Nigeria: Liquid liabilities, percent of GDP

The latest value from 2021 is 24.89 percent, a decline from 25.22 percent in 2020. In comparison, the world average is 82.43 percent, based on data from 134 countries. Historically, the average for Nigeria from 1960 to 2021 is 15.71 percent. The minimum value, 9.06 percent, was reached in 1996 while the maximum of 28.63 percent was recorded in 1980. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.