Migrant remittance outflows in Nigeria
Nigeria: Migrant remittance outflows was 75.51 million current US$ in 2011. ◆ Volatile
Migrant remittance outflows 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$.
Analysis
The most recent figure for migrant remittance outflows in Nigeria is 75.51 million current US$, measured in 2011.
That represents a change of up 58.5% on the previous year and up 12,626.4% over ten years.
Over the whole period, migrant remittance outflows in Nigeria peaked at 523.06 million current US$ in 1980 and was at its lowest, 593,365 current US$, in 2001.
That places Nigeria 16th out of 49 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 269.31 million current US$ | 198.54 million current US$ | 355.96 million current US$ | 3 |
| 1980s | 271.10 million current US$ | 21.66 million current US$ | 523.06 million current US$ | 10 |
| 1990s | 12.73 million current US$ | 1.75 million current US$ | 53.51 million current US$ | 10 |
| 2000s | 36.38 million current US$ | 593,365 current US$ | 101.56 million current US$ | 10 |
| 2010s | 61.58 million current US$ | 47.65 million current US$ | 75.51 million 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 outflows in Nigeria?
- Migrant remittance outflows in Nigeria was 75.51 million 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 outflows recorded in Nigeria?
- The highest recorded value was 523.06 million current US$ in 1980.
- What is the lowest migrant remittance outflows recorded in Nigeria?
- The lowest recorded value was 593,365 current US$ in 2001.
- How does Nigeria rank for migrant remittance outflows?
- Nigeria ranks 16th out of 49 countries with data for 2011.
- Is migrant remittance outflows rising or falling in Nigeria?
- Over the last ten years it is up 12,626.4%. 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 outflows (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,