Nigeria Real Interest Rate (2023)
Nigeria's Real Interest Rate: 2.9 % per annum (inflation-adjusted) in 2023, -1.1pp YoY. World Bank (FR.INR.RINR), 1970–2023.
Nigeria (2023)
2.9
% per annum (inflation-adjusted)
-1.1pp YoY
YoY Change
-1.1pp
percentage points
Trend
down
Series length
54
years of data
Data
| Year | % per annum (inflation-adjusted) | YoY Change |
|---|---|---|
| 2023 | 2.9 | -1.1pp |
| 2022 | 4 | +5pp |
| 2021 | -1 | -3.1pp |
| 2020 | 2.1 | +27.9pp |
| 2019 | -25.8 | -31.9pp |
| 2018 | 6.1 | +0.3pp |
| 2017 | 5.8 | -0.9pp |
| 2016 | 6.7 | -6.9pp |
| 2015 | 13.6 | +2.2pp |
| 2014 | 11.4 | +0.2pp |
| 2013 | 11.2 | +5pp |
| 2012 | 6.2 | +0.5pp |
| 2011 | 5.7 | +4.6pp |
| 2010 | 1.1 | -17.1pp |
| 2009 | 18.2 | +11.5pp |
| 2008 | 6.7 | -2.5pp |
| 2007 | 9.2 | +14.8pp |
| 2006 | -5.6 | -4pp |
| 2005 | -1.6 | +1pp |
| 2004 | -2.6 | -12.5pp |
About this Dataset
Nigeria recorded 2.9 % per annum (inflation-adjusted) in 2023. The latest change was -1.1pp. Across 1970–2023 the series ranges from -65.9 % per annum (inflation-adjusted) in 1981 to 18.2 % per annum (inflation-adjusted) in 2009.
This page tracks the real interest rate (lending rate adjusted for inflation using GDP deflator) in Nigeria. Real rates determine the true cost of capital for investment.
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 the real interest rate (lending rate adjusted for inflation using GDP deflator) in Nigeria. Real rates determine the true cost of capital for investment. 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 1970–2023 (54 observations).
The series peaked at 18.2 % per annum (inflation-adjusted) in 2009 and reached its lowest recorded value of -65.9 % per annum (inflation-adjusted) in 1981. The latest reading is 2.9 % per annum (inflation-adjusted) in 2023. The latest change was -1.1pp.