Broad money to total reserves ratio in Nigeria
Nigeria: Broad money to total reserves ratio was 3.46 ratio in 2022. β² Rising
Broad money to total reserves ratio in Nigeria, 2000β2022
Source: United Nations Statistics Division, SDG Global Database. Measured in ratio.
Analysis
The most recent figure for broad money to total reserves ratio in Nigeria is 3.46 ratio, 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 ratio in 2016 and was at its lowest, 0.6545 ratio, in 2006.
Nigeria ranks 63rd of 151 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.22 ratio | 0.6545 ratio | 1.84 ratio | 10 |
| 2010s | 2.99 ratio | 2.3 ratio | 3.95 ratio | 10 |
| 2020s | 3.06 ratio | 2.75 ratio | 3.46 ratio | 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)
- Air transport, registered carrier departures worldwide 61,466 (2023)
- Air transport, freight 3.14 million ton-km (2023)
- Air transport, passengers carried 5.27 million (2023)
- Renewable internal freshwater resources, total 221 billion cubic meters (2022)
- Renewable internal freshwater resources per capita 990.36 cubic meters (2022)
- Individuals using the Internet 41.2% (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 ratio 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 ratio in 2016.
- What is the lowest broad money to total reserves ratio recorded in Nigeria?
- The lowest recorded value was 0.6545 ratio in 2006.
- How does Nigeria rank for broad money to total reserves ratio?
- Nigeria ranks 63rd out of 151 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 Β· JSON β 23 observations, free to reuse under UN SDG Global Database (open, attribution requested).