Nigeria - Deposit Rate 2021
4.21%
−0.44pp from 2020
Nigeria's deposit rate was 4.21% in 2021, decreased +0.44pp from 4.65% in 2020. This was the 82nd highest globally.
Global Ranking - 2021▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Switzerland | -0.42% | -9.1% |
| 2nd | Bulgaria | 0.02% | 18.5% |
| 3rd | Hong Kong SAR, China | 0.02% | -65.7% |
| 4th | South Sudan | 0.04% | -50.7% |
| 5th | Micronesia, Federated States of | 0.04% | -42.9% |
| 6th | Singapore | 0.12% | -33.6% |
| 7th | Brunei Darussalam | 0.14% | -39.8% |
| 8th | Barbados | 0.15% | 0.0% |
| 9th | Macao SAR, China | 0.16% | -21.0% |
| 10th | Czechia | 0.23% | -23.1% |
| 11th | Norway | 0.30% | -49.5% |
| 12th | Montenegro | 0.37% | -8.2% |
| 13th | Thailand | 0.41% | -34.7% |
| 14th | Israel | 0.44% | -19.4% |
| 15th | Papua New Guinea | 0.45% | -49.6% |
| 16th | Solomon Islands | 0.46% | -6.6% |
| 17th | Albania | 0.48% | 15.3% |
| 18th | Vanuatu | 0.52% | -20.1% |
| 19th | Bahamas, The | 0.52% | 15.4% |
| 20th | Bosnia and Herzegovina | 0.58% | -27.6% |
| 21st | San Marino | 0.61% | -20.8% |
| 22nd | Timor-Leste | 0.64% | -1.7% |
| 23rd | Mexico | 0.65% | -55.9% |
| 24th | Cabo Verde | 0.67% | -24.3% |
| 25th | Peru | 0.70% | -62.6% |
| 26th | Mauritius | 0.71% | -59.0% |
| 27th | Guyana | 0.80% | -6.1% |
| 28th | Hungary | 1.01% | 117.1% |
| 29th | New Zealand | 1.02% | -39.5% |
| 30th | Grenada | 1.17% | 0.3% |
| 31st | North Macedonia | 1.19% | -19.6% |
| 32nd | Korea | 1.20% | 3.1% |
| 33rd | Chile | 1.28% | 48.9% |
| 34th | Kyrgyz Republic | 1.29% | -5.8% |
| 35th | St. Lucia | 1.39% | -9.0% |
| 36th | Cambodia | 1.40% | -6.1% |
| 37th | Kuwait | 1.40% | -13.7% |
| 38th | Botswana | 1.43% | -8.0% |
| 39th | Nicaragua | 1.49% | -30.3% |
| 40th | China | 1.50% | 0.0% |
| 41st | Trinidad and Tobago | 1.50% | 0.0% |
| 42nd | Malaysia | 1.56% | -20.1% |
| 43rd | Romania | 1.58% | -18.0% |
| 44th | Antigua and Barbuda | 1.58% | 4.5% |
| 45th | Costa Rica | 1.61% | -37.8% |
| 46th | Lesotho | 1.66% | -13.1% |
| 47th | Dominica | 1.68% | -7.2% |
| 48th | Aruba | 1.70% | 30.8% |
| 49th | St. Vincent and the Grenadines | 1.73% | -0.2% |
| 50th | Comoros | 1.75% | 0.0% |
| 51st | Algeria | 1.75% | 0.0% |
| 52nd | Eswatini | 1.78% | -27.8% |
| 53rd | Qatar | 1.88% | -25.3% |
| 54th | Tonga | 1.89% | -8.6% |
| 55th | Colombia | 2.07% | -38.6% |
| 56th | Samoa | 2.11% | -20.7% |
| 57th | Belize | 2.23% | 2.3% |
| 58th | West Bank and Gaza | 2.24% | -7.9% |
| 59th | St. Kitts and Nevis | 2.26% | 1.4% |
| 60th | São Tomé and Principe | 2.38% | -18.9% |
| 61st | Dominican Republic | 2.49% | -46.5% |
| 62nd | Morocco | 2.57% | -10.4% |
| 63rd | Fiji | 2.58% | -11.0% |
| 64th | Jamaica | 2.59% | 5.2% |
| 65th | Seychelles | 2.79% | -19.5% |
| 66th | Namibia | 2.94% | -29.4% |
| 67th | Bhutan | 3.00% | 0.0% |
| 68th | Bolivia, Plurinational State of | 3.16% | -10.8% |
| 69th | Guinea | 3.33% | -0.1% |
| 70th | Viet Nam | 3.38% | -18.1% |
| 71st | Paraguay | 3.42% | 1.7% |
| 72nd | Jordan | 3.44% | -15.7% |
| 73rd | Moldova | 3.46% | -9.8% |
| 74th | Indonesia | 3.67% | -33.4% |
| 75th | Maldives | 3.69% | -0.8% |
| 76th | Russian Federation | 3.79% | 0.5% |
| 77th | Uruguay | 3.80% | -20.8% |
| 78th | South Africa | 3.82% | -21.8% |
| 79th | Guatemala | 4.14% | -10.6% |
| 80th | Oman | 4.15% | 2.9% |
| 81st | Ecuador | 4.16% | -12.8% |
| 82nd | Nigeria | 4.21% | -9.5% |
| 83rd | Brazil | 4.35% | 98.0% |
| 84th | Ukraine | 4.63% | -23.8% |
| 85th | Gambia, The | 4.83% | -29.4% |
| 86th | Haiti | 4.94% | -8.0% |
| 87th | Bangladesh | 5.05% | -16.9% |
| 88th | Benin | 5.30% | 4.0% |
| 89th | Burkina Faso | 5.30% | 4.0% |
| 90th | Sierra Leone | 5.37% | -4.8% |
| 91st | Congo, Democratic Republic of | 5.73% | -7.6% |
| 92nd | Pakistan | 5.75% | -23.1% |
| 93rd | Honduras | 5.80% | -28.6% |
| 94th | Mongolia | 6.60% | -35.7% |
| 95th | Kenya | 6.69% | -4.0% |
| 96th | Suriname | 6.86% | -13.6% |
| 97th | Mozambique | 7.02% | 3.4% |
| 98th | Angola | 7.05% | 13.6% |
| 99th | Egypt, Arab Republic of | 7.40% | -4.9% |
| 100th | Rwanda | 8.05% | 5.3% |
| 101st | Zimbabwe | 8.06% | 78.4% |
| 102nd | Armenia | 8.24% | 1.5% |
| 103rd | Belarus | 8.35% | 26.4% |
| 104th | Azerbaijan | 8.71% | 0.2% |
| 105th | Georgia | 10.31% | 0.9% |
| 106th | Ghana | 11.50% | 0.0% |
| 107th | Madagascar | 13.75% | 4.3% |
| 108th | Uzbekistan | 16.32% | 0.0% |
| 109th | Türkiye | 20.70% | 55.0% |
| 110th | Argentina | 33.55% | 14.4% |
FAQ
What was Nigeria's deposit rate in 2021?▾
Nigeria's deposit rate in 2021 was 4.21%. This ranked 82nd globally.
How did Nigeria's deposit rate change in 2021?▾
Nigeria's deposit rate decreased by 9.5% in 2021 compared to 2020.
Which country had the highest deposit rate in 2021?▾
Argentina had the highest deposit rate in 2021 at 33.55%.
What is the deposit rate of Nigeria in 2021?▾
The deposit rate of Nigeria in 2021 was 4.21%. This ranked 82nd globally.
How does 2021 compare to 2020 for Nigeria's deposit rate?▾
Nigeria's deposit rate went from 4.65% in 2020 to 4.21% in 2021, a 9.5% decrease.
HistorySaid - pattern alert
Nigeria matched the Fiscal Dominance Trap pattern in 2021. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 24.7%. View full analysis →
Related
2020
2022
All years
Full ranking 2021
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
Global Ranking