Net current transfers in Nigeria
Nigeria: Net current transfers was 8.9% in 2011. βΌ Falling
Net current transfers in Nigeria, 2005β2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator. Measured in % of GDP.
Analysis
In 2011, net current transfers in Nigeria stood at 8.9%. That is the lowest value across all 7 years on record.
Compared with earlier readings it is down 1.7% on the previous year and down 33.8% over ten years.
Nigeria ranks 15th of 41 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.6% | 9.8% | 13.5% | 5 |
| 2010s | 9.0% | 8.9% | 9.1% | 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 net current transfers in Nigeria?
- Net current transfers in Nigeria was 8.9% in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator.
- What is the highest net current transfers recorded in Nigeria?
- The highest recorded value was 13.5% in 2005.
- What is the lowest net current transfers recorded in Nigeria?
- The lowest recorded value was 8.9% in 2011.
- How does Nigeria rank for net current transfers?
- Nigeria ranks 15th out of 41 countries with data for 2011.
- Is net current transfers rising or falling in Nigeria?
- Over the last ten years it is down 33.8%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank GDP estimates are used for the denominator, published as part of Net current transfers (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 7 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.