Equatorial Guinea: Broad money (annual % growth)

Key figures

What the numbers say

In 2023, Equatorial Guinea's broad money (annual % growth) fell 13.26 percentage points on 2022 (from 21.98% to 8.73%).

Across the 30 yearly changes before that (1993 to 2022), the average change was −0.28 percentage points and a typical year strayed about 43.73 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 165 percentage points in 1994 and the biggest yearly fall was 92.7 percentage points in 1990. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 3.15 percentage points a year. A straight line explains 63% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Equatorial Guinea in the 2023 ranking

• Tanzania — 3rd of 9: 14.06%
• Congo, Rep. — 4th of 9: 9.64%
• Fiji — 5th of 9: 8.76%
• Barbados — 7th of 9: 0.94%
• Aruba — 8th of 9: 0.79%
• Haiti — 9th of 9: -9.64%

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: 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.

All 38 values

Broad money (annual % growth) in nearby economies

• Angola — 8.52% (2025)
• Benin — 15.43% (2025)
• Botswana — 4.8% (2024)
• Burkina Faso — 17.38% (2025)
• Burundi — 19.81% (2025)
• Cabo Verde — 9.22% (2025)
• Cameroon — 13.94% (2018)
• Central African Republic — 2.49% (2022)
• Chad — 13.63% (2021)
• Comoros — 18.04% (2025)
• Congo, Dem. Rep. — -9.63% (2025)

More financial sector data for Equatorial Guinea

• DEC alternative conversion factor (LCU per US$) — US$581.93 (2025)
• Official exchange rate (LCU per US$, period average) — US$581.93 (2025)
• GDP deflator (base year varies by country) — 169.1 (2025)
• Inflation, GDP deflator (annual % growth) — -1.38% (2025)
• Real effective exchange rate index (2010 = 100) — 104.48 (2025)
• Consumer price index (2010 = 100) — 144.38 (2024)
• Domestic credit to private sector by banks (% of GDP) — 5.76% (2023)
• Net foreign assets (current LCU) — 922.93 billion (2023)
• Monetary sector credit to private sector (% of GDP)

Reading data like this

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Questions people ask

What is Equatorial Guinea's broad money (annual % growth)?

8.73% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1986?

It is down 8.7 percentage points from 17.42% in 1986. The highest value was 139.54% in 1994 and the lowest -51.99% in 1990.

Is the latest change in broad money (annual % growth) unusual for Equatorial Guinea?

In 2023, Equatorial Guinea's broad money (annual % growth) fell 13.26 percentage points on 2022 (from 21.98% to 8.73%). Across the 30 yearly changes before that (1993 to 2022), the average change was −0.28 percentage points and a typical year strayed about 43.73 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.ZG, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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