Financial Markets Efficiency Index in Nigeria
Nigeria: Financial Markets Efficiency Index was 0.0542 in 2020. β Volatile
Financial Markets Efficiency Index in Nigeria, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial markets efficiency index in Nigeria is 0.0542, measured in 2020.
That represents a change of down 29.1% on the previous year and down 56.6% over ten years.
Over the whole period, financial markets efficiency index in Nigeria peaked at 0.4294 in 2008 and was at its lowest, 0.0133, in 1995.
That places Nigeria 63rd out of 183 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0197 | 0.016 | 0.023 | 10 |
| 1990s | 0.0299 | 0.0133 | 0.0729 | 10 |
| 2000s | 0.1417 | 0.0473 | 0.4294 | 10 |
| 2010s | 0.101 | 0.0661 | 0.1247 | 10 |
| 2020s | 0.0542 | 0.0542 | 0.0542 | 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)
- Domestic credit to private sector by banks 13.1% (2023)
Frequently asked questions
- What is financial markets efficiency index in Nigeria?
- Financial markets efficiency index in Nigeria was 0.0542 in 2020, according to International Monetary Fund.
- What is the highest financial markets efficiency index recorded in Nigeria?
- The highest recorded value was 0.4294 in 2008.
- What is the lowest financial markets efficiency index recorded in Nigeria?
- The lowest recorded value was 0.0133 in 1995.
- How does Nigeria rank for financial markets efficiency index?
- Nigeria ranks 63rd out of 183 countries with data for 2020.
- Is financial markets efficiency index rising or falling in Nigeria?
- Over the last ten years it is down 56.6%. 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 Efficiency 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.