Net domestic credit, flow (current LCU) in Nigeria
Nigeria: Net domestic credit, flow (current LCU) was 3.58 trillion current LCU in 2011. ◆ Volatile
Latest (2011)
3.58 trillion current LCU
Change on year
up 175.2%
World rank
1st
of 52 countries
All-time high
3.58 trillion current LCU
in 2011
All-time low
-487.20 billion current LCU
in 2004
Years of data
51
1961–2011
Net domestic credit, flow in Nigeria, 1961–2011
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current LCU.
Analysis
The most recent figure for net domestic credit, flow in Nigeria is 3.58 trillion current LCU, measured in 2011. That is the highest value across all 51 years on record.
That represents a change of up 175.2% on the previous year and up 653.3% over ten years.
Over the whole period, net domestic credit, flow in Nigeria peaked at 3.58 trillion current LCU in 2011 and was at its lowest, -487.20 billion current LCU, in 2004.
That places Nigeria 1st out of 52 countries with data for 2011, 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, flow (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1961 | 52.10 million current LCU | — |
| 1962 | 91.80 million current LCU | +76.2% |
| 1963 | 66.90 million current LCU | -27.1% |
| 1964 | 73.10 million current LCU | +9.3% |
| 1965 | 26.90 million current LCU | -63.2% |
| 1966 | 92.70 million current LCU | +244.6% |
| 1967 | 34.20 million current LCU | -63.1% |
| 1968 | 129.40 million current LCU | +278.4% |
| 1969 | 201.90 million current LCU | +56.0% |
| 1970 | 319.30 million current LCU | +58.1% |
| 1971 | -14.80 million current LCU | -104.6% |
| 1972 | 146.90 million current LCU | -1092.6% |
| 1973 | -12.90 million current LCU | -108.8% |
| 1974 | -1.57 billion current LCU | +12109.3% |
| 1975 | 1.33 billion current LCU | -184.6% |
| 1976 | 1.92 billion current LCU | +44.3% |
| 1977 | 3.01 billion current LCU | +56.4% |
| 1978 | 1.84 billion current LCU | -39.0% |
| 1979 | 911.90 million current LCU | -50.3% |
| 1980 | 2.04 billion current LCU | +123.5% |
| 1981 | 5.05 billion current LCU | +147.7% |
| 1982 | 5.75 billion current LCU | +13.8% |
| 1983 | 6.18 billion current LCU | +7.6% |
| 1984 | 2.76 billion current LCU | -55.3% |
| 1985 | 1.45 billion current LCU | -47.5% |
| 1986 | 4.54 billion current LCU | +213.2% |
| 1987 | 3.85 billion current LCU | -15.1% |
| 1988 | 10.44 billion current LCU | +171.1% |
| 1989 | -4.73 billion current LCU | -145.3% |
| 1990 | 15.64 billion current LCU | -430.7% |
| 1991 | 8.94 billion current LCU | -42.8% |
| 1992 | 100.46 billion current LCU | +1023.2% |
| 1993 | 109.59 billion current LCU | +9.1% |
| 1994 | 158.46 billion current LCU | +44.6% |
| 1995 | 35.25 billion current LCU | -77.8% |
| 1996 | -103.28 billion current LCU | -393.0% |
| 1997 | -5.21 billion current LCU | -95.0% |
| 1998 | 146.62 billion current LCU | -2915.0% |
| 1999 | 119.52 billion current LCU | -18.5% |
| 2000 | -160.00 billion current LCU | -233.9% |
| 2001 | 475.60 billion current LCU | -397.3% |
| 2002 | 445.89 billion current LCU | -6.2% |
| 2003 | 459.67 billion current LCU | +3.1% |
| 2004 | -487.20 billion current LCU | -206.0% |
| 2005 | -98.67 billion current LCU | -79.7% |
| 2006 | -348.76 billion current LCU | +253.4% |
| 2007 | 3.29 trillion current LCU | -1043.6% |
| 2008 | 2.35 trillion current LCU | -28.5% |
| 2009 | 2.70 trillion current LCU | +14.6% |
| 2010 | 1.30 trillion current LCU | -51.7% |
| 2011 | 3.58 trillion current LCU | +175.2% |
Nigeria compared with similar countries
- Nigeria's 3.58 trillion current LCU is above the median for lower middle income countries, which is 66.96 billion current LCU, 53.5× the median. (24 countries reporting)
- Nigeria's 3.58 trillion current LCU is above the median for Sub-Saharan Africa, which is 37.43 billion current LCU, 95.7× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit, flow (current LCU) 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 |
|---|---|---|---|
| 1974 | -12109.3% | -12.90 million current LCU | -1.57 billion current LCU |
| 1998 | +2915.0% | -5.21 billion current LCU | 146.62 billion current LCU |
| 1972 | +1092.6% | -14.80 million current LCU | 146.90 million current LCU |
| 2007 | +1043.6% | -348.76 billion current LCU | 3.29 trillion current LCU |
| 1992 | +1023.2% | 8.94 billion current LCU | 100.46 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 85.44 million current LCU | 26.90 million current LCU | 201.90 million current LCU | 9 |
| 1970s | 787.09 million current LCU | -1.57 billion current LCU | 3.01 billion current LCU | 10 |
| 1980s | 3.73 billion current LCU | -4.73 billion current LCU | 10.44 billion current LCU | 10 |
| 1990s | 58.60 billion current LCU | -103.28 billion current LCU | 158.46 billion current LCU | 10 |
| 2000s | 862.74 billion current LCU | -487.20 billion current LCU | 3.29 trillion current LCU | 10 |
| 2010s | 2.44 trillion current LCU | 1.30 trillion current LCU | 3.58 trillion current LCU | 2 |
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 net domestic credit, flow in Nigeria?
- Net domestic credit, flow in Nigeria was 3.58 trillion current LCU in 2011, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest net domestic credit, flow recorded in Nigeria?
- The highest recorded value was 3.58 trillion current LCU in 2011.
- What is the lowest net domestic credit, flow recorded in Nigeria?
- The lowest recorded value was -487.20 billion current LCU in 2004.
- How does Nigeria rank for net domestic credit, flow?
- Nigeria ranks 1st out of 52 countries with data for 2011.
- Is net domestic credit, flow rising or falling in Nigeria?
- Over the last ten years it is up 653.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, International Financial Statistics and data files, published as part of Net domestic credit, flow (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net domestic credit is the sum of net credit to the non financial public sector, credit to the private sector, and other accounts. Data are in current local currency.