Based on a comparison of 72 countries in 2011, Luxembourg ranked the highest in money, M2 as a share of GDP with 483% followed by Japan and Netherlands. On the other end of the scale was Iran with 8.96%, Nigeria with 19.9% and Argentina with 24.3%.
Data for more countries are available at Money, M2 (As % of GDP) indicator page.
Money, M2 (As % of GDP) | Unit | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
Austria | % | ... | ... | ... | ... | ... | 191% | 195% | 187% | 181% | ... | ... | ... | |||||||||
China | % | 149% | 174% | 177% | 175% | 181% | ||||||||||||||||
France | % | ... | ... | ... | ... | ... | 136% | 142% | 146% | 154% | ... | ... | ... | |||||||||
Germany | % | ... | ... | ... | ... | ... | 182% | 187% | 178% | 172% | ... | ... | ... | |||||||||
Ireland | % | 200% | 222% | 181% | 159% | ... | ... | ... | ||||||||||||||
Italy | % | 122% | 136% | 147% | 148% | ... | ... | ... | ||||||||||||||
Japan | % | 202% | 219% | 218% | 228% | 229% | ||||||||||||||||
Lithuania | % | 135% | 165% | 172% | 161% | ... | ... | ... | ||||||||||||||
Luxembourg | % | ... | ... | ... | ... | ... | ... | 585% | 579% | 524% | 483% | ... | ... | ... | ||||||||
Malta | % | 152% | 154% | 154% | 159% | ... | ... | ... | ||||||||||||||
Netherlands | % | ... | 185% | 206% | 210% | 217% | ... | ... | ... | |||||||||||||
Portugal | % | ... | ... | ... | ... | ... | 145% | 169% | 179% | 197% | ... | ... | ... | |||||||||
Spain | % | ... | ... | ... | ... | ... | 189% | 204% | 205% | 200% | ... | ... | ... | |||||||||
Switzerland | % | 130% | 142% | 146% | 158% | 173% | ||||||||||||||||
United Kingdom | % | 162% | 166% | 167% | 154% | 147% |