Free indicator · updated daily
Global Liquidity Index
Our free weekly index of the money and credit available to the financial system: the balance sheets of the 5 biggest central banks plus the government debt of the G7 and China, in US dollars.
Recent readings
| Week to | Index (US$ tn) | Change on the week |
|---|---|---|
| 2 Nov 2026 | 194.85 | +231bn (+0.12%) |
| 30 Oct 2026 | 194.62 | +238bn (+0.12%) |
| 23 Oct 2026 | 194.39 | +222bn (+0.11%) |
| 16 Oct 2026 | 194.16 | +93bn (+0.05%) |
| 9 Oct 2026 | 194.07 | −142bn (−0.07%) |
| 2 Oct 2026 | 194.21 | −236bn (−0.12%) |
| 25 Sep 2026 | 194.45 | −148bn (−0.08%) |
| 18 Sep 2026 | 194.60 | −10bn (−<0.01%) |
Weekly values in US$ trillions, each the week to Friday (the latest week runs to its newest data). Download the full weekly history (CSV).
What’s in it now
| Input | What | US$ tn | Data to |
|---|---|---|---|
| Federal Reserve | Balance sheet minus the Treasury account and reverse repos | 5.40 | 28 Oct 2026 |
| European Central Bank | Banknotes, current accounts and the deposit facility | 4.37 | 23 Oct 2026 |
| Bank of Japan | Monetary base | 3.38 | 30 Sep 2026 |
| People’s Bank of China | Total assets | 7.45 | 30 Jun 2026 |
| Bank of England | Total assets | 1.08 | 31 Jul 2026 |
| Central banks | Total of the five | 21.68 | |
| Government debt | G7 and China debt securities (US$ tn: US 35.4, China 16.6, Japan 8.1, UK 3.8, France 3.6, Italy 3.1, Germany 2.8, Canada 2.2) | 75.58 | 31 Mar 2026 |
The index is a weighted total of these inputs, so it isn’t their plain sum. How the index is built.
What it measures
Global liquidity is the pool of money and credit moving through the financial system. It grows when central banks expand their balance sheets and when governments issue more of the debt that banks and funds use as collateral to borrow. Our index adds up the 5 biggest central banks (the Federal Reserve, the European Central Bank, the Bank of Japan, the People’s Bank of China and the Bank of England) and the government debt of the G7 and China, all in US dollars.
Why investors watch it
Over long periods, prices of assets such as equities, Bitcoin and gold have tended to rise when global liquidity is growing and struggle when it shrinks. The link is loose, can lag by weeks or months, and is not a forecast. That’s why the Pro dashboard puts liquidity next to the Nasdaq 100, Bitcoin and gold with a lead/lag slider, so you can see how the relationship has held in any period.
How often it updates
Every day. The index is rebuilt at least every 6 hours and whenever an input changes: the Fed and the ECB publish weekly, the Bank of Japan monthly, and the PBoC and Bank of England figures arrive quarterly. One point per week since January 2011, smoothed over 4 weeks.
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Free to use on your site or newsletter with a link back. More data and the API.
Questions
What is the Global Liquidity Index now?
As of 2 November 2026, the Global Liquidity Index is US$194.85 trillion: up 0.12% (US$231 billion) on the week and up 5.1% on a year earlier.
What is global liquidity?
The pool of money and credit moving through the financial system. It grows when central banks expand their balance sheets and when governments issue more of the debt that banks and funds use as collateral to borrow.
Is global liquidity rising or falling?
Over the last 4 weeks the index is up 0.40%, and over the last year it is up 5.1%. Pro members also get an email when its 13-week momentum turns.
How is the Global Liquidity Index calculated?
From public data only: the balance sheets of the Fed, the ECB, the Bank of Japan, the PBoC and the Bank of England, plus G7 and China government debt securities, converted to US dollars, combined with fixed weights and smoothed over 4 weeks. See how it’s built.
How often is it updated?
Every day: it’s rebuilt at least every 6 hours and whenever one of its inputs is published. It has one point per week since January 2011.
Is it free?
Yes, with no account. Pro adds the charts behind it, from central bank balance sheets to credit spreads, a weekly note on what it means and momentum alerts, free for 10 days.
Is it an official statistic?
No. It’s Liquidity Dashboard’s own estimate built from public data, not affiliated with any data provider. Recent weeks can be revised when late data arrives.
The index is free. Pro adds the 104 charts behind it, a weekly note on what it means, and an email when its momentum turns. Free for 10 days.
Open the dashboard Start free trialGeneral information only, not financial advice. Data can be delayed, revised or wrong. Sources and credits.