Nigeria Deposit Interest Rate
Nigeria deposit interest rate data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 7.84%.
Nigeria · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
Nigeria · deposit interest rate data as percent of GDP.
Countries by deposit interest rate
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Countries, indicators and comparisons
Prices & Inflation3
Growth & Output9
Public Finance8
Labor Market6
External Sector5
Monetary & Financial7
Population & Society7
Energy & Environment2
Interpretation
Nigeria recorded 7.84% for Deposit Interest Rate in 2023, the latest available observation in this dataset.
Compared with 2022, the indicator increased by 1.88 percentage points, from 5.96% to 7.84%.
The latest observation is above the average of the last 10 available observations (7.68%).
Across the five latest available observations (2019–2023), the pattern is lower overall, but uneven.
Within the last 10 available observations, the low was 4.21% in 2021 and the high was 9.70% in 2018.