Armenia vs Nigeria: Bank Z-score

Armenia
12.32
in 2021
Nigeria
12.19
in 2021
Armenia rank
107th
Nigeria rank
108th

Bank Z-score over time

  • Armenia
  • Nigeria
0510152025200020102021

How they compare

Armenia currently reports 12.32 against 12.19 in Nigeria, a difference of 0.13.

The two have swapped places 7 times across 20 shared years of data; in 2000 it was Nigeria ahead.

Armenia ranks 107th and Nigeria ranks 108th of 169 countries.

Across the 3 decades both report, Armenia averaged higher in 1 and Nigeria in 2.

Head to head by decade

Decade Armenia Nigeria Difference Ahead
2000s 17.37 16.04 1.33 Armenia
2010s 15.01 16.36 1.35 Nigeria
2020s 12.57 12.91 0.3388 Nigeria

Averages of every year both report within each decade.

Frequently asked questions

Which has higher bank z-score, Armenia or Nigeria?
Armenia, at 12.32 against 12.19 in Nigeria as of 2021.
What is the difference in bank z-score between Armenia and Nigeria?
0.13, with Armenia ahead.
How many years of comparable data are there for Armenia and Nigeria?
20 years are reported by both, from 2000 to 2021.
How do Armenia and Nigeria rank globally for bank z-score?
Armenia ranks 107th and Nigeria ranks 108th of 169 countries.
Where does this data come from?
Bankscope, Bureau van Dijk (BvD), published as Bank Z-score. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Nigeria: Bank Z-score. Statizoid, drawing on Bankscope, Bureau van Dijk (BvD). Retrieved 18 August 2026, from https://financial-sector.statizoid.com/compare/bank-z-score/armenia/nigeria/

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About this data

Indicator
Bank Z-score
Source
Bankscope, Bureau van Dijk (BvD)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
169 places, 3,285 data points, 2000–2021
Last refreshed

It captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures Calculated from underlying bank-by-bank unconsolidated data from Bankscope.