Nigeria - Deposit Rate 1993
23.24%
+5.20pp from 1992
Nigeria's deposit rate was 23.24% in 1993, increased +5.20pp from 18.04% in 1992. This was the 72nd highest globally.
Global Ranking - 1993▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Japan | 2.14% | -36.0% |
| 2nd | Singapore | 2.30% | -19.8% |
| 3rd | Macao SAR, China | 2.75% | -21.4% |
| 4th | Bahrain | 3.03% | -16.6% |
| 5th | Canada | 3.21% | -18.1% |
| 6th | Papua New Guinea | 3.32% | -35.9% |
| 7th | Grenada | 3.88% | 5.6% |
| 8th | St. Vincent and the Grenadines | 3.90% | -1.1% |
| 9th | United Kingdom | 3.97% | -46.8% |
| 10th | St. Lucia | 4.04% | -6.2% |
| 11th | Qatar | 4.08% | -14.2% |
| 12th | Dominica | 4.19% | 5.8% |
| 13th | Barbados | 4.39% | -34.3% |
| 14th | St. Kitts and Nevis | 4.39% | 1.0% |
| 15th | France | 4.50% | 0.0% |
| 16th | Suriname | 4.75% | 5.6% |
| 17th | Aruba | 4.98% | -15.6% |
| 18th | Antigua and Barbuda | 5.01% | -12.9% |
| 19th | Oman | 5.04% | -20.7% |
| 20th | Netherlands | 5.05% | - |
| 21st | Bahamas, The | 5.19% | -15.4% |
| 22nd | Sweden | 5.45% | -30.1% |
| 23rd | Libya | 5.50% | 0.0% |
| 24th | Australia | 5.76% | -19.1% |
| 25th | Panama | 5.90% | 4.0% |
| 26th | New Zealand | 6.24% | -5.2% |
| 27th | Malaysia | 7.03% | -11.5% |
| 28th | Czechia | 7.03% | - |
| 29th | Trinidad and Tobago | 7.06% | 1.1% |
| 30th | Kuwait | 7.07% | -6.8% |
| 31st | Fiji | 7.63% | -1.6% |
| 32nd | Central African Republic | 7.75% | 3.3% |
| 33rd | Cameroon | 7.75% | 3.3% |
| 34th | Congo, Republic of | 7.75% | 3.3% |
| 35th | Gabon | 7.75% | 3.3% |
| 36th | Equatorial Guinea | 7.75% | 3.3% |
| 37th | Chad | 7.75% | 3.3% |
| 38th | Eswatini | 7.89% | -24.8% |
| 39th | Bhutan | 8.00% | 0.0% |
| 40th | Lesotho | 8.06% | -24.0% |
| 41st | Belize | 8.13% | -0.2% |
| 42nd | Mauritius | 8.40% | -16.6% |
| 43rd | Mauritania | 8.63% | 14.7% |
| 44th | Thailand | 8.63% | -2.8% |
| 45th | Myanmar | 9.00% | 0.0% |
| 46th | Bangladesh | 9.27% | -21.9% |
| 47th | Seychelles | 9.37% | -2.0% |
| 48th | Philippines | 9.61% | -32.7% |
| 49th | Namibia | 9.61% | -15.4% |
| 50th | China | 10.98% | 45.2% |
| 51st | Honduras | 11.60% | -6.0% |
| 52nd | Egypt, Arab Republic of | 12.00% | 0.0% |
| 53rd | Guyana | 12.26% | -45.5% |
| 54th | Gambia, The | 13.00% | -6.0% |
| 55th | Lao PDR | 13.33% | -11.1% |
| 56th | Botswana | 13.49% | 7.9% |
| 57th | Dominican Republic | 14.04% | -15.9% |
| 58th | Nicaragua | 14.12% | -3.3% |
| 59th | Indonesia | 14.55% | -25.8% |
| 60th | Hungary | 15.04% | -35.9% |
| 61st | Lebanon | 15.56% | -8.9% |
| 62nd | Uganda | 16.26% | -54.6% |
| 63rd | Mexico | 16.69% | 5.1% |
| 64th | Costa Rica | 16.90% | 6.9% |
| 65th | Paraguay | 17.36% | 9.7% |
| 66th | Tanzania | 17.78% | 4.6% |
| 67th | Chile | 18.24% | -0.3% |
| 68th | Guinea | 19.75% | -14.1% |
| 69th | Madagascar | 20.00% | -2.4% |
| 70th | Viet Nam | 22.04% | - |
| 71st | Bolivia, Plurinational State of | 22.18% | -4.5% |
| 72nd | Nigeria | 23.24% | 28.8% |
| 73rd | Ghana | 23.63% | 44.8% |
| 74th | Colombia | 25.84% | -3.1% |
| 75th | Sierra Leone | 27.00% | -50.6% |
| 76th | Albania | 27.33% | 47.7% |
| 77th | Jamaica | 27.71% | -17.9% |
| 78th | Zimbabwe | 29.45% | 2.9% |
| 79th | Romania | 42.50% | - |
| 80th | Peru | 44.14% | -26.0% |
| 81st | Uruguay | 63.36% | -27.7% |
| 82nd | Türkiye | 64.57% | -6.1% |
| 83rd | Belarus | 65.08% | - |
| 84th | Zambia | 88.13% | 81.7% |
| 85th | Ukraine | 148.63% | 118.6% |
| 86th | Mongolia | 280.20% | -44.0% |
| 87th | Croatia | 379.31% | -12.7% |
| 88th | Brazil | 3,293.50% | 111.1% |
FAQ
What was Nigeria's deposit rate in 1993?▾
Nigeria's deposit rate in 1993 was 23.24%. This ranked 72nd globally.
How did Nigeria's deposit rate change in 1993?▾
Nigeria's deposit rate increased by 28.8% in 1993 compared to 1992.
Which country had the highest deposit rate in 1993?▾
Brazil had the highest deposit rate in 1993 at 3,293.50%.
What is the deposit rate of Nigeria in 1993?▾
The deposit rate of Nigeria in 1993 was 23.24%. This ranked 72nd globally.
How does 1993 compare to 1992 for Nigeria's deposit rate?▾
Nigeria's deposit rate went from 18.04% in 1992 to 23.24% in 1993, a 28.8% increase.
HistorySaid - pattern alert
Nigeria matched the Orthodox Tightening Cycle pattern in 1993. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 72.8%. View full analysis →
Related
1992
1994
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Full ranking 1993
Lending Rate
Real Interest Rate
M2 Money Supply Growth
Credit to GDP
Non-Performing Loans
Peak: 1993
Lowest: 1976
Deposit Rate 1990s
Deposit Rate 2000s
Deposit Rate 2010s
Deposit Rate 2020s
Highest ever
Lowest ever
Average
vs Guinea-Bissau
vs Chad
vs Togo
vs Burkina Faso
Organisation of Islamic Cooperation Deposit Rate
OPEC Deposit Rate
African Union Deposit Rate
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