Financial Markets Access Index in Nigeria
Nigeria: Financial Markets Access Index was 0.4898 in 2020. ▲ Rising
Financial Markets Access Index in Nigeria, 1980–2020
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.
Financial Markets Access Index in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.3242 | — |
| 1981 | 0.3224 | -0.6% |
| 1982 | 0.3397 | +5.4% |
| 1983 | 0.2978 | -12.3% |
| 1984 | 0.3504 | +17.7% |
| 1985 | 0.3441 | -1.8% |
| 1986 | 0.3832 | +11.4% |
| 1987 | 0.3306 | -13.7% |
| 1988 | 0.316 | -4.4% |
| 1989 | 0.2671 | -15.5% |
| 1990 | 0.2536 | -5.1% |
| 1991 | 0.2538 | +0.1% |
| 1992 | 0.3287 | +29.5% |
| 1993 | 0.2897 | -11.9% |
| 1994 | 0.3352 | +15.7% |
| 1995 | 0.3563 | +6.3% |
| 1996 | 0.4054 | +13.8% |
| 1997 | 0.4863 | +20.0% |
| 1998 | 0.5017 | +3.2% |
| 1999 | 0.5017 | +0.0% |
| 2000 | 0.5017 | +0.0% |
| 2001 | 0.5017 | +0.0% |
| 2002 | 0.5017 | +0.0% |
| 2003 | 0.5018 | +0.0% |
| 2004 | 0.5017 | -0.0% |
| 2005 | 0.4827 | -3.8% |
| 2006 | 0.5017 | +3.9% |
| 2007 | 0.5018 | +0.0% |
| 2008 | 0.5018 | +0.0% |
| 2009 | 0.5008 | -0.2% |
| 2010 | 0.5025 | +0.3% |
| 2011 | 0.4552 | -9.4% |
| 2012 | 0.4478 | -1.6% |
| 2013 | 0.4859 | +8.5% |
| 2014 | 0.4766 | -1.9% |
| 2015 | 0.4854 | +1.9% |
| 2016 | 0.5021 | +3.4% |
| 2017 | 0.5075 | +1.1% |
| 2018 | 0.4883 | -3.8% |
| 2019 | 0.492 | +0.8% |
| 2020 | 0.4898 | -0.4% |
Biggest year-on-year movements
Years where Financial Markets Access Index in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +29.5% | 0.2538 | 0.3287 |
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
- 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 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 · JSON — 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.