Consolidated foreign claims of BIS reporting banks to GDP in Nigeria
Nigeria: Consolidated foreign claims of BIS reporting banks to GDP was 7.1% in 2020. ◆ Volatile
Consolidated foreign claims of BIS reporting banks to GDP in Nigeria, 1983–2020
Source: Consolidated banking statistics, Bank for International Settlements (BIS). Measured in %.
Analysis
In 2020, consolidated foreign claims of bis reporting banks to gdp in Nigeria stood at 7.1%.
The figure is down 0.3% on the previous year and up 234.1% over ten years.
Over the whole period, consolidated foreign claims of bis reporting banks to gdp in Nigeria peaked at 20.7% in 1987 and was at its lowest, 2.1%, in 2010.
Nigeria ranks 137th of 182 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Consolidated foreign claims of BIS reporting banks to GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1983 | 10.4% | — |
| 1984 | 12.2% | +16.8% |
| 1985 | 12.7% | +4.1% |
| 1986 | 18.2% | +43.4% |
| 1987 | 20.7% | +14.2% |
| 1988 | 18.3% | -11.7% |
| 1989 | 16.8% | -8.4% |
| 1990 | 11.8% | -29.6% |
| 1991 | 11.3% | -4.2% |
| 1992 | 8.7% | -23.1% |
| 1993 | 13.3% | +52.6% |
| 1994 | 9.7% | -26.6% |
| 1995 | 6.3% | -35.2% |
| 1996 | 4.5% | -29.1% |
| 1997 | 3.7% | -18.1% |
| 1998 | 4.2% | +15.3% |
| 1999 | 3.2% | -23.4% |
| 2000 | 3.0% | -6.2% |
| 2001 | 3.2% | +5.3% |
| 2002 | 2.3% | -29.2% |
| 2003 | 2.8% | +21.5% |
| 2004 | 2.8% | +1.0% |
| 2005 | 2.7% | -2.4% |
| 2006 | 3.0% | +11.5% |
| 2007 | 3.8% | +25.4% |
| 2008 | 3.5% | -9.3% |
| 2009 | 2.7% | -22.4% |
| 2010 | 2.1% | -21.1% |
| 2011 | 2.3% | +9.0% |
| 2012 | 3.2% | +39.4% |
| 2013 | 3.0% | -5.4% |
| 2014 | 3.6% | +18.5% |
| 2015 | 3.6% | +0.8% |
| 2016 | 3.9% | +7.4% |
| 2017 | 6.9% | +76.1% |
| 2018 | 6.8% | -1.2% |
| 2019 | 7.1% | +4.4% |
| 2020 | 7.1% | -0.3% |
Nigeria compared with similar countries
- Nigeria's 7.1% is below the median for lower middle income countries, which is 8.7%, 82% of the median. (45 countries reporting)
- Nigeria's 7.1% is below the median for Sub-Saharan Africa, which is 8.5%, 83% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.6% | 10.4% | 20.7% | 7 |
| 1990s | 7.7% | 3.2% | 13.3% | 10 |
| 2000s | 3.0% | 2.3% | 3.8% | 10 |
| 2010s | 4.3% | 2.1% | 7.1% | 10 |
| 2020s | 7.1% | 7.1% | 7.1% | 1 |
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 consolidated foreign claims of bis reporting banks to gdp in Nigeria?
- Consolidated foreign claims of bis reporting banks to gdp in Nigeria was 7.1% in 2020, according to Consolidated banking statistics, Bank for International Settlements (BIS).
- What is the highest consolidated foreign claims of bis reporting banks to gdp recorded in Nigeria?
- The highest recorded value was 20.7% in 1987.
- What is the lowest consolidated foreign claims of bis reporting banks to gdp recorded in Nigeria?
- The lowest recorded value was 2.1% in 2010.
- How does Nigeria rank for consolidated foreign claims of bis reporting banks to gdp?
- Nigeria ranks 137th out of 182 countries with data for 2020.
- Is consolidated foreign claims of bis reporting banks to gdp rising or falling in Nigeria?
- Over the last ten years it is up 234.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Consolidated banking statistics, Bank for International Settlements (BIS), published as part of Consolidated foreign claims of BIS reporting banks to GDP (%). Statizoid updates them automatically from the source API.
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About this data
The ratio of consolidated foreign claims to GDP of the banks that are reporting to BIS. Foreign claims are defined as the sum of cross-border claims plus foreign offices’ local claims in all currencies. In the consolidated banking statistics claims that are granted or extended to nonresidents are referred to as either cross-border claims. In the context of the consolidated banking statistics, local claims refer to claims of domestic banks’ foreign affiliates (branches/subsidiaries) on the residents of the host country (i.e. country of residence of affiliates). Items (A+L from BIS Table 9A). End-of-year data (i.e. December data) are considered for banks claims. GDP is from World Development Indicators.