Velocity of M2
1.41
· Apr 2026
econ
scout
1960-61 Recession · Apr 1960 – Feb 1961
1969-70 Recession · Dec 1969 – Nov 1970
1973-75 Recession · Nov 1973 – Mar 1975
1980 Recession · Jan 1980 – Jul 1980
1981-82 Recession · Jul 1981 – Nov 1982
1990-91 Recession · Jul 1990 – Mar 1991
2001 Recession · Mar 2001 – Nov 2001
Global Financial Crisis · Dec 2007 – Jun 2009
COVID-19 Recession · Feb 2020 – Apr 2020
1.20
1.40
1.60
1.80
2.00
1960
1970
1980
1990
2000
2010
2020
1.41
Velocity of M2 — one value per year; US recessions are shaded on the chart.
Year
Velocity of M2
1959
1.78
1960
1.74
1961
1.74
1962
1.70
1963
1.67
1964
1.65
1965
1.69
1966
1.74
1967
1.69
1968
1.72
1969
1.77
1970
1.75
1971
1.69
1972
1.67
1973
1.74
1974
1.78
1975
1.75
1976
1.70
1977
1.72
1978
1.82
1979
1.86
1980
1.87
1981
1.89
1982
1.80
1983
1.80
1984
1.82
1985
1.79
1986
1.72
1987
1.78
1988
1.81
1989
1.83
1990
1.84
1991
1.86
1992
1.95
1993
2.02
1994
2.14
1995
2.15
1996
2.18
1997
2.18
1998
2.14
1999
2.15
2000
2.13
2001
1.98
2002
1.92
2003
1.94
2004
1.96
2005
2.00
2006
1.99
2007
1.97
2008
1.81
2009
1.72
2010
1.74
2011
1.64
2012
1.58
2013
1.56
2014
1.54
2015
1.50
2016
1.45
2017
1.45
2018
1.46
2019
1.44
2020
1.17
2021
1.16
2022
1.25
2023
1.37
2024
1.39
2025
1.41
2026
1.41
Source: FRED · M2V · econscout.com