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$, in 1988.
Nigeria ranks 1st of 50 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Migrant remittance inflows in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 20.16 million current US$ | — |
| 1978 | 3.15 million current US$ | -84.4% |
| 1979 | 8.28 million current US$ | +162.9% |
| 1980 | 21.95 million current US$ | +165.1% |
| 1981 | 16.19 million current US$ | -26.2% |
| 1982 | 17.82 million current US$ | +10.1% |
| 1983 | 13.80 million current US$ | -22.5% |
| 1984 | 11.74 million current US$ | -14.9% |
| 1985 | 10.07 million current US$ | -14.2% |
| 1986 | 3.99 million current US$ | -60.4% |
| 1987 | 2.74 million current US$ | -31.3% |
| 1988 | 2.42 million current US$ | -11.5% |
| 1989 | 10.18 million current US$ | +320.0% |
| 1990 | 10.01 million current US$ | -1.7% |
| 1991 | 65.54 million current US$ | +554.9% |
| 1992 | 56.45 million current US$ | -13.9% |
| 1993 | 793.15 million current US$ | +1305.1% |
| 1994 | 549.87 million current US$ | -30.7% |
| 1995 | 803.54 million current US$ | +46.1% |
| 1996 | 946.57 million current US$ | +17.8% |
| 1997 | 1.92 billion current US$ | +102.9% |
| 1998 | 1.57 billion current US$ | -18.0% |
| 1999 | 1.30 billion current US$ | -17.3% |
| 2000 | 1.39 billion current US$ | +7.0% |
| 2001 | 1.17 billion current US$ | -16.2% |
| 2002 | 1.21 billion current US$ | +3.6% |
| 2003 | 1.06 billion current US$ | -12.1% |
| 2004 | 2.27 billion current US$ | +113.8% |
| 2005 | 14.64 billion current US$ | +544.2% |
| 2006 | 16.93 billion current US$ | +15.7% |
| 2007 | 18.01 billion current US$ | +6.4% |
| 2008 | 19.21 billion current US$ | +6.6% |
| 2009 | 18.37 billion current US$ | -4.4% |
| 2010 | 19.82 billion current US$ | +7.9% |
| 2011 | 20.62 billion current US$ | +4.0% |
Nigeria compared with similar countries
- Nigeria's 20.62 billion current US$ is above the median for lower middle income countries, which is 96.58 million current US$, 213.5× the median. (24 countries reporting)
- Nigeria's 20.62 billion current US$ is above the median for Sub-Saharan Africa, which is 84.49 million current US$, 244.0× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Migrant remittance inflows in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +1305.1% | 56.45 million current US$ | 793.15 million current US$ |
| 1991 | +554.9% | 10.01 million current US$ | 65.54 million current US$ |
| 2005 | +544.2% | 2.27 billion current US$ | 14.64 billion current US$ |
| 1989 | +320.0% | 2.42 million current US$ | 10.18 million current US$ |
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
- 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 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.
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About this data
Migrants’ remittances are defined as the sum of worker’s remittances,