Domestic Claims, Claims on Private Sector in Nigeria
Nigeria: Domestic Claims, Claims on Private Sector was 8.32 trillion in 2008. ◆ Volatile
Domestic Claims, Claims on Private Sector in Nigeria, 1952–2008
Source: International Monetary Fund.
Analysis
Nigeria recorded 8.32 trillion for domestic claims, claims on private sector in 2008. That is the highest value across all 57 years on record.
Compared with earlier readings it is up 57.4% on the previous year and up 2,173.8% over ten years.
Over the whole period, domestic claims, claims on private sector in Nigeria peaked at 8.32 trillion in 2008 and was at its lowest, 18.40 million, in 1952.
That places Nigeria 22nd out of 178 countries with data for 2008, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic Claims, Claims on Private Sector in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1952 | 18.40 million | — |
| 1953 | 20.20 million | +9.8% |
| 1954 | 24.20 million | +19.8% |
| 1955 | 38.80 million | +60.3% |
| 1956 | 51.20 million | +32.0% |
| 1957 | 69.60 million | +35.9% |
| 1958 | 77.20 million | +10.9% |
| 1959 | 81.00 million | +4.9% |
| 1960 | 110.80 million | +36.8% |
| 1961 | 118.20 million | +6.7% |
| 1962 | 195.40 million | +65.3% |
| 1963 | 237.60 million | +21.6% |
| 1964 | 251.00 million | +5.6% |
| 1965 | 281.10 million | +12.0% |
| 1966 | 327.60 million | +16.5% |
| 1967 | 290.30 million | -11.4% |
| 1968 | 292.20 million | +0.7% |
| 1969 | 315.10 million | +7.8% |
| 1970 | 441.00 million | +40.0% |
| 1971 | 559.30 million | +26.8% |
| 1972 | 677.60 million | +21.2% |
| 1973 | 741.00 million | +9.4% |
| 1974 | 921.30 million | +24.3% |
| 1975 | 1.56 billion | +69.7% |
| 1976 | 2.18 billion | +39.4% |
| 1977 | 3.10 billion | +42.4% |
| 1978 | 3.96 billion | +27.6% |
| 1979 | 4.46 billion | +12.5% |
| 1980 | 6.15 billion | +37.9% |
| 1981 | 8.08 billion | +31.5% |
| 1982 | 9.61 billion | +19.0% |
| 1983 | 9.86 billion | +2.5% |
| 1984 | 10.39 billion | +5.4% |
| 1985 | 11.34 billion | +9.2% |
| 1986 | 15.01 billion | +32.3% |
| 1987 | 16.16 billion | +7.7% |
| 1988 | 19.15 billion | +18.5% |
| 1989 | 21.12 billion | +10.3% |
| 1990 | 24.52 billion | +16.1% |
| 1991 | 30.93 billion | +26.1% |
| 1992 | 74.61 billion | +141.2% |
| 1993 | 88.10 billion | +18.1% |
| 1994 | 142.16 billion | +61.4% |
| 1995 | 201.78 billion | +41.9% |
| 1996 | 252.29 billion | +25.0% |
| 1997 | 310.66 billion | +23.1% |
| 1998 | 366.13 billion | +17.9% |
| 1999 | 447.84 billion | +22.3% |
| 2000 | 582.61 billion | +30.1% |
| 2001 | 813.63 billion | +39.7% |
| 2002 | 929.82 billion | +14.3% |
| 2003 | 1.21 trillion | +29.9% |
| 2004 | 1.53 trillion | +27.0% |
| 2005 | 1.95 trillion | +27.2% |
| 2006 | 2.47 trillion | +26.5% |
| 2007 | 5.29 trillion | +114.4% |
| 2008 | 8.32 trillion | +57.4% |
Nigeria compared with similar countries
- Nigeria's 8.32 trillion is above the median for lower middle income countries, which is 583.31 billion, 14.3× the median. (43 countries reporting)
- Nigeria's 8.32 trillion is above the median for Sub-Saharan Africa, which is 462.24 billion, 18.0× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Domestic Claims, Claims on Private Sector 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 | +141.2% | 30.93 billion | 74.61 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 47.58 million | 18.40 million | 81.00 million | 8 |
| 1960s | 241.93 million | 110.80 million | 327.60 million | 10 |
| 1970s | 1.86 billion | 441.00 million | 4.46 billion | 10 |
| 1980s | 12.69 billion | 6.15 billion | 21.12 billion | 10 |
| 1990s | 193.90 billion | 24.52 billion | 447.84 billion | 10 |
| 2000s | 2.57 trillion | 582.61 billion | 8.32 trillion | 9 |
Countries ranked near Nigeria
- 19 Lao People's Democratic Republic 12.31 trillion compare
- 20 Cambodia 9.85 trillion compare
- 21 Thailand 8.51 trillion compare
- 23 Zambia 8.20 trillion compare
- 24 Kazakhstan 7.97 trillion compare
- 25 Costa Rica 7.93 trillion compare
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 private sector in Nigeria?
- Domestic claims, claims on private sector in Nigeria was 8.32 trillion in 2008, according to International Monetary Fund.
- What is the highest domestic claims, claims on private sector recorded in Nigeria?
- The highest recorded value was 8.32 trillion in 2008.
- What is the lowest domestic claims, claims on private sector recorded in Nigeria?
- The lowest recorded value was 18.40 million in 1952.
- How does Nigeria rank for domestic claims, claims on private sector?
- Nigeria ranks 22nd out of 178 countries with data for 2008.
- Is domestic claims, claims on private sector rising or falling in Nigeria?
- Over the last ten years it is up 2,173.8%. 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 Private Sector (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.