M2 Growth Outpaces GDP Across Major Economies Since 2004, Canada Up 368% vs 159% GDP Growth

According to BlockBeats, on July 25, data shows that since January 2004, broad money supply (M2) growth in major developed economies has significantly exceeded nominal GDP growth: Canada's M2 rose 368% versus GDP growth of 159%; the U.S. saw M2 increase 279% versus GDP growth of 171%; France's M2 grew 258% versus GDP growth of 84%; the eurozone's M2 increased 211% versus GDP growth of 102%; and Japan's M2 rose 90% versus GDP growth of 25%.

The expansion has been driven by two decades of low interest rates, quantitative easing, and large-scale fiscal stimulus from 2020 to 2021, creating a sustained excess liquidity environment across global monetary systems.