Deposit money banks'' assets to GDP in Nigeria
Nigeria: Deposit money banks'' assets to GDP was 16.4% in 2021. ▲ Rising
Deposit money banks'' assets to GDP in Nigeria, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit money banks'' assets to gdp in Nigeria is 16.4%, measured in 2021.
That represents a change of up 6.0% on the previous year and down 14.6% over ten years.
Over the whole period, deposit money banks'' assets to gdp in Nigeria peaked at 25.5% in 2008 and was at its lowest, 4.0%, in 1960.
That places Nigeria 174th out of 187 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 62 years of available data.
Deposit money banks'' assets to GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 4.0% | — |
| 1961 | 4.4% | +10.0% |
| 1962 | 5.6% | +29.1% |
| 1963 | 6.0% | +6.2% |
| 1964 | 6.9% | +14.7% |
| 1965 | 7.2% | +4.6% |
| 1966 | 7.8% | +8.1% |
| 1967 | 8.7% | +12.1% |
| 1968 | 11.7% | +34.1% |
| 1969 | 12.1% | +3.6% |
| 1970 | 9.5% | -21.2% |
| 1971 | 7.7% | -19.0% |
| 1972 | 9.0% | +16.8% |
| 1973 | 9.2% | +2.6% |
| 1974 | 8.7% | -6.2% |
| 1975 | 10.0% | +15.3% |
| 1976 | 11.6% | +15.6% |
| 1977 | 13.1% | +13.7% |
| 1978 | 14.1% | +7.5% |
| 1979 | 16.2% | +14.7% |
| 1980 | 18.2% | +12.7% |
| 1981 | 7.5% | -59.0% |
| 1982 | 8.8% | +17.3% |
| 1983 | 10.0% | +13.4% |
| 1984 | 12.0% | +20.5% |
| 1985 | 12.0% | -0.3% |
| 1986 | 10.3% | -13.9% |
| 1987 | 10.1% | -1.5% |
| 1988 | 8.7% | -14.2% |
| 1989 | 6.1% | -29.5% |
| 1990 | 7.0% | +13.7% |
| 1991 | 6.3% | -9.1% |
| 1992 | 9.1% | +43.3% |
| 1993 | 10.2% | +12.1% |
| 1994 | 10.8% | +6.2% |
| 1995 | 7.3% | -32.3% |
| 1996 | 7.6% | +4.1% |
| 1997 | 8.1% | +6.2% |
| 1998 | 8.9% | +9.4% |
| 1999 | 11.9% | +34.2% |
| 2000 | 12.5% | +5.0% |
| 2001 | 12.8% | +2.6% |
| 2002 | 12.3% | -4.0% |
| 2003 | 11.8% | -3.7% |
| 2004 | 11.9% | +0.9% |
| 2005 | 11.4% | -4.7% |
| 2006 | 12.1% | +6.1% |
| 2007 | 21.6% | +78.4% |
| 2008 | 25.5% | +18.2% |
| 2009 | 24.7% | -3.3% |
| 2010 | 19.5% | -21.0% |
| 2011 | 19.2% | -1.4% |
| 2012 | 19.1% | -0.8% |
| 2013 | 18.0% | -5.7% |
| 2014 | 17.7% | -1.5% |
| 2015 | 18.4% | +3.9% |
| 2016 | 20.3% | +10.6% |
| 2017 | 17.2% | -15.4% |
| 2018 | 15.2% | -11.8% |
| 2019 | 15.2% | -0.2% |
| 2020 | 15.5% | +2.1% |
| 2021 | 16.4% | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.4% | 4.0% | 12.1% | 10 |
| 1970s | 10.9% | 7.7% | 16.2% | 10 |
| 1980s | 10.4% | 6.1% | 18.2% | 10 |
| 1990s | 8.7% | 6.3% | 11.9% | 10 |
| 2000s | 15.7% | 11.4% | 25.5% | 10 |
| 2010s | 18.0% | 15.2% | 20.3% | 10 |
| 2020s | 15.9% | 15.5% | 16.4% | 2 |
Countries ranked near Nigeria
- 171 Tanzania, United Republic of 17.2% compare
- 172 Liberia 16.8% compare
- 173 Cyprus 16.6% compare
- 175 Equatorial Guinea 16.4% compare
- 176 Timor-Leste 15.3% compare
- 177 Guinea 14.8% 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 deposit money banks'' assets to gdp in Nigeria?
- Deposit money banks'' assets to gdp in Nigeria was 16.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest deposit money banks'' assets to gdp recorded in Nigeria?
- The highest recorded value was 25.5% in 2008.
- What is the lowest deposit money banks'' assets to gdp recorded in Nigeria?
- The lowest recorded value was 4.0% in 1960.
- How does Nigeria rank for deposit money banks'' assets to gdp?
- Nigeria ranks 174th out of 187 countries with data for 2021.
- Is deposit money banks'' assets to gdp rising or falling in Nigeria?
- Over the last ten years it is down 14.6%. The long-run trend across the full record is rising.
- 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 banks'' 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 deposit money banks 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 deposit money 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. Deposit money bank assets (IFS lines 22, 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).