Official current transfers, payments in Nigeria
Nigeria: Official current transfers, payments was 116.89 million BoP, current US$ in 2011. ▲ Rising
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%.
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
- 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 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.