Loans from nonresident banks (net) to GDP in Nigeria
Nigeria: Loans from nonresident banks (net) to GDP was 0.1% in 2021. ◆ Volatile
Loans from nonresident banks (net) to GDP in Nigeria, 2002–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
The most recent figure for loans from nonresident banks (net) to gdp in Nigeria is 0.1%, measured in 2021.
Compared with earlier readings it is up 584.9% on the previous year and down 57.4% over ten years.
Over the whole period, loans from nonresident banks (net) to gdp in Nigeria peaked at 1.1% in 2017 and was at its lowest, -0.6%, in 2002.
Nigeria ranks 55th of 98 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.
Loans from nonresident banks (net) to GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2002 | -0.6% | — |
| 2006 | -0.6% | -2.5% |
| 2013 | 0.2% | -130.4% |
| 2014 | 0.1% | -70.6% |
| 2015 | 0.0% | -83.5% |
| 2016 | 0.3% | +3700.4% |
| 2017 | 1.1% | +207.5% |
| 2018 | 0.8% | -27.2% |
| 2019 | -0.1% | -110.8% |
| 2020 | -0.0% | -80.3% |
| 2021 | 0.1% | -584.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.6% | -0.6% | -0.6% | 2 |
| 2010s | 0.3% | -0.1% | 1.1% | 7 |
| 2020s | 0.0% | -0.0% | 0.1% | 2 |
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)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is loans from nonresident banks (net) to gdp in Nigeria?
- Loans from nonresident banks (net) to gdp in Nigeria was 0.1% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (net) to gdp recorded in Nigeria?
- The highest recorded value was 1.1% in 2017.
- What is the lowest loans from nonresident banks (net) to gdp recorded in Nigeria?
- The lowest recorded value was -0.6% in 2002.
- How does Nigeria rank for loans from nonresident banks (net) to gdp?
- Nigeria ranks 55th out of 98 countries with data for 2021.
- Is loans from nonresident banks (net) to gdp rising or falling in Nigeria?
- Over the last ten years it is down 57.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (net) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of net offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 12A (Net Issues): International debt securities - all issuers.