The trajectory of global GDP & Money Supply keeps going up. The World's GDP was 103.86 trillion in 2022 and is forecasted for 112.6 trillion in 2023. As of Nov. 28, 2022, the total global value of the M2 money supply is $82.6 trillion.
Gross domestic product (GDP), is an estimate of the total value of goods and services produced in a country during a specified period, it is currently calculated yearly to understand the growth metrics of the country. The calculation is based on nominal GDP, also called GDP at current prices or in value. Countries by GDP is the single most indicator to capture economic activity of all the countries.
The largest economies and top 10 countries by GDP in the world are United States, China, Japan, Germany, India, United Kingdom, France, Canada, Russia & Brazil. The United States economy is the largest in the world, measured by nominal GDP, followed by China, the world's second largest with annual growth that consistently outpaces the United States. Below is the latest top 20 list of Countries by GDP, ranked as per the economic activity of each country in 2023.
Rank 2022 2023 2024
1 USA 25,035.164 26,185.210 27,057.202
2 China 18,321.197 19,243.974 20,699.148
3 Japan 4,300.621 4,365.976 4,568.729
4 Germany 4,031.149 4,120.242 4,337.385
5 India 3,468.566 3,820.573 4,170.220
6 UK 3,198.470 3,479.468 3,757.403
7 France 2,778.090 2,806.690 2,932.363
8 Canada 2,200.352 2,326.620 2,420.683
9 Russia 2,133.092 2,136.222 2,146.696
10 Brazil 1,894.708 2,059.443 2,200.916
11 Iran 1,973.738 2,044.152 2,135.731
12 Italy 1,996.934 1,991.008 2,059.410
13 South Korea 1,734.207 1,792.467 1,879.043
14 Australia 1,724.787 1,787.948 1,837.686
15 Mexico 1,424.533 1,476.407 1,527.077
16 Spain 1,389.927 1,421.012 1,508.902
17 Indonesia 1,289.429 1,388.683 1,506.988
18 Netherlands 990.583 1,019.762 1,076.955
19 Saudi Arabia 1,010.588 996.390 1,016.690
20 Turkey 853.487 941.551 1,037.858
(Source "populationu GDP List Updated Jan 2023 IMF gdp data in Oct 2022")
How Money Supply Is Measured:
M0: Referred to as the monetary base, M0 includes all the money in circulation, including money banks hold in reserve. According to the Federal Reserve, there was about $2.3 trillion in circulation as of January 2023.
M1: It includes all the M0 money supply, adding the money held in travelers’ checks, demand deposits, other types of checkable deposits and negotiable orders of withdrawal. As of January 2023, the seasonally adjusted stock of M1 totaled $19.64 trillion.
M2: It includes all of the currency from the M1 money supply, and expands to include mutual funds, smaller time deposits, money market securities and other types of time deposits. M2 currencies are usually less liquid than M1, meaning you can’t convert M2 money into cash as easily. The total stock of M2 was $21.27 trillion in January.
M3: It includes all the elements of M2, plus institutional money market funds and large time deposits. As compared to M1 and M2, M3 assets have the lowest liquidity. The Fed no longer calculates M3.
How Much Money Is in the World?
The total amount of money in the world can be measured and expressed in many different ways, so it’s difficult to give a specific answer.
If you’re curious about the total value of notes and coins in circulation, the Bank for International Settlements estimated it to be 8,275,000,000,000, or $8.28 trillion U.S. dollars, across 20 major countries plus the euro area in 2021, its most recent estimate. Of course, there are nearly 200 countries in the world, so this is just a rough estimate of the most narrowly defined — and perhaps easiest to quantify — category of money.
The global M1 supply, which includes all the money in circulation plus travelers checks and demand deposits like checking and savings accounts, was $48.9 trillion as of Nov. 28, 2022, according to Visual Capitalist. That publication estimated the total value of the M2 supply to be $82.6 trillion.
Money is also present in the form of investments and derivatives. The total market capitalization of just the New York Stock Exchange and Nasdaq is over 48,000,000,000,000 USD as of December 2022, according to Statista. The sum of Market Capitalization of Shanghai Stock Exchange and Market Capitalization of Shenzhen Stock Exchange accounted for 12,360,284,655,000 USD in March 2023. The total market cap of cryptocurrency, as reported by CoinMarketCap, adds another $1.16 trillion to that figure.
(Source "gobankingrates, By Scott Jeffries March 16, 2023")
Gross domestic product (GDP), is an estimate of the total value of goods and services produced in a country during a specified period, it is currently calculated yearly to understand the growth metrics of the country. The calculation is based on nominal GDP, also called GDP at current prices or in value. Countries by GDP is the single most indicator to capture economic activity of all the countries.
The largest economies and top 10 countries by GDP in the world are United States, China, Japan, Germany, India, United Kingdom, France, Canada, Russia & Brazil. The United States economy is the largest in the world, measured by nominal GDP, followed by China, the world's second largest with annual growth that consistently outpaces the United States. Below is the latest top 20 list of Countries by GDP, ranked as per the economic activity of each country in 2023.
Rank 2022 2023 2024
1 USA 25,035.164 26,185.210 27,057.202
2 China 18,321.197 19,243.974 20,699.148
3 Japan 4,300.621 4,365.976 4,568.729
4 Germany 4,031.149 4,120.242 4,337.385
5 India 3,468.566 3,820.573 4,170.220
6 UK 3,198.470 3,479.468 3,757.403
7 France 2,778.090 2,806.690 2,932.363
8 Canada 2,200.352 2,326.620 2,420.683
9 Russia 2,133.092 2,136.222 2,146.696
10 Brazil 1,894.708 2,059.443 2,200.916
11 Iran 1,973.738 2,044.152 2,135.731
12 Italy 1,996.934 1,991.008 2,059.410
13 South Korea 1,734.207 1,792.467 1,879.043
14 Australia 1,724.787 1,787.948 1,837.686
15 Mexico 1,424.533 1,476.407 1,527.077
16 Spain 1,389.927 1,421.012 1,508.902
17 Indonesia 1,289.429 1,388.683 1,506.988
18 Netherlands 990.583 1,019.762 1,076.955
19 Saudi Arabia 1,010.588 996.390 1,016.690
20 Turkey 853.487 941.551 1,037.858
(Source "populationu GDP List Updated Jan 2023 IMF gdp data in Oct 2022")
How Money Supply Is Measured:
M0: Referred to as the monetary base, M0 includes all the money in circulation, including money banks hold in reserve. According to the Federal Reserve, there was about $2.3 trillion in circulation as of January 2023.
M1: It includes all the M0 money supply, adding the money held in travelers’ checks, demand deposits, other types of checkable deposits and negotiable orders of withdrawal. As of January 2023, the seasonally adjusted stock of M1 totaled $19.64 trillion.
M2: It includes all of the currency from the M1 money supply, and expands to include mutual funds, smaller time deposits, money market securities and other types of time deposits. M2 currencies are usually less liquid than M1, meaning you can’t convert M2 money into cash as easily. The total stock of M2 was $21.27 trillion in January.
M3: It includes all the elements of M2, plus institutional money market funds and large time deposits. As compared to M1 and M2, M3 assets have the lowest liquidity. The Fed no longer calculates M3.
How Much Money Is in the World?
The total amount of money in the world can be measured and expressed in many different ways, so it’s difficult to give a specific answer.
If you’re curious about the total value of notes and coins in circulation, the Bank for International Settlements estimated it to be 8,275,000,000,000, or $8.28 trillion U.S. dollars, across 20 major countries plus the euro area in 2021, its most recent estimate. Of course, there are nearly 200 countries in the world, so this is just a rough estimate of the most narrowly defined — and perhaps easiest to quantify — category of money.
The global M1 supply, which includes all the money in circulation plus travelers checks and demand deposits like checking and savings accounts, was $48.9 trillion as of Nov. 28, 2022, according to Visual Capitalist. That publication estimated the total value of the M2 supply to be $82.6 trillion.
Money is also present in the form of investments and derivatives. The total market capitalization of just the New York Stock Exchange and Nasdaq is over 48,000,000,000,000 USD as of December 2022, according to Statista. The sum of Market Capitalization of Shanghai Stock Exchange and Market Capitalization of Shenzhen Stock Exchange accounted for 12,360,284,655,000 USD in March 2023. The total market cap of cryptocurrency, as reported by CoinMarketCap, adds another $1.16 trillion to that figure.
(Source "gobankingrates, By Scott Jeffries March 16, 2023")
Comment:
In 2022, the global bond market totaled 133 trillion.
1 U.S. 51.3T
2 China 20.9T
3 Japan 11.0T
4 France 4.4T
5 United Kingdom 4.3T
6 Canada 4.0T
7 Germany 3.7T
8 Italy 2.9T
9 Cayman Islands 2.7T
10 Brazil 2.4T
1 U.S. 51.3T
2 China 20.9T
3 Japan 11.0T
4 France 4.4T
5 United Kingdom 4.3T
6 Canada 4.0T
7 Germany 3.7T
8 Italy 2.9T
9 Cayman Islands 2.7T
10 Brazil 2.4T
Comment:
Today 5/3
FOMC Interest rate decision 2pm EST
FOMC Press conference 2:30pm EST
Thursday 5/4
ECB Interest rate decision 8:15pm EST
ECB Monetary policy statement 8:15pm EST
FOMC Interest rate decision 2pm EST
FOMC Press conference 2:30pm EST
Thursday 5/4
ECB Interest rate decision 8:15pm EST
ECB Monetary policy statement 8:15pm EST
Comment:
5/3 FOMC Interest rate decision = +0.25% = 5.25%
5/4 ECB interest rate decision = +0.25% = 3.75%
5/4 ECB interest rate decision = +0.25% = 3.75%
Comment:
5/8 2pm EST
Federal Reserve Loan Officer Survey
Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The Federal Reserve occasionally conducts one or two additional surveys during the year. Questions cover changes in the standards and terms of the banks' lending and the state of business and household demand for loans. The survey often includes questions on one or two other topics of current interest.
Federal Reserve Loan Officer Survey
Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The Federal Reserve occasionally conducts one or two additional surveys during the year. Questions cover changes in the standards and terms of the banks' lending and the state of business and household demand for loans. The survey often includes questions on one or two other topics of current interest.
Comment:
5/10/2023 CPI results = Actual Forecast Previous
Core CPI (MoM) (Apr) 0.4% 0.4% 0.4%
Core CPI (YoY) (Apr) 5.5% 5.5% 5.6%
Core CPI Index (Apr) 306.49 306.21 305.24
CPI (YoY) (Apr) 4.9% 5.0% 5.0%
CPI (MoM) (Apr) 0.4% 0.4% 0.1%
CPI Index, n.s.a. (Apr) 303.36 303.53 301.84
CPI Index, s.a (Apr) na 303.28 301.81
CPI, n.s.a (MoM) (Apr) 0.51% na 0.33%
Real Earnings (MoM) (Apr) 0.1% 0.0% -0.1%
Core CPI (MoM) (Apr) 0.4% 0.4% 0.4%
Core CPI (YoY) (Apr) 5.5% 5.5% 5.6%
Core CPI Index (Apr) 306.49 306.21 305.24
CPI (YoY) (Apr) 4.9% 5.0% 5.0%
CPI (MoM) (Apr) 0.4% 0.4% 0.1%
CPI Index, n.s.a. (Apr) 303.36 303.53 301.84
CPI Index, s.a (Apr) na 303.28 301.81
CPI, n.s.a (MoM) (Apr) 0.51% na 0.33%
Real Earnings (MoM) (Apr) 0.1% 0.0% -0.1%
Comment:
2s10s yield curve update 5/17/2023
Comment:
Friday 5/19/23 at 11am
United States Federal Reserve Chair Powell Speaks
United States Federal Reserve Chair Powell Speaks
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EST. +2.0%
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U.S. Q1 GDP PRICE INDEX RISES 4.0% Y/Y
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PREV. 1.1%