M2 Index.THE WORLD MONEY SUPPLY MONITOR UTC▮

Euro Area vs Russia

Broad money supply, growth and observation dates, side by side.

$20.02T
GROWTH/YR
▼ 4.7%
DOUBLES IN
15.2Y
RANK BY SIZE
#3
OBSERVATION 2026-09 · MONTHLY · ECB BSI M3 (U2)
$1.09T
GROWTH/YR
▲ 11.8%
DOUBLES IN
6.21Y
RANK BY SIZE
#13
OBSERVATION ▲ 2021-11 · MONTHLY · IMF MFS_MA/BM_MAI
⚠ OBSERVATION DATES DIFFER (2026-09 VS 2021-11). THE GAP MAY BE LARGER TODAY — THESE ARE NOT SIMULTANEOUS SNAPSHOTS.
BOTH SERIES, ONE GRID — USD— EURO AREA  — RUSSIA
20002026

Native-currency series are rescaled by each economy's own latest USD ratio: the shape of the line is exact, the level of older points is approximate. Use the country pages for the source figures. Crossings do not establish when one economy's money stock overtook the other at historical exchange rates.

THE DIFFERENCE

EURO AREA's money stock is 1736.1% larger than RUSSIA's — $20.02T against $1.09T. Average annual growth is 4.7% for Euro Area and 11.8% for Russia. These are nominal money stocks at each economy's stated observation date.

⚠ NOT A WEALTH RANKING

"So the bigger number is the richer country?" No. Broad money counts deposits and currency outstanding, not wealth, not output and not purchasing power. A country can have a large money stock and a poor population, and the reverse. It is also not comparable to GDP, and the two series here are measured on different dates by different agencies.

[ EURO AREA VS CHINA ][ EURO AREA VS UNITED STATES ][ EURO AREA VS JAPAN ][ EURO AREA VS UNITED KINGDOM ][ EURO AREA VS CANADA ][ FULL RANKING ]