Dem. Rep. Congo - Broad money growth (annual %)

The value for Broad money growth (annual %) in Dem. Rep. Congo was 35.80 as of 2018. As the graph below shows, over the past 54 years this indicator reached a maximum value of 6,968.92 in 1994 and a minimum value of -81.70 in 1984.

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
1964 26.07
1965 16.48
1966 25.28
1967 40.75
1968 31.77
1969 11.95
1970 22.49
1971 7.75
1972 21.49
1973 37.83
1974 32.92
1975 10.02
1976 38.06
1977 59.24
1978 54.28
1979 4.99
1980 62.74
1981 52.00
1982 74.88
1983 1,113.01
1984 -81.70
1985 31.74
1986 57.31
1987 94.30
1988 131.50
1989 67.41
1990 195.39
1991 2,388.57
1992 3,794.45
1993 2,853.13
1994 6,968.92
1995 357.63
2001 41.43
2002 38.44
2003 29.74
2004 81.85
2005 23.34
2006 56.53
2007 50.59
2008 55.05
2009 56.21
2010 34.76
2011 21.50
2012 20.67
2013 18.74
2014 14.66
2015 9.39
2016 21.77
2017 34.27
2018 35.80

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)