Nigeria - Broad money

Broad money (current LCU)

The value for Broad money (current LCU) in Nigeria was 38,627,400,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 38,627,400,000,000 in 2020 and a minimum value of 276,000,000 in 1960.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

Year Value
1960 276,000,000
1961 300,000,000
1962 332,800,000
1963 361,700,000
1964 430,800,000
1965 468,500,000
1966 519,800,000
1967 454,000,000
1968 522,100,000
1969 662,600,000
1970 979,300,000
1971 1,041,900,000
1972 1,204,200,000
1973 1,370,100,000
1974 2,592,200,000
1975 4,035,100,000
1976 5,707,700,000
1977 7,675,300,000
1978 7,521,000,000
1979 9,848,800,000
1980 14,389,900,000
1981 15,238,900,000
1982 16,693,500,000
1983 19,034,200,000
1984 21,242,700,000
1985 23,153,000,000
1986 23,605,200,000
1987 28,895,400,000
1988 38,405,800,000
1989 43,370,900,000
1990 57,553,630,000
1991 79,067,300,000
1992 129,085,000,000
1993 198,479,000,000
1994 266,945,000,000
1995 318,763,000,000
1996 370,334,000,000
1997 429,731,000,000
1998 525,638,000,000
1999 699,735,000,000
2000 1,036,080,000,000
2001 1,309,360,000,000
2002 1,555,800,000,000
2003 1,766,010,000,000
2004 2,131,170,000,000
2005 2,612,890,000,000
2006 3,562,700,000,000
2007 6,689,370,000,000
2008 9,513,850,000,000
2009 10,928,000,000,000
2010 11,662,900,000,000
2011 14,192,100,000,000
2012 18,035,900,000,000
2013 20,615,500,000,000
2014 20,451,700,000,000
2015 21,288,200,000,000
2016 28,083,900,000,000
2017 28,473,700,000,000
2018 32,739,600,000,000
2019 34,850,900,000,000
2020 38,627,400,000,000

Broad money (% of GDP)

Broad money (% of GDP) in Nigeria was 25.04 as of 2020. Its highest value over the past 60 years was 28.63 in 1980, while its lowest value was 9.06 in 1996.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 9.21
1961 9.40
1962 9.49
1963 9.80
1964 10.86
1965 11.17
1966 11.43
1967 12.22
1968 14.05
1969 13.98
1970 10.93
1971 10.04
1972 10.91
1973 11.18
1974 13.22
1975 17.59
1976 19.95
1977 22.85
1978 20.86
1979 22.95
1980 28.63
1981 10.94
1982 11.20
1983 11.99
1984 12.81
1985 12.33
1986 11.91
1987 11.81
1988 12.17
1989 10.45
1990 11.64
1991 13.40
1992 14.25
1993 15.79
1994 15.09
1995 10.28
1996 9.06
1997 9.73
1998 10.94
1999 12.76
2000 14.67
2001 15.90
2002 13.53
2003 13.03
2004 11.76
2005 11.30
2006 11.73
2007 19.29
2008 23.81
2009 25.14
2010 21.36
2011 22.48
2012 24.93
2013 25.45
2014 22.69
2015 22.37
2016 27.38
2017 24.78
2018 25.36
2019 23.93
2020 25.04

Broad money to total reserves ratio

Broad money to total reserves ratio in Nigeria was 2.95 as of 2020. Its highest value over the past 60 years was 9.30 in 1983, while its lowest value was 0.58 in 1974.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 1.13
1961 1.37
1962 1.61
1963 2.41
1964 2.64
1965 2.74
1966 3.38
1967 5.66
1968 6.03
1969 7.00
1970 6.13
1971 2.13
1972 3.43
1973 2.72
1974 0.58
1975 0.86
1976 1.38
1977 1.90
1978 3.76
1979 1.84
1980 1.73
1981 4.32
1982 8.30
1983 9.30
1984 5.62
1985 4.80
1986 4.84
1987 4.15
1988 6.48
1989 2.25
1990 1.52
1991 1.41
1992 5.69
1993 2.67
1994 3.10
1995 2.65
1996 1.07
1997 0.68
1998 0.82
1999 1.34
2000 1.01
2001 1.11
2002 1.71
2003 1.84
2004 0.93
2005 0.70
2006 0.65
2007 1.04
2008 1.53
2009 1.75
2010 2.39
2011 2.79
2012 2.59
2013 3.02
2014 3.62
2015 3.85
2016 4.07
2017 2.35
2018 2.35
2019 2.80
2020 2.95

Broad money growth (annual %)

The value for Broad money growth (annual %) in Nigeria was 10.84 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 89.20 in 1974 and a minimum value of -12.66 in 1967.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1961 8.70
1962 10.93
1963 8.68
1964 19.10
1965 8.75
1966 10.95
1967 -12.66
1968 15.00
1969 26.91
1970 47.80
1971 6.39
1972 15.58
1973 13.78
1974 89.20
1975 55.66
1976 41.45
1977 34.47
1978 -2.01
1979 30.95
1980 46.11
1981 5.90
1982 9.55
1983 14.02
1984 11.60
1985 8.99
1986 1.95
1987 22.41
1988 32.91
1989 12.93
1990 32.70
1991 37.38
1992 63.26
1993 53.76
1994 34.50
1995 19.41
1996 16.18
1997 16.04
1998 22.32
1999 33.12
2000 48.07
2001 26.38
2002 18.82
2003 13.51
2004 20.68
2005 22.60
2006 36.35
2007 87.76
2008 42.22
2009 14.86
2010 6.72
2011 21.69
2012 27.08
2013 14.30
2014 -0.79
2015 4.09
2016 31.92
2017 1.39
2018 14.98
2019 6.45
2020 10.84

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)