Stock Market Total Value Traded to GDP for Nigeria
DDDM02NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-88.34%
Date Range
1/1/1993 - 1/1/2020
Summary
The Stock Market Total Value Traded to GDP for Nigeria measures the total value of shares traded on the Nigerian stock exchange as a percentage of the country's gross domestic product. This metric provides insight into the size and activity of Nigeria's equity markets relative to the overall 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
This indicator represents the liquidity of Nigeria's stock market by comparing the total value of shares traded to the size of the national economy. It is used by economists and policymakers to assess the development and efficiency of the country's financial system.
Methodology
The data is calculated by the World Bank using information from national stock exchanges and national accounts.
Historical Context
This metric is relevant for understanding Nigeria's capital markets and their role in economic growth and development.
Key Facts
- Nigeria's stock market value traded was 7.4% of GDP in 2020.
- This indicator peaked at 31.5% in 2007 before declining during the global financial crisis.
- A more liquid stock market is associated with higher economic growth in emerging economies.
FAQs
Q: What does this economic trend measure?
A: The Stock Market Total Value Traded to GDP for Nigeria measures the total value of shares traded on the Nigerian stock exchange as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and activity of Nigeria's equity markets relative to the overall economy, which is useful for assessing the development and efficiency of the country's financial system.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information from national stock exchanges and national accounts.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding Nigeria's capital markets and their role in economic growth and development, which is of interest to policymakers.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with the latest year available typically lagging the current year by 1-2 years.
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Citation
U.S. Federal Reserve, Stock Market Total Value Traded to GDP for Nigeria (DDDM02NGA156NWDB), retrieved from FRED.