Nigeria: Domestic credit to the private sector

* indicates monthly or quarterly data series
 Nigeria

Domestic credit to the private sector, percent of GDP

 Latest value 12.13
 Year 2020
 Measure percent
 Data availability 1960 - 2020
 Average 8.49
 Min - Max 3.7 - 19.63
 Source The World Bank
For that indicator, we provide data for Nigeria from 1960 to 2020. The average value for Nigeria during that period was 8.49 percent with a minimum of 3.7 percent in 1960 and a maximum of 19.63 percent in 2009. The latest value from 2020 is 12.13 percent. For comparison, the world average in 2020 based on 151 countries is 61.27 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Domestic credit to the private sector - recent values

Historical chart
Nigeria - Domestic credit to the private sector - historical chart - 1960-2020




Definition: Domestic credit to private sector refers to financial resources provided to the private sector, 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.


 Related indicators Latest value 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 12.94 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
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