Egypt - Broad money growth (annual %)

The value for Broad money growth (annual %) in Egypt was 19.71 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 51.42 in 1980 and a minimum value of 1.54 in 1966.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1961 11.63
1962 6.65
1963 19.29
1964 16.20
1965 6.43
1966 1.54
1967 5.95
1968 3.06
1969 5.74
1970 5.41
1971 3.02
1972 15.75
1973 22.38
1974 30.22
1975 21.47
1976 25.98
1977 34.03
1978 27.03
1979 31.33
1980 51.42
1981 30.90
1982 31.15
1983 22.63
1984 18.85
1985 18.30
1986 20.95
1987 20.96
1988 21.55
1989 17.50
1990 28.73
1991 19.34
1992 19.43
1993 13.25
1994 11.21
1995 9.90
1996 10.84
1997 10.77
1998 10.78
1999 5.66
2000 11.58
2001 13.22
2002 12.63
2003 21.28
2004 16.24
2005 11.49
2006 15.00
2007 19.11
2008 10.48
2009 9.47
2010 12.42
2011 6.66
2012 12.35
2013 18.89
2014 15.77
2015 18.60
2016 39.51
2017 20.45
2018 13.30
2019 13.28
2020 19.71

Limitations and Exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries.

Statistical Concept and Methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)