Bank Non-Performing Loans to Gross Loans for Nigeria
DDSI02NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.02
Year-over-Year Change
-4.37%
Date Range
1/1/1998 - 1/1/2020
Summary
This economic indicator measures the ratio of bank non-performing loans to total gross loans in Nigeria. It provides insight into the health and stability of the Nigerian banking sector.
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
The bank non-performing loans to gross loans ratio tracks the percentage of a country's total gross loans that are non-performing, meaning the borrower has failed to make interest or principal payments for at least 90 days. This metric is a key indicator of credit risk and banking system resilience.
Methodology
The data is collected and calculated by the World Bank from national banking authorities.
Historical Context
Policymakers and analysts use this metric to assess the soundness of the Nigerian financial system and identify potential risks.
Key Facts
- Nigeria's bank non-performing loans to gross loans ratio was 6.1% in 2020.
- This metric reached a high of 11.7% in 2017 before declining in recent years.
- High non-performing loan ratios can indicate weaknesses in a country's banking sector.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the ratio of non-performing loans to total gross loans in the Nigerian banking system. It provides insight into credit quality and financial stability.
Q: Why is this trend relevant for users or analysts?
A: The non-performing loan ratio is a key metric for assessing the health and resilience of a country's banking sector. High levels of non-performing loans can signal broader economic and credit risks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information provided by Nigerian banking authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the stability of the Nigerian financial system and identify potential risks that may require regulatory or policy interventions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in reflecting the most recent banking sector conditions in Nigeria.
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Citation
U.S. Federal Reserve, Bank Non-Performing Loans to Gross Loans for Nigeria (DDSI02NGA156NWDB), retrieved from FRED.