Financial soundness indicators in Nigeria
Nigeria: Financial soundness indicators was 3.1% in 2023. ◆ Volatile
Financial soundness indicators in Nigeria, 2007–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2023, financial soundness indicators in Nigeria stood at 3.1%.
Compared with earlier readings it is up 115.2% on the previous year and up 38.7% 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 31st out of 146 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
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 | 2.0% | 1.4% | 3.1% | 4 |
Countries ranked near Nigeria
More reference data data for Nigeria
- Spring temperature anomalies 0.3216 °C (2026)
- Summer temperature anomalies 0.3105 °C (2026)
- Temperature anomalies by month 1.8 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.4187 °C (2025)
- Winter temperature anomalies 1.76 °C (2025)
- Consumer price index 860.32 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is financial soundness indicators in Nigeria?
- Financial soundness indicators in Nigeria was 3.1% in 2023, 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 31st out of 146 countries with data for 2023.
- Is financial soundness indicators rising or falling in Nigeria?
- Over the last ten years it is up 38.7%. 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.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Return on assets (%)