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$, in 2001.
That places Nigeria 16th out of 49 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Migrant remittance outflows in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 198.54 million current US$ | — |
| 1978 | 253.44 million current US$ | +27.6% |
| 1979 | 355.96 million current US$ | +40.5% |
| 1980 | 523.06 million current US$ | +46.9% |
| 1981 | 484.05 million current US$ | -7.5% |
| 1982 | 427.64 million current US$ | -11.7% |
| 1983 | 408.61 million current US$ | -4.5% |
| 1984 | 332.67 million current US$ | -18.6% |
| 1985 | 297.61 million current US$ | -10.5% |
| 1986 | 149.90 million current US$ | -49.6% |
| 1987 | 21.66 million current US$ | -85.5% |
| 1988 | 37.03 million current US$ | +70.9% |
| 1989 | 28.79 million current US$ | -22.3% |
| 1990 | 8.85 million current US$ | -69.2% |
| 1991 | 53.51 million current US$ | +504.4% |
| 1992 | 34.80 million current US$ | -35.0% |
| 1993 | 2.31 million current US$ | -93.4% |
| 1994 | 3.50 million current US$ | +51.5% |
| 1995 | 4.70 million current US$ | +34.4% |
| 1996 | 1.75 million current US$ | -62.9% |
| 1997 | 3.82 million current US$ | +118.6% |
| 1998 | 4.66 million current US$ | +22.1% |
| 1999 | 9.40 million current US$ | +101.7% |
| 2000 | 1.05 million current US$ | -88.8% |
| 2001 | 593,365 current US$ | -43.6% |
| 2002 | 903,964 current US$ | +52.3% |
| 2003 | 11.56 million current US$ | +1179.1% |
| 2004 | 20.86 million current US$ | +80.4% |
| 2005 | 68.03 million current US$ | +226.2% |
| 2006 | 101.56 million current US$ | +49.3% |
| 2007 | 54.00 million current US$ | -46.8% |
| 2008 | 58.17 million current US$ | +7.7% |
| 2009 | 47.03 million current US$ | -19.1% |
| 2010 | 47.65 million current US$ | +1.3% |
| 2011 | 75.51 million current US$ | +58.5% |
Nigeria compared with similar countries
- Nigeria's 75.51 million current US$ is above the median for lower middle income countries, which is 50.04 million current US$, 1.5× the median. (24 countries reporting)
- Nigeria's 75.51 million current US$ is above the median for Sub-Saharan Africa, which is 30.76 million current US$, 2.5× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Migrant remittance outflows in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +1179.1% | 903,964 current US$ | 11.56 million current US$ |
| 1991 | +504.4% | 8.85 million current US$ | 53.51 million current US$ |
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
- 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 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,