South Africa | 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
Republic of South Africa
Records
63
Source
South Africa | Broad money growth (annual %)
year value
1960
1961
1962
1963
1964
1965
1966 8.89292006
1967 7.29039278
1968 13.57924969
1969 11.71394706
1970 9.4168659
1971 8.43315857
1972 17.69310567
1973 22.70413203
1974 16.6594421
1975 19.43818276
1976 8.82338998
1977 10.04541346
1978 15.99998021
1979 16.89082835
1980 22.85075139
1981 17.20487282
1982 13.50915699
1983 13.82741189
1984 19.8047439
1985 14.62100187
1986 8.79447071
1987 19.52326588
1988 27.01572262
1989 20.56956168
1990 11.85418129
1991 17.11123274
1992 2.86121074
1993 6.30978492
1994 18.31602921
1995 16.03137115
1996 14.27893998
1997 17.81320821
1998 13.65295031
1999 10.90725175
2000 7.21505698
2001 20.18987632
2002 18.28619072
2003 13.35060168
2004 13.15299783
2005 20.6974499
2006 22.62300989
2007 23.9311377
2008 14.7382135
2009 1.76108595
2010 6.93402988
2011 8.34128453
2012 5.17173026
2013 5.91659073
2014 7.27948797
2015 10.32364558
2016 6.07944893
2017 6.42553638
2018 5.59961566
2019 6.11024523
2020 9.42732646
2021 5.7099852
2022 8.63772594

South Africa | 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
Republic of South Africa
Records
63
Source