Domestic Claims, Claims on Other Financial Corporations in Nigeria
Nigeria: Domestic Claims, Claims on Other Financial Corporations was 1.14 trillion in 2008. ◆ Volatile
Domestic Claims, Claims on Other Financial Corporations in Nigeria, 1959–2008
Source: International Monetary Fund.
Analysis
Nigeria recorded 1.14 trillion for domestic claims, claims on other financial corporations in 2008. That is the highest value across all 50 years on record.
The figure is up 150.1% on the previous year and up 24,821.3% over ten years.
Over the whole period, domestic claims, claims on other financial corporations in Nigeria peaked at 1.14 trillion in 2008 and was at its lowest, 0, in 1959.
That places Nigeria 6th out of 104 countries with data for 2008, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic Claims, Claims on Other Financial Corporations in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1959 | 0 | — |
| 1960 | 0 | — |
| 1961 | 0 | — |
| 1962 | 0 | — |
| 1963 | 0 | — |
| 1964 | 1.10 million | — |
| 1965 | 1.10 million | +0.0% |
| 1966 | 1.40 million | +27.3% |
| 1967 | 13.50 million | +864.3% |
| 1968 | 5.30 million | -60.7% |
| 1969 | 4.90 million | -7.5% |
| 1970 | 34.10 million | +595.9% |
| 1971 | 32.20 million | -5.6% |
| 1972 | 64.60 million | +100.6% |
| 1973 | 98.00 million | +51.7% |
| 1974 | 180.30 million | +84.0% |
| 1975 | 169.00 million | -6.3% |
| 1976 | 171.80 million | +1.7% |
| 1977 | 244.20 million | +42.1% |
| 1978 | 439.10 million | +79.8% |
| 1979 | 637.90 million | +45.3% |
| 1980 | 656.10 million | +2.9% |
| 1981 | 804.20 million | +22.6% |
| 1982 | 806.50 million | +0.3% |
| 1983 | 972.10 million | +20.5% |
| 1984 | 1.21 billion | +24.8% |
| 1985 | 1.33 billion | +9.8% |
| 1986 | 1.53 billion | +15.2% |
| 1987 | 1.77 billion | +15.2% |
| 1988 | 1.77 billion | +0.5% |
| 1989 | 791.50 million | -55.4% |
| 1990 | 795.55 million | +0.5% |
| 1991 | 862.40 million | +8.4% |
| 1992 | 1.49 billion | +73.0% |
| 1993 | 3.10 billion | +107.8% |
| 1994 | 2.94 billion | -5.1% |
| 1995 | 3.16 billion | +7.4% |
| 1996 | 3.27 billion | +3.4% |
| 1997 | 5.92 billion | +81.1% |
| 1998 | 4.58 billion | -22.6% |
| 1999 | 4.57 billion | -0.3% |
| 2000 | 4.88 billion | +6.8% |
| 2001 | 104.01 billion | +2031.0% |
| 2002 | 73.51 billion | -29.3% |
| 2003 | 96.52 billion | +31.3% |
| 2004 | 78.19 billion | -19.0% |
| 2005 | 97.32 billion | +24.5% |
| 2006 | 188.54 billion | +93.7% |
| 2007 | 456.46 billion | +142.1% |
| 2008 | 1.14 trillion | +150.1% |
Nigeria compared with similar countries
- Nigeria's 1.14 trillion is above the median for lower middle income countries, which is 2.33 billion, 490.8× the median. (28 countries reporting)
- Nigeria's 1.14 trillion is above the median for Sub-Saharan Africa, which is 480.95 million, 2373.3× the median. (30 countries reporting)
Biggest year-on-year movements
Years where Domestic Claims, Claims on Other Financial Corporations in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +2031.0% | 4.88 billion | 104.01 billion |
| 1967 | +864.3% | 1.40 million | 13.50 million |
| 1970 | +595.9% | 4.90 million | 34.10 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0 | 0 | 0 | 1 |
| 1960s | 2.73 million | 0 | 13.50 million | 10 |
| 1970s | 207.12 million | 32.20 million | 637.90 million | 10 |
| 1980s | 1.17 billion | 656.10 million | 1.77 billion | 10 |
| 1990s | 3.07 billion | 795.55 million | 5.92 billion | 10 |
| 2000s | 248.99 billion | 4.88 billion | 1.14 trillion | 9 |
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 domestic claims, claims on other financial corporations in Nigeria?
- Domestic claims, claims on other financial corporations in Nigeria was 1.14 trillion in 2008, according to International Monetary Fund.
- What is the highest domestic claims, claims on other financial corporations recorded in Nigeria?
- The highest recorded value was 1.14 trillion in 2008.
- What is the lowest domestic claims, claims on other financial corporations recorded in Nigeria?
- The lowest recorded value was 0 in 1959.
- How does Nigeria rank for domestic claims, claims on other financial corporations?
- Nigeria ranks 6th out of 104 countries with data for 2008.
- Is domestic claims, claims on other financial corporations rising or falling in Nigeria?
- Over the last ten years it is up 24,821.3%. 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 Domestic Claims, Claims on Other Financial Corporations (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.