Pension fund assets to GDP (%) in Nigeria
Nigeria: Pension fund assets to GDP (%) was 8.0% in 2020. ▲ Rising
Pension fund assets to GDP in Nigeria, 2007–2020
Source: Nonbanking financial database, World Bank. Measured in %.
Analysis
Nigeria recorded 8.0% for pension fund assets to gdp in 2020. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 13.7% on the previous year and up 118.0% over ten years.
Over the whole period, pension fund assets to gdp in Nigeria peaked at 8.0% in 2020 and was at its lowest, 2.5%, in 2007.
Nigeria ranks 63rd of 87 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Pension fund assets to GDP (%) in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 2.5% | — |
| 2008 | 2.8% | +13.6% |
| 2009 | 3.4% | +22.1% |
| 2010 | 3.7% | +6.8% |
| 2011 | 3.8% | +4.8% |
| 2012 | 4.3% | +13.3% |
| 2013 | 5.0% | +15.3% |
| 2014 | 5.1% | +2.1% |
| 2015 | 5.6% | +8.9% |
| 2016 | 6.0% | +7.8% |
| 2017 | 6.5% | +8.9% |
| 2018 | 6.7% | +2.3% |
| 2019 | 7.0% | +4.9% |
| 2020 | 8.0% | +13.7% |
Nigeria compared with similar countries
- Nigeria's 8.0% is above the median for lower middle income countries, which is 8.0%, 1.0× the median. (13 countries reporting)
- Nigeria's 8.0% is below the median for Sub-Saharan Africa, which is 8.7%, 92% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | 2.5% | 3.4% | 3 |
| 2010s | 5.4% | 3.7% | 7.0% | 10 |
| 2020s | 8.0% | 8.0% | 8.0% | 1 |
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 pension fund assets to gdp in Nigeria?
- Pension fund assets to gdp in Nigeria was 8.0% in 2020, according to Nonbanking financial database, World Bank.
- What is the highest pension fund assets to gdp recorded in Nigeria?
- The highest recorded value was 8.0% in 2020.
- What is the lowest pension fund assets to gdp recorded in Nigeria?
- The lowest recorded value was 2.5% in 2007.
- How does Nigeria rank for pension fund assets to gdp?
- Nigeria ranks 63rd out of 87 countries with data for 2020.
- Is pension fund assets to gdp rising or falling in Nigeria?
- Over the last ten years it is up 118.0%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Nonbanking financial database, World Bank, published as part of Pension fund assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of assets of pension funds to GDP. A pension fund is any plan, fund, or scheme that provides retirement income. Data taken from a variety of sources such as OECD, AIOS, FIAP and national sources.