Data: Money Supply (M1 & M2) in Nepal [Last 47 Years]
March 13, 2024 | Investopaper
The table below presents the data of Money Supply in Nepal including narrow money M1 and broad money M2 since the fiscal year 1974/75.
| Fiscal Year | Money Supply (Rs. In million) | Annual Growth Rate (in %) | As percentage of Nominal GDP at Producers’ Price | |||
| M1 | M2 | M1 | M2 | M1 | M2 | |
| 1974/75 | 1,337.7 | 2,064.4 | 4.4 | 8.0 | 8.1 | 12.5 |
| 1975/76 | 1,452.5 | 2,524.0 | 8.6 | 22.3 | 8.4 | 14.5 |
| 1976/77 | 1,852.9 | 3,223.0 | 27.6 | 27.7 | 10.7 | 18.7 |
| 1977/78 | 2,060.6 | 3,772.1 | 11.2 | 17.0 | 10.4 | 19.1 |
| 1978/79 | 2,504.9 | 4,511.4 | 21.6 | 19.6 | 11.3 | 20.3 |
| 1979/80 | 2,830.4 | 5,285.3 | 13.0 | 17.2 | 12.1 | 22.6 |
| 1980/81 | 3,207.8 | 6,307.7 | 13.3 | 19.3 | 11.7 | 23.1 |
| 1981/82 | 3,611.5 | 7,458.0 | 12.6 | 18.2 | 11.7 | 24.1 |
| 1982/83 | 4,348.9 | 9,222.4 | 20.4 | 23.7 | 12.9 | 27.3 |
| 1983/84 | 4,931.5 | 10,455.2 | 13.4 | 13.4 | 12.5 | 26.5 |
| 1984/85 | 5,480.0 | 12,296.6 | 11.1 | 17.6 | 11.8 | 26.4 |
| 1985/86 | 7,029.3 | 15,159.0 | 28.3 | 23.3 | 12.6 | 27.2 |
| 1986/87 | 8,120.2 | 17,498.2 | 15.5 | 15.4 | 12.7 | 27.4 |
| 1987/88 | 9,596.6 | 21,422.6 | 18.2 | 22.4 | 12.5 | 27.9 |
| 1988/89 | 11,775.4 | 26,605.1 | 22.7 | 24.2 | 13.2 | 29.8 |
| 1989/90 | 14,223.0 | 31,552.4 | 20.8 | 18.6 | 13.8 | 30.5 |
| 1990/91 | 16,283.6 | 37,712.5 | 14.5 | 19.5 | 13.5 | 31.3 |
| 1991/92 | 19,457.7 | 45,670.5 | 19.5 | 21.1 | 13.0 | 30.6 |
| 1992/93 | 23,833.0 | 58,322.5 | 22.5 | 27.7 | 13.9 | 34.0 |
| 1993/94 | 28,510.4 | 69,777.1 | 19.6 | 19.6 | 14.3 | 35.0 |
| 1994/95 | 32,985.4 | 80,984.7 | 15.7 | 16.1 | 15.0 | 36.9 |
| 1995/96 | 36,498.0 | 92,652.2 | 10.6 | 14.4 | 14.7 | 37.2 |
| 1996/97 | 38,460.3 | 103,720.6 | 5.4 | 11.9 | 16.1 | 45.1 |
| 1997/98 | 45,163.8 | 126,462.6 | 17.4 | 21.9 | 17.0 | 50.8 |
| 1998/99 | 51,062.5 | 152,800.2 | 13.1 | 20.8 | 17.8 | 54.4 |
| 1999/00 | 60,979.7 | 186,120.8 | 19.4 | 21.8 | 18.6 | 56.5 |
| 2000/01 | 70,577.0 | 214,454.2 | 15.7 | 15.2 | 17.5 | 50.7 |
| 2001/02 | 77,156.2 | 223,988.3 | 9.3 | 4.4 | 18.2 | 53.5 |
| 2002/03 | 83,754.1 | 245,911.2 | 8.6 | 9.8 | 19.1 | 56.3 |
| 2003/04 | 93,969.7 | 277,306.1 | 12.2 | 12.8 | 18.7 | 56.0 |
| 2004/05 | 100,205.8 | 300,440.0 | 6.6 | 8.3 | 19.2 | 58.8 |
| 2005/06 | 113,060.8 | 346,824.1 | 12.8 | 15.4 | 19.4 | 60.5 |
| 2006/07 | 126,888.0 | 395,518.2 | 12.2 | 14.0 | 21.2 | 68.1 |
| 2007/08 | 154,343.9 | 495,377.1 | 21.6 | 25.2 | 24.1 | 77.3 |
| 2008/09 | 196,459.4 | 630,521.2 | 27.3 | 27.3 | 22.1 | 72.8 |
| 2009/10 | 218,159.0 | 719,599.1 | 11.0 | 14.1 | 18.6 | 77.2 |
| 2010/11 | 222,351.3 | 921,320.1 | 1.9 | 28.0 | 14.3 | 59.1 |
| 2011/12 | 263,705.7 | 1,130,302.3 | 18.6 | 22.7 | 15.0 | 64.3 |
| 2012/13 | 301,590.2 | 1,315,376.3 | 14.4 | 16.4 | 15.5 | 67.5 |
| 2013/14 | 354,830.0 | 1,565,967.2 | 17.7 | 19.1 | 15.9 | 70.1 |
| 2014/15 | 424,744.6 | 1,877,801.5 | 19.7 | 19.9 | 17.5 | 77.5 |
| 2015/16 | 503,287.1 | 2,244,578.6 | 18.5 | 19.5 | 19.3 | 86.1 |
| 2016/17 | 569,402.4 | 2,591,702.0 | 13.1 | 15.5 | 18.5 | 84.2 |
| 2017/18 | 669,394.9 | 3,094,466.6 | 17.6 | 19.4 | 19.4 | 89.5 |
| 2018/19 | 726,642.8 | 3,582,137.6 | 8.6 | 15.8 | 18.8 | 92.8 |
| 2019/20 | 856,260.8 | 4,230,969.8 | 17.8 | 18.1 | 22.0 | 108.8 |
| 2020/21 | 1,049,410.2 | 5,154,853.2 | 22.6 | 21.8 | 24.1 | 118.4 |
| 2021/22 | 948,113.4 | 5,505,400.8 | -9.7 | 6.8 | 19.2 | 111.6 |
| 2022/23 | 946,982.4 | 6,130,483.4 | -0.1 | 11.4 | 17.6 | 113.9 |
Source: Nepal Rastra Bank
