Kyrgyz Republic M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Kyrgyz Republic's m2 money supply growth was 46.60% in 2025, ranked 6th globally. This represents a 52.3% increase from 2024. Data from World Bank, covering 1996–2025.
Overview
Kyrgyz Republic's m2 money supply growth stood at 46.60% in 2025, a rise of +16.01pp from 2022. Based on recent trends, this figure is projected to reach 46.60% by 2025. Kyrgyz Republic ranked 6th globally.
Kyrgyz Republic’s broad money (M2) expanded by 46.60 percent in 2025, placing the country sixth in the world for that year and indicating a persistently high pace of monetary growth. The surge follows an all‑time peak of 50.18 percent in 2006, after which the supply contracted sharply to a trough of 3.02 percent in 2014, before resuming an upward trajectory that has persisted for more than a decade. Over the 28‑year series, the average annual increase exceeds 30 percent, far outpacing many emerging economies; for comparison, Malawi recorded a 52.06 percent rise and Sierra Leone 46.06 percent in the same period. The post‑trough acceleration reflects a combination of fiscal stimulus, liberalised credit markets and a depreciation‑driven inflationary environment. Continued fiscal expansion or a sharp depreciation of the som could sustain the current high growth, whereas tighter monetary policy or stronger fiscal consolidation would be required to moderate the trajectory.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2025* trend | 46.60% | - | - |
| 2025 | 46.60% | +16.01pp | #6 |
| 2022 | 30.59% | +11.47pp | #120 |
| 2021 | 19.12% | −4.76pp | #120 |
| 2020 | 23.88% | +11.05pp | #128 |
| 2019 | 12.83% | +7.31pp | #119 |
| 2018 | 5.52% | −12.39pp | #57 |
| 2017 | 17.91% | +3.33pp | #133 |
| 2016 | 14.58% | −0.32pp | #122 |
| 2015 | 14.90% | +11.88pp | #118 |
| 2014 | 3.02% | −19.74pp | #17 |
| 2013 | 22.76% | −1.07pp | #147 |
| 2012 | 23.83% | +8.92pp | #140 |
| 2011 | 14.91% | −6.24pp | #101 |
| 2010 | 21.15% | −1.08pp | #120 |
| 2009 | 22.22% | +14.47pp | #131 |
Detected Pattern
Analysis
Kyrgyz Republic matched the Fiscal Dominance Trap pattern in 2023. Historically, 72% of countries showing this pattern (278 out of 386) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Kyrgyz Republic's m2 money supply growth was 46.60% in 2025. Ranked 6th globally. This represents a 52.3% increase from the previous year.
Kyrgyz Republic's m2 money supply growth peaked at 50.18% in 2006.
The lowest m2 money supply growth in Kyrgyz Republic was 3.02% in 2014.
Kyrgyz Republic ranks 6th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Kyrgyz Republic's m2 money supply growth is projected to reach 46.60% by 2025 based on trend extrapolation.
The m2 money supply growth of Kyrgyz Republic in 2025 was 46.60%. This ranks 6th in the world.
Cite this page
@misc{historysaid_kyrgyz-republic_m2-growth,
title = {Kyrgyz Republic M2 Money Supply Growth},
url = {https://historysaid.com/kyrgyz-republic/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}