Liquid Liabilities (Broad Money) for Nigeria
DDOI07NGA648NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,923.85
Year-over-Year Change
22.39%
Date Range
1/1/1960 - 1/1/2020
Summary
The Liquid Liabilities (Broad Money) for Nigeria measures the overall size of the money supply in the Nigerian economy, providing insights into the country's financial depth and liquidity levels.
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, encompass the total value of all financial assets available to the public that can be quickly converted into cash. This metric is a key indicator of a country's monetary and financial development.
Methodology
The data is collected and calculated by the World Bank based on central bank and national accounts statistics.
Historical Context
Policymakers and analysts use this trend to assess the level of financial intermediation and the overall health of Nigeria's monetary system.
Key Facts
- Nigeria's Liquid Liabilities reached a record high of 27.36 trillion Naira in 2021.
- Broad money as a percentage of GDP in Nigeria was 19.7% in 2020.
- Nigeria's Liquid Liabilities have grown by an average of 15.7% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Liquid Liabilities (Broad Money) for Nigeria measures the total value of all financial assets available to the public that can be quickly converted into cash, providing insights into the country's financial depth and liquidity levels.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of a country's monetary and financial development, and is used by policymakers and analysts to assess the level of financial intermediation and the overall health of Nigeria's monetary system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on central bank and national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the level of financial intermediation and the overall health of Nigeria's monetary system, which informs economic and financial policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of up to 2 years for the most recent figures.
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Citation
U.S. Federal Reserve, Liquid Liabilities (Broad Money) for Nigeria (DDOI07NGA648NWDB), retrieved from FRED.