Pakistan M2 Growth

1989 - 2025 | Monthly | % | CEIC Data

Key information about Pakistan M2 Growth

  • Pakistan Money Supply M2 increased 14.4 % YoY in Nov 2025, compared with a growth of 13.5 % in the previous month
  • Pakistan Money Supply M2 growth data is updated monthly, available from Jan 1989 to Nov 2025
  • The data reached an all-time high of 60.8 % in Sep 1994 and a record low of -16.8 % in Sep 1993

CEIC calculates M2 Growth Rate from monthly M2. The State Bank of Pakistan provides M2 in local currency

View Pakistan's M2 Growth from Jan 1989 to Nov 2025 in the chart:

Pakistan M2 Growth

What was Pakistan's M2 Growth in Nov 2025?

Pakistan Money Supply M2 increased 14.4 % YoY in Nov 2025, compared with a growth of 13.5 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
14.4 Nov 2025 13.5 Oct 2025 -16.8 Sep 1993 60.8 Sep 1994 % monthly Jan 1989 - Nov 2025

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 13.4 Dec 2025 monthly Dec 1994 - Dec 2025
Algeria (%) 9.0 Dec 2024 monthly Jan 2002 - Dec 2024
Argentina (%) 36.9 Dec 2025 monthly Jan 1991 - Dec 2025
Armenia (%) 22.0 Dec 2025 monthly Jan 2003 - Dec 2025
Australia (%) 7.1 Dec 2025 monthly Mar 1966 - Dec 2025
Austria (%) 2.4 Dec 2025 monthly Sep 1998 - Dec 2025
Azerbaijan (%) 6.9 Oct 2025 monthly Dec 1996 - Oct 2025
Bahrain (%) 3.8 Dec 2025 monthly Dec 1975 - Dec 2025
Bangladesh (%) 9.6 Dec 2025 monthly Jun 1987 - Dec 2025
Belarus (%) 25.1 Dec 2025 monthly Dec 1990 - Dec 2025
Belgium (%) 2.7 Nov 2025 monthly Dec 1997 - Nov 2025
Bolivia (%) 17.6 Dec 2025 monthly Dec 1988 - Dec 2025
Bosnia and Herzegovina (%) 9.7 Dec 2025 monthly Aug 1998 - Dec 2025
Botswana (%) -3.0 Oct 2025 monthly Jan 2002 - Oct 2025
Brazil (%) 10.2 Dec 2025 monthly Jan 1971 - Dec 2025
Bulgaria (%) 6.6 Dec 2025 monthly Dec 1996 - Dec 2025
Cambodia (%) 12.9 Dec 2025 monthly Jan 1996 - Dec 2025
Canada (%) 5.0 Nov 2025 monthly Jan 1969 - Nov 2025
Chile (%) 3.9 Jan 2026 monthly Jan 1987 - Jan 2026
China (%) 9.0 Jan 2026 monthly Mar 1997 - Jan 2026
Colombia (%) 12.5 Jan 2026 monthly Dec 1980 - Jan 2026
Croatia (%) 6.6 Dec 2025 monthly Jun 1995 - Dec 2025
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 2.7 Nov 2025 monthly Jan 2003 - Nov 2025
Denmark (%) 3.5 Dec 2025 monthly Jan 1992 - Dec 2025
Ecuador (%) 13.9 Nov 2025 monthly Dec 2007 - Nov 2025
Egypt (%) 20.6 Dec 2025 monthly Jan 1997 - Dec 2025
Estonia (%) 4.6 Dec 2025 monthly Jan 2012 - Dec 2025
European Union (%) 3.0 Dec 2025 monthly Jan 1981 - Dec 2025
Finland (%) 3.1 Nov 2025 monthly Jan 1981 - Nov 2025
France (%) 1.1 Dec 2025 monthly Dec 1978 - Dec 2025
Georgia (%) 25.5 Dec 2025 monthly Oct 1996 - Dec 2025
Germany (%) 3.4 Dec 2025 monthly Jan 1970 - Dec 2025
Ghana (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Greece (%) 4.7 Dec 2025 monthly Jan 2002 - Dec 2025
Hong Kong SAR, China (%) 11.6 Dec 2025 monthly Dec 1981 - Dec 2025
Hungary (%) 5.1 Dec 2025 monthly Jan 1999 - Dec 2025
Iceland (%) 5.0 Dec 2025 monthly Sep 1987 - Dec 2025
India (%) 12.4 Nov 2025 monthly Mar 1995 - Nov 2025
Indonesia (%) 9.6 Dec 2025 monthly Feb 1969 - Dec 2025
Iran (%) 32.4 Jun 2025 monthly Dec 2000 - Jun 2025
Ireland (%) 5.4 Dec 2025 monthly Jan 2000 - Dec 2025
Israel (%) 5.4 Oct 2025 monthly Apr 1982 - Oct 2025
Italy (%) 2.5 Dec 2025 monthly Dec 1975 - Dec 2025
Ivory Coast (%) 22.8 Nov 2025 monthly Jan 2005 - Nov 2025
Japan (%) 1.6 Jan 2026 monthly Jan 1968 - Jan 2026
Jordan (%) 5.4 Dec 2025 monthly Jan 1991 - Dec 2025
Kazakhstan (%) 16.7 Dec 2025 monthly Dec 1994 - Dec 2025
Kenya (%) 10.7 Nov 2025 monthly Dec 1996 - Nov 2025
South Korea (%) 5.4 Dec 2025 monthly Jan 1971 - Dec 2025
Kosovo (%) 12.4 2024 yearly 2002 - 2024
Kuwait (%) 3.6 Dec 2025 monthly Jan 1995 - Dec 2025
Kyrgyzstan (%) 57.7 Nov 2025 monthly Jan 1995 - Nov 2025
Laos (%) 19.1 Dec 2025 quarterly Dec 2000 - Dec 2025
Latvia (%) 6.9 Dec 2025 monthly Jan 2015 - Dec 2025
Lebanon (%) 34.4 Nov 2025 monthly Dec 1980 - Nov 2025
Lithuania (%) 6.2 Nov 2025 monthly Dec 1994 - Nov 2025
Luxembourg (%) 4.1 Dec 2025 monthly Jan 2000 - Dec 2025
Macau SAR, China (%) 7.5 Dec 2025 monthly Jun 1985 - Dec 2025
North Macedonia (%) 11.2 Dec 2025 monthly Jan 2004 - Dec 2025
Malawi (%) 51.0 Sep 2025 monthly Jan 1976 - Sep 2025
Malaysia (%) 4.2 Dec 2025 monthly Dec 1970 - Dec 2025
Malta (%) 3.9 Nov 2025 monthly Jan 2009 - Nov 2025
Mauritius (%) 8.5 Dec 2025 monthly Jul 1977 - Dec 2025
Mexico (%) 6.8 Dec 2025 monthly Dec 1986 - Dec 2025
Moldova (%) 14.6 Dec 2025 monthly Jan 2001 - Dec 2025
Mongolia (%) 8.8 Dec 2025 monthly Dec 1997 - Dec 2025
Montenegro (%) 9.9 2024 yearly 2003 - 2024
Morocco (%) 11.0 Dec 2025 monthly Jan 1986 - Dec 2025
Mozambique (%) 11.9 Oct 2025 monthly Dec 2002 - Oct 2025
Myanmar (%) 25.0 Jun 2025 quarterly Dec 2002 - Jun 2025
Nepal (%) 14.2 Jan 2026 monthly Jan 2002 - Jan 2026
Netherlands (%) 3.5 Dec 2025 monthly Dec 1957 - Dec 2025
New Zealand (%) 4.1 Dec 2025 monthly Mar 1989 - Dec 2025
Nigeria (%) 9.8 Dec 2025 monthly Apr 1991 - Dec 2025
Norway (%) 7.2 Dec 2025 monthly Dec 1993 - Dec 2025
Oman (%) 4.3 Sep 2025 monthly Jan 2000 - Sep 2025
Pakistan (%) 14.4 Nov 2025 monthly Jan 1989 - Nov 2025
Palestinian Territory (%) 15.8 Nov 2025 monthly Jul 2003 - Nov 2025
Panama (%) 8.4 Nov 2025 monthly Dec 2003 - Nov 2025
Paraguay (%) 11.6 Dec 2025 monthly Dec 1989 - Dec 2025
Peru (%) 7.5 Dec 2025 monthly Jan 1993 - Dec 2025
Philippines (%) 7.5 Dec 2025 monthly Dec 1989 - Dec 2025
Poland (%) 10.4 Dec 2025 monthly Dec 1997 - Dec 2025
Portugal (%) 6.0 Oct 2025 monthly Dec 1980 - Oct 2025
Qatar (%) 3.5 Dec 2025 monthly Jan 1983 - Dec 2025
Romania (%) 7.2 Dec 2025 monthly Dec 2002 - Dec 2025
Russia (%) 10.6 Dec 2025 monthly Dec 1992 - Dec 2025
Saudi Arabia (%) 8.7 Dec 2025 monthly Jan 1994 - Dec 2025
Serbia (%) 6.9 Dec 2025 monthly Aug 2002 - Dec 2025
Singapore (%) 6.4 Dec 2025 monthly Mar 2005 - Dec 2025
Slovakia (%) 5.5 Dec 2025 monthly Dec 2001 - Dec 2025
Slovenia (%) 7.3 Dec 2025 monthly Jan 2008 - Dec 2025
South Africa (%) 8.1 Dec 2025 monthly Mar 1966 - Dec 2025
Spain (%) 5.1 Dec 2025 monthly Jan 1963 - Dec 2025
Sri Lanka (%) 11.3 Dec 2025 monthly Jan 1995 - Dec 2025
Sudan (%) 82.3 Nov 2025 monthly Dec 2004 - Nov 2025
Sweden (%) 2.9 Dec 2025 monthly Jan 1999 - Dec 2025
Switzerland (%) 16.2 Oct 2025 monthly Dec 1985 - Oct 2025

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Pakistan Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.6 2025 yearly 2000 - 2025
Consolidated Fiscal Balance (USD mn) -22,771.776 2024 yearly 1991 - 2024
Tax Revenue (USD mn) 23,956.926 Dec 2025 quarterly Sep 2000 - Dec 2025
Tax Revenue: % of GDP (%) 10.3 2024 yearly 2001 - 2024
Government Debt: % of GDP (%) 68.3 2025 yearly 2000 - 2025
Forecast: Government Expenditure (PKR bn) 36,607.668 2030 yearly 1993 - 2030
Forecast: Government Net Debt (PKR bn) 117,452.692 2030 yearly 1994 - 2030
Forecast: Government Revenue (PKR bn) 31,090.918 2030 yearly 1980 - 2030
CG Expenditure: ytd: Current (PKR mn) 9,591,103.000 Dec 2025 quarterly Sep 2000 - Dec 2025
Consolidated Govt (CG) Expenditure: ytd (PKR mn) 10,141,670.000 Dec 2025 quarterly Sep 2000 - Dec 2025
CG Revenue: ytd: Tax (PKR mn) 6,729,353.000 Dec 2025 quarterly Sep 2000 - Dec 2025
Consolidated Govt (CG) Revenue: ytd (PKR mn) 10,683,552.000 Dec 2025 quarterly Sep 2000 - Dec 2025
Consolidated Govt Revenue: Tax: Federal: Direct Tax (PKR mn) 3,264,705.000 2024 yearly 2016 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 6.881 2030 yearly 1980 - 2030
Trade Balance (USD mn) -3,840.5 Dec 2025 monthly Jan 1968 - Dec 2025
Total Exports (USD mn) 2,268.6 Dec 2025 monthly Jan 1996 - Dec 2025
Total Exports Growth (%) -21.4 Dec 2025 monthly Dec 1988 - Dec 2025
Aluminum: Exports (USD th) 58,779.396 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 416,145.994 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 6,363.995 2024 yearly 1995 - 2024
Total Imports (USD mn) 6,109.1 Dec 2025 monthly Jan 1996 - Dec 2025
Total Imports Growth (%) 15.1 Dec 2025 monthly Dec 1988 - Dec 2025
Imports: Medicament (USD th) 407,131.495 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 640,419.546 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 520.934 May 2024 monthly Jan 1969 - May 2024
Total Imports from USA (USD mn) 278.424 Nov 2025 monthly Jan 2006 - Nov 2025
Total Exports to China (USD mn) 233.092 Dec 2025 monthly Jan 2006 - Dec 2025
Total Imports from China (USD mn) 1,324.502 Nov 2025 monthly Jan 2006 - Nov 2025
Exports: Petroleum & Coal (PKR mn) 15,048.203 Dec 2025 monthly Sep 1999 - Dec 2025
Trade Balance: USD (USD mn) -3,192.00 Jul 2018 monthly Jan 1996 - Jul 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 36.0 Dec 2025 quarterly Sep 2002 - Dec 2025
Current Account Balance (USD mn) -437.0 Dec 2025 quarterly Mar 1976 - Dec 2025
Current Account Balance: % of GDP (%) 0.5 2025 yearly 1977 - 2025
Foreign Direct Investment (USD mn) -134.7 Dec 2025 monthly Jul 1997 - Dec 2025
Foreign Direct Investment: % of GDP (%) 0.6 2025 yearly 1977 - 2025
Foreign Portfolio Investment (USD mn) 32.000 Dec 2025 quarterly Sep 2002 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) -0.1 2024 yearly 2003 - 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -104.0 Dec 2025 quarterly Sep 2002 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 136.000 Dec 2025 quarterly Sep 2002 - Dec 2025
External Debt (USD mn) 138,011.5 Dec 2025 quarterly Jun 2006 - Dec 2025
External Debt: % of GDP (%) 33.4 2025 yearly 2000 - 2025
External Debt: Short Term (USD mn) 2,532.4 Dec 2025 quarterly Jun 2006 - Dec 2025
External Debt: Short Term: % of GDP (%) 0.8 2025 yearly 2006 - 2025
Forecast: Current Account Balance (USD bn) 2.113 2025 yearly 1980 - 2025
Net International Investment Position (USD mn) -132,930.763 Sep 2025 quarterly Mar 2009 - Sep 2025
BoP: FA: Other Investment (OI): Liabilities (USD mn) 1,773.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Dr: CA: GS: Goods (USD mn) 15,836.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Other Investment (OI) (USD mn) -1,523.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: CA: Secondary Income (USD mn) 10,898.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Financial Account (FA) (USD mn) -318.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Other Investment (OI): Assets (USD mn) 250.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: CA: GS: Services (USD mn) -776.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Debit: Current Account (CA) (USD mn) 21,942.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Dr: Capital Account (CP) (USD mn) 0.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Capital Account (CP) (USD mn) 38.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Dr: CA: Secondary Income (USD mn) 120.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Financial Derivatives & Employee Stock Options (USD mn) -1.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Cr: CA: Primary Income (PI) (USD mn) 274.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Portfolio Investment: Liabilities (USD mn) 32.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Direct Investment (USD mn) -188.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Direct Investment: Assets (USD mn) 36.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Financial Account (FA): Assets (USD mn) 2,093.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Cr: CA: GS: Services (USD mn) 2,553.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Portfolio Investment (USD mn) -38.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Reserve Assets (RA) (USD mn) 1,797.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Credit: Current Account (CA) (USD mn) 21,505.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Errors and Omissions (USD mn) 355.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Financial Account (FA): Liabilities (USD mn) 2,053.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Cr: CA: GS: Goods (USD mn) 7,660.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: CA: Primary Income (PI) (USD mn) -2,383.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: FA: Portfolio Investment: Assets (USD mn) -6.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Cr: Capital Account (CP) (USD mn) 38.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: CA: GS: Goods (USD mn) -8,176.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Dr: CA: Primary Income (PI) (USD mn) 2,657.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Dr: CA: GS: Services (USD mn) 3,329.000 Dec 2025 quarterly Sep 2002 - Dec 2025
BoP: Cr: CA: Secondary Income (USD mn) 11,018.000 Dec 2025 quarterly Sep 2002 - Dec 2025
Workers' Remittances (USD mn) 3,464.527 Jan 2026 monthly Jul 1972 - Jan 2026
IIP: Assets (USD mn) 24,765.385 2023 yearly 2014 - 2023
IIP: Liabilities (USD mn) 154,703.192 2023 yearly 2014 - 2023
International Investment Position (IIP): Net (USD mn) -129,937.808 2023 yearly 2014 - 2023
External Debt: Public (USD mn) 98,330.884 Dec 2024 quarterly Jun 2006 - Dec 2024
External Debt: Private Sector (USD mn) 12,183.048 Dec 2024 quarterly Jun 2006 - Dec 2024
FDI: Oil & Gas Exploration (USD mn) -8.248 Dec 2025 monthly Jul 2001 - Dec 2025
FDI: Financial Business (USD mn) 74.102 Dec 2025 monthly Jul 2001 - Dec 2025
FDI: Food (USD mn) 9.504 Dec 2025 monthly Jul 2001 - Dec 2025
FDI: Chemicals (USD mn) 0.628 Dec 2025 monthly Jul 2001 - Dec 2025
FDI: Tobacco & Cigarettes (USD mn) 0.376 Dec 2025 monthly Jul 2001 - Dec 2025
Foreign Investment: Direct Investment: Hong Kong (USD mn) 20.453 Dec 2025 monthly Jul 2001 - Dec 2025
Foreign Investment: Direct Investment: United States (USD mn) 1.529 Dec 2025 monthly Jul 2001 - Dec 2025
Foreign Investment: Direct Investment: Switzerland (USD mn) 17.421 Dec 2025 monthly Jul 2001 - Dec 2025
Foreign Investment: Direct Investment: Italy (USD mn) 2.753 Dec 2025 monthly Jul 2011 - Dec 2025
Foreign Investment: Direct Investment: United Kingdom (USD mn) 7.878 Dec 2025 monthly Jul 2001 - Dec 2025
Foreign Investment: Direct Investment: Outflow: United Kingdom (USD mn) 18.989 Dec 2025 monthly Jul 2012 - Dec 2025
Foreign Investment: Direct Investment: Outflow: U.A.E (USD mn) 4.011 Dec 2025 monthly Jul 2012 - Dec 2025
Foreign Investment: Direct Investment: Outflow: Saudi Arabia (USD mn) 0.789 Dec 2025 monthly Jul 2012 - Dec 2025
Foreign Investment: Direct Investment: Outflow: United States (USD mn) 6.080 Dec 2025 monthly Jul 2012 - Dec 2025
Foreign Investment: Direct Investment: Outflow: China (USD mn) 13.030 Dec 2025 monthly Jul 2012 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.6 Sep 2025 quarterly Mar 2006 - Sep 2025
Non-Performing Loans (USD mn) 3,427.370 Sep 2025 quarterly Sep 2003 - Sep 2025
Money Supply M1 (USD mn) 48,010.597 Dec 2025 monthly Jan 1988 - Dec 2025
Money Supply M2 (USD mn) 144,623.592 Nov 2025 monthly Jan 1988 - Nov 2025
M2 Growth (%) 14.4 Nov 2025 monthly Jan 1989 - Nov 2025
Reserve Requirement Ratio (%) 5.0 Dec 2025 monthly Jul 2006 - Dec 2025
Foreign Exchange Reserves (USD mn) 20,742.2 Dec 2025 monthly Jan 1959 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 5.000 Dec 2025 monthly Jul 2006 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 3.4 Dec 2025 monthly Jan 1996 - Dec 2025
Gold Reserves (USD mn) 9,095.365 Dec 2025 monthly Dec 1956 - Dec 2025
Total Deposits (USD mn) 111,576.396 2024 yearly 1997 - 2024
Total Deposits Growth (%) 13.8 2024 yearly 1998 - 2024
Domestic Credit (USD mn) 186,712.5 Dec 2025 monthly Jun 2008 - Dec 2025
Domestic Credit Growth (%) 11.3 Dec 2025 monthly Jun 2009 - Dec 2025
Total Loans (USD mn) 52,366.391 Dec 2025 monthly Sep 2007 - Dec 2025
Total Loans Growth (%) -5.96 Dec 2025 monthly Sep 2008 - Dec 2025
Private Debt: % of Nominal GDP (%) 9.55 2024 yearly 2005 - 2024
Domestic Claims (PKR mn) 52,298,721.697 Dec 2025 monthly Jun 2008 - Dec 2025
Money Supply M0: Reserve Money (PKR mn) 13,447,912.233 Dec 2025 monthly Jan 1988 - Dec 2025
ORA: Foreign Currency Reserves (FCR) (USD mn) 14,539.769 Dec 2025 monthly Oct 2003 - Dec 2025
ORA: Gold Including Gold Deposits and Gold Swapped (USD mn) 2,711.52 May 2018 monthly Oct 2003 - May 2018

More Indicators for Pakistan

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