Ghana vs Nigeria: Monetary Sector credit to private sector
Monetary Sector credit to private sector over time
- Ghana
- Nigeria
How they compare
Nigeria currently reports 9.6% against 8.9% in Ghana, a difference of 0.7%.
That makes Nigeria's figure about 1.1 times Ghana's.
The two have swapped places 10 times across 63 shared years of data; in 1960 it was Ghana ahead.
Ghana ranks 173rd and Nigeria ranks 171st of 187 countries.
Across the 7 decades both report, Ghana averaged higher in 4 and Nigeria in 3.
Head to head by decade
| Decade | Ghana | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 7.4% | 6.2% | 1.2% | Ghana |
| 1970s | 6.5% | 7.2% | 0.7% | Nigeria |
| 1980s | 2.8% | 6.8% | 4.0% | Nigeria |
| 1990s | 6.5% | 6.9% | 0.4% | Nigeria |
| 2000s | 13.5% | 11.2% | 2.3% | Ghana |
| 2010s | 16.3% | 11.9% | 4.4% | Ghana |
| 2020s | 13.1% | 9.4% | 3.8% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monetary sector credit to private sector, Ghana or Nigeria?
- Nigeria, at 9.6% against 8.9% in Ghana as of 2022.
- What is the difference in monetary sector credit to private sector between Ghana and Nigeria?
- 0.7%, with Nigeria ahead.
- How many years of comparable data are there for Ghana and Nigeria?
- 63 years are reported by both, from 1960 to 2022.
- How do Ghana and Nigeria rank globally for monetary sector credit to private sector?
- Ghana ranks 173rd and Nigeria ranks 171st of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Monetary Sector credit to private sector (% 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, 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. 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.