Central bank assets to GDP in Nigeria
Nigeria: Central bank assets to GDP was 13.2% in 2021. ◆ Volatile
Central bank assets to GDP in Nigeria, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Nigeria recorded 13.2% for central bank assets to gdp in 2021.
The figure is up 15.1% on the previous year and up 1,093.1% over ten years.
Over the whole period, central bank assets to gdp in Nigeria peaked at 17.7% in 1994 and was at its lowest, 0.2%, in 1974.
Nigeria ranks 44th of 183 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Central bank assets to GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 0.2% | — |
| 1961 | 0.7% | +222.4% |
| 1962 | 0.9% | +29.0% |
| 1963 | 1.8% | +93.3% |
| 1964 | 1.9% | +3.5% |
| 1965 | 1.6% | -11.8% |
| 1966 | 2.5% | +54.1% |
| 1967 | 4.4% | +74.7% |
| 1968 | 5.4% | +21.5% |
| 1969 | 5.4% | +0.5% |
| 1970 | 3.0% | -43.7% |
| 1971 | 3.0% | -1.1% |
| 1972 | 2.1% | -29.4% |
| 1973 | 1.5% | -28.4% |
| 1974 | 0.2% | -88.4% |
| 1975 | 1.8% | +900.4% |
| 1976 | 2.2% | +25.3% |
| 1977 | 5.9% | +170.5% |
| 1978 | 9.2% | +53.8% |
| 1979 | 6.1% | -33.4% |
| 1980 | 5.9% | -3.4% |
| 1981 | 4.4% | -24.9% |
| 1982 | 5.5% | +25.3% |
| 1983 | 7.5% | +36.0% |
| 1984 | 6.7% | -10.7% |
| 1985 | 6.2% | -8.1% |
| 1986 | 9.0% | +45.4% |
| 1987 | 7.9% | -12.3% |
| 1988 | 9.0% | +13.6% |
| 1989 | 8.6% | -4.2% |
| 1990 | 9.9% | +15.3% |
| 1991 | 14.3% | +44.9% |
| 1992 | 15.8% | +10.0% |
| 1993 | 17.1% | +8.5% |
| 1994 | 17.7% | +3.6% |
| 1995 | 14.3% | -19.4% |
| 1996 | 7.7% | -45.8% |
| 1997 | 9.2% | +19.4% |
| 1998 | 9.5% | +3.3% |
| 1999 | 9.7% | +2.1% |
| 2000 | 7.3% | -25.0% |
| 2001 | 9.0% | +23.4% |
| 2002 | 4.6% | -48.5% |
| 2003 | 4.4% | -5.7% |
| 2004 | 2.5% | -43.9% |
| 2005 | 1.5% | -39.9% |
| 2006 | 2.2% | +48.9% |
| 2007 | 3.8% | +70.9% |
| 2008 | 2.0% | -47.9% |
| 2009 | 1.0% | -49.6% |
| 2010 | 1.4% | +37.2% |
| 2011 | 1.1% | -18.6% |
| 2012 | 1.0% | -5.6% |
| 2013 | 0.9% | -15.4% |
| 2014 | 1.0% | +16.8% |
| 2015 | 3.2% | +207.8% |
| 2016 | 5.4% | +71.6% |
| 2017 | 5.6% | +2.1% |
| 2018 | 6.7% | +21.2% |
| 2019 | 9.3% | +38.2% |
| 2020 | 11.5% | +23.0% |
| 2021 | 13.2% | +15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.5% | 0.2% | 5.4% | 10 |
| 1970s | 3.5% | 0.2% | 9.2% | 10 |
| 1980s | 7.1% | 4.4% | 9.0% | 10 |
| 1990s | 12.5% | 7.7% | 17.7% | 10 |
| 2000s | 3.8% | 1.0% | 9.0% | 10 |
| 2010s | 3.6% | 0.9% | 9.3% | 10 |
| 2020s | 12.3% | 11.5% | 13.2% | 2 |
Countries ranked near Nigeria
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 central bank assets to gdp in Nigeria?
- Central bank assets to gdp in Nigeria was 13.2% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest central bank assets to gdp recorded in Nigeria?
- The highest recorded value was 17.7% in 1994.
- What is the lowest central bank assets to gdp recorded in Nigeria?
- The lowest recorded value was 0.2% in 1974.
- How does Nigeria rank for central bank assets to gdp?
- Nigeria ranks 44th out of 183 countries with data for 2021.
- Is central bank assets to gdp rising or falling in Nigeria?
- Over the last ten years it is up 1,093.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Central bank assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Claims on domestic real nonfinancial sector by the Central Bank as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is Central Bank claims, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Central Bank claims (IFS lines 12, a-d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).