Narrow Money (M1)
Narrow money (M1) is the most liquid part of the money supply, published by the Inter-American Development Bank (IDB) Latin Macro Watch for Latin America and the Caribbean. It usually includes currency in circulation held by the public and demand deposits at depository institutions, capturing the portion of money readily available for transactions. M1 is a core monetary aggregate for analyzing liquidity, monetary policy, and inflation dynamics.
Coverage
The series spans 25 countries in Latin America and the Caribbean at annual, monthly, and quarterly frequency, covering 1990 to 2026. Values are available in millions of domestic currency and millions of USD, as a share of GDP or of M2, and in CPI-deflated constant prices, including seasonally adjusted figures, each as period averages or end-of-period observations. Available transformations include 3-, 6-, and 12-month moving averages (MA3, MA6, MA12) plus month-over-month (MoM %), quarter-over-quarter (QoQ %), and year-over-year (YoY %) growth rates.
Sources
Data are compiled from regional central banks and monetary authorities, including the Banco Central do Brasil, Banco de Mexico (Banxico), Banco Central de Chile, and Consejo Monetario Centroamericano, and standardized within Latin Macro Watch for cross-country comparability.
Metadata & use
| 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 Narrow Money (M1) measure?M1 measures the most liquid part of the money supply, usually currency in circulation held by the public plus demand deposits, capturing money readily available for transactions. How many countries and which time period are covered?The indicator covers 25 countries across Latin America and the Caribbean over the period 1990-2026, at annual, monthly, and quarterly frequency. What units and transformations are available?Values come in millions of domestic currency and USD, as a share of GDP or M2, and in CPI-deflated constant prices and seasonally adjusted form, with MA3, MA6, MA12 moving averages and MoM %, QoQ %, and YoY % growth rates. Where does the data come from?The data are compiled from regional central banks and monetary authorities, including the Banco Central do Brasil, Banco de Mexico (Banxico), Banco Central de Chile, and Consejo Monetario Centroamericano, then standardized within Latin Macro Watch. What is this indicator typically used for?It is used to track liquidity conditions, analyze monetary policy and money demand, and study the relationship between money growth and inflation across the region. How do I cite this indicator?Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "Narrow Money (M1)". data.iadb.org/dataset/latin-macro-watch-dataset. |