Annual broad money growth in Nigeria
Nigeria: Annual broad money growth was 17.4% in 2022. ◆ Volatile
Annual broad money growth in Nigeria, 2000–2022
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual broad money growth in Nigeria is 17.4%, measured in 2022.
Compared with earlier readings it is up 22.4% on the previous year and down 35.7% over ten years.
Over the whole period, annual broad money growth in Nigeria peaked at 87.8% in 2007 and was at its lowest, -0.8%, in 2014.
That places Nigeria 21st out of 147 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual broad money growth in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 48.1% | — |
| 2001 | 26.4% | -45.1% |
| 2002 | 18.8% | -28.6% |
| 2003 | 13.5% | -28.2% |
| 2004 | 20.7% | +53.0% |
| 2005 | 22.6% | +9.3% |
| 2006 | 36.4% | +60.8% |
| 2007 | 87.8% | +141.4% |
| 2008 | 42.2% | -51.9% |
| 2009 | 14.9% | -64.8% |
| 2010 | 6.7% | -54.8% |
| 2011 | 21.7% | +222.5% |
| 2012 | 27.1% | +24.9% |
| 2013 | 14.3% | -47.2% |
| 2014 | -0.8% | -105.6% |
| 2015 | 4.1% | -615.0% |
| 2016 | 31.9% | +680.5% |
| 2017 | 1.4% | -95.7% |
| 2018 | 15.0% | +979.5% |
| 2019 | 6.4% | -57.0% |
| 2020 | 11.6% | +80.4% |
| 2021 | 14.2% | +22.4% |
| 2022 | 17.4% | +22.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.1% | 13.5% | 87.8% | 10 |
| 2010s | 12.8% | -0.8% | 31.9% | 10 |
| 2020s | 14.4% | 11.6% | 17.4% | 3 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current US$), annual growth 15.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9765 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,196 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,483 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.82 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.88 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual broad money growth in Nigeria?
- Annual broad money growth in Nigeria was 17.4% in 2022, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual broad money growth recorded in Nigeria?
- The highest recorded value was 87.8% in 2007.
- What is the lowest annual broad money growth recorded in Nigeria?
- The lowest recorded value was -0.8% in 2014.
- How does Nigeria rank for annual broad money growth?
- Nigeria ranks 21st out of 147 countries with data for 2022.
- Is annual broad money growth rising or falling in Nigeria?
- Over the last ten years it is down 35.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual broad money growth (%). Statizoid updates them automatically from the source API.
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