Net domestic credit to private sector, stock in Nigeria
Nigeria: Net domestic credit to private sector, stock was 42.56 billion current LCU in 1991. ◆ Volatile
Net domestic credit to private sector, stock in Nigeria, 1965–1991
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current LCU.
Analysis
The most recent figure for net domestic credit to private sector, stock in Nigeria is 42.56 billion current LCU, measured in 1991. That is the highest value across all 27 years on record.
The figure is up 24.1% on the previous year and up 426.6% over ten years.
Over the whole period, net domestic credit to private sector, stock in Nigeria peaked at 42.56 billion current LCU in 1991 and was at its lowest, 281.10 million current LCU, in 1965.
That places Nigeria 37th out of 50 countries with data for 1991, putting it 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 to private sector, stock in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 281.10 million current LCU | — |
| 1966 | 327.60 million current LCU | +16.5% |
| 1967 | 290.30 million current LCU | -11.4% |
| 1968 | 292.20 million current LCU | +0.7% |
| 1969 | 315.10 million current LCU | +7.8% |
| 1970 | 441.00 million current LCU | +40.0% |
| 1971 | 559.30 million current LCU | +26.8% |
| 1972 | 677.60 million current LCU | +21.2% |
| 1973 | 741.00 million current LCU | +9.4% |
| 1974 | 921.30 million current LCU | +24.3% |
| 1975 | 1.56 billion current LCU | +69.7% |
| 1976 | 2.18 billion current LCU | +39.4% |
| 1977 | 3.10 billion current LCU | +42.4% |
| 1978 | 3.96 billion current LCU | +27.6% |
| 1979 | 4.46 billion current LCU | +12.5% |
| 1980 | 6.15 billion current LCU | +37.9% |
| 1981 | 8.08 billion current LCU | +31.5% |
| 1982 | 9.61 billion current LCU | +19.0% |
| 1983 | 9.86 billion current LCU | +2.5% |
| 1984 | 10.39 billion current LCU | +5.4% |
| 1985 | 11.34 billion current LCU | +9.2% |
| 1986 | 18.70 billion current LCU | +64.8% |
| 1987 | 22.08 billion current LCU | +18.1% |
| 1988 | 27.55 billion current LCU | +24.7% |
| 1989 | 28.50 billion current LCU | +3.5% |
| 1990 | 34.29 billion current LCU | +20.3% |
| 1991 | 42.56 billion current LCU | +24.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 301.26 million current LCU | 281.10 million current LCU | 327.60 million current LCU | 5 |
| 1970s | 1.86 billion current LCU | 441.00 million current LCU | 4.46 billion current LCU | 10 |
| 1980s | 15.23 billion current LCU | 6.15 billion current LCU | 28.50 billion current LCU | 10 |
| 1990s | 38.43 billion current LCU | 34.29 billion current LCU | 42.56 billion current LCU | 2 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is net domestic credit to private sector, stock in Nigeria?
- Net domestic credit to private sector, stock in Nigeria was 42.56 billion current LCU in 1991, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest net domestic credit to private sector, stock recorded in Nigeria?
- The highest recorded value was 42.56 billion current LCU in 1991.
- What is the lowest net domestic credit to private sector, stock recorded in Nigeria?
- The lowest recorded value was 281.10 million current LCU in 1965.
- How does Nigeria rank for net domestic credit to private sector, stock?
- Nigeria ranks 37th out of 50 countries with data for 1991.
- Is net domestic credit to private sector, stock rising or falling in Nigeria?
- Over the last ten years it is up 426.6%. 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 to private sector, stock (current LCU). Statizoid updates them automatically from the source API.
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About this data
Claims on other sectors of the domestic economy (IFS line 32S..ZK) include gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds.