Trade, S1 - Payment restrictions for international trade in Nigeria
Nigeria: Trade, S1 - Payment restrictions for international trade was 0.625 in 2014. ▲ Rising
Trade, S1 - Payment restrictions for international trade in Nigeria, 1973–2014
Source: International Monetary Fund.
Analysis
Nigeria recorded 0.625 for trade, s1 - payment restrictions for international trade in 2014.
Compared with earlier readings it is up 11.1% over ten years.
Over the whole period, trade, s1 - payment restrictions for international trade in Nigeria peaked at 0.75 in 1986 and was at its lowest, 0.25, in 1973.
Nigeria ranks 69th of 90 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Trade, S1 - Payment restrictions for international trade in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.25 | — |
| 1974 | 0.3125 | +25.0% |
| 1975 | 0.375 | +20.0% |
| 1976 | 0.375 | +0.0% |
| 1977 | 0.3125 | -16.7% |
| 1978 | 0.25 | -20.0% |
| 1979 | 0.25 | +0.0% |
| 1980 | 0.25 | +0.0% |
| 1981 | 0.25 | +0.0% |
| 1982 | 0.25 | +0.0% |
| 1983 | 0.25 | +0.0% |
| 1984 | 0.25 | +0.0% |
| 1985 | 0.25 | +0.0% |
| 1986 | 0.75 | +200.0% |
| 1987 | 0.75 | +0.0% |
| 1988 | 0.75 | +0.0% |
| 1989 | 0.75 | +0.0% |
| 1990 | 0.75 | +0.0% |
| 1991 | 0.75 | +0.0% |
| 1992 | 0.75 | +0.0% |
| 1993 | 0.75 | +0.0% |
| 1994 | 0.25 | -66.7% |
| 1995 | 0.375 | +50.0% |
| 1996 | 0.4375 | +16.7% |
| 1997 | 0.5625 | +28.6% |
| 1998 | 0.5625 | +0.0% |
| 1999 | 0.625 | +11.1% |
| 2000 | 0.625 | +0.0% |
| 2001 | 0.625 | +0.0% |
| 2002 | 0.625 | +0.0% |
| 2003 | 0.5625 | -10.0% |
| 2004 | 0.5625 | +0.0% |
| 2005 | 0.625 | +11.1% |
| 2006 | 0.625 | +0.0% |
| 2007 | 0.625 | +0.0% |
| 2008 | 0.625 | +0.0% |
| 2009 | 0.625 | +0.0% |
| 2010 | 0.625 | +0.0% |
| 2011 | 0.625 | +0.0% |
| 2012 | 0.625 | +0.0% |
| 2013 | 0.625 | +0.0% |
| 2014 | 0.625 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3036 | 0.25 | 0.375 | 7 |
| 1980s | 0.45 | 0.25 | 0.75 | 10 |
| 1990s | 0.5813 | 0.25 | 0.75 | 10 |
| 2000s | 0.6125 | 0.5625 | 0.625 | 10 |
| 2010s | 0.625 | 0.625 | 0.625 | 5 |
Countries ranked near Nigeria
- 66 China 0.6875 compare
- 66 Madagascar 0.6875 compare
- 66 Thailand 0.6875 compare
- 69 Morocco 0.625 compare
- 69 Mozambique 0.625 compare
- 69 Tunisia 0.625 compare
- 69 Uzbekistan 0.625 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, s1 - payment restrictions for international trade in Nigeria?
- Trade, s1 - payment restrictions for international trade in Nigeria was 0.625 in 2014, according to International Monetary Fund.
- What is the highest trade, s1 - payment restrictions for international trade recorded in Nigeria?
- The highest recorded value was 0.75 in 1986.
- What is the lowest trade, s1 - payment restrictions for international trade recorded in Nigeria?
- The lowest recorded value was 0.25 in 1973.
- How does Nigeria rank for trade, s1 - payment restrictions for international trade?
- Nigeria ranks 69th out of 90 countries with data for 2014.
- Is trade, s1 - payment restrictions for international trade rising or falling in Nigeria?
- Over the last ten years it is up 11.1%. 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, S1 - Payment restrictions for international trade. 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.