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
For that indicator, we provide data for Nigeria from 1980 to 2021. The average value for Nigeria during that period was 0.081 index points with a minimum of 0.047 index points in 1990 and a maximum of 0.137 index points in 2014. The latest value from 2021 is 0.121 index points. For comparison, the world average in 2021 based on 175 countries is 0.363 index points. 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 - Financial institutions development, access - Recent values chart

Historical chart
Nigeria - Financial institutions development, access - historical chart - 1980-2021




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.


 Related indicators Latest value 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
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