Claims on governments and other public entities in Nigeria
Nigeria: Claims on governments and other public entities was 10.6% in 1991. ◆ Volatile
Claims on governments and other public entities in Nigeria, 1965–1991
Source: "International Monetary Fund. ". Measured in % of GDP.
Analysis
Nigeria recorded 10.6% for claims on governments and other public entities in 1991.
That represents a change of up 25.4% on the previous year and down 17.6% over ten years.
Over the whole period, claims on governments and other public entities in Nigeria peaked at 28.8% in 1984 and was at its lowest, -7.3%, in 1974.
Nigeria ranks 11th of 48 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on governments and other public entities in Nigeria, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1965 | 2.0% | — |
| 1966 | 2.8% | +43.7% |
| 1967 | 5.0% | +79.1% |
| 1968 | 8.7% | +72.5% |
| 1969 | 10.6% | +22.0% |
| 1970 | 7.4% | -29.9% |
| 1971 | 5.2% | -30.7% |
| 1972 | 4.8% | -7.6% |
| 1973 | 3.4% | -28.0% |
| 1974 | -7.3% | -311.7% |
| 1975 | -3.2% | -55.5% |
| 1976 | 1.9% | -157.4% |
| 1977 | 7.5% | +303.9% |
| 1978 | 9.0% | +20.4% |
| 1979 | 8.1% | -10.7% |
| 1980 | 7.3% | -9.4% |
| 1981 | 12.9% | +76.9% |
| 1982 | 20.6% | +59.6% |
| 1983 | 28.0% | +35.8% |
| 1984 | 28.8% | +3.0% |
| 1985 | 25.9% | -10.1% |
| 1986 | 24.7% | -4.7% |
| 1987 | 20.6% | -16.8% |
| 1988 | 19.4% | -5.9% |
| 1989 | 8.5% | -56.0% |
| 1990 | 8.5% | -0.2% |
| 1991 | 10.6% | +25.4% |
Nigeria compared with similar countries
- Nigeria's 10.6% is above the median for Sub-Saharan Africa, which is 2.9%, 3.7× the median. (44 countries reporting)
- Nigeria's 10.6% is above the median for lower middle income countries, which is 4.8%, 2.2× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Claims on governments and other public entities 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 |
|---|---|---|---|
| 1974 | -311.7% | 3.4% | -7.3% |
| 1977 | +303.9% | 1.9% | 7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.8% | 2.0% | 10.6% | 5 |
| 1970s | 3.7% | -7.3% | 9.0% | 10 |
| 1980s | 19.7% | 7.3% | 28.8% | 10 |
| 1990s | 9.6% | 8.5% | 10.6% | 2 |
Countries ranked near Nigeria
- 8 Kenya 14.6% compare
- 9 Cape Verde 11.3% compare
- 10 Guinea 11.2% compare
- 12 Central African Republic 10.4% compare
- 13 Algeria 9.3%
- 14 Sierra Leone 9.1% compare
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 claims on governments and other public entities in Nigeria?
- Claims on governments and other public entities in Nigeria was 10.6% in 1991, according to "International Monetary Fund. ".
- What is the highest claims on governments and other public entities recorded in Nigeria?
- The highest recorded value was 28.8% in 1984.
- What is the lowest claims on governments and other public entities recorded in Nigeria?
- The lowest recorded value was -7.3% in 1974.
- How does Nigeria rank for claims on governments and other public entities?
- Nigeria ranks 11th out of 48 countries with data for 1991.
- Is claims on governments and other public entities rising or falling in Nigeria?
- Over the last ten years it is down 17.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from "International Monetary Fund. ", published as part of Claims on governments and other public entities (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Claims on governments and other public entities (IFS line 32an + 32b + 32bx + 32c) usually comprise direct credit for specific purposes such as financing of the government budget deficit or loans to state enterprises, advances against future credit authorizations, and purchases of treasury bills and bonds, net of deposits by the public sector. Public sector deposits with the banking system also include sinking funds for the service of debt and temporary deposits of government revenues. Data are in current local currency.