Restricted Deposits in Nigeria
Nigeria: Restricted Deposits 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 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% |
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
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (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.