Monetary Aggregates and Their Components: Broad Money and Components: M3 for Norway
MABMM301NOM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,121,278,000,000.00
Year-over-Year Change
0.45%
Date Range
12/1/1992 - 11/1/2023
Summary
The M3 monetary aggregate measures the broad money supply in Norway, which is a key indicator of the country's overall economic and financial conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
M3 includes currency in circulation, transferable deposits, other deposits, and marketable instruments issued by monetary financial institutions. It is a widely-used gauge of the level of liquidity in the Norwegian economy.
Methodology
The data is compiled by Norges Bank, Norway's central bank, based on reports from financial institutions.
Historical Context
M3 data is closely monitored by policymakers and analysts to assess monetary policy and financial stability.
Key Facts
- M3 includes currency, deposits, and other liquid financial assets.
- M3 is considered a broad measure of the money supply in Norway.
- Changes in M3 can signal shifts in economic and financial conditions.
FAQs
Q: What does this economic trend measure?
A: The M3 monetary aggregate measures the broad money supply in Norway, including currency, deposits, and other liquid financial assets.
Q: Why is this trend relevant for users or analysts?
A: M3 is a key indicator of overall economic and financial conditions in Norway, and is closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is compiled by Norges Bank, Norway's central bank, based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Changes in M3 are used by policymakers and analysts to assess monetary policy and financial stability in Norway.
Q: Are there update delays or limitations?
A: The M3 data is published regularly by Norges Bank, with any potential delays or limitations dependent on the reporting requirements of financial institutions.
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Citation
U.S. Federal Reserve, Monetary Aggregates and Their Components: Broad Money and Components: M3 for Norway (MABMM301NOM189S), retrieved from FRED.