Uruguay - Broad money growth (annual %)

The value for Broad money growth (annual %) in Uruguay was 24.33 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 116.37 in 1990 and a minimum value of -3.05 in 2004.

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 21.98
1962 5.99
1963 53.08
1964 38.85
1965 70.56
1966 21.67
1967 95.95
1968 54.99
1969 43.20
1970 18.40
1971 51.22
1972 68.08
1973 66.94
1974 66.66
1975 99.22
1976 99.14
1977 81.66
1978 91.47
1979 85.54
1980 73.18
1981 48.87
1982 49.77
1983 13.36
1984 71.98
1985 57.93
1986 93.52
1987 56.54
1988 82.02
1989 103.51
1990 116.37
1991 81.85
1992 50.51
1993 36.51
1994 42.18
1995 36.88
1996 34.10
1997 28.65
1998 26.65
1999 12.97
2000 9.54
2001 14.58
2002 25.93
2003 15.20
2004 -3.05
2005 0.03
2006 11.63
2007 3.82
2008 28.57
2009 -2.65
2010 22.15
2011 17.99
2012 9.95
2013 19.19
2014 19.34
2015 23.82
2016 3.95
2017 1.91
2018 11.84
2019 15.93
2020 24.33

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)