Current account balance (credit less debit), Net (credits less debits) in Nigeria
Nigeria: Current account balance (credit less debit), Net (credits less debits) was 17.22 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Nigeria, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Nigeria is 17.22 billion, measured in 2024.
The figure is up 168.0% on the previous year and up 1,799.0% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Nigeria peaked at 36.53 billion in 2005 and was at its lowest, -15.99 billion, in 2020.
Nigeria ranks 21st of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 36.53 billion | — |
| 2006 | 36.52 billion | -0.0% |
| 2007 | 27.65 billion | -24.3% |
| 2008 | 29.15 billion | +5.4% |
| 2009 | 13.87 billion | -52.4% |
| 2010 | 13.11 billion | -5.5% |
| 2011 | 10.67 billion | -18.6% |
| 2012 | 17.37 billion | +62.9% |
| 2013 | 19.05 billion | +9.6% |
| 2014 | 906.54 million | -95.2% |
| 2015 | -15.44 billion | -1803.0% |
| 2016 | 5.08 billion | -132.9% |
| 2017 | 13.56 billion | +167.2% |
| 2018 | 7.28 billion | -46.3% |
| 2019 | -13.69 billion | -287.9% |
| 2020 | -15.99 billion | +16.8% |
| 2021 | -3.25 billion | -79.6% |
| 2022 | 1.02 billion | -131.3% |
| 2023 | 6.42 billion | +530.6% |
| 2024 | 17.22 billion | +168.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.74 billion | 13.87 billion | 36.53 billion | 5 |
| 2010s | 5.79 billion | -15.44 billion | 19.05 billion | 10 |
| 2020s | 1.08 billion | -15.99 billion | 17.22 billion | 5 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Nigeria?
- Current account balance (credit less debit), net (credits less debits) in Nigeria was 17.22 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Nigeria?
- The highest recorded value was 36.53 billion in 2005.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Nigeria?
- The lowest recorded value was -15.99 billion in 2020.
- How does Nigeria rank for current account balance (credit less debit), net (credits less debits)?
- Nigeria ranks 21st out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Nigeria?
- Over the last ten years it is up 1,799.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.