Liabilities, Broad Money, Liabilities to Depository corporations in Nigeria
Nigeria: Liabilities, Broad Money, Liabilities to Depository corporations was 50.92 in 2023. ◆ Volatile
Liabilities, Broad Money, Liabilities to Depository corporations in Nigeria, 2002–2023
Source: International Monetary Fund.
Analysis
In 2023, liabilities, broad money, liabilities to depository corporations in Nigeria stood at 50.92.
That represents a change of up 188.3% on the previous year and up 256.0% over ten years.
Over the whole period, liabilities, broad money, liabilities to depository corporations in Nigeria peaked at 87.76 in 2007 and was at its lowest, -0.7942, in 2014.
Nigeria ranks 2nd of 149 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Liabilities, Broad Money, Liabilities to Depository corporations in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 18.82 | — |
| 2003 | 13.51 | -28.2% |
| 2004 | 20.68 | +53.0% |
| 2005 | 22.6 | +9.3% |
| 2006 | 36.35 | +60.8% |
| 2007 | 87.76 | +141.4% |
| 2008 | 42.22 | -51.9% |
| 2009 | 14.86 | -64.8% |
| 2010 | 6.72 | -54.8% |
| 2011 | 21.69 | +222.5% |
| 2012 | 27.08 | +24.9% |
| 2013 | 14.3 | -47.2% |
| 2014 | -0.7942 | -105.6% |
| 2015 | 4.09 | -615.0% |
| 2016 | 31.92 | +680.5% |
| 2017 | 1.39 | -95.7% |
| 2018 | 14.98 | +979.5% |
| 2019 | 6.45 | -57.0% |
| 2020 | 11.63 | +80.4% |
| 2021 | 14 | +20.4% |
| 2022 | 17.67 | +26.2% |
| 2023 | 50.92 | +188.3% |
Nigeria compared with similar countries
- Nigeria's 50.92 is above the median for lower middle income countries, which is 12.11, 4.2× the median. (41 countries reporting)
- Nigeria's 50.92 is above the median for Sub-Saharan Africa, which is 11.98, 4.3× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Liabilities, Broad Money, Liabilities to Depository corporations in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +979.5% | 1.39 | 14.98 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.1 | 13.51 | 87.76 | 8 |
| 2010s | 12.78 | -0.7942 | 31.92 | 10 |
| 2020s | 23.56 | 11.63 | 50.92 | 4 |
Countries ranked near Nigeria
More external debt data for Nigeria
- Net financial flows, IBRD 141.84 million NFL, current US$ (2025)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 1,640 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 5.52 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 56.88 billion DOD, current US$ (2025)
- External debt stocks, long-term 111.36 billion DOD, current US$ (2025)
Frequently asked questions
- What is liabilities, broad money, liabilities to depository corporations in Nigeria?
- Liabilities, broad money, liabilities to depository corporations in Nigeria was 50.92 in 2023, according to International Monetary Fund.
- What is the highest liabilities, broad money, liabilities to depository corporations recorded in Nigeria?
- The highest recorded value was 87.76 in 2007.
- What is the lowest liabilities, broad money, liabilities to depository corporations recorded in Nigeria?
- The lowest recorded value was -0.7942 in 2014.
- How does Nigeria rank for liabilities, broad money, liabilities to depository corporations?
- Nigeria ranks 2nd out of 149 countries with data for 2023.
- Is liabilities, broad money, liabilities to depository corporations rising or falling in Nigeria?
- Over the last ten years it is up 256.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Liabilities, Broad Money, Liabilities to Depository corporations (Percent change, corresponding period, previous year). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Depository Corporations dataset consolidates central bank and other depository corporations balance sheets to analyze broad money and depository corporations' financial linkages with other economic sectors and nonresidents.