Nigeria Total Deposits Growth

1993 - 2019 | Monthly | % | CEIC Data

Key information about Nigeria Total Deposit Growth

  • Nigeria Total Deposit Growth was reported at 2.6 % in Dec 2019
  • This records a decrease from the previous number of 12.0 % for Nov 2019
  • Nigeria Total Deposit Growth data is updated monthly, averaging 21.4 % from Nov 1993 to Dec 2019, with 314 observations
  • The data reached an all-time high of 106.6 % in Feb 2007 and a record low of -15.8 % in Feb 2006
  • Nigeria Total Deposit Growth data remains active status in CEIC and is reported by CEIC Data
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Deposits: Y-o-Y Growth: Monthly

CEIC calculates monthly Total Deposits Growth from monthly Total Deposits. Total Deposits is calculated as the sum of Demand Deposits and Time and Savings Deposits. The Central Bank of Lebanon provides Demand Deposits and Time and Savings Deposits in local currency. Total Deposits covers all banks.

View Nigeria's Total Deposits Growth from Nov 1993 to Dec 2019 in the chart:

Nigeria Total Deposits Growth

What was Nigeria's Total Deposits Growth in Dec 2019?

Nigeria Total Deposit Growth was reported at 2.6 % in Dec 2019 See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.6 Dec 2019 12.0 Nov 2019 -15.8 Feb 2006 106.6 Feb 2007 % monthly Nov 1993 - Dec 2019

Total Deposits Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 6.4 Nov 2024 monthly Jul 2008 - Nov 2024
Algeria (%) 2.2 Mar 2024 monthly Jun 2007 - Mar 2024
Argentina (%) 108.1 Jan 2025 monthly Jul 2003 - Jan 2025
Armenia (%) 13.9 Dec 2024 monthly Jan 2001 - Dec 2024
Australia (%) 3.7 Sep 2024 quarterly Sep 2005 - Sep 2024
Austria (%) 2.8 Dec 2024 monthly Sep 1998 - Dec 2024
Azerbaijan (%) 5.1 Dec 2024 monthly Jan 2006 - Dec 2024
Bahrain (%) 1.8 Dec 2024 monthly Jan 2002 - Dec 2024
Bangladesh (%) 7.6 Nov 2024 monthly Dec 1987 - Nov 2024
Belarus (%) 17.3 Dec 2024 monthly Dec 2003 - Dec 2024
Belgium (%) 8.9 Dec 2024 monthly Dec 1997 - Dec 2024
Bolivia (%) 76.1 Sep 2024 quarterly Sep 2015 - Sep 2024
Bosnia and Herzegovina (%) 8.8 Dec 2024 monthly Aug 1998 - Dec 2024
Botswana (%) 3.1 Nov 2024 monthly Dec 2003 - Nov 2024
Brazil (%) 12.3 Sep 2024 quarterly Mar 2001 - Sep 2024
Brunei (%) -0.8 Sep 2024 monthly Jan 2012 - Sep 2024
Bulgaria (%) 9.7 Sep 2024 quarterly Dec 2006 - Sep 2024
Cambodia (%) 16.6 Nov 2024 monthly Jan 1996 - Nov 2024
Canada (%) 7.2 Nov 2024 monthly Jan 2010 - Nov 2024
Chile (%) 10.3 Dec 2021 monthly Jan 2010 - Dec 2021
China (%) 6.3 Dec 2024 monthly Jan 1998 - Dec 2024
Croatia (%) 4.8 Dec 2024 monthly Dec 1994 - Dec 2024
Cyprus (%) 7.2 Dec 2024 monthly Nov 2006 - Dec 2024
Czech Republic (%) 7.8 Dec 2024 monthly Jan 1998 - Dec 2024
Denmark (%) 3.9 Dec 2024 monthly Jan 2004 - Dec 2024
Ecuador (%) 12.7 Dec 2024 monthly Jan 2007 - Dec 2024
Egypt (%) 30.8 Sep 2024 monthly Jun 2005 - Sep 2024
Estonia (%) 8.6 Dec 2024 monthly Jan 1998 - Dec 2024
European Union (%) 3.5 Dec 2024 monthly Sep 1998 - Dec 2024
Finland (%) -2.7 Dec 2024 monthly Jan 2000 - Dec 2024
France (%) 1.3 Dec 2024 monthly Jan 1981 - Dec 2024
Georgia (%) 21.1 Jun 2023 monthly Oct 1996 - Jun 2023
Germany (%) 1.4 Dec 2024 monthly Sep 1998 - Dec 2024
Ghana (%) 38.9 Oct 2024 monthly Jan 2000 - Oct 2024
Greece (%) 3.5 Dec 2024 monthly Jan 2002 - Dec 2024
Hong Kong SAR, China (%) 7.1 Dec 2024 monthly Jan 1992 - Dec 2024
Hungary (%) 5.1 Dec 2024 monthly Jan 1999 - Dec 2024
Iceland (%) 11.5 Dec 2024 monthly Sep 1994 - Dec 2024
India (%) 11.5 Sep 2024 quarterly Dec 1999 - Sep 2024
Indonesia (%) 2.6 Dec 2024 monthly Jan 2000 - Dec 2024
Iran (%) 17.3 2023 yearly 1974 - 2023
Ireland (%) 6.5 Dec 2024 monthly Jan 2004 - Dec 2024
Israel (%) 11.4 Sep 2022 monthly Dec 2008 - Sep 2022
Italy (%) 0.8 Sep 2024 quarterly Mar 1999 - Sep 2024
Ivory Coast (%) 7.8 Sep 2024 monthly Sep 2017 - Sep 2024
Japan (%) 0.3 Dec 2024 monthly Apr 1999 - Dec 2024
Jordan (%) 6.8 Dec 2024 monthly Jan 2001 - Dec 2024
Kazakhstan (%) 19.7 Nov 2024 monthly Dec 1998 - Nov 2024
Kenya (%) 7.4 Jun 2024 monthly Jan 2000 - Jun 2024
South Korea (%) 4.9 Nov 2024 monthly Sep 1993 - Nov 2024
Kosovo (%) 13.7 Dec 2024 monthly Jun 2005 - Dec 2024
Kuwait (%) 1.5 Dec 2024 monthly Jan 1995 - Dec 2024
Kyrgyzstan (%) 37.3 Dec 2024 monthly Jan 1997 - Dec 2024
Laos (%) 36.9 Jun 2024 quarterly Dec 2005 - Jun 2024
Latvia (%) 8.1 Dec 2024 monthly Jan 1994 - Dec 2024
Lithuania (%) 8.1 Dec 2024 monthly Mar 2005 - Dec 2024
Luxembourg (%) 0.9 Dec 2024 quarterly Mar 2004 - Dec 2024
Macau SAR, China (%) 4.1 Dec 2024 monthly Jun 1985 - Dec 2024
North Macedonia (%) 11.0 Nov 2024 monthly Jan 2004 - Nov 2024
Malawi (%) 46.8 Nov 2024 monthly Feb 2006 - Nov 2024
Malaysia (%) 3.0 Dec 2024 monthly Jan 2008 - Dec 2024
Malta (%) 12.1 Dec 2024 monthly Oct 2004 - Dec 2024
Mauritius (%) 16.1 Dec 2024 monthly Jun 2006 - Dec 2024
Mexico (%) 8.3 Dec 2024 monthly Jan 1999 - Dec 2024
Moldova (%) 13.7 Dec 2024 monthly Jan 2001 - Dec 2024
Mongolia (%) 21.7 Dec 2024 monthly Jan 2001 - Dec 2024
Montenegro (%) 6.7 Dec 2024 monthly Jan 2004 - Dec 2024
Mozambique (%) 14.4 May 2020 monthly Jan 2008 - May 2020
Nepal (%) 8.8 Jan 2025 monthly Jan 2002 - Jan 2025
Netherlands (%) 3.8 Dec 2024 monthly Dec 1991 - Dec 2024
New Zealand (%) 4.3 Dec 2024 monthly Dec 2017 - Dec 2024
Nigeria (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Norway (%) -1.5 Dec 2024 monthly May 2010 - Dec 2024
Oman (%) 8.1 Nov 2024 monthly Jan 2001 - Nov 2024
Pakistan (%) 23.8 2023 yearly 1998 - 2023
Palestinian Territory (%) 6.8 Dec 2024 monthly Jan 2001 - Dec 2024
Panama (%) 3.1 Nov 2024 monthly Dec 1999 - Nov 2024
Paraguay (%) 12.5 Dec 2024 monthly Jan 1995 - Dec 2024
Peru (%) 11.1 Dec 2024 monthly Jan 1999 - Dec 2024
Philippines (%) 7.1 Sep 2024 quarterly Mar 2009 - Sep 2024
Poland (%) 10.1 Dec 2024 monthly Dec 1997 - Dec 2024
Portugal (%) 6.8 Dec 2024 monthly Dec 1980 - Dec 2024
Qatar (%) 4.1 Dec 2024 monthly Dec 2002 - Dec 2024
Romania (%) 11.1 Dec 2024 monthly Jan 2008 - Dec 2024
Russia (%) 14.1 Jan 2022 monthly Jan 1999 - Jan 2022
Saudi Arabia (%) 8.9 Dec 2024 monthly Jan 1994 - Dec 2024
Serbia (%) 14.1 Dec 2024 monthly Aug 2002 - Dec 2024
Singapore (%) 3.4 Dec 2024 monthly Jan 1992 - Dec 2024
Slovakia (%) 1.5 Dec 2024 monthly Jan 2016 - Dec 2024
Slovenia (%) 0.9 Dec 2024 monthly Jan 2005 - Dec 2024
South Africa (%) 7.3 Sep 2024 monthly Dec 1987 - Sep 2024
Spain (%) 5.4 Nov 2024 monthly Jan 2004 - Nov 2024
Sri Lanka (%) 10.9 Jul 2024 monthly Dec 2003 - Jul 2024
Sudan (%) 52.3 Feb 2023 monthly Jun 2003 - Feb 2023
Sweden (%) 1.9 Dec 2024 monthly Dec 1976 - Dec 2024
Switzerland (%) 3.5 Nov 2024 monthly Dec 1988 - Nov 2024
Taiwan (%) 6.2 Dec 2024 monthly May 1988 - Dec 2024
Tajikistan (%) 27.5 Nov 2024 monthly Jan 2003 - Nov 2024
Thailand (%) 2.2 Nov 2024 monthly Dec 2001 - Nov 2024
Tunisia (%) 10.9 Dec 2024 monthly Jan 1980 - Dec 2024

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,078.997 Sep 2024 quarterly Mar 2005 - Sep 2024
National Government Debt (USD mn) 86,261.2 Sep 2024 quarterly Dec 2006 - Sep 2024
Government Debt: % of GDP (%) 53.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -35.341 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Growth Rate: MoM (%) 10.446 Jun 2024 monthly Jan 2019 - Jun 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 10.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 43,026.6 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 21,807.151 Nov 2024 monthly Nov 1992 - Nov 2024
Money Supply M2 (USD mn) 65,496.541 Nov 2024 monthly Nov 1992 - Nov 2024
M2 Growth (%) 52.7 Nov 2024 monthly Nov 1993 - Nov 2024
Reserve Requirement Ratio (%) 50.0 Jan 2025 monthly Nov 2005 - Jan 2025
Foreign Exchange Reserves (USD mn) 35,920.0 Aug 2024 monthly Jan 1960 - Aug 2024
Foreign Exchange Reserves: % of GDP (%) 14.124 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 10.7 Aug 2024 monthly Jan 2003 - Aug 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 69,482.4 Nov 2024 monthly Nov 1992 - Nov 2024
Domestic Credit Growth (%) 35.4 Nov 2024 monthly Nov 1993 - Nov 2024
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 30,871,571.250 Nov 2024 monthly Jan 1993 - Nov 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 72,672,756.900 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,273,927.360 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M2 (NGN mn) 108,946,684.260 Nov 2024 monthly Nov 1992 - Nov 2024
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

More Indicators for Nigeria

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