Workers' remittances, net in Nigeria
Nigeria: Workers' remittances, net was 20.41 billion BoP, current US$ in 2011. ▲ Rising
Workers' remittances, net in Nigeria, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
Nigeria recorded 20.41 billion BoP, current US$ for workers' remittances, net in 2011. That is the highest value across all 7 years on record.
The figure is up 4.0% on the previous year and up 41.0% over ten years.
Nigeria ranks 1st of 39 countries on this measure, in the top 10%.
Workers' remittances, net in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 14.47 billion BoP, current US$ | — |
| 2006 | 16.71 billion BoP, current US$ | +15.4% |
| 2007 | 17.77 billion BoP, current US$ | +6.4% |
| 2008 | 19.06 billion BoP, current US$ | +7.3% |
| 2009 | 18.20 billion BoP, current US$ | -4.5% |
| 2010 | 19.62 billion BoP, current US$ | +7.8% |
| 2011 | 20.41 billion BoP, current US$ | +4.0% |
Nigeria compared with similar countries
- Nigeria's 20.41 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 35.90 million BoP, current US$, 568.5× the median. (33 countries reporting)
- Nigeria's 20.41 billion BoP, current US$ is above the median for lower middle income countries, which is 48.40 million BoP, current US$, 421.6× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.24 billion BoP, current US$ | 14.47 billion BoP, current US$ | 19.06 billion BoP, current US$ | 5 |
| 2010s | 20.01 billion BoP, current US$ | 19.62 billion BoP, current US$ | 20.41 billion BoP, current US$ | 2 |
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 workers' remittances, net in Nigeria?
- Workers' remittances, net in Nigeria was 20.41 billion BoP, current US$ in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest workers' remittances, net recorded in Nigeria?
- The highest recorded value was 20.41 billion BoP, current US$ in 2011.
- What is the lowest workers' remittances, net recorded in Nigeria?
- The lowest recorded value was 14.47 billion BoP, current US$ in 2005.
- How does Nigeria rank for workers' remittances, net?
- Nigeria ranks 1st out of 39 countries with data for 2011.
- Is workers' remittances, net rising or falling in Nigeria?
- Over the last ten years it is up 41.0%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Workers' remittances, net (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. Data are in current U.S. dollars.