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 170th out of 186 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.
Liquid liabilities to GDP (%) in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 9.2% | — |
| 1961 | 9.4% | +2.1% |
| 1962 | 9.5% | +0.9% |
| 1963 | 9.8% | +3.3% |
| 1964 | 10.9% | +10.8% |
| 1965 | 11.2% | +2.8% |
| 1966 | 11.4% | +2.4% |
| 1967 | 12.2% | +6.9% |
| 1968 | 14.1% | +15.0% |
| 1969 | 14.0% | -0.5% |
| 1970 | 10.9% | -21.8% |
| 1971 | 10.0% | -8.1% |
| 1972 | 10.9% | +8.7% |
| 1973 | 11.2% | +2.5% |
| 1974 | 13.2% | +18.2% |
| 1975 | 17.6% | +33.0% |
| 1976 | 19.9% | +13.4% |
| 1977 | 22.9% | +14.6% |
| 1978 | 20.9% | -8.7% |
| 1979 | 23.0% | +10.0% |
| 1980 | 28.6% | +24.7% |
| 1981 | 10.9% | -61.8% |
| 1982 | 11.2% | +2.4% |
| 1983 | 12.0% | +7.1% |
| 1984 | 12.8% | +6.8% |
| 1985 | 12.3% | -3.8% |
| 1986 | 11.9% | -3.3% |
| 1987 | 11.8% | -0.9% |
| 1988 | 12.2% | +3.0% |
| 1989 | 10.5% | -14.1% |
| 1990 | 11.6% | +11.3% |
| 1991 | 13.4% | +15.2% |
| 1992 | 14.2% | +6.3% |
| 1993 | 15.8% | +10.8% |
| 1994 | 15.1% | -4.4% |
| 1995 | 10.3% | -31.9% |
| 1996 | 9.1% | -11.9% |
| 1997 | 9.7% | +7.3% |
| 1998 | 10.9% | +12.5% |
| 1999 | 12.8% | +16.7% |
| 2000 | 14.7% | +14.9% |
| 2001 | 15.9% | +8.4% |
| 2002 | 13.5% | -14.9% |
| 2003 | 13.0% | -3.7% |
| 2004 | 11.8% | -9.7% |
| 2005 | 11.3% | -3.9% |
| 2006 | 11.7% | +3.8% |
| 2007 | 16.9% | +43.9% |
| 2008 | 22.3% | +32.4% |
| 2009 | 25.1% | +12.5% |
| 2010 | 20.7% | -17.7% |
| 2011 | 22.0% | +6.4% |
| 2012 | 24.5% | +11.5% |
| 2013 | 25.2% | +2.5% |
| 2014 | 22.4% | -10.9% |
| 2015 | 22.1% | -1.3% |
| 2016 | 27.4% | +23.7% |
| 2017 | 24.8% | -9.5% |
| 2018 | 25.4% | +2.3% |
| 2019 | 23.9% | -5.6% |
| 2020 | 25.2% | +5.4% |
| 2021 | 24.9% | -1.3% |
Nigeria compared with similar countries
- Nigeria's 24.9% is below the median for lower middle income countries, which is 39.9%, 62% of the median. (46 countries reporting)
- Nigeria's 24.9% is below the median for Sub-Saharan Africa, which is 29.1%, 85% of the median. (47 countries reporting)
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
- 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 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 170th out of 186 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.