Official current transfers, receipts (BoP, current US$) in Nigeria
Nigeria: Official current transfers, receipts (BoP, current US$) was 1.83 billion BoP, current US$ in 2011. ▲ Rising
Official current transfers, receipts in Nigeria, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
In 2011, official current transfers, receipts in Nigeria stood at 1.83 billion BoP, current US$.
Compared with earlier readings it is up 14.2% on the previous year and up 1,426.0% over ten years.
That places Nigeria 2nd out of 40 countries with data for 2011, putting it in the top 10%.
Official current transfers, receipts (BoP, current US$) in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 120.12 million BoP, current US$ | — |
| 2006 | 1.02 billion BoP, current US$ | +751.7% |
| 2007 | 860.30 million BoP, current US$ | -15.9% |
| 2008 | 1.85 billion BoP, current US$ | +114.8% |
| 2009 | 1.59 billion BoP, current US$ | -13.9% |
| 2010 | 1.61 billion BoP, current US$ | +0.9% |
| 2011 | 1.83 billion BoP, current US$ | +14.2% |
Nigeria compared with similar countries
- Nigeria's 1.83 billion BoP, current US$ is above the median for lower middle income countries, which is 154.06 million BoP, current US$, 11.9× the median. (19 countries reporting)
- Nigeria's 1.83 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 220.69 million BoP, current US$, 8.3× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.09 billion BoP, current US$ | 120.12 million BoP, current US$ | 1.85 billion BoP, current US$ | 5 |
| 2010s | 1.72 billion BoP, current US$ | 1.61 billion BoP, current US$ | 1.83 billion 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, receipts in Nigeria?
- Official current transfers, receipts in Nigeria was 1.83 billion 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, receipts recorded in Nigeria?
- The highest recorded value was 1.85 billion BoP, current US$ in 2008.
- What is the lowest official current transfers, receipts recorded in Nigeria?
- The lowest recorded value was 120.12 million BoP, current US$ in 2005.
- How does Nigeria rank for official current transfers, receipts?
- Nigeria ranks 2nd out of 40 countries with data for 2011.
- Is official current transfers, receipts rising or falling in Nigeria?
- Over the last ten years it is up 1,426.0%. 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, receipts (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.