Net domestic credit (current LCU), annual growth rate in Nigeria
Nigeria: Net domestic credit (current LCU), annual growth rate was 35.83 % change on previous year in 2022. ◆ Volatile
Latest (2022)
35.83 % change on previous year
Change on year
up 103.1%
World rank
15th
of 186 countries
All-time high
424.24 % change on previous year
in 1975
All-time low
-124.9 % change on previous year
in 1974
Years of data
62
1961–2022
Net domestic credit (current LCU), annual growth rate in Nigeria, 1961–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for net domestic credit (current lcu), annual growth rate in Nigeria is 35.83 % change on previous year, measured in 2022.
Compared with earlier readings it is up 103.1% on the previous year and up 382.5% over ten years.
Over the whole period, net domestic credit (current lcu), annual growth rate in Nigeria peaked at 424.24 % change on previous year in 1975 and was at its lowest, -124.9 % change on previous year, in 1974.
That places Nigeria 15th out of 186 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 97.38 % change on previous year | — |
| 1962 | 86.93 % change on previous year | -10.7% |
| 1963 | 33.89 % change on previous year | -61.0% |
| 1964 | 27.66 % change on previous year | -18.4% |
| 1965 | 7.97 % change on previous year | -71.2% |
| 1966 | 25.45 % change on previous year | +219.2% |
| 1967 | 7.48 % change on previous year | -70.6% |
| 1968 | 26.34 % change on previous year | +252.0% |
| 1969 | 32.53 % change on previous year | +23.5% |
| 1970 | 38.82 % change on previous year | +19.3% |
| 1971 | -1.3 % change on previous year | -103.3% |
| 1972 | 13.03 % change on previous year | -1105.6% |
| 1973 | -1.01 % change on previous year | -107.8% |
| 1974 | -124.9 % change on previous year | +12234.2% |
| 1975 | 424.24 % change on previous year | -439.7% |
| 1976 | 188.81 % change on previous year | -55.5% |
| 1977 | 102.23 % change on previous year | -45.9% |
| 1978 | 30.86 % change on previous year | -69.8% |
| 1979 | 11.72 % change on previous year | -62.0% |
| 1980 | 23.45 % change on previous year | +100.1% |
| 1981 | 47.05 % change on previous year | +100.6% |
| 1982 | 36.41 % change on previous year | -22.6% |
| 1983 | 28.71 % change on previous year | -21.1% |
| 1984 | 9.97 % change on previous year | -65.3% |
| 1985 | 4.76 % change on previous year | -52.3% |
| 1986 | 14.22 % change on previous year | +199.0% |
| 1987 | 10.56 % change on previous year | -25.7% |
| 1988 | 25.9 % change on previous year | +145.2% |
| 1989 | -9.32 % change on previous year | -136.0% |
| 1990 | 33.99 % change on previous year | -464.7% |
| 1991 | 14.5 % change on previous year | -57.3% |
| 1992 | 142.28 % change on previous year | +881.0% |
| 1993 | 64.06 % change on previous year | -55.0% |
| 1994 | 56.46 % change on previous year | -11.9% |
| 1995 | 8.03 % change on previous year | -85.8% |
| 1996 | -21.77 % change on previous year | -371.3% |
| 1997 | -1.4 % change on previous year | -93.6% |
| 1998 | 40.07 % change on previous year | -2955.4% |
| 1999 | 23.32 % change on previous year | -41.8% |
| 2000 | -25.32 % change on previous year | -208.6% |
| 2001 | 100.76 % change on previous year | -498.0% |
| 2002 | 47.05 % change on previous year | -53.3% |
| 2003 | 32.99 % change on previous year | -29.9% |
| 2004 | -26.29 % change on previous year | -179.7% |
| 2005 | -7.22 % change on previous year | -72.5% |
| 2006 | -27.52 % change on previous year | +281.0% |
| 2007 | 308.18 % change on previous year | -1219.8% |
| 2008 | 61.84 % change on previous year | -79.9% |
| 2009 | 45.5 % change on previous year | -26.4% |
| 2010 | 8.78 % change on previous year | -80.7% |
| 2011 | 40.72 % change on previous year | +364.0% |
| 2012 | 7.43 % change on previous year | -81.8% |
| 2013 | 18.06 % change on previous year | +143.3% |
| 2014 | 9.67 % change on previous year | -46.5% |
| 2015 | 13.47 % change on previous year | +39.3% |
| 2016 | 25.78 % change on previous year | +91.4% |
| 2017 | -3.26 % change on previous year | -112.6% |
| 2018 | 9.62 % change on previous year | -395.4% |
| 2019 | 29.04 % change on previous year | +201.8% |
| 2020 | 12.71 % change on previous year | -56.2% |
| 2021 | 17.64 % change on previous year | +38.7% |
| 2022 | 35.83 % change on previous year | +103.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38.4 % change on previous year | 7.48 % change on previous year | 97.38 % change on previous year | 9 |
| 1970s | 68.25 % change on previous year | -124.9 % change on previous year | 424.24 % change on previous year | 10 |
| 1980s | 19.17 % change on previous year | -9.32 % change on previous year | 47.05 % change on previous year | 10 |
| 1990s | 35.95 % change on previous year | -21.77 % change on previous year | 142.28 % change on previous year | 10 |
| 2000s | 51 % change on previous year | -27.52 % change on previous year | 308.18 % change on previous year | 10 |
| 2010s | 15.93 % change on previous year | -3.26 % change on previous year | 40.72 % change on previous year | 10 |
| 2020s | 22.06 % change on previous year | 12.71 % change on previous year | 35.83 % change on previous year | 3 |
Countries ranked near Nigeria
- 12 Türkiye 42.15 % change on previous year compare
- 13 Iraq 41.67 % change on previous year compare
- 14 Malawi 40.48 % change on previous year compare
- 16 Saint Kitts and Nevis 35.76 % change on previous year compare
- 17 Liberia 34.26 % change on previous year compare
- 18 Libya 33.1 % change on previous year compare
More financial sector data for Nigeria
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.36 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
- Total reserves in months of imports, annual growth rate -1.26 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 6.98 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0966 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 118.25 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 6.08 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 132.23 SDR per person (2025)
Frequently asked questions
- What is net domestic credit (current lcu), annual growth rate in Nigeria?
- Net domestic credit (current lcu), annual growth rate in Nigeria was 35.83 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), annual growth rate recorded in Nigeria?
- The highest recorded value was 424.24 % change on previous year in 1975.
- What is the lowest net domestic credit (current lcu), annual growth rate recorded in Nigeria?
- The lowest recorded value was -124.9 % change on previous year in 1974.
- How does Nigeria rank for net domestic credit (current lcu), annual growth rate?
- Nigeria ranks 15th out of 186 countries with data for 2022.
- Is net domestic credit (current lcu), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is up 382.5%. 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 Net domestic credit (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 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 Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
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 Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.