Broad money growth (annual %) in Nigeria
Nigeria: Broad money growth (annual %) was 11.9% in 2025. ◆ Volatile
Broad money growth in Nigeria, 1961–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2025, broad money growth in Nigeria stood at 11.9%.
Compared with earlier readings it is down 73.0% on the previous year and up 190.3% over ten years.
Over the whole period, broad money growth in Nigeria peaked at 89.2% in 1974 and was at its lowest, -12.7%, in 1967.
That places Nigeria 68th out of 167 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Nigeria, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 8.7% | — |
| 1962 | 10.9% | +25.7% |
| 1963 | 8.7% | -20.6% |
| 1964 | 19.1% | +120.0% |
| 1965 | 8.8% | -54.2% |
| 1966 | 10.9% | +25.1% |
| 1967 | -12.7% | -215.6% |
| 1968 | 15.0% | -218.5% |
| 1969 | 26.9% | +79.4% |
| 1970 | 47.8% | +77.6% |
| 1971 | 6.4% | -86.6% |
| 1972 | 15.6% | +143.7% |
| 1973 | 13.8% | -11.6% |
| 1974 | 89.2% | +547.5% |
| 1975 | 55.7% | -37.6% |
| 1976 | 41.5% | -25.5% |
| 1977 | 34.5% | -16.8% |
| 1978 | -2.0% | -105.8% |
| 1979 | 31.0% | -1639.6% |
| 1980 | 46.1% | +49.0% |
| 1981 | 5.9% | -87.2% |
| 1982 | 9.5% | +61.8% |
| 1983 | 14.0% | +46.9% |
| 1984 | 11.6% | -17.3% |
| 1985 | 9.0% | -22.5% |
| 1986 | 2.0% | -78.3% |
| 1987 | 22.4% | +1047.5% |
| 1988 | 32.9% | +46.9% |
| 1989 | 12.9% | -60.7% |
| 1990 | 32.7% | +152.9% |
| 1991 | 37.4% | +14.3% |
| 1992 | 63.3% | +69.2% |
| 1993 | 53.8% | -15.0% |
| 1994 | 34.5% | -35.8% |
| 1995 | 19.4% | -43.7% |
| 1996 | 16.2% | -16.7% |
| 1997 | 16.0% | -0.9% |
| 1998 | 22.3% | +39.1% |
| 1999 | 33.1% | +48.4% |
| 2000 | 48.1% | +45.1% |
| 2001 | 26.4% | -45.1% |
| 2002 | 18.8% | -28.6% |
| 2003 | 13.5% | -28.2% |
| 2004 | 20.7% | +53.0% |
| 2005 | 22.6% | +9.3% |
| 2006 | 36.4% | +60.8% |
| 2007 | 87.8% | +141.4% |
| 2008 | 42.2% | -51.9% |
| 2009 | 14.9% | -64.8% |
| 2010 | 6.7% | -54.8% |
| 2011 | 21.7% | +222.5% |
| 2012 | 27.1% | +24.9% |
| 2013 | 14.3% | -47.2% |
| 2014 | -0.8% | -105.6% |
| 2015 | 4.1% | -615.0% |
| 2016 | 31.9% | +680.5% |
| 2017 | 1.4% | -95.7% |
| 2018 | 15.0% | +979.5% |
| 2019 | 6.4% | -57.0% |
| 2020 | 11.6% | +80.4% |
| 2021 | 14.2% | +22.4% |
| 2022 | 17.4% | +22.4% |
| 2023 | 50.9% | +192.3% |
| 2024 | 43.9% | -13.7% |
| 2025 | 11.9% | -73.0% |
Nigeria compared with similar countries
- Nigeria's 11.9% is below the median for lower middle income countries, which is 12.4%, 96% of the median. (46 countries reporting)
- Nigeria's 11.9% is below the median for Sub-Saharan Africa, which is 12.5%, 95% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +1639.6% | -2.0% | 31.0% |
| 1987 | +1047.5% | 2.0% | 22.4% |
| 2018 | +979.5% | 1.4% | 15.0% |
| 2016 | +680.5% | 4.1% | 31.9% |
| 2015 | +615.0% | -0.8% | 4.1% |
| 1974 | +547.5% | 13.8% | 89.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.7% | -12.7% | 26.9% | 9 |
| 1970s | 33.3% | -2.0% | 89.2% | 10 |
| 1980s | 16.6% | 2.0% | 46.1% | 10 |
| 1990s | 32.9% | 16.0% | 63.3% | 10 |
| 2000s | 33.1% | 13.5% | 87.8% | 10 |
| 2010s | 12.8% | -0.8% | 31.9% | 10 |
| 2020s | 25.0% | 11.6% | 50.9% | 6 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is broad money growth in Nigeria?
- Broad money growth in Nigeria was 11.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Nigeria?
- The highest recorded value was 89.2% in 1974.
- What is the lowest broad money growth recorded in Nigeria?
- The lowest recorded value was -12.7% in 1967.
- How does Nigeria rank for broad money growth?
- Nigeria ranks 68th out of 167 countries with data for 2025.
- Is broad money growth rising or falling in Nigeria?
- Over the last ten years it is up 190.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.