Mexico - Broad money growth (annual %)

The value for Broad money growth (annual %) in Mexico was 13.44 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 141.51 in 1987 and a minimum value of -13.01 in 1988.

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 13.16
1962 13.19
1963 16.68
1964 16.82
1965 9.15
1966 9.04
1967 11.93
1968 12.52
1969 18.36
1970 16.77
1971 12.97
1972 16.97
1973 25.01
1974 21.96
1975 26.38
1976 54.23
1977 4.38
1978 35.02
1979 35.82
1980 38.21
1981 50.23
1982 54.36
1983 63.51
1984 69.10
1985 41.96
1986 71.02
1987 141.51
1988 -13.01
1989 95.90
1990 83.79
1991 49.21
1992 23.57
1993 16.90
1994 20.11
1995 31.86
1996 27.01
1997 56.85
1998 17.45
1999 18.75
2000 -4.49
2001 18.84
2002 5.07
2003 9.34
2004 13.05
2005 9.97
2006 6.69
2007 10.15
2008 8.90
2009 11.52
2010 12.76
2011 9.98
2012 10.08
2013 8.28
2014 12.19
2015 12.19
2016 12.33
2017 11.22
2018 4.53
2019 4.70
2020 13.44

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)