Workers' remittances, receipts in Nigeria
Nigeria: Workers' remittances, receipts was 8.4% in 2011. ▼ Falling
Workers' remittances, receipts in Nigeria, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates. Measured in % of GDP.
Analysis
Nigeria recorded 8.4% for workers' remittances, receipts in 2011. That is the lowest value across all 7 years on record.
Compared with earlier readings it is down 2.5% on the previous year and down 35.1% over ten years.
Nigeria ranks 6th of 37 countries on this measure, in the top quarter.
Workers' remittances, receipts in Nigeria, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 12.9% | — |
| 2006 | 11.5% | -10.8% |
| 2007 | 10.7% | -6.8% |
| 2008 | 9.2% | -14.1% |
| 2009 | 10.8% | +17.4% |
| 2010 | 8.6% | -20.5% |
| 2011 | 8.4% | -2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.0% | 9.2% | 12.9% | 5 |
| 2010s | 8.5% | 8.4% | 8.6% | 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, receipts in Nigeria?
- Workers' remittances, receipts in Nigeria was 8.4% in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
- What is the highest workers' remittances, receipts recorded in Nigeria?
- The highest recorded value was 12.9% in 2005.
- What is the lowest workers' remittances, receipts recorded in Nigeria?
- The lowest recorded value was 8.4% in 2011.
- How does Nigeria rank for workers' remittances, receipts?
- Nigeria ranks 6th out of 37 countries with data for 2011.
- Is workers' remittances, receipts rising or falling in Nigeria?
- Over the last ten years it is down 35.1%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates, published as part of Workers' remittances, receipts (% of GDP). 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 receipts by the reporting country. Data are in current U.S. dollars.