Broad money to total reserves ratio by country
Countries reporting
151
Highest
54.43 ratio
Sudan
Lowest
0.2758 ratio
Libya
Median
2.88 ratio
Years covered
25
2000–2024
Data points
3,515
What the numbers show
Broad money to total reserves ratio is currently reported for 151 countries. The highest value is 54.43 ratio in Sudan; the lowest is 0.2758 ratio in Libya.
The median across all reporting countries is 2.88 ratio, and the mean is 5.29 ratio.
The gap between the highest and lowest reporting country is a factor of about 197.
Over the past decade 81 countries rose and 70 fell. The largest increase was in Burundi (up 767.4%), and the largest decrease in Sierra Leone (down 99.8%).
Broad money to total reserves ratio: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Sudan | 54.43 ratio | 2017 | up 666.6% | volatile |
| 2 | Canada | 43.41 ratio | 2008 | up 165.8% | rising |
| 3 | Australia | 37.64 ratio | 2024 | up 27.4% | rising |
| 4 | Zimbabwe | 34.79 ratio | 2023 | up 324.8% | volatile |
| 5 | United Kingdom of Great Britain and Northern Ireland | 30.04 ratio | 2024 | down 9.8% | falling |
| 6 | Eritrea | 29.63 ratio | 2014 | down 28.0% | falling |
| 7 | South Sudan | 18.4 ratio | 2023 | up 694.9% | volatile |
| 8 | Burundi | 16.71 ratio | 2023 | up 767.4% | volatile |
| 9 | State of Palestine | 13.31 ratio | 2024 | up 11.4% | rising |
| 10 | Chad | 12.75 ratio | 2021 | up 726.3% | volatile |
| 11 | China | 12.34 ratio | 2024 | up 140.7% | rising |
| 12 | New Zealand | 11.8 ratio | 2024 | down 2.2% | rising |
| 13 | Ethiopia | 10.56 ratio | 2008 | up 34.3% | rising |
| 14 | Ecuador | 10.31 ratio | 2024 | down 5.9% | rising |
| 15 | Bangladesh | 10.27 ratio | 2024 | up 109.3% | falling |
| 16 | Democratic Republic of the Congo | 8.88 ratio | 2018 | down 58.9% | volatile |
| 17 | Japan | 8.75 ratio | 2024 | down 4.1% | falling |
| 18 | Bolivia (Plurinational State of) | 8.74 ratio | 2021 | up 515.4% | volatile |
| 19 | Panama | 8.09 ratio | 2008 | down 37.6% | falling |
| 20 | Pakistan | 7.72 ratio | 2024 | down 12.8% | rising |
| 21 | Brazil | 7.72 ratio | 2024 | up 39.5% | falling |
| 22 | Bahrain | 7.53 ratio | 2015 | up 65.4% | rising |
| 23 | Sweden | 7.52 ratio | 2024 | up 22.5% | flat |
| 24 | Republic of Korea | 7.3 ratio | 2024 | up 34.2% | rising |
| 25 | Egypt | 7.25 ratio | 2024 | down 53.1% | rising |
| 26 | Myanmar | 7.13 ratio | 2020 | up 269.0% | volatile |
| 27 | Sri Lanka | 6.92 ratio | 2019 | up 135.7% | rising |
| 28 | Ghana | 6.66 ratio | 2023 | up 169.5% | rising |
| 29 | Viet Nam | 6.51 ratio | 2022 | up 0.3% | rising |
| 30 | Venezuela (Bolivarian Republic of) | 6.21 ratio | 2013 | up 536.7% | volatile |
| 31 | Congo | 6.08 ratio | 2023 | up 608.1% | volatile |
| 32 | Guyana | 6.01 ratio | 2024 | up 94.0% | rising |
| 33 | Kenya | 5.89 ratio | 2023 | up 66.7% | rising |
| 34 | Maldives | 5.71 ratio | 2024 | up 98.4% | rising |
| 35 | Argentina | 5.69 ratio | 2024 | up 31.4% | volatile |
| 36 | Djibouti | 5.68 ratio | 2023 | up 94.4% | falling |
| 37 | El Salvador | 5.62 ratio | 2024 | up 37.7% | rising |
| 38 | Chile | 5.58 ratio | 2024 | up 5.0% | rising |
| 39 | Morocco | 5.12 ratio | 2024 | down 19.6% | rising |
| 40 | Kosovo | 5.09 ratio | 2024 | up 31.1% | rising |
| 41 | Belize | 4.88 ratio | 2024 | up 77.9% | falling |
| 42 | Antigua and Barbuda | 4.69 ratio | 2024 | up 16.5% | falling |
| 43 | Tunisia | 4.57 ratio | 2024 | up 4.4% | falling |
| 44 | Barbados | 4.39 ratio | 2023 | down 39.2% | volatile |
| 45 | Malaysia | 4.39 ratio | 2024 | up 9.7% | rising |
| 46 | Türkiye | 4.23 ratio | 2023 | up 11.0% | rising |
| 47 | Saint Lucia | 4.19 ratio | 2024 | down 14.2% | falling |
| 48 | Georgia | 4.09 ratio | 2024 | up 74.1% | rising |
| 49 | India | 4.07 ratio | 2021 | down 15.3% | flat |
| 50 | Armenia | 4.07 ratio | 2024 | up 50.6% | rising |
| 51 | Nepal | 3.98 ratio | 2023 | up 31.2% | rising |
| 52 | Saint Kitts and Nevis | 3.96 ratio | 2024 | down 2.4% | falling |
| 53 | Bhutan | 3.87 ratio | 2023 | up 277.7% | volatile |
| 54 | Qatar | 3.85 ratio | 2023 | up 29.5% | falling |
| 55 | Indonesia | 3.75 ratio | 2024 | up 19.1% | rising |
| 56 | Mexico | 3.66 ratio | 2024 | up 58.3% | falling |
| 57 | Bahamas | 3.66 ratio | 2022 | down 53.5% | falling |
| 58 | Norway | 3.66 ratio | 2024 | down 22.3% | rising |
| 59 | Dominican Republic | 3.63 ratio | 2024 | down 21.0% | volatile |
| 60 | Philippines | 3.61 ratio | 2022 | up 105.4% | rising |
| 61 | Sao Tome and Principe | 3.59 ratio | 2023 | up 101.8% | rising |
| 62 | Iceland | 3.49 ratio | 2024 | up 4.4% | volatile |
| 63 | Nigeria | 3.46 ratio | 2022 | up 34.6% | rising |
| 64 | Malawi | 3.46 ratio | 2020 | down 26.9% | volatile |
| 65 | Honduras | 3.46 ratio | 2024 | up 10.7% | rising |
| 66 | Dominica | 3.41 ratio | 2024 | down 31.5% | falling |
| 67 | Costa Rica | 3.4 ratio | 2024 | down 10.2% | falling |
| 68 | Trinidad and Tobago | 3.33 ratio | 2024 | up 139.8% | rising |
| 69 | Namibia | 3.26 ratio | 2021 | down 27.6% | falling |
| 70 | Fiji | 3.2 ratio | 2023 | down 3.1% | flat |
| 71 | Thailand | 3.15 ratio | 2024 | down 4.3% | falling |
| 72 | Grenada | 3.05 ratio | 2024 | down 35.7% | falling |
| 73 | Colombia | 2.99 ratio | 2023 | down 25.6% | rising |
| 74 | Eswatini | 2.98 ratio | 2022 | up 87.5% | rising |
| 75 | Brunei Darussalam | 2.91 ratio | 2024 | down 8.0% | volatile |
| 76 | Mozambique | 2.88 ratio | 2023 | up 34.4% | rising |
| 77 | Hungary | 2.88 ratio | 2024 | up 50.0% | rising |
| 78 | Papua New Guinea | 2.85 ratio | 2019 | up 74.8% | rising |
| 79 | Gabon | 2.82 ratio | 2019 | up 128.2% | volatile |
| 80 | Cabo Verde | 2.81 ratio | 2023 | down 19.4% | falling |
| 81 | Poland | 2.79 ratio | 2024 | down 16.6% | flat |
| 82 | Jordan | 2.79 ratio | 2024 | up 11.6% | flat |
| 83 | Montenegro | 2.7 ratio | 2024 | down 27.5% | falling |
| 84 | United Arab Emirates | 2.65 ratio | 2024 | down 32.1% | falling |
| 85 | Guatemala | 2.64 ratio | 2024 | down 30.4% | falling |
| 86 | Yemen | 2.63 ratio | 2013 | up 207.7% | rising |
| 87 | Albania | 2.61 ratio | 2023 | down 33.3% | falling |
| 88 | Kuwait | 2.61 ratio | 2024 | down 22.2% | falling |
| 89 | Saint Vincent and the Grenadines | 2.61 ratio | 2024 | down 27.6% | falling |
| 90 | Zambia | 2.6 ratio | 2023 | up 21.5% | flat |
| 91 | Oman | 2.6 ratio | 2017 | up 55.6% | falling |
| 92 | Jamaica | 2.59 ratio | 2023 | down 26.9% | falling |
| 93 | Uruguay | 2.57 ratio | 2024 | up 66.6% | volatile |
| 94 | Sierra Leone | 2.57 ratio | 2023 | down 99.8% | volatile |
| 95 | Belarus | 2.54 ratio | 2021 | down 10.6% | falling |
| 96 | Israel | 2.54 ratio | 2023 | down 10.8% | falling |
| 97 | Lebanon | 2.49 ratio | 2017 | down 14.1% | falling |
| 98 | Cambodia | 2.48 ratio | 2024 | up 34.7% | rising |
| 99 | Cameroon | 2.47 ratio | 2018 | up 69.6% | falling |
| 100 | Mauritius | 2.47 ratio | 2024 | down 25.5% | falling |
| 101 | Botswana | 2.46 ratio | 2024 | up 229.3% | volatile |
| 102 | Denmark | 2.45 ratio | 2024 | down 17.3% | falling |
| 103 | Seychelles | 2.39 ratio | 2024 | up 19.7% | volatile |
| 104 | Algeria | 2.38 ratio | 2024 | up 162.0% | rising |
| 105 | United Republic of Tanzania | 2.26 ratio | 2018 | up 3.8% | rising |
| 106 | Paraguay | 2.21 ratio | 2023 | down 7.5% | flat |
| 107 | Mongolia | 2.21 ratio | 2023 | down 20.0% | rising |
| 108 | Mauritania | 2.18 ratio | 2019 | down 51.1% | volatile |
| 109 | Azerbaijan | 2.15 ratio | 2024 | up 22.2% | rising |
| 110 | Bosnia and Herzegovina | 2.15 ratio | 2023 | down 2.0% | rising |
| 111 | Syrian Arab Republic | 2.14 ratio | 2010 | down 93.6% | volatile |
| 112 | Lao People's Democratic Republic | 2.14 ratio | 2010 | up 7.7% | flat |
| 113 | Bulgaria | 2.13 ratio | 2024 | down 7.1% | rising |
| 114 | Aruba | 2.13 ratio | 2023 | down 24.5% | falling |
| 115 | Kazakhstan | 2.13 ratio | 2024 | down 13.0% | rising |
| 116 | Peru | 2.1 ratio | 2022 | up 70.8% | flat |
| 117 | Czechia | 2.07 ratio | 2024 | down 29.9% | falling |
| 118 | Gambia | 2 ratio | 2023 | down 15.1% | rising |
| 119 | Romania | 2 ratio | 2023 | up 34.2% | rising |
| 120 | Ukraine | 1.98 ratio | 2024 | down 81.4% | volatile |
| 121 | North Macedonia | 1.95 ratio | 2024 | down 4.8% | rising |
| 122 | Liberia | 1.95 ratio | 2020 | up 110.1% | volatile |
| 123 | Guinea | 1.92 ratio | 2021 | down 1.5% | volatile |
| 124 | Uganda | 1.9 ratio | 2018 | up 28.4% | rising |
| 125 | Kyrgyzstan | 1.88 ratio | 2022 | up 85.9% | rising |
| 126 | Switzerland | 1.87 ratio | 2016 | down 79.2% | volatile |
| 127 | Vanuatu | 1.75 ratio | 2024 | down 46.4% | volatile |
| 128 | Russian Federation | 1.75 ratio | 2020 | up 6.9% | rising |
| 129 | Haiti | 1.74 ratio | 2023 | up 13.3% | volatile |
| 130 | Republic of Moldova | 1.74 ratio | 2024 | down 20.2% | falling |
| 131 | Suriname | 1.68 ratio | 2024 | down 63.5% | falling |
| 132 | Rwanda | 1.64 ratio | 2024 | down 0.8% | rising |
| 133 | Madagascar | 1.64 ratio | 2023 | down 51.8% | falling |
| 134 | Timor-Leste | 1.6 ratio | 2023 | up 119.2% | rising |
| 135 | Serbia | 1.57 ratio | 2024 | down 9.8% | rising |
| 136 | Comoros | 1.56 ratio | 2023 | up 12.0% | rising |
| 137 | Singapore | 1.4 ratio | 2020 | up 9.8% | rising |
| 138 | Nicaragua | 1.39 ratio | 2022 | down 25.5% | falling |
| 139 | Iraq | 1.33 ratio | 2024 | up 10.6% | rising |
| 140 | Samoa | 1.26 ratio | 2024 | down 63.5% | rising |
| 141 | Lesotho | 1.19 ratio | 2020 | up 100.3% | rising |
| 142 | Angola | 1.14 ratio | 2024 | down 36.3% | volatile |
| 143 | Equatorial Guinea | 1.11 ratio | 2023 | up 63.1% | volatile |
| 144 | Tajikistan | 1.1 ratio | 2023 | down 59.0% | volatile |
| 145 | Solomon Islands | 1.07 ratio | 2023 | up 18.2% | volatile |
| 146 | Tonga | 1.05 ratio | 2024 | down 22.3% | falling |
| 147 | Saudi Arabia | 0.9475 ratio | 2017 | up 38.2% | volatile |
| 148 | Afghanistan | 0.7678 ratio | 2020 | down 29.3% | falling |
| 149 | Micronesia (Federated States of) | 0.6682 ratio | 2021 | down 57.6% | falling |
| 150 | Uzbekistan | 0.531 ratio | 2024 | down 12.7% | falling |
| 151 | Libya | 0.2758 ratio | 2021 | down 33.3% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- United States of America 31.82 ratio
- South Africa 4.53 ratio
- China, Hong Kong Special Administrative Region 4.04 ratio
- China, Macao Special Administrative Region 3.31 ratio
- Central African Republic 2.09 ratio