Broad money to total reserves ratio (United Nations) in Nigeria
Nigeria: Broad money to total reserves ratio (United Nations) was 3.46 in 2022. ▲ Rising
Broad money to total reserves ratio in Nigeria, 2000–2022
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for broad money to total reserves ratio in Nigeria is 3.46, measured in 2022.
That represents a change of up 25.9% on the previous year and up 34.6% over ten years.
Over the whole period, broad money to total reserves ratio in Nigeria peaked at 3.95 in 2016 and was at its lowest, 0.6545, in 2006.
Nigeria ranks 69th of 164 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Broad money to total reserves ratio (United Nations) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1 | — |
| 2001 | 1.1 | +9.3% |
| 2002 | 1.7 | +54.7% |
| 2003 | 1.84 | +8.3% |
| 2004 | 0.9251 | -49.7% |
| 2005 | 0.6933 | -25.1% |
| 2006 | 0.6545 | -5.6% |
| 2007 | 1.03 | +58.0% |
| 2008 | 1.51 | +45.8% |
| 2009 | 1.72 | +14.0% |
| 2010 | 2.35 | +36.8% |
| 2011 | 2.77 | +17.5% |
| 2012 | 2.57 | -7.0% |
| 2013 | 3.03 | +17.8% |
| 2014 | 3.71 | +22.6% |
| 2015 | 3.8 | +2.3% |
| 2016 | 3.95 | +4.0% |
| 2017 | 2.3 | -41.8% |
| 2018 | 2.5 | +8.6% |
| 2019 | 2.96 | +18.6% |
| 2020 | 2.97 | +0.2% |
| 2021 | 2.75 | -7.4% |
| 2022 | 3.46 | +25.9% |
Nigeria compared with similar countries
- Nigeria's 3.46 is above the median for lower middle income countries, which is 2.92, 1.2× the median. (38 countries reporting)
- Nigeria's 3.46 is above the median for Sub-Saharan Africa, which is 2.71, 1.3× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.22 | 0.6545 | 1.84 | 10 |
| 2010s | 2.99 | 2.3 | 3.95 | 10 |
| 2020s | 3.06 | 2.75 | 3.46 | 3 |
Countries ranked near Nigeria
More infrastructure data for Nigeria
- Mobile cellular subscriptions 164.65 million (2024)
- Mobile cellular subscriptions 70.76 per 100 people (2024)
- Fixed telephone subscriptions 102,714 (2024)
- Fixed telephone subscriptions 0.0441 per 100 people (2024)
- Fixed telephone subscriptions, per capita 0.0004 units per person (2024)
- Fixed telephone subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Fixed telephone subscriptions, annual growth rate -8.27 % change on previous year (2024)
- Fixed telephone subscriptions, gaps filled 102,714 (2024)
- Mobile cellular subscriptions, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions, per unit of GDP 0.0007 units per US$ of GDP (2024)
Frequently asked questions
- What is broad money to total reserves ratio in Nigeria?
- Broad money to total reserves ratio in Nigeria was 3.46 in 2022, according to United Nations Statistics Division, SDG Global Database.
- What is the highest broad money to total reserves ratio recorded in Nigeria?
- The highest recorded value was 3.95 in 2016.
- What is the lowest broad money to total reserves ratio recorded in Nigeria?
- The lowest recorded value was 0.6545 in 2006.
- How does Nigeria rank for broad money to total reserves ratio?
- Nigeria ranks 69th out of 164 countries with data for 2022.
- Is broad money to total reserves ratio rising or falling in Nigeria?
- Over the last ten years it is up 34.6%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Broad money to total reserves ratio. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under UN SDG Global Database (open, attribution requested).