Domestic Claims, Claims on Private Sector (Depository Corporations) in Nigeria
Nigeria: Domestic Claims, Claims on Private Sector (Depository Corporations) was 52,824 units per person in 2008. ◆ Volatile
Domestic Claims, Claims on Private Sector (Depository Corporations) in Nigeria, 1960–2008
Source: Statizoid (derived). Measured in units per person.
Analysis
In 2008, domestic claims, claims on private sector (depository corporations) in Nigeria stood at 52,824 units per person. That is the highest value across all 49 years on record.
Compared with earlier readings it is up 53.1% on the previous year and up 1,629.1% over ten years.
Over the whole period, domestic claims, claims on private sector (depository corporations) in Nigeria peaked at 52,824 units per person in 2008 and was at its lowest, 2.46 units per person, in 1960.
Nigeria ranks 82nd of 176 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic Claims, Claims on Private Sector (Depository Corporations) in Nigeria, year by year
| Year | units per person | Change |
|---|---|---|
| 1960 | 2.46 units per person | — |
| 1961 | 2.57 units per person | +4.5% |
| 1962 | 4.16 units per person | +61.9% |
| 1963 | 4.95 units per person | +19.0% |
| 1964 | 5.12 units per person | +3.4% |
| 1965 | 5.61 units per person | +9.6% |
| 1966 | 6.4 units per person | +14.0% |
| 1967 | 5.55 units per person | -13.3% |
| 1968 | 5.47 units per person | -1.5% |
| 1969 | 5.77 units per person | +5.5% |
| 1970 | 7.89 units per person | +36.8% |
| 1971 | 9.78 units per person | +23.9% |
| 1972 | 11.56 units per person | +18.3% |
| 1973 | 12.33 units per person | +6.7% |
| 1974 | 14.94 units per person | +21.1% |
| 1975 | 24.66 units per person | +65.1% |
| 1976 | 33.41 units per person | +35.5% |
| 1977 | 46.18 units per person | +38.2% |
| 1978 | 57.17 units per person | +23.8% |
| 1979 | 62.36 units per person | +9.1% |
| 1980 | 83.33 units per person | +33.6% |
| 1981 | 106.26 units per person | +27.5% |
| 1982 | 122.67 units per person | +15.4% |
| 1983 | 122.53 units per person | -0.1% |
| 1984 | 125.93 units per person | +2.8% |
| 1985 | 133.62 units per person | +6.1% |
| 1986 | 172.04 units per person | +28.7% |
| 1987 | 180.33 units per person | +4.8% |
| 1988 | 208.06 units per person | +15.4% |
| 1989 | 223.4 units per person | +7.4% |
| 1990 | 252.49 units per person | +13.0% |
| 1991 | 310.12 units per person | +22.8% |
| 1992 | 728.78 units per person | +135.0% |
| 1993 | 838.07 units per person | +15.0% |
| 1994 | 1,317 units per person | +57.2% |
| 1995 | 1,821 units per person | +38.2% |
| 1996 | 2,218 units per person | +21.8% |
| 1997 | 2,661 units per person | +20.0% |
| 1998 | 3,055 units per person | +14.8% |
| 1999 | 3,640 units per person | +19.1% |
| 2000 | 4,610 units per person | +26.7% |
| 2001 | 6,265 units per person | +35.9% |
| 2002 | 6,966 units per person | +11.2% |
| 2003 | 8,803 units per person | +26.4% |
| 2004 | 10,872 units per person | +23.5% |
| 2005 | 13,449 units per person | +23.7% |
| 2006 | 16,546 units per person | +23.0% |
| 2007 | 34,498 units per person | +108.5% |
| 2008 | 52,824 units per person | +53.1% |
Nigeria compared with similar countries
- Nigeria's 52,824 units per person is above the median for lower middle income countries, which is 30,922 units per person, 1.7× the median. (43 countries reporting)
- Nigeria's 52,824 units per person is above the median for Sub-Saharan Africa, which is 35,544 units per person, 1.5× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Domestic Claims, Claims on Private Sector (Depository 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 |
|---|---|---|---|
| 1992 | +135.0% | 310.12 units per person | 728.78 units per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.81 units per person | 2.46 units per person | 6.4 units per person | 10 |
| 1970s | 28.03 units per person | 7.89 units per person | 62.36 units per person | 10 |
| 1980s | 147.82 units per person | 83.33 units per person | 223.4 units per person | 10 |
| 1990s | 1,684 units per person | 252.49 units per person | 3,640 units per person | 10 |
| 2000s | 17,204 units per person | 4,610 units per person | 52,824 units per person | 9 |
Countries ranked near Nigeria
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)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is domestic claims, claims on private sector (depository corporations) in Nigeria?
- Domestic claims, claims on private sector (depository corporations) in Nigeria was 52,824 units per person in 2008, according to Statizoid (derived).
- What is the highest domestic claims, claims on private sector (depository corporations) recorded in Nigeria?
- The highest recorded value was 52,824 units per person in 2008.
- What is the lowest domestic claims, claims on private sector (depository corporations) recorded in Nigeria?
- The lowest recorded value was 2.46 units per person in 1960.
- How does Nigeria rank for domestic claims, claims on private sector (depository corporations)?
- Nigeria ranks 82nd out of 176 countries with data for 2008.
- Is domestic claims, claims on private sector (depository corporations) rising or falling in Nigeria?
- Over the last ten years it is up 1,629.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Domestic Claims, Claims on Private Sector (Depository Corporations Survey, Domestic currency), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Domestic Claims, Claims on Private Sector (Depository Corporations Survey, Domestic currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Domestic Claims, Claims on Private Sector (Depository Corporations Survey, Domestic currency) ÷ Population, total
Computed from
- Domestic Claims, Claims on Private Sector International Monetary Fund
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Domestic Claims, Claims on Private Sector (Depository Corporations Survey, Domestic currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.