Libya vs Nigeria: Domestic credit to private sector (% of GDP) (Domestic International)
Domestic credit to private sector (% of GDP) (Domestic International) over time
- Libya
- Nigeria
How they compare
Nigeria currently reports 13.2% against 12.5% in Libya, a difference of 0.7%.
That makes Nigeria's figure about 1.1 times Libya's.
The two have swapped places 11 times across 64 shared years of data; in 1960 it was Libya ahead.
Libya ranks 165th and Nigeria ranks 163rd of 187 countries.
Across the 7 decades both report, Libya averaged higher in 6 and Nigeria in 1.
Head to head by decade
| Decade | Libya | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 6.1% | 6.2% | 0.1% | Nigeria |
| 1970s | 9.7% | 7.2% | 2.5% | Libya |
| 1980s | 22.3% | 6.8% | 15.5% | Libya |
| 1990s | 27.9% | 6.9% | 21.0% | Libya |
| 2000s | 11.8% | 11.2% | 0.6% | Libya |
| 2010s | 14.9% | 11.9% | 3.0% | Libya |
| 2020s | 14.0% | 10.3% | 3.6% | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector, Libya or Nigeria?
- Nigeria, at 13.2% against 12.5% in Libya as of 2023.
- What is the difference in domestic credit to private sector between Libya and Nigeria?
- 0.7%, with Nigeria ahead.
- How many years of comparable data are there for Libya and Nigeria?
- 64 years are reported by both, from 1960 to 2023.
- How do Libya and Nigeria rank globally for domestic credit to private sector?
- Libya ranks 165th and Nigeria ranks 163rd of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.