Nigeria vs South Africa: Liabilities, Insurance Technical Reserves (OFCS)
Nigeria
27.45 trillion
in 2025
South Africa
10.22 trillion
in 2024
Nigeria rank
7th
South Africa rank
10th
Liabilities, Insurance Technical Reserves (OFCS) over time
- Nigeria
- South Africa
How they compare
Nigeria currently reports 27.45 trillion against 10.22 trillion in South Africa, a difference of 17.24 trillion.
That makes Nigeria's figure about 2.7 times South Africa's.
Across all 8 years both countries report, Nigeria has been ahead every year.
Nigeria ranks 7th and South Africa ranks 10th of 65 countries.
Nigeria has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Nigeria | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 8.79 trillion | 6.78 trillion | 2.01 trillion | Nigeria |
| 2020s | 16.32 trillion | 8.66 trillion | 7.66 trillion | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher liabilities, insurance technical reserves (ofcs), Nigeria or South Africa?
- Nigeria, at 27.45 trillion against 10.22 trillion in South Africa as of 2025.
- What is the difference in liabilities, insurance technical reserves (ofcs) between Nigeria and South Africa?
- 17.24 trillion, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and South Africa?
- 8 years are reported by both, from 2017 to 2024.
- How do Nigeria and South Africa rank globally for liabilities, insurance technical reserves (ofcs)?
- Nigeria ranks 7th and South Africa ranks 10th of 65 countries.
- Where does this data come from?
- International Monetary Fund, published as Liabilities, Insurance Technical Reserves (OFCS) (Domestic currency). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Monetary and Financial Statistics (MFS), Other Financial Corporations (OFCs) dataset presents the balance sheet of OFCs highlighting their financial linkages with other economic sectors and nonresidents.