8 Proven Steps to Earn $500,000 Within a Year

Money is a fundamental aspect of our daily lives, and it's hard to imagine a world without it. But have you ever wondered how much money there is in the world? In this article, we'll explore the different forms of money, and estimate the total amount of money in circulation globally.

Global Money

Different Forms of Money

Money can take many forms, including cash, coins, bank deposits, and digital currency. Cash and coins, also known as physical currency, make up a small portion of the total money supply. The majority of money exists in digital forms, such as deposits in banks and other financial institutions.

Estimating the Total Amount of Money in the World

It's challenging to estimate the total amount of money in the world, as it's constantly changing. However, one way to estimate the total money supply is to measure the M2 money supply, which includes cash, checking deposits, and near money. According to the World Bank, the global M2 money supply was approximately $90 trillion in 2020.

Another way to estimate the total amount of money in the world is to measure the Gross World Product (GWP), which is the total value of all goods and services produced globally. According to the International Monetary Fund, the GWP was approximately $87 trillion in 2019.

Conclusion

In conclusion, the total amount of money in the world is difficult to estimate, as it's constantly changing. However, estimates of the M2 money supply and GWP provide a rough idea of the scale of global money. It's important to note that while these figures are large, they represent the total amount of money in circulation globally, and not the amount of money available to individuals and businesses.