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), 1990–2023.
Nigeria (2023)
2.9
% per annum (inflation-adjusted)
-1.1pp YoY
YoY Change
-1.1pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % per annum (inflation-adjusted) | YoY Change |
|---|---|---|
| 2023 | 2.9 | -1.1pp |
| 2022 | 4 | +5pp |
| 2021 | -1 | -3.2pp |
| 2020 | 2.2 | +27.9pp |
| 2019 | -25.8 | -31.8pp |
| 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 | n/a |
About this Dataset
Nigeria recorded 2.9 % per annum (inflation-adjusted) in 2023. The most recent year-on-year change was -1.1pp. The historical series (1990–2023) shows a peak of 18.2 in 2009 and a trough of -31.5 in 1995.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks nigeria real interest rate in Nigeria, published by World Bank. Data covers 1990–2023 at annual frequency using harmonised methodology.
The most recent observation covers 2023. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 18.2 % per annum (inflation-adjusted) in 2009 and reached its lowest recorded value of -31.5 in 1995. The latest reading of 2.9 in 2023 represents a year-on-year change of -1.1pp.