Trade balance in low carbon technology products, Percent of GDP in Nigeria
Nigeria: Trade balance in low carbon technology products, Percent of GDP was -0.5459 in 2024. ▼ Falling
Trade balance in low carbon technology products, Percent of GDP in Nigeria, 1996–2024
Source: International Monetary Fund.
Analysis
Nigeria recorded -0.5459 for trade balance in low carbon technology products, percent of gdp in 2024. That is the lowest value across all 27 years on record.
The figure is down 36.4% on the previous year and down 128.9% over ten years.
Over the whole period, trade balance in low carbon technology products, percent of gdp in Nigeria peaked at -0.0633 in 1998 and was at its lowest, -0.5459, in 2024.
Nigeria ranks 57th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Trade balance in low carbon technology products, Percent of GDP in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | -0.1027 | — |
| 1997 | -0.0662 | -35.5% |
| 1998 | -0.0633 | -4.4% |
| 1999 | -0.147 | +132.3% |
| 2000 | -0.1828 | +24.3% |
| 2001 | -0.2269 | +24.1% |
| 2002 | -0.2108 | -7.1% |
| 2003 | -0.2357 | +11.8% |
| 2006 | -0.4318 | +83.2% |
| 2007 | -0.2969 | -31.2% |
| 2008 | -0.3194 | +7.6% |
| 2009 | -0.2892 | -9.5% |
| 2010 | -0.3605 | +24.6% |
| 2011 | -0.3065 | -15.0% |
| 2012 | -0.2072 | -32.4% |
| 2013 | -0.1933 | -6.7% |
| 2014 | -0.2385 | +23.4% |
| 2015 | -0.1919 | -19.5% |
| 2016 | -0.3587 | +86.9% |
| 2017 | -0.2513 | -29.9% |
| 2018 | -0.2823 | +12.3% |
| 2019 | -0.4065 | +44.0% |
| 2020 | -0.4846 | +19.2% |
| 2021 | -0.3425 | -29.3% |
| 2022 | -0.2879 | -15.9% |
| 2023 | -0.4003 | +39.0% |
| 2024 | -0.5459 | +36.4% |
Nigeria compared with similar countries
- Nigeria's -0.5459 is above the median for lower middle income countries, which is -0.8301, 66% of the median. (44 countries reporting)
- Nigeria's -0.5459 is above the median for Sub-Saharan Africa, which is -0.7682, 71% of the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.0948 | -0.147 | -0.0633 | 4 |
| 2000s | -0.2742 | -0.4318 | -0.1828 | 8 |
| 2010s | -0.2797 | -0.4065 | -0.1919 | 10 |
| 2020s | -0.4122 | -0.5459 | -0.2879 | 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 trade balance in low carbon technology products, percent of gdp in Nigeria?
- Trade balance in low carbon technology products, percent of gdp in Nigeria was -0.5459 in 2024, according to International Monetary Fund.
- What is the highest trade balance in low carbon technology products, percent of gdp recorded in Nigeria?
- The highest recorded value was -0.0633 in 1998.
- What is the lowest trade balance in low carbon technology products, percent of gdp recorded in Nigeria?
- The lowest recorded value was -0.5459 in 2024.
- How does Nigeria rank for trade balance in low carbon technology products, percent of gdp?
- Nigeria ranks 57th out of 177 countries with data for 2024.
- Is trade balance in low carbon technology products, percent of gdp rising or falling in Nigeria?
- Over the last ten years it is down 128.9%. 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 Trade balance in low carbon technology products, Percent of GDP (World). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
This dataset provides information on the bilateral trade flows of low-carbon technology products, as well as country and world aggregates . Low carbon technology products produce less pollution than their traditional energy counterparts, and will play a vital role in the transition to a low carbon economy. Low carbon technologies include mechanics like wind turbines, solar panels, biomass systems and carbon capture equipment.