Claims on central government (annual growth as % of broad money) by country
Claims on central government include loans to central government institutions net of deposits. 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...
Countries reporting
167
Highest
156.4%
Micronesia (country)
Lowest
-23.6%
Libya
Median
2.5%
Years covered
65
1961–2025
Data points
8,354
What the numbers show
Claims on central government (annual growth as % of broad money) is currently reported for 167 countries. The highest value is 156.4% in Micronesia (country); the lowest is -23.6% in Libya.
The median across all reporting countries is 2.5%, and the mean is 5.4%.
The gap between the highest and lowest reporting country is a factor of about 7.
Over the past decade 100 countries rose and 67 fell. The largest increase was in Sierra Leone (up 134,852.0%), and the largest decrease in Switzerland (down 1,449.2%).
Claims on central government (annual growth as % of broad money): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Micronesia (country) | 156.4% | 2021 | up 1,653.0% | volatile |
| 2 | Zimbabwe | 92.3% | 2023 | up 1,076.5% | volatile |
| 3 | South Sudan | 92.0% | 2025 | up 32.5% | volatile |
| 4 | Grenada | 68.3% | 2025 | up 1,883.9% | volatile |
| 5 | Malawi | 49.2% | 2024 | up 520.1% | volatile |
| 6 | Argentina | 36.7% | 2025 | down 26.5% | volatile |
| 7 | Equatorial Guinea | 25.3% | 2023 | up 344.1% | volatile |
| 8 | Guinea | 22.2% | 2025 | up 1.6% | volatile |
| 9 | Sudan | 21.2% | 2021 | up 0.6% | volatile |
| 10 | Sierra Leone | 19.5% | 2025 | up 134,852.0% | volatile |
| 11 | Chad | 17.5% | 2021 | up 196.2% | volatile |
| 12 | Syria | 17.4% | 2011 | up 159.0% | volatile |
| 13 | Angola | 17.1% | 2025 | up 208.7% | volatile |
| 14 | Suriname | 16.3% | 2025 | up 15.4% | volatile |
| 15 | Guyana | 16.2% | 2025 | up 166.1% | volatile |
| 16 | Yemen | 15.9% | 2013 | up 24.5% | volatile |
| 17 | Bolivia | 14.7% | 2025 | up 329.9% | volatile |
| 18 | Pakistan | 13.8% | 2025 | up 74.4% | volatile |
| 19 | Saint Kitts and Nevis | 12.2% | 2025 | up 158.2% | volatile |
| 20 | Algeria | 11.2% | 2025 | down 45.3% | volatile |
| 21 | Papua New Guinea | 11.0% | 2020 | up 267.4% | volatile |
| 22 | Saudi Arabia | 10.6% | 2017 | up 145.6% | volatile |
| 23 | Congo | 9.9% | 2023 | up 7,258.2% | volatile |
| 24 | Myanmar | 9.5% | 2020 | down 70.9% | volatile |
| 25 | Iraq | 9.2% | 2024 | up 232.1% | volatile |
| 26 | Rwanda | 8.7% | 2025 | up 491.8% | volatile |
| 27 | Maldives | 8.6% | 2025 | up 4.1% | volatile |
| 28 | Egypt | 8.6% | 2025 | down 55.5% | volatile |
| 29 | Azerbaijan | 8.4% | 2025 | up 202.1% | volatile |
| 30 | Brazil | 8.1% | 2025 | up 174.8% | volatile |
| 31 | Tunisia | 7.9% | 2025 | up 2,527.3% | volatile |
| 32 | Qatar | 7.3% | 2025 | down 30.6% | volatile |
| 33 | Central African Republic | 7.3% | 2022 | up 509.1% | volatile |
| 34 | Nepal | 7.1% | 2025 | up 263.1% | volatile |
| 35 | Botswana | 6.8% | 2025 | up 135.3% | volatile |
| 36 | Togo | 6.7% | 2025 | up 424.9% | volatile |
| 37 | Mali | 6.7% | 2025 | up 226.0% | volatile |
| 38 | Sri Lanka | 6.7% | 2019 | up 75.2% | volatile |
| 39 | Burkina Faso | 6.7% | 2025 | up 634.8% | volatile |
| 40 | Burundi | 6.5% | 2025 | down 76.5% | volatile |
| 41 | Turkey | 6.4% | 2025 | up 873.4% | volatile |
| 42 | Kuwait | 6.4% | 2025 | up 345.7% | volatile |
| 43 | Madagascar | 6.1% | 2024 | up 136.5% | volatile |
| 44 | Trinidad and Tobago | 5.8% | 2025 | up 490.8% | volatile |
| 45 | Bangladesh | 5.7% | 2025 | up 140.0% | volatile |
| 46 | Iran | 5.7% | 2016 | up 187.6% | volatile |
| 47 | Senegal | 5.6% | 2025 | up 6.8% | volatile |
| 48 | Cameroon | 5.4% | 2019 | up 296.9% | volatile |
| 49 | Gambia | 5.4% | 2024 | down 72.3% | volatile |
| 50 | Kenya | 5.3% | 2025 | up 63.5% | volatile |
| 51 | North Macedonia | 5.3% | 2025 | down 8.6% | volatile |
| 52 | Belarus | 5.2% | 2021 | up 106.2% | volatile |
| 53 | Mozambique | 5.1% | 2025 | down 58.1% | volatile |
| 54 | Venezuela | 4.9% | 2013 | up 128.4% | volatile |
| 55 | Hungary | 4.8% | 2024 | up 107.4% | volatile |
| 56 | Bahrain | 4.8% | 2015 | up 226.2% | volatile |
| 57 | Canada | 4.6% | 2008 | up 2,767.5% | volatile |
| 58 | Guatemala | 4.5% | 2025 | up 489.8% | volatile |
| 59 | Peru | 4.5% | 2023 | up 329.9% | volatile |
| 60 | Niger | 4.4% | 2025 | down 51.9% | volatile |
| 61 | Belize | 4.3% | 2025 | down 60.4% | volatile |
| 62 | Sao Tome and Principe | 4.3% | 2023 | up 171.7% | volatile |
| 63 | Gabon | 4.2% | 2019 | down 4.9% | volatile |
| 64 | Mexico | 4.0% | 2025 | up 8,212.6% | volatile |
| 65 | Democratic Republic of Congo | 3.7% | 2023 | down 32.2% | volatile |
| 66 | Comoros | 3.5% | 2024 | up 7.8% | volatile |
| 67 | Bahamas | 3.5% | 2023 | down 33.0% | volatile |
| 68 | Czechia | 3.5% | 2024 | down 34.3% | volatile |
| 69 | Norway | 3.4% | 2025 | up 1,239.2% | volatile |
| 70 | Philippines | 3.4% | 2023 | up 10,343.6% | volatile |
| 71 | China | 3.4% | 2024 | up 522.9% | volatile |
| 72 | Thailand | 3.3% | 2025 | up 2,942.8% | volatile |
| 73 | Serbia | 3.2% | 2025 | down 32.1% | volatile |
| 74 | Colombia | 3.1% | 2025 | up 4,512.1% | volatile |
| 75 | Indonesia | 3.1% | 2025 | up 150.1% | volatile |
| 76 | South Africa | 3.0% | 2025 | up 188.8% | volatile |
| 77 | Benin | 3.0% | 2025 | up 1,970.8% | volatile |
| 78 | Zambia | 3.0% | 2025 | down 41.0% | volatile |
| 79 | Cote d'Ivoire | 2.9% | 2025 | up 311.1% | volatile |
| 80 | Bulgaria | 2.9% | 2024 | up 381.0% | volatile |
| 81 | Romania | 2.7% | 2025 | up 0.3% | volatile |
| 82 | Singapore | 2.5% | 2020 | up 151.0% | volatile |
| 83 | Palestine | 2.5% | 2025 | down 41.5% | volatile |
| 84 | Ethiopia | 2.5% | 2008 | down 47.9% | volatile |
| 85 | Mauritius | 2.4% | 2025 | up 447.6% | volatile |
| 86 | India | 2.2% | 2022 | down 54.8% | volatile |
| 87 | Vanuatu | 2.2% | 2024 | up 367.0% | volatile |
| 88 | Bosnia and Herzegovina | 2.2% | 2025 | up 321.1% | volatile |
| 89 | Israel | 2.2% | 2025 | up 1,190.3% | volatile |
| 90 | Chile | 2.1% | 2025 | up 457.0% | volatile |
| 91 | Poland | 1.9% | 2024 | down 17.9% | volatile |
| 92 | United States | 1.6% | 2025 | up 430.3% | volatile |
| 93 | Nigeria | 1.6% | 2023 | down 73.1% | volatile |
| 94 | Laos | 1.5% | 2010 | up 108.6% | volatile |
| 95 | Paraguay | 1.4% | 2025 | up 252.8% | volatile |
| 96 | Jordan | 1.3% | 2025 | up 44.9% | volatile |
| 97 | Solomon Islands | 1.2% | 2025 | down 38.8% | volatile |
| 98 | Albania | 1.2% | 2025 | up 143.8% | volatile |
| 99 | Georgia | 1.2% | 2025 | up 1,014.3% | volatile |
| 100 | Eritrea | 1.1% | 2014 | down 90.3% | volatile |
| 101 | South Korea | 1.0% | 2024 | up 28.6% | volatile |
| 102 | Morocco | 0.9% | 2025 | up 123.4% | volatile |
| 103 | Uruguay | 0.8% | 2025 | up 118.3% | volatile |
| 104 | Honduras | 0.8% | 2025 | up 133.2% | volatile |
| 105 | Hong Kong | 0.4% | 2025 | up 0.2% | volatile |
| 106 | Tanzania | 0.2% | 2024 | down 96.4% | volatile |
| 107 | Tajikistan | 0.2% | 2023 | down 94.6% | volatile |
| 108 | Ghana | 0.2% | 2025 | up 109.7% | volatile |
| 109 | Moldova | 0.1% | 2025 | down 55.2% | volatile |
| 110 | United Arab Emirates | 0.1% | 2025 | down 98.5% | volatile |
| 111 | Barbados | 0.0% | 2023 | down 99.5% | volatile |
| 112 | Namibia | 0.0% | 2022 | up 101.4% | volatile |
| 113 | Malaysia | -0.0% | 2025 | down 113.6% | volatile |
| 114 | Seychelles | -0.0% | 2025 | up 95.3% | volatile |
| 115 | New Zealand | -0.1% | 2025 | up 96.0% | volatile |
| 116 | Cambodia | -0.1% | 2025 | up 98.0% | volatile |
| 117 | Ecuador | -0.1% | 2025 | down 115.8% | volatile |
| 118 | Brunei | -0.1% | 2025 | down 101.5% | volatile |
| 119 | Australia | -0.3% | 2025 | down 140.8% | volatile |
| 120 | Armenia | -0.3% | 2025 | down 155.1% | volatile |
| 121 | Saint Lucia | -0.4% | 2025 | up 52.0% | volatile |
| 122 | Bhutan | -0.4% | 2025 | down 110.6% | volatile |
| 123 | Dominican Republic | -0.4% | 2025 | down 105.7% | volatile |
| 124 | Dominica | -0.6% | 2025 | up 92.7% | volatile |
| 125 | Panama | -0.6% | 2009 | up 5.8% | volatile |
| 126 | Haiti | -0.6% | 2024 | down 120.0% | volatile |
| 127 | Djibouti | -0.7% | 2025 | down 378.4% | volatile |
| 128 | Switzerland | -0.7% | 2017 | down 1,449.2% | volatile |
| 129 | Antigua and Barbuda | -0.8% | 2025 | up 85.2% | volatile |
| 130 | Saint Vincent and the Grenadines | -0.8% | 2025 | down 156.9% | volatile |
| 131 | Sweden | -0.9% | 2024 | up 71.6% | volatile |
| 132 | Afghanistan | -1.1% | 2020 | up 83.7% | volatile |
| 133 | Aruba | -1.2% | 2023 | down 27.9% | volatile |
| 134 | Kosovo | -1.2% | 2024 | down 122.3% | volatile |
| 134 | Kosovo (UNSCR 1244) | -1.2% | 2024 | down 122.3% | volatile |
| 136 | United Kingdom | -1.3% | 2024 | down 165.3% | volatile |
| 137 | El Salvador | -1.7% | 2025 | down 133.7% | volatile |
| 138 | Russia | -1.8% | 2021 | up 61.7% | volatile |
| 139 | Vietnam | -1.9% | 2022 | down 156.4% | volatile |
| 140 | Jamaica | -2.0% | 2025 | up 17.1% | volatile |
| 141 | Iceland | -2.3% | 2025 | down 130.5% | volatile |
| 142 | Uganda | -2.3% | 2025 | down 217.0% | volatile |
| 143 | Cape Verde | -2.6% | 2025 | down 855.5% | volatile |
| 144 | Oman | -2.8% | 2018 | up 86.2% | volatile |
| 145 | Denmark | -2.8% | 2024 | down 6.0% | volatile |
| 146 | Costa Rica | -2.9% | 2025 | down 203.4% | volatile |
| 147 | Kyrgyzstan | -3.3% | 2023 | up 30.1% | volatile |
| 148 | Fiji | -3.3% | 2024 | down 966.6% | volatile |
| 149 | Kazakhstan | -3.4% | 2025 | down 14.4% | volatile |
| 150 | Japan | -3.4% | 2025 | down 316.2% | volatile |
| 151 | Lesotho | -3.5% | 2021 | down 136.1% | volatile |
| 152 | Guinea-Bissau | -3.7% | 2025 | down 115.6% | volatile |
| 153 | Tonga | -3.8% | 2025 | down 284.4% | volatile |
| 154 | Eswatini | -4.6% | 2023 | up 68.9% | volatile |
| 155 | Macao | -5.2% | 2025 | down 211.2% | volatile |
| 156 | Uzbekistan | -5.3% | 2025 | up 74.5% | volatile |
| 157 | Ukraine | -6.6% | 2025 | down 354.6% | volatile |
| 158 | Mauritania | -7.0% | 2019 | down 153.8% | volatile |
| 159 | Samoa | -7.3% | 2025 | down 50.6% | volatile |
| 160 | Mongolia | -7.7% | 2024 | down 169.0% | volatile |
| 161 | Liberia | -8.9% | 2024 | down 243.0% | volatile |
| 162 | Somalia | -10.1% | 1989 | down 122.4% | volatile |
| 163 | Montenegro | -10.7% | 2024 | down 498.5% | volatile |
| 164 | Nicaragua | -12.6% | 2023 | down 631.0% | volatile |
| 165 | East Timor | -13.7% | 2025 | up 37.7% | volatile |
| 166 | Lebanon | -21.3% | 2018 | down 1,094.1% | volatile |
| 167 | Libya | -23.6% | 2022 | up 5.0% | volatile |
About this data
Claims on central government include loans to central government institutions net of deposits. 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 represents the annual percentage growth in the ratio of claims to broad money.