Liquid Liabilities

Oceania Ranking

percent of GDPSource: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Australia138.0120201110.4
2New Zealand100.062020288.84
3Vanuatu95.892020388.27
4Fiji73.932020555.91
5Micronesia61.342018465.71
6Tonga56.42018655.08
7Samoa47.442020745.49
8Solomon Islands28.612020826.45
9Papua New Guinea22.982019922.85

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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