Broad money to total reserves ratio in South Africa

South Africa: Broad money to total reserves ratio was 4.41 in 2023. ▼ Falling

Latest (2023)
4.41
Change on year
down 7.7%
Rank
40th
of 152 groups
All-time high
13.03
in 2003
All-time low
4.41
in 2023
Years of data
24
2000–2023

Broad money to total reserves ratio in South Africa, 2000–2023

4681012142000201120232000: 9.32001: 9.12002: 8.62003: 132004: 9.52005: 8.42006: 7.82007: 7.22008: 6.82009: 5.82010: 6.52011: 6.42012: 5.72013: 5.22014: 5.12015: 5.12016: 4.52017: 52018: 5.22019: 4.72020: 4.52021: 5.12022: 4.82023: 4.4

Source: Our World in Data.

Analysis

In 2023, broad money to total reserves ratio in South Africa stood at 4.41. That is the lowest value across all 24 years on record.

Compared with earlier readings it is down 7.7% on the previous year and down 15.8% over ten years.

Over the whole period, broad money to total reserves ratio in South Africa peaked at 13.03 in 2003 and was at its lowest, 4.41, in 2023.

That places South Africa 40th out of 152 groups with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently falling across the 24 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 8.55 5.8 13.03 10
2010s 5.34 4.55 6.49 10
2020s 4.71 4.41 5.11 4

Countries ranked near South Africa

  1. 37 El Salvador 5.16 compare
  2. 38 Morocco 4.76 compare
  3. 39 Belize 4.69 compare
  4. 40 Antigua and Barbuda 4.41 compare
  5. 42 Barbados 4.39 compare
  6. 43 Malaysia 4.37 compare

See the full ranking of 152 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is broad money to total reserves ratio in South Africa?
Broad money to total reserves ratio in South Africa was 4.41 in 2023, according to Our World in Data.
What is the highest broad money to total reserves ratio recorded in South Africa?
The highest recorded value was 13.03 in 2003.
What is the lowest broad money to total reserves ratio recorded in South Africa?
The lowest recorded value was 4.41 in 2023.
How does South Africa rank for broad money to total reserves ratio?
South Africa ranks 40th out of 152 groups with data for 2023.
Is broad money to total reserves ratio rising or falling in South Africa?
Over the last ten years it is down 15.8%. The long-run trend across the full record is falling.
Where does this South Africa data come from?
The figures come from Our World in Data, 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

Indicator
Broad money to total reserves ratio
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
152 places, 3,350 data points, 2000–2023
Last refreshed