Nigeria - Domestic credit to private sector
Domestic credit to private sector by banks (% of GDP)
Domestic credit to private sector by banks (% of GDP) in Nigeria was 11.23 as of 2020. Its highest value over the past 60 years was 19.60 in 2009, while its lowest value was 3.70 in 1960.
Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.
Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1960 | 3.70 |
| 1961 | 3.70 |
| 1962 | 4.98 |
| 1963 | 5.65 |
| 1964 | 6.23 |
| 1965 | 6.55 |
| 1966 | 6.86 |
| 1967 | 7.60 |
| 1968 | 6.05 |
| 1969 | 4.93 |
| 1970 | 3.86 |
| 1971 | 4.80 |
| 1972 | 5.45 |
| 1973 | 5.96 |
| 1974 | 4.62 |
| 1975 | 6.43 |
| 1976 | 7.21 |
| 1977 | 8.74 |
| 1978 | 10.71 |
| 1979 | 10.16 |
| 1980 | 12.03 |
| 1981 | 5.73 |
| 1982 | 6.38 |
| 1983 | 6.15 |
| 1984 | 6.21 |
| 1985 | 5.99 |
| 1986 | 7.53 |
| 1987 | 6.56 |
| 1988 | 6.01 |
| 1989 | 5.04 |
| 1990 | 4.95 |
| 1991 | 4.99 |
| 1992 | 8.17 |
| 1993 | 6.94 |
| 1994 | 7.99 |
| 1995 | 6.49 |
| 1996 | 6.15 |
| 1997 | 7.01 |
| 1998 | 7.61 |
| 1999 | 8.15 |
| 2000 | 8.22 |
| 2001 | 9.84 |
| 2002 | 8.07 |
| 2003 | 8.90 |
| 2004 | 8.45 |
| 2005 | 8.43 |
| 2006 | 8.11 |
| 2007 | 13.39 |
| 2008 | 18.57 |
| 2009 | 19.60 |
| 2010 | 13.46 |
| 2011 | 11.03 |
| 2012 | 10.59 |
| 2013 | 11.52 |
| 2014 | 13.29 |
| 2015 | 13.07 |
| 2016 | 14.60 |
| 2017 | 12.78 |
| 2018 | 10.18 |
| 2019 | 10.43 |
| 2020 | 11.23 |
Domestic credit to private sector (% of GDP)
Domestic credit to private sector (% of GDP) in Nigeria was 12.13 as of 2020. Its highest value over the past 60 years was 19.63 in 2009, while its lowest value was 3.70 in 1960.
Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.
Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1960 | 3.70 |
| 1961 | 3.70 |
| 1962 | 5.57 |
| 1963 | 6.44 |
| 1964 | 6.33 |
| 1965 | 6.70 |
| 1966 | 7.20 |
| 1967 | 7.81 |
| 1968 | 7.87 |
| 1969 | 6.65 |
| 1970 | 4.92 |
| 1971 | 5.39 |
| 1972 | 6.14 |
| 1973 | 6.05 |
| 1974 | 4.70 |
| 1975 | 6.81 |
| 1976 | 7.62 |
| 1977 | 9.24 |
| 1978 | 10.99 |
| 1979 | 10.39 |
| 1980 | 12.23 |
| 1981 | 5.80 |
| 1982 | 6.45 |
| 1983 | 6.21 |
| 1984 | 6.27 |
| 1985 | 6.04 |
| 1986 | 7.57 |
| 1987 | 6.60 |
| 1988 | 6.07 |
| 1989 | 5.09 |
| 1990 | 4.96 |
| 1991 | 5.24 |
| 1992 | 8.23 |
| 1993 | 7.01 |
| 1994 | 8.04 |
| 1995 | 6.51 |
| 1996 | 6.17 |
| 1997 | 7.03 |
| 1998 | 7.62 |
| 1999 | 8.17 |
| 2000 | 8.25 |
| 2001 | 9.88 |
| 2002 | 8.08 |
| 2003 | 8.91 |
| 2004 | 8.46 |
| 2005 | 8.44 |
| 2006 | 8.12 |
| 2007 | 13.80 |
| 2008 | 18.63 |
| 2009 | 19.63 |
| 2010 | 13.49 |
| 2011 | 11.04 |
| 2012 | 10.60 |
| 2013 | 11.53 |
| 2014 | 13.30 |
| 2015 | 13.08 |
| 2016 | 14.61 |
| 2017 | 12.85 |
| 2018 | 10.25 |
| 2019 | 11.16 |
| 2020 | 12.13 |
Classification
Topic: Financial Sector Indicators
Sub-Topic: Assets
