Other investment, Currency and deposits, Deposit taking corporations in Nigeria
Nigeria: Other investment, Currency and deposits, Deposit taking corporations was 13,187 US dollar per square kilometre in 2023. ▲ Rising
Other investment, Currency and deposits, Deposit taking corporations in Nigeria, 2005–2023
Source: Statizoid (derived). Measured in US dollar per square kilometre.
Analysis
Nigeria recorded 13,187 US dollar per square kilometre for other investment, currency and deposits, deposit taking corporations in 2023.
That represents a change of down 9.8% on the previous year and down 11.0% over ten years.
Over the whole period, other investment, currency and deposits, deposit taking corporations in Nigeria peaked at 14,815 US dollar per square kilometre in 2013 and was at its lowest, 3,943 US dollar per square kilometre, in 2005.
That places Nigeria 100th out of 165 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Other investment, Currency and deposits, Deposit taking corporations in Nigeria, year by year
| Year | US dollar per square kilometre | Change |
|---|---|---|
| 2005 | 3,943 US dollar per square kilometre | — |
| 2006 | 5,462 US dollar per square kilometre | +38.5% |
| 2007 | 8,663 US dollar per square kilometre | +58.6% |
| 2008 | 12,481 US dollar per square kilometre | +44.1% |
| 2009 | 9,290 US dollar per square kilometre | -25.6% |
| 2010 | 9,447 US dollar per square kilometre | +1.7% |
| 2011 | 11,816 US dollar per square kilometre | +25.1% |
| 2012 | 14,110 US dollar per square kilometre | +19.4% |
| 2013 | 14,815 US dollar per square kilometre | +5.0% |
| 2014 | 13,690 US dollar per square kilometre | -7.6% |
| 2015 | 8,443 US dollar per square kilometre | -38.3% |
| 2016 | 6,830 US dollar per square kilometre | -19.1% |
| 2017 | 7,509 US dollar per square kilometre | +9.9% |
| 2018 | 7,849 US dollar per square kilometre | +4.5% |
| 2019 | 7,052 US dollar per square kilometre | -10.2% |
| 2020 | 7,980 US dollar per square kilometre | +13.2% |
| 2021 | 11,903 US dollar per square kilometre | +49.2% |
| 2022 | 14,613 US dollar per square kilometre | +22.8% |
| 2023 | 13,187 US dollar per square kilometre | -9.8% |
Nigeria compared with similar countries
- Nigeria's 13,187 US dollar per square kilometre is above the median for lower middle income countries, which is 3,869 US dollar per square kilometre, 3.4× the median. (41 countries reporting)
- Nigeria's 13,187 US dollar per square kilometre is above the median for Sub-Saharan Africa, which is 2,195 US dollar per square kilometre, 6.0× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7,968 US dollar per square kilometre | 3,943 US dollar per square kilometre | 12,481 US dollar per square kilometre | 5 |
| 2010s | 10,156 US dollar per square kilometre | 6,830 US dollar per square kilometre | 14,815 US dollar per square kilometre | 10 |
| 2020s | 11,921 US dollar per square kilometre | 7,980 US dollar per square kilometre | 14,613 US dollar per square kilometre | 4 |
Countries ranked near Nigeria
- 97 Eswatini 14,592 US dollar per square kilometre compare
- 98 South Africa 13,798 US dollar per square kilometre compare
- 99 Morocco 13,705 US dollar per square kilometre compare
- 101 Chile 13,116 US dollar per square kilometre compare
- 102 India 12,963 US dollar per square kilometre compare
- 103 Lesotho 12,787 US dollar per square kilometre 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 other investment, currency and deposits, deposit taking corporations in Nigeria?
- Other investment, currency and deposits, deposit taking corporations in Nigeria was 13,187 US dollar per square kilometre in 2023, according to Statizoid (derived).
- What is the highest other investment, currency and deposits, deposit taking corporations recorded in Nigeria?
- The highest recorded value was 14,815 US dollar per square kilometre in 2013.
- What is the lowest other investment, currency and deposits, deposit taking corporations recorded in Nigeria?
- The lowest recorded value was 3,943 US dollar per square kilometre in 2005.
- How does Nigeria rank for other investment, currency and deposits, deposit taking corporations?
- Nigeria ranks 100th out of 165 countries with data for 2023.
- Is other investment, currency and deposits, deposit taking corporations rising or falling in Nigeria?
- Over the last ten years it is down 11.0%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Other investment, Currency and deposits, Deposit taking corporations, except the Central Bank (Assets, Positions, US dollar), per square kilometre. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Other investment, Currency and deposits, Deposit taking corporations, except the Central Bank (Assets, Positions, US dollar) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Other investment, Currency and deposits, Deposit taking corporations, except the Central Bank (Assets, Positions, US dollar) ÷ Land area (sq. km)
Computed from
- Other investment, Currency and deposits, Deposit taking corporations International Monetary Fund
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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
Other investment, Currency and deposits, Deposit taking corporations, except the Central Bank (Assets, Positions, US dollar) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.