Nigeria vs Venezuela: Claims on private sector (annual growth as % of broad money)
Claims on private sector (annual growth as % of broad money) over time
- Nigeria
- Venezuela
How they compare
Venezuela currently reports 34.4% against 29.2% in Nigeria, a difference of 5.2%.
That makes Venezuela's figure about 1.2 times Nigeria's.
The two have swapped places 15 times across 53 shared years of data; in 1961 it was Nigeria ahead.
Nigeria ranks 9th and Venezuela ranks 7th of 167 countries.
Across the 6 decades both report, Nigeria averaged higher in 3 and Venezuela in 3.
Head to head by decade
| Decade | Nigeria | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 6.6% | 5.8% | 0.8% | Nigeria |
| 1970s | 13.5% | 16.6% | 3.1% | Venezuela |
| 1980s | 8.6% | 13.4% | 4.8% | Venezuela |
| 1990s | 19.4% | 18.3% | 1.1% | Nigeria |
| 2000s | 24.2% | 21.0% | 3.2% | Nigeria |
| 2010s | 0.0% | 24.5% | 24.5% | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher claims on private sector, Nigeria or Venezuela?
- Venezuela, at 34.4% against 29.2% in Nigeria as of 2013.
- What is the difference in claims on private sector between Nigeria and Venezuela?
- 5.2%, with Venezuela ahead.
- How many years of comparable data are there for Nigeria and Venezuela?
- 53 years are reported by both, from 1961 to 2013.
- How do Nigeria and Venezuela rank globally for claims on private sector?
- Nigeria ranks 9th and Venezuela ranks 7th 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.