External loans and deposits of reporting banks vis-à-vis all sectors in Nigeria
Nigeria: External loans and deposits of reporting banks vis-à-vis all sectors was 35.2% in 2021. ◆ Volatile
External loans and deposits of reporting banks vis-à-vis all sectors in Nigeria, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
Nigeria recorded 35.2% for external loans and deposits of reporting banks vis-à-vis all sectors in 2021.
Compared with earlier readings it is up 10.7% on the previous year and up 33.3% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis all sectors in Nigeria peaked at 155.9% in 2006 and was at its lowest, 23.7%, in 2015.
That places Nigeria 66th out of 181 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External loans and deposits of reporting banks vis-à-vis all sectors in Nigeria, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 142.8% | — |
| 1996 | 130.4% | -8.7% |
| 1997 | 126.3% | -3.1% |
| 1998 | 106.9% | -15.3% |
| 1999 | 87.0% | -18.7% |
| 2000 | 90.0% | +3.4% |
| 2001 | 87.8% | -2.4% |
| 2002 | 85.4% | -2.8% |
| 2003 | 87.7% | +2.7% |
| 2004 | 98.6% | +12.4% |
| 2005 | 117.1% | +18.8% |
| 2006 | 155.9% | +33.1% |
| 2007 | 90.0% | -42.3% |
| 2008 | 32.0% | -64.4% |
| 2009 | 36.6% | +14.2% |
| 2010 | 36.1% | -1.3% |
| 2011 | 26.4% | -26.9% |
| 2012 | 38.7% | +46.8% |
| 2013 | 36.8% | -5.0% |
| 2014 | 29.9% | -18.7% |
| 2015 | 23.7% | -20.6% |
| 2016 | 28.2% | +19.0% |
| 2017 | 55.2% | +95.4% |
| 2018 | 61.1% | +10.7% |
| 2019 | 36.2% | -40.7% |
| 2020 | 31.8% | -12.3% |
| 2021 | 35.2% | +10.7% |
Nigeria compared with similar countries
- Nigeria's 35.2% is above the median for lower middle income countries, which is 23.3%, 1.5× the median. (46 countries reporting)
- Nigeria's 35.2% is above the median for Sub-Saharan Africa, which is 27.1%, 1.3× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 118.7% | 87.0% | 142.8% | 5 |
| 2000s | 88.1% | 32.0% | 155.9% | 10 |
| 2010s | 37.2% | 23.7% | 61.1% | 10 |
| 2020s | 33.5% | 31.8% | 35.2% | 2 |
Countries ranked near Nigeria
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 external loans and deposits of reporting banks vis-à-vis all sectors in Nigeria?
- External loans and deposits of reporting banks vis-à-vis all sectors in Nigeria was 35.2% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Nigeria?
- The highest recorded value was 155.9% in 2006.
- What is the lowest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Nigeria?
- The lowest recorded value was 23.7% in 2015.
- How does Nigeria rank for external loans and deposits of reporting banks vis-à-vis all sectors?
- Nigeria ranks 66th out of 181 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis all sectors rising or falling in Nigeria?
- Over the last ten years it is up 33.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Bank for International Settlements (BIS), published as part of External loans and deposits of reporting banks vis-à-vis all sectors (% of domestic bank deposits). Statizoid updates them automatically from the source API.
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About this data
Data is from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.