Workers' remittances, payments in Nigeria
Nigeria: Workers' remittances, payments was 32.24 million BoP, current US$ in 2011. ▲ Rising
Workers' remittances, payments in Nigeria, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
In 2011, workers' remittances, payments in Nigeria stood at 32.24 million BoP, current US$.
That represents a change of up 12.0% on the previous year and up 124.8% over ten years.
Nigeria ranks 19th of 34 countries on this measure, in the middle of the range.
Workers' remittances, payments in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 14.34 million BoP, current US$ | — |
| 2006 | 35.12 million BoP, current US$ | +144.8% |
| 2007 | 26.23 million BoP, current US$ | -25.3% |
| 2008 | 23.13 million BoP, current US$ | -11.8% |
| 2009 | 28.40 million BoP, current US$ | +22.7% |
| 2010 | 28.80 million BoP, current US$ | +1.4% |
| 2011 | 32.24 million BoP, current US$ | +12.0% |
Nigeria compared with similar countries
- Nigeria's 32.24 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 32.47 million BoP, current US$, 99% of the median. (28 countries reporting)
- Nigeria's 32.24 million BoP, current US$ is below the median for lower middle income countries, which is 32.70 million BoP, current US$, 99% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.44 million BoP, current US$ | 14.34 million BoP, current US$ | 35.12 million BoP, current US$ | 5 |
| 2010s | 30.52 million BoP, current US$ | 28.80 million BoP, current US$ | 32.24 million BoP, current US$ | 2 |
Countries ranked near Nigeria
- 16 Botswana 38.03 million BoP, current US$ compare
- 17 Mozambique 36.18 million BoP, current US$ compare
- 18 Tanzania 32.70 million BoP, current US$ compare
- 20 Guinea 32.16 million BoP, current US$ compare
- 21 Cameroon 27.77 million BoP, current US$ compare
- 22 Kenya 25.86 million BoP, current US$ 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 workers' remittances, payments in Nigeria?
- Workers' remittances, payments in Nigeria was 32.24 million BoP, current US$ in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest workers' remittances, payments recorded in Nigeria?
- The highest recorded value was 35.12 million BoP, current US$ in 2006.
- What is the lowest workers' remittances, payments recorded in Nigeria?
- The lowest recorded value was 14.34 million BoP, current US$ in 2005.
- How does Nigeria rank for workers' remittances, payments?
- Nigeria ranks 19th out of 34 countries with data for 2011.
- Is workers' remittances, payments rising or falling in Nigeria?
- Over the last ten years it is up 124.8%. 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, payments (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. This item shows payments by the reporting country. Data are in current U.S. dollars.