Nigeria vs Rwanda: Broad money
Broad money over time
- Nigeria
- Rwanda
How they compare
Rwanda currently reports 26.1% against 25.1% in Nigeria, a difference of 1.0%.
The two have swapped places 12 times across 60 shared years of data; in 1964 it was Rwanda ahead.
Nigeria ranks 152nd and Rwanda ranks 151st of 167 countries.
Across the 7 decades both report, Nigeria averaged higher in 3 and Rwanda in 4.
Head to head by decade
| Decade | Nigeria | Rwanda | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 12.3% | 13.2% | 0.9% | Rwanda |
| 1970s | 16.0% | 14.0% | 2.0% | Nigeria |
| 1980s | 13.4% | 14.3% | 0.9% | Rwanda |
| 1990s | 12.3% | 15.8% | 3.5% | Rwanda |
| 2000s | 16.0% | 14.7% | 1.3% | Nigeria |
| 2010s | 23.4% | 19.2% | 4.1% | Nigeria |
| 2020s | 20.1% | 25.1% | 4.9% | Rwanda |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher broad money, Nigeria or Rwanda?
- Rwanda, at 26.1% against 25.1% in Nigeria as of 2024.
- What is the difference in broad money between Nigeria and Rwanda?
- 1.0%, with Rwanda ahead.
- How many years of comparable data are there for Nigeria and Rwanda?
- 60 years are reported by both, from 1964 to 2023.
- How do Nigeria and Rwanda rank globally for broad money?
- Nigeria ranks 152nd and Rwanda ranks 151st of 167 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Broad money (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.