Deposit money bank assets to deposit money bank assets and central in Nigeria
Nigeria: Deposit money bank assets to deposit money bank assets and central was 55.4% in 2021. ▬ Flat
Latest (2021)
55.4%
Change on year
down 3.5%
World rank
174th
of 183 countries
All-time high
98.0%
in 1974
All-time low
30.7%
in 1991
Years of data
62
1960–2021
Deposit money bank assets to deposit money bank assets and central in Nigeria, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, deposit money bank assets to deposit money bank assets and central in Nigeria stood at 55.4%.
Compared with earlier readings it is down 3.5% on the previous year and down 41.4% over ten years.
Over the whole period, deposit money bank assets to deposit money bank assets and central in Nigeria peaked at 98.0% in 1974 and was at its lowest, 30.7%, in 1991.
That places Nigeria 174th out of 183 countries with data for 2021, putting it in the bottom quarter.
Deposit money bank assets to deposit money bank assets and central in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 94.7% | — |
| 1961 | 85.8% | -9.3% |
| 1962 | 85.9% | +0.0% |
| 1963 | 76.9% | -10.4% |
| 1964 | 78.7% | +2.3% |
| 1965 | 81.4% | +3.4% |
| 1966 | 75.4% | -7.3% |
| 1967 | 66.3% | -12.1% |
| 1968 | 68.5% | +3.3% |
| 1969 | 69.1% | +1.0% |
| 1970 | 75.8% | +9.7% |
| 1971 | 72.0% | -5.0% |
| 1972 | 81.0% | +12.5% |
| 1973 | 85.9% | +6.1% |
| 1974 | 98.0% | +14.1% |
| 1975 | 85.1% | -13.2% |
| 1976 | 84.0% | -1.2% |
| 1977 | 68.8% | -18.1% |
| 1978 | 60.7% | -11.9% |
| 1979 | 72.6% | +19.7% |
| 1980 | 75.6% | +4.1% |
| 1981 | 62.9% | -16.8% |
| 1982 | 61.3% | -2.5% |
| 1983 | 56.9% | -7.2% |
| 1984 | 64.0% | +12.5% |
| 1985 | 65.9% | +2.9% |
| 1986 | 53.4% | -19.0% |
| 1987 | 56.3% | +5.4% |
| 1988 | 49.3% | -12.4% |
| 1989 | 41.7% | -15.4% |
| 1990 | 41.4% | -0.8% |
| 1991 | 30.7% | -25.8% |
| 1992 | 36.6% | +19.2% |
| 1993 | 37.3% | +2.1% |
| 1994 | 37.9% | +1.6% |
| 1995 | 33.9% | -10.6% |
| 1996 | 49.6% | +46.3% |
| 1997 | 46.7% | -5.9% |
| 1998 | 48.1% | +3.1% |
| 1999 | 55.0% | +14.2% |
| 2000 | 63.1% | +14.7% |
| 2001 | 58.7% | -7.0% |
| 2002 | 72.6% | +23.7% |
| 2003 | 73.0% | +0.6% |
| 2004 | 82.9% | +13.6% |
| 2005 | 88.5% | +6.7% |
| 2006 | 84.6% | -4.4% |
| 2007 | 85.1% | +0.7% |
| 2008 | 92.9% | +9.1% |
| 2009 | 96.1% | +3.5% |
| 2010 | 93.5% | -2.8% |
| 2011 | 94.6% | +1.1% |
| 2012 | 94.8% | +0.3% |
| 2013 | 95.3% | +0.5% |
| 2014 | 94.5% | -0.9% |
| 2015 | 85.3% | -9.7% |
| 2016 | 78.9% | -7.5% |
| 2017 | 75.6% | -4.2% |
| 2018 | 69.3% | -8.4% |
| 2019 | 61.9% | -10.6% |
| 2020 | 57.5% | -7.2% |
| 2021 | 55.4% | -3.5% |
Nigeria compared with similar countries
- Nigeria's 55.4% is below the median for lower middle income countries, which is 86.7%, 64% of the median. (46 countries reporting)
- Nigeria's 55.4% is below the median for Sub-Saharan Africa, which is 78.5%, 71% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 78.3% | 66.3% | 94.7% | 10 |
| 1970s | 78.4% | 60.7% | 98.0% | 10 |
| 1980s | 58.7% | 41.7% | 75.6% | 10 |
| 1990s | 41.7% | 30.7% | 55.0% | 10 |
| 2000s | 79.7% | 58.7% | 96.1% | 10 |
| 2010s | 84.4% | 61.9% | 95.3% | 10 |
| 2020s | 56.5% | 55.4% | 57.5% | 2 |
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 deposit money bank assets to deposit money bank assets and central in Nigeria?
- Deposit money bank assets to deposit money bank assets and central in Nigeria was 55.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest deposit money bank assets to deposit money bank assets and central recorded in Nigeria?
- The highest recorded value was 98.0% in 1974.
- What is the lowest deposit money bank assets to deposit money bank assets and central recorded in Nigeria?
- The lowest recorded value was 30.7% in 1991.
- How does Nigeria rank for deposit money bank assets to deposit money bank assets and central?
- Nigeria ranks 174th out of 183 countries with data for 2021.
- Is deposit money bank assets to deposit money bank assets and central rising or falling in Nigeria?
- Over the last ten years it is down 41.4%. The long-run trend across the full record is flat.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Deposit money bank assets to deposit money bank assets and central bank assets (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Raw data are from the electronic version of the IMF's International Financial Statistics (IFS lines 12 and 22, a-d).