Credit to the private sector — all countries

Credit to the private sector — Nigeria

Credit to the private sector in Nigeria in 2022 — 9.56%. Ranked 148 in the world out of 159. Since 1960, the indicator has risen by 5.86 pp.

2022 9.56% −0.17 pp vs 2021
World rank 148of 159
Period maximum 19.63%2009
Period minimum 3.7%1960

Trend over time

1960–2022 · % of GDP

Credit to the private sector — Nigeria, 1960–20220510152019601967197419811988199520022009201620221960: 3.7%1962: 5.57%1964: 6.33%1966: 7.2%1968: 7.87%1970: 4.92%1972: 6.14%1974: 4.7%1976: 7.62%1978: 10.99%1980: 12.23%1982: 6.45%1984: 6.27%1986: 7.57%1988: 6.07%1990: 4.96%1992: 8.23%1994: 8.04%1996: 6.17%1998: 7.62%2000: 8.25%2002: 8.08%2004: 8.46%2006: 8.12%2008: 18.63%2010: 13.49%2012: 10.6%2014: 13.3%2016: 14.61%2018: 10.25%2020: 8.76%2022: 9.56%
Change over the period: +5.86 pp Annual average: 0.09 pp

Comparison, 2022

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 9.56%
World 134.43%
Western Africa computed 12.64%
Credit to the private sector — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2022 9.56 −0.17 pp
2021 9.73 +0.97 pp
2020 8.76 +0.84 pp
2019 7.92 −2.32 pp
2018 10.25 −2.61 pp
2017 12.85 −1.76 pp
2016 14.61 +1.53 pp
2015 13.08 −0.22 pp
2014 13.3 +1.76 pp
2013 11.53 +0.93 pp
2012 10.6 −0.44 pp
2011 11.04 −2.45 pp
2010 13.49 −6.13 pp
2009 19.63 +0.99 pp
2008 18.63 +4.84 pp
2007 13.8 +5.68 pp
2006 8.12 −0.31 pp
2005 8.44 −0.03 pp
2004 8.46 −0.45 pp
2003 8.91 +0.83 pp
2002 8.08 −1.8 pp
2001 9.88 +1.63 pp
2000 8.25 +0.08 pp
1999 8.17 +0.55 pp
1998 7.62 +0.59 pp
1997 7.03 +0.86 pp
1996 6.17 −0.33 pp
1995 6.51 −1.53 pp
1994 8.04 +1.03 pp
1993 7.01 −1.23 pp
1992 8.23 +2.99 pp
1991 5.24 +0.28 pp
1990 4.96 −0.13 pp
1989 5.09 −0.98 pp
1988 6.07 −0.54 pp
1987 6.6 −0.97 pp
1986 7.57 +1.54 pp
1985 6.04 −0.23 pp
1984 6.27 +0.06 pp
1983 6.21 −0.24 pp
1982 6.45 +0.65 pp
1981 5.8 −6.42 pp
1980 12.23 +1.84 pp
1979 10.39 −0.6 pp
1978 10.99 +1.75 pp
1977 9.24 +1.63 pp
1976 7.62 +0.81 pp
1975 6.81 +2.11 pp
1974 4.7 −1.35 pp
1973 6.05 −0.09 pp
1972 6.14 +0.75 pp
1971 5.39 +0.47 pp
1970 4.92 −1.73 pp
1969 6.65 −1.22 pp
1968 7.87 +0.05 pp
1967 7.81 +0.61 pp
1966 7.2 +0.5 pp
1965 6.7 +0.37 pp
1964 6.33 −0.11 pp
1963 6.44 +0.87 pp
1962 5.57 +1.87 pp
1961 3.7 +0.01 pp
1960 3.7

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

Source: World Economic Outlook (IMF), license IMF open data.