Of the major advanced economies, the United States has recently overtaken the United Kingdom to have the highest growth in money supply with a value of 153.01 in August 2020 using the M3 index of broad money (2015 = 100). This compares to 134.49 for the United Kingdom - although up until March 2019 money growth in the United Kingdom outpaced money growth in the United States.
Broad money is the most inclusive method of calculating the money supply within a given economy.
Broad money index (M3) in major advanced economies between January 2018 and August 2020
Broad money (M3) includes currency, deposits with an agreed maturity of up to two years, deposits redeemable at notice of up to three months and repurchase agreements, money market fund shares/units and debt securities up to two years. M3 is measured as a seasonally adjusted index based on 2015=100.
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OECD. (October 23, 2020). Broad money index (M3) in major advanced economies between January 2018 and August 2020 [Graph]. In Statista. Retrieved June 27, 2022, from https://www.statista.com/statistics/1039544/broad-money-index-m3-major-advanced-economies/
OECD. "Broad money index (M3) in major advanced economies between January 2018 and August 2020." Chart. October 23, 2020. Statista. Accessed June 27, 2022. https://www.statista.com/statistics/1039544/broad-money-index-m3-major-advanced-economies/
OECD. (2020). Broad money index (M3) in major advanced economies between January 2018 and August 2020. Statista. Statista Inc.. Accessed: June 27, 2022. https://www.statista.com/statistics/1039544/broad-money-index-m3-major-advanced-economies/
OECD. "Broad Money Index (M3) in Major Advanced Economies between January 2018 and August 2020." Statista, Statista Inc., 23 Oct 2020, https://www.statista.com/statistics/1039544/broad-money-index-m3-major-advanced-economies/
OECD, Broad money index (M3) in major advanced economies between January 2018 and August 2020 Statista, https://www.statista.com/statistics/1039544/broad-money-index-m3-major-advanced-economies/ (last visited June 27, 2022)