{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"ng-financial-system-deposits-gdp","url":"https://apiardata.com/statistics/ng-financial-system-deposits-gdp","html_url":"https://apiardata.com/statistics/ng-financial-system-deposits-gdp/","title":"Nigeria Financial System Deposits (% of GDP) (2023)","description":"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.","domain":"macro","category":"Economy & Macro","keywords":["Economy & Macro","World Bank","Nigeria","2023"],"publisher":"World Bank","frequency":"Annual","geography":"Nigeria","temporal_coverage":"1974/2023","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2023","variable_measured":"Nigeria Financial System Deposits (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/FD.AST.PRVT.GD.ZS?locations=NG"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1974–2023"},{"label":"Observations","value":"50"},{"label":"Geography","value":"Nigeria"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Nigeria (2023)","value":"13.1","unit":"% of GDP","trend":{"direction":"up","value":"+3.6pp YoY"}},{"label":"YoY Change","value":"+3.6pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"Nigeria Financial System Deposits (% of GDP)"}],"observation_count":50,"observations":[{"period":"1974","value":4.62405631503775},{"period":"1975","value":6.42612462628675},{"period":"1976","value":7.2086650775565},{"period":"1977","value":8.73544737233884},{"period":"1978","value":10.7095109976978},{"period":"1979","value":10.1649888143177},{"period":"1980","value":12.0276506623679},{"period":"1981","value":5.72591431309378},{"period":"1982","value":6.37579504526187},{"period":"1983","value":6.15142606579651},{"period":"1984","value":6.21117827271338},{"period":"1985","value":5.9910896367143},{"period":"1986","value":7.5283981033965},{"period":"1987","value":6.56338315506866},{"period":"1988","value":6.01019608424841},{"period":"1989","value":5.04270274940964},{"period":"1990","value":4.94803157018249},{"period":"1991","value":4.99239283631026},{"period":"1992","value":8.17161219399416},{"period":"1993","value":6.94010857792882},{"period":"1994","value":7.99413051268397},{"period":"1995","value":6.48923045896814},{"period":"1996","value":6.15079024056791},{"period":"1997","value":7.01297636256998},{"period":"1998","value":7.60868676145306},{"period":"1999","value":8.15268356996698},{"period":"2000","value":8.2183570449906},{"period":"2001","value":9.84312371261094},{"period":"2002","value":8.07003610675659},{"period":"2003","value":8.89691186070258},{"period":"2004","value":8.45101096724353},{"period":"2005","value":8.42529934635831},{"period":"2006","value":8.11102618672372},{"period":"2007","value":13.3880462358893},{"period":"2008","value":18.5731484556703},{"period":"2009","value":19.6035290482689},{"period":"2010","value":13.4593956866255},{"period":"2011","value":11.0321388749083},{"period":"2012","value":10.5894517057846},{"period":"2013","value":11.5244272791479},{"period":"2014","value":13.2902122441457},{"period":"2015","value":13.0669467976253},{"period":"2016","value":14.5972057210104},{"period":"2017","value":12.7772705336796},{"period":"2018","value":10.1795116287926},{"period":"2019","value":7.40708693668531},{"period":"2020","value":8.10702599717608},{"period":"2021","value":8.82716232603832},{"period":"2022","value":9.52631461885587},{"period":"2023","value":13.1286567689108}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2023","value":"13.1","yoyChange":"+3.6pp"},{"year":"2022","value":"9.5","yoyChange":"+0.7pp"},{"year":"2021","value":"8.8","yoyChange":"+0.7pp"},{"year":"2020","value":"8.1","yoyChange":"+0.7pp"},{"year":"2019","value":"7.4","yoyChange":"-2.8pp"},{"year":"2018","value":"10.2","yoyChange":"-2.6pp"},{"year":"2017","value":"12.8","yoyChange":"-1.8pp"},{"year":"2016","value":"14.6","yoyChange":"+1.5pp"},{"year":"2015","value":"13.1","yoyChange":"-0.2pp"},{"year":"2014","value":"13.3","yoyChange":"+1.8pp"},{"year":"2013","value":"11.5","yoyChange":"+0.9pp"},{"year":"2012","value":"10.6","yoyChange":"-0.4pp"},{"year":"2011","value":"11.0","yoyChange":"-2.5pp"},{"year":"2010","value":"13.5","yoyChange":"-6.1pp"},{"year":"2009","value":"19.6","yoyChange":"+1.0pp"},{"year":"2008","value":"18.6","yoyChange":"+5.2pp"},{"year":"2007","value":"13.4","yoyChange":"+5.3pp"},{"year":"2006","value":"8.1","yoyChange":"-0.3pp"},{"year":"2005","value":"8.4","yoyChange":"-0.1pp"},{"year":"2004","value":"8.5","yoyChange":"-0.4pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"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."},{"question":"How current is this data?","answer":"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)."},{"question":"What is the long-term trend?","answer":"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."}]}