Economy
The World Bank — World Development Indicators (CC BY 4.0) · updated 2023-12-31
Nigeria's interest rate stands at 14.01% as of 2023-12-31, up from 12.33% in 2022. Historical data runs from 1970 to 2023 (54 observations).
In 2023, Nigeria's interest rate was 14.01%, up from 12.33% in 2022.
In 2022, Nigeria's interest rate was 12.33%, up from 11.48% in 2021.
In 2021, Nigeria's interest rate was 11.48%, down from 13.64% in 2020.
In 2020, Nigeria's interest rate was 13.64%, down from 15.38% in 2019.
In 2019, Nigeria's interest rate was 15.38%, down from 16.9% in 2018.
| Year | Value | Change |
|---|---|---|
| 2023 | 14.01% | +1.68% |
| 2022 | 12.33% | +0.8514% |
| 2021 | 11.48% | -2.16% |
| 2020 | 13.64% | -1.73% |
| 2019 | 15.38% | -1.53% |
| 2018 | 16.9% | -0.6494% |
| 2017 | 17.55% | +0.6853% |
| 2016 | 16.87% | +0.0188% |
| 2015 | 16.85% | +0.3008% |
| 2014 | 16.55% | -0.1742% |
| 2013 | 16.72% | -0.0692% |
| 2012 | 16.79% | +0.7717% |
| 2011 | 16.02% | -1.57% |
| 2010 | 17.59% | -1.41% |
| 2009 | 18.99% | +3.85% |
| 2008 | 15.14% | -1.8% |
| 2007 | 16.94% | +0.0458% |
| 2006 | 16.89% | -1.05% |
| 2005 | 17.95% | -1.23% |
| 2004 | 19.18% | -1.53% |
| 2003 | 20.71% | -4.06% |
| 2002 | 24.77% | +1.33% |
| 2001 | 23.44% | +2.16% |
| 2000 | 21.27% | +0.9842% |
| 1999 | 20.29% | +2.11% |
| 1998 | 18.18% | +0.3892% |
| 1997 | 17.8% | -2.04% |
| 1996 | 19.84% | -0.3967% |
| 1995 | 20.23% | -0.25% |
| 1994 | 20.48% | -11.17% |
| 1993 | 31.65% | +6.89% |
| 1992 | 24.76% | +4.72% |
| 1991 | 20.04% | -5.26% |
| 1990 | 25.3% | +4.86% |
| 1989 | 20.44% | +3.82% |
| 1988 | 16.62% | +2.65% |
| 1987 | 13.96% | +4% |
| 1986 | 9.96% | +0.5258% |
| 1985 | 9.43% | -0.8083% |
| 1984 | 10.24% | +0.265% |
| 1983 | 9.98% | +0.4392% |
| 1982 | 9.54% | +0.6208% |
| 1981 | 8.92% | +0.485% |
| 1980 | 8.43% | +0.2817% |
| 1979 | 8.15% | +1.4% |
| 1978 | 6.75% | +0.75% |
| 1977 | 6% | -0.5% |
| 1976 | 6.5% | +0.25% |
| 1975 | 6.25% | -0.75% |
| 1974 | 7% | +0% |
| 1973 | 7% | +0% |
| 1972 | 7% | +0% |
| 1971 | 7% | +0% |
| 1970 | 7% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
Nigeria's interest rate is 14.01% as of 2023-12-31, compared with 12.33% in 2022. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 31.65% (1993); the lowest is 6% (1977), across data from 1970 to 2023.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.