Money and quasi money (M2), flow (current LCU) in Nigeria
Nigeria: Money and quasi money (M2), flow (current LCU) was 931.10 billion current LCU in 2011. ◆ Volatile
Latest (2011)
931.10 billion current LCU
Change on year
up 118.7%
World rank
5th
of 52 countries
All-time high
3.07 trillion current LCU
in 2008
All-time low
-4.99 trillion current LCU
in 2010
Years of data
51
1961–2011
Money and quasi money (M2), flow in Nigeria, 1961–2011
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current LCU.
Analysis
Nigeria recorded 931.10 billion current LCU for money and quasi money (m2), flow in 2011.
That represents a change of up 118.7% on the previous year and up 240.7% over ten years.
Over the whole period, money and quasi money (m2), flow in Nigeria peaked at 3.07 trillion current LCU in 2008 and was at its lowest, -4.99 trillion current LCU, in 2010.
Nigeria ranks 5th of 52 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Money and quasi money (M2), flow (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1961 | 24.00 million current LCU | — |
| 1962 | 32.80 million current LCU | +36.7% |
| 1963 | 28.90 million current LCU | -11.9% |
| 1964 | 69.10 million current LCU | +139.1% |
| 1965 | 37.70 million current LCU | -45.4% |
| 1966 | 51.30 million current LCU | +36.1% |
| 1967 | -65.80 million current LCU | -228.3% |
| 1968 | 68.10 million current LCU | -203.5% |
| 1969 | 140.60 million current LCU | +106.5% |
| 1970 | 316.60 million current LCU | +125.2% |
| 1971 | 62.60 million current LCU | -80.2% |
| 1972 | 162.30 million current LCU | +159.3% |
| 1973 | 165.90 million current LCU | +2.2% |
| 1974 | 1.22 billion current LCU | +636.6% |
| 1975 | 1.44 billion current LCU | +18.1% |
| 1976 | 1.67 billion current LCU | +15.9% |
| 1977 | 1.97 billion current LCU | +17.6% |
| 1978 | -154.30 million current LCU | -107.8% |
| 1979 | 2.33 billion current LCU | -1608.6% |
| 1980 | 4.54 billion current LCU | +95.1% |
| 1981 | 849.00 million current LCU | -81.3% |
| 1982 | 1.45 billion current LCU | +71.3% |
| 1983 | 2.34 billion current LCU | +60.9% |
| 1984 | 2.21 billion current LCU | -5.6% |
| 1985 | 1.91 billion current LCU | -13.5% |
| 1986 | 452.20 million current LCU | -76.3% |
| 1987 | 5.29 billion current LCU | +1069.9% |
| 1988 | 9.51 billion current LCU | +79.8% |
| 1989 | 4.97 billion current LCU | -47.8% |
| 1990 | 14.18 billion current LCU | +185.6% |
| 1991 | 21.51 billion current LCU | +51.7% |
| 1992 | 50.02 billion current LCU | +132.5% |
| 1993 | 69.39 billion current LCU | +38.7% |
| 1994 | 68.47 billion current LCU | -1.3% |
| 1995 | 51.82 billion current LCU | -24.3% |
| 1996 | 51.57 billion current LCU | -0.5% |
| 1997 | 59.40 billion current LCU | +15.2% |
| 1998 | 95.91 billion current LCU | +61.5% |
| 1999 | 174.10 billion current LCU | +81.5% |
| 2000 | 336.35 billion current LCU | +93.2% |
| 2001 | 273.29 billion current LCU | -18.7% |
| 2002 | 246.44 billion current LCU | -9.8% |
| 2003 | 210.21 billion current LCU | -14.7% |
| 2004 | 365.16 billion current LCU | +73.7% |
| 2005 | 481.72 billion current LCU | +31.9% |
| 2006 | 949.80 billion current LCU | +97.2% |
| 2007 | 2.29 trillion current LCU | +141.0% |
| 2008 | 3.07 trillion current LCU | +34.4% |
| 2009 | 1.28 trillion current LCU | -58.2% |
| 2010 | -4.99 trillion current LCU | -488.5% |
| 2011 | 931.10 billion current LCU | -118.7% |
Nigeria compared with similar countries
- Nigeria's 931.10 billion current LCU is above the median for lower middle income countries, which is 68.42 billion current LCU, 13.6× the median. (24 countries reporting)
- Nigeria's 931.10 billion current LCU is above the median for Sub-Saharan Africa, which is 49.09 billion current LCU, 19.0× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Money and quasi money (M2), flow (current LCU) 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 |
|---|---|---|---|
| 1979 | +1608.6% | -154.30 million current LCU | 2.33 billion current LCU |
| 1987 | +1069.9% | 452.20 million current LCU | 5.29 billion current LCU |
| 1974 | +636.6% | 165.90 million current LCU | 1.22 billion current LCU |
| 2010 | -488.5% | 1.28 trillion current LCU | -4.99 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 42.97 million current LCU | -65.80 million current LCU | 140.60 million current LCU | 9 |
| 1970s | 918.61 million current LCU | -154.30 million current LCU | 2.33 billion current LCU | 10 |
| 1980s | 3.35 billion current LCU | 452.20 million current LCU | 9.51 billion current LCU | 10 |
| 1990s | 65.64 billion current LCU | 14.18 billion current LCU | 174.10 billion current LCU | 10 |
| 2000s | 951.10 billion current LCU | 210.21 billion current LCU | 3.07 trillion current LCU | 10 |
| 2010s | -2.03 trillion current LCU | -4.99 trillion current LCU | 931.10 billion current LCU | 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 money and quasi money (m2), flow in Nigeria?
- Money and quasi money (m2), flow in Nigeria was 931.10 billion current LCU in 2011, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest money and quasi money (m2), flow recorded in Nigeria?
- The highest recorded value was 3.07 trillion current LCU in 2008.
- What is the lowest money and quasi money (m2), flow recorded in Nigeria?
- The lowest recorded value was -4.99 trillion current LCU in 2010.
- How does Nigeria rank for money and quasi money (m2), flow?
- Nigeria ranks 5th out of 52 countries with data for 2011.
- Is money and quasi money (m2), flow rising or falling in Nigeria?
- Over the last ten years it is up 240.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, International Financial Statistics and data files, published as part of Money and quasi money (M2), flow (current LCU). Statizoid updates them automatically from the source API.
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About this data
Money and quasi money (M2), flow (current LCU) is the sum of currency outside banks, demand deposits other than those of the central government, and the time, savings, and foreign currency deposits of resident sectors other than the central government.