Want the Vault Briefing in your inbox?

Weekly receipts letter · optional daily briefing · record-break alerts · unsubscribe anytime

← Ratios

Global Liquidity Index: $99.2T

The aggregate global broad money supply (M2) today is $99.2T. This consolidated index combines the broad money pools of the United States, Eurozone, China, and Japan (latest as of May 2026, with the US at $23.1T and China at $48.8T).

United States (M2)
$23.1T
Federal Reserve
China (M2)
$48.8T
People's Bank of China
Eurozone (M3)
$19.1T
European Central Bank
Japan (M2)
$8.3T
Bank of Japan

Global Broad Money Supply Index (M2, USD Trillions)

As of May 2026
$46T$59T$73T$86T$99T Jan '15Nov '16Sep '18Jul '20May '22Mar '24May '26

🔔 Vault Alerts

We monitor global central bank broad money expansion daily. Subscribing here alerts you the moment global M2 has a major trend shift.

Set up a free alert →

What is the Global Liquidity Index?

The Global Liquidity Index is a consolidated, real-time aggregate of the broad money supply (M2/M3) of the world's four largest currency blocks: the United States Federal Reserve, the European Central Bank, the People's Bank of China, and the Bank of Japan.

In modern macroeconomics, broad money supply expansion acts as the ultimate leading indicator for alternative, finite assets like Gold, Silver, and Bitcoin. When central banks flood the financial system with paper currency, the global pool of liquidity expands, structurally driving the price of hard physical assets higher as more fiat dollars chase a fixed supply of physical goods.

By programmatically collecting, normalising, and converting these massive money supplies into a single USD-equivalent metric daily, we bypass the paywalls and stale screenshots to give you an objective, mathematical look at the true expansion of global currency.

Data Sources & Methodology: U.S. Federal Reserve (M2SL), European Central Bank (M3), Bank of Japan (M2 JPY), and People's Bank of China (M2 CNY). Foreign currencies are converted to USD using daily currency rates ( DEXUSEU, DEXJPUS, DEXCHUS) ingested from the Federal Reserve Bank of St. Louis (FRED). All values are represented in Trillions of USD.

Frequently Asked Questions

What is the Global Liquidity Index?

The Global Liquidity Index is a consolidated, real-time aggregate of the broad money supply (M2/M3) of the world's four largest currency blocks: the United States Federal Reserve, the European Central Bank, the People's Bank of China, and the Bank of Japan, converted to USD.

Why does the broad money supply (M2) correlate with Gold and Bitcoin?

Broad money supply expansion acts as the ultimate leading indicator for alternative, finite assets. When central banks flood the financial system with paper currency, the global pool of liquidity expands, structurally driving the price of hard physical assets higher as more fiat dollars chase a fixed supply of physical goods.

How is Global M2 calculated?

The index programmatically collects the monthly broad money supply figures (M2/M3) from the Fed, ECB, BoJ, and PBoC, and converts them to USD in real-time using daily currency exchange rates (DEXUSEU, DEXJPUS, DEXCHUS) ingested from the Federal Reserve Bank of St. Louis (FRED).

Explore Adjacent Macro Dashboards

Cite this page

The Vault Report. "Global Liquidity Index: $99.2T Broad Money Supply." https://thevaultreport.com/ratios/global-liquidity (Accessed July 14, 2026).