Domestic finance, S1 - Entry barriers in Nigeria
Nigeria: Domestic finance, S1 - Entry barriers was 3 in 2014. ▲ Rising
Latest (2014)
3
Change on year
unchanged
World rank
1st
of 90 countries
All-time high
3
in 1990
All-time low
1
in 1977
Years of data
42
1973–2014
Domestic finance, S1 - Entry barriers in Nigeria, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for domestic finance, s1 - entry barriers in Nigeria is 3, measured in 2014. That is the highest value across all 42 years on record.
The figure is unchanged over ten years.
Over the whole period, domestic finance, s1 - entry barriers in Nigeria peaked at 3 in 1990 and was at its lowest, 1, in 1977.
Nigeria ranks 1st of 90 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.57 | 1 | 2 | 7 |
| 1980s | 2 | 2 | 2 | 10 |
| 1990s | 3 | 3 | 3 | 10 |
| 2000s | 3 | 3 | 3 | 10 |
| 2010s | 3 | 3 | 3 | 5 |
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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 domestic finance, s1 - entry barriers in Nigeria?
- Domestic finance, s1 - entry barriers in Nigeria was 3 in 2014, according to International Monetary Fund.
- What is the highest domestic finance, s1 - entry barriers recorded in Nigeria?
- The highest recorded value was 3 in 1990.
- What is the lowest domestic finance, s1 - entry barriers recorded in Nigeria?
- The lowest recorded value was 1 in 1977.
- How does Nigeria rank for domestic finance, s1 - entry barriers?
- Nigeria ranks 1st out of 90 countries with data for 2014.
- Is domestic finance, s1 - entry barriers rising or falling in Nigeria?
- Over the last ten years it is unchanged. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Domestic finance, S1 - Entry barriers. Statizoid updates them automatically from the source API.
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.