Total current account debit/expenditure, Debit/Expenditure in Nigeria
Nigeria: Total current account debit/expenditure, Debit/Expenditure was 68.62 billion in 2024. β² Rising
Total current account debit/expenditure, Debit/Expenditure in Nigeria, 2005β2024
Source: International Monetary Fund.
Analysis
The most recent figure for total current account debit/expenditure, debit/expenditure in Nigeria is 68.62 billion, measured in 2024.
The figure is down 12.9% on the previous year and down 36.5% over ten years.
Over the whole period, total current account debit/expenditure, debit/expenditure in Nigeria peaked at 114.94 billion in 2011 and was at its lowest, 35.90 billion, in 2005.
Nigeria ranks 62nd of 197 countries on this measure, 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 | 57.40 billion | 35.90 billion | 82.14 billion | 5 |
| 2010s | 92.57 billion | 55.56 billion | 114.94 billion | 10 |
| 2020s | 79.51 billion | 68.62 billion | 92.49 billion | 5 |
Countries ranked near Nigeria
More trade data for Nigeria
- Goods, Debit/Expenditure 39.80 billion (2024)
- Primary income, Debit/Expenditure 10.51 billion (2024)
- Services, Debit/Expenditure 17.93 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 total current account debit/expenditure, debit/expenditure in Nigeria?
- Total current account debit/expenditure, debit/expenditure in Nigeria was 68.62 billion in 2024, according to International Monetary Fund.
- What is the highest total current account debit/expenditure, debit/expenditure recorded in Nigeria?
- The highest recorded value was 114.94 billion in 2011.
- What is the lowest total current account debit/expenditure, debit/expenditure recorded in Nigeria?
- The lowest recorded value was 35.90 billion in 2005.
- How does Nigeria rank for total current account debit/expenditure, debit/expenditure?
- Nigeria ranks 62nd out of 197 countries with data for 2024.
- Is total current account debit/expenditure, debit/expenditure rising or falling in Nigeria?
- Over the last ten years it is down 36.5%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Total current account debit/expenditure, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.