Argentina - Broad money growth (annual %)

The value for Broad money growth (annual %) in Argentina was 30.08 as of 2017. As the graph below shows, over the past 56 years this indicator reached a maximum value of 2,235.18 in 1989 and a minimum value of -19.44 in 2001.

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 -0.36
1962 10.11
1963 33.11
1964 41.38
1965 27.00
1966 31.55
1967 53.81
1968 28.07
1969 20.91
1970 20.84
1971 8.70
1972 110.00
1973 74.60
1974 54.55
1975 152.94
1976 353.49
1977 227.18
1978 172.57
1979 187.41
1980 91.76
1981 82.58
1982 165.29
1983 395.92
1984 654.97
1985 428.15
1986 113.02
1987 163.14
1988 442.81
1989 2,235.18
1990 1,113.27
1991 141.34
1992 62.49
1993 46.48
1994 17.64
1995 -2.81
1996 18.82
1997 25.53
1998 10.49
1999 4.09
2000 1.53
2001 -19.44
2002 19.71
2003 29.63
2004 21.43
2005 21.51
2006 20.26
2007 24.47
2008 8.06
2009 17.00
2010 33.11
2011 26.03
2012 34.82
2013 27.08
2014 29.83
2015 39.57
2016 41.55
2017 30.08

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)