Nigeria: Financial markets development, efficiency

* indicates monthly or quarterly data series
 Nigeria

Financial markets development, efficiency

 Latest value 0.054
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.072
 Min - Max 0.013 - 0.429
 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 0.072 index points with a minimum of 0.013 index points in 1995 and a maximum of 0.429 index points in 2008. The latest value from 2021 is 0.054 index points. For comparison, the world average in 2021 based on 93 countries is 0.325 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, efficiency - Recent values chart

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




Definition: Measures the efficiency of financial markets using the following variable: Stock market turnover ratio (stocks traded to capitalization). 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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