Discount Rate, Percent per annum in Nigeria
Nigeria: Discount Rate, Percent per annum was 10 in 2006. ◆ Volatile
Discount Rate, Percent per annum in Nigeria, 1964–2006
Source: International Monetary Fund.
Analysis
In 2006, discount rate, percent per annum in Nigeria stood at 10.
The figure is down 23.1% on the previous year and down 25.9% over ten years.
Over the whole period, discount rate, percent per annum in Nigeria peaked at 26 in 1993 and was at its lowest, 3.5, in 1975.
That places Nigeria 20th out of 70 countries with data for 2006, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Discount Rate, Percent per annum in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 5 | — |
| 1965 | 5 | +0.0% |
| 1966 | 5 | +0.0% |
| 1967 | 5 | +0.0% |
| 1968 | 4.5 | -10.0% |
| 1969 | 4.5 | +0.0% |
| 1970 | 4.5 | +0.0% |
| 1971 | 4.5 | +0.0% |
| 1972 | 4.5 | +0.0% |
| 1973 | 4.5 | +0.0% |
| 1974 | 4.5 | +0.0% |
| 1975 | 3.5 | -22.2% |
| 1976 | 3.5 | +0.0% |
| 1977 | 4 | +14.3% |
| 1978 | 5 | +25.0% |
| 1979 | 5 | +0.0% |
| 1980 | 6 | +20.0% |
| 1981 | 6 | +0.0% |
| 1982 | 8 | +33.3% |
| 1983 | 8 | +0.0% |
| 1984 | 10 | +25.0% |
| 1985 | 10 | +0.0% |
| 1986 | 10 | +0.0% |
| 1987 | 12.75 | +27.5% |
| 1989 | 18.5 | +45.1% |
| 1990 | 18.5 | +0.0% |
| 1991 | 15.5 | -16.2% |
| 1992 | 17.5 | +12.9% |
| 1993 | 26 | +48.6% |
| 1994 | 13.5 | -48.1% |
| 1995 | 13.5 | +0.0% |
| 1996 | 13.5 | +0.0% |
| 1997 | 13.5 | +0.0% |
| 1998 | 13.5 | +0.0% |
| 1999 | 18 | +33.3% |
| 2000 | 14 | -22.2% |
| 2001 | 20.5 | +46.4% |
| 2002 | 16.5 | -19.5% |
| 2003 | 15 | -9.1% |
| 2004 | 15 | +0.0% |
| 2005 | 13 | -13.3% |
| 2006 | 10 | -23.1% |
Nigeria compared with similar countries
- Nigeria's 10 is above the median for lower middle income countries, which is 9, 1.1× the median. (21 countries reporting)
- Nigeria's 10 is above the median for Sub-Saharan Africa, which is 7.08, 1.4× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.83 | 4.5 | 5 | 6 |
| 1970s | 4.35 | 3.5 | 5 | 10 |
| 1980s | 9.92 | 6 | 18.5 | 9 |
| 1990s | 16.3 | 13.5 | 26 | 10 |
| 2000s | 14.86 | 10 | 20.5 | 7 |
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 discount rate, percent per annum in Nigeria?
- Discount rate, percent per annum in Nigeria was 10 in 2006, according to International Monetary Fund.
- What is the highest discount rate, percent per annum recorded in Nigeria?
- The highest recorded value was 26 in 1993.
- What is the lowest discount rate, percent per annum recorded in Nigeria?
- The lowest recorded value was 3.5 in 1975.
- How does Nigeria rank for discount rate, percent per annum?
- Nigeria ranks 20th out of 70 countries with data for 2006.
- Is discount rate, percent per annum rising or falling in Nigeria?
- Over the last ten years it is down 25.9%. 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 Discount Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.