External loans and deposits of reporting banks vis-à-vis the in Nigeria
Nigeria: External loans and deposits of reporting banks vis-à-vis the was 11.7% in 2021. ◆ Volatile
External loans and deposits of reporting banks vis-à-vis the in Nigeria, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
Nigeria recorded 11.7% for external loans and deposits of reporting banks vis-à-vis the in 2021.
That represents a change of down 0.4% on the previous year and down 2.1% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis the in Nigeria peaked at 101.3% in 1995 and was at its lowest, 8.4%, in 2015.
Nigeria ranks 71st of 180 countries on this measure, 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 the in Nigeria, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 101.3% | — |
| 1996 | 84.2% | -17.0% |
| 1997 | 77.0% | -8.5% |
| 1998 | 68.6% | -10.9% |
| 1999 | 49.8% | -27.4% |
| 2000 | 44.1% | -11.4% |
| 2001 | 43.0% | -2.6% |
| 2002 | 34.5% | -19.7% |
| 2003 | 45.9% | +33.1% |
| 2004 | 35.4% | -23.0% |
| 2005 | 27.2% | -23.0% |
| 2006 | 22.4% | -17.8% |
| 2007 | 18.1% | -19.3% |
| 2008 | 10.1% | -44.4% |
| 2009 | 11.5% | +14.7% |
| 2010 | 11.8% | +2.6% |
| 2011 | 12.0% | +1.2% |
| 2012 | 10.6% | -11.8% |
| 2013 | 10.2% | -3.2% |
| 2014 | 9.7% | -5.6% |
| 2015 | 8.4% | -13.5% |
| 2016 | 9.4% | +12.7% |
| 2017 | 14.0% | +48.4% |
| 2018 | 15.8% | +13.2% |
| 2019 | 14.4% | -8.9% |
| 2020 | 11.8% | -18.3% |
| 2021 | 11.7% | -0.4% |
Nigeria compared with similar countries
- Nigeria's 11.7% is above the median for lower middle income countries, which is 9.5%, 1.2× the median. (46 countries reporting)
- Nigeria's 11.7% is below the median for Sub-Saharan Africa, which is 12.9%, 91% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 76.2% | 49.8% | 101.3% | 5 |
| 2000s | 29.2% | 10.1% | 45.9% | 10 |
| 2010s | 11.6% | 8.4% | 15.8% | 10 |
| 2020s | 11.7% | 11.7% | 11.8% | 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 the in Nigeria?
- External loans and deposits of reporting banks vis-à-vis the in Nigeria was 11.7% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis the recorded in Nigeria?
- The highest recorded value was 101.3% in 1995.
- What is the lowest external loans and deposits of reporting banks vis-à-vis the recorded in Nigeria?
- The lowest recorded value was 8.4% in 2015.
- How does Nigeria rank for external loans and deposits of reporting banks vis-à-vis the?
- Nigeria ranks 71st out of 180 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis the rising or falling in Nigeria?
- Over the last ten years it is down 2.1%. 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 the nonbanking 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 7B: External loans and deposits of reporting banks vis-à-vis nonbanking sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.