Nigeria Private Credit by All Financial Institutions (% of GDP) (2020)
Nigeria's Private Credit by All Financial Institutions (% of GDP): 12.1 % of GDP in 2020, +0.9pp YoY. World Bank (GFDD.DI.14), 1971–2020.
Nigeria (2020)
12.1
% of GDP
+0.9pp YoY
YoY Change
+0.9pp
percentage points
Trend
up
Series length
50
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2020 | 12.1 | +0.9pp |
| 2019 | 11.2 | +1pp |
| 2018 | 10.2 | -2.7pp |
| 2017 | 12.9 | -1.7pp |
| 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 | +4.8pp |
| 2007 | 13.8 | +5.7pp |
| 2006 | 8.1 | -0.3pp |
| 2005 | 8.4 | -0.1pp |
| 2004 | 8.5 | -0.4pp |
| 2003 | 8.9 | +0.8pp |
| 2002 | 8.1 | -1.8pp |
| 2001 | 9.9 | +1.6pp |
About this Dataset
Nigeria recorded 12.1 % of GDP in 2020. The latest change was +0.9pp. Across 1971–2020 the series ranges from 4.7 in 1974 to 19.6 in 2009.
This page tracks total private sector credit (bank + non-bank financial institutions) as a share of GDP in Nigeria from 1990 to present. This broader measure captures shadow banking and non-bank credit channels beyond deposit money banks.
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 private sector credit (bank + non-bank financial institutions) as a share of GDP in Nigeria from 1990 to present. This broader measure captures shadow banking and non-bank credit channels beyond deposit money banks. It is published by World Bank and updated annually.
The most recent observation covers 2020. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1971–2020 (50 observations).
The series peaked at 19.6 % of GDP in 2009 and reached its lowest recorded value of 4.7 in 1974. The latest reading of 12.1 in 2020 represents a change of +0.9pp.