Sub-Saharan Africa (excluding high income): Broad money (% of GDP)

Key figures

What the numbers say

In 2025, Sub-Saharan Africa (excluding high income)'s broad money (% of GDP) rose 0.24 percentage points on 2024 (from 42.31% to 42.55%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.44 percentage points and a typical year strayed about 12.81 percentage points from that (the standard deviation). This year's change was 0.0 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 37.54 percentage points in 2001 and the biggest yearly fall was 54.07 percentage points in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 0.65 percentage points a year. A straight line explains 41% 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.

How it compares

See how every economy compares in the full ranking.

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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 61 values

Broad money (% of GDP) in nearby economies

• Afghanistan — 37.51% (2020)
• Algeria — 75.15% (2025)
• Bahrain — 82.13% (2015)
• Djibouti — 71.07% (2024)
• Egypt, Arab Rep. — 77.35% (2025)
• Iran, Islamic Rep. — 79.14% (2016)
• Iraq — 47.87% (2024)
• Israel — 103.73% (2025)
• Jordan — 105.08% (2025)
• Kuwait — 87.43% (2025)
• Lebanon — 260.62% (2017)
• Libya — 64.41% (2021)

More financial sector data for Sub-Saharan Africa (excluding high income)

• Inflation, GDP deflator (annual % growth) — 4.3% (2025)
• Domestic credit to private sector by banks (% of GDP) — 24.71% (2023)
• Monetary sector credit to private sector (% of GDP) — 24.81% (2023)
• Claims on central government, etc. (% of GDP) — 12.88% (2023)
• Domestic credit to private sector (% of GDP) — 31.68% (2023)
• Stocks traded, turnover ratio of domestic shares (%) — 23.74% (2024)
• Inflation, consumer prices (annual % growth) — 3.46% (2025)
• Bank liquid reserves to bank assets ratio (%)

Reading data like this

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Questions people ask

What is Sub-Saharan Africa (excluding high income)'s broad money (% of GDP)?

42.55% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1965?

It is up 16.87 percentage points from 25.68% in 1965. The highest value was 89.49% in 2014 and the lowest 23% in 1981.

Is the latest change in broad money (% of GDP) unusual for Sub-Saharan Africa (excluding high income)?

In 2025, Sub-Saharan Africa (excluding high income)'s broad money (% of GDP) rose 0.24 percentage points on 2024 (from 42.31% to 42.55%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.44 percentage points and a typical year strayed about 12.81 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FM.LBL.BMNY.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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