Credit to Agriculture, Forestry and Fishing — Ratio of Value Added in Nigeria
Nigeria: Credit to Agriculture, Forestry and Fishing — Ratio of Value Added was 0.0435 in 2023. ▼ Falling
Credit to Agriculture, Forestry and Fishing — Ratio of Value Added in Nigeria, 1991–2023
Source: Food and Agriculture Organization of the United Nations.
Analysis
In 2023, credit to agriculture, forestry and fishing — ratio of value added in Nigeria stood at 0.0435.
Compared with earlier readings it is up 11.3% on the previous year and up 113.6% over ten years.
Over the whole period, credit to agriculture, forestry and fishing — ratio of value added in Nigeria peaked at 0.0643 in 1994 and was at its lowest, 0.0073, in 2006.
Nigeria ranks 90th of 119 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 33 years of available data.
Credit to Agriculture, Forestry and Fishing — Ratio of Value Added in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 0.0575 | — |
| 1992 | 0.0536 | -6.8% |
| 1993 | 0.0573 | +6.9% |
| 1994 | 0.0643 | +12.1% |
| 1995 | 0.0503 | -21.8% |
| 1996 | 0.0503 | +0.1% |
| 1997 | 0.0385 | -23.4% |
| 1998 | 0.0341 | -11.5% |
| 1999 | 0.0326 | -4.4% |
| 2000 | 0.0342 | +4.8% |
| 2001 | 0.0407 | +19.1% |
| 2002 | 0.0231 | -43.1% |
| 2003 | 0.0205 | -11.6% |
| 2004 | 0.0171 | -16.2% |
| 2005 | 0.0096 | -44.1% |
| 2006 | 0.0073 | -23.6% |
| 2007 | 0.0193 | +163.7% |
| 2008 | 0.012 | -38.0% |
| 2009 | 0.0143 | +19.7% |
| 2010 | 0.0109 | -24.3% |
| 2011 | 0.0192 | +77.0% |
| 2012 | 0.0204 | +6.2% |
| 2013 | 0.0204 | -0.2% |
| 2014 | 0.026 | +27.6% |
| 2015 | 0.0229 | -11.9% |
| 2016 | 0.0237 | +3.8% |
| 2017 | 0.0207 | -12.6% |
| 2018 | 0.0213 | +2.6% |
| 2019 | 0.0238 | +12.0% |
| 2020 | 0.0294 | +23.3% |
| 2021 | 0.0363 | +23.5% |
| 2022 | 0.0391 | +7.6% |
| 2023 | 0.0435 | +11.3% |
Nigeria compared with similar countries
- Nigeria's 0.0435 is below the median for lower middle income countries, which is 0.0896, 49% of the median. (27 countries reporting)
- Nigeria's 0.0435 is above the median for Sub-Saharan Africa, which is 0.0309, 1.4× the median. (27 countries reporting)
Biggest year-on-year movements
Years where Credit to Agriculture, Forestry and Fishing — Ratio of Value Added 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 | +163.7% | 0.0073 | 0.0193 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0487 | 0.0326 | 0.0643 | 9 |
| 2000s | 0.0198 | 0.0073 | 0.0407 | 10 |
| 2010s | 0.0209 | 0.0109 | 0.026 | 10 |
| 2020s | 0.0371 | 0.0294 | 0.0435 | 4 |
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)
- Total fisheries production (metric tons), annual growth rate 5.2 % change on previous year (2024)
- Total fisheries production (metric tons), per unit of GDP 0 metric tons per US$ of GDP (2024)
- Total fisheries production (metric tons), per capita 0.0048 metric tons per person (2024)
- Cooling Degree Days, annual growth rate 1.53 % change on previous year (2024)
- Heating Degree Days, gaps filled 0.29 (2024)
Frequently asked questions
- What is credit to agriculture, forestry and fishing — ratio of value added in Nigeria?
- Credit to agriculture, forestry and fishing — ratio of value added in Nigeria was 0.0435 in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture, forestry and fishing — ratio of value added recorded in Nigeria?
- The highest recorded value was 0.0643 in 1994.
- What is the lowest credit to agriculture, forestry and fishing — ratio of value added recorded in Nigeria?
- The lowest recorded value was 0.0073 in 2006.
- How does Nigeria rank for credit to agriculture, forestry and fishing — ratio of value added?
- Nigeria ranks 90th out of 119 countries with data for 2023.
- Is credit to agriculture, forestry and fishing — ratio of value added rising or falling in Nigeria?
- Over the last ten years it is up 113.6%. The long-run trend across the full record is falling.
- 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, Forestry and Fishing — Ratio of Value Added (Agriculture, Forestry and Fishing) US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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.