Primary income, Debit/Expenditure in Nigeria
Nigeria: Primary income, Debit/Expenditure was 10.51 billion in 2024. ▼ Falling
Primary income, Debit/Expenditure in Nigeria, 2005–2024
Source: International Monetary Fund.
Analysis
Nigeria recorded 10.51 billion for primary income, debit/expenditure in 2024.
That represents a change of down 19.1% on the previous year and down 49.5% over ten years.
Over the whole period, primary income, debit/expenditure in Nigeria peaked at 26.40 billion in 2013 and was at its lowest, 3.15 billion, in 2005.
That places Nigeria 57th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Primary income, Debit/Expenditure in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 3.15 billion | — |
| 2006 | 6.48 billion | +105.9% |
| 2007 | 14.31 billion | +121.0% |
| 2008 | 17.41 billion | +21.6% |
| 2009 | 15.34 billion | -11.9% |
| 2010 | 20.44 billion | +33.2% |
| 2011 | 23.68 billion | +15.9% |
| 2012 | 23.04 billion | -2.7% |
| 2013 | 26.40 billion | +14.6% |
| 2014 | 20.80 billion | -21.2% |
| 2015 | 13.64 billion | -34.4% |
| 2016 | 7.51 billion | -45.0% |
| 2017 | 9.83 billion | +31.0% |
| 2018 | 13.30 billion | +35.3% |
| 2019 | 11.48 billion | -13.7% |
| 2020 | 6.47 billion | -43.7% |
| 2021 | 10.48 billion | +62.1% |
| 2022 | 14.54 billion | +38.7% |
| 2023 | 12.98 billion | -10.7% |
| 2024 | 10.51 billion | -19.1% |
Nigeria compared with similar countries
- Nigeria's 10.51 billion is above the median for lower middle income countries, which is 1.26 billion, 8.4× the median. (46 countries reporting)
- Nigeria's 10.51 billion is above the median for Sub-Saharan Africa, which is 564.76 million, 18.6× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.34 billion | 3.15 billion | 17.41 billion | 5 |
| 2010s | 17.01 billion | 7.51 billion | 26.40 billion | 10 |
| 2020s | 11.00 billion | 6.47 billion | 14.54 billion | 5 |
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 primary income, debit/expenditure in Nigeria?
- Primary income, debit/expenditure in Nigeria was 10.51 billion in 2024, according to International Monetary Fund.
- What is the highest primary income, debit/expenditure recorded in Nigeria?
- The highest recorded value was 26.40 billion in 2013.
- What is the lowest primary income, debit/expenditure recorded in Nigeria?
- The lowest recorded value was 3.15 billion in 2005.
- How does Nigeria rank for primary income, debit/expenditure?
- Nigeria ranks 57th out of 198 countries with data for 2024.
- Is primary income, debit/expenditure rising or falling in Nigeria?
- Over the last ten years it is down 49.5%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Primary income, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.