Here’s how much money supply has grown for major economies in the past decade (2008 to 2018)

Broad Money M3

Broad money (M3) includes currency, deposits with an agreed maturity of up to two years, deposits redeemable at notice of up to three months and repurchase agreements, money market fund shares/units and debt securities up to two years.

Money Velocity

The velocity of M3 helps determine how often financial assets are switching hands within the economy.

The Equation of Exchange

MV=PQ

Money Supply (M) * Money Velocity (V) = Price level (P) * Real economic output (Q)

Alternatively, Money Supply * Money Velocity = Nominal GDP

Is Inflation as low as the official numbers claim it is or is money velocity super low? (Related: The curious case of low U.S. money velocity)

Here are charts for each country,

Japan
Growth since January 1, 2008: 28.4%

Switzerland
Growth since January 1, 2008: 67.3%

United Kingdom
Growth since January 1, 2008: 48.2%

United States
Growth since January 1, 2008: 86.3%

Euro Area
Growth since January 1, 2008: 36.5%

China
Growth since January 1, 2008: 318.4%

Turkey
Growth since January 1, 2008: 381.8%

India
Growth since January 1, 2008: 260.4%

 

Related:

Here’s how much the balance sheets of the Bank of Japan, the Swiss National Bank, the Federal Reserve and the European Central Bank have grown this century