Libya vs Nigeria: Official current transfers, net
Libya
4.18 billion BoP, current US$
in 2011
Nigeria
1.72 billion BoP, current US$
in 2011
Libya rank
1st
Nigeria rank
2nd
Official current transfers, net over time
- Libya
- Nigeria
How they compare
Libya currently reports 4.18 billion BoP, current US$ against 1.72 billion BoP, current US$ in Nigeria, a difference of 2.46 billion BoP, current US$.
That makes Libya's figure about 2.4 times Nigeria's.
The two have swapped places 3 times across 5 shared years of data; in 2005 it was Nigeria ahead.
Libya ranks 1st and Nigeria ranks 2nd of 33 countries.
Across the 2 decades both report, Libya averaged higher in 1 and Nigeria in 1.
Head to head by decade
| Decade | Libya | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 386.43 million BoP, current US$ | 885.45 million BoP, current US$ | 499.03 million BoP, current US$ | Nigeria |
| 2010s | 4.18 billion BoP, current US$ | 1.72 billion BoP, current US$ | 2.46 billion BoP, current US$ | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official current transfers, net, Libya or Nigeria?
- Libya, at 4.18 billion BoP, current US$ against 1.72 billion BoP, current US$ in Nigeria as of 2011.
- What is the difference in official current transfers, net between Libya and Nigeria?
- 2.46 billion BoP, current US$, with Libya ahead.
- How many years of comparable data are there for Libya and Nigeria?
- 5 years are reported by both, from 2005 to 2011.
- How do Libya and Nigeria rank globally for official current transfers, net?
- Libya ranks 1st and Nigeria ranks 2nd of 33 countries.
- Where does this data come from?
- International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as Official current transfers, net (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.