Domestic finance, S1 - Interest rate controls in Nigeria
Nigeria: Domestic finance, S1 - Interest rate controls was 3 in 2014. ◆ Volatile
Latest (2014)
3
Change on year
unchanged
World rank
1st
of 90 countries
All-time high
3
in 1999
All-time low
0
in 1973
Years of data
42
1973–2014
Domestic finance, S1 - Interest rate controls in Nigeria, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for domestic finance, s1 - interest rate controls in Nigeria is 3, measured in 2014. That is the highest value across all 42 years on record.
The figure is unchanged over ten years.
Over the whole period, domestic finance, s1 - interest rate controls in Nigeria peaked at 3 in 1999 and was at its lowest, 0, in 1973.
Nigeria ranks 1st of 90 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic finance, S1 - Interest rate controls in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0 | — |
| 1974 | 0 | — |
| 1975 | 0 | — |
| 1976 | 0 | — |
| 1977 | 0 | — |
| 1978 | 0 | — |
| 1979 | 0 | — |
| 1980 | 0 | — |
| 1981 | 0 | — |
| 1982 | 0 | — |
| 1983 | 0 | — |
| 1984 | 0 | — |
| 1985 | 0 | — |
| 1986 | 0 | — |
| 1987 | 1 | — |
| 1988 | 1 | +0.0% |
| 1989 | 1 | +0.0% |
| 1990 | 1 | +0.0% |
| 1991 | 0 | -100.0% |
| 1992 | 1 | — |
| 1993 | 1 | +0.0% |
| 1994 | 1 | +0.0% |
| 1995 | 1 | +0.0% |
| 1996 | 2 | +100.0% |
| 1997 | 2 | +0.0% |
| 1998 | 2 | +0.0% |
| 1999 | 3 | +50.0% |
| 2000 | 3 | +0.0% |
| 2001 | 3 | +0.0% |
| 2002 | 3 | +0.0% |
| 2003 | 3 | +0.0% |
| 2004 | 3 | +0.0% |
| 2005 | 3 | +0.0% |
| 2006 | 3 | +0.0% |
| 2007 | 3 | +0.0% |
| 2008 | 3 | +0.0% |
| 2009 | 3 | +0.0% |
| 2010 | 3 | +0.0% |
| 2011 | 3 | +0.0% |
| 2012 | 3 | +0.0% |
| 2013 | 3 | +0.0% |
| 2014 | 3 | +0.0% |
Nigeria compared with similar countries
- Nigeria's 3 is above the median for lower middle income countries, which is 3, 1.0× the median. (20 countries reporting)
- Nigeria's 3 is above the median for Sub-Saharan Africa, which is 3, 1.0× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 | 0 | 0 | 7 |
| 1980s | 0.3 | 0 | 1 | 10 |
| 1990s | 1.4 | 0 | 3 | 10 |
| 2000s | 3 | 3 | 3 | 10 |
| 2010s | 3 | 3 | 3 | 5 |
Countries ranked near Nigeria
- 1 Albania 3 compare
- 1 Argentina 3 compare
- 1 Australia 3 compare
- 1 Austria 3 compare
- 1 Azerbaijan 3 compare
- 1 Belgium 3 compare
- 1 Bangladesh 3 compare
- 1 Bulgaria 3 compare
- 1 Brazil 3 compare
- 1 Canada 3 compare
- 1 Switzerland 3 compare
- 1 Chile 3 compare
- 1 Colombia 3 compare
- 1 Czechia 3 compare
- 1 Germany 3 compare
- 1 Denmark 3 compare
- 1 Dominican Republic 3 compare
- 1 Egypt 3 compare
- 1 Spain 3 compare
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- 1 Finland 3 compare
- 1 France 3 compare
- 1 United Kingdom 3 compare
- 1 Georgia 3 compare
- 1 Ghana 3 compare
- 1 Greece 3 compare
- 1 Guatemala 3 compare
- 1 Hong Kong 3 compare
- 1 Hungary 3 compare
- 1 India 3 compare
- 1 Ireland 3 compare
- 1 Israel 3 compare
- 1 Italy 3 compare
- 1 Jamaica 3 compare
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- 1 Japan 3 compare
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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 finance, s1 - interest rate controls in Nigeria?
- Domestic finance, s1 - interest rate controls in Nigeria was 3 in 2014, according to International Monetary Fund.
- What is the highest domestic finance, s1 - interest rate controls recorded in Nigeria?
- The highest recorded value was 3 in 1999.
- What is the lowest domestic finance, s1 - interest rate controls recorded in Nigeria?
- The lowest recorded value was 0 in 1973.
- How does Nigeria rank for domestic finance, s1 - interest rate controls?
- Nigeria ranks 1st out of 90 countries with data for 2014.
- Is domestic finance, s1 - interest rate controls rising or falling in Nigeria?
- Over the last ten years it is unchanged. 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 finance, S1 - Interest rate controls. Statizoid updates them automatically from the source API.
Download this data
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.