Credit to Agriculture, Forestry and Fishing — Value US$ in Nigeria
Nigeria: Credit to Agriculture, Forestry and Fishing — Value US$ was 3,608 million USD in 2023. ◆ Volatile
Credit to Agriculture, Forestry and Fishing — Value US$ in Nigeria, 1991–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, credit to agriculture, forestry and fishing — value us$ in Nigeria stood at 3,608 million USD.
That represents a change of down 13.6% on the previous year and up 65.1% over ten years.
Over the whole period, credit to agriculture, forestry and fishing — value us$ in Nigeria peaked at 4,175 million USD in 2022 and was at its lowest, 329.47 million USD, in 1998.
That places Nigeria 28th out of 119 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Credit to Agriculture, Forestry and Fishing — 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% |
| 2022 | 4,175 million USD | +14.9% |
| 2023 | 3,608 million USD | -13.6% |
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 | 3,586 million USD | 2,925 million USD | 4,175 million USD | 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)
- Paper and paperboard — Import quantity, annual growth rate -40.75 % change on previous year (2024)
- Paper and paperboard — Import quantity, per unit of GDP 0 t per US$ of GDP (2024)
- Paper and paperboard — Import quantity, per capita 0.0011 t per person (2024)
- Paper and paperboard — Import value, annual growth rate -44.43 % change on previous year (2024)
- Paper and paperboard — Import value, per unit of GDP 0 1000 USD per US$ of GDP (2024)
Frequently asked questions
- What is credit to agriculture, forestry and fishing — value us$ in Nigeria?
- Credit to agriculture, forestry and fishing — value us$ in Nigeria was 3,608 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture, forestry and fishing — value us$ recorded in Nigeria?
- The highest recorded value was 4,175 million USD in 2022.
- What is the lowest credit to agriculture, forestry and fishing — value us$ recorded in Nigeria?
- The lowest recorded value was 329.47 million USD in 1998.
- How does Nigeria rank for credit to agriculture, forestry and fishing — value us$?
- Nigeria ranks 28th out of 119 countries with data for 2023.
- Is credit to agriculture, forestry and fishing — value us$ rising or falling in Nigeria?
- Over the last ten years it is up 65.1%. 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, Forestry and Fishing — Value US$. Statizoid updates them automatically from the source API.
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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.