Nigeria Current Account Balance (US Dollars) Statistics

23, Jul 2019, EDT.

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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: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
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: Central Bank. IMF Statistics Department Latest actual data: 2015 Notes: Data prior to 1990 cannot be confirmed by national sources at this time. BOP Manual used: Balance of Payments Manual, fifth edition (BPM5) Primary domestic currency: Nigerian naira Data last updated: 03/2016

Current Account Balance (US Dollars) Statistics for Nigeria , Year 2015 - In Detail

Current Account Balance (US Dollars) for Nigeria in year 2015 is US$ -11.918 Billion. 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.

This makes Nigeria No. 170 in world rankings according to Current Account Balance (US Dollars) in year 2015. The world's average Current Account Balance (US Dollars) value is US$ 7.04 Billion; Nigeria is US$ 18.96 less than the average.

In the previous year, 2014, Current Account Balance (US Dollars) for Nigeria was US$ 1.28 Billion Current Account Balance (US Dollars) for Nigeria in 2015 was or will be 1.00% less than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (US Dollars) for Nigeria was or will be US$-15.11 Billion, which is 26.77% more than the 2015 figure.

* Source: IMF
Current Account Balance (US Dollars) for Nigeria, in other Years
Year US$ Billion
  2021 -6.625
  2020 -7.11
  2019 -7.436
  2018 -8.045
  2017 -10.903
  2016 -15.109
2015 -11.918
  2014 1.279
  2013 20.148
  2012 20.353
  2011 12.554
  2010 14.459
  2009 13.868
  2008 29.154
  2007 27.643
  2006 36.518
  2005 36.529
  2004 16.84
  2003 3.391
  2002 1.083
  2001 2.478
  2000 7.427
  1999 0.506
  1998 -4.244
  1997 0.552
  1996 3.507
  1995 -2.578
  1994 -2.128
  1993 -0.78
  1992 2.268
  1991 1.203
  1990 4.988
  1989 1.09
  1988 -0.296
  1987 -0.073
  1986 0.211
  1985 2.604
  1984 0.123
  1983 -4.332
  1982 -7.282
  1981 -6.474
  1980 5.178