Reserve assets, Other reserve (currency, deposits, securities) in Nigeria
Nigeria: Reserve assets, Other reserve (currency, deposits, securities) was 30,096 US dollar per square kilometre in 2023. ▼ Falling
Reserve assets, Other reserve (currency, deposits, securities) in Nigeria, 2005–2023
Source: Statizoid (derived). Measured in US dollar per square kilometre.
Analysis
Nigeria recorded 30,096 US dollar per square kilometre for reserve assets, other reserve (currency, deposits, securities) in 2023.
That represents a change of down 9.6% on the previous year and down 31.9% over ten years.
Over the whole period, reserve assets, other reserve (currency, deposits, securities) in Nigeria peaked at 58,192 US dollar per square kilometre in 2008 and was at its lowest, 27,428 US dollar per square kilometre, in 2016.
That places Nigeria 109th out of 163 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Reserve assets, Other reserve (currency, deposits, securities) in Nigeria, year by year
| Year | US dollar per square kilometre | Change |
|---|---|---|
| 2005 | 31,135 US dollar per square kilometre | — |
| 2006 | 46,442 US dollar per square kilometre | +49.2% |
| 2007 | 56,362 US dollar per square kilometre | +21.4% |
| 2008 | 58,192 US dollar per square kilometre | +3.2% |
| 2009 | 43,874 US dollar per square kilometre | -24.6% |
| 2010 | 32,675 US dollar per square kilometre | -25.5% |
| 2011 | 33,014 US dollar per square kilometre | +1.0% |
| 2012 | 45,298 US dollar per square kilometre | +37.2% |
| 2013 | 44,213 US dollar per square kilometre | -2.4% |
| 2014 | 34,932 US dollar per square kilometre | -21.0% |
| 2015 | 28,505 US dollar per square kilometre | -18.4% |
| 2016 | 27,428 US dollar per square kilometre | -3.8% |
| 2017 | 40,870 US dollar per square kilometre | +49.0% |
| 2018 | 44,479 US dollar per square kilometre | +8.8% |
| 2019 | 38,450 US dollar per square kilometre | -13.6% |
| 2020 | 36,622 US dollar per square kilometre | -4.8% |
| 2021 | 36,953 US dollar per square kilometre | +0.9% |
| 2022 | 33,304 US dollar per square kilometre | -9.9% |
| 2023 | 30,096 US dollar per square kilometre | -9.6% |
Nigeria compared with similar countries
- Nigeria's 30,096 US dollar per square kilometre is above the median for lower middle income countries, which is 22,103 US dollar per square kilometre, 1.4× the median. (38 countries reporting)
- Nigeria's 30,096 US dollar per square kilometre is above the median for Sub-Saharan Africa, which is 8,869 US dollar per square kilometre, 3.4× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47,201 US dollar per square kilometre | 31,135 US dollar per square kilometre | 58,192 US dollar per square kilometre | 5 |
| 2010s | 36,986 US dollar per square kilometre | 27,428 US dollar per square kilometre | 45,298 US dollar per square kilometre | 10 |
| 2020s | 34,244 US dollar per square kilometre | 30,096 US dollar per square kilometre | 36,953 US dollar per square kilometre | 4 |
Countries ranked near Nigeria
- 106 Sao Tome and Principe 34,960 US dollar per square kilometre compare
- 107 Croatia 33,016 US dollar per square kilometre compare
- 108 Greece 32,378 US dollar per square kilometre compare
- 110 Russia 28,581 US dollar per square kilometre compare
- 111 Algeria 27,714 US dollar per square kilometre compare
- 112 Eswatini 26,473 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 reserve assets, other reserve (currency, deposits, securities) in Nigeria?
- Reserve assets, other reserve (currency, deposits, securities) in Nigeria was 30,096 US dollar per square kilometre in 2023, according to Statizoid (derived).
- What is the highest reserve assets, other reserve (currency, deposits, securities) recorded in Nigeria?
- The highest recorded value was 58,192 US dollar per square kilometre in 2008.
- What is the lowest reserve assets, other reserve (currency, deposits, securities) recorded in Nigeria?
- The lowest recorded value was 27,428 US dollar per square kilometre in 2016.
- How does Nigeria rank for reserve assets, other reserve (currency, deposits, securities)?
- Nigeria ranks 109th out of 163 countries with data for 2023.
- Is reserve assets, other reserve (currency, deposits, securities) rising or falling in Nigeria?
- Over the last ten years it is down 31.9%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Reserve assets, Other reserve (currency, deposits, securities, financial derivatives and other claims) (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
Reserve assets, Other reserve (currency, deposits, securities, financial derivatives and other claims) (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.
Reserve assets, Other reserve (currency, deposits, securities, financial derivatives and other claims) (Assets, Positions, US dollar) ÷ Land area (sq. km)
Computed from
- Reserve assets, Other reserve (currency, deposits, securities) 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
Reserve assets, Other reserve (currency, deposits, securities, financial derivatives and other claims) (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.