Money supply M1 in Eurozone 2024| ��ƽ��

Development of the money supply M1 in the euro area from 2001 to 2024 (in billion euros)

Characteristic	Money supply in billion euros
2024	10,573
2023	10,368
2022	11,328
2021	11,258
2020	10,254
2019	8,944
2018	8,280
2017	7,789
2016	7,189
2015	6,598
2014	5,908
2013	5,396
2012	5,086
2011	4,782
2010	4,702
2009	4,478
2008	3,972
2007	3,826
2006	3,677
2005	3,417
2004	2,894
2003	2,648
2002	2,370
2001	2,139

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Release date

January 2025

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Region

Europe

Survey time period

2001 to 2024

Supplementary notes

Includes money in circulation and overnight deposits.

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The Eurozone's M1 money supply - consisting of currency in circulation and overnight deposits - reached 10.57 trillion euros in December 2024, showing a modest increase from the previous year. M1, known as "narrow money," represents the most liquid components of the money supply.

M2 money supply

M2 is the calculation of the money supply, which includes cash, checking deposits and convertible near money. Considered broad money, the money supply M2 includes M1. The measurement is used as a factor in forecasting inflation and interest rates and is used by central banks in creating and regulating policies. At the end of 2024, the value of the M2 money supply in the euro area amounted to approximately 15.6 trillion euros.

M3 money supply

M3, called "broad money" is the sum of M1 (currency in circulation and overnight deposits), M2 (M1 plus deposits with a maximum maturity of two years and deposits redeemable at notice of three months) and marketable instruments issued by Monetary Financial Institutions such as repurchase instruments or money market fund units. The value of M3 money supply in the euro area was valued at 16.7 trillion euros as of December 2024.