Makrognosis

Brazil Narrow Money (M1)

MonthlyNot seasonally adjustedCode BR.M1.M.NSA

Latest (y/y)3.2%September 2026
Previous (y/y)3.7%August 2026
Level654,222,301 BRL thousandSeptember 2026

Brazil Narrow Money (M1) was up 3.2% year on year in September 2026, compared with 3.7% in August 2026.

The level stood at 654,222,301 BRL thousand.

Among the 9 economies Makrognosis covers on this measure, it is the 2nd lowest.

Over the past ten years it has ranged from −6.4% (Jul 2022) to 54.6% (Oct 2020), averaging 7.9%.

Brazil Narrow Money (M1), annual % change, Jan 2003 – Sep 2026−20%0%20%40%60%20052010201520202025Robomacro
Brazil Narrow Money (M1), annual % change, Jan 2003 – Sep 2026. Source: Banco Central do Brasil SGS (Sistema Gerenciador de Series Temporais).
Brazil Narrow Money (M1), level (BRL thousand)0M200M400M600M20052010201520202025Robomacro
Brazil Narrow Money (M1), level (BRL thousand).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
September 2026654,222,301 BRL thousand3.2
August 2026652,901,205 BRL thousand3.7
July 2026644,046,838 BRL thousand3.1
June 2026663,285,923 BRL thousand3.9
May 2026651,118,450 BRL thousand2.9
April 2026646,044,946 BRL thousand1.7
March 2026631,507,323 BRL thousand1.1
February 2026627,834,435 BRL thousand0.03
January 2026622,015,503 BRL thousand0.6
December 2025665,600,322 BRL thousand−1.7
November 2025626,881,256 BRL thousand−1.7
October 2025611,823,729 BRL thousand−2.0
September 2025633,850,899 BRL thousand−2.0
August 2025629,644,973 BRL thousand−3.0
July 2025624,936,009 BRL thousand−2.4
June 2025638,208,964 BRL thousand−1.4
May 2025633,033,849 BRL thousand−0.3
April 2025635,550,312 BRL thousand2.6
March 2025624,610,121 BRL thousand3.2
February 2025627,623,053 BRL thousand4.8
January 2025618,269,518 BRL thousand3.4
December 2024677,275,508 BRL thousand5.1
November 2024637,926,183 BRL thousand5.3
October 2024624,046,032 BRL thousand6.3

Last 24 observations. The full history (297 observations) is available through the API.

Get Brazil Narrow Money (M1) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/BR.M1.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/BR.M1.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationSeptember 2026
First observationJanuary 2002
Observations297
FrequencyMonthly
UnitsBRL thousand
AdjustmentNot seasonally adjusted
10-year high54.6% (Oct 2020)
10-year low−6.4% (Jul 2022)
10-year average7.9%
Source agencyBanco Central do Brasil SGS (Sistema Gerenciador de Series Temporais)
Makrognosis codeBR.M1.M.NSA

Narrow Money (M1): how Brazil compares

#EconomyPeriodLatest
1MexicoSep 20267.9%
2South AfricaSep 20267.2%
3CanadaAug 20267.0%
4AustraliaSep 20266.4%
5SwitzerlandSep 20266.3%
6United StatesSep 20266.2%
7South KoreaAug 20264.2%
8BrazilSep 20263.2%
9JapanOct 2026−0.4%

Narrow Money (M1) by country: all 9 economies ranked →

Other Brazil indicators

Brazil GDP (Gross Domestic Product)Brazil GDP at market prices, current BRL (IBGE SIDRA 1846 / PIB a preços de mercado)Brazil Real GDP, chained 1995 prices (IBGE SIDRA 6612, R$ million)Brazil Inflation Rate (CPI)Brazil Unemployment RateBrazil Credit Rating & Sovereign Risk ScoreBrazil Credit to non-financial private sector outstanding (BCB SGS 20539)Brazil Industrial ProductionBrazil Retail SalesBrazil Current account balance USD mn (BCB balance of payments)Brazil Trade Balance: Goods & ServicesBrazil Exports of goods FOB, USD mn (BCB BoP, SGS 22708)Brazil Imports of goods FOB, USD mn (BCB BoP, SGS 22709)Brazil Government Debt to GDPBrazil EmploymentBrazil M2 Money Stock

FAQ

What is the current narrow Money (M1) in Brazil?
The latest reading is 3.2% year on year for September 2026, published by Banco Central do Brasil SGS (Sistema Gerenciador de Series Temporais).
Where does this data come from?
It is collected directly from Banco Central do Brasil SGS (Sistema Gerenciador de Series Temporais) and is available through the Makrognosis API under the code BR.M1.M.NSA.

Last updated 2026-10-29. Source: Banco Central do Brasil SGS (Sistema Gerenciador de Series Temporais). Original title: “Brazil M1 money supply, end of period balance (BCB)”.