Broad money to total reserves ratio in Nigeria
Nigeria: Broad money to total reserves ratio was 3.46 ratio in 2022. ▲ Rising
Broad money to total reserves ratio in Nigeria, 2000–2022
Source: International Monetary Fund – processed by Our World in Data. Measured in ratio.
Analysis
The most recent figure for broad money to total reserves ratio in Nigeria is 3.46 ratio, measured in 2022.
The figure is up 25.8% on the previous year and up 34.6% over ten years.
Over the whole period, broad money to total reserves ratio in Nigeria peaked at 3.95 ratio in 2016 and was at its lowest, 0.65 ratio, in 2006.
Nigeria ranks 60th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.22 ratio | 0.65 ratio | 1.84 ratio | 10 |
| 2010s | 2.99 ratio | 2.3 ratio | 3.95 ratio | 10 |
| 2020s | 3.06 ratio | 2.75 ratio | 3.46 ratio | 3 |
Countries ranked near Nigeria
More reference data data for Nigeria
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- Temperature anomalies by month 1.8 °C (2026)
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- Autumn temperature anomalies 0.4187 °C (2025)
- Winter temperature anomalies 1.76 °C (2025)
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- Competitive elections 0 (2025)
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Frequently asked questions
- What is broad money to total reserves ratio in Nigeria?
- Broad money to total reserves ratio in Nigeria was 3.46 ratio in 2022, according to International Monetary Fund – processed by Our World in Data.
- What is the highest broad money to total reserves ratio recorded in Nigeria?
- The highest recorded value was 3.95 ratio in 2016.
- What is the lowest broad money to total reserves ratio recorded in Nigeria?
- The lowest recorded value was 0.65 ratio in 2006.
- How does Nigeria rank for broad money to total reserves ratio?
- Nigeria ranks 60th out of 152 countries with data for 2022.
- Is broad money to total reserves ratio rising or falling in Nigeria?
- Over the last ten years it is up 34.6%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Broad money to total reserves ratio. Statizoid updates them automatically from the source API.
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About this data
Broad money to total reserves ratio