Ethiopia: Liquid liabilities, percent of GDP

The latest value from 2008 is 34.57 percent, a decline from 40.45 percent in 2007. In comparison, the world average is 62.33 percent, based on data from 175 countries. Historically, the average for Ethiopia from 1961 to 2008 is 22.78 percent. The minimum value, 5.98 percent, was reached in 1961 while the maximum of 46.89 percent was recorded in 2004. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.