Goods, Debit/Expenditure in Nigeria
Nigeria: Goods, Debit/Expenditure was 39.80 billion in 2024. β² Rising
Goods, Debit/Expenditure in Nigeria, 2005β2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods, debit/expenditure in Nigeria is 39.80 billion, measured in 2024.
The figure is down 16.6% on the previous year and down 35.3% over ten years.
Over the whole period, goods, debit/expenditure in Nigeria peaked at 66.22 billion in 2011 and was at its lowest, 21.99 billion, in 2006.
That places Nigeria 62nd out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.38 billion | 21.99 billion | 39.83 billion | 5 |
| 2010s | 51.22 billion | 32.67 billion | 66.22 billion | 10 |
| 2020s | 49.91 billion | 39.80 billion | 58.23 billion | 5 |
Countries ranked near Nigeria
- 59 Belarus, Republic of 44.22 billion compare
- 60 Lithuania, Republic of 43.81 billion compare
- 61 Croatia, Republic of 41.51 billion compare
- 63 Serbia, Republic of 39.62 billion compare
- 64 Oman 39.49 billion compare
- 65 Kuwait 33.44 billion compare
More trade data for Nigeria
- Total current account debit/expenditure, Debit/Expenditure 68.62 billion (2024)
- Primary income, Debit/Expenditure 10.51 billion (2024)
- Services, Debit/Expenditure 17.93 billion (2024)
- Secondary income, Debit/Expenditure 380.46 million (2024)
- Milking, dairy machinery (trade) β Import Value 4,425 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) β Import Value 5,185 1000 USD (2005)
- Pedestrian controlled tractors (single axle tractors) β Import Value 686 1000 USD (2007)
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 128.67 million FAO, current US$ (2010)
- Manure spreaders and Fertiliser distributors β Import Value 447 1000 USD (2007)
Frequently asked questions
- What is goods, debit/expenditure in Nigeria?
- Goods, debit/expenditure in Nigeria was 39.80 billion in 2024, according to International Monetary Fund.
- What is the highest goods, debit/expenditure recorded in Nigeria?
- The highest recorded value was 66.22 billion in 2011.
- What is the lowest goods, debit/expenditure recorded in Nigeria?
- The lowest recorded value was 21.99 billion in 2006.
- How does Nigeria rank for goods, debit/expenditure?
- Nigeria ranks 62nd out of 198 countries with data for 2024.
- Is goods, debit/expenditure rising or falling in Nigeria?
- Over the last ten years it is down 35.3%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Goods, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.