Domestic Claims, Claims on Private Sector (Depository Corporations) in Nigeria
Nigeria: Domestic Claims, Claims on Private Sector (Depository Corporations) was 24.52 units per US$ of GDP in 2008. ◆ Volatile
Domestic Claims, Claims on Private Sector (Depository Corporations) in Nigeria, 1960–2008
Source: Statizoid (derived). Measured in units per US$ of GDP.
Analysis
In 2008, domestic claims, claims on private sector (depository corporations) in Nigeria stood at 24.52 units per US$ of GDP. That is the highest value across all 49 years on record.
The figure is up 29.1% on the previous year and up 1,362.9% over ten years.
Over the whole period, domestic claims, claims on private sector (depository corporations) in Nigeria peaked at 24.52 units per US$ of GDP in 2008 and was at its lowest, 0.0264 units per US$ of GDP, in 1960.
That places Nigeria 64th out of 174 countries with data for 2008, putting it 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 US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0264 units per US$ of GDP | — |
| 1961 | 0.0265 units per US$ of GDP | +0.2% |
| 1962 | 0.0398 units per US$ of GDP | +50.4% |
| 1963 | 0.046 units per US$ of GDP | +15.6% |
| 1964 | 0.0452 units per US$ of GDP | -1.7% |
| 1965 | 0.0479 units per US$ of GDP | +5.9% |
| 1966 | 0.0515 units per US$ of GDP | +7.5% |
| 1967 | 0.0558 units per US$ of GDP | +8.4% |
| 1968 | 0.0562 units per US$ of GDP | +0.7% |
| 1969 | 0.0475 units per US$ of GDP | -15.5% |
| 1970 | 0.0352 units per US$ of GDP | -26.0% |
| 1971 | 0.0609 units per US$ of GDP | +73.3% |
| 1972 | 0.0552 units per US$ of GDP | -9.4% |
| 1973 | 0.0489 units per US$ of GDP | -11.5% |
| 1974 | 0.0371 units per US$ of GDP | -24.1% |
| 1975 | 0.0563 units per US$ of GDP | +51.8% |
| 1976 | 0.06 units per US$ of GDP | +6.7% |
| 1977 | 0.0862 units per US$ of GDP | +43.5% |
| 1978 | 0.1085 units per US$ of GDP | +25.9% |
| 1979 | 0.0943 units per US$ of GDP | -13.0% |
| 1980 | 0.0957 units per US$ of GDP | +1.5% |
| 1981 | 0.0491 units per US$ of GDP | -48.7% |
| 1982 | 0.0673 units per US$ of GDP | +37.0% |
| 1983 | 0.1015 units per US$ of GDP | +50.7% |
| 1984 | 0.1414 units per US$ of GDP | +39.3% |
| 1985 | 0.1538 units per US$ of GDP | +8.8% |
| 1986 | 0.2738 units per US$ of GDP | +78.0% |
| 1987 | 0.3067 units per US$ of GDP | +12.0% |
| 1988 | 0.3856 units per US$ of GDP | +25.7% |
| 1989 | 0.4799 units per US$ of GDP | +24.5% |
| 1990 | 0.4538 units per US$ of GDP | -5.4% |
| 1991 | 0.5195 units per US$ of GDP | +14.5% |
| 1992 | 1.43 units per US$ of GDP | +175.9% |
| 1993 | 1.55 units per US$ of GDP | +8.4% |
| 1994 | 1.77 units per US$ of GDP | +13.8% |
| 1995 | 1.43 units per US$ of GDP | -19.0% |
| 1996 | 1.36 units per US$ of GDP | -5.1% |
| 1997 | 1.55 units per US$ of GDP | +13.9% |
| 1998 | 1.68 units per US$ of GDP | +8.4% |
| 1999 | 7.57 units per US$ of GDP | +351.7% |
| 2000 | 8.42 units per US$ of GDP | +11.2% |
| 2001 | 11.06 units per US$ of GDP | +31.3% |
| 2002 | 9.78 units per US$ of GDP | -11.6% |
| 2003 | 11.53 units per US$ of GDP | +17.9% |
| 2004 | 11.3 units per US$ of GDP | -2.0% |
| 2005 | 11.1 units per US$ of GDP | -1.7% |
| 2006 | 10.34 units per US$ of GDP | -6.8% |
| 2007 | 19 units per US$ of GDP | +83.7% |
| 2008 | 24.52 units per US$ of GDP | +29.1% |
Nigeria compared with similar countries
- Nigeria's 24.52 units per US$ of GDP is above the median for lower middle income countries, which is 23.35 units per US$ of GDP, 1.0× the median. (43 countries reporting)
- Nigeria's 24.52 units per US$ of GDP is below the median for Sub-Saharan Africa, which is 40.63 units per US$ of GDP, 60% of 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 |
|---|---|---|---|
| 1999 | +351.7% | 1.68 units per US$ of GDP | 7.57 units per US$ of GDP |
| 1992 | +175.9% | 0.5195 units per US$ of GDP | 1.43 units per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0443 units per US$ of GDP | 0.0264 units per US$ of GDP | 0.0562 units per US$ of GDP | 10 |
| 1970s | 0.0643 units per US$ of GDP | 0.0352 units per US$ of GDP | 0.1085 units per US$ of GDP | 10 |
| 1980s | 0.2055 units per US$ of GDP | 0.0491 units per US$ of GDP | 0.4799 units per US$ of GDP | 10 |
| 1990s | 1.93 units per US$ of GDP | 0.4538 units per US$ of GDP | 7.57 units per US$ of GDP | 10 |
| 2000s | 13.01 units per US$ of GDP | 8.42 units per US$ of GDP | 24.52 units per US$ of GDP | 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 24.52 units per US$ of GDP 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 24.52 units per US$ of GDP in 2008.
- What is the lowest domestic claims, claims on private sector (depository corporations) recorded in Nigeria?
- The lowest recorded value was 0.0264 units per US$ of GDP in 1960.
- How does Nigeria rank for domestic claims, claims on private sector (depository corporations)?
- Nigeria ranks 64th out of 174 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 1,362.9%. 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 unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Domestic Claims, Claims on Private Sector (Depository Corporations Survey, Domestic currency) ÷ GDP (current US$)
Computed from
- Domestic Claims, Claims on Private Sector International Monetary Fund
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.