1988 | 29.7% | +4.2% |
| 1989 | 30.3% | +2.1% |
| 1990 | 29.1% | -4.0% |
| 1991 | 29.0% | -0.3% |
| 1992 | 30.5% | +4.9% |
| 1993 | 28.8% | -5.5% |
| 1994 | 29.1% | +1.0% |
| 1995 | 26.4% | -9.3% |
| 1996 | 24.1% | -8.8% |
| 1997 | 25.0% | +4.0% |
| 1998 | 24.8% | -0.8% |
| 1999 | 31.4% | +26.2% |
| 2000 | 28.9% | -7.8% |
| 2001 | 66.4% | +129.7% |
| 2002 | 70.4% | +6.0% |
| 2003 | 66.6% | -5.4% |
| 2004 | 61.3% | -7.9% |
| 2005 | 62.5% | +2.0% |
| 2006 | 63.0% | +0.7% |
| 2007 | 66.3% | +5.3% |
| 2008 | 69.7% | +5.2% |
| 2009 | 80.5% | +15.5% |
| 2010 | 75.0% | -6.8% |
| 2011 | 76.5% | +2.0% |
| 2012 | 83.2% | +8.6% |
| 2013 | 83.5% | +0.4% |
| 2014 | 89.5% | +7.2% |
| 2015 | 35.4% | -60.4% |
| 2016 | 36.8% | +4.0% |
| 2017 | 36.2% | -1.7% |
| 2018 | 36.7% | +1.3% |
| 2019 | 32.9% | -10.3% |
| 2020 | 36.1% | +9.6% |
| 2021 | 36.2% | +0.2% |
| 2022 | 35.3% | -2.4% |
| 2023 | 38.7% | +9.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 25.2% | 23.7% | 25.9% | 5 |
| 1970s | 28.3% | 26.2% | 29.9% | 10 |
| 1980s | 27.3% | 23.0% | 31.0% | 10 |
| 1990s | 27.8% | 24.1% | 31.4% | 10 |
| 2000s | 63.6% | 28.9% | 80.5% | 10 |
| 2010s | 58.6% | 32.9% | 89.5% | 10 |
| 2020s | 36.6% | 35.3% | 38.7% | 4 |
Countries ranked near Sub-Saharan Africa
- 33 Brunei Darussalam 89.1% compare
- 34 Kuwait 87.4% compare
- 35 Czechia 87.0% compare
- 36 Philippines 85.9% compare
- 37 Tunisia 85.3% compare
- 38 Micronesia, Federated States of 84.9% compare
- 39 Seychelles 84.7% compare
More financial sector data for Sub-Saharan Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.1205 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.28 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.1205 % change on previous year (2025)
Frequently asked questions
- What is broad money in Sub-Saharan Africa?
- Broad money in Sub-Saharan Africa was 38.7% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Sub-Saharan Africa?
- The highest recorded value was 89.5% in 2014.
- What is the lowest broad money recorded in Sub-Saharan Africa?
- The lowest recorded value was 23.0% in 1981.
- How does Sub-Saharan Africa rank for broad money?
- Sub-Saharan Africa ranks 36th out of 44 groups with data for 2023.
- Is broad money rising or falling in Sub-Saharan Africa?
- Over the last ten years it is down 53.7%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa 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.