Nigeria - Deposit Rate 2022
5.96%
+1.76pp from 2021
Nigeria's deposit rate was 5.96% in 2022, increased +1.76pp from 4.21% in 2021. This was the 74th highest globally.
Global Ranking - 2022▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Switzerland | -0.15% | 63.6% |
| 2nd | Bulgaria | 0.02% | 26.1% |
| 3rd | Hong Kong SAR, China | 0.05% | 158.3% |
| 4th | South Sudan | 0.06% | 61.1% |
| 5th | Brunei Darussalam | 0.14% | 2.1% |
| 6th | Barbados | 0.14% | -4.4% |
| 7th | Papua New Guinea | 0.25% | -44.3% |
| 8th | Macao SAR, China | 0.26% | 56.9% |
| 9th | Montenegro | 0.29% | -22.4% |
| 10th | Israel | 0.44% | -1.5% |
| 11th | Vanuatu | 0.44% | -14.2% |
| 12th | Solomon Islands | 0.45% | -1.7% |
| 13th | Thailand | 0.51% | 25.7% |
| 14th | Bahamas, The | 0.52% | -0.9% |
| 15th | Timor-Leste | 0.61% | -5.2% |
| 16th | San Marino | 0.62% | 1.6% |
| 17th | Bosnia and Herzegovina | 0.64% | 11.3% |
| 18th | Albania | 0.73% | 52.8% |
| 19th | Guyana | 0.78% | -2.5% |
| 20th | Norway | 0.88% | 192.8% |
| 21st | Grenada | 0.89% | -24.0% |
| 22nd | Cabo Verde | 0.97% | 45.0% |
| 23rd | North Macedonia | 1.07% | -9.7% |
| 24th | Nicaragua | 1.17% | -21.8% |
| 25th | St. Lucia | 1.20% | -13.7% |
| 26th | Mauritius | 1.22% | 72.6% |
| 27th | St. Vincent and the Grenadines | 1.36% | -21.2% |
| 28th | Czechia | 1.40% | 498.8% |
| 29th | Kyrgyz Republic | 1.40% | 8.9% |
| 30th | Botswana | 1.49% | 4.1% |
| 31st | Cambodia | 1.50% | 7.0% |
| 32nd | China | 1.50% | 0.0% |
| 33rd | Trinidad and Tobago | 1.50% | 0.0% |
| 34th | Fiji | 1.55% | -40.0% |
| 35th | Antigua and Barbuda | 1.56% | -1.7% |
| 36th | Kuwait | 1.60% | 14.4% |
| 37th | Dominica | 1.62% | -4.0% |
| 38th | Tonga | 1.65% | -12.8% |
| 39th | Lesotho | 1.65% | -0.6% |
| 40th | Seychelles | 1.67% | -40.1% |
| 41st | Algeria | 1.75% | 0.0% |
| 42nd | Aruba | 1.80% | 5.9% |
| 43rd | Samoa | 1.81% | -14.5% |
| 44th | Malaysia | 1.95% | 24.8% |
| 45th | St. Kitts and Nevis | 2.05% | -9.0% |
| 46th | Comoros | 2.06% | 17.9% |
| 47th | Belize | 2.22% | -0.3% |
| 48th | Morocco | 2.48% | -3.5% |
| 49th | São Tomé and Principe | 2.49% | 4.6% |
| 50th | Eswatini | 2.54% | 42.8% |
| 51st | Mexico | 2.57% | 299.0% |
| 52nd | Qatar | 2.62% | 39.6% |
| 53rd | New Zealand | 2.82% | 177.6% |
| 54th | Bhutan | 3.00% | 0.0% |
| 55th | Haiti | 3.05% | -38.3% |
| 56th | Costa Rica | 3.07% | 91.2% |
| 57th | Korea | 3.12% | 160.9% |
| 58th | Bolivia, Plurinational State of | 3.21% | 1.6% |
| 59th | Indonesia | 3.21% | -12.4% |
| 60th | Namibia | 3.72% | 26.7% |
| 61st | Maldives | 3.73% | 1.0% |
| 62nd | Viet Nam | 3.82% | 13.1% |
| 63rd | Jordan | 3.83% | 11.4% |
| 64th | Guatemala | 3.91% | -5.6% |
| 65th | Jamaica | 4.06% | 57.0% |
| 66th | Ecuador | 4.16% | -0.1% |
| 67th | Romania | 4.19% | 164.9% |
| 68th | Honduras | 4.28% | -26.3% |
| 69th | Peru | 4.82% | 592.1% |
| 70th | Gambia, The | 4.83% | 0.0% |
| 71st | South Africa | 5.07% | 32.8% |
| 72nd | Sierra Leone | 5.38% | 0.2% |
| 73rd | Bangladesh | 5.56% | 10.1% |
| 74th | Nigeria | 5.96% | 41.8% |
| 75th | Uruguay | 6.24% | 64.1% |
| 76th | Dominican Republic | 6.74% | 171.2% |
| 77th | Angola | 7.10% | 0.8% |
| 78th | Kenya | 7.15% | 6.9% |
| 79th | Suriname | 7.30% | 6.3% |
| 80th | Ukraine | 7.42% | 60.0% |
| 81st | Russian Federation | 7.60% | 100.7% |
| 82nd | Rwanda | 7.66% | -4.8% |
| 83rd | Mozambique | 7.79% | 11.0% |
| 84th | Hungary | 8.36% | 724.8% |
| 85th | Belarus | 8.42% | 0.8% |
| 86th | Egypt, Arab Republic of | 8.43% | 13.9% |
| 87th | Armenia | 8.47% | 2.8% |
| 88th | Colombia | 8.50% | 310.1% |
| 89th | Azerbaijan | 8.98% | 3.1% |
| 90th | Chile | 8.99% | 603.8% |
| 91st | Moldova | 9.32% | 169.6% |
| 92nd | Georgia | 11.64% | 12.9% |
| 93rd | Brazil | 12.00% | 176.0% |
| 94th | Ghana | 12.05% | 4.8% |
| 95th | Madagascar | 13.38% | -2.7% |
| 96th | Uzbekistan | 17.73% | 8.6% |
| 97th | Türkiye | 27.04% | 30.6% |
| 98th | Zimbabwe | 34.72% | 330.8% |
| 99th | Argentina | 52.42% | 56.3% |
FAQ
What was Nigeria's deposit rate in 2022?▾
Nigeria's deposit rate in 2022 was 5.96%. This ranked 74th globally.
How did Nigeria's deposit rate change in 2022?▾
Nigeria's deposit rate increased by 41.8% in 2022 compared to 2021.
Which country had the highest deposit rate in 2022?▾
Argentina had the highest deposit rate in 2022 at 52.42%.
What is the deposit rate of Nigeria in 2022?▾
The deposit rate of Nigeria in 2022 was 5.96%. This ranked 74th globally.
How does 2022 compare to 2021 for Nigeria's deposit rate?▾
Nigeria's deposit rate went from 4.21% in 2021 to 5.96% in 2022, a 41.8% increase.
Related
2021
2023
All years
Full ranking 2022
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