Broad money to total reserves ratio (International Financial) in Zambia
Zambia: Broad money to total reserves ratio (International Financial) was 1.92 in 2024. ◆ Volatile
Broad money to total reserves ratio in Zambia, 1965–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2024, broad money to total reserves ratio in Zambia stood at 1.92.
Compared with earlier readings it is down 26.3% on the previous year and up 4.0% over ten years.
Over the whole period, broad money to total reserves ratio in Zambia peaked at 17.14 in 1984 and was at its lowest, 0.7384, in 1965.
Zambia ranks 128th of 159 countries 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 to total reserves ratio (International Financial) in Zambia, year by year
| Year | Value | Change |
|---|---|---|
| 1965 | 0.7384 | — |
| 1966 | 0.9348 | +26.6% |
| 1967 | 1.27 | +35.4% |
| 1968 | 1.52 | +20.2% |
| 1969 | 1.07 | -29.9% |
| 1970 | 0.9669 | -9.4% |
| 1971 | 1.56 | +61.4% |
| 1972 | 2.79 | +78.6% |
| 1973 | 3.03 | +8.7% |
| 1974 | 3.5 | +15.6% |
| 1975 | 4.64 | +32.5% |
| 1976 | 7.71 | +66.4% |
| 1977 | 9.41 | +22.0% |
| 1978 | 8.27 | -12.1% |
| 1979 | 5.49 | -33.6% |
| 1980 | 5.58 | +1.6% |
| 1981 | 7.9 | +41.6% |
| 1982 | 8.96 | +13.4% |
| 1983 | 8.41 | -6.1% |
| 1984 | 17.14 | +103.7% |
| 1985 | 3.33 | -80.6% |
| 1986 | 7.29 | +119.1% |
| 1987 | 5.94 | -18.5% |
| 1988 | 8.79 | +47.9% |
| 1989 | 9.84 | +12.0% |
| 1990 | 3.57 | -63.8% |
| 1991 | 3.92 | +10.0% |
| 1993 | 2.4 | -39.0% |
| 1994 | 1.85 | -22.8% |
| 1995 | 2.68 | +45.0% |
| 1996 | 2.59 | -3.4% |
| 1997 | 2.77 | +7.0% |
| 1998 | 8.47 | +205.6% |
| 1999 | 12.89 | +52.1% |
| 2000 | 3.19 | -75.2% |
| 2001 | 3.99 | +25.0% |
| 2002 | 1.44 | -63.9% |
| 2003 | 3.61 | +150.9% |
| 2004 | 3.46 | -4.0% |
| 2005 | 2.31 | -33.4% |
| 2006 | 3.2 | +38.8% |
| 2007 | 2.38 | -25.5% |
| 2008 | 3.12 | +31.0% |
| 2009 | 1.45 | -53.7% |
| 2010 | 1.78 | +23.4% |
| 2011 | 1.93 | +8.2% |
| 2012 | 1.64 | -15.0% |
| 2013 | 2.14 | +30.6% |
| 2014 | 1.85 | -13.9% |
| 2015 | 1.85 | +0.0% |
| 2016 | 1.84 | -0.5% |
| 2017 | 2.73 | +48.6% |
| 2018 | 3.84 | +40.6% |
| 2019 | 3.8 | -1.1% |
| 2020 | 4.7 | +23.9% |
| 2021 | 1.95 | -58.5% |
| 2022 | 2.67 | +36.6% |
| 2023 | 2.6 | -2.4% |
| 2024 | 1.92 | -26.3% |
Zambia compared with similar countries
- Zambia's 1.92 is below the median for lower middle income countries, which is 2.83, 68% of the median. (42 countries reporting)
- Zambia's 1.92 is below the median for Sub-Saharan Africa, which is 2.91, 66% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.11 | 0.7384 | 1.52 | 5 |
| 1970s | 4.74 | 0.9669 | 9.41 | 10 |
| 1980s | 8.32 | 3.33 | 17.14 | 10 |
| 1990s | 4.57 | 1.85 | 12.89 | 9 |
| 2000s | 2.81 | 1.44 | 3.99 | 10 |
| 2010s | 2.34 | 1.64 | 3.84 | 10 |
| 2020s | 2.77 | 1.92 | 4.7 | 5 |
Countries ranked near Zambia
- 125 Czechia 2.06 compare
- 126 Romania 1.96 compare
- 127 North Macedonia 1.95 compare
- 129 Kyrgyzstan 1.88 compare
- 130 Switzerland 1.87 compare
- 131 Suriname 1.83 compare
More financial sector data for Zambia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0011 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0008 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0011 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is broad money to total reserves ratio in Zambia?
- Broad money to total reserves ratio in Zambia was 1.92 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Zambia?
- The highest recorded value was 17.14 in 1984.
- What is the lowest broad money to total reserves ratio recorded in Zambia?
- The lowest recorded value was 0.7384 in 1965.
- How does Zambia rank for broad money to total reserves ratio?
- Zambia ranks 128th out of 159 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in Zambia?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is volatile.
- Where does this Zambia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).