The annual value of new banknotes printed in the United States varied significantly between 2002 and 2023, showing a clear downward trend in recent years. The peak was in 2012, when the Bureau of Engraving and Printing produced banknotes valued at 386.6 billion U.S. dollars. During the quantitative easing of 2021, 319.7 billion U.S. dollars worth of banknotes were printed, marking the third-highest figure within the period. By 2023, the value of new banknotes printed had dropped by half, reaching 162.4 billion U.S. dollars. At the same time, the value of currency in circulation reached 2.29 trillion U.S. dollars in 2023.
Annual value of U.S. dollar banknotes printed in the United States from 2002 to 2023
(in billion U.S. dollars)
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Federal Reserve. (August 12, 2024). Annual value of U.S. dollar banknotes printed in the United States from 2002 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1386196/value-of-banknotes-printed-us/
Federal Reserve. "Annual value of U.S. dollar banknotes printed in the United States from 2002 to 2023 (in billion U.S. dollars)." Chart. August 12, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1386196/value-of-banknotes-printed-us/
Federal Reserve. (2024). Annual value of U.S. dollar banknotes printed in the United States from 2002 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1386196/value-of-banknotes-printed-us/
Federal Reserve. "Annual Value of U.S. Dollar Banknotes Printed in The United States from 2002 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Aug 2024, https://www.statista.com/statistics/1386196/value-of-banknotes-printed-us/
Federal Reserve, Annual value of U.S. dollar banknotes printed in the United States from 2002 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1386196/value-of-banknotes-printed-us/ (last visited November 22, 2024)
Annual value of U.S. dollar banknotes printed in the United States from 2002 to 2023 (in billion U.S. dollars) [Graph], Federal Reserve, August 12, 2024. [Online]. Available: https://www.statista.com/statistics/1386196/value-of-banknotes-printed-us/
