Domestic Claims in Nigeria
Nigeria: Domestic Claims was 6.56 trillion in 2008. ◆ Volatile
Latest (2008)
6.56 trillion
Change on year
up 55.9%
World rank
28th
of 178 countries
All-time high
6.56 trillion
in 2008
All-time low
-314.00 million
in 1974
Years of data
56
1953–2008
Domestic Claims in Nigeria, 1953–2008
Source: International Monetary Fund.
Analysis
The most recent figure for domestic claims in Nigeria is 6.56 trillion, measured in 2008. That is the highest value across all 56 years on record.
The figure is up 55.9% on the previous year and up 1,180.6% over ten years.
Over the whole period, domestic claims in Nigeria peaked at 6.56 trillion in 2008 and was at its lowest, -314.00 million, in 1974.
Nigeria ranks 28th of 178 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic Claims in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1953 | 20.20 million | — |
| 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 | 8.10 million | -89.5% |
| 1960 | 53.50 million | +560.5% |
| 1961 | 105.60 million | +97.4% |
| 1962 | 197.40 million | +86.9% |
| 1963 | 264.30 million | +33.9% |
| 1964 | 337.40 million | +27.7% |
| 1965 | 364.30 million | +8.0% |
| 1966 | 457.00 million | +25.4% |
| 1967 | 491.20 million | +7.5% |
| 1968 | 620.60 million | +26.3% |
| 1969 | 822.50 million | +32.5% |
| 1970 | 1.14 billion | +38.8% |
| 1971 | 1.13 billion | -1.3% |
| 1972 | 1.27 billion | +13.0% |
| 1973 | 1.26 billion | -1.0% |
| 1974 | -314.00 million | -124.9% |
| 1975 | 1.02 billion | -424.2% |
| 1976 | 2.94 billion | +188.8% |
| 1977 | 5.95 billion | +102.2% |
| 1978 | 7.78 billion | +30.9% |
| 1979 | 8.69 billion | +11.7% |
| 1980 | 10.73 billion | +23.4% |
| 1981 | 15.78 billion | +47.0% |
| 1982 | 21.53 billion | +36.4% |
| 1983 | 27.71 billion | +28.7% |
| 1984 | 30.47 billion | +10.0% |
| 1985 | 31.92 billion | +4.8% |
| 1986 | 36.46 billion | +14.2% |
| 1987 | 40.31 billion | +10.6% |
| 1988 | 50.75 billion | +25.9% |
| 1989 | 46.02 billion | -9.3% |
| 1990 | 61.66 billion | +34.0% |
| 1991 | 70.61 billion | +14.5% |
| 1992 | 171.07 billion | +142.3% |
| 1993 | 280.66 billion | +64.1% |
| 1994 | 439.11 billion | +56.5% |
| 1995 | 474.36 billion | +8.0% |
| 1996 | 371.08 billion | -21.8% |
| 1997 | 365.87 billion | -1.4% |
| 1998 | 512.49 billion | +40.1% |
| 1999 | 632.01 billion | +23.3% |
| 2000 | 472.01 billion | -25.3% |
| 2001 | 947.61 billion | +100.8% |
| 2002 | 1.39 trillion | +47.1% |
| 2003 | 1.85 trillion | +33.0% |
| 2004 | 1.37 trillion | -26.3% |
| 2005 | 1.27 trillion | -7.2% |
| 2006 | 918.54 billion | -27.5% |
| 2007 | 4.21 trillion | +358.3% |
| 2008 | 6.56 trillion | +55.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 41.33 million | 8.10 million | 77.20 million | 7 |
| 1960s | 371.38 million | 53.50 million | 822.50 million | 10 |
| 1970s | 3.09 billion | -314.00 million | 8.69 billion | 10 |
| 1980s | 31.17 billion | 10.73 billion | 50.75 billion | 10 |
| 1990s | 337.89 billion | 61.66 billion | 632.01 billion | 10 |
| 2000s | 2.11 trillion | 472.01 billion | 6.56 trillion | 9 |
Countries ranked near Nigeria
- 25 Costa Rica 8.42 trillion compare
- 26 France 8.39 trillion compare
- 27 Cambodia 6.81 trillion compare
- 29 Hong Kong, China 6.45 trillion compare
- 30 Côte d'Ivoire 5.91 trillion compare
- 31 Madagascar 5.85 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 in Nigeria?
- Domestic claims in Nigeria was 6.56 trillion in 2008, according to International Monetary Fund.
- What is the highest domestic claims recorded in Nigeria?
- The highest recorded value was 6.56 trillion in 2008.
- What is the lowest domestic claims recorded in Nigeria?
- The lowest recorded value was -314.00 million in 1974.
- How does Nigeria rank for domestic claims?
- Nigeria ranks 28th out of 178 countries with data for 2008.
- Is domestic claims rising or falling in Nigeria?
- Over the last ten years it is up 1,180.6%. 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 (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.