CASE STUDIES FROM AFRICA

Table A6: Banking Sector’s Contribution to GDP
Year
Financial Institutions’ GDP Contribution
Percentage of
(N million)
GDP
1980 548.3 1.74
1985 3171.7 1.58
1986 3859.8 1.87
1987 4168.4 2.04
1988 5138.6 2.34
1989 7261.0 3.07
1990 11260.0 4.21
1995 13567.8 4.82
1996 14110.5 4.80
1997 14703.1 4.87
1998 15438.2 4.97
1999 15978.6 5.12
2000 16601.8 5.04
2001 17348.8 4.86
2002 22452.8 5.18
2003 20377.3 4.27
2004 20886.7 3.96
2005 21430.3 3.81
2006 22451.7 3.77
2007 23531.7 3.71
2008 24611.8 3.66
2009 25543.4 3.55
2010 26495.5 3.41
2011 27489.6 3.30
2012 28537.6 3.21
Source: Central Bank of Nigeria Statistical Bulletin, 2011.
Table A7: Contribution of Banking Output to GDP
Year
Credit to Private Sector
GDP at Current Basic Prices
CPS/GDP (%)
(N Million)
(N Million)
1980 6234.225 49632.32 12.56
1985 13070.342 67908.55 19.25
1990 33547.7 267549.99 12.54
1991 41352.458 312139.74 13.25
1992 58122.947 532613.83 10.91
1993 127117.71 683869.79 18.59
1994 143424.21 899863.22 15.94
1995 180004.76 1933211.55 9.311
1996 238596.56 2702719.13 8.828
1997 316207.08 2801972.58 11.29
1998 351956.19 2708430.86 12.99
1999 431168.36 3194014.97 13.5
2000 530373.3 4582127.29 11.57
2001 764961.52 4725086 16.19
2002 930493.93 6912381.25 13.46
2003 1096535.6 8487031.57 12.92
2004 1421664 11411066.91 12.46
2005 1838389.9 14572239.12 12.62
2006 2290617.8 18564594.73 12.34
2007 3668657.8 20657317.67 17.76
2008 6920498.8 24296329.29 28.48
2009 9102049.1 24794238.66 36.71
2010 10157021 33984754.13 29.89
2011 10660072 37543654.7 28.39
Source: CBN Statistical Bulletin, 2011.
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