Australia | Broad money growth (annual %)
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. 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.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
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Australia | Broad money growth (annual %)
1960
4.76029618 1961
7.91941288 1962
10.45882086 1963
11.58598602 1964
5.16047707 1965
7.75642681 1966
9.00619524 1967
7.03435932 1968
9.5269527 1969
5.11584304 1970
8.7113008 1971
19.68122821 1972
21.30658728 1973
9.15809315 1974
20.55914424 1975
12.22876176 1976
5.92091779 1977
10.49023579 1978
11.60939456 1979
14.01483372 1980
9.88455843 1981
10.59522358 1982
13.23552728 1983
11.73516536 1984
17.91469602 1985
9.56325301 1986
16.02834128 1987
17.91438103 1988
31.01604278 1989
12.75767883 1990
1.18217235 1991
7.37903596 1992
5.72658226 1993
9.95925575 1994
8.51837172 1995
10.64895222 1996
7.31058038 1997
8.43035779 1998
11.7042581 1999
3.73990957 2000
10.93057636 2001
7.03591712 2002
12.76343495 2003
11.4182954 2004
8.50085421 2005
15.0631947 2006
18.2329858 2007
17.00474383 2008
3.20752158 2009
10.1307768 2010
7.96777769 2011
7.34791675 2012
6.74713199 2013
7.0328977 2014
5.98408243 2015
6.66618813 2016
4.52198766 2017
2.37382234 2018
14.05953319 2019
13.66823252 2020
6.69981105 2021
7.84101707 2022
Australia | Broad money growth (annual %)
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. 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.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
Create chart Download showed records Download Full dataset