Turkey - Broad money growth (annual %)

The value for Broad money growth (annual %) in Turkey was 34.24 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 144.80 in 1994 and a minimum value of 9.29 in 1962.

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 9.69
1962 9.29
1963 13.33
1964 17.87
1965 18.84
1966 23.04
1967 15.66
1968 15.20
1969 17.03
1970 21.90
1971 28.13
1972 26.03
1973 28.42
1974 25.66
1975 28.01
1976 23.43
1977 33.80
1978 36.53
1979 61.72
1980 74.04
1981 88.36
1982 51.14
1983 29.71
1984 58.71
1985 55.18
1986 66.09
1987 53.32
1988 65.06
1989 69.04
1990 53.08
1991 82.93
1992 78.14
1993 64.22
1994 144.80
1995 104.19
1996 116.54
1997 97.80
1998 89.32
1999 101.99
2000 40.66
2001 90.37
2002 27.89
2003 14.44
2004 20.79
2005 35.97
2006 22.17
2007 15.23
2008 24.82
2009 12.66
2010 18.55
2011 15.20
2012 10.42
2013 21.15
2014 11.18
2015 16.51
2016 17.65
2017 16.35
2018 18.38
2019 27.02
2020 34.24

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)