Nigeria - Deposit Rate 1994
13.09%
−10.15pp from 1993
Nigeria's deposit rate was 13.09% in 1994, decreased +10.15pp from 23.24% in 1993. This was the 65th highest globally.
Global Ranking - 1994▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Japan | 1.70% | -20.8% |
| 2nd | Singapore | 3.00% | 30.5% |
| 3rd | Papua New Guinea | 3.35% | 1.1% |
| 4th | Hong Kong SAR, China | 3.54% | - |
| 5th | Grenada | 3.61% | -6.9% |
| 6th | United Kingdom | 3.66% | -7.9% |
| 7th | Oman | 3.80% | -24.5% |
| 8th | St. Lucia | 3.83% | -5.1% |
| 9th | St. Vincent and the Grenadines | 3.89% | -0.3% |
| 10th | Canada | 3.98% | 24.1% |
| 11th | St. Kitts and Nevis | 3.99% | -9.1% |
| 12th | Aruba | 3.99% | -19.8% |
| 13th | Bahrain | 4.00% | 32.2% |
| 14th | Antigua and Barbuda | 4.19% | -16.4% |
| 15th | Macao SAR, China | 4.21% | 53.0% |
| 16th | Bahamas, The | 4.30% | -17.1% |
| 17th | Barbados | 4.32% | -1.7% |
| 18th | Dominica | 4.50% | 7.2% |
| 19th | France | 4.50% | 0.0% |
| 20th | Netherlands | 4.70% | -6.9% |
| 21st | Sweden | 4.76% | -12.8% |
| 22nd | Qatar | 4.84% | 18.8% |
| 23rd | Malaysia | 4.89% | -30.4% |
| 24th | Kuwait | 5.70% | -19.4% |
| 25th | Australia | 5.75% | -0.3% |
| 26th | Panama | 6.11% | 3.6% |
| 27th | Liberia | 6.34% | -16.0% |
| 28th | New Zealand | 6.38% | 2.1% |
| 29th | Croatia | 6.52% | -98.3% |
| 30th | Trinidad and Tobago | 6.91% | -2.2% |
| 31st | Morocco | 6.94% | -18.3% |
| 32nd | Czechia | 7.07% | 0.5% |
| 33rd | Jordan | 7.09% | - |
| 34th | Fiji | 7.15% | -6.4% |
| 35th | Bangladesh | 7.26% | -21.7% |
| 36th | Suriname | 7.45% | 56.8% |
| 37th | Eswatini | 7.54% | -4.5% |
| 38th | Bhutan | 8.00% | 0.0% |
| 39th | Central African Republic | 8.08% | 4.3% |
| 40th | Cameroon | 8.08% | 4.3% |
| 41st | Congo, Republic of | 8.08% | 4.3% |
| 42nd | Gabon | 8.08% | 4.3% |
| 43rd | Equatorial Guinea | 8.08% | 4.3% |
| 44th | Chad | 8.08% | 4.3% |
| 45th | Cambodia | 8.39% | - |
| 46th | Lesotho | 8.43% | 4.5% |
| 47th | Thailand | 8.46% | -1.9% |
| 48th | Belize | 8.55% | 5.1% |
| 49th | Seychelles | 8.85% | -5.5% |
| 50th | Myanmar | 9.00% | 0.0% |
| 51st | Mauritania | 9.00% | 4.3% |
| 52nd | Namibia | 9.18% | -4.5% |
| 53rd | Uganda | 9.99% | -38.5% |
| 54th | Philippines | 10.54% | 9.7% |
| 55th | Botswana | 10.59% | -21.5% |
| 56th | China | 10.98% | 0.0% |
| 57th | Mauritius | 11.04% | 31.5% |
| 58th | Guyana | 11.42% | -6.9% |
| 59th | Honduras | 11.56% | -0.4% |
| 60th | Sierra Leone | 11.63% | -56.9% |
| 61st | Egypt, Arab Republic of | 11.83% | -1.4% |
| 62nd | Lao PDR | 12.00% | -10.0% |
| 63rd | Indonesia | 12.53% | -13.8% |
| 64th | Gambia, The | 12.58% | -3.2% |
| 65th | Nigeria | 13.09% | -43.7% |
| 66th | Dominican Republic | 13.70% | -2.4% |
| 67th | Nicaragua | 14.22% | 0.7% |
| 68th | Lebanon | 14.80% | -4.9% |
| 69th | Mexico | 15.03% | -9.9% |
| 70th | Chile | 15.12% | -17.1% |
| 71st | Kenya | 15.72% | 8.4% |
| 72nd | Costa Rica | 17.72% | 4.9% |
| 73rd | Guinea | 18.00% | -8.9% |
| 74th | Paraguay | 18.16% | 4.6% |
| 75th | Bolivia, Plurinational State of | 18.43% | -16.9% |
| 76th | Madagascar | 19.50% | -2.5% |
| 77th | Hungary | 19.51% | 29.8% |
| 78th | Albania | 19.83% | -27.4% |
| 79th | Tanzania | 21.88% | 23.1% |
| 80th | Peru | 22.35% | -49.4% |
| 81st | Ghana | 23.15% | -2.0% |
| 82nd | Zimbabwe | 26.75% | -9.2% |
| 83rd | Colombia | 29.42% | 13.9% |
| 84th | Mozambique | 33.38% | - |
| 85th | Jamaica | 36.57% | 32.0% |
| 86th | Zambia | 46.14% | -47.6% |
| 87th | Romania | 57.00% | 34.1% |
| 88th | Uruguay | 59.49% | -6.1% |
| 89th | Türkiye | 87.79% | 36.0% |
| 90th | Belarus | 89.60% | 37.7% |
| 91st | Mongolia | 115.71% | -58.7% |
| 92nd | Ukraine | 208.63% | 40.4% |
| 93rd | Brazil | 5,175.24% | 57.1% |
FAQ
What was Nigeria's deposit rate in 1994?▾
Nigeria's deposit rate in 1994 was 13.09%. This ranked 65th globally.
How did Nigeria's deposit rate change in 1994?▾
Nigeria's deposit rate decreased by 43.7% in 1994 compared to 1993.
Which country had the highest deposit rate in 1994?▾
Brazil had the highest deposit rate in 1994 at 5,175.24%.
What is the deposit rate of Nigeria in 1994?▾
The deposit rate of Nigeria in 1994 was 13.09%. This ranked 65th globally.
How does 1994 compare to 1993 for Nigeria's deposit rate?▾
Nigeria's deposit rate went from 23.24% in 1993 to 13.09% in 1994, a 43.7% decrease.
HistorySaid - pattern alert
Nigeria matched the Orthodox Tightening Cycle pattern in 1994. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 29.3%. View full analysis →
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Full ranking 1994
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Peak: 1993
Lowest: 1976
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