Nigeria: Financial markets development, access

The latest value from 2021 is 0.483 index points, a decline from 0.485 index points in 2020. In comparison, the world average is 0.361 index points, based on data from 114 countries. Historically, the average for Nigeria from 1980 to 2021 is 0.422 index points. The minimum value, 0.252 index points, was reached in 1990 while the maximum of 0.507 index points was recorded in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.