Nicaragua - Broad money growth (annual %)

The value for Broad money growth (annual %) in Nicaragua was 15.63 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 12,513.14 in 1988 and a minimum value of -18.65 in 2018.

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 2.56
1962 26.16
1963 16.73
1964 21.51
1965 23.35
1966 11.66
1967 1.21
1968 -10.26
1969 5.72
1970 14.94
1971 14.54
1972 29.16
1973 41.46
1974 16.26
1975 0.67
1976 32.98
1977 5.79
1978 -7.12
1979 67.10
1980 29.67
1981 37.94
1982 24.83
1983 83.51
1984 73.33
1985 140.21
1986 234.50
1987 544.24
1988 12,513.14
1989 2,700.20
1990 7,677.83
1991 1,519.64
1992 20.07
1993 25.20
1994 65.90
1995 35.07
1996 52.53
1997 52.54
1998 32.15
1999 18.81
2000 9.38
2001 4.11
2002 13.30
2003 12.64
2004 17.22
2005 9.78
2006 8.42
2007 18.48
2008 7.33
2009 14.34
2010 21.67
2011 12.62
2012 15.39
2013 18.32
2014 15.43
2015 18.96
2016 11.04
2017 16.02
2018 -18.65
2019 6.23
2020 15.63

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)