Money (Depository Corporations Survey, Domestic currency), per unit in Nigeria
Nigeria: Money (Depository Corporations Survey, Domestic currency), per unit was 13.78 units per US$ of GDP in 2008. ◆ Volatile
Money (Depository Corporations Survey, Domestic currency), per unit in Nigeria, 1960–2008
Source: Statizoid (derived). Measured in units per US$ of GDP.
Analysis
The most recent figure for money (depository corporations survey, domestic currency), per unit in Nigeria is 13.78 units per US$ of GDP, measured in 2008. That is the highest value across all 49 years on record.
That represents a change of up 21.2% on the previous year and up 819.6% over ten years.
Over the whole period, money (depository corporations survey, domestic currency), per unit in Nigeria peaked at 13.78 units per US$ of GDP in 2008 and was at its lowest, 0.0512 units per US$ of GDP, in 1970.
That places Nigeria 61st out of 158 countries with data for 2008, putting it 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 unit in Nigeria, year by year
| Year | units per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0527 units per US$ of GDP | — |
| 1961 | 0.0514 units per US$ of GDP | -2.6% |
| 1962 | 0.0515 units per US$ of GDP | +0.2% |
| 1963 | 0.052 units per US$ of GDP | +1.1% |
| 1964 | 0.0572 units per US$ of GDP | +10.0% |
| 1965 | 0.0558 units per US$ of GDP | -2.4% |
| 1966 | 0.0561 units per US$ of GDP | +0.5% |
| 1967 | 0.062 units per US$ of GDP | +10.6% |
| 1968 | 0.0651 units per US$ of GDP | +4.9% |
| 1969 | 0.0674 units per US$ of GDP | +3.6% |
| 1970 | 0.0512 units per US$ of GDP | -24.0% |
| 1971 | 0.073 units per US$ of GDP | +42.5% |
| 1972 | 0.0609 units per US$ of GDP | -16.6% |
| 1973 | 0.052 units per US$ of GDP | -14.6% |
| 1974 | 0.0652 units per US$ of GDP | +25.4% |
| 1975 | 0.0887 units per US$ of GDP | +36.0% |
| 1976 | 0.1027 units per US$ of GDP | +15.8% |
| 1977 | 0.1504 units per US$ of GDP | +46.5% |
| 1978 | 0.1396 units per US$ of GDP | -7.2% |
| 1979 | 0.1301 units per US$ of GDP | -6.9% |
| 1980 | 0.1437 units per US$ of GDP | +10.5% |
| 1981 | 0.0592 units per US$ of GDP | -58.8% |
| 1982 | 0.0704 units per US$ of GDP | +18.8% |
| 1983 | 0.1162 units per US$ of GDP | +65.1% |
| 1984 | 0.1661 units per US$ of GDP | +42.9% |
| 1985 | 0.1794 units per US$ of GDP | +8.0% |
| 1986 | 0.2311 units per US$ of GDP | +28.8% |
| 1987 | 0.283 units per US$ of GDP | +22.5% |
| 1988 | 0.432 units per US$ of GDP | +52.6% |
| 1989 | 0.606 units per US$ of GDP | +40.3% |
| 1990 | 0.6392 units per US$ of GDP | +5.5% |
| 1991 | 0.8182 units per US$ of GDP | +28.0% |
| 1992 | 1.52 units per US$ of GDP | +86.1% |
| 1993 | 2.19 units per US$ of GDP | +44.1% |
| 1994 | 2.22 units per US$ of GDP | +1.2% |
| 1995 | 1.47 units per US$ of GDP | -33.7% |
| 1996 | 1.27 units per US$ of GDP | -13.9% |
| 1997 | 1.37 units per US$ of GDP | +8.0% |
| 1998 | 1.5 units per US$ of GDP | +9.4% |
| 1999 | 6.78 units per US$ of GDP | +352.2% |
| 2000 | 9.39 units per US$ of GDP | +38.6% |
| 2001 | 11.01 units per US$ of GDP | +17.3% |
| 2002 | 9.5 units per US$ of GDP | -13.8% |
| 2003 | 9.61 units per US$ of GDP | +1.2% |
| 2004 | 8.83 units per US$ of GDP | -8.1% |
| 2005 | 8.67 units per US$ of GDP | -1.7% |
| 2006 | 7.65 units per US$ of GDP | -11.8% |
| 2007 | 11.37 units per US$ of GDP | +48.7% |
| 2008 | 13.78 units per US$ of GDP | +21.2% |
Nigeria compared with similar countries
- Nigeria's 13.78 units per US$ of GDP is above the median for lower middle income countries, which is 13.78 units per US$ of GDP, 1.0× the median. (43 countries reporting)
- Nigeria's 13.78 units per US$ of GDP is below the median for Sub-Saharan Africa, which is 49.19 units per US$ of GDP, 28% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Money (Depository Corporations Survey, Domestic currency), per unit 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 |
|---|---|---|---|
| 1999 | +352.2% | 1.5 units per US$ of GDP | 6.78 units per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0571 units per US$ of GDP | 0.0514 units per US$ of GDP | 0.0674 units per US$ of GDP | 10 |
| 1970s | 0.0914 units per US$ of GDP | 0.0512 units per US$ of GDP | 0.1504 units per US$ of GDP | 10 |
| 1980s | 0.2287 units per US$ of GDP | 0.0592 units per US$ of GDP | 0.606 units per US$ of GDP | 10 |
| 1990s | 1.98 units per US$ of GDP | 0.6392 units per US$ of GDP | 6.78 units per US$ of GDP | 10 |
| 2000s | 9.98 units per US$ of GDP | 7.65 units per US$ of GDP | 13.78 units per US$ of GDP | 9 |
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 (depository corporations survey, domestic currency), per unit in Nigeria?
- Money (depository corporations survey, domestic currency), per unit in Nigeria was 13.78 units per US$ of GDP in 2008, according to Statizoid (derived).
- What is the highest money (depository corporations survey, domestic currency), per unit recorded in Nigeria?
- The highest recorded value was 13.78 units per US$ of GDP in 2008.
- What is the lowest money (depository corporations survey, domestic currency), per unit recorded in Nigeria?
- The lowest recorded value was 0.0512 units per US$ of GDP in 1970.
- How does Nigeria rank for money (depository corporations survey, domestic currency), per unit?
- Nigeria ranks 61st out of 158 countries with data for 2008.
- Is money (depository corporations survey, domestic currency), per unit rising or falling in Nigeria?
- Over the last ten years it is up 819.6%. 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 unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Money (Depository Corporations Survey, Domestic currency) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Money (Depository Corporations Survey, Domestic currency) ÷ GDP (current US$)
Computed from
- Money International Monetary Fund
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.