Nigeria: Financial markets development, access

* indicates monthly or quarterly data series
 Nigeria

Financial markets development, access

 Latest value 0.483
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.422
 Min - Max 0.252 - 0.507
 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 0.422 index points with a minimum of 0.252 index points in 1990 and a maximum of 0.507 index points in 2017. The latest value from 2021 is 0.483 index points. For comparison, the world average in 2021 based on 114 countries is 0.361 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, access - Recent values chart

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




Definition: Measures access to the financial markets using principal components methodology with these variables: Percent of market capitalization outside of top 10 largest companies and Total number of issuers of debt (domestic and external, nonfinancial and financial corporations). See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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 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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