Stock market capitalization to GDP in Nigeria
Nigeria: Stock market capitalization to GDP was 13.1% in 2020. ▼ Falling
Stock market capitalization to GDP in Nigeria, 1993–2020
Source: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Measured in %.
Analysis
In 2020, stock market capitalization to gdp in Nigeria stood at 13.1%.
That represents a change of up 33.5% on the previous year and down 6.4% over ten years.
Over the whole period, stock market capitalization to gdp in Nigeria peaked at 30.8% in 2007 and was at its lowest, 2.5%, in 2002.
Nigeria ranks 74th of 91 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Stock market capitalization to GDP in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 7.7% | — |
| 1994 | 8.8% | +14.0% |
| 1995 | 17.7% | +100.6% |
| 1996 | 24.9% | +41.0% |
| 1997 | 23.1% | -7.4% |
| 1998 | 18.9% | -18.0% |
| 1999 | 5.0% | -73.8% |
| 2002 | 2.5% | -49.7% |
| 2004 | 11.6% | +367.4% |
| 2005 | 12.6% | +8.6% |
| 2006 | 13.9% | +10.1% |
| 2007 | 30.8% | +121.5% |
| 2008 | 14.2% | -54.0% |
| 2009 | 10.9% | -22.8% |
| 2010 | 14.0% | +28.0% |
| 2011 | 9.6% | -31.1% |
| 2012 | 12.3% | +28.0% |
| 2013 | 15.8% | +28.4% |
| 2014 | 11.5% | -27.5% |
| 2015 | 10.3% | -10.6% |
| 2016 | 7.4% | -28.3% |
| 2017 | 9.9% | +34.5% |
| 2018 | 7.9% | -19.9% |
| 2019 | 9.8% | +23.5% |
| 2020 | 13.1% | +33.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.1% | 5.0% | 24.9% | 7 |
| 2000s | 13.8% | 2.5% | 30.8% | 7 |
| 2010s | 10.9% | 7.4% | 15.8% | 10 |
| 2020s | 13.1% | 13.1% | 13.1% | 1 |
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 stock market capitalization to gdp in Nigeria?
- Stock market capitalization to gdp in Nigeria was 13.1% in 2020, according to Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
- What is the highest stock market capitalization to gdp recorded in Nigeria?
- The highest recorded value was 30.8% in 2007.
- What is the lowest stock market capitalization to gdp recorded in Nigeria?
- The lowest recorded value was 2.5% in 2002.
- How does Nigeria rank for stock market capitalization to gdp?
- Nigeria ranks 74th out of 91 countries with data for 2020.
- Is stock market capitalization to gdp rising or falling in Nigeria?
- Over the last ten years it is down 6.4%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as part of Stock market capitalization to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Value of listed shares to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is stock market capitalization, P_e is end-of period CPI, and P_a is average annual CPI. End-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF) and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).