Monetary Base (M0)
The monetary base (M0) is the stock of the most liquid liabilities of the central bank. It typically includes currency in circulation held by the public plus bank reserves deposited at the central bank, and it is the narrowest monetary aggregate, anchoring the money supply and central-bank operations. M0 is closely watched for analysis of liquidity, monetary policy and inflation. This Latin Macro Watch indicator, published by the Inter-American Development Bank (IDB) on data.iadb.org, brings comparable monetary-base series together for Latin America and the Caribbean.
Coverage
The indicator covers 26 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, as a share of GDP and as a share of M2, with end-of-period, average-of-period, CPI-deflated constant-price and seasonally adjusted variants. 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, the Banco de Mexico (Banxico), the Banco Central de Chile, the 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.
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 the Monetary Base (M0) measure?M0 is the stock of the central bank's most liquid liabilities, typically currency in circulation held by the public plus bank reserves deposited at the central bank. It is the narrowest monetary aggregate. How many countries and which frequencies and period are covered?The indicator covers 26 countries across Latin America and the Caribbean at annual, monthly and quarterly frequency, spanning 1990–2026. What units and transformations are available?Values are available in millions of domestic currency, millions of USD, as a share of GDP and as a share of M2, 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. What is this indicator typically used for?Analysts, researchers and policymakers use M0 to monitor central-bank liquidity provision, study monetary-policy operations and the money multiplier, and compare monetary conditions across Latin American and Caribbean economies. How do I cite this indicator?Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "Monetary Base (M0)". data.iadb.org/dataset/latin-macro-watch-dataset. |