External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Nigeria
DDOI10NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.44
Year-over-Year Change
-6.47%
Date Range
1/1/1995 - 1/1/2021
Summary
This economic trend measures the external loans and deposits of reporting banks in Nigeria in relation to the overall banking sector. It provides insights into Nigeria's cross-border banking activities and integration with the global financial system.
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 'External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Nigeria' series tracks the foreign assets and liabilities of Nigerian banks as a percentage of the total banking sector. This helps analysts assess Nigeria's financial openness and exposure to international markets.
Methodology
The data is collected and reported by the World Bank using information submitted by national authorities.
Historical Context
Policymakers and economists use this metric to gauge Nigeria's financial integration and vulnerabilities to global shocks.
Key Facts
- Nigeria's external bank loans/deposits were 7.8% of total banking sector in 2020.
- This metric has fluctuated between 5-10% over the past decade.
- Nigeria's financial openness lags many other emerging markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the external loans and deposits of Nigerian banks as a percentage of the total banking sector. It provides insight into Nigeria's level of financial integration with the global economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Nigeria's financial openness, exposure to global shocks, and overall integration with international markets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using information submitted by Nigerian authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge Nigeria's financial vulnerabilities and guide policies around financial stability and openness.
Q: Are there update delays or limitations?
A: There can be lags in data reporting, and the metric only covers the banking sector, not the broader economy.
Related Trends
Value of Exports to Nigeria from Mississippi
MSNGAA052SCEN
Value of Exports to Nigeria from Massachusetts
MANGAA052SCEN
U.S. Imports of Goods by Customs Basis from Nigeria
IMP7530
Number of Identified Exporters to Nigeria from Oklahoma
OKNGAA475SCEN
People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Nigeria
DDAI07NGA156NWDB
Lerner Index in Banking Market for Nigeria
DDOI04NGA066NWDB
Citation
U.S. Federal Reserve, External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Nigeria (DDOI10NGA156NWDB), retrieved from FRED.