Goods, Debit/Expenditure in Nigeria
Nigeria: Goods, Debit/Expenditure was 39.80 billion in 2024. ▲ Rising
Goods, Debit/Expenditure in Nigeria, 2005–2024
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.
Goods, Debit/Expenditure in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 26.00 billion | — |
| 2006 | 21.99 billion | -15.4% |
| 2007 | 28.30 billion | +28.7% |
| 2008 | 39.83 billion | +40.8% |
| 2009 | 30.78 billion | -22.7% |
| 2010 | 49.52 billion | +60.9% |
| 2011 | 66.22 billion | +33.7% |
| 2012 | 56.93 billion | -14.0% |
| 2013 | 54.85 billion | -3.7% |
| 2014 | 61.54 billion | +12.2% |
| 2015 | 52.33 billion | -15.0% |
| 2016 | 35.24 billion | -32.7% |
| 2017 | 32.67 billion | -7.3% |
| 2018 | 40.75 billion | +24.7% |
| 2019 | 62.11 billion | +52.4% |
| 2020 | 52.35 billion | -15.7% |
| 2021 | 51.42 billion | -1.8% |
| 2022 | 58.23 billion | +13.2% |
| 2023 | 47.75 billion | -18.0% |
| 2024 | 39.80 billion | -16.6% |
Nigeria compared with similar countries
- Nigeria's 39.80 billion is above the median for lower middle income countries, which is 9.16 billion, 4.3× the median. (46 countries reporting)
- Nigeria's 39.80 billion is above the median for Sub-Saharan Africa, which is 5.55 billion, 7.2× the median. (43 countries reporting)
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
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 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.