Financial soundness indicators in Nigeria
Nigeria: Financial soundness indicators was 3.5% in 2024. ◆ Volatile
Financial soundness indicators in Nigeria, 2007–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, financial soundness indicators in Nigeria stood at 3.5%.
Compared with earlier readings it is up 12.2% on the previous year and up 41.1% over ten years.
Over the whole period, financial soundness indicators in Nigeria peaked at 9.2% in 2007 and was at its lowest, -8.8%, in 2009.
That places Nigeria 24th out of 150 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial soundness indicators in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 9.2% | — |
| 2008 | 4.2% | -53.7% |
| 2009 | -8.8% | -307.5% |
| 2010 | 4.1% | -146.8% |
| 2011 | 0.3% | -93.2% |
| 2012 | 2.4% | +760.7% |
| 2013 | 2.2% | -6.6% |
| 2014 | 2.5% | +10.2% |
| 2015 | 2.5% | +0.8% |
| 2016 | 1.3% | -49.2% |
| 2017 | 2.4% | +89.0% |
| 2018 | 2.0% | -16.7% |
| 2019 | 2.5% | +24.5% |
| 2020 | 2.2% | -12.4% |
| 2021 | 1.4% | -33.5% |
| 2022 | 1.4% | +0.0% |
| 2023 | 3.1% | +115.2% |
| 2024 | 3.5% | +12.2% |
Nigeria compared with similar countries
- Nigeria's 3.5% is above the median for lower middle income countries, which is 2.6%, 1.4× the median. (32 countries reporting)
- Nigeria's 3.5% is above the median for Sub-Saharan Africa, which is 3.3%, 1.1× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Financial soundness indicators in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +760.7% | 0.3% | 2.4% |
| 2009 | -307.5% | 4.2% | -8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.5% | -8.8% | 9.2% | 3 |
| 2010s | 2.2% | 0.3% | 4.1% | 10 |
| 2020s | 2.3% | 1.4% | 3.5% | 5 |
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 financial soundness indicators in Nigeria?
- Financial soundness indicators in Nigeria was 3.5% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest financial soundness indicators recorded in Nigeria?
- The highest recorded value was 9.2% in 2007.
- What is the lowest financial soundness indicators recorded in Nigeria?
- The lowest recorded value was -8.8% in 2009.
- How does Nigeria rank for financial soundness indicators?
- Nigeria ranks 24th out of 150 countries with data for 2024.
- Is financial soundness indicators rising or falling in Nigeria?
- Over the last ten years it is up 41.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Financial soundness indicators. Statizoid updates them automatically from the source API.
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About this data
Return on assets (%).