Global Financial Data has added 50 new Money Supply files. With these additions, the GFDatabase now includes data on the Money Supply from over 100 countries. You can find these files by going to GFD’s search engine and choosing Currency in Circulation, M1, M2 or M3 under the Main Indicators. This will provide you with a list of the countries for which GFD has Money Supply data. To obtain the Money Supply for a particular country you can use the mnemonic MS + 3-letter ISO Code + M0 for Currency in Circulation, + M1 for the M1 Money Supply, + M2 for the M2 Money Supply or + M3 for the M3 Money supply. Consequently, the M1 Money Supply for the United States is MSUSAM1 and the Currency in Circulation for the United Kingdom is MSGBRM0, which begins in 1696. You can also divide the money supply values by GDP to calculate any of these four measures as a share of GDP.

Information on the money supply is an important indicator of future inflation. As Milton Friedman said, “Inflation is always and everywhere a monetary phenomenon.” There is a very high correlation between long-term changes in the money supply and long-term changes in Consumer Prices. If you look at the hyperinflations that occurred in Germany, Hungary, Yugoslavia or Zimbabwe in the past, or in Venezuela today, you will see that increases in the money supply preceded the inflation that followed. Since the Great Recession of 2008, however, the Federal Reserve has increased the broader money supply without an increase in the prices of goods. Nevertheless, some people point to the rise in stock prices as a consequence of the large increase in the broader measures of the money supply in the United States and in Europe.

A list of the new files is provided below:

Country Ticker Type Periodicity Begins
Albania MSALBM1 M1 Money Supply Monthly 2002
Albania MSALBM2 M2 Money Supply Monthly 2002
Albania MSALBM3 M3 Money Supply Monthly 2002
Armenia MSARMM1 M1 Money Supply Monthly 2003
Armenia MSARMM2 M2 Money Supply Monthly 2003
Azerbaijan MSAZEM2 M2 Money Supply Monthly 2006
Burundi MSBDIM1 M1 Money Supply Monthly 2008
Burundi MSBDIM2 M2 Money Supply Monthly 2008
Burundi MSBDIM3 M3 Money Supply Monthly 2008
Belarus MSBLRM0 Currency in Circulation Monthly 1989
Belarus MSBLRM2 M2 Money Supply Monthly 1989
Czech Republic MSCZEM1 M1 Money Supply Monthly 1993
Czech Republic MSCZEM2 M2 Money Supply Monthly 1993
Dominican Republic MSDOMM3 M3 Money Supply Monthly 1996
Ecuador MSECUM1 M1 Money Supply Monthly 2013
Ecuador MSECUM2 M2 Money Supply Monthly 2013
Honduras MSHNDM1 M1 Money Supply Monthly 2001
Honduras MSHNDM2 M2 Money Supply Monthly 2001
Haiti MSHTIM1 M1 Money Supply Monthly 2006
Haiti MSHTIM2 M2 Money Supply Monthly 2006
Haiti MSHTIM3 M3 Money Supply Monthly 2006
Iceland MSISLM1 M1 Money Supply Monthly 1994
Iceland MSISLM2 M2 Money Supply Monthly 1994
Iceland MSISLM3 M3 Money Supply Monthly 1994
Kenya MSKENM2 M2 Money Supply Monthly 1995
Kenya MSKENM1 M1 Money Supply Monthly 1995
Cambodia MSKHMM2 M2 Money Supply Monthly 1993
Cambodia MSKHMM1 M1 Money Supply Monthly 1993
Sri Lanka MSLKAM1 M1 Money Supply Monthly 1995
Sri Lanka MSLKAM2 M2 Money Supply Monthly 1995
Lithuania MSLTUM3 M3 Money Supply Monthly 2015
Latvia MSLVAM2 M2 Money Supply Monthly 2014
Morocco MSMARM2 M2 Money Supply Monthly 1985
Mexico MSMEXM2 M2 Money Supply Monthly 2000
Malaysia MSMYSM3 M3 Money Supply Monthly 1998
Nicaragua MSNICM2 M2 Money Supply Monthly 2001
Norway MSNORM1 M1 Money Supply Monthly 2008
Peru MSPERM1 M1 Money Supply Monthly 1992
Peru MSPERM2 M2 Money Supply Monthly 1992
Papua New Guinea MSPNGM1 M1 Money Supply Monthly 2002
Papua New Guinea MSPNGM3 M3 Money Supply Monthly 2002
Romania MSROUM1 M1 Money Supply Monthly 2007
Romania MSROUM2 M2 Money Supply Monthly 2007
Romania MSROUM3 M3 Money Supply Monthly 2007
China MSCHNM2 M2 Money Supply Monthly 2014
Pakistan MSPAKM2 M2 Money Supply Monthly 2008
Pakistan MSPAKM3 M3 Money Supply Monthly 2008
Saudi Arabia MSSAUM2 M2 Money Supply Monthly 1993
Singapore MSSGPM2 M2 Money Supply Monthly 1991
Uruguay MSURYM3 M3 Money Supply Monthly 1998