Quasi-Money (Depository Corporations Survey, Domestic currency) in Nigeria
Nigeria: Quasi-Money (Depository Corporations Survey, Domestic currency) was 58.1 % change on previous year in 2008. ◆ Volatile
Quasi-Money (Depository Corporations Survey, Domestic currency) in Nigeria, 1952–2008
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 58.1 % change on previous year for quasi-money (depository corporations survey, domestic currency) in 2008.
Compared with earlier readings it is up 6.7% on the previous year and up 105.6% over ten years.
Over the whole period, quasi-money (depository corporations survey, domestic currency) in Nigeria peaked at 67.16 % change on previous year in 1974 and was at its lowest, -19.31 % change on previous year, in 1967.
That places Nigeria 4th out of 162 countries with data for 2008, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Quasi-Money (Depository Corporations Survey, Domestic currency) in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1952 | 40 % change on previous year | — |
| 1953 | 21.43 % change on previous year | -46.4% |
| 1954 | 13.24 % change on previous year | -38.2% |
| 1955 | 37.66 % change on previous year | +184.6% |
| 1956 | 0 % change on previous year | -100.0% |
| 1957 | 37.74 % change on previous year | — |
| 1958 | 21.92 % change on previous year | -41.9% |
| 1959 | 41.01 % change on previous year | +87.1% |
| 1960 | 9.16 % change on previous year | -77.7% |
| 1961 | 28.83 % change on previous year | +214.6% |
| 1962 | 13.6 % change on previous year | -52.8% |
| 1963 | 15.96 % change on previous year | +17.4% |
| 1964 | 21.72 % change on previous year | +36.1% |
| 1965 | 24.2 % change on previous year | +11.4% |
| 1966 | 15.65 % change on previous year | -35.4% |
| 1967 | -19.31 % change on previous year | -223.4% |
| 1968 | 39.94 % change on previous year | -306.8% |
| 1969 | 17.32 % change on previous year | -56.6% |
| 1970 | 56.31 % change on previous year | +225.1% |
| 1971 | 10.42 % change on previous year | -81.5% |
| 1972 | 22.89 % change on previous year | +119.6% |
| 1973 | 27.38 % change on previous year | +19.6% |
| 1974 | 67.16 % change on previous year | +145.3% |
| 1975 | 61.59 % change on previous year | -8.3% |
| 1976 | 25.9 % change on previous year | -57.9% |
| 1977 | 13.94 % change on previous year | -46.2% |
| 1978 | 7.33 % change on previous year | -47.4% |
| 1979 | 52.95 % change on previous year | +622.9% |
| 1980 | 39.47 % change on previous year | -25.5% |
| 1981 | 6.41 % change on previous year | -83.8% |
| 1982 | 20.94 % change on previous year | +226.7% |
| 1983 | 16.66 % change on previous year | -20.5% |
| 1984 | 16.6 % change on previous year | -0.3% |
| 1985 | 9.81 % change on previous year | -40.9% |
| 1986 | 10.24 % change on previous year | +4.4% |
| 1987 | 27.85 % change on previous year | +171.8% |
| 1988 | 21.23 % change on previous year | -23.8% |
| 1989 | -1.49 % change on previous year | -107.0% |
| 1990 | 37.75 % change on previous year | -2633.5% |
| 1991 | 31.92 % change on previous year | -15.4% |
| 1992 | 64.07 % change on previous year | +100.7% |
| 1993 | 48.67 % change on previous year | -24.0% |
| 1994 | 19.51 % change on previous year | -59.9% |
| 1995 | 25.71 % change on previous year | +31.8% |
| 1996 | 21.12 % change on previous year | -17.8% |
| 1997 | 14.75 % change on previous year | -30.2% |
| 1998 | 28.26 % change on previous year | +91.6% |
| 1999 | 50.71 % change on previous year | +79.4% |
| 2000 | 29.27 % change on previous year | -42.3% |
| 2001 | 29.19 % change on previous year | -0.3% |
| 2002 | 30.86 % change on previous year | +5.7% |
| 2003 | 16.29 % change on previous year | -47.2% |
| 2004 | 22.82 % change on previous year | +40.1% |
| 2005 | 16.78 % change on previous year | -26.5% |
| 2006 | 59.68 % change on previous year | +255.7% |
| 2007 | 54.45 % change on previous year | -8.8% |
| 2008 | 58.1 % change on previous year | +6.7% |
Nigeria compared with similar countries
- Nigeria's 58.1 % change on previous year is above the median for lower middle income countries, which is 13.42 % change on previous year, 4.3× the median. (43 countries reporting)
- Nigeria's 58.1 % change on previous year is above the median for Sub-Saharan Africa, which is 15.12 % change on previous year, 3.8× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Quasi-Money (Depository Corporations Survey, Domestic currency) 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 |
|---|---|---|---|
| 1990 | +2633.5% | -1.49 % change on previous year | 37.75 % change on previous year |
| 1979 | +622.9% | 7.33 % change on previous year | 52.95 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 26.62 % change on previous year | 0 % change on previous year | 41.01 % change on previous year | 8 |
| 1960s | 16.71 % change on previous year | -19.31 % change on previous year | 39.94 % change on previous year | 10 |
| 1970s | 34.59 % change on previous year | 7.33 % change on previous year | 67.16 % change on previous year | 10 |
| 1980s | 16.77 % change on previous year | -1.49 % change on previous year | 39.47 % change on previous year | 10 |
| 1990s | 34.25 % change on previous year | 14.75 % change on previous year | 64.07 % change on previous year | 10 |
| 2000s | 35.27 % change on previous year | 16.29 % change on previous year | 59.68 % change on previous year | 9 |
Countries ranked near Nigeria
- 1 Zimbabwe 475.38 % change on previous year compare
- 2 Iceland 74.39 % change on previous year compare
- 3 Myanmar 60.83 % change on previous year compare
- 5 Seychelles 54.04 % change on previous year compare
- 6 Ghana 50.02 % change on previous year compare
- 7 Azerbaijan 49.71 % change on previous year 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 quasi-money (depository corporations survey, domestic currency) in Nigeria?
- Quasi-money (depository corporations survey, domestic currency) in Nigeria was 58.1 % change on previous year in 2008, according to Statizoid (derived).
- What is the highest quasi-money (depository corporations survey, domestic currency) recorded in Nigeria?
- The highest recorded value was 67.16 % change on previous year in 1974.
- What is the lowest quasi-money (depository corporations survey, domestic currency) recorded in Nigeria?
- The lowest recorded value was -19.31 % change on previous year in 1967.
- How does Nigeria rank for quasi-money (depository corporations survey, domestic currency)?
- Nigeria ranks 4th out of 162 countries with data for 2008.
- Is quasi-money (depository corporations survey, domestic currency) rising or falling in Nigeria?
- Over the last ten years it is up 105.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Quasi-Money (Depository Corporations Survey, Domestic currency), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 57 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Quasi-Money (Depository Corporations Survey, Domestic currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Quasi-Money International Monetary Fund
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
The year-on-year percentage change in Quasi-Money (Depository Corporations Survey, Domestic currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.