Nigeria - 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

Aggregation method: Weighted average

Periodicity: Annual

General Comments: The derivation of this indicator was simplified in September 2012 to be current-year broad money divided by current-year GDP times 100.

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)