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Broad money (% of GDP)

(%)

In 2018, broad money (% of GDP) in Benin was 38.5 %. In the ranking by broad money (% of GDP) including 126 countries, Benin has the 93rd rank that is close to the positions of such countries as Indonesia and the Mexico. Compared to Hong Kong which at the top of the ranking with broad money (% of GDP) of 384.8 % in 2018, Benin has 90.00 % percent lower broad money (% of GDP).

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What is broad money (% of GDP)?

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.