Burkina Faso | 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
Burkina Faso
Records
63
Source
Burkina Faso | Broad money growth (annual %)
1960
1961
1962
1963 10.6884058
1964 2.61865794
1965 2.23285486
1966 3.27613105
1967 0.45317221
1968 14.21052632
1969 14.65437788
1970 7.53330271
1971 6.02306707
1972 6.69822724
1973 36.75068441
1974 21.03410189
1975 38.72126847
1976 29.72617383
1977 12.74404158
1978 19.51480055
1979 8.76631777
1980 15.08585269
1981 19.72640836
1982 12.02680645
1983 12.16043934
1984 15.87329345
1985 0.6016148
1986 22.36129401
1987 11.66227939
1988 16.61192646
1989 3.74434659
1990 -0.4973386
1991 4.46669216
1992 3.95647022
1993 7.96950344
1994 29.38922285
1995 22.25656612
1996 5.17486826
1997 17.72923688
1998 1.04461091
1999 2.55613253
2000 7.50513535
2001 -3.11492704
2002 -3.01859341
2003 69.07792347
2004 -4.34146677
2005 -2.45619723
2006 10.3118163
2007 7.95939947
2008 26.96620429
2009 23.4535066
2010 17.95665072
2011 14.38508297
2012 15.55989832
2013 10.85315443
2014 11.01774031
2015 19.41540396
2016 11.66609457
2017 21.07756291
2018 10.4418753
2019 9.09412483
2020 17.81880298
2021 16.86232166
2022 2.35938173

Burkina Faso | 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
Burkina Faso
Records
63
Source