Total Credit — Value US$, 2015 prices in Nigeria
Nigeria: Total Credit — Value US$, 2015 prices was 106,081 million USD in 2023. ◆ Volatile
Total Credit — Value US$, 2015 prices in Nigeria, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total credit — value us$, 2015 prices in Nigeria is 106,081 million USD, measured in 2023. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 34.2% on the previous year and up 89.6% over ten years.
Over the whole period, total credit — value us$, 2015 prices in Nigeria peaked at 106,081 million USD in 2023 and was at its lowest, 6,772 million USD, in 1996.
That places Nigeria 40th out of 166 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total Credit — Value US$, 2015 prices in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 8,269 million USD | — |
| 1992 | 7,687 million USD | -7.0% |
| 1993 | 8,350 million USD | +8.6% |
| 1994 | 8,355 million USD | +0.1% |
| 1995 | 7,312 million USD | -12.5% |
| 1996 | 6,772 million USD | -7.4% |
| 1997 | 14,674 million USD | +116.7% |
| 1998 | 9,796 million USD | -33.2% |
| 1999 | 10,215 million USD | +4.3% |
| 2000 | 13,113 million USD | +28.4% |
| 2001 | 18,659 million USD | +42.3% |
| 2002 | 18,472 million USD | -1.0% |
| 2003 | 21,324 million USD | +15.4% |
| 2004 | 21,879 million USD | +2.6% |
| 2005 | 23,751 million USD | +8.6% |
| 2006 | 24,487 million USD | +3.1% |
| 2007 | 41,724 million USD | +70.4% |
| 2008 | 62,202 million USD | +49.1% |
| 2009 | 74,287 million USD | +19.4% |
| 2010 | 54,373 million USD | -26.8% |
| 2011 | 47,299 million USD | -13.0% |
| 2012 | 48,209 million USD | +1.9% |
| 2013 | 55,950 million USD | +16.1% |
| 2014 | 68,810 million USD | +23.0% |
| 2015 | 68,001 million USD | -1.2% |
| 2016 | 77,285 million USD | +13.7% |
| 2017 | 67,926 million USD | -12.1% |
| 2018 | 59,249 million USD | -12.8% |
| 2019 | 60,958 million USD | +2.9% |
| 2020 | 66,998 million USD | +9.9% |
| 2021 | 72,792 million USD | +8.6% |
| 2022 | 79,068 million USD | +8.6% |
| 2023 | 106,081 million USD | +34.2% |
Nigeria compared with similar countries
- Nigeria's 106,081 million USD is above the median for lower middle income countries, which is 3,952 million USD, 26.8× the median. (38 countries reporting)
- Nigeria's 106,081 million USD is above the median for Sub-Saharan Africa, which is 1,755 million USD, 60.4× the median. (42 countries reporting)
Biggest year-on-year movements
Years where Total Credit — Value US$, 2015 prices in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +116.7% | 6,772 million USD | 14,674 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9,048 million USD | 6,772 million USD | 14,674 million USD | 9 |
| 2000s | 31,990 million USD | 13,113 million USD | 74,287 million USD | 10 |
| 2010s | 60,806 million USD | 47,299 million USD | 77,285 million USD | 10 |
| 2020s | 81,235 million USD | 66,998 million USD | 106,081 million USD | 4 |
Countries ranked near Nigeria
More agriculture & rural data for Nigeria
- Agriculture, forestry, and fishing, value added (current US$), annual 2.38 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.2298 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 281.32 current US$ per person (2025)
- Rural population, annual growth rate -0.1218 % change on previous year (2025)
- Rural population, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Rural population, per capita 0.3622 units per person (2025)
- Share of GDP from agriculture 23.0% (2025)
- Agriculture as a share of GDP vs. GDP per capita 23.0% (2025)
- Agricultural raw materials exports 0.4% (2024)
- Agricultural raw materials imports 0.6% (2024)
Frequently asked questions
- What is total credit — value us$, 2015 prices in Nigeria?
- Total credit — value us$, 2015 prices in Nigeria was 106,081 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 106,081 million USD in 2023.
- What is the lowest total credit — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 6,772 million USD in 1996.
- How does Nigeria rank for total credit — value us$, 2015 prices?
- Nigeria ranks 40th out of 166 countries with data for 2023.
- Is total credit — value us$, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is up 89.6%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.