Nigeria vs South Africa: Official current transfers, payments
Nigeria
116.89 million BoP, current US$
in 2011
South Africa
2.67 billion BoP, current US$
in 2011
Nigeria rank
3rd
South Africa rank
1st
Official current transfers, payments over time
- Nigeria
- South Africa
How they compare
South Africa currently reports 2.67 billion BoP, current US$ against 116.89 million BoP, current US$ in Nigeria, a difference of 2.55 billion BoP, current US$.
That makes South Africa's figure about 22.8 times Nigeria's.
Across all 7 years both countries report, South Africa has been ahead every year.
Nigeria ranks 3rd and South Africa ranks 1st of 34 countries.
South Africa has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Nigeria | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 85.46 million BoP, current US$ | 3.12 billion BoP, current US$ | 3.04 billion BoP, current US$ | South Africa |
| 2010s | 142.83 million BoP, current US$ | 2.73 billion BoP, current US$ | 2.59 billion BoP, current US$ | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official current transfers, payments, Nigeria or South Africa?
- South Africa, at 2.67 billion BoP, current US$ against 116.89 million BoP, current US$ in Nigeria as of 2011.
- What is the difference in official current transfers, payments between Nigeria and South Africa?
- 2.55 billion BoP, current US$, with South Africa ahead.
- How many years of comparable data are there for Nigeria and South Africa?
- 7 years are reported by both, from 2005 to 2011.
- How do Nigeria and South Africa rank globally for official current transfers, payments?
- Nigeria ranks 3rd and South Africa ranks 1st of 34 countries.
- Where does this data come from?
- International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as Official current transfers, payments (BoP, current US$). 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.