Compare M2 and M3 money supply across major economies, track monetary growth, and explore historical trends using official data
Explore money supply across 28 economies
Calculated growth of official money-stock levels. National aggregates and seasonal adjustments differ; observation months are shown.
United States
Monthly observationsView monthly data
Swipe the table horizontally to see all columns.
Money Supply by Country — All Available EconomiesView the complete country overview
Latest available annual stock-growth observations. Months differ; older values are labelled. Select a country name to view its history.
| Country / economy | Stock growth · % YoY | Observation month | Method / status |
|---|---|---|---|
| United States | 5.66% | Aug 2026 | M2 / OECD broad-money series · USD · Adjusted |
| China | 7.48% | Aug 2026 | M2 / OECD broad-money series · CNY · Unadjusted |
| Euro Area | 4.29% | Sep 2026 | M3 · EUR · Adjusted |
| Japan | 1.15% | Sep 2026 | M3 / OECD broad-money series · JPY · Adjusted |
| United Kingdom | 4.48% | Aug 2026 | Broad money / OECD MABM · GBP · Adjusted |
| India | 14.70% | Jul 2026 | M3 / OECD broad-money series · INR · Unadjusted |
| Canada | 5.06% | Jul 2026 | Broad money / OECD MABM · CAD · Adjusted |
| Brazil | 10.61% | Aug 2026 | Broad money / OECD MABM · BRL · Unadjusted |
| South Korea | 4.74% | Aug 2026 | Broad money / OECD MABM · KRW · Adjusted |
| Mexico | 5.91% | Aug 2026 | Broad money / OECD MABM · MXN · Unadjusted |
| Australia | 6.76% | Aug 2026 | Broad money / OECD MABM · AUD · Adjusted |
| Switzerland | 3.87% | Sep 2026 | M3 / OECD broad-money series · CHF · Unadjusted |
| Poland | 12.50% | Sep 2026 | Broad money / OECD MABM · PLN · Unadjusted |
| Sweden | 3.25% | Aug 2026 | Broad money / OECD MABM · SEK · Unadjusted |
| Israel | 7.69% | May 2026 | Broad money / OECD MABM · ILS · Adjusted |
| Türkiye | 32.73% | Aug 2026 | Broad money / OECD MABM · TRY · Unadjusted |
| Indonesia | 8.22% | Aug 2026 | Broad money / OECD MABM · IDR · Unadjusted |
| Chile | 7.68% | Jul 2026 | Broad money / OECD MABM · CLP · Unadjusted |
| Colombia | 11.28% | Sep 2026 | Broad money / OECD MABM · COP · Adjusted |
| Costa Rica | 6.09% | May 2026 | Broad money / OECD MABM · CRC · Adjusted |
| Czech Republic | 5.87% | Aug 2026 | Broad money / OECD MABM · CZK · Adjusted |
| Denmark | 7.48% | Aug 2026 | Broad money / OECD MABM · DKK · Unadjusted |
| Hungary | 6.67% | Aug 2026 | Broad money / OECD MABM · HUF · Adjusted |
| Iceland | 7.56% | Aug 2026 | Broad money / OECD MABM · ISK · Adjusted |
| New Zealand | 4.13% | Aug 2026 | Broad money / OECD MABM · NZD · Unadjusted |
| Norway | 5.07% | Aug 2026 | Broad money / OECD MABM · NOK · Adjusted |
| Romania | 8.37% | Sep 2026 | Broad money / OECD MABM · RON · Unadjusted |
| South Africa | 8.92% | Aug 2026 | Broad money / OECD MABM · ZAR · Adjusted |
Sources, definitions & reuse
The first 15 default cards are the largest covered economies by 2025 nominal GDP in World Bank WDI, fixed for this release. Source: The World Bank: World Development Indicators; CC BY 4.0 with additional Dataset Terms. The euro area is counted once. This introductory order is not a ranking of money supply. Phones initially show 8 cards; Show more, search and the selector provide all 28 economies.
Common month uses the latest observation month shared by the initial 15 covered economies for the selected view. Additional countries use that month or show unavailable. The euro area represents the whole currency union, not the separate stock of any one member.
Source: OECD, Monetary aggregates, DSD_STES@DF_MONAGG 4.0; and ECB, BSI monetary aggregates. This tracker uses reported national-currency stock levels, not OECD’s rebased money indices. Default broad-money selections follow the OECD MABM family. The family is labelled M3 by OECD, but national coverage is not identical: US and China use M2-related broad money. Rows labelled “OECD MABM” preserve the dataset selection without claiming a verified equivalence to a particular domestic M2/M3/M4 aggregate.
The euro area uses ECB M3 by default, with M2 also available. It follows the changing euro area composition; this is not a fixed-country reconstruction. Selected aggregate, currency and adjustment are visible. Y means calendar and seasonally adjusted; N means neither adjusted. Most national stocks are end-of-period observations, but some countries use period averages. Country definitions, populations of institutions and measurement conventions differ.
Annual stock growth = (level / level in the same month one year earlier − 1) × 100. Monthly stock growth = (level / level in the previous calendar month − 1) × 100. These are Silver Dominion calculations from published levels. They are not provider-published transaction-adjusted monetary growth rates, and can differ from official rates that adjust for reclassifications, exchange-rate valuation or other non-transaction changes. Ratios crossing an explicitly flagged series break are withheld. Missing endpoints are not estimated. Monthly changes in unadjusted series can reflect seasonality.
Compare up to four economies using percentage growth. Nominal levels are shown in billions of each country’s currency and allow only one country at a time, to avoid comparing unequal currency units. These amounts are not converted into USD, summed into a global total or adjusted for inflation. The default history begins in 2014; annual growth requires a 12-month lookback, so growth histories start later.
The optional annual CPI overlay reads only saved headline observations from the active Global Inflation Tracker on the same WordPress site. It makes no additional provider request. It is shown only with annual money growth, for the selected economy, with its own source and access date. Co-movement does not establish causality or predict an equivalent change in inflation, gold or silver prices. Euro area HICP and national CPI are not identical.
Two shared source checks are scheduled daily. New statistics usually arrive monthly according to source calendars. WP-Cron requires traffic or a host cron. Failed, older or incomplete responses retain last-good data. Verification older than seven days and observation months lagging more than four months are labelled. The date of a check is not the date of a new economic observation.
- OECD Monetary aggregates · national broad money · Reuse terms · accessed 2026-11-04 00:39 UTC
- ECB BSI · euro area M2 and M3 stocks · Reuse terms · accessed 2026-11-04 00:41 UTC
Source credit: OECD (2026), Monetary aggregates, OECD Data Explorer; and European Central Bank, BSI. Independent selection, percentage-change calculations and presentation by Silver Dominion. Neither institution endorses this tool; no institutional logos are used. ECB information is freely available from its website. Changes and calculations described above are Silver Dominion’s responsibility.
Source data retain the providers’ reuse conditions, separately from the GPL-2.0-or-later code licence. Preserve source names, dataset links, access dates, calculation notes and any applicable third-party restrictions in onward use. This tool is general macroeconomic information, not a central bank publication or an investment recommendation.
Independent Silver Dominion tool · Monthly data · Calculated money-stock growth, not CPI inflation.
Global Money Supply: Compare M2 and M3 Across Countries
Money supply growth reveals how monetary conditions are changing across economies. While some countries experience rapid expansion, others face slower growth or contraction, reflecting differences in credit activity and financial conditions.
The Global Money Supply Tracker compares M2, M3 and other broad-money aggregates across 15 major economies. Using official OECD and ECB data, it allows visitors to track annual and monthly growth, explore historical charts and compare monetary trends between countries.
For detailed American data, our U.S. M2 Money Supply Tracker provides historical Federal Reserve figures and growth trends.
How to Compare Money Supply Between Countries
M2 and M3 measure different categories of money and liquid financial assets. Because definitions vary internationally, comparing nominal amounts across countries can be misleading.
Year-over-year money supply growth offers a more useful perspective, showing how quickly monetary aggregates expand or contract within individual economies. Differences in reporting methods and monetary definitions still require careful interpretation.
Money Supply, Inflation and Precious Metals
Monetary expansion can contribute to inflationary pressures, but the relationship depends on spending, credit conditions and economic activity.
Our Global Inflation Tracker helps examine consumer price trends, while the Global Interest Rates Tracker provides insight into central bank monetary policy.
For precious metals investors, money supply growth also raises questions about currency purchasing power and the long-term role of physical gold. Silver responds to monetary conditions alongside industrial demand.
Explore these relationships further through our Gold & Silver Macro Comparison Dashboard.
Money supply provides valuable economic context, but it cannot independently predict inflation or precious metal prices.
Frequently Asked Questions
What does the Global Money Supply Tracker show?
The Global Money Supply Tracker compares monetary aggregates across 15 major economies, including the United States, China, Japan, India and the euro area. It provides historical charts, monthly and annual money supply growth, and country comparisons using official OECD and ECB data.
What is the difference between M2 and M3 money supply?
M2 generally includes currency, readily accessible deposits and certain savings instruments. M3 is a broader measure that may include additional deposits and marketable financial instruments. Definitions differ across countries, and some broad-money series do not correspond exactly to domestic M2 or M3.
How is money supply growth calculated?
Annual money supply growth measures the percentage change in a monetary aggregate compared with the same month a year earlier. Monthly growth compares consecutive months. The tracker calculates both from published money-stock levels. These figures may differ from official transaction-adjusted growth rates.
Can money supply be compared across countries?
Yes, although comparing growth rates is generally more useful than comparing monetary amounts expressed in different currencies. National definitions, seasonal adjustments and reporting methods can vary. The tracker allows users to compare percentage changes across up to four economies while identifying the underlying monetary aggregates.
How often is global money supply data updated?
Money supply statistics are generally published monthly, with release dates varying by economy. The tracker schedules two daily checks of official OECD and ECB sources and retains the latest verified data if an update fails. Observation dates are displayed because the figures are not real-time.
Does rising M2 or M3 money supply cause inflation?
Rapid monetary expansion can contribute to inflation, particularly when spending increases faster than economic output. However, money supply growth does not automatically produce higher consumer prices. Credit conditions, money demand and economic activity also matter. The tracker offers an optional CPI comparison to explore historical relationships.
How does money supply growth affect gold and silver prices?
Monetary expansion can influence precious metals through inflation expectations, currency purchasing power and interest rates. Gold may attract demand as a long-term store of value, while silver also responds to industrial activity. Rising money supply does not guarantee higher metal prices, and these relationships can change over time.