Migrant remittance inflows in Nigeria
Nigeria: Migrant remittance inflows was 20.62 billion current US$ in 2011. ◆ Volatile
Migrant remittance inflows in Nigeria, 1977–2011
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
In 2011, migrant remittance inflows in Nigeria stood at 20.62 billion current US$. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 4.0% on the previous year and up 1,667.4% over ten years.
Over the whole period, migrant remittance inflows in Nigeria peaked at 20.62 billion current US$ in 2011 and was at its lowest, 2.42 million current US$, in 1988.
Nigeria ranks 1st of 50 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.53 million current US$ | 3.15 million current US$ | 20.16 million current US$ | 3 |
| 1980s | 11.09 million current US$ | 2.42 million current US$ | 21.95 million current US$ | 10 |
| 1990s | 802.06 million current US$ | 10.01 million current US$ | 1.92 billion current US$ | 10 |
| 2000s | 9.43 billion current US$ | 1.06 billion current US$ | 19.21 billion current US$ | 10 |
| 2010s | 20.22 billion current US$ | 19.82 billion current US$ | 20.62 billion current US$ | 2 |
Countries ranked near Nigeria
More trade data for Nigeria
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 128.67 million FAO, current US$ (2010)
- Lead time to export, median case 3 days (2018)
- Food imports excluding fish 5.14 billion FAO, current US$ (2010)
- Total agricultural imports 5.64 billion FAO, current US$ (2010)
- Cereal imports 1.88 billion FAO, current US$ (2010)
- Cereal imports quantity 5.87 million FAO, tonnes (2010)
- Total agricultural exports 1.16 billion FAO, current US$ (2010)
- Cereal exports 100,000 FAO, current US$ (2010)
- Cereal exports quantity 259 FAO, tonnes (2010)
Frequently asked questions
- What is migrant remittance inflows in Nigeria?
- Migrant remittance inflows in Nigeria was 20.62 billion current US$ in 2011, according to World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008.
- What is the highest migrant remittance inflows recorded in Nigeria?
- The highest recorded value was 20.62 billion current US$ in 2011.
- What is the lowest migrant remittance inflows recorded in Nigeria?
- The lowest recorded value was 2.42 million current US$ in 1988.
- How does Nigeria rank for migrant remittance inflows?
- Nigeria ranks 1st out of 50 countries with data for 2011.
- Is migrant remittance inflows rising or falling in Nigeria?
- Over the last ten years it is up 1,667.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, published as part of Migrant remittance inflows (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Migrants’ remittances are defined as the sum of worker’s remittances,