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Current account balance — all countries

Current account balance — Nigeria

Current account balance in Nigeria in 2031 — 3.3%. Ranked 33 in the world out of 188. Since 1990, the indicator has fallen by 2.4 pp.

2031 3.3% +0.3 pp vs 2030
World rank 33of 188
Period maximum 15.3%2005
Period minimum -2.7%2020

Trend over time

1990–2031 · % of GDP

Current account balance — Nigeria, 1990–2031-5051015201990199520002005201020152020202520301990: 5.7%1991: 1.4%1992: 3.1%1993: -1%1994: -1.9%1995: -1.4%1996: 1.4%1997: 0.2%1998: -1.4%1999: 0.6%2000: 7.8%2001: 2.4%2002: 0.8%2003: 2.3%2004: 9.2%2005: 15.3%2006: 11.6%2007: 7.4%2008: 6.2%2009: 3.3%2010: 2.5%2011: 1.8%2012: 2.6%2013: 2.6%2014: 0.1%2015: -2.2%2016: 0.9%2017: 2.6%2018: 1.2%2019: -2%2020: -2.7%2021: -0.5%2022: 0.2%2023: 1.3%2024: 6.8%2025: 5.1%2026: 5.8%2027: 3.1%2028: 2.7%2029: 3%2030: 3%2031: 3.3%
Change over the period: −2.4 pp Annual average: -0.06 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 3.3%
World computed 0.28%
Sub-Saharan Africa computed -1.15%
Western Africa computed 1.16%
Lower-middle-income countries computed -1.75%
Current account balance — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2031 3.3 +0.3 pp
2030 3 +0 pp
2029 3 +0.3 pp
2028 2.7 −0.4 pp
2027 3.1 −2.7 pp
2026 5.8 +0.7 pp
2025 5.1 −1.7 pp
2024 6.8 +5.5 pp
2023 1.3 +1.1 pp
2022 0.2 +0.7 pp
2021 -0.5 +2.2 pp
2020 -2.7 −0.7 pp
2019 -2 −3.2 pp
2018 1.2 −1.4 pp
2017 2.6 +1.7 pp
2016 0.9 +3.1 pp
2015 -2.2 −2.3 pp
2014 0.1 −2.5 pp
2013 2.6 +0 pp
2012 2.6 +0.8 pp
2011 1.8 −0.7 pp
2010 2.5 −0.8 pp
2009 3.3 −2.9 pp
2008 6.2 −1.2 pp
2007 7.4 −4.2 pp
2006 11.6 −3.7 pp
2005 15.3 +6.1 pp
2004 9.2 +6.9 pp
2003 2.3 +1.5 pp
2002 0.8 −1.6 pp
2001 2.4 −5.4 pp
2000 7.8 +7.2 pp
1999 0.6 +2 pp
1998 -1.4 −1.6 pp
1997 0.2 −1.2 pp
1996 1.4 +2.8 pp
1995 -1.4 +0.5 pp
1994 -1.9 −0.9 pp
1993 -1 −4.1 pp
1992 3.1 +1.7 pp
1991 1.4 −4.3 pp
1990 5.7 —

Western Africa, 2031

The same indicator for neighboring countries — with links to their pages

BF Burkina Faso 5.5 GH Ghana 4.9 NG Nigeria 3.3 ML Mali 0.8 GN Guinea -1.4 TG Togo -1.7 NE Niger -2 CV Cabo Verde -2.3 GM Gambia -2.3 CI Côte d'Ivoire -2.5 SL Sierra Leone -3 BJ Benin -4 GW Guinea-Bissau -4 SN Senegal -5.3 MR Mauritania -6.3 LR Liberia -14.3
Full table for all countries

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.

Other indicators for Nigeria

Finance Current account balance in US dollars

How much more a country receives from abroad than it pays out there. A minus means it pays more.

Nigeria by year Finance Current account balance (World Bank)

The current account balance as a percent of GDP from World Bank data.

Nigeria by year Trade Trade openness

Exports plus imports as a percent of GDP — total foreign trade turnover.

Nigeria by year Finance International reserves

The gold and foreign exchange reserves of a country in US dollars.

Nigeria by year
All indicators for Nigeria