Account at financial institution in Nigeria
Nigeria: Account at financial institution was 63.26 in 2024. ▲ Rising
Latest (2024)
63.26
Change on year
up 39.6%
World rank
73rd
of 115 countries
All-time high
63.26
in 2024
All-time low
29.67
in 2011
Years of data
5
2011–2024
Account at financial institution in Nigeria, 2011–2024
Source: Our World in Data.
Analysis
In 2024, account at financial institution in Nigeria stood at 63.26. That is the highest value across all 5 years on record.
The figure is up 39.6% on the previous year and up 42.3% over ten years.
Over the whole period, account at financial institution in Nigeria peaked at 63.26 in 2024 and was at its lowest, 29.67, in 2011.
Nigeria ranks 73rd of 115 countries on this measure, in the middle of the range.
Account at financial institution in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 29.67 | — |
| 2014 | 44.44 | +49.8% |
| 2017 | 39.67 | -10.7% |
| 2021 | 45.32 | +14.2% |
| 2024 | 63.26 | +39.6% |
Nigeria compared with similar countries
- Nigeria's 63.26 is above the median for lower middle income countries, which is 56.21, 1.1× the median. (28 countries reporting)
- Nigeria's 63.26 is above the median for Sub-Saharan Africa, which is 56.5, 1.1× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 37.93 | 29.67 | 44.44 | 3 |
| 2020s | 54.29 | 45.32 | 63.26 | 2 |
Countries ranked near Nigeria
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is account at financial institution in Nigeria?
- Account at financial institution in Nigeria was 63.26 in 2024, according to Our World in Data.
- What is the highest account at financial institution recorded in Nigeria?
- The highest recorded value was 63.26 in 2024.
- What is the lowest account at financial institution recorded in Nigeria?
- The lowest recorded value was 29.67 in 2011.
- How does Nigeria rank for account at financial institution?
- Nigeria ranks 73rd out of 115 countries with data for 2024.
- Is account at financial institution rising or falling in Nigeria?
- Over the last ten years it is up 42.3%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Our World in Data, published as part of Account at financial institution. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (Our World in Data).