Domestic financing, monetary system credit (current LCU) in Nigeria
Nigeria: Domestic financing, monetary system credit (current LCU) was -393.38 billion current LCU in 2005. ◆ Volatile
Domestic financing, monetary system credit in Nigeria, 1994–2005
Source: World Bank country economists. Measured in current LCU.
Analysis
The most recent figure for domestic financing, monetary system credit in Nigeria is -393.38 billion current LCU, measured in 2005.
The figure is up 49.4% on the previous year and down 1,465.8% over ten years.
Over the whole period, domestic financing, monetary system credit in Nigeria peaked at 369.00 billion current LCU in 2002 and was at its lowest, -777.02 billion current LCU, in 2004.
Nigeria ranks 44th of 49 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic financing, monetary system credit (current LCU) in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 42.11 billion current LCU | — |
| 1995 | 28.80 billion current LCU | -31.6% |
| 1996 | -214.29 billion current LCU | -844.0% |
| 1997 | -71.74 billion current LCU | -66.5% |
| 1998 | 66.09 billion current LCU | -192.1% |
| 1999 | 238.00 billion current LCU | +260.1% |
| 2000 | -321.00 billion current LCU | -234.9% |
| 2001 | 137.00 billion current LCU | -142.7% |
| 2002 | 369.00 billion current LCU | +169.3% |
| 2003 | 298.57 billion current LCU | -19.1% |
| 2004 | -777.02 billion current LCU | -360.3% |
| 2005 | -393.38 billion current LCU | -49.4% |
Nigeria compared with similar countries
- Nigeria's -393.38 billion current LCU is below the median for Sub-Saharan Africa, which is 100.00 million current LCU. (45 countries reporting)
- Nigeria's -393.38 billion current LCU is below the median for lower middle income countries, which is 100.00 million current LCU. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.83 billion current LCU | -214.29 billion current LCU | 238.00 billion current LCU | 6 |
| 2000s | -114.47 billion current LCU | -777.02 billion current LCU | 369.00 billion current LCU | 6 |
Countries ranked near Nigeria
More science & technology data for Nigeria
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 70.76 (2024)
- Mobile cellular subscriptions by country, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0.0007 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 164.65 million (2024)
- Mobile cellular subscriptions by country, per square kilometre 246.4 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate -28.14 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate -26.63 % change on previous year (2024)
- Patent applications, nonresidents, gaps filled 598 (2020)
- Patent applications, nonresidents 598 (2020)
Frequently asked questions
- What is domestic financing, monetary system credit in Nigeria?
- Domestic financing, monetary system credit in Nigeria was -393.38 billion current LCU in 2005, according to World Bank country economists.
- What is the highest domestic financing, monetary system credit recorded in Nigeria?
- The highest recorded value was 369.00 billion current LCU in 2002.
- What is the lowest domestic financing, monetary system credit recorded in Nigeria?
- The lowest recorded value was -777.02 billion current LCU in 2004.
- How does Nigeria rank for domestic financing, monetary system credit?
- Nigeria ranks 44th out of 49 countries with data for 2005.
- Is domestic financing, monetary system credit rising or falling in Nigeria?
- Over the last ten years it is down 1,465.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Domestic financing, monetary system credit (current LCU). Statizoid updates them automatically from the source API.
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About this data
Domestic financing, monetary system credit. Data are in current local currency.