Trade, Overall in Nigeria
Nigeria: Trade, Overall was 0.6955 in 2014. ▲ Rising
Trade, Overall in Nigeria, 1988–2014
Source: International Monetary Fund.
Analysis
Nigeria recorded 0.6955 for trade, overall in 2014.
That represents a change of down 0.5% on the previous year and up 26.9% over ten years.
Over the whole period, trade, overall in Nigeria peaked at 0.7116 in 2009 and was at its lowest, 0.35, in 1994.
Nigeria ranks 74th of 90 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Trade, Overall in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1988 | 0.6362 | — |
| 1989 | 0.6193 | -2.7% |
| 1990 | 0.6176 | -0.3% |
| 1991 | 0.6176 | +0.0% |
| 1992 | 0.6166 | -0.2% |
| 1993 | 0.6166 | +0.0% |
| 1994 | 0.35 | -43.2% |
| 1995 | 0.4705 | +34.4% |
| 1996 | 0.496 | +5.4% |
| 1997 | 0.5622 | +13.4% |
| 1998 | 0.5622 | +0.0% |
| 1999 | 0.581 | +3.3% |
| 2000 | 0.5805 | -0.1% |
| 2001 | 0.5846 | +0.7% |
| 2002 | 0.5763 | -1.4% |
| 2003 | 0.5479 | -4.9% |
| 2004 | 0.5479 | +0.0% |
| 2005 | 0.7062 | +28.9% |
| 2006 | 0.7059 | -0.1% |
| 2007 | 0.7059 | +0.0% |
| 2008 | 0.7038 | -0.3% |
| 2009 | 0.7116 | +1.1% |
| 2010 | 0.7017 | -1.4% |
| 2011 | 0.7008 | -0.1% |
| 2012 | 0.7008 | +0.0% |
| 2013 | 0.6991 | -0.2% |
| 2014 | 0.6955 | -0.5% |
Nigeria compared with similar countries
- Nigeria's 0.6955 is below the median for lower middle income countries, which is 0.6957, 100% of the median. (20 countries reporting)
- Nigeria's 0.6955 is above the median for Sub-Saharan Africa, which is 0.6866, 1.0× the median. (14 countries reporting)
Biggest year-on-year movements
Years where Trade, Overall in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | -43.2% | 0.6166 | 0.35 |
| 1995 | +34.4% | 0.35 | 0.4705 |
| 2005 | +28.9% | 0.5479 | 0.7062 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.6277 | 0.6193 | 0.6362 | 2 |
| 1990s | 0.549 | 0.35 | 0.6176 | 10 |
| 2000s | 0.6371 | 0.5479 | 0.7116 | 10 |
| 2010s | 0.6996 | 0.6955 | 0.7017 | 5 |
Countries ranked near Nigeria
- 71 Mozambique 0.7338 compare
- 72 Kazakhstan 0.7093 compare
- 73 Uzbekistan 0.6959 compare
- 75 South Africa 0.6778 compare
- 76 Nepal 0.6577 compare
- 77 Ghana 0.6556 compare
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, overall in Nigeria?
- Trade, overall in Nigeria was 0.6955 in 2014, according to International Monetary Fund.
- What is the highest trade, overall recorded in Nigeria?
- The highest recorded value was 0.7116 in 2009.
- What is the lowest trade, overall recorded in Nigeria?
- The lowest recorded value was 0.35 in 1994.
- How does Nigeria rank for trade, overall?
- Nigeria ranks 74th out of 90 countries with data for 2014.
- Is trade, overall rising or falling in Nigeria?
- Over the last ten years it is up 26.9%. 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 Trade, Overall. Statizoid updates them automatically from the source API.
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.