Nigeria: Bank assets to GDP
* indicates monthly or quarterly data series
| Nigeria |
Bank assets, percent of GDP |
|---|---|
| Latest value | 16.40 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1960 - 2021 |
| Average | 11.97 |
| Min - Max | 3.97 - 25.49 |
| Source | The International Monetary Fund |
The latest value from 2021 is 16.4 percent, an increase from 15.47 percent in 2020. In comparison, the world average is 71.17 percent, based on data from 140 countries. Historically, the average for Nigeria from 1960 to 2021 is 11.97 percent. The minimum value, 3.97 percent, was reached in 1960 while the maximum of 25.49 percent was recorded in 2008.
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Definition: Total assets held by deposit money banks as a share of GDP. Assets include claims on domestic real nonfinancial sector which includes central, state and local governments, nonfinancial public enterprises and private sector. Deposit money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| ATMs per 100,000 adults | 16.15 | 2021 | ATMs per 100,000 adults |
| Bank accounts per 1000 adults | 1,310.39 | 2020 | bank accounts |
| Bank branches per 100,000 people | 4.45 | 2020 | bank branches |
| Firms using credit to finance investment | 6.90 | 2014 | percent |
| Small firms with bank credit | 12.00 | 2014 | percent |
| Percent people with credit cards | 1.61 | 2021 | percent |
| Percent people with debit cards | 35.33 | 2021 | percent |
| Domestic credit to the private sector | 12.13 | 2020 | percent |
| Bank credit to the private sector | 12.91 | 2022 | percent |
| Liquid liabilities, percent of GDP | 24.89 | 2021 | percent |
| Bank assets to GDP | 16.40 | 2021 | percent |
| Financial system deposits, percent of GDP | 21.83 | 2021 | percent |
| Bank credit to government | 4.24 | 2020 | percent |
| Banking system concentration | 59.32 | 2021 | percent |
| Foreign bank assets | 19.00 | 2013 | percent of total bank assets |
| Percent people with bank accounts | 45.14 | 2021 | percent |