Discount Rate, Percent per annum in Nigeria
Nigeria: Discount Rate, Percent per annum was 10 in 2006. β Volatile
Discount Rate, Percent per annum in Nigeria, 1964β2006
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.
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
- 17 Pakistan 10.75 compare
- 18 Nicaragua 10.5 compare
- 19 Ecuador 10.43
- 21 Mozambique 9.95 compare
- 22 Bolivia, Plurinational State of 9.75 compare
- 23 Iceland 9 compare
- 23 Mauritania 9 compare
More financial sector data for Nigeria
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Domestic credit to private sector by banks 13.1% (2023)
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.