Liquid liabilities (M3) as % of GDP - Monetary holdings (liabilities) - Financial Sector - World Development Indicators
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Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.
| Liquid liabilities (M3) as % of GDP - Monetary holdings (liabilities) - Financial Sector - World Development Indicators (Most Recent Data) |
Rank | Country | Value |
|---|
| 1 |  Cyprus (2002) | 230.3 |
| 2 | Japan (2008) | 203.55 |
| 3 | Switzerland (2008) | 162.35 |
| 4 | Mauritius (2005) | 143.02 |
| 5 | Canada (2006) | 137.02 |
| 6 | Singapore (1997) | 113.67 |
| 7 | Jordan (2000) | 111.48 |
| 8 | High income (1998) | 109.79 |
| 9 | High income: OECD (1998) | 109.78 |
| 10 | Barbados (2006) | 108.86 |
| 11 | Egypt (2005) | 106.53 |
| 12 | Vanuatu (1997) | 105.31 |
| 13 | Thailand (2008) | 99.26 |
| 14 | Guyana (2008) | 99.03 |
| 15 | Ireland (1996) | 97.11 |
| 16 | Israel (1985) | 88.41 |
| 17 | Netherlands (1985) | 83.32 |
| 18 | Zimbabwe (2005) | 82.3 |
| 19 | Bahamas (2007) | 77.84 |
| 20 | Austria (1982) | 77.64 |
| 21 | United States (2008) | 76.69 |
| 22 | Germany (1998) | 76.18 |
| 23 | Seychelles (2008) | 75.35 |
| 24 | France (1989) | 75.2 |
| 25 | North Korea (2005) | 74.7 |
| 26 | South Korea (2005) | 74.7 |
| 27 | Morocco (1996) | 72.5 |
| 28 | Italy (1992) | 69.03 |
| 29 | Qatar (1994) | 68.62 |
| 30 | Euro area (1989) | 67.53 |
| 31 | Tunisia (2008) | 66.6 |
| 32 | Brazil (2008) | 65.02 |
| 33 | Cape Verde (1992) | 64.16 |
| 34 | Algeria (2008) | 60.18 |
| 35 | Middle East & North Africa (2005) | 60.03 |
| 36 | Philippines (2007) | 59.48 |
| 37 | Bolivia (2008) | 57.52 |
| 38 | Netherlands Antilles (1981) | 57.12 |
| 39 | New Zealand (1986) | 55.14 |
| 40 | Tonga (2006) | 52.5 |
| 41 | Pakistan (2007) | 50.95 |
| 42 | Sri Lanka (2004) | 49.73 |
| 43 | Honduras (2008) | 49.22 |
| 44 | South Africa (2008) | 47.89 |
| 45 | Finland (1998) | 47.67 |
| 46 | Iran (2007) | 46.29 |
| 47 | Trinidad and Tobago (2006) | 46.25 |
| 48 | Latin America & Caribbean (2008) | 44.3 |
| 49 | India (1991) | 44.27 |
| 50 | Upper middle income (2007) | 43.73 |
| 51 | South Asia (1991) | 43.44 |
| 52 | Kenya (2007) | 43.29 |
| 53 | Ethiopia (2006) | 43.24 |
| 54 | Kuwait (2008) | 42.98 |
| 55 | Lower middle income (1982) | 42.85 |
| 56 | Russia (2007) | 42.79 |
| 57 | Guinea-Bissau (2000) | 42.74 |
| 58 | Syria (1981) | 42.33 |
| 59 | Uruguay (2008) | 42.09 |
| 60 | Sweden (1999) | 42.05 |
| 61 | Sub-Saharan Africa (1992) | 41.63 |
| 62 | Guatemala (2008) | 41.21 |
| 63 | Chile (2008) | 40.73 |
| 64 | Panama (1985) | 40.63 |
| 65 | Burundi (2008) | 40.29 |
| 66 | Romania (1982) | 39.7 |
| 67 | El Salvador (2008) | 38.93 |
| 68 | Turkey (2006) | 37.07 |
| 69 | China (1982) | 36.34 |
| 70 | Nicaragua (2008) | 36.01 |
| 71 | Kosovo (2008) | 34.42 |
| 72 | Peru (2008) | 33.88 |
| 73 | Solomon Islands (2008) | 33.55 |
| 74 | Papua New Guinea (1982) | 32.46 |
| 75 | Afghanistan (1981) | 31.81 |
| 76 | Dominican Republic (2007) | 31.67 |
| 77 | Costa Rica (1994) | 31.47 |
| 78 | Colombia (2006) | 31.09 |
| 79 | Sudan (1985) | 30.71 |
| 80 | Zambia (1987) | 30.36 |
| 81 | High income: nonOECD (1981) | 29.94 |
| 82 | Benin (2000) | 29.9 |
| 83 | United Arab Emirates (1982) | 29.74 |
| 84 | Venezuela (2008) | 29.35 |
| 85 | Ivory Coast (2008) | 28.59 |
| 86 | Samoa (1994) | 28.18 |
| 87 | Tanzania (2007) | 28.14 |
| 88 | Swaziland (1982) | 28.04 |
| 89 | Comoros (2008) | 27.83 |
| 90 | Burma (1970) | 27.39 |
| 91 | East Asia & Pacific (1977) | 27 |
| 92 | Mexico (2008) | 26.79 |
| 93 | Madagascar (2000) | 26.78 |
| 94 | Ecuador (2008) | 26.68 |
| 95 | Argentina (2008) | 26.18 |
| 96 | Togo (2000) | 26.02 |
| 97 | Nepal (1982) | 25.78 |
| 98 | Burkina Faso (2008) | 24.09 |
| 99 | Senegal (2000) | 23.69 |
| 100 | Mali (2000) | 23.61 |
| 101 | Botswana (1982) | 23.52 |
| 102 | Nigeria (1992) | 22.1 |
| 103 | Low income (1980) | 22.05 |
| 104 | Malawi (2007) | 21.97 |
| 105 | Gambia (1990) | 20.69 |
| 106 | Uganda (1972) | 20.32 |
| 107 | Iraq (1976) | 19.57 |
| 108 | Least developed countries: UN classification (1980) | 18.37 |
| 109 | Oman (1981) | 17.98 |
| 110 | Heavily indebted poor countries (HIPC) (1972) | 16.79 |
| 111 | Saudi Arabia (1981) | 16.53 |
| 112 | Bangladesh (1982) | 14.76 |
| 113 | Indonesia (1971) | 11.81 |
| 114 | Democratic Republic of the Congo (1980) | 8.49 |
| 115 | Niger (2000) | 8.13 |
| 116 | Equatorial Guinea (1993) | 7.52 |
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