Net domestic credit (current LCU), per unit of GDP in Nigeria
Nigeria: Net domestic credit (current LCU), per unit of GDP was 102.21 current LCU per US$ of GDP in 2022. ◆ Volatile
Net domestic credit (current LCU), per unit of GDP in Nigeria, 1960–2022
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2022, net domestic credit (current lcu), per unit of gdp in Nigeria stood at 102.21 current LCU per US$ of GDP. That is the highest value across all 63 years on record.
Compared with earlier readings it is up 27.9% on the previous year and up 226.6% over ten years.
Over the whole period, net domestic credit (current lcu), per unit of gdp in Nigeria peaked at 102.21 current LCU per US$ of GDP in 2022 and was at its lowest, -0.0126 current LCU per US$ of GDP, in 1974.
Nigeria ranks 48th of 186 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.
Net domestic credit (current LCU), per unit of GDP in Nigeria, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0127 current LCU per US$ of GDP | — |
| 1961 | 0.0236 current LCU per US$ of GDP | +85.4% |
| 1962 | 0.0402 current LCU per US$ of GDP | +70.1% |
| 1963 | 0.0512 current LCU per US$ of GDP | +27.3% |
| 1964 | 0.0608 current LCU per US$ of GDP | +18.8% |
| 1965 | 0.062 current LCU per US$ of GDP | +2.1% |
| 1966 | 0.0718 current LCU per US$ of GDP | +15.7% |
| 1967 | 0.0944 current LCU per US$ of GDP | +31.5% |
| 1968 | 0.1193 current LCU per US$ of GDP | +26.4% |
| 1969 | 0.124 current LCU per US$ of GDP | +3.9% |
| 1970 | 0.091 current LCU per US$ of GDP | -26.6% |
| 1971 | 0.1227 current LCU per US$ of GDP | +34.9% |
| 1972 | 0.1038 current LCU per US$ of GDP | -15.4% |
| 1973 | 0.0832 current LCU per US$ of GDP | -19.9% |
| 1974 | -0.0126 current LCU per US$ of GDP | -115.2% |
| 1975 | 0.0367 current LCU per US$ of GDP | -390.0% |
| 1976 | 0.081 current LCU per US$ of GDP | +121.0% |
| 1977 | 0.165 current LCU per US$ of GDP | +103.8% |
| 1978 | 0.213 current LCU per US$ of GDP | +29.1% |
| 1979 | 0.1839 current LCU per US$ of GDP | -13.7% |
| 1980 | 0.1672 current LCU per US$ of GDP | -9.1% |
| 1981 | 0.0959 current LCU per US$ of GDP | -42.6% |
| 1982 | 0.1508 current LCU per US$ of GDP | +57.2% |
| 1983 | 0.2854 current LCU per US$ of GDP | +89.3% |
| 1984 | 0.4147 current LCU per US$ of GDP | +45.3% |
| 1985 | 0.4328 current LCU per US$ of GDP | +4.4% |
| 1986 | 0.6652 current LCU per US$ of GDP | +53.7% |
| 1987 | 0.7653 current LCU per US$ of GDP | +15.0% |
| 1988 | 1.02 current LCU per US$ of GDP | +33.6% |
| 1989 | 1.05 current LCU per US$ of GDP | +2.3% |
| 1990 | 1.14 current LCU per US$ of GDP | +9.1% |
| 1991 | 1.19 current LCU per US$ of GDP | +3.9% |
| 1992 | 3.29 current LCU per US$ of GDP | +177.0% |
| 1993 | 4.95 current LCU per US$ of GDP | +50.6% |
| 1994 | 5.46 current LCU per US$ of GDP | +10.4% |
| 1995 | 3.37 current LCU per US$ of GDP | -38.4% |
| 1996 | 2 current LCU per US$ of GDP | -40.6% |
| 1997 | 1.82 current LCU per US$ of GDP | -8.8% |
| 1998 | 2.35 current LCU per US$ of GDP | +28.8% |
| 1999 | 10.69 current LCU per US$ of GDP | +355.4% |
| 2000 | 6.82 current LCU per US$ of GDP | -36.1% |
| 2001 | 12.88 current LCU per US$ of GDP | +88.8% |
| 2002 | 14.66 current LCU per US$ of GDP | +13.8% |
| 2003 | 17.69 current LCU per US$ of GDP | +20.7% |
| 2004 | 10.06 current LCU per US$ of GDP | -43.1% |
| 2005 | 7.21 current LCU per US$ of GDP | -28.3% |
| 2006 | 3.85 current LCU per US$ of GDP | -46.6% |
| 2007 | 13.47 current LCU per US$ of GDP | +249.8% |
| 2008 | 17.87 current LCU per US$ of GDP | +32.7% |
| 2009 | 29.93 current LCU per US$ of GDP | +67.4% |
| 2010 | 26.17 current LCU per US$ of GDP | -12.6% |
| 2011 | 32.61 current LCU per US$ of GDP | +24.6% |
| 2012 | 31.29 current LCU per US$ of GDP | -4.0% |
| 2013 | 32.96 current LCU per US$ of GDP | +5.3% |
| 2014 | 32.74 current LCU per US$ of GDP | -0.7% |
| 2015 | 43.27 current LCU per US$ of GDP | +32.2% |
| 2016 | 66.3 current LCU per US$ of GDP | +53.3% |
| 2017 | 69.08 current LCU per US$ of GDP | +4.2% |
| 2018 | 67.47 current LCU per US$ of GDP | -2.3% |
| 2019 | 54.94 current LCU per US$ of GDP | -18.6% |
| 2020 | 69.13 current LCU per US$ of GDP | +25.8% |
| 2021 | 79.92 current LCU per US$ of GDP | +15.6% |
| 2022 | 102.21 current LCU per US$ of GDP | +27.9% |
Nigeria compared with similar countries
- Nigeria's 102.21 current LCU per US$ of GDP is above the median for lower middle income countries, which is 57.94 current LCU per US$ of GDP, 1.8× the median. (46 countries reporting)
- Nigeria's 102.21 current LCU per US$ of GDP is above the median for Sub-Saharan Africa, which is 99.93 current LCU per US$ of GDP, 1.0× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU), per unit of GDP 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 |
|---|---|---|---|
| 1975 | +390.0% | -0.0126 current LCU per US$ of GDP | 0.0367 current LCU per US$ of GDP |
| 1999 | +355.4% | 2.35 current LCU per US$ of GDP | 10.69 current LCU per US$ of GDP |
| 2007 | +249.8% | 3.85 current LCU per US$ of GDP | 13.47 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.066 current LCU per US$ of GDP | 0.0127 current LCU per US$ of GDP | 0.124 current LCU per US$ of GDP | 10 |
| 1970s | 0.1068 current LCU per US$ of GDP | -0.0126 current LCU per US$ of GDP | 0.213 current LCU per US$ of GDP | 10 |
| 1980s | 0.5045 current LCU per US$ of GDP | 0.0959 current LCU per US$ of GDP | 1.05 current LCU per US$ of GDP | 10 |
| 1990s | 3.62 current LCU per US$ of GDP | 1.14 current LCU per US$ of GDP | 10.69 current LCU per US$ of GDP | 10 |
| 2000s | 13.45 current LCU per US$ of GDP | 3.85 current LCU per US$ of GDP | 29.93 current LCU per US$ of GDP | 10 |
| 2010s | 45.68 current LCU per US$ of GDP | 26.17 current LCU per US$ of GDP | 69.08 current LCU per US$ of GDP | 10 |
| 2020s | 83.76 current LCU per US$ of GDP | 69.13 current LCU per US$ of GDP | 102.21 current LCU per US$ of GDP | 3 |
Countries ranked near Nigeria
- 45 Equatorial Guinea 117.47 current LCU per US$ of GDP compare
- 46 Chad 114.05 current LCU per US$ of GDP compare
- 47 Cameroon 110.83 current LCU per US$ of GDP compare
- 49 Algeria 99.19 current LCU per US$ of GDP compare
- 50 Comoros 97.66 current LCU per US$ of GDP compare
- 51 Niger 94.3 current LCU per US$ of GDP 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 net domestic credit (current lcu), per unit of gdp in Nigeria?
- Net domestic credit (current lcu), per unit of gdp in Nigeria was 102.21 current LCU per US$ of GDP in 2022, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), per unit of gdp recorded in Nigeria?
- The highest recorded value was 102.21 current LCU per US$ of GDP in 2022.
- What is the lowest net domestic credit (current lcu), per unit of gdp recorded in Nigeria?
- The lowest recorded value was -0.0126 current LCU per US$ of GDP in 1974.
- How does Nigeria rank for net domestic credit (current lcu), per unit of gdp?
- Nigeria ranks 48th out of 186 countries with data for 2022.
- Is net domestic credit (current lcu), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 226.6%. 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 Net domestic credit (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Net domestic credit (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Net domestic credit (current LCU) ÷ GDP (current US$)
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
- 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
Net domestic credit (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.