Bank assets as a share of GDP reached 27.6 % in 2019 in Nigeria, according to the National Central Bank. This is 1.72 % more than in the previous year.
Historically, bank assets as a share of GDP in Nigeria reached an all time high of 53.0 % in 1986 and an all time low of % in. When compared to Nigeria's main peers, bank assets as a share of GDP in Cameroon amounted to 27.8 % and 19.6 % in Chad in 2019.
Nigeria has been ranked 78th within the group of 88 countries we follow in terms of bank assets as a share of GDP, 36 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.