Nigeria: Financial institutions development, access
* indicates monthly or quarterly data series
| Nigeria |
Financial institutions development, access |
|---|---|
| Latest value | 0.121 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1980 - 2021 |
| Average | 0.081 |
| Min - Max | 0.047 - 0.137 |
| Source | International Monetary Fund |
The latest value from 2021 is 0.121 index points, a decline from 0.123 index points in 2020. In comparison, the world average is 0.363 index points, based on data from 175 countries. Historically, the average for Nigeria from 1980 to 2021 is 0.081 index points. The minimum value, 0.047 index points, was reached in 1990 while the maximum of 0.137 index points was recorded in 2014.
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Definition: Measures access to financial services as a principal component of the following two variables: Bank branches per 100,000 adults and ATMs per 100,000 adults. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
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| 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 |