Money, Seasonally adjusted (Depository Corporations Survey, Domestic) in Nigeria
Nigeria: Money, Seasonally adjusted (Depository Corporations Survey, Domestic) was 29,077 units per person in 2008. ◆ Volatile
Money, Seasonally adjusted (Depository Corporations Survey, Domestic) in Nigeria, 1964–2008
Source: Statizoid (derived). Measured in units per person.
Analysis
Nigeria recorded 29,077 units per person for money, seasonally adjusted (depository corporations survey, domestic) in 2008. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 40.3% on the previous year and up 972.0% over ten years.
Over the whole period, money, seasonally adjusted (depository corporations survey, domestic) in Nigeria peaked at 29,077 units per person in 2008 and was at its lowest, 5.78 units per person, in 1967.
That places Nigeria 74th out of 155 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, Seasonally adjusted (Depository Corporations Survey, Domestic) in Nigeria, year by year
| Year | units per person | Change |
|---|---|---|
| 1964 | 5.97 units per person | — |
| 1965 | 6.04 units per person | +1.3% |
| 1966 | 6.48 units per person | +7.2% |
| 1967 | 5.78 units per person | -10.8% |
| 1968 | 5.98 units per person | +3.5% |
| 1969 | 7.81 units per person | +30.6% |
| 1970 | 11.05 units per person | +41.5% |
| 1971 | 11.3 units per person | +2.3% |
| 1972 | 12.36 units per person | +9.3% |
| 1973 | 15 units per person | +21.4% |
| 1974 | 25.89 units per person | +72.6% |
| 1975 | 38.19 units per person | +47.5% |
| 1976 | 55.96 units per person | +46.5% |
| 1977 | 78.42 units per person | +40.1% |
| 1978 | 70.88 units per person | -9.6% |
| 1979 | 81.88 units per person | +15.5% |
| 1980 | 118.34 units per person | +44.5% |
| 1981 | 120.74 units per person | +2.0% |
| 1982 | 120.95 units per person | +0.2% |
| 1983 | 132.82 units per person | +9.8% |
| 1984 | 141.11 units per person | +6.2% |
| 1985 | 149.24 units per person | +5.8% |
| 1986 | 139.31 units per person | -6.7% |
| 1987 | 160.29 units per person | +15.1% |
| 1988 | 226.05 units per person | +41.0% |
| 1989 | 275.46 units per person | +21.9% |
| 1990 | 348.67 units per person | +26.6% |
| 1991 | 480.75 units per person | +37.9% |
| 1992 | 738.62 units per person | +53.6% |
| 1993 | 1,132 units per person | +53.2% |
| 1994 | 1,591 units per person | +40.5% |
| 1995 | 1,816 units per person | +14.2% |
| 1996 | 2,027 units per person | +11.6% |
| 1997 | 2,326 units per person | +14.7% |
| 1998 | 2,712 units per person | +16.6% |
| 1999 | 3,257 units per person | +20.1% |
| 2000 | 5,163 units per person | +58.5% |
| 2001 | 6,358 units per person | +23.2% |
| 2002 | 6,886 units per person | +8.3% |
| 2003 | 7,472 units per person | +8.5% |
| 2004 | 8,639 units per person | +15.6% |
| 2005 | 10,672 units per person | +23.5% |
| 2006 | 12,371 units per person | +15.9% |
| 2007 | 20,727 units per person | +67.5% |
| 2008 | 29,077 units per person | +40.3% |
Nigeria compared with similar countries
- Nigeria's 29,077 units per person is below the median for lower middle income countries, which is 32,602 units per person, 89% of the median. (42 countries reporting)
- Nigeria's 29,077 units per person is below the median for Sub-Saharan Africa, which is 47,027 units per person, 62% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.34 units per person | 5.78 units per person | 7.81 units per person | 6 |
| 1970s | 40.09 units per person | 11.05 units per person | 81.88 units per person | 10 |
| 1980s | 158.43 units per person | 118.34 units per person | 275.46 units per person | 10 |
| 1990s | 1,643 units per person | 348.67 units per person | 3,257 units per person | 10 |
| 2000s | 11,930 units per person | 5,163 units per person | 29,077 units per person | 9 |
Countries ranked near Nigeria
- 71 Seychelles 32,542 units per person compare
- 72 Aruba 30,848 units per person compare
- 73 Serbia 30,535 units per person compare
- 75 North Macedonia 27,336 units per person compare
- 76 Macau, China 23,445 units per person compare
- 77 Argentina 23,190 units per person compare
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, seasonally adjusted (depository corporations survey, domestic) in Nigeria?
- Money, seasonally adjusted (depository corporations survey, domestic) in Nigeria was 29,077 units per person in 2008, according to Statizoid (derived).
- What is the highest money, seasonally adjusted (depository corporations survey, domestic) recorded in Nigeria?
- The highest recorded value was 29,077 units per person in 2008.
- What is the lowest money, seasonally adjusted (depository corporations survey, domestic) recorded in Nigeria?
- The lowest recorded value was 5.78 units per person in 1967.
- How does Nigeria rank for money, seasonally adjusted (depository corporations survey, domestic)?
- Nigeria ranks 74th out of 155 countries with data for 2008.
- Is money, seasonally adjusted (depository corporations survey, domestic) rising or falling in Nigeria?
- Over the last ten years it is up 972.0%. 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, Seasonally adjusted (Depository Corporations Survey, Domestic currency), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Money, Seasonally adjusted (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, Seasonally adjusted (Depository Corporations Survey, Domestic currency) ÷ Population, total
Computed from
- Money, Seasonally adjusted 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, Seasonally adjusted (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.