Money (Depository Corporations Survey, Domestic currency), annual in Nigeria
Nigeria: Money (Depository Corporations Survey, Domestic currency), annual was 47.84 % change on previous year in 2008. ◆ Volatile
Money (Depository Corporations Survey, Domestic currency), annual in Nigeria, 1952–2008
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 47.84 % change on previous year for money (depository corporations survey, domestic currency), annual in 2008.
The figure is down 35.0% on the previous year and up 152.1% over ten years.
Over the whole period, money (depository corporations survey, domestic currency), annual in Nigeria peaked at 105.47 % change on previous year in 1974 and was at its lowest, -9.63 % change on previous year, in 1967.
Nigeria ranks 5th of 162 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 (Depository Corporations Survey, Domestic currency), annual in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1952 | 10.08 % change on previous year | — |
| 1953 | 14.51 % change on previous year | +44.0% |
| 1954 | 3.57 % change on previous year | -75.4% |
| 1955 | 3.68 % change on previous year | +3.2% |
| 1956 | 4.93 % change on previous year | +33.8% |
| 1957 | 9.72 % change on previous year | +97.3% |
| 1958 | 0.8955 % change on previous year | -90.8% |
| 1959 | 5.47 % change on previous year | +511.2% |
| 1960 | 3.41 % change on previous year | -37.6% |
| 1961 | 3.71 % change on previous year | +8.6% |
| 1962 | 10.11 % change on previous year | +172.8% |
| 1963 | 6.37 % change on previous year | -37.0% |
| 1964 | 18.2 % change on previous year | +185.5% |
| 1965 | 3.24 % change on previous year | -82.2% |
| 1966 | 8.94 % change on previous year | +175.5% |
| 1967 | -9.63 % change on previous year | -207.8% |
| 1968 | 4.86 % change on previous year | -150.5% |
| 1969 | 32.14 % change on previous year | +560.9% |
| 1970 | 43.66 % change on previous year | +35.8% |
| 1971 | 4.28 % change on previous year | -90.2% |
| 1972 | 11.52 % change on previous year | +169.2% |
| 1973 | 5.46 % change on previous year | -52.6% |
| 1974 | 105.47 % change on previous year | +1831.8% |
| 1975 | 52.1 % change on previous year | -50.6% |
| 1976 | 51.38 % change on previous year | -1.4% |
| 1977 | 45.37 % change on previous year | -11.7% |
| 1978 | -5.89 % change on previous year | -113.0% |
| 1979 | 20.51 % change on previous year | -447.9% |
| 1980 | 50.11 % change on previous year | +144.3% |
| 1981 | 5.61 % change on previous year | -88.8% |
| 1982 | 3.12 % change on previous year | -44.5% |
| 1983 | 12.28 % change on previous year | +293.7% |
| 1984 | 8.17 % change on previous year | -33.5% |
| 1985 | 8.38 % change on previous year | +2.7% |
| 1986 | -4.27 % change on previous year | -150.9% |
| 1987 | 17.71 % change on previous year | -515.1% |
| 1988 | 43.88 % change on previous year | +147.7% |
| 1989 | 24.33 % change on previous year | -44.5% |
| 1990 | 29.54 % change on previous year | +21.4% |
| 1991 | 41.02 % change on previous year | +38.9% |
| 1992 | 62.75 % change on previous year | +53.0% |
| 1993 | 56.95 % change on previous year | -9.2% |
| 1994 | 43.42 % change on previous year | -23.8% |
| 1995 | 16.29 % change on previous year | -62.5% |
| 1996 | 13.53 % change on previous year | -17.0% |
| 1997 | 16.78 % change on previous year | +24.0% |
| 1998 | 18.98 % change on previous year | +13.1% |
| 1999 | 22.46 % change on previous year | +18.4% |
| 2000 | 62.09 % change on previous year | +176.4% |
| 2001 | 24.7 % change on previous year | -60.2% |
| 2002 | 11.4 % change on previous year | -53.9% |
| 2003 | 11.5 % change on previous year | +0.9% |
| 2004 | 19.06 % change on previous year | +65.7% |
| 2005 | 27.14 % change on previous year | +42.4% |
| 2006 | 19.67 % change on previous year | -27.5% |
| 2007 | 73.58 % change on previous year | +274.1% |
| 2008 | 47.84 % change on previous year | -35.0% |
Nigeria compared with similar countries
- Nigeria's 47.84 % change on previous year is above the median for lower middle income countries, which is 18.32 % change on previous year, 2.6× the median. (43 countries reporting)
- Nigeria's 47.84 % change on previous year is above the median for Sub-Saharan Africa, which is 20.29 % change on previous year, 2.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Money (Depository Corporations Survey, Domestic currency), annual 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 |
|---|---|---|---|
| 1974 | +1831.8% | 5.46 % change on previous year | 105.47 % change on previous year |
| 1969 | +560.9% | 4.86 % change on previous year | 32.14 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 6.61 % change on previous year | 0.8955 % change on previous year | 14.51 % change on previous year | 8 |
| 1960s | 8.14 % change on previous year | -9.63 % change on previous year | 32.14 % change on previous year | 10 |
| 1970s | 33.39 % change on previous year | -5.89 % change on previous year | 105.47 % change on previous year | 10 |
| 1980s | 16.93 % change on previous year | -4.27 % change on previous year | 50.11 % change on previous year | 10 |
| 1990s | 32.17 % change on previous year | 13.53 % change on previous year | 62.75 % change on previous year | 10 |
| 2000s | 33 % change on previous year | 11.4 % change on previous year | 73.58 % change on previous year | 9 |
Countries ranked near Nigeria
- 2 Somalia 207.75 % change on previous year compare
- 3 Iceland 102.77 % change on previous year compare
- 4 Venezuela 72.89 % change on previous year compare
- 6 Sao Tome and Principe 47.68 % change on previous year compare
- 7 Bhutan 45.32 % change on previous year compare
- 8 Azerbaijan 40.95 % change on previous year compare
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 money (depository corporations survey, domestic currency), annual in Nigeria?
- Money (depository corporations survey, domestic currency), annual in Nigeria was 47.84 % change on previous year in 2008, according to Statizoid (derived).
- What is the highest money (depository corporations survey, domestic currency), annual recorded in Nigeria?
- The highest recorded value was 105.47 % change on previous year in 1974.
- What is the lowest money (depository corporations survey, domestic currency), annual recorded in Nigeria?
- The lowest recorded value was -9.63 % change on previous year in 1967.
- How does Nigeria rank for money (depository corporations survey, domestic currency), annual?
- Nigeria ranks 5th out of 162 countries with data for 2008.
- Is money (depository corporations survey, domestic currency), annual rising or falling in Nigeria?
- Over the last ten years it is up 152.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Money (Depository Corporations Survey, Domestic currency), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 57 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Money (Depository Corporations Survey, Domestic currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Money International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Money (Depository Corporations Survey, Domestic currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.