Nigeria vs Somalia: Broad money growth
Broad money growth over time
- Nigeria
- Somalia
How they compare
Somalia currently reports 162.8% against 50.9% in Nigeria, a difference of 111.9%.
That makes Somalia's figure about 3.2 times Nigeria's.
The two have swapped places 10 times across 29 shared years of data; in 1961 it was Somalia ahead.
Nigeria ranks 6th and Somalia ranks 3rd of 167 countries.
Across the 3 decades both report, Nigeria averaged higher in 1 and Somalia in 2.
Head to head by decade
| Decade | Nigeria | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 10.7% | 14.3% | 3.6% | Somalia |
| 1970s | 33.3% | 25.1% | 8.2% | Nigeria |
| 1980s | 16.6% | 56.3% | 39.6% | Somalia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher broad money growth, Nigeria or Somalia?
- Somalia, at 162.8% against 50.9% in Nigeria as of 1989.
- What is the difference in broad money growth between Nigeria and Somalia?
- 111.9%, with Somalia ahead.
- How many years of comparable data are there for Nigeria and Somalia?
- 29 years are reported by both, from 1961 to 1989.
- How do Nigeria and Somalia rank globally for broad money growth?
- Nigeria ranks 6th and Somalia ranks 3rd of 167 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Broad money growth (annual %). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.