Annual broad money growth in Nigeria
Nigeria: Annual broad money growth was 17.42 in 2022. ◆ Volatile
Latest (2022)
17.42
Change on year
up 22.3%
World rank
28th
of 163 countries
All-time high
87.76
in 2007
All-time low
-0.79
in 2014
Years of data
23
2000–2022
Annual broad money growth in Nigeria, 2000–2022
Source: Our World in Data.
Analysis
The most recent figure for annual broad money growth in Nigeria is 17.42, measured in 2022.
Compared with earlier readings it is up 22.3% on the previous year and down 35.7% over ten years.
Over the whole period, annual broad money growth in Nigeria peaked at 87.76 in 2007 and was at its lowest, -0.79, in 2014.
That places Nigeria 28th out of 163 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.12 | 13.51 | 87.76 | 10 |
| 2010s | 12.78 | -0.79 | 31.92 | 10 |
| 2020s | 14.43 | 11.63 | 17.42 | 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)
- Taxes less subsidies on products (current US$), annual growth rate 22.87 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0235 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 28.71 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 26.23 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 35.61 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 43,596 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0005 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1,966 (2025)
Frequently asked questions
- What is annual broad money growth in Nigeria?
- Annual broad money growth in Nigeria was 17.42 in 2022, according to Our World in Data.
- What is the highest annual broad money growth recorded in Nigeria?
- The highest recorded value was 87.76 in 2007.
- What is the lowest annual broad money growth recorded in Nigeria?
- The lowest recorded value was -0.79 in 2014.
- How does Nigeria rank for annual broad money growth?
- Nigeria ranks 28th out of 163 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 Our World in Data, published as part of Annual broad money growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (Our World in Data).