Value of money supply (M1, M2 & M3) in Portugal 2015-2019
The statistic shows the development of the money supply (M1, M2 & M3) in Portugal from 2015 to 2019. The money supply is the amount of monetary assets available in an economy.
M1, called the "narrow money", includes usually includes currency in circulation* (banknotes and coins) and overnight deposits. It depicts the value of the most liquid components of the money supply.
M2, or The "intermediate money" is the sum of M1 (currency in circulation* and overnight deposits), deposits with maturity of maximum two years and deposits redeemable at notice of maximum three months.
M3, called the "broad money" is the sum of M1 (currency in circulation* and overnight deposits), M2 (M1 plus deposits with maturity of maximum two years and deposits redeemable at notice of maximum three months) and marketable instruments issued by Monetary Financial Institutions such as repurchase instruments or money market fund units. The value of money supply M3 (excluding currency in circulation) in Portugal amounted to approximately 13 trillion euros as of December 2019.
M1, called the "narrow money", includes usually includes currency in circulation* (banknotes and coins) and overnight deposits. It depicts the value of the most liquid components of the money supply.
M2, or The "intermediate money" is the sum of M1 (currency in circulation* and overnight deposits), deposits with maturity of maximum two years and deposits redeemable at notice of maximum three months.
M3, called the "broad money" is the sum of M1 (currency in circulation* and overnight deposits), M2 (M1 plus deposits with maturity of maximum two years and deposits redeemable at notice of maximum three months) and marketable instruments issued by Monetary Financial Institutions such as repurchase instruments or money market fund units. The value of money supply M3 (excluding currency in circulation) in Portugal amounted to approximately 13 trillion euros as of December 2019.
