Nigeria - Deposit Rate 1987
13.09%
+3.85pp from 1986
Nigeria's deposit rate was 13.09% in 1987, increased +3.85pp from 9.24% in 1986. This was the 45th highest globally.
Global Ranking - 1987▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Myanmar | 1.50% | 0.0% |
| 2nd | Japan | 2.75% | -24.0% |
| 3rd | Singapore | 2.89% | -26.2% |
| 4th | Malaysia | 3.00% | -57.6% |
| 5th | Grenada | 3.06% | 8.6% |
| 6th | St. Lucia | 3.23% | -28.1% |
| 7th | Macao SAR, China | 3.50% | 0.0% |
| 8th | Barbados | 3.61% | -15.8% |
| 9th | St. Kitts and Nevis | 4.14% | 1.3% |
| 10th | France | 4.50% | -10.0% |
| 11th | Dominica | 4.70% | 0.0% |
| 12th | Eswatini | 4.89% | -35.6% |
| 13th | Bahrain | 5.00% | -10.4% |
| 14th | Antigua and Barbuda | 5.09% | -3.9% |
| 15th | St. Vincent and the Grenadines | 5.15% | -0.4% |
| 16th | Bahamas, The | 5.50% | -1.3% |
| 17th | Libya | 5.50% | 0.0% |
| 18th | Canada | 5.69% | -19.7% |
| 19th | Kuwait | 5.73% | -15.8% |
| 20th | Liberia | 5.88% | -18.9% |
| 21st | Mauritania | 6.00% | -8.9% |
| 22nd | Qatar | 6.00% | 0.0% |
| 23rd | Trinidad and Tobago | 6.03% | -0.1% |
| 24th | Papua New Guinea | 6.33% | -16.4% |
| 25th | Bhutan | 6.50% | 0.0% |
| 26th | Aruba | 6.58% | 2.9% |
| 27th | Panama | 6.59% | 1.4% |
| 28th | Lesotho | 7.00% | -30.3% |
| 29th | China | 7.20% | 0.0% |
| 30th | Botswana | 7.50% | -13.5% |
| 31st | Oman | 7.71% | -8.3% |
| 32nd | Philippines | 8.20% | -27.1% |
| 33rd | Morocco | 8.50% | 0.0% |
| 34th | United Kingdom | 8.57% | -13.0% |
| 35th | Mauritius | 9.38% | -1.3% |
| 36th | Thailand | 9.50% | -2.6% |
| 37th | Zimbabwe | 9.58% | -6.8% |
| 38th | Belize | 9.58% | -19.0% |
| 39th | Honduras | 9.62% | -0.9% |
| 40th | Seychelles | 10.00% | 0.0% |
| 41st | Kenya | 10.31% | -8.3% |
| 42nd | Egypt, Arab Republic of | 11.00% | 0.0% |
| 43rd | Guyana | 11.08% | -7.6% |
| 44th | Sierra Leone | 12.67% | -10.6% |
| 45th | Nigeria | 13.09% | 41.7% |
| 46th | Zambia | 13.23% | -25.4% |
| 47th | Bangladesh | 13.61% | 0.0% |
| 48th | Costa Rica | 14.06% | -15.7% |
| 49th | Australia | 14.88% | -8.2% |
| 50th | Guinea | 15.00% | - |
| 51st | Jamaica | 15.71% | -16.6% |
| 52nd | Gambia, The | 15.75% | -2.3% |
| 53rd | Tanzania | 15.75% | 85.3% |
| 54th | Somalia, Fed. Rep. | 16.25% | 6.1% |
| 55th | Ghana | 17.58% | 3.4% |
| 56th | Uganda | 20.00% | -14.3% |
| 57th | Lebanon | 21.18% | 29.0% |
| 58th | Chile | 25.28% | 32.8% |
| 59th | Bolivia, Plurinational State of | 30.35% | - |
| 60th | Colombia | 30.79% | -1.8% |
| 61st | Türkiye | 35.00% | -13.8% |
| 62nd | Mexico | 94.96% | 21.1% |
| 63rd | Uruguay | 97.86% | -1.4% |
| 64th | Brazil | 399.67% | 266.3% |
FAQ
What was Nigeria's deposit rate in 1987?▾
Nigeria's deposit rate in 1987 was 13.09%. This ranked 45th globally.
How did Nigeria's deposit rate change in 1987?▾
Nigeria's deposit rate increased by 41.7% in 1987 compared to 1986.
Which country had the highest deposit rate in 1987?▾
Brazil had the highest deposit rate in 1987 at 399.67%.
What is the deposit rate of Nigeria in 1987?▾
The deposit rate of Nigeria in 1987 was 13.09%. This ranked 45th globally.
How does 1987 compare to 1986 for Nigeria's deposit rate?▾
Nigeria's deposit rate went from 9.24% in 1986 to 13.09% in 1987, a 41.7% increase.
HistorySaid - pattern alert
Nigeria matched the Fiscal Dominance Trap pattern in 1987. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 50.5%. View full analysis →
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