Credit to Agriculture and Forestry — Value US$ in Nigeria
Nigeria: Credit to Agriculture and Forestry — Value US$ was 3,634 million USD in 2021. ◆ Volatile
Credit to Agriculture and Forestry — Value US$ in Nigeria, 1991–2021
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2021, credit to agriculture and forestry — value us$ in Nigeria stood at 3,634 million USD. That is the highest value across all 31 years on record.
The figure is up 24.2% on the previous year and up 119.1% over ten years.
Over the whole period, credit to agriculture and forestry — value us$ in Nigeria peaked at 3,634 million USD in 2021 and was at its lowest, 329.47 million USD, in 1998.
Nigeria ranks 7th of 25 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Credit to Agriculture and Forestry — Value US$ in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 504.57 million USD | — |
| 1992 | 404.66 million USD | -19.8% |
| 1993 | 489.45 million USD | +21.0% |
| 1994 | 498.14 million USD | +1.8% |
| 1995 | 412.13 million USD | -17.3% |
| 1996 | 436.69 million USD | +6.0% |
| 1997 | 354.28 million USD | -18.9% |
| 1998 | 329.47 million USD | -7.0% |
| 1999 | 335.72 million USD | +1.9% |
| 2000 | 403.16 million USD | +20.1% |
| 2001 | 501.66 million USD | +24.4% |
| 2002 | 495.94 million USD | -1.1% |
| 2003 | 480.57 million USD | -3.1% |
| 2004 | 509.45 million USD | +6.0% |
| 2005 | 370.22 million USD | -27.3% |
| 2006 | 383.98 million USD | +3.7% |
| 2007 | 1,189 million USD | +209.6% |
| 2008 | 897 million USD | -24.6% |
| 2009 | 911.48 million USD | +1.6% |
| 2010 | 854.35 million USD | -6.3% |
| 2011 | 1,659 million USD | +94.1% |
| 2012 | 2,009 million USD | +21.1% |
| 2013 | 2,185 million USD | +8.8% |
| 2014 | 3,020 million USD | +38.2% |
| 2015 | 2,335 million USD | -22.7% |
| 2016 | 2,075 million USD | -11.1% |
| 2017 | 1,727 million USD | -16.7% |
| 2018 | 1,993 million USD | +15.4% |
| 2019 | 2,517 million USD | +26.2% |
| 2020 | 2,925 million USD | +16.2% |
| 2021 | 3,634 million USD | +24.2% |
Nigeria compared with similar countries
- Nigeria's 3,634 million USD is above the median for Sub-Saharan Africa, which is 129.81 million USD, 28.0× the median. (10 countries reporting)
- Nigeria's 3,634 million USD is above the median for lower middle income countries, which is 701.35 million USD, 5.2× the median. (7 countries reporting)
Biggest year-on-year movements
Years where Credit to Agriculture and Forestry — Value US$ in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +209.6% | 383.98 million USD | 1,189 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 418.35 million USD | 329.47 million USD | 504.57 million USD | 9 |
| 2000s | 614.24 million USD | 370.22 million USD | 1,189 million USD | 10 |
| 2010s | 2,037 million USD | 854.35 million USD | 3,020 million USD | 10 |
| 2020s | 3,280 million USD | 2,925 million USD | 3,634 million USD | 2 |
Countries ranked near Nigeria
More environment data for Nigeria
- Historical exposure to drought — Land soil moisture anomaly -5.73 Percentage change (2025)
- Historical exposure to drought — Cropland soil moisture anomaly -5.07 Percentage change (2025)
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.281 °C (2025)
- Temperature change 1.15 °C (2025)
- Wood-based panels — Production, annual growth rate 0 % change on previous year (2024)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), annual 3.78 % change on previous year (2024)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), per unit 0 Mt CO2e per US$ of GDP (2024)
- Total greenhouse gas emissions excluding LULUCF (Mt CO2e), per capita 0 Mt CO2e per person (2024)
- Methane (CH4) emissions from Agriculture (Mt CO2e), annual growth rate 0.4617 % change on previous year (2024)
Frequently asked questions
- What is credit to agriculture and forestry — value us$ in Nigeria?
- Credit to agriculture and forestry — value us$ in Nigeria was 3,634 million USD in 2021, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture and forestry — value us$ recorded in Nigeria?
- The highest recorded value was 3,634 million USD in 2021.
- What is the lowest credit to agriculture and forestry — value us$ recorded in Nigeria?
- The lowest recorded value was 329.47 million USD in 1998.
- How does Nigeria rank for credit to agriculture and forestry — value us$?
- Nigeria ranks 7th out of 25 countries with data for 2021.
- Is credit to agriculture and forestry — value us$ rising or falling in Nigeria?
- Over the last ten years it is up 119.1%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Credit to Agriculture and Forestry — Value US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.