Nigeria: Financial markets development

* indicates monthly or quarterly data series
 Nigeria

Financial markets development

 Latest value 0.197
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.172
 Min - Max 0.092 - 0.319
 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 0.172 index points with a minimum of 0.092 index points in 1990 and a maximum of 0.319 index points in 2008. The latest value from 2021 is 0.197 index points. For comparison, the world average in 2021 based on 158 countries is 0.239 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 markets development - Recent values chart

Historical chart
Nigeria - Financial markets development - historical chart - 1980-2021




Definition: An index for overall financial markets development based on the three subindexes for depth, access, and efficiency listed on the indictors menu. 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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