Italy M2 Growth

1975 - 2024 | Monthly | % | CEIC Data

Key information about Italy M2 Growth

  • Italy Money Supply M2 dropped 2.2 % YoY in Jan 2024, compared with a drop of -2.7 % in the previous month
  • Italy Money Supply M2 growth data is updated monthly, available from Dec 1975 to Jan 2024
  • The data reached an all-time high of 25.9 % in Feb 1976 and a record low of -5.7 % in Jul 2023

CEIC calculates M2 Growth Rate from monthly M2. The Bank of Italy provides M2 in EUR. Italy is part of the Euro Area and the reported figure corresponds to its contribution to the Euro money supply. Since September 1997, data is not fully comparable with data of previous periods as 'Resident' refers to the residents of Italy and of other euro area member states (before that Italy only). M2 Growth Rate prior to September 1998 is calculated from M2 in local currency.


Further information about Italy M2 Growth

  • In the latest reports, Italy Foreign Exchange Reserves was measured at 49.0 USD bn in Feb 2024
  • The Foreign Exchange Reserves equaled 0.9 Months of Import in Nov 2023
  • Italy Domestic Credit reached 3,356.4 USD bn in Dec 2023, representing an drop of 4.1 % YoY
  • The country's Non Performing Loans Ratio stood at 3.0 % in Sep 2023, compared with the ratio of 3.0 % in the previous quarter
  • Household Debt of Italy reached 1,077.3 USD bn in Sep 2023, accounting for 49.3 % of the country's Nominal GDP

View Italy's M2 Growth from Dec 1975 to Jan 2024 in the chart:

Italy M2 Growth

What was Italy's M2 Growth in Jan 2024?

Italy Money Supply M2 dropped 2.2 % YoY in Jan 2024, compared with a drop of -2.7 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-2.2 Jan 2024 -2.7 Dec 2023 -5.7 Jul 2023 25.9 Feb 1976 % monthly Dec 1975 - Jan 2024

M2 Growth by Country Comparison

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Includes M2 Growth on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 4.7 Feb 2024 monthly Dec 1994 - Feb 2024
Algeria (%) 14.5 Dec 2022 monthly Jan 2002 - Dec 2022
Argentina (%) 215.4 Jan 2024 monthly Jan 1991 - Jan 2024
Armenia (%) 20.8 Nov 2023 monthly Jan 2003 - Nov 2023
Australia (%) 5.2 Feb 2024 monthly Mar 1966 - Feb 2024
Austria (%) -0.8 Feb 2024 monthly Sep 1998 - Feb 2024
Azerbaijan (%) 19.7 May 2023 monthly Dec 1996 - May 2023
Bahrain (%) 0.9 Jan 2024 monthly Dec 1975 - Jan 2024
Bangladesh (%) 8.9 Feb 2024 monthly Jun 1987 - Feb 2024
Belarus (%) 31.8 Mar 2024 monthly Dec 1990 - Mar 2024
Belgium (%) -2.6 Feb 2024 monthly Dec 1997 - Feb 2024
Bolivia (%) 7.6 Oct 2023 monthly Dec 1988 - Oct 2023
Bosnia and Herzegovina (%) 8.4 Feb 2024 monthly Aug 1998 - Feb 2024
Botswana (%) 8.6 Nov 2023 monthly Jan 2002 - Nov 2023
Brazil (%) 15.5 Feb 2024 monthly Jan 1971 - Feb 2024
Bulgaria (%) 8.8 Jan 2024 monthly Dec 1996 - Jan 2024
Cambodia (%) 14.9 Feb 2024 monthly Jan 1996 - Feb 2024
Canada (%) 3.5 Jan 2024 monthly Jan 1969 - Jan 2024
Chile (%) 6.2 Mar 2024 monthly Jan 1987 - Mar 2024
China (%) 8.3 Mar 2024 monthly Mar 1997 - Mar 2024
Colombia (%) 6.9 Mar 2024 monthly Dec 1980 - Mar 2024
Croatia (%) 3.2 Feb 2024 monthly Jun 1995 - Feb 2024
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 8.9 Jan 2024 monthly Jan 2003 - Jan 2024
Denmark (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Ecuador (%) 6.3 Feb 2024 monthly Dec 2007 - Feb 2024
Egypt (%) 16.6 Feb 2024 monthly Jan 1997 - Feb 2024
Estonia (%) 5.8 Feb 2024 monthly Jan 2012 - Feb 2024
European Union (%) -0.7 Feb 2024 monthly Jan 1981 - Feb 2024
Finland (%) -18.4 Feb 2024 monthly Jan 1981 - Feb 2024
France (%) -0.9 Feb 2024 monthly Dec 1978 - Feb 2024
Georgia (%) 29.6 Feb 2024 monthly Oct 1996 - Feb 2024
Germany (%) -0.9 Feb 2024 monthly Jan 1970 - Feb 2024
Ghana (%) 37.2 Dec 2023 quarterly Mar 1991 - Dec 2023
Greece (%) 1.3 Feb 2024 monthly Jan 2002 - Feb 2024
Hong Kong SAR, China (%) 4.0 Feb 2024 monthly Dec 1981 - Feb 2024
Hungary (%) 1.6 Feb 2024 monthly Jan 1999 - Feb 2024
Iceland (%) 10.0 Feb 2024 monthly Sep 1987 - Feb 2024
India (%) 6.5 Jan 2024 monthly Mar 1995 - Jan 2024
Indonesia (%) 5.3 Feb 2024 monthly Feb 1969 - Feb 2024
Iran (%) 25.4 Jan 2024 monthly Dec 2000 - Jan 2024
Ireland (%) 2.3 Feb 2024 monthly Jan 2000 - Feb 2024
Israel (%) -5.8 Nov 2023 monthly Apr 1982 - Nov 2023
Italy (%) -2.2 Jan 2024 monthly Dec 1975 - Jan 2024
Ivory Coast (%) 2.0 Jan 2024 monthly Jan 2005 - Jan 2024
Japan (%) 2.5 Mar 2024 monthly Jan 1968 - Mar 2024
Jordan (%) 3.9 Feb 2024 monthly Jan 1991 - Feb 2024
Kazakhstan (%) 18.8 Feb 2024 monthly Dec 1994 - Feb 2024
Kenya (%) 24.3 Dec 2023 monthly Dec 1996 - Dec 2023
South Korea (%) 3.8 Jan 2024 monthly Jan 1971 - Jan 2024
Kosovo (%) 11.7 2022 yearly 2002 - 2022
Kuwait (%) -0.6 Jan 2024 monthly Jan 1995 - Jan 2024
Kyrgyzstan (%) 11.4 Dec 2023 monthly Jan 1995 - Dec 2023
Laos (%) 33.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Latvia (%) 4.0 Jan 2024 monthly Jan 2015 - Jan 2024
Lebanon (%) -5.5 Nov 2023 monthly Dec 1980 - Nov 2023
Lithuania (%) 2.6 Feb 2024 monthly Dec 1994 - Feb 2024
Luxembourg (%) -8.3 Jan 2024 monthly Jan 2000 - Jan 2024
Macau SAR, China (%) 4.1 Feb 2024 monthly Jun 1985 - Feb 2024
North Macedonia (%) 6.3 Feb 2024 monthly Jan 2004 - Feb 2024
Malawi (%) 36.0 Jun 2023 monthly Jan 1976 - Jun 2023
Malaysia (%) 5.6 Feb 2024 monthly Dec 1970 - Feb 2024
Malta (%) 4.8 Feb 2024 monthly Jan 2009 - Feb 2024
Mauritius (%) 6.6 Feb 2024 monthly Jul 1977 - Feb 2024
Mexico (%) 12.5 Feb 2024 monthly Dec 1986 - Feb 2024
Moldova (%) 19.5 Feb 2024 monthly Jan 2001 - Feb 2024
Mongolia (%) 24.3 Feb 2024 monthly Dec 1997 - Feb 2024
Montenegro (%) 22.9 2022 yearly 2003 - 2022
Morocco (%) 6.7 Feb 2024 monthly Jan 1986 - Feb 2024
Mozambique (%) 4.4 Jan 2024 monthly Dec 2002 - Jan 2024
Myanmar (%) 10.9 Jun 2023 quarterly Dec 2002 - Jun 2023
Nepal (%) 14.0 Mar 2024 monthly Jan 2002 - Mar 2024
Netherlands (%) -2.3 Feb 2024 monthly Dec 1957 - Feb 2024
New Zealand (%) 3.3 Feb 2024 monthly Mar 1989 - Feb 2024
Nigeria (%) 77.6 Feb 2024 monthly Nov 1993 - Feb 2024
Norway (%) -0.9 Feb 2024 monthly Dec 1993 - Feb 2024
Oman (%) 14.0 Jan 2024 monthly Jan 2000 - Jan 2024
Pakistan (%) 15.3 Feb 2024 monthly Jan 1989 - Feb 2024
Palestinian Territory (%) 6.3 Feb 2024 monthly Jul 2003 - Feb 2024
Panama (%) 3.9 Dec 2023 monthly Dec 2003 - Dec 2023
Paraguay (%) 12.2 Feb 2024 monthly Dec 1989 - Feb 2024
Peru (%) 2.3 Feb 2024 monthly Jan 1993 - Feb 2024
Philippines (%) 6.5 Jan 2024 monthly Dec 1989 - Jan 2024
Poland (%) 7.4 Feb 2024 monthly Dec 1997 - Feb 2024
Portugal (%) 2.8 Feb 2024 monthly Dec 1980 - Feb 2024
Qatar (%) 6.5 Feb 2024 monthly Jan 1983 - Feb 2024
Romania (%) 10.7 Feb 2024 monthly Dec 2002 - Feb 2024
Russia (%) 18.4 Feb 2024 monthly Dec 1992 - Feb 2024
Saudi Arabia (%) 10.5 Feb 2024 monthly Jan 1994 - Feb 2024
Serbia (%) 15.2 Feb 2024 monthly Aug 2002 - Feb 2024
Singapore (%) 2.9 Feb 2024 monthly Mar 2005 - Feb 2024
Slovakia (%) 3.7 Feb 2024 monthly Dec 2001 - Feb 2024
Slovenia (%) 4.3 Feb 2024 monthly Jan 2008 - Feb 2024
South Africa (%) 5.6 Feb 2024 monthly Mar 1966 - Feb 2024
Spain (%) -0.2 Dec 2023 monthly Jan 1963 - Dec 2023
Sri Lanka (%) 8.9 Jan 2024 monthly Jan 1995 - Jan 2024
Sudan (%) 43.9 Feb 2023 monthly Dec 2004 - Feb 2023
Sweden (%) -1.5 Feb 2024 monthly Jan 1999 - Feb 2024
Switzerland (%) -10.4 Jun 2023 monthly Dec 1985 - Jun 2023

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Italy Key Series

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Includes 246 key indicators for Italy, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.2 Dec 2023 quarterly Dec 1999 - Dec 2023
Consolidated Fiscal Balance (USD mn) -32,343.010 Dec 2023 quarterly Mar 1999 - Dec 2023
Tax Revenue (USD mn) 216,421.142 Dec 2023 quarterly Mar 1999 - Dec 2023
Tax Revenue: % of GDP (%) 36.5 Dec 2023 quarterly Mar 1999 - Dec 2023
National Government Debt (USD mn) 3,092,277.3 Jan 2024 monthly Jan 1957 - Jan 2024
Government Debt: % of GDP (%) 137.3 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Government Expenditure (EUR bn) 1,156.730 2028 yearly 1988 - 2028
Forecast: Government Net Debt (EUR bn) 3,138.281 2028 yearly 1988 - 2028
Forecast: Government Revenue (EUR bn) 1,098.360 2028 yearly 1988 - 2028
General Govt Debt (EUR mn) 2,848,712.400 Jan 2024 monthly Dec 1861 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.339 2028 yearly 1980 - 2028
Trade Balance (USD mn) 7,379.7 Jan 2024 monthly Jan 1993 - Jan 2024
Total Exports (USD mn) 51,756.1 Jan 2024 monthly Jan 1991 - Jan 2024
Total Exports Growth (%) -0.2 Jan 2024 monthly Jan 1992 - Jan 2024
Aluminum: Exports (USD th) 6,046,592.734 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 34,957,695.159 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 14,113,178.257 2022 yearly 1995 - 2022
Total Imports (USD mn) 48,862.4 Jan 2024 monthly Jan 1991 - Jan 2024
Total Imports Growth (%) -13.5 Jan 2024 monthly Jan 1992 - Jan 2024
Imports: Medicament (USD th) 21,462,418.612 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 15,087,372.056 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 5,201.850 Jan 2024 monthly Jan 1960 - Jan 2024
Total Imports from USA (USD mn) 2,888.811 Jan 2024 monthly Jan 1960 - Jan 2024
Total Exports to China (USD mn) 1,370.201 Jan 2024 monthly Jan 1960 - Jan 2024
Total Imports from China (USD mn) 3,633.370 Jan 2024 monthly Jan 1960 - Jan 2024
Exports: fob: sa (EUR mn) 50,923.000 Jan 2024 monthly Jan 1993 - Jan 2024
Trade Balance: sa (EUR mn) 6,771.000 Jan 2024 monthly Jan 1993 - Jan 2024
Imports: cif: sa (EUR mn) 44,152.000 Jan 2024 monthly Jan 1993 - Jan 2024
Crude Oil Imports: Africa: Nigeria (Ton th) 1,924.000 2022 yearly 2001 - 2022
Crude Oil Imports: Former Union of Soviet Socialist Republics(FUSSR) (Ton th) 25,403.000 2022 yearly 2001 - 2022
Crude Oil Imports: OPEC (Ton th) 25,659.000 2022 yearly 2001 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,408.1 Jan 2024 monthly Jan 1988 - Jan 2024
Current Account Balance (USD mn) -1,662.6 Apr 2023 monthly Jan 1970 - Apr 2023
Current Account Balance: % of GDP (%) 0.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Direct Investment (USD mn) 7,940.2 Jan 2024 monthly Jan 1988 - Jan 2024
Foreign Direct Investment: % of GDP (%) 1.9 Mar 2023 quarterly Mar 1988 - Mar 2023
Foreign Portfolio Investment (USD mn) 2,940.559 Sep 2023 quarterly Mar 1997 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 3.3 Dec 2023 quarterly Mar 1990 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 1,329.6 Sep 2023 quarterly Mar 1997 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 1,791.157 Sep 2023 quarterly Mar 1997 - Sep 2023
External Debt (USD mn) 2,662,299.4 Sep 2023 quarterly Dec 2002 - Sep 2023
External Debt: % of GDP (%) 129.0 2022 yearly 2002 - 2022
External Debt: Short Term (USD mn) 1,130,392.4 Sep 2023 quarterly Dec 2002 - Sep 2023
External Debt: Short Term: % of GDP (%) 59.6 2022 yearly 2002 - 2022
Total Debt: % of GDP (%) 577.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Forecast: Current Account Balance (USD bn) 53.574 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 129,829.540 Sep 2023 quarterly Dec 1998 - Sep 2023
BoP: Current Account: Primary Income: Credits (EUR mn) 9,650.985 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Capital Account: Debits (EUR mn) 565.875 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Direct Investment: Assets (EUR mn) 1,291.929 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Errors & Omissions (EUR mn) 2,181.172 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Current Account: Goods: Credits (EUR mn) 44,469.636 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Portfolio Investment: Assets (EUR mn) 10,266.405 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: FA: Other Investment: Assets (EUR mn) -2,623.434 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Current Account: Services: Credits (EUR mn) 9,559.656 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Primary Income (EUR mn) -465.932 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Capital Account: Credits (EUR mn) 1,469.817 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Secondary Income: Credits (EUR mn) 1,676.910 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Financial Account (FA) (EUR mn) 1,994.293 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Financial Account: Assets (EUR mn) 20,631.512 Feb 2019 monthly Jan 1997 - Feb 2019
BoP: FA: Portfolio Investment (PI) (EUR mn) 12,742.080 Feb 2019 monthly Jan 1997 - Feb 2019
BoP: Financial Account: Liabilities (EUR mn) 22,075.088 Feb 2019 monthly Jan 1997 - Feb 2019
BoP: Current Account: Services: Debits (EUR mn) 7,794.724 Feb 2019 monthly Jan 1995 - Feb 2019
BoP: FA: Other Investment (OI) (EUR mn) -14,035.313 Feb 2019 monthly Jan 1997 - Feb 2019
BoP: Current Account: Goods: Debits (EUR mn) 42,115.494 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Debits (EUR mn) 66,448.008 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Goods (EUR mn) 2,354.142 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Other Investment: Liabilities (EUR mn) -7,517.060 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Capital Account (EUR mn) 903.942 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Reserve Assets (EUR mn) -639.291 Jan 2024 monthly Jan 1988 - Jan 2024
BoP: Current Account: Services (EUR mn) -1,573.341 Jan 2024 monthly Jan 1995 - Jan 2024
Balance of Payments (BoP): Current Account (EUR mn) -1,090.821 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Financial Derivatives (EUR mn) 1,757.020 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Current Account: Primary Income: Debits (EUR mn) 10,116.917 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Secondary Income (EUR mn) -1,405.690 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Credits (EUR mn) 65,357.187 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Secondary Income: Debits (EUR mn) 3,082.600 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Direct Investment: Liabilities (EUR mn) 7,285.289 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Direct Investment (EUR mn) -216.498 Feb 2019 monthly Jan 1995 - Feb 2019
IIP: Liabilities (EUR mn) 3,337,268.694 Sep 2023 quarterly Dec 1998 - Sep 2023
IIP: Assets (EUR mn) 3,459,934.548 Sep 2023 quarterly Dec 1998 - Sep 2023
IIP: Net Position (EUR mn) 122,665.854 Sep 2023 quarterly Dec 1998 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.8 Dec 2023 quarterly Jun 2008 - Dec 2023
Household Debt: % of GDP (%) 49.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Non-Performing Loans (USD mn) 58,172.300 Dec 2023 quarterly Jun 2008 - Dec 2023
Money Supply M1 (USD mn) 1,778,326.918 Jan 2024 monthly Dec 1974 - Jan 2024
Money Supply M2 (USD mn) 2,258,859.833 Feb 2024 monthly Dec 1974 - Feb 2024
M2 Growth (%) -2.2 Jan 2024 monthly Dec 1975 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves (USD mn) 49,741.1 Mar 2024 monthly Dec 1999 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 2.183 Dec 2023 quarterly Dec 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 1.0 Jan 2024 monthly Dec 1999 - Jan 2024
Gold Reserves (USD mn) 174,082.090 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 2,019,825.787 Dec 2023 quarterly Mar 1998 - Dec 2023
Total Deposits Growth (%) -2.8 Dec 2023 quarterly Mar 1999 - Dec 2023
Domestic Credit (USD mn) 3,280,167.3 Jan 2024 monthly Jan 1999 - Jan 2024
Domestic Credit Growth (%) -4.3 Jan 2024 monthly Jan 2000 - Jan 2024
Debt Service Ratio: Households (%) 4.600 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 10.600 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 836.686 Sep 2023 quarterly Mar 1960 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 2,206.107 Sep 2023 quarterly Mar 1960 - Sep 2023
Household Debt (USD mn) 1,077,292.4 Sep 2023 quarterly Mar 1995 - Sep 2023
Total Loans (USD mn) 2,637,091.690 Feb 2024 monthly Dec 1995 - Feb 2024
Total Loans Growth (%) -4.04 Feb 2024 monthly Dec 1996 - Feb 2024
Private Debt: % of Nominal GDP (%) 61.77 Dec 2023 quarterly Jun 1998 - Dec 2023
Money Supply M3 (EUR mn) 2,117,016.220 Feb 2024 monthly Sep 1997 - Feb 2024
Deposits (EUR mn) 1,825,913.745 Dec 2023 quarterly Mar 1998 - Dec 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -5.5 Mar 2024 monthly Jan 1986 - Mar 2024
Cyclical Coincident Indicator: Ita-Coin (%) 0.110 Mar 2024 monthly Jan 2003 - Mar 2024

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