Nonbank financial institutions’ assets to GDP in Nigeria
Nigeria: Nonbank financial institutions’ assets to GDP was 5.6% in 2021. ▲ Rising
Nonbank financial institutions’ assets to GDP in Nigeria, 2017–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for nonbank financial institutions’ assets to gdp in Nigeria is 5.6%, measured in 2021.
That represents a change of down 5.5% on the previous year and up 13.0% over five years.
Nigeria ranks 52nd of 84 countries on this measure, in the middle of the range.
Nonbank financial institutions’ assets to GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2017 | 5.0% | — |
| 2018 | 5.4% | +7.9% |
| 2019 | 5.5% | +2.8% |
| 2020 | 5.9% | +7.8% |
| 2021 | 5.6% | -5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.3% | 5.0% | 5.5% | 3 |
| 2020s | 5.8% | 5.6% | 5.9% | 2 |
Countries ranked near Nigeria
- 49 Indonesia 6.2% compare
- 50 Bosnia and Herzegovina 6.1% compare
- 51 Republic of Moldova 5.8% compare
- 53 Jordan 5.5%
- 54 Palestine, State of 5.5% compare
- 55 Botswana 5.2% 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 nonbank financial institutions’ assets to gdp in Nigeria?
- Nonbank financial institutions’ assets to gdp in Nigeria was 5.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest nonbank financial institutions’ assets to gdp recorded in Nigeria?
- The highest recorded value was 5.9% in 2020.
- What is the lowest nonbank financial institutions’ assets to gdp recorded in Nigeria?
- The lowest recorded value was 5.0% in 2017.
- How does Nigeria rank for nonbank financial institutions’ assets to gdp?
- Nigeria ranks 52nd out of 84 countries with data for 2021.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Nonbank financial institutions’ assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Claims on domestic real nonfinancial sector by other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is other financial institutions' claims, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Nonbank financial institutions assets (IFS lines 42, a-d, h, and s); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).