Armenia vs Nigeria: Deposit interest rate
Armenia
8.0%
in 2025
Nigeria
7.8%
in 2023
Armenia rank
26th
Nigeria rank
28th
Deposit interest rate over time
- Armenia
- Nigeria
How they compare
Armenia currently reports 8.0% against 7.8% in Nigeria, a difference of 0.2%.
The two have swapped places 4 times across 29 shared years of data; in 1995 it was Armenia ahead.
Armenia ranks 26th and Nigeria ranks 28th of 152 countries.
Across the 4 decades both report, Armenia averaged higher in 3 and Nigeria in 1.
Head to head by decade
| Decade | Armenia | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 33.3% | 11.3% | 22.0% | Armenia |
| 2000s | 8.8% | 12.7% | 3.9% | Nigeria |
| 2010s | 10.0% | 8.3% | 1.8% | Armenia |
| 2020s | 8.3% | 5.7% | 2.6% | Armenia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher deposit interest rate, Armenia or Nigeria?
- Armenia, at 8.0% against 7.8% in Nigeria as of 2025.
- What is the difference in deposit interest rate between Armenia and Nigeria?
- 0.2%, with Armenia ahead.
- How many years of comparable data are there for Armenia and Nigeria?
- 29 years are reported by both, from 1995 to 2023.
- How do Armenia and Nigeria rank globally for deposit interest rate?
- Armenia ranks 26th and Nigeria ranks 28th of 152 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Deposit interest rate (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.