{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"ng-stock-market-cap-gdp","url":"https://apiardata.com/statistics/ng-stock-market-cap-gdp","html_url":"https://apiardata.com/statistics/ng-stock-market-cap-gdp/","title":"Nigeria Stock Market Capitalisation (% of GDP) (2025)","description":"Nigeria's Stock Market Capitalisation (% of GDP): 29.9 % of GDP in 2025, +8.3pp YoY. World Bank (CM.MKT.LCAP.GD.ZS), 1993–2025.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","World Bank","Nigeria","2025"],"publisher":"World Bank","frequency":"Annual","geography":"Nigeria","temporal_coverage":"1993/2025","unit":"% of GDP","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"Nigeria Stock Market Capitalisation (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS?locations=NG"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1993–2025"},{"label":"Observations","value":"30"},{"label":"Geography","value":"Nigeria"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Nigeria (2025)","value":"29.9","unit":"% of GDP","trend":{"direction":"up","value":"+8.3pp YoY"}},{"label":"YoY Change","value":"+8.3pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"30","unit":"years of data"}],"series":[{"key":"value","label":"Nigeria Stock Market Capitalisation (% of GDP)"}],"observation_count":30,"observations":[{"period":"1993","value":3.77725720349849},{"period":"1994","value":3.70312727455972},{"period":"1995","value":5.51888469192835},{"period":"1996","value":6.84568125573277},{"period":"1997","value":6.25293758386023},{"period":"1998","value":4.72568883086923},{"period":"1999","value":4.97011779704761},{"period":"2002","value":2.49746304094199},{"period":"2004","value":11.6863487355575},{"period":"2005","value":12.6623372394599},{"period":"2006","value":13.7680108996699},{"period":"2007","value":30.5089885897553},{"period":"2008","value":14.157772828727},{"period":"2009","value":10.9228592961917},{"period":"2010","value":13.7732206730148},{"period":"2011","value":9.41653266274502},{"period":"2012","value":12.1139463006316},{"period":"2013","value":15.4984113294142},{"period":"2014","value":10.9313975768097},{"period":"2015","value":10.1361410534871},{"period":"2016","value":7.36253513008307},{"period":"2017","value":9.90500142094976},{"period":"2018","value":7.47394269971606},{"period":"2019","value":6.57292515649127},{"period":"2020","value":9.22909398530274},{"period":"2021","value":8.90270101809886},{"period":"2022","value":9.6422729985117},{"period":"2023","value":9.53031237569745},{"period":"2024","value":21.5652638320741},{"period":"2025","value":29.8983651329874}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"29.9","yoyChange":"+8.3pp"},{"year":"2024","value":"21.6","yoyChange":"+12.1pp"},{"year":"2023","value":"9.5","yoyChange":"-0.1pp"},{"year":"2022","value":"9.6","yoyChange":"+0.7pp"},{"year":"2021","value":"8.9","yoyChange":"-0.3pp"},{"year":"2020","value":"9.2","yoyChange":"+2.6pp"},{"year":"2019","value":"6.6","yoyChange":"-0.9pp"},{"year":"2018","value":"7.5","yoyChange":"-2.4pp"},{"year":"2017","value":"9.9","yoyChange":"+2.5pp"},{"year":"2016","value":"7.4","yoyChange":"-2.7pp"},{"year":"2015","value":"10.1","yoyChange":"-0.8pp"},{"year":"2014","value":"10.9","yoyChange":"-4.6pp"},{"year":"2013","value":"15.5","yoyChange":"+3.4pp"},{"year":"2012","value":"12.1","yoyChange":"+2.7pp"},{"year":"2011","value":"9.4","yoyChange":"-4.4pp"},{"year":"2010","value":"13.8","yoyChange":"+2.9pp"},{"year":"2009","value":"10.9","yoyChange":"-3.3pp"},{"year":"2008","value":"14.2","yoyChange":"-16.3pp"},{"year":"2007","value":"30.5","yoyChange":"+16.7pp"},{"year":"2006","value":"13.8","yoyChange":"+1.1pp"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks listed domestic stock market capitalisation as a share of GDP in Nigeria from 1990 to present. This is the headline capital market development metric. It is published by World Bank and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1993–2025 (30 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 30.5 % of GDP in 2007 and reached its lowest recorded value of 2.5 in 2002. The latest reading of 29.9 in 2025 represents a change of +8.3pp."}]}