Financial Markets Access Index in Nigeria
Nigeria: Financial Markets Access Index was 0.4898 in 2020. β² Rising
Financial Markets Access Index in Nigeria, 1980β2020
Source: International Monetary Fund.
Analysis
Nigeria recorded 0.4898 for financial markets access index in 2020.
The figure is down 0.4% on the previous year and down 2.5% over ten years.
Over the whole period, financial markets access index in Nigeria peaked at 0.5075 in 2017 and was at its lowest, 0.2536, in 1990.
Nigeria ranks 44th of 183 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3275 | 0.2671 | 0.3832 | 10 |
| 1990s | 0.3712 | 0.2536 | 0.5017 | 10 |
| 2000s | 0.4997 | 0.4827 | 0.5018 | 10 |
| 2010s | 0.4843 | 0.4478 | 0.5075 | 10 |
| 2020s | 0.4898 | 0.4898 | 0.4898 | 1 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is financial markets access index in Nigeria?
- Financial markets access index in Nigeria was 0.4898 in 2020, according to International Monetary Fund.
- What is the highest financial markets access index recorded in Nigeria?
- The highest recorded value was 0.5075 in 2017.
- What is the lowest financial markets access index recorded in Nigeria?
- The lowest recorded value was 0.2536 in 1990.
- How does Nigeria rank for financial markets access index?
- Nigeria ranks 44th out of 183 countries with data for 2020.
- Is financial markets access index rising or falling in Nigeria?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Financial Markets Access Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.