Armenia vs Nigeria: Claims on private sector (annual growth as % of broad money)
Claims on private sector (annual growth as % of broad money) over time
- Armenia
- Nigeria
How they compare
Nigeria currently reports 29.2% against 24.0% in Armenia, a difference of 5.2%.
That makes Nigeria's figure about 1.2 times Armenia's.
The two have swapped places 7 times across 31 shared years of data; in 1993 it was Armenia ahead.
Armenia ranks 12th and Nigeria ranks 9th of 167 countries.
Across the 4 decades both report, Armenia averaged higher in 2 and Nigeria in 2.
Head to head by decade
| Decade | Armenia | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 132.5% | 17.2% | 115.3% | Armenia |
| 2000s | 14.7% | 24.2% | 9.5% | Nigeria |
| 2010s | 20.4% | 3.0% | 17.4% | Armenia |
| 2020s | 8.6% | 13.7% | 5.1% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher claims on private sector, Armenia or Nigeria?
- Nigeria, at 29.2% against 24.0% in Armenia as of 2023.
- What is the difference in claims on private sector between Armenia and Nigeria?
- 5.2%, with Nigeria ahead.
- How many years of comparable data are there for Armenia and Nigeria?
- 31 years are reported by both, from 1993 to 2023.
- How do Armenia and Nigeria rank globally for claims on private sector?
- Armenia ranks 12th and Nigeria ranks 9th of 167 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Claims on private sector (annual growth as % of broad money). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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 represents the annual percentage growth in the ratio of claims to broad money.