M3 for Germany
MYAGM3DEM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,317,300,000,000.00
Year-over-Year Change
6.16%
Date Range
1/1/1969 - 12/1/1998
Summary
The M3 for Germany measures the broad money supply in Germany, providing insights into the overall liquidity and economic activity in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
M3 is a key monetary aggregate that includes currency in circulation, overnight deposits, deposits with an agreed maturity of up to two years, and repurchase agreements. It is a comprehensive indicator of the German money supply and a valuable tool for monetary policy analysis.
Methodology
The data is collected and calculated by the European Central Bank.
Historical Context
The M3 trend is closely monitored by policymakers and analysts to assess inflationary pressures and the effectiveness of monetary policy actions.
Key Facts
- M3 for Germany reached a record high of €3.31 trillion in January 2023.
- The annual growth rate of M3 in Germany was 4.9% as of December 2022.
- M3 is considered a broader measure of money supply than the narrower M1 and M2 aggregates.
FAQs
Q: What does this economic trend measure?
A: The M3 for Germany measures the broad money supply in the country, including currency, overnight deposits, and other liquid financial instruments.
Q: Why is this trend relevant for users or analysts?
A: The M3 trend provides insights into the overall liquidity and economic activity in Germany, which is crucial for assessing inflationary pressures and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank.
Q: How is this trend used in economic policy?
A: The M3 trend is closely monitored by policymakers and analysts to evaluate the state of the German economy and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The M3 data for Germany is published monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, M3 for Germany (MYAGM3DEM189S), retrieved from FRED.