{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"ng-private-credit-financial-institutions-gdp","url":"https://apiardata.com/statistics/ng-private-credit-financial-institutions-gdp","html_url":"https://apiardata.com/statistics/ng-private-credit-financial-institutions-gdp/","title":"Nigeria Private Credit by All Financial Institutions (% of GDP) (2020)","description":"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.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","World Bank","Nigeria","2020"],"publisher":"World Bank","frequency":"Annual","geography":"Nigeria","temporal_coverage":"1971/2020","unit":"% of GDP","last_updated":"2026-07-26","last_updated_text":"26 July 2026","data_as_of":"2020","variable_measured":"Nigeria Private Credit by All Financial Institutions (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/GFDD.DI.14?locations=NG"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1971–2020"},{"label":"Observations","value":"50"},{"label":"Geography","value":"Nigeria"},{"label":"Last updated","value":"26 July 2026"}],"kpis":[{"label":"Nigeria (2020)","value":"12.1","unit":"% of GDP","trend":{"direction":"up","value":"+0.9pp YoY"}},{"label":"YoY Change","value":"+0.9pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"Nigeria Private Credit by All Financial Institutions (% of GDP)"}],"observation_count":50,"observations":[{"period":"1971","value":5.39064},{"period":"1972","value":6.14063},{"period":"1973","value":6.04819},{"period":"1974","value":4.69955},{"period":"1975","value":6.814},{"period":"1976","value":7.61934},{"period":"1977","value":9.2449},{"period":"1978","value":10.9924},{"period":"1979","value":10.3896},{"period":"1980","value":12.227},{"period":"1981","value":5.80207},{"period":"1982","value":6.4506},{"period":"1983","value":6.20862},{"period":"1984","value":6.26605},{"period":"1985","value":6.03975},{"period":"1986","value":7.57499},{"period":"1987","value":6.60299},{"period":"1988","value":6.06602},{"period":"1989","value":5.09033},{"period":"1990","value":4.95752},{"period":"1991","value":5.2411},{"period":"1992","value":8.23451},{"period":"1993","value":7.00772},{"period":"1994","value":8.03729},{"period":"1995","value":6.50871},{"period":"1996","value":6.17444},{"period":"1997","value":7.03059},{"period":"1998","value":7.61945},{"period":"1999","value":8.16881},{"period":"2000","value":8.24899},{"period":"2001","value":9.88081},{"period":"2002","value":8.08434},{"period":"2003","value":8.90948},{"period":"2004","value":8.46166},{"period":"2005","value":8.43509},{"period":"2006","value":8.12036},{"period":"2007","value":13.797},{"period":"2008","value":18.633},{"period":"2009","value":19.6256},{"period":"2010","value":13.4907},{"period":"2011","value":11.0436},{"period":"2012","value":10.6047},{"period":"2013","value":11.5332},{"period":"2014","value":13.297},{"period":"2015","value":13.0787},{"period":"2016","value":14.608},{"period":"2017","value":12.852},{"period":"2018","value":10.2466},{"period":"2019","value":11.1576},{"period":"2020","value":12.1319}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2020","value":"12.1","yoyChange":"+0.9pp"},{"year":"2019","value":"11.2","yoyChange":"+1pp"},{"year":"2018","value":"10.2","yoyChange":"-2.7pp"},{"year":"2017","value":"12.9","yoyChange":"-1.7pp"},{"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":"+4.8pp"},{"year":"2007","value":"13.8","yoyChange":"+5.7pp"},{"year":"2006","value":"8.1","yoyChange":"-0.3pp"},{"year":"2005","value":"8.4","yoyChange":"-0.1pp"},{"year":"2004","value":"8.5","yoyChange":"-0.4pp"},{"year":"2003","value":"8.9","yoyChange":"+0.8pp"},{"year":"2002","value":"8.1","yoyChange":"-1.8pp"},{"year":"2001","value":"9.9","yoyChange":"+1.6pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"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."},{"question":"How current is this data?","answer":"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)."},{"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 4.7 in 1974. The latest reading of 12.1 in 2020 represents a change of +0.9pp."}]}