Liquid Liabilities to GDP for Nigeria
DDDI05NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.89
Year-over-Year Change
-1.03%
Date Range
1/1/1960 - 1/1/2021
Summary
The Liquid Liabilities to GDP ratio measures the size of a country's financial system relative to its economic output. It is an important indicator of financial development and the availability of credit in the Nigerian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Liquid liabilities, also known as broad money, include currency, deposits, and other liabilities of banks and other financial institutions. This metric provides insight into the overall depth and breadth of Nigeria's financial system and its ability to facilitate economic transactions.
Methodology
The data is collected and calculated by the World Bank using national financial statistics.
Historical Context
Policymakers and analysts use this indicator to assess the financial health and growth potential of the Nigerian economy.
Key Facts
- Nigeria's Liquid Liabilities to GDP ratio was 23.78% in 2020.
- The ratio has increased from 12.7% in 1980, indicating financial sector growth.
- Nigeria has a relatively underdeveloped financial system compared to other emerging economies.
FAQs
Q: What does this economic trend measure?
A: The Liquid Liabilities to GDP ratio measures the size of Nigeria's financial system relative to its overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and breadth of Nigeria's financial sector, which is crucial for economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national financial statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the financial health and growth potential of the Nigerian economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of 1-2 years.
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Citation
U.S. Federal Reserve, Liquid Liabilities to GDP for Nigeria (DDDI05NGA156NWDB), retrieved from FRED.