Restricted Deposits (Depository Corporations Survey, Domestic) in Nigeria
Nigeria: Restricted Deposits (Depository Corporations Survey, Domestic) was 478.66 billion in 2008. ◆ Volatile
Restricted Deposits in Nigeria, 1959–2008
Source: International Monetary Fund.
Analysis
Nigeria recorded 478.66 billion for restricted deposits in 2008. That is the highest value across all 42 years on record.
That represents a change of up 261.9% on the previous year and up 2,921.2% over ten years.
Over the whole period, restricted deposits in Nigeria peaked at 478.66 billion in 2008 and was at its lowest, 0, in 1959.
That places Nigeria 8th out of 103 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.
Restricted Deposits (Depository Corporations Survey, Domestic) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1959 | 0 | — |
| 1960 | 0 | — |
| 1961 | 0 | — |
| 1962 | 0 | — |
| 1963 | 0 | — |
| 1964 | 0 | — |
| 1965 | 0 | — |
| 1966 | 0 | — |
| 1967 | 0 | — |
| 1968 | 0 | — |
| 1969 | 0 | — |
| 1970 | 0 | — |
| 1971 | 0 | — |
| 1972 | 0 | — |
| 1973 | 0 | — |
| 1974 | 0 | — |
| 1975 | 29.50 million | — |
| 1976 | 10.40 million | -64.7% |
| 1977 | 190.90 million | +1735.6% |
| 1978 | 113.70 million | -40.4% |
| 1979 | 186.60 million | +64.1% |
| 1980 | 95.80 million | -48.7% |
| 1981 | 83.00 million | -13.4% |
| 1982 | 116.50 million | +40.4% |
| 1983 | 1.28 billion | +999.1% |
| 1984 | 663.50 million | -48.2% |
| 1985 | 370.90 million | -44.1% |
| 1986 | 49.30 million | -86.7% |
| 1987 | 53.80 million | +9.1% |
| 1988 | 51.30 million | -4.6% |
| 1989 | 196.30 million | +282.7% |
| 1990 | 236.21 million | +20.3% |
| 1991 | 935.20 million | +295.9% |
| 1992 | 584.60 million | -37.5% |
| 2001 | 15.84 billion | +2610.2% |
| 2002 | 51.58 billion | +225.5% |
| 2003 | 235.28 billion | +356.2% |
| 2004 | 143.10 billion | -39.2% |
| 2005 | 24.72 billion | -82.7% |
| 2006 | 113.75 billion | +360.1% |
| 2007 | 132.25 billion | +16.3% |
| 2008 | 478.66 billion | +261.9% |
Nigeria compared with similar countries
- Nigeria's 478.66 billion is above the median for lower middle income countries, which is 245.32 million, 1951.2× the median. (27 countries reporting)
- Nigeria's 478.66 billion is above the median for Sub-Saharan Africa, which is 186.20 million, 2570.7× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Restricted Deposits (Depository Corporations Survey, Domestic) 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 |
|---|---|---|---|
| 2001 | +2610.2% | 584.60 million | 15.84 billion |
| 1977 | +1735.6% | 10.40 million | 190.90 million |
| 1983 | +999.1% | 116.50 million | 1.28 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0 | 0 | 0 | 1 |
| 1960s | 0 | 0 | 0 | 10 |
| 1970s | 53.11 million | 0 | 190.90 million | 10 |
| 1980s | 296.08 million | 49.30 million | 1.28 billion | 10 |
| 1990s | 585.34 million | 236.21 million | 935.20 million | 3 |
| 2000s | 149.40 billion | 15.84 billion | 478.66 billion | 8 |
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 restricted deposits in Nigeria?
- Restricted deposits in Nigeria was 478.66 billion in 2008, according to International Monetary Fund.
- What is the highest restricted deposits recorded in Nigeria?
- The highest recorded value was 478.66 billion in 2008.
- What is the lowest restricted deposits recorded in Nigeria?
- The lowest recorded value was 0 in 1959.
- How does Nigeria rank for restricted deposits?
- Nigeria ranks 8th out of 103 countries with data for 2008.
- Is restricted deposits rising or falling in Nigeria?
- Over the last ten years it is up 2,921.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Restricted Deposits (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.