Micronesia

Liquid Liabilities

61.34
percent of GDP
Dec 95Dec 99Dec 01Dec 03Dec 05Dec 08Dec 10Dec 12Dec 14Dec 16Dec 180.00020.0040.0060.0080.00
  • Micronesia
  • Global Median
Source: IMF

Definition of Liquid Liabilities

Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.

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