Broad money to total reserves ratio by country
Broad money to total reserves ratio
Countries reporting
152
Highest
54.43 ratio
Sudan
Lowest
0 ratio
Sierra Leone
Median
2.88 ratio
Years covered
24
2000–2023
Data points
3,350
What the numbers show
Broad money to total reserves ratio is currently reported for 152 countries. The highest value is 54.43 ratio in Sudan; the lowest is 0 ratio in Sierra Leone.
The median across all reporting countries is 2.88 ratio, and the mean is 5.45 ratio.
Over the past decade 85 countries rose and 67 fell. The largest increase was in Burundi (up 765.8%), and the largest decrease in Sierra Leone (down 100.0%).
Broad money to total reserves ratio: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Sudan | 54.43 ratio | 2017 | up 666.6% | volatile |
| 2 | Canada | 43.41 ratio | 2008 | up 165.8% | rising |
| 3 | Zimbabwe | 43.14 ratio | 2023 | up 426.7% | volatile |
| 4 | United States | 35.53 ratio | 2023 | up 6.7% | falling |
| 5 | Australia | 35.5 ratio | 2023 | up 12.8% | rising |
| 6 | Eritrea | 29.63 ratio | 2014 | down 28.0% | falling |
| 7 | United Kingdom | 27.95 ratio | 2023 | down 17.9% | falling |
| 8 | Burundi | 16.71 ratio | 2023 | up 765.8% | volatile |
| 9 | New Zealand | 16.38 ratio | 2023 | up 50.8% | rising |
| 10 | Ecuador | 14.26 ratio | 2023 | up 64.9% | rising |
| 11 | Chad | 12.75 ratio | 2021 | up 727.9% | volatile |
| 12 | Palestine | 12.47 ratio | 2023 | up 14.0% | rising |
| 13 | China | 11.76 ratio | 2023 | up 155.7% | rising |
| 14 | Ethiopia | 10.56 ratio | 2008 | up 34.4% | rising |
| 15 | Pakistan | 10.48 ratio | 2023 | down 33.6% | rising |
| 16 | Egypt | 10.47 ratio | 2023 | down 19.5% | volatile |
| 17 | Bangladesh | 10.25 ratio | 2023 | up 101.4% | falling |
| 18 | Argentina | 10.08 ratio | 2023 | up 104.9% | volatile |
| 19 | Japan | 8.95 ratio | 2023 | down 6.7% | falling |
| 20 | Democratic Republic of Congo | 8.88 ratio | 2018 | down 58.9% | volatile |
| 21 | Bolivia | 8.74 ratio | 2021 | up 515.5% | volatile |
| 22 | Panama | 8.09 ratio | 2008 | down 37.6% | falling |
| 23 | Sweden | 7.66 ratio | 2023 | up 29.0% | flat |
| 24 | Bahrain | 7.53 ratio | 2015 | up 65.5% | rising |
| 25 | South Korea | 7.1 ratio | 2023 | up 40.0% | rising |
| 26 | South Sudan | 7.05 ratio | 2020 | up 305.2% | volatile |
| 27 | Sri Lanka | 6.92 ratio | 2019 | up 135.4% | rising |
| 28 | Brazil | 6.8 ratio | 2023 | up 25.5% | falling |
| 29 | Ghana | 6.66 ratio | 2023 | up 169.6% | rising |
| 30 | Maldives | 6.52 ratio | 2023 | up 56.0% | rising |
| 31 | Vietnam | 6.51 ratio | 2022 | up 0.3% | rising |
| 32 | Chile | 6.13 ratio | 2023 | up 10.6% | rising |
| 33 | Congo | 6.08 ratio | 2023 | up 607.0% | volatile |
| 34 | Kenya | 5.89 ratio | 2023 | up 66.9% | rising |
| 35 | Djibouti | 5.68 ratio | 2023 | up 94.5% | falling |
| 36 | Guyana | 5.53 ratio | 2023 | up 116.0% | rising |
| 37 | El Salvador | 5.16 ratio | 2021 | up 22.0% | rising |
| 38 | Morocco | 4.76 ratio | 2023 | down 26.4% | rising |
| 39 | Belize | 4.69 ratio | 2023 | up 52.8% | falling |
| 40 | Antigua and Barbuda | 4.41 ratio | 2023 | down 24.2% | falling |
| 40 | South Africa | 4.41 ratio | 2023 | down 15.8% | falling |
| 42 | Barbados | 4.39 ratio | 2023 | down 39.1% | volatile |
| 43 | Malaysia | 4.37 ratio | 2023 | up 30.1% | rising |
| 44 | Turkey | 4.23 ratio | 2023 | up 11.0% | rising |
| 45 | Tunisia | 4.19 ratio | 2023 | down 0.5% | falling |
| 46 | India | 4.07 ratio | 2021 | down 15.4% | flat |
| 47 | Hong Kong | 4.04 ratio | 2023 | up 28.7% | falling |
| 48 | Saint Kitts and Nevis | 3.98 ratio | 2023 | up 0.3% | falling |
| 49 | Nepal | 3.97 ratio | 2023 | up 31.0% | rising |
| 50 | Indonesia | 3.96 ratio | 2023 | up 10.3% | rising |
| 51 | Qatar | 3.85 ratio | 2023 | up 29.2% | falling |
| 52 | Bhutan | 3.81 ratio | 2023 | up 273.5% | volatile |
| 53 | Armenia | 3.66 ratio | 2023 | up 117.9% | rising |
| 53 | Bahamas | 3.66 ratio | 2022 | down 53.5% | falling |
| 55 | Norway | 3.63 ratio | 2023 | down 31.4% | rising |
| 56 | Saint Lucia | 3.62 ratio | 2023 | down 43.1% | falling |
| 57 | Philippines | 3.61 ratio | 2022 | up 105.1% | rising |
| 58 | Mexico | 3.59 ratio | 2023 | up 54.1% | falling |
| 58 | Sao Tome and Principe | 3.59 ratio | 2023 | up 101.7% | volatile |
| 60 | Malawi | 3.46 ratio | 2020 | down 26.8% | volatile |
| 60 | Nigeria | 3.46 ratio | 2022 | up 34.6% | rising |
| 62 | Iceland | 3.45 ratio | 2023 | up 15.8% | volatile |
| 63 | Honduras | 3.4 ratio | 2023 | up 4.0% | rising |
| 64 | Georgia | 3.29 ratio | 2023 | up 57.4% | rising |
| 65 | Namibia | 3.26 ratio | 2021 | down 27.6% | falling |
| 65 | Thailand | 3.26 ratio | 2023 | up 4.2% | falling |
| 67 | Macao | 3.24 ratio | 2023 | down 5.3% | rising |
| 68 | Fiji | 3.2 ratio | 2023 | down 3.0% | flat |
| 69 | Costa Rica | 3.1 ratio | 2023 | down 11.7% | falling |
| 70 | Dominican Republic | 3 ratio | 2023 | down 33.9% | volatile |
| 71 | Colombia | 2.99 ratio | 2023 | down 25.6% | rising |
| 72 | Eswatini | 2.98 ratio | 2022 | up 87.4% | rising |
| 73 | Grenada | 2.94 ratio | 2023 | down 41.7% | falling |
| 73 | Trinidad and Tobago | 2.94 ratio | 2023 | up 101.4% | rising |
| 75 | United Arab Emirates | 2.91 ratio | 2023 | down 30.0% | flat |
| 76 | Jordan | 2.89 ratio | 2016 | up 2.1% | flat |
| 77 | Mozambique | 2.88 ratio | 2023 | up 34.6% | rising |
| 78 | Papua New Guinea | 2.85 ratio | 2019 | up 74.8% | rising |
| 79 | Gabon | 2.82 ratio | 2019 | up 127.4% | volatile |
| 80 | Cape Verde | 2.81 ratio | 2023 | down 19.3% | falling |
| 80 | Dominica | 2.81 ratio | 2023 | down 49.2% | falling |
| 82 | Poland | 2.78 ratio | 2023 | down 4.8% | flat |
| 83 | Guatemala | 2.77 ratio | 2023 | down 20.6% | flat |
| 83 | Hungary | 2.77 ratio | 2023 | up 57.4% | rising |
| 85 | Brunei | 2.75 ratio | 2023 | down 13.2% | volatile |
| 86 | Montenegro | 2.72 ratio | 2023 | down 29.7% | falling |
| 87 | Zambia | 2.67 ratio | 2022 | up 62.8% | flat |
| 88 | Mauritius | 2.64 ratio | 2023 | down 22.6% | falling |
| 89 | Yemen | 2.63 ratio | 2013 | up 209.4% | rising |
| 90 | Seychelles | 2.61 ratio | 2023 | up 42.6% | volatile |
| 91 | Oman | 2.6 ratio | 2017 | up 55.7% | falling |
| 92 | Jamaica | 2.59 ratio | 2023 | down 27.0% | falling |
| 93 | Belarus | 2.54 ratio | 2021 | down 10.6% | falling |
| 93 | Israel | 2.54 ratio | 2023 | down 10.6% | falling |
| 93 | Saint Vincent and the Grenadines | 2.54 ratio | 2023 | down 34.2% | falling |
| 96 | Guinea | 2.51 ratio | 2020 | down 58.2% | volatile |
| 97 | Lebanon | 2.49 ratio | 2017 | down 14.1% | falling |
| 98 | Cameroon | 2.47 ratio | 2018 | up 69.2% | falling |
| 99 | Uruguay | 2.45 ratio | 2023 | up 55.1% | volatile |
| 100 | Kuwait | 2.41 ratio | 2023 | down 31.7% | falling |
| 101 | Denmark | 2.4 ratio | 2023 | up 9.1% | falling |
| 102 | Cambodia | 2.36 ratio | 2023 | up 37.2% | rising |
| 103 | Kazakhstan | 2.33 ratio | 2023 | down 24.6% | rising |
| 104 | Mongolia | 2.27 ratio | 2023 | down 17.8% | rising |
| 105 | Tanzania | 2.26 ratio | 2018 | up 3.7% | rising |
| 106 | Algeria | 2.21 ratio | 2023 | up 194.7% | rising |
| 106 | Paraguay | 2.21 ratio | 2023 | down 7.5% | flat |
| 108 | Mauritania | 2.18 ratio | 2019 | down 51.1% | volatile |
| 109 | Bosnia and Herzegovina | 2.15 ratio | 2023 | down 1.8% | rising |
| 110 | Laos | 2.14 ratio | 2010 | up 8.1% | flat |
| 110 | Syria | 2.14 ratio | 2010 | down 93.6% | volatile |
| 112 | Aruba | 2.13 ratio | 2023 | down 24.5% | falling |
| 113 | Peru | 2.1 ratio | 2022 | up 70.7% | flat |
| 114 | Central African Republic | 2.09 ratio | 2022 | down 16.7% | rising |
| 115 | Ukraine | 2.08 ratio | 2023 | down 62.7% | volatile |
| 116 | Rwanda | 2.06 ratio | 2023 | down 4.2% | rising |
| 117 | Gambia | 2 ratio | 2023 | down 15.3% | rising |
| 117 | Romania | 2 ratio | 2023 | up 34.2% | rising |
| 119 | Czechia | 1.98 ratio | 2023 | down 30.8% | falling |
| 120 | Liberia | 1.95 ratio | 2020 | up 109.7% | volatile |
| 121 | Azerbaijan | 1.93 ratio | 2023 | up 19.1% | rising |
| 122 | Uganda | 1.9 ratio | 2018 | up 28.4% | rising |
| 123 | Kyrgyzstan | 1.88 ratio | 2022 | up 86.1% | rising |
| 124 | Switzerland | 1.87 ratio | 2016 | down 79.2% | volatile |
| 125 | Bulgaria | 1.85 ratio | 2023 | down 19.6% | rising |
| 125 | North Macedonia | 1.85 ratio | 2023 | down 8.9% | rising |
| 127 | Russia | 1.75 ratio | 2020 | up 6.7% | rising |
| 128 | Haiti | 1.74 ratio | 2023 | up 13.0% | volatile |
| 129 | Botswana | 1.7 ratio | 2023 | up 107.3% | rising |
| 130 | Suriname | 1.68 ratio | 2023 | down 52.1% | flat |
| 131 | Madagascar | 1.64 ratio | 2023 | down 51.6% | falling |
| 132 | East Timor | 1.6 ratio | 2023 | up 119.2% | rising |
| 133 | Comoros | 1.56 ratio | 2023 | up 12.2% | rising |
| 134 | Angola | 1.54 ratio | 2023 | up 10.0% | volatile |
| 135 | Vanuatu | 1.53 ratio | 2023 | down 51.7% | falling |
| 136 | Serbia | 1.52 ratio | 2023 | up 16.0% | rising |
| 137 | Moldova | 1.51 ratio | 2023 | down 14.7% | falling |
| 138 | Singapore | 1.4 ratio | 2020 | up 9.4% | rising |
| 139 | Nicaragua | 1.39 ratio | 2022 | down 25.7% | falling |
| 140 | Samoa | 1.33 ratio | 2023 | down 47.6% | rising |
| 141 | Iraq | 1.23 ratio | 2023 | up 24.2% | rising |
| 142 | Lesotho | 1.19 ratio | 2020 | up 101.7% | rising |
| 143 | Equatorial Guinea | 1.11 ratio | 2023 | up 63.2% | volatile |
| 144 | Solomon Islands | 1.07 ratio | 2023 | up 17.6% | volatile |
| 145 | Saudi Arabia | 0.95 ratio | 2017 | up 37.7% | volatile |
| 146 | Tonga | 0.93 ratio | 2023 | down 29.5% | falling |
| 147 | Afghanistan | 0.77 ratio | 2020 | down 29.4% | falling |
| 148 | Micronesia (country) | 0.67 ratio | 2021 | down 57.6% | falling |
| 149 | Tajikistan | 0.62 ratio | 2022 | down 73.8% | volatile |
| 150 | Uzbekistan | 0.52 ratio | 2023 | down 16.1% | falling |
| 151 | Libya | 0.28 ratio | 2021 | down 31.7% | volatile |
| 152 | Sierra Leone | 0 ratio | 2023 | down 100.0% | volatile |
About this data
Broad money to total reserves ratio