Total current account debit/expenditure, Debit/Expenditure in Nigeria
Nigeria: Total current account debit/expenditure, Debit/Expenditure was 68.62 billion in 2024. ▲ Rising
Total current account debit/expenditure, Debit/Expenditure in Nigeria, 2005–2024
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.
Total current account debit/expenditure, Debit/Expenditure in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 35.90 billion | — |
| 2006 | 42.57 billion | +18.6% |
| 2007 | 61.11 billion | +43.6% |
| 2008 | 82.14 billion | +34.4% |
| 2009 | 65.29 billion | -20.5% |
| 2010 | 91.77 billion | +40.6% |
| 2011 | 114.94 billion | +25.3% |
| 2012 | 104.40 billion | -9.2% |
| 2013 | 103.78 billion | -0.6% |
| 2014 | 108.11 billion | +4.2% |
| 2015 | 87.53 billion | -19.0% |
| 2016 | 55.56 billion | -36.5% |
| 2017 | 61.29 billion | +10.3% |
| 2018 | 85.33 billion | +39.2% |
| 2019 | 113.01 billion | +32.4% |
| 2020 | 79.25 billion | -29.9% |
| 2021 | 78.40 billion | -1.1% |
| 2022 | 92.49 billion | +18.0% |
| 2023 | 78.81 billion | -14.8% |
| 2024 | 68.62 billion | -12.9% |
Nigeria compared with similar countries
- Nigeria's 68.62 billion is above the median for lower middle income countries, which is 12.89 billion, 5.3× the median. (46 countries reporting)
- Nigeria's 68.62 billion is above the median for Sub-Saharan Africa, which is 8.29 billion, 8.3× the median. (43 countries reporting)
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
- 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 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.
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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.