Nigeria Current Account Balance (% GDP) Statistics

13, Nov 2019, EST.

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Country or Region: Nigeria › Change country
Economic Indicator: Current Account Balance (% GDP) › See all Nigeria indicators, › See Current Account Balance (% GDP) 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. See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).

Current Account Balance (% GDP) Statistics for Nigeria , Year 2015 - In Detail

Current Account Balance (% GDP) for Nigeria in year 2015 is -2.431 %. 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. 78 in world rankings according to Current Account Balance (% GDP) in year 2015. The world's average Current Account Balance (% GDP) value is -4.12 %; Nigeria is 1.69 more than the average.

In the previous year, 2014, Current Account Balance (% GDP) for Nigeria was 0.22 % Current Account Balance (% GDP) 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 (% GDP) for Nigeria was or will be -2.81 %, which is 15.55% more than the 2015 figure.

* Source: IMF
Current Account Balance (% GDP) for Nigeria, in other Years
Year %
  2021 -0.872
  2020 -0.968
  2019 -1.047
  2018 -1.178
  2017 -1.756
  2016 -2.809
2015 -2.431
  2014 0.223
  2013 3.861
  2012 4.357
  2011 2.997
  2010 3.868
  2009 5.127
  2008 8.958
  2007 10.737
  2006 16.772
  2005 22.169
  2004 13.325
  2003 3.556
  2002 1.327
  2001 4.155
  2000 12.114
  1999 1.091
  1998 -2.61
  1997 0.337
  1996 2.276
  1995 -2.391
  1994 -4.319
  1993 -2.165
  1992 6.533
  1991 3.422
  1990 13.836
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a