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Country or Region: Nigeria › Change country
Economic Indicator: Current Account Balance (US Dollars) › See all Nigeria indicators, › See Current Account Balance (US Dollars) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Naira
Currency Symbol: NGN

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. Source: National Statistical Office Latest actual data: 2009 Notes: Data prior to 1990 cannot be confirmed by national sources at this time. BOP Manual used: BPM 5 Primary domestic currency: Nigerian naira Data last updated: 03/2011

Current Account Balance (US Dollars) for Nigeria in year 2010 is US$ 13.886 Billion

This makes Nigeria No. 24 in world rankings according to Current Account Balance (US Dollars) in year 2010. The world's average Current Account Balance (US Dollars) value is US$ 6.76 Billion; Nigeria is US$ 7.13 more than the average.

In the previous year, 2009, Current Account Balance (US Dollars) for Nigeria was US$ 21.90 Billion Current Account Balance (US Dollars) for Nigeria in 2010 was or will be 36.59% less than it was or will be in 2009.

In the following or forecasted year, 2011, Current Account Balance (US Dollars) for Nigeria was or will be US$39.18 Billion, which is 182.13% more than the 2010 figure.