Money, Seasonally adjusted in Nigeria
Nigeria: Money, Seasonally adjusted was 4.58 trillion in 2008. ◆ Volatile
Latest (2008)
4.58 trillion
Change on year
up 44.2%
World rank
19th
of 157 countries
All-time high
4.58 trillion
in 2008
All-time low
292.45 million
in 1964
Years of data
45
1964–2008
Money, Seasonally adjusted in Nigeria, 1964–2008
Source: International Monetary Fund.
Analysis
Nigeria recorded 4.58 trillion for money, seasonally adjusted in 2008. That is the highest value across all 45 years on record.
That represents a change of up 44.2% on the previous year and up 1,309.7% over ten years.
Over the whole period, money, seasonally adjusted in Nigeria peaked at 4.58 trillion in 2008 and was at its lowest, 292.45 million, in 1964.
That places Nigeria 19th out of 157 countries with data for 2008, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Money, Seasonally adjusted in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 292.45 million | — |
| 1965 | 302.77 million | +3.5% |
| 1966 | 331.66 million | +9.5% |
| 1967 | 302.25 million | -8.9% |
| 1968 | 319.64 million | +5.8% |
| 1969 | 426.72 million | +33.5% |
| 1970 | 617.88 million | +44.8% |
| 1971 | 646.82 million | +4.7% |
| 1972 | 724.13 million | +12.0% |
| 1973 | 901.21 million | +24.5% |
| 1974 | 1.60 billion | +77.2% |
| 1975 | 2.42 billion | +51.7% |
| 1976 | 3.65 billion | +50.8% |
| 1977 | 5.27 billion | +44.4% |
| 1978 | 4.91 billion | -6.8% |
| 1979 | 5.85 billion | +19.1% |
| 1980 | 8.73 billion | +49.1% |
| 1981 | 9.18 billion | +5.2% |
| 1982 | 9.48 billion | +3.2% |
| 1983 | 10.68 billion | +12.7% |
| 1984 | 11.65 billion | +9.0% |
| 1985 | 12.67 billion | +8.8% |
| 1986 | 12.15 billion | -4.1% |
| 1987 | 14.36 billion | +18.2% |
| 1988 | 20.80 billion | +44.9% |
| 1989 | 26.04 billion | +25.2% |
| 1990 | 33.86 billion | +30.0% |
| 1991 | 47.94 billion | +41.6% |
| 1992 | 75.62 billion | +57.7% |
| 1993 | 118.98 billion | +57.3% |
| 1994 | 171.68 billion | +44.3% |
| 1995 | 201.30 billion | +17.3% |
| 1996 | 230.62 billion | +14.6% |
| 1997 | 271.54 billion | +17.7% |
| 1998 | 325.07 billion | +19.7% |
| 1999 | 400.75 billion | +23.3% |
| 2000 | 652.50 billion | +62.8% |
| 2001 | 825.69 billion | +26.5% |
| 2002 | 919.03 billion | +11.3% |
| 2003 | 1.03 trillion | +11.6% |
| 2004 | 1.22 trillion | +18.9% |
| 2005 | 1.55 trillion | +27.0% |
| 2006 | 1.84 trillion | +19.2% |
| 2007 | 3.18 trillion | +72.3% |
| 2008 | 4.58 trillion | +44.2% |
Nigeria compared with similar countries
- Nigeria's 4.58 trillion is above the median for lower middle income countries, which is 452.68 billion, 10.1× the median. (42 countries reporting)
- Nigeria's 4.58 trillion is above the median for Sub-Saharan Africa, which is 428.73 billion, 10.7× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 329.25 million | 292.45 million | 426.72 million | 6 |
| 1970s | 2.66 billion | 617.88 million | 5.85 billion | 10 |
| 1980s | 13.57 billion | 8.73 billion | 26.04 billion | 10 |
| 1990s | 187.74 billion | 33.86 billion | 400.75 billion | 10 |
| 2000s | 1.75 trillion | 652.50 billion | 4.58 trillion | 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, seasonally adjusted in Nigeria?
- Money, seasonally adjusted in Nigeria was 4.58 trillion in 2008, according to International Monetary Fund.
- What is the highest money, seasonally adjusted recorded in Nigeria?
- The highest recorded value was 4.58 trillion in 2008.
- What is the lowest money, seasonally adjusted recorded in Nigeria?
- The lowest recorded value was 292.45 million in 1964.
- How does Nigeria rank for money, seasonally adjusted?
- Nigeria ranks 19th out of 157 countries with data for 2008.
- Is money, seasonally adjusted rising or falling in Nigeria?
- Over the last ten years it is up 1,309.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Money, Seasonally adjusted (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.