South Africa M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
South Africa's m2 money supply growth was 6.55% in 2025, ranked 71st globally. This represents a 2.4% decrease from 2024. Data from World Bank, covering 1966–2025.
Overview
South Africa's m2 money supply growth stood at 6.55% in 2025, a decline of +0.16pp from 2024. Based on recent trends, this figure is projected to reach 6.55% by 2025. South Africa ranked 71st globally.
South Africa's M2 Money Supply Growth has exhibited significant fluctuations over the past 60 years, with a notable peak in 1988 at 27.02% amidst an era of hyperinflation and economic turmoil. Conversely, the country experienced a substantial trough in 2009 at 1.76%, following the global financial crisis. Currently, South Africa's M2 Money Supply Growth stands at 6.55%, ranking 71 globally. When compared to its peer countries, such as the Philippines which shares the same growth rate, and Dominica with a slightly higher growth rate of 6.70%, South Africa's growth rate is relatively stable. The country's monetary policy, led by the South African Reserve Bank, plays a crucial role in shaping the money supply growth. A potential shift in the monetary policy stance or changes in the country's economic environment, such as a significant shift in commodity prices, could alter the trajectory of South Africa's M2 Money Supply Growth, potentially leading to a divergence from its current growth rate trend.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 5.84% | - | - |
| 2026* trend | 6.19% | - | - |
| 2025* trend | 6.55% | - | - |
| 2025 | 6.55% | −0.16pp | #71 |
| 2024 | 6.71% | −0.88pp | #34 |
| 2023 | 7.59% | −1.04pp | #62 |
| 2022 | 8.64% | +2.93pp | #76 |
| 2021 | 5.71% | −3.72pp | #32 |
| 2020 | 9.43% | +3.32pp | #44 |
| 2019 | 6.11% | +0.51pp | #56 |
| 2018 | 5.60% | −0.83pp | #58 |
| 2017 | 6.43% | +0.35pp | #62 |
| 2016 | 6.08% | −4.24pp | #55 |
| 2015 | 10.32% | +3.04pp | #89 |
| 2014 | 7.28% | +1.36pp | #57 |
| 2013 | 5.92% | +0.74pp | #39 |
| 2012 | 5.17% | −3.17pp | #40 |
| 2011 | 8.34% | +1.41pp | #58 |
Detected Pattern
Analysis
South Africa matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
South Africa's m2 money supply growth was 6.55% in 2025. Ranked 71st globally. This represents a 2.4% decrease from the previous year.
South Africa's m2 money supply growth peaked at 27.02% in 1988.
The lowest m2 money supply growth in South Africa was 1.76% in 2009.
South Africa ranks 71st globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
South Africa's m2 money supply growth is projected to reach 6.55% by 2025 based on trend extrapolation.
The m2 money supply growth of South Africa in 2025 was 6.55%. This ranks 71st in the world.
Cite this page
@misc{historysaid_south-africa_m2-growth,
title = {South Africa M2 Money Supply Growth},
url = {https://historysaid.com/south-africa/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}