Financial systems and development
Financial systems and development
Financial systems and development
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Table 13. Money <strong>and</strong> interest rates<br />
-Monetary<br />
holdings, broadlv defined<br />
AverageNoiainestresfbnk<br />
Aeaeannal<br />
annualeanuleretae<br />
nominal growth Average outst<strong>and</strong>ing inflation(aegennlprctge<br />
rate (percent)<br />
(percentage of GDP) (GDP deflator) Deposit rate<br />
Lending rate<br />
1965-80 1980-87 1965 1980 1987 1980-87 1980 1987 1980 1987<br />
Low-incomeconomies<br />
China <strong>and</strong> India<br />
Other low-income<br />
1 Ethiopia 12.7 12.2 12.5 25.3 41.4 2.6 .. 1.00 . 6.00<br />
2 Bhutan . . 26.5 . . 8.4 ... .<br />
3 Chad 12.5 17.4 9.3 20.0 25.3 5.3 5.50 5.33 11.00 10.50<br />
4 Zaire 28.2 53.9 11.1 8.9 8.8 53.5. ..<br />
5 Bangladesh . . 21.6 . 18.6 25.2 11.1 8.25 .. 11.33<br />
6 Malawi 15.4 17.7 17.6 20.3 25.0 12.4 7.92 14.25 16.67 19.50<br />
7 Nepal 17.9 18.9 8.4 21.9 29.5 .4.00 8.50 14.00 15.00<br />
8 Lao PDR .. .. 8.1 46.5 . ..<br />
9 Mozambique .. . . .. 26.9 . ...<br />
10 Tanzania 19. 7 19.8 . 37.2 25.9 24.9 4.00 15.75 11.50 27.50<br />
U 1Burkina Faso 17.1 12.6 9.3 18.5 23.1 4.4 6.19 5.25 9.38 8.00<br />
12 Madagascar 11.9 15.4 19.6 27.6 25.7 17.4 5.63 11.50 9.50 14.50<br />
13 Mali 14.4 13.7 . 17.9 22.5 4.2 6.19 5.25 9.38 8.00<br />
14 Brunndi 15.7 10.3 10.1 13.3 15.6 7.5 2.50 5.33 12.00 12.00<br />
15 Zambia 12.7 28.9 . 32.6 30.6 28.7 7.00 13.23 9.50 21.20<br />
16 Niger 18.3 6.1 3.8 13.3 18.1 4.1i 6.19 5.25 9.38 8.00<br />
17 Ug<strong>and</strong>a 23.1 77.8 . 12.7 7.8 95.2 6.80 30.00 10.80 34.67<br />
18 China . . 25.9 . 34.9 65.5 4.2 5.40 .<br />
19 Somalia 20.4 37.2 12.7 17.9 16.1 37.8 4.50 15.31 7.50 22.00<br />
20 Togo 20.3 11.2 10.9 29.0 44.5 6.6 6.19 5.25 9.38 8.00<br />
21 India 15.3 17.0 25.7 36.2 45.4 7.7 . . 16.50 16.50<br />
22 Rwanida 19.0 10.4 15.8 13.6 16.7 4.5 6.25 6.25 13.50 13.00<br />
23 Sierra Leone 15.9 47.8 11.7 20.6 10.3 50.0 9.17 12.67 11.00 28.54<br />
24 Benini 17.3 6.8 10.6 21.1 20.4 8.2 6.19 5.25 9.38 8.00<br />
25 Central African Rep. 12.7 6.9 13.5 18.9 18.3 7.9 5.50 7.19 10.50 11.42<br />
26 Kenya 18.6 15.3 . 37.7 39.9 10.3 5.75 10.31 10.58 14.00<br />
27 Sudan 21.0 34.8 14.1 28.2 35.5 31.7 6.00 . .<br />
28 Pakistan 14.7 14.8 40.8 38.7 39.6 7.3 .. .<br />
29 Haiti 20.3 . 9.9 26.1 16.4 7.9 10.00 . .<br />
30 Lesotho . . 18.9 . . 49.3 12.3 9.60 7.00 11.00 11.13<br />
31Nigeria 28.5 10.2 9.9 21.5 26.3 10.1 5.27 13.09 8.43 13.96<br />
32 Ghana 25.9 44.2 20.3 16.2 11.7 48.3 11.50 17.58 19.00 25.50<br />
33 SriLanka 15.4 16.7 32.3 35.3 36.7 12.4 14.50 11.50 19.00 9.80<br />
34 Yemen, PDR 15.2 12.0 .. 114.8 175.2 5.0 . ...<br />
35 Maufitania 20.7 12.5 5.7 20.5 23.5 9.8 .. 6.00 .. 12.00<br />
36 Indonesia 54.4 23.9 . 13.2 26.9 8.5 6.00 16.78 .. 21.67<br />
37 Liberia .. .. . 1.5 10.30 5.88 18.40 13.63<br />
38 Afghanistan 14.0 16.2 14.4 26.8 . 9.00 9.00 13.00 13.00<br />
39 Burma 11.5 14.3 ... ... 1.50 1.50 8.00 8.00<br />
40 Guinea.. . .. ... ..<br />
41 Kampuchea, Dem. .. .. .... .<br />
42 Viet Nam . .. .. . .<br />
Middle-incomeconomies<br />
Lower-middle-inconie<br />
43 Senegal 15.6 8.7 15.3 27.0 23.5 9.1 6.19 5.25 9.38 8.00<br />
44 Bolivia 24.3 589.2 10.9 16.2 21.7 601.8 18.00 .. 28.00<br />
45 Zimbabwe . . 18.1 I 54.6 61.6 12.4 3.52 9.58 17.54 13.00<br />
46 Philippines 17.7 15.9 19.9 19.0 20.7 16.7 12.25 8.20 14.00 13.34<br />
47 Yemen Arab Rep. . . 22.0 . 61.8 73.9 11.4 9.33 9.50<br />
48 Morocco 15.8 14.4 29.4 45.4 58.0 7.3 4.88 8.50 7.00 9.00<br />
49 Egypt, Arab Rep. 17.7 22.6 35.3 52.2 93.8 9.2 7.04 . .<br />
50 Papua New Guinea .. 9.4 . 32.9 34.1 4.4 6.90 9.60 11.15 11.94<br />
51 Dominican Rep. 18.5 22.4 18.0 23.4 29.5 16.3 . ...<br />
52 C6te d'Ivoire 20.4 8.1 21.8 25.8 31.0 4.4 6.19 5.25 9.38 8 .0<br />
53 Honduras 14.6 11.3 15.4 22.8 30.5 4.9 7.00 9.62 18.50 15.54<br />
54 Nicaragua 15.0 .. 15.4 21.0 . 86.6 7.50 ..<br />
55 Thail<strong>and</strong> 17.8 18.4 23.6 37.3 64.9 2.8 12.00 9.50 18.00 15.00<br />
56 El Salvador 14.3 18.3 21.6 28.1 31.5 16.5 . ...<br />
57 Congo, People's Rep. 14.2 10.3 16.5 14.7 20.8 1.8 6.50 7.79 11.00 11.13<br />
58 Jamaica 17.2 25.6 24.3 35.6 52.7 19.4 10.29 17.50 13.00 23.00<br />
59 Guatemnala 16.3 14.1 15.2 20.5 22.9 12.7 9.00 11.00<br />
60 Cameroon 19.1 13.8 11.7 18.3 18.7 8.1 7.50 7.15 13.00 13.00<br />
61Par-aguay 21.3 18.9 12.1 19.8 16.3 21.0 . ...<br />
62 Ecuador 22.6 30.0 15.6 20.2 18.8 29.5 . ...<br />
63 Botswana .. 23.5 . 30.7 29.5 8.4 5.00 7.50 8.48 10.00<br />
64 Tunisia 17.4 1.5.5 29.2 41.1 . 8.2 2.50 5.50 7.25 10.00<br />
65 Turkey 27.4 49.8 23.0 16.7 24.5 37.4 10.95 35.40 25.67 50.00<br />
66 Colombia 26.5 . 19.8 23.7 . 23.7 . . 19.00<br />
67 Chile 137.5 . 16.3 17.6 . 20.6 37.46 26.60 47.14 38.28<br />
Note: For data comparability <strong>and</strong> coverage, see the technical notes.<br />
188<br />
Figures in italics are for years other than those specified.
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