Intermediate Money (M2)

Intermediate money (M2) is a broad measure of the money supply, consisting of M1 plus quasi-money such as savings deposits, small time deposits and other near-money instruments. M2 captures both the transactional role of money and its use as a short-term store of value, making it a core monetary aggregate for tracking liquidity, inflation pressure and central-bank policy. This Latin Macro Watch indicator, published by the Inter-American Development Bank (IDB) on data.iadb.org, brings M2 series together for Latin America and the Caribbean in a single, comparable format.

Coverage

The indicator covers 25 countries across Latin America and the Caribbean at annual, monthly and quarterly frequency over the period 1990–2026. Values are available in millions of domestic currency, millions of USD and as a share of GDP, with end-of-period, average-of-period, CPI-deflated constant-price and seasonally adjusted variants. Standard transformations include moving averages (MA3, MA6, MA12) and month-over-month, quarter-over-quarter and year-over-year percentage changes.

Sources

Figures are compiled from national central banks and statistical agencies, including the Banco Central do Brasil, Banco de Mexico (Banxico), Banco Central de Chile, Banco de la República de Colombia and the Central Bank of Trinidad and Tobago, among others. IDB harmonizes these national sources to support cross-country macroeconomic comparison.

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Format	CSV
Language	en
Country	Argentina Bahamas Trinidad & Tobago Belize Costa Rica Dominican Republic Ecuador Bolivia Brazil Chile Colombia El Salvador Jamaica Mexico Nicaragua Guatemala Guyana Haiti Honduras Panama Uruguay Venezuela Barbados Paraguay Peru Suriname
Data notes	What does Intermediate Money (M2) measure? M2 is a broad money-supply measure equal to M1 plus quasi-money such as savings deposits, small time deposits and other near-money instruments. It reflects both the transactional role of money and its use as a short-term store of value. How many countries and which frequencies and period are covered? The indicator covers 25 countries across Latin America and the Caribbean at annual, monthly and quarterly frequency, spanning 1990–2026. What units and transformations are available? M2 is available in millions of domestic currency, millions of USD and as a share of GDP, with end-of-period, average-of-period, CPI-deflated constant-price and seasonally adjusted variants. Transformations include MA3, MA6, MA12 moving averages and month-over-month, quarter-over-quarter and year-over-year percentage changes. Where does the data come from? Data are compiled from national central banks and statistical agencies, including the Banco Central do Brasil, Banco de Mexico (Banxico), Banco Central de Chile, Banco de la República de Colombia and the Central Bank of Trinidad and Tobago, then harmonized by the IDB for the Latin Macro Watch. What is this indicator typically used for? Analysts, researchers and policymakers use M2 to monitor liquidity conditions, assess inflation pressures and study the transmission of monetary policy, and to compare monetary developments across Latin American and Caribbean economies. How do I cite this indicator? Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "Intermediate Money (M2)". data.iadb.org/dataset/latin-macro-watch-dataset.