Reserves in months of imports — all countries

Reserves in months of imports — Nigeria

Reserves in months of imports in Nigeria in 2025 — 7.12 months. Ranked 23 in the world out of 87. Since 1977, the indicator has risen by 93.2%.

2025 7.12 months −1.26% vs 2024
World rank 23of 87
Period maximum 19.21 months1998
Period minimum 1.01 months1983

Trend over time

1977–2025 · months of imports

Reserves in months of imports — Nigeria, 1977–202505101520197719821987199219972002200720122017202220251977: 3.69 months1978: 1.61 months1979: 4.43 months1980: 5.8 months1981: 1.97 months1982: 1.17 months1983: 1.01 months1984: 1.69 months1985: 2.13 months1986: 3.21 months1987: 2.28 months1988: 1.48 months1989: 3.22 months1990: 5.03 months1991: 4.35 months1992: 1.25 months1993: 1.55 months1994: 1.58 months1995: 4.17 months1996: 11.51 months1997: 17.38 months1998: 19.21 months1999: 4.56 months2000: 7.88 months2001: 6.82 months2002: 4.87 months2003: 3.53 months2004: 8.75 months2005: 9.6 months2006: 12.1 months2007: 10.22 months2008: 7.88 months2009: 7.98 months2010: 4.38 months2011: 3.53 months2012: 5.19 months2013: 5.09 months2014: 3.92 months2015: 4.07 months2016: 6.17 months2017: 8 months2018: 6.18 months2019: 4.21 months2020: 5.8 months2021: 6.42 months2022: 4.82 months2023: 5.12 months2024: 7.21 months2025: 7.12 months
Change over the period: +3.43 (+93.16%) Average annual rate: 1.38 %

Comparison, 2025

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

Nigeria 7.12 months
World 8.89 months
Sub-Saharan Africa 6.46 months
Reserves in months of imports — Nigeria, by year Nigeria All countries CSV XLSX
Year months Change Change, %
2025 7.12 −0.09 −1.26%
2024 7.21 +2.09 +40.8%
2023 5.12 +0.3 +6.16%
2022 4.82 −1.6 −24.91%
2021 6.42 +0.62 +10.69%
2020 5.8 +1.59 +37.88%
2019 4.21 −1.97 −31.87%
2018 6.18 −1.82 −22.77%
2017 8 +1.83 +29.64%
2016 6.17 +2.1 +51.66%
2015 4.07 +0.14 +3.66%
2014 3.92 −1.16 −22.84%
2013 5.09 −0.11 −2.08%
2012 5.19 +1.66 +47.05%
2011 3.53 −0.85 −19.33%
2010 4.38 −3.61 −45.17%
2009 7.98 +0.1 +1.3%
2008 7.88 −2.34 −22.87%
2007 10.22 −1.88 −15.54%
2006 12.1 +2.49 +25.96%
2005 9.6 +0.86 +9.79%
2004 8.75 +5.22 +147.66%
2003 3.53 −1.34 −27.45%
2002 4.87 −1.95 −28.62%
2001 6.82 −1.06 −13.43%
2000 7.88 +3.32 +72.93%
1999 4.56 −14.65 −76.28%
1998 19.21 +1.83 +10.55%
1997 17.38 +5.86 +50.93%
1996 11.51 +7.35 +176.33%
1995 4.17 +2.58 +163.24%
1994 1.58 +0.04 +2.29%
1993 1.55 +0.3 +23.8%
1992 1.25 −3.1 −71.3%
1991 4.35 −0.67 −13.37%
1990 5.03 +1.81 +56.21%
1989 3.22 +1.74 +117.38%
1988 1.48 −0.8 −35.12%
1987 2.28 −0.93 −28.98%
1986 3.21 +1.08 +50.64%
1985 2.13 +0.44 +26.23%
1984 1.69 +0.67 +66.43%
1983 1.01 −0.16 −13.35%
1982 1.17 −0.8 −40.56%
1981 1.97 −3.83 −66.04%
1980 5.8 +1.37 +30.84%
1979 4.43 +2.82 +174.91%
1978 1.61 −2.07 −56.23%
1977 3.69

Western Africa, 2025

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

CV Cabo Verde 8.69 NG Nigeria 7.12

About the indicator

The ratio of international reserves to average monthly imports of goods and services. The commonly accepted minimum benchmark of adequacy is three months of imports; below that level a country becomes vulnerable to external shocks and to a halt in the inflow of capital.

Important: The aggregate is weighted by imports: all of the reserves of a group divided by its average monthly imports. Weighting by population or GDP will not do here — imports are precisely what stands in the denominator of the indicator.

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