Value of money supply M1 in euro area 2001-2021

M1, called the "narrow money", includes currency in circulation (banknotes and coins) and overnight deposits. It depicts the value of the most liquid components of the money supply. In the Eurozone, the value of money supply M1 amounted to over 11.3 trillion euros as of December 2021.

M2 Money supply

M2 is the calculation of money supply that includes cash, checking deposits and convertible near money. Considered broad money, the money supply M2 includes M1. The measurement is used as a factor in forecasting inflation and interest rates and is used by central banks in creating and regulating policies. At the end of 2021, the value of M2 money supply in the euro area amounted to approximately 14.7 trillion euros.

M3 Money supply

M3, called the "broad money" is the sum of M1 (currency in circulation and overnight deposits), M2 (M1 plus deposits with maturity of maximum two years and deposits redeemable at notice of maximum three months) and marketable instruments issued by Monetary Financial Institutions such as repurchase instruments or money market fund units. The value of money supply M3 in the euro area was valued at 15.5 trillion euros as of December 2021.