Money (Depository Corporations Survey, Domestic currency), per capita in Nigeria
Nigeria: Money (Depository Corporations Survey, Domestic currency), per capita was 29,685 units per person in 2008. ◆ Volatile
Money (Depository Corporations Survey, Domestic currency), per capita in Nigeria, 1960–2008
Source: Statizoid (derived). Measured in units per person.
Analysis
In 2008, money (depository corporations survey, domestic currency), per capita in Nigeria stood at 29,685 units per person. That is the highest value across all 49 years on record.
The figure is up 43.8% on the previous year and up 987.0% over ten years.
Over the whole period, money (depository corporations survey, domestic currency), per capita in Nigeria peaked at 29,685 units per person in 2008 and was at its lowest, 4.91 units per person, in 1960.
Nigeria ranks 77th of 160 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.
Money (Depository Corporations Survey, Domestic currency), per capita in Nigeria, year by year
| Year | units per person | Change |
|---|---|---|
| 1960 | 4.91 units per person | — |
| 1961 | 4.99 units per person | +1.6% |
| 1962 | 5.38 units per person | +7.8% |
| 1963 | 5.6 units per person | +4.1% |
| 1964 | 6.48 units per person | +15.7% |
| 1965 | 6.55 units per person | +1.0% |
| 1966 | 6.98 units per person | +6.6% |
| 1967 | 6.17 units per person | -11.5% |
| 1968 | 6.34 units per person | +2.6% |
| 1969 | 8.19 units per person | +29.2% |
| 1970 | 11.5 units per person | +40.4% |
| 1971 | 11.71 units per person | +1.9% |
| 1972 | 12.75 units per person | +8.9% |
| 1973 | 13.12 units per person | +2.9% |
| 1974 | 26.25 units per person | +100.1% |
| 1975 | 38.84 units per person | +47.9% |
| 1976 | 57.13 units per person | +47.1% |
| 1977 | 80.61 units per person | +41.1% |
| 1978 | 73.57 units per person | -8.7% |
| 1979 | 85.97 units per person | +16.8% |
| 1980 | 125.08 units per person | +45.5% |
| 1981 | 128.1 units per person | +2.4% |
| 1982 | 128.21 units per person | +0.1% |
| 1983 | 140.26 units per person | +9.4% |
| 1984 | 147.88 units per person | +5.4% |
| 1985 | 155.8 units per person | +5.4% |
| 1986 | 145.16 units per person | -6.8% |
| 1987 | 166.38 units per person | +14.6% |
| 1988 | 233.06 units per person | +40.1% |
| 1989 | 282.07 units per person | +21.0% |
| 1990 | 355.64 units per person | +26.1% |
| 1991 | 488.44 units per person | +37.3% |
| 1992 | 774.36 units per person | +58.5% |
| 1993 | 1,184 units per person | +52.8% |
| 1994 | 1,653 units per person | +39.7% |
| 1995 | 1,872 units per person | +13.3% |
| 1996 | 2,071 units per person | +10.6% |
| 1997 | 2,356 units per person | +13.8% |
| 1998 | 2,731 units per person | +15.9% |
| 1999 | 3,258 units per person | +19.3% |
| 2000 | 5,141 units per person | +57.8% |
| 2001 | 6,239 units per person | +21.4% |
| 2002 | 6,762 units per person | +8.4% |
| 2003 | 7,335 units per person | +8.5% |
| 2004 | 8,495 units per person | +15.8% |
| 2005 | 10,505 units per person | +23.7% |
| 2006 | 12,229 units per person | +16.4% |
| 2007 | 20,646 units per person | +68.8% |
| 2008 | 29,685 units per person | +43.8% |
Nigeria compared with similar countries
- Nigeria's 29,685 units per person is below the median for lower middle income countries, which is 35,525 units per person, 84% of the median. (43 countries reporting)
- Nigeria's 29,685 units per person is below the median for Sub-Saharan Africa, which is 49,068 units per person, 60% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.16 units per person | 4.91 units per person | 8.19 units per person | 10 |
| 1970s | 41.15 units per person | 11.5 units per person | 85.97 units per person | 10 |
| 1980s | 165.2 units per person | 125.08 units per person | 282.07 units per person | 10 |
| 1990s | 1,674 units per person | 355.64 units per person | 3,258 units per person | 10 |
| 2000s | 11,893 units per person | 5,141 units per person | 29,685 units per person | 9 |
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 money (depository corporations survey, domestic currency), per capita in Nigeria?
- Money (depository corporations survey, domestic currency), per capita in Nigeria was 29,685 units per person in 2008, according to Statizoid (derived).
- What is the highest money (depository corporations survey, domestic currency), per capita recorded in Nigeria?
- The highest recorded value was 29,685 units per person in 2008.
- What is the lowest money (depository corporations survey, domestic currency), per capita recorded in Nigeria?
- The lowest recorded value was 4.91 units per person in 1960.
- How does Nigeria rank for money (depository corporations survey, domestic currency), per capita?
- Nigeria ranks 77th out of 160 countries with data for 2008.
- Is money (depository corporations survey, domestic currency), per capita rising or falling in Nigeria?
- Over the last ten years it is up 987.0%. 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), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Money (Depository Corporations Survey, Domestic currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Money (Depository Corporations Survey, Domestic currency) ÷ Population, total
Computed from
- Money International Monetary Fund
- Population, total World Population Prospects, United Nations (UN)
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
Money (Depository Corporations Survey, Domestic currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.