Tajikistan M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Tajikistan's m2 money supply growth was 33.88% in 2025, ranked 10th globally. This represents a 33.1% decrease from 2024. Data from World Bank, covering 1999–2025.
Overview
Tajikistan's m2 money supply growth stood at 33.88% in 2025, a decline of +16.77pp from 2023. Based on recent trends, this figure is projected to reach 33.88% by 2025. Tajikistan ranked 10th globally.
Tajikistan’s M2 money‑supply growth has remained markedly volatile over the past 26 years, accelerating from 24.59 % in 1999 to a dramatic peak of 80.22 % in 2007 before collapsing to a trough of –7.56 % in 2022. The 2025 growth rate of 33.88 % places the country tenth worldwide and still exceeds the 30.53 % recorded by Egypt, Arab Republic of, while trailing Ghana’s 42.40 % rise. The post‑2007 slowdown reflects tighter fiscal conditions and external shocks, yet the rebound after the 2022 contraction suggests a partial recovery driven by monetary easing and modest export gains. Nevertheless, the persistence of high inflation and limited financial deepening could restrain future expansions. If the central bank sustains accommodative policy while strengthening the banking sector, Tajikistan may maintain double‑digit M2 growth; otherwise, renewed external pressures could again depress the money supply.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 38.01% | - | - |
| 2025* trend | 33.88% | - | - |
| 2025 | 33.88% | −16.77pp | #10 |
| 2023 | 50.64% | +58.21pp | #117 |
| 2022 | -7.56% | −15.74pp | #1 |
| 2021 | 8.18% | −10.32pp | #45 |
| 2020 | 18.50% | +1.55pp | #113 |
| 2019 | 16.94% | +11.80pp | #135 |
| 2018 | 5.14% | −16.69pp | #53 |
| 2017 | 21.84% | −15.22pp | #141 |
| 2016 | 37.06% | +18.39pp | #151 |
| 2015 | 18.67% | +11.61pp | #131 |
| 2014 | 7.07% | −12.66pp | #54 |
| 2013 | 19.73% | +0.18pp | #135 |
| 2012 | 19.55% | −13.52pp | #129 |
| 2011 | 33.07% | +14.49pp | #148 |
| 2010 | 18.59% | −22.15pp | #110 |
Detected Pattern
Analysis
Tajikistan matched the Export Boom Cycle pattern in 2022. 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
Tajikistan's m2 money supply growth was 33.88% in 2025. Ranked 10th globally. This represents a 33.1% decrease from the previous year.
Tajikistan's m2 money supply growth peaked at 80.22% in 2007.
The lowest m2 money supply growth in Tajikistan was -7.56% in 2022.
Tajikistan ranks 10th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Tajikistan's m2 money supply growth is projected to reach 33.88% by 2025 based on trend extrapolation.
The m2 money supply growth of Tajikistan in 2025 was 33.88%. This ranks 10th in the world.
Cite this page
@misc{historysaid_tajikistan_m2-growth,
title = {Tajikistan M2 Money Supply Growth},
url = {https://historysaid.com/tajikistan/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}