Pakistan - Broad money growth (annual %)

The value for Broad money growth (annual %) in Pakistan was 15.63 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 42.91 in 2006 and a minimum value of -3.97 in 1961.

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 -3.97
1962 9.08
1963 16.84
1964 21.45
1965 11.86
1966 21.12
1967 3.26
1968 12.45
1969 9.55
1970 11.69
1971 13.77
1972 17.47
1973 13.80
1974 -1.20
1975 21.21
1976 32.20
1977 17.95
1978 19.84
1979 19.10
1980 15.70
1981 11.52
1982 21.83
1983 20.91
1984 4.65
1985 14.75
1986 16.07
1987 16.40
1988 7.70
1989 7.40
1990 11.64
1991 18.94
1992 29.30
1993 18.13
1994 17.37
1995 13.81
1996 20.07
1997 19.91
1998 7.86
1999 4.31
2000 12.13
2001 14.43
2002 17.62
2003 17.86
2004 18.90
2005 16.37
2006 42.91
2007 17.44
2008 6.52
2009 17.61
2010 14.57
2011 12.60
2012 17.40
2013 13.32
2014 11.54
2015 12.18
2016 13.62
2017 9.93
2018 9.83
2019 11.67
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)