Nigeria: Financial institutions development

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.

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.