Services, Debit/Expenditure in Nigeria
Nigeria: Services, Debit/Expenditure was 17.93 billion in 2024. β² Rising
Services, Debit/Expenditure in Nigeria, 2005β2024
Source: International Monetary Fund.
Analysis
The most recent figure for services, debit/expenditure in Nigeria is 17.93 billion, measured in 2024.
The figure is up 1.4% on the previous year and down 28.0% over ten years.
Over the whole period, services, debit/expenditure in Nigeria peaked at 38.71 billion in 2019 and was at its lowest, 6.62 billion, in 2005.
That places Nigeria 54th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.39 billion | 6.62 billion | 24.37 billion | 5 |
| 2010s | 23.58 billion | 11.76 billion | 38.71 billion | 10 |
| 2020s | 18.06 billion | 16.06 billion | 19.83 billion | 5 |
Countries ranked near Nigeria
- 51 South Africa 20.05 billion compare
- 52 New Zealand 19.48 billion compare
- 53 Colombia 18.23 billion compare
- 55 Malta 17.40 billion compare
- 56 Peru 15.07 billion compare
- 57 Lithuania, Republic of 14.73 billion compare
More trade data for Nigeria
- Total current account debit/expenditure, Debit/Expenditure 68.62 billion (2024)
- Goods, Debit/Expenditure 39.80 billion (2024)
- Primary income, Debit/Expenditure 10.51 billion (2024)
- Secondary income, Debit/Expenditure 380.46 million (2024)
- Milking, dairy machinery (trade) β Import Value 4,425 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) β Import Value 5,185 1000 USD (2005)
- Pedestrian controlled tractors (single axle tractors) β Import Value 686 1000 USD (2007)
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 128.67 million FAO, current US$ (2010)
- Manure spreaders and Fertiliser distributors β Import Value 447 1000 USD (2007)
Frequently asked questions
- What is services, debit/expenditure in Nigeria?
- Services, debit/expenditure in Nigeria was 17.93 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Nigeria?
- The highest recorded value was 38.71 billion in 2019.
- What is the lowest services, debit/expenditure recorded in Nigeria?
- The lowest recorded value was 6.62 billion in 2005.
- How does Nigeria rank for services, debit/expenditure?
- Nigeria ranks 54th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Nigeria?
- Over the last ten years it is down 28.0%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Services, 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.