Where Data Tells the Story
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Global broad money supply rose to $142 trillion in September 2025, up from $26 trillion in 2000—an average annual growth rate (CAGR) of 7.0%. In 2025, momentum strengthened, with broad money expanding 9.1% year-to-date and 6.7% year-on-year in July. Much of this increase reflected the U.S. dollar’s depreciation against major currencies, as the Dollar Index (DXY) fell 9.9% year-to-date.
Between February 2020 and February 2022, money supply jumped 25%, before leveling off around $125 trillion through 2022 and 2023. From 2021 to 2024, growth slowed to a muted 1.4% CAGR, pulling the 2019–2024 rate down to 5.3%, below the long-term trend.
* Data covers 169 countries and territories, representing 99% of global GDP. All currencies converted to U.S. Dollar