Claims on other sectors of the domestic economy in Nigeria
Nigeria: Claims on other sectors of the domestic economy was 17.0% in 2022. ◆ Volatile
Claims on other sectors of the domestic economy in Nigeria, 2002–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
In 2022, claims on other sectors of the domestic economy in Nigeria stood at 17.0%.
The figure is up 33.1% on the previous year and up 143.8% over ten years.
Over the whole period, claims on other sectors of the domestic economy in Nigeria peaked at 79.2% in 2007 and was at its lowest, -12.7%, in 2010.
Nigeria ranks 16th of 151 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on other sectors of the domestic economy in Nigeria, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 2002 | 5.8% | — |
| 2003 | 19.5% | +239.8% |
| 2004 | 17.8% | -9.1% |
| 2005 | 21.9% | +23.2% |
| 2006 | 24.0% | +9.5% |
| 2007 | 79.2% | +230.4% |
| 2008 | 52.6% | -33.5% |
| 2009 | 16.7% | -68.2% |
| 2010 | -12.7% | -175.6% |
| 2011 | 29.7% | -334.6% |
| 2012 | 7.0% | -76.5% |
| 2013 | 8.6% | +22.8% |
| 2014 | 14.3% | +66.5% |
| 2015 | 2.9% | -79.9% |
| 2016 | 16.5% | +474.5% |
| 2017 | -0.3% | -101.8% |
| 2018 | 4.5% | -1634.1% |
| 2019 | 9.4% | +107.2% |
| 2020 | 9.4% | -0.2% |
| 2021 | 12.8% | +36.1% |
| 2022 | 17.0% | +33.1% |
Nigeria compared with similar countries
- Nigeria's 17.0% is above the median for lower middle income countries, which is 6.6%, 2.6× the median. (44 countries reporting)
- Nigeria's 17.0% is above the median for Sub-Saharan Africa, which is 6.5%, 2.6× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Claims on other sectors of the domestic economy 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 |
|---|---|---|---|
| 2018 | +1634.1% | -0.3% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.7% | 5.8% | 79.2% | 8 |
| 2010s | 8.0% | -12.7% | 29.7% | 10 |
| 2020s | 13.1% | 9.4% | 17.0% | 3 |
Countries ranked near Nigeria
- 13 Rwanda 18.4% compare
- 14 Kazakhstan 17.8% compare
- 15 Democratic Republic of Congo 17.8% compare
- 17 Georgia 16.7% compare
- 18 Bhutan 16.5% compare
- 19 Kosovo 16.3% compare
- 19 Kosovo (UNSCR 1244) 16.3% 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 other sectors of the domestic economy in Nigeria?
- Claims on other sectors of the domestic economy in Nigeria was 17.0% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on other sectors of the domestic economy recorded in Nigeria?
- The highest recorded value was 79.2% in 2007.
- What is the lowest claims on other sectors of the domestic economy recorded in Nigeria?
- The lowest recorded value was -12.7% in 2010.
- How does Nigeria rank for claims on other sectors of the domestic economy?
- Nigeria ranks 16th out of 151 countries with data for 2022.
- Is claims on other sectors of the domestic economy rising or falling in Nigeria?
- Over the last ten years it is up 143.8%. 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 Claims on other sectors of the domestic economy (annual growth as % of broad money). Statizoid updates them automatically from the source API.
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About this data
Claims on other sectors of the domestic economy include gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds. 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 represents the annual percentage growth in the ratio of claims to broad money.