Official current transfers, payments in Nigeria
Nigeria: Official current transfers, payments was 116.89 million BoP, current US$ in 2011. ▲ Rising
Latest (2011)
116.89 million BoP, current US$
Change on year
down 30.7%
World rank
3rd
of 34 countries
All-time high
168.76 million BoP, current US$
in 2010
All-time low
47.65 million BoP, current US$
in 2006
Years of data
7
2005–2011
Official current transfers, payments in Nigeria, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
Nigeria recorded 116.89 million BoP, current US$ for official current transfers, payments in 2011.
That represents a change of down 30.7% on the previous year and up 92.5% over ten years.
Nigeria ranks 3rd of 34 countries on this measure, in the top 10%.
Official current transfers, payments in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 60.73 million BoP, current US$ | — |
| 2006 | 47.65 million BoP, current US$ | -21.5% |
| 2007 | 82.92 million BoP, current US$ | +74.0% |
| 2008 | 118.51 million BoP, current US$ | +42.9% |
| 2009 | 117.48 million BoP, current US$ | -0.9% |
| 2010 | 168.76 million BoP, current US$ | +43.7% |
| 2011 | 116.89 million BoP, current US$ | -30.7% |
Nigeria compared with similar countries
- Nigeria's 116.89 million BoP, current US$ is above the median for lower middle income countries, which is 20.54 million BoP, current US$, 5.7× the median. (17 countries reporting)
- Nigeria's 116.89 million BoP, current US$ is above the median for Sub-Saharan Africa, which is 5.73 million BoP, current US$, 20.4× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 85.46 million BoP, current US$ | 47.65 million BoP, current US$ | 118.51 million BoP, current US$ | 5 |
| 2010s | 142.83 million BoP, current US$ | 116.89 million BoP, current US$ | 168.76 million BoP, 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 official current transfers, payments in Nigeria?
- Official current transfers, payments in Nigeria was 116.89 million BoP, current US$ in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest official current transfers, payments recorded in Nigeria?
- The highest recorded value was 168.76 million BoP, current US$ in 2010.
- What is the lowest official current transfers, payments recorded in Nigeria?
- The lowest recorded value was 47.65 million BoP, current US$ in 2006.
- How does Nigeria rank for official current transfers, payments?
- Nigeria ranks 3rd out of 34 countries with data for 2011.
- Is official current transfers, payments rising or falling in Nigeria?
- Over the last ten years it is up 92.5%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Official current transfers, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
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.