Annual currency in circulation (CIC) to GDP ratio of France 2001-2022
France's money market made up slightly more than 11 percent of GDP in the country in 2022, a slight decrease when compared to earlier years. This so-called CIC/GDP ratio roughly measures the use of cash in the country. Due to the anonymity of cash transactions, sources struggle to find exact volumes on this. The ratio mentioned here is quite popular in that regard, as the data it needs is relatively easy to find. Some industry experts mention, however, that this ratio is too general and does not necessarily reflect retail payments.
