Nigeria: Financial markets development, depth

* indicates monthly or quarterly data series
 Nigeria

Financial markets development, depth

 Latest value 0.069
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.040
 Min - Max 0.015 - 0.109
 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 0.04 index points with a minimum of 0.015 index points in 1999 and a maximum of 0.109 index points in 2007. The latest value from 2021 is 0.069 index points. For comparison, the world average in 2021 based on 157 countries is 0.255 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, depth - Recent values chart

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




Definition: Measures the depth (size) of financial markets using the principal component methodology with the following variables: Stock market capitalization to GDP; Stocks traded to GDP; International debt securities of government to GDP; Total debt securities of financial corporations to GDP; and Total debt securities of nonfinancial corporations to GDP. 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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