Liquid liabilities to GDP in Nigeria
Nigeria: Liquid liabilities to GDP was 24.9% in 2021. ▲ Rising
Liquid liabilities to GDP in Nigeria, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for liquid liabilities to gdp in Nigeria is 24.9%, measured in 2021.
The figure is down 1.3% on the previous year and up 13.0% over ten years.
Over the whole period, liquid liabilities to gdp in Nigeria peaked at 28.6% in 1980 and was at its lowest, 9.1%, in 1996.
That places Nigeria 168th out of 184 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 62 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.2% | 9.2% | 14.1% | 10 |
| 1970s | 16.0% | 10.0% | 23.0% | 10 |
| 1980s | 13.4% | 10.5% | 28.6% | 10 |
| 1990s | 12.3% | 9.1% | 15.8% | 10 |
| 2000s | 15.6% | 11.3% | 25.1% | 10 |
| 2010s | 23.8% | 20.7% | 27.4% | 10 |
| 2020s | 25.1% | 24.9% | 25.2% | 2 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Domestic credit to private sector by banks 13.1% (2023)
- Total reserves in months of imports 7.12 (2025)
- Net domestic credit 66.12 trillion current LCU (2022)
- Net foreign assets 3.79 trillion current LCU (2022)
- Monetary Sector credit to private sector 9.6% (2022)
- Broad money 25.1% (2023)
- Claims on central government, etc. 8.6% (2022)
- Domestic credit to private sector 9.6% (2022)
- Official exchange rate 1,518 LCU per US$, period average (2025)
- Net migration -15,258 (2025)
Frequently asked questions
- What is liquid liabilities to gdp in Nigeria?
- Liquid liabilities to gdp in Nigeria was 24.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest liquid liabilities to gdp recorded in Nigeria?
- The highest recorded value was 28.6% in 1980.
- What is the lowest liquid liabilities to gdp recorded in Nigeria?
- The lowest recorded value was 9.1% in 1996.
- How does Nigeria rank for liquid liabilities to gdp?
- Nigeria ranks 168th out of 184 countries with data for 2021.
- Is liquid liabilities to gdp rising or falling in Nigeria?
- Over the last ten years it is up 13.0%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Liquid liabilities to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.