Nigeria Domestic Credit to Private Sector
Nigeria domestic credit to private sector data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 9.56%.
Nigeria · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
Nigeria · domestic credit to private sector data as percent of GDP.
Countries by domestic credit to private sector
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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 9.56% for Domestic Credit to Private Sector in 2022, the latest available observation in this dataset.
Compared with 2021, the indicator decreased by 0.17 percentage points, from 9.73% to 9.56%.
The latest observation is below the average of the last 10 available observations (11.16%).
Across the five latest available observations (2018–2022), the pattern is lower overall, but uneven.
Within the last 10 available observations, the low was 7.92% in 2019 and the high was 14.61% in 2016.