Sierra Leone - Broad money growth (annual %)

The value for Broad money growth (annual %) in Sierra Leone was 38.18 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 88.40 in 1986 and a minimum value of -5.59 in 1970.

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 8.48
1962 9.40
1963 0.23
1964 10.09
1965 4.53
1966 4.47
1967 2.24
1968 23.75
1969 17.37
1970 -5.59
1971 11.08
1972 17.63
1973 26.12
1974 18.63
1975 8.34
1976 22.19
1977 21.70
1978 31.62
1979 19.66
1980 21.56
1981 2.62
1982 56.80
1983 31.63
1984 28.31
1985 71.10
1986 88.40
1987 64.02
1988 56.88
1989 74.20
1990 74.00
1991 76.21
1992 33.24
1993 21.92
1994 8.81
1995 19.61
1996 29.65
1997 47.14
1998 11.27
1999 37.80
2000 12.08
2001 31.22
2002 29.09
2003 22.02
2004 20.15
2005 31.15
2006 21.66
2007 17.11
2008 26.54
2009 34.53
2010 24.15
2011 29.63
2012 21.98
2013 10.68
2014 23.92
2015 11.76
2016 17.86
2017 6.99
2018 14.45
2019 14.31
2020 38.18

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)