Fiji - Broad money growth (annual %)

The value for Broad money growth (annual %) in Fiji was 1.17 as of 2020. As the graph below shows, over the past 58 years this indicator reached a maximum value of 38.72 in 1974 and a minimum value of -8.73 in 1997.

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
1962 0.88
1963 26.32
1964 19.25
1965 -8.28
1966 6.56
1967 5.48
1968 9.97
1969 17.17
1970 18.17
1971 18.99
1972 22.30
1973 13.40
1974 38.72
1975 27.20
1976 1.58
1977 18.64
1978 7.34
1979 20.75
1980 12.27
1981 5.30
1982 7.92
1983 13.37
1984 11.20
1985 1.88
1986 17.37
1987 4.24
1988 20.42
1989 8.72
1990 25.69
1991 14.55
1992 14.57
1993 6.34
1994 2.54
1995 4.49
1996 0.86
1997 -8.73
1998 -0.54
1999 13.64
2000 -1.55
2001 11.51
2002 21.07
2003 16.28
2004 9.46
2005 15.17
2006 22.27
2007 8.29
2008 -6.47
2009 7.08
2010 3.51
2011 11.05
2012 6.29
2013 18.99
2014 10.40
2015 13.94
2016 4.76
2017 8.30
2018 2.82
2019 2.69
2020 1.17

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)