Broad money (current LCU), per unit of GDP in Nigeria
Nigeria: Broad money (current LCU), per unit of GDP was 161.6 current LCU per US$ of GDP in 2023. ◆ Volatile
Latest (2023)
161.6 current LCU per US$ of GDP
Change on year
up 100.3%
World rank
39th
of 166 countries
All-time high
161.6 current LCU per US$ of GDP
in 2023
All-time low
0.0658 current LCU per US$ of GDP
in 1960
Years of data
64
1960–2023
Broad money (current LCU), per unit of GDP in Nigeria, 1960–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2023, broad money (current lcu), per unit of gdp in Nigeria stood at 161.6 current LCU per US$ of GDP. That is the highest value across all 64 years on record.
The figure is up 100.3% on the previous year and up 307.7% over ten years.
Over the whole period, broad money (current lcu), per unit of gdp in Nigeria peaked at 161.6 current LCU per US$ of GDP in 2023 and was at its lowest, 0.0658 current LCU per US$ of GDP, in 1960.
Nigeria ranks 39th of 166 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money (current LCU), per unit of GDP in Nigeria, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0658 current LCU per US$ of GDP | — |
| 1961 | 0.0672 current LCU per US$ of GDP | +2.1% |
| 1962 | 0.0678 current LCU per US$ of GDP | +0.9% |
| 1963 | 0.07 current LCU per US$ of GDP | +3.3% |
| 1964 | 0.0776 current LCU per US$ of GDP | +10.8% |
| 1965 | 0.0798 current LCU per US$ of GDP | +2.8% |
| 1966 | 0.0816 current LCU per US$ of GDP | +2.4% |
| 1967 | 0.0873 current LCU per US$ of GDP | +6.9% |
| 1968 | 0.1004 current LCU per US$ of GDP | +15.1% |
| 1969 | 0.0999 current LCU per US$ of GDP | -0.5% |
| 1970 | 0.0781 current LCU per US$ of GDP | -21.8% |
| 1971 | 0.1135 current LCU per US$ of GDP | +45.4% |
| 1972 | 0.0981 current LCU per US$ of GDP | -13.5% |
| 1973 | 0.0904 current LCU per US$ of GDP | -7.9% |
| 1974 | 0.1043 current LCU per US$ of GDP | +15.5% |
| 1975 | 0.1453 current LCU per US$ of GDP | +39.2% |
| 1976 | 0.1572 current LCU per US$ of GDP | +8.2% |
| 1977 | 0.213 current LCU per US$ of GDP | +35.5% |
| 1978 | 0.2059 current LCU per US$ of GDP | -3.3% |
| 1979 | 0.2084 current LCU per US$ of GDP | +1.2% |
| 1980 | 0.2241 current LCU per US$ of GDP | +7.6% |
| 1981 | 0.0927 current LCU per US$ of GDP | -58.7% |
| 1982 | 0.1169 current LCU per US$ of GDP | +26.2% |
| 1983 | 0.196 current LCU per US$ of GDP | +67.7% |
| 1984 | 0.2891 current LCU per US$ of GDP | +47.5% |
| 1985 | 0.314 current LCU per US$ of GDP | +8.6% |
| 1986 | 0.4307 current LCU per US$ of GDP | +37.2% |
| 1987 | 0.5485 current LCU per US$ of GDP | +27.4% |
| 1988 | 0.7736 current LCU per US$ of GDP | +41.0% |
| 1989 | 0.9856 current LCU per US$ of GDP | +27.4% |
| 1990 | 1.07 current LCU per US$ of GDP | +8.1% |
| 1991 | 1.33 current LCU per US$ of GDP | +24.7% |
| 1992 | 2.48 current LCU per US$ of GDP | +86.7% |
| 1993 | 3.5 current LCU per US$ of GDP | +41.1% |
| 1994 | 3.32 current LCU per US$ of GDP | -5.1% |
| 1995 | 2.26 current LCU per US$ of GDP | -31.9% |
| 1996 | 1.99 current LCU per US$ of GDP | -11.9% |
| 1997 | 2.14 current LCU per US$ of GDP | +7.3% |
| 1998 | 2.41 current LCU per US$ of GDP | +12.5% |
| 1999 | 11.83 current LCU per US$ of GDP | +391.6% |
| 2000 | 14.98 current LCU per US$ of GDP | +26.6% |
| 2001 | 17.8 current LCU per US$ of GDP | +18.8% |
| 2002 | 16.37 current LCU per US$ of GDP | -8.0% |
| 2003 | 16.86 current LCU per US$ of GDP | +3.0% |
| 2004 | 15.7 current LCU per US$ of GDP | -6.9% |
| 2005 | 14.87 current LCU per US$ of GDP | -5.2% |
| 2006 | 14.94 current LCU per US$ of GDP | +0.5% |
| 2007 | 24.04 current LCU per US$ of GDP | +60.9% |
| 2008 | 28.03 current LCU per US$ of GDP | +16.6% |
| 2009 | 37.04 current LCU per US$ of GDP | +32.2% |
| 2010 | 31.78 current LCU per US$ of GDP | -14.2% |
| 2011 | 34.24 current LCU per US$ of GDP | +7.7% |
| 2012 | 38.87 current LCU per US$ of GDP | +13.5% |
| 2013 | 39.64 current LCU per US$ of GDP | +2.0% |
| 2014 | 35.62 current LCU per US$ of GDP | -10.1% |
| 2015 | 43.18 current LCU per US$ of GDP | +21.2% |
| 2016 | 69.4 current LCU per US$ of GDP | +60.7% |
| 2017 | 75.78 current LCU per US$ of GDP | +9.2% |
| 2018 | 77.63 current LCU per US$ of GDP | +2.4% |
| 2019 | 52.15 current LCU per US$ of GDP | -32.8% |
| 2020 | 64.99 current LCU per US$ of GDP | +24.6% |
| 2021 | 72.96 current LCU per US$ of GDP | +12.3% |
| 2022 | 80.67 current LCU per US$ of GDP | +10.6% |
| 2023 | 161.6 current LCU per US$ of GDP | +100.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0797 current LCU per US$ of GDP | 0.0658 current LCU per US$ of GDP | 0.1004 current LCU per US$ of GDP | 10 |
| 1970s | 0.1414 current LCU per US$ of GDP | 0.0781 current LCU per US$ of GDP | 0.213 current LCU per US$ of GDP | 10 |
| 1980s | 0.3971 current LCU per US$ of GDP | 0.0927 current LCU per US$ of GDP | 0.9856 current LCU per US$ of GDP | 10 |
| 1990s | 3.23 current LCU per US$ of GDP | 1.07 current LCU per US$ of GDP | 11.83 current LCU per US$ of GDP | 10 |
| 2000s | 20.06 current LCU per US$ of GDP | 14.87 current LCU per US$ of GDP | 37.04 current LCU per US$ of GDP | 10 |
| 2010s | 49.83 current LCU per US$ of GDP | 31.78 current LCU per US$ of GDP | 77.63 current LCU per US$ of GDP | 10 |
| 2020s | 95.06 current LCU per US$ of GDP | 64.99 current LCU per US$ of GDP | 161.6 current LCU per US$ of GDP | 4 |
Countries ranked near Nigeria
- 36 Congo 172.27 current LCU per US$ of GDP compare
- 37 Kazakhstan 172.26 current LCU per US$ of GDP compare
- 38 Benin 172.01 current LCU per US$ of GDP compare
- 40 Comoros 157.53 current LCU per US$ of GDP compare
- 41 Angola 145.86 current LCU per US$ of GDP compare
- 42 Gabon 134.34 current LCU per US$ of GDP compare
More financial sector data for Nigeria
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is broad money (current lcu), per unit of gdp in Nigeria?
- Broad money (current lcu), per unit of gdp in Nigeria was 161.6 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest broad money (current lcu), per unit of gdp recorded in Nigeria?
- The highest recorded value was 161.6 current LCU per US$ of GDP in 2023.
- What is the lowest broad money (current lcu), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.0658 current LCU per US$ of GDP in 1960.
- How does Nigeria rank for broad money (current lcu), per unit of gdp?
- Nigeria ranks 39th out of 166 countries with data for 2023.
- Is broad money (current lcu), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 307.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Broad money (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Broad money (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Broad money (current LCU) ÷ GDP (current US$)
Computed from
- Broad money International Financial Statistics database, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Broad money (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.