European Union vs Nigeria: Total reserves in months of imports
Total reserves in months of imports over time
- European Union
- Nigeria
How they compare
Nigeria currently reports 7.12 against 4.22 in European Union, a difference of 2.9.
That makes Nigeria's figure about 1.7 times European Union's.
The two have swapped places 3 times across 44 shared years of data; in 1977 it was European Union ahead.
European Union ranks 41st and Nigeria ranks 40th of 47 groups.
Across the 6 decades both report, European Union averaged higher in 2 and Nigeria in 4.
Head to head by decade
| Decade | European Union | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.33 | 3.24 | 2.08 | European Union |
| 1980s | 4.58 | 2.4 | 2.18 | European Union |
| 1990s | 3.53 | 8.56 | 5.03 | Nigeria |
| 2000s | 2.39 | 7.96 | 5.58 | Nigeria |
| 2010s | 3.09 | 5.07 | 1.98 | Nigeria |
| 2020s | 3.64 | 6.08 | 2.44 | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total reserves in months of imports, European Union or Nigeria?
- Nigeria, at 7.12 against 4.22 in European Union as of 2025.
- What is the difference in total reserves in months of imports between European Union and Nigeria?
- 2.9, with Nigeria ahead.
- How many years of comparable data are there for European Union and Nigeria?
- 44 years are reported by both, from 1977 to 2025.
- How do European Union and Nigeria rank globally for total reserves in months of imports?
- European Union ranks 41st and Nigeria ranks 40th of 47 groups.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Total reserves in months of imports. Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].