Dominican Republic - Broad money growth (annual %)

The value for Broad money growth (annual %) in Dominican Republic was 21.75 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 87.20 in 2003 and a minimum value of -15.49 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 -2.09
1962 10.76
1963 12.50
1964 -6.41
1965 32.81
1966 -15.49
1967 -2.22
1968 25.93
1969 16.04
1970 22.27
1971 26.00
1972 26.46
1973 30.10
1974 41.77
1975 21.06
1976 3.45
1977 17.97
1978 3.01
1979 14.10
1980 11.92
1981 10.95
1982 12.13
1983 16.85
1984 24.05
1985 21.13
1986 60.43
1987 16.30
1988 44.18
1989 30.90
1990 38.04
1991 35.48
1992 26.90
1993 19.59
1994 11.45
1995 16.65
1996 17.13
1997 24.12
1998 17.72
1999 21.90
2000 16.80
2001 37.57
2002 5.48
2003 87.20
2004 15.66
2005 7.44
2006 5.96
2007 17.14
2008 5.41
2009 13.53
2010 12.34
2011 12.57
2012 9.95
2013 11.95
2014 9.27
2015 12.11
2016 9.75
2017 9.71
2018 6.64
2019 11.67
2020 21.75

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)