Current transfers, payments in Nigeria
Nigeria: Current transfers, payments was 471.93 million BoP, current US$ in 2011. ▲ Rising
Latest (2011)
471.93 million BoP, current US$
Change on year
down 1.6%
World rank
7th
of 39 countries
All-time high
530.73 million BoP, current US$
in 2008
All-time low
131.39 million BoP, current US$
in 2005
Years of data
7
2005–2011
Current transfers, payments in Nigeria, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
The most recent figure for current transfers, payments in Nigeria is 471.93 million BoP, current US$, measured in 2011.
Compared with earlier readings it is down 1.6% on the previous year and up 259.2% over ten years.
That places Nigeria 7th out of 39 countries with data for 2011, putting it in the top quarter.
Current transfers, payments in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 131.39 million BoP, current US$ | — |
| 2006 | 177.09 million BoP, current US$ | +34.8% |
| 2007 | 150.07 million BoP, current US$ | -15.3% |
| 2008 | 530.73 million BoP, current US$ | +253.6% |
| 2009 | 463.66 million BoP, current US$ | -12.6% |
| 2010 | 479.76 million BoP, current US$ | +3.5% |
| 2011 | 471.93 million BoP, current US$ | -1.6% |
Nigeria compared with similar countries
- Nigeria's 471.93 million BoP, current US$ is above the median for lower middle income countries, which is 83.06 million BoP, current US$, 5.7× the median. (19 countries reporting)
- Nigeria's 471.93 million BoP, current US$ is above the median for Sub-Saharan Africa, which is 83.06 million BoP, current US$, 5.7× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 290.59 million BoP, current US$ | 131.39 million BoP, current US$ | 530.73 million BoP, current US$ | 5 |
| 2010s | 475.85 million BoP, current US$ | 471.93 million BoP, current US$ | 479.76 million BoP, current US$ | 2 |
Countries ranked near Nigeria
- 4 Cote d'Ivoire 872.08 million BoP, current US$ compare
- 5 Libya 680.80 million BoP, current US$ compare
- 6 Algeria 664.93 million BoP, current US$ compare
- 8 Botswana 417.17 million BoP, current US$ compare
- 9 Egypt 344.50 million BoP, current US$ compare
- 10 Senegal 323.97 million BoP, current US$ compare
More trade data for Nigeria
- Commodity Net Export Price Index, Individual Commodities Weighted by 66.76 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 93.8 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 93.58 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 63.43 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 99.77 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 85.81 (2025)
- Imports of low carbon technology products, Percent of GDP 0.5627 (2024)
- Imports of low carbon technology products, US dollar (World), per 6.1 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0056 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 42.54 million (2024)
Frequently asked questions
- What is current transfers, payments in Nigeria?
- Current transfers, payments in Nigeria was 471.93 million BoP, current US$ in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest current transfers, payments recorded in Nigeria?
- The highest recorded value was 530.73 million BoP, current US$ in 2008.
- What is the lowest current transfers, payments recorded in Nigeria?
- The lowest recorded value was 131.39 million BoP, current US$ in 2005.
- How does Nigeria rank for current transfers, payments?
- Nigeria ranks 7th out of 39 countries with data for 2011.
- Is current transfers, payments rising or falling in Nigeria?
- Over the last ten years it is up 259.2%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Current transfers, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Data are in current U.S. dollars.