Nigeria Financial System Deposits (% of GDP) (2023)
Nigeria's Financial System Deposits (% of GDP): 13.1 % of GDP in 2023, +3.6pp YoY. World Bank (FD.AST.PRVT.GD.ZS), 1974–2023.
Nigeria (2023)
13.1
% of GDP
+3.6pp YoY
YoY Change
+3.6pp
percentage points
Trend
up
Series length
50
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2023 | 13.1 | +3.6pp |
| 2022 | 9.5 | +0.7pp |
| 2021 | 8.8 | +0.7pp |
| 2020 | 8.1 | +0.7pp |
| 2019 | 7.4 | -2.8pp |
| 2018 | 10.2 | -2.6pp |
| 2017 | 12.8 | -1.8pp |
| 2016 | 14.6 | +1.5pp |
| 2015 | 13.1 | -0.2pp |
| 2014 | 13.3 | +1.8pp |
| 2013 | 11.5 | +0.9pp |
| 2012 | 10.6 | -0.4pp |
| 2011 | 11 | -2.5pp |
| 2010 | 13.5 | -6.1pp |
| 2009 | 19.6 | +1pp |
| 2008 | 18.6 | +5.2pp |
| 2007 | 13.4 | +5.3pp |
| 2006 | 8.1 | -0.3pp |
| 2005 | 8.4 | -0.1pp |
| 2004 | 8.5 | -0.4pp |
About this Dataset
Nigeria recorded 13.1 % of GDP in 2023. The latest change was +3.6pp. Across 1974–2023 the series ranges from 4.6 in 1974 to 19.6 in 2009.
This page tracks total deposits in the financial system (banks + non-bank financial institutions) as a share of GDP in Nigeria from 1990 to present. Deposit depth measures the liability-side of financial development.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks total deposits in the financial system (banks + non-bank financial institutions) as a share of GDP in Nigeria from 1990 to present. Deposit depth measures the liability-side of financial development. It is published by World Bank and updated annually.
The most recent observation covers 2023. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1974–2023 (50 observations).
The series peaked at 19.6 % of GDP in 2009 and reached its lowest recorded value of 4.6 in 1974. The latest reading of 13.1 in 2023 represents a change of +3.6pp.