Venezuela - Broad money growth (annual %)

The value for Broad money growth (annual %) in Venezuela was 58.84 as of 2013. As the graph below shows, over the past 52 years this indicator reached a maximum value of 72.74 in 2006 and a minimum value of -0.03 in 1966.

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 1.18
1962 1.56
1963 16.25
1964 16.24
1965 8.15
1966 -0.03
1967 13.55
1968 9.53
1969 10.87
1970 7.75
1971 16.73
1972 19.69
1973 19.68
1974 35.62
1975 53.29
1976 23.33
1977 25.63
1978 15.34
1979 7.49
1980 17.30
1981 13.45
1982 8.55
1983 23.60
1984 18.26
1985 9.66
1986 12.92
1987 18.58
1988 20.38
1989 41.93
1990 64.88
1991 47.55
1992 17.74
1993 25.55
1994 68.89
1995 36.56
1996 68.81
1997 55.55
1998 7.38
1999 21.67
2000 33.73
2001 10.73
2002 14.64
2003 62.41
2004 49.95
2005 47.44
2006 72.74
2007 33.89
2008 28.80
2009 23.33
2010 23.55
2011 49.20
2012 53.29
2013 58.84

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)