Nigeria: Financial institutions development
* indicates monthly or quarterly data series
| Nigeria |
Financial institutions development |
|---|---|
| Latest value | 0.236 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1980 - 2021 |
| Average | 0.195 |
| Min - Max | 0.150 - 0.244 |
| Source | International Monetary Fund |
The latest value from 2021 is 0.236 index points, a decline from 0.242 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Nigeria from 1980 to 2021 is 0.195 index points. The minimum value, 0.15 index points, was reached in 1991 while the maximum of 0.244 index points was recorded in 2019.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Financial development | 0.221 | 2021 | index points |
| Financial institutions development | 0.236 | 2021 | index points |
| Financial institutions development, depth | 0.074 | 2021 | index points |
| Financial institutions development, access | 0.121 | 2021 | index points |
| Financial institutions development, efficiency | 0.561 | 2021 | index points |
| Financial markets development | 0.197 | 2021 | index points |
| Financial markets development, depth | 0.069 | 2021 | index points |
| Financial markets development, access | 0.483 | 2021 | index points |
| Financial markets development, efficiency | 0.054 | 2021 | index points |