Zimbabwe: Broad money (current LCU)

Key figures

What the numbers say

In 2023, Zimbabwe's broad money (current LCU) rose 708.9% on 2022 (from 935.77 million to 7.57 billion).

Across the 30 yearly changes before that (1989 to 2022), the average change was +56.5% and a typical year strayed about 123.9% from that (the standard deviation). This year's change was 5.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 708.9% in 2023 and the biggest yearly fall was 58.2% in 2003. 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 459.61 million a year. A straight line explains 35% 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 Zimbabwe in the 2023 ranking

• Tajikistan — 5th of 9: 39.55 billion
• Barbados — 6th of 9: 14.09 billion
• Fiji — 7th of 9: 11.14 billion
• Aruba — 9th of 9: 5.59 billion

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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 42 values

Broad money (current LCU) in nearby economies

• Angola — 17.82 trillion (2025)
• Benin — 4.23 trillion (2025)
• Botswana — 115.36 billion (2024)
• Burkina Faso — 6.96 trillion (2025)
• Burundi — 8.01 trillion (2025)
• Cabo Verde — 281.73 billion (2025)
• Cameroon — 4.75 trillion (2018)
• Central African Republic — 488.93 billion (2022)
• Chad — 1.5 trillion (2021)
• Comoros — 285.91 billion (2025)
• Congo, Dem. Rep. — 42.99 trillion (2025)

More financial sector data for Zimbabwe

• GDP deflator (base year varies by country) — 2,193 (2025)
• DEC alternative conversion factor (LCU per US$) — US$31.8 (2025)
• Inflation, GDP deflator (annual % growth) — 83.12% (2025)
• Official exchange rate (LCU per US$, period average) — US$26.6 (2025)
• Net foreign assets (current LCU) — 1.55 billion (2023)
• Net domestic credit (current LCU) — 5.59 billion (2023)
• Broad money (% of GDP) — 11.2% (2023)
• Broad money to total reserves ratio — 34.79 (2023)
• Claims on central government, etc. (% of GDP) — 1.44% (2023)
• Monetary sector credit to private sector (% of GDP)

Reading data like this

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Questions people ask

What is Zimbabwe's broad money (current LCU)?

7.57 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1979?

It is up 2.84 million% from 266,776 in 1979 (26.24% a year on average, compounded). The highest value was 7.57 billion in 2023 and the lowest 266,776 in 1979.

Is the latest change in broad money (current LCU) unusual for Zimbabwe?

In 2023, Zimbabwe's broad money (current LCU) rose 708.9% on 2022 (from 935.77 million to 7.57 billion). Across the 30 yearly changes before that (1989 to 2022), the average change was +56.5% and a typical year strayed about 123.9% from that (the standard deviation). This year's change was 5.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

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.CN, 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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