Financial Markets Depth Index in Nigeria
Nigeria: Financial Markets Depth Index was 0.0686 in 2020. ◆ Volatile
Financial Markets Depth Index in Nigeria, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial markets depth index in Nigeria is 0.0686, measured in 2020.
The figure is up 15.7% on the previous year and up 38.3% over ten years.
Over the whole period, financial markets depth index in Nigeria peaked at 0.1094 in 2007 and was at its lowest, 0.0148, in 1999.
Nigeria ranks 98th of 183 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.
Financial Markets Depth Index in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.0226 | — |
| 1981 | 0.0225 | -0.6% |
| 1982 | 0.0237 | +5.4% |
| 1983 | 0.0208 | -12.3% |
| 1984 | 0.0244 | +17.7% |
| 1985 | 0.024 | -1.8% |
| 1986 | 0.0267 | +11.4% |
| 1987 | 0.023 | -13.7% |
| 1988 | 0.022 | -4.4% |
| 1989 | 0.0186 | -15.5% |
| 1990 | 0.0177 | -5.1% |
| 1991 | 0.0177 | +0.1% |
| 1992 | 0.0229 | +29.5% |
| 1993 | 0.0202 | -11.9% |
| 1994 | 0.0231 | +14.4% |
| 1995 | 0.0448 | +94.2% |
| 1996 | 0.0643 | +43.4% |
| 1997 | 0.0614 | -4.5% |
| 1998 | 0.0522 | -15.0% |
| 1999 | 0.0148 | -71.6% |
| 2000 | 0.0148 | +0.0% |
| 2001 | 0.0148 | +0.0% |
| 2002 | 0.0151 | +1.9% |
| 2003 | 0.0184 | +21.5% |
| 2004 | 0.0426 | +132.1% |
| 2005 | 0.0437 | +2.5% |
| 2006 | 0.0484 | +10.8% |
| 2007 | 0.1094 | +126.1% |
| 2008 | 0.0636 | -41.9% |
| 2009 | 0.0436 | -31.3% |
| 2010 | 0.0496 | +13.6% |
| 2011 | 0.0386 | -22.2% |
| 2012 | 0.0441 | +14.3% |
| 2013 | 0.0618 | +40.1% |
| 2014 | 0.0582 | -5.7% |
| 2015 | 0.0599 | +2.8% |
| 2016 | 0.0594 | -0.8% |
| 2017 | 0.0719 | +21.1% |
| 2018 | 0.0587 | -18.4% |
| 2019 | 0.0593 | +0.9% |
| 2020 | 0.0686 | +15.7% |
Nigeria compared with similar countries
- Nigeria's 0.0686 is above the median for lower middle income countries, which is 0.0424, 1.6× the median. (45 countries reporting)
- Nigeria's 0.0686 is above the median for Sub-Saharan Africa, which is 0.0249, 2.8× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Financial Markets Depth 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 |
|---|---|---|---|
| 2004 | +132.1% | 0.0184 | 0.0426 |
| 2007 | +126.1% | 0.0484 | 0.1094 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0228 | 0.0186 | 0.0267 | 10 |
| 1990s | 0.0339 | 0.0148 | 0.0643 | 10 |
| 2000s | 0.0414 | 0.0148 | 0.1094 | 10 |
| 2010s | 0.0561 | 0.0386 | 0.0719 | 10 |
| 2020s | 0.0686 | 0.0686 | 0.0686 | 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 depth index in Nigeria?
- Financial markets depth index in Nigeria was 0.0686 in 2020, according to International Monetary Fund.
- What is the highest financial markets depth index recorded in Nigeria?
- The highest recorded value was 0.1094 in 2007.
- What is the lowest financial markets depth index recorded in Nigeria?
- The lowest recorded value was 0.0148 in 1999.
- How does Nigeria rank for financial markets depth index?
- Nigeria ranks 98th out of 183 countries with data for 2020.
- Is financial markets depth index rising or falling in Nigeria?
- Over the last ten years it is up 38.3%. 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 Financial Markets Depth Index. Statizoid updates them automatically from the source API.
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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.