Lower middle income vs Nigeria: Saved at a bank or similar financial institution
Lower middle income
20.9%
in 2024
Nigeria
37.7%
in 2024
Lower middle income rank
6th
Nigeria rank
8th
Saved at a bank or similar financial institution over time
- Lower middle income
- Nigeria
How they compare
Nigeria currently reports 37.7% against 20.9% in Lower middle income, a difference of 16.8%.
That makes Nigeria's figure about 1.8 times Lower middle income's.
Across all 5 years both countries report, Nigeria has been ahead every year.
Lower middle income ranks 6th and Nigeria ranks 8th of 10 groups.
Nigeria has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Lower middle income | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 14.4% | 23.7% | 9.3% | Nigeria |
| 2020s | 16.9% | 27.7% | 10.8% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher saved at a bank or similar financial institution, Lower middle income or Nigeria?
- Nigeria, at 37.7% against 20.9% in Lower middle income as of 2024.
- What is the difference in saved at a bank or similar financial institution between Lower middle income and Nigeria?
- 16.8%, with Nigeria ahead.
- How many years of comparable data are there for Lower middle income and Nigeria?
- 5 years are reported by both, from 2011 to 2024.
- How do Lower middle income and Nigeria rank globally for saved at a bank or similar financial institution?
- Lower middle income ranks 6th and Nigeria ranks 8th of 10 groups.
- Where does this data come from?
- Global Findex Database, published as Saved at a bank or similar financial institution (% age 15+). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution in the past year, (% age 15+)