Foreign Assets, Net Foreign Assets (Depository Corporations Survey) in Nigeria
Nigeria: Foreign Assets, Net Foreign Assets (Depository Corporations Survey) was 8.60 trillion in 2008. ◆ Volatile
Foreign Assets, Net Foreign Assets in Nigeria, 1959–2008
Source: International Monetary Fund.
Analysis
In 2008, foreign assets, net foreign assets in Nigeria stood at 8.60 trillion. That is the highest value across all 50 years on record.
The figure is up 17.3% on the previous year and up 4,130.8% over ten years.
Over the whole period, foreign assets, net foreign assets in Nigeria peaked at 8.60 trillion in 2008 and was at its lowest, -4.36 billion, in 1994.
That places Nigeria 15th out of 178 countries with data for 2008, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign Assets, Net Foreign Assets (Depository Corporations Survey) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1959 | 251.60 million | — |
| 1960 | 221.00 million | -12.2% |
| 1961 | 223.60 million | +1.2% |
| 1962 | 203.50 million | -9.0% |
| 1963 | 153.57 million | -24.5% |
| 1964 | 132.17 million | -13.9% |
| 1965 | 159.67 million | +20.8% |
| 1966 | 137.70 million | -13.8% |
| 1967 | 55.20 million | -59.9% |
| 1968 | 79.61 million | +44.2% |
| 1969 | 94.21 million | +18.3% |
| 1970 | 153.61 million | +63.0% |
| 1971 | 280.03 million | +82.3% |
| 1972 | 243.66 million | -13.0% |
| 1973 | 414.14 million | +70.0% |
| 1974 | 3.50 billion | +744.7% |
| 1975 | 3.67 billion | +4.8% |
| 1976 | 3.33 billion | -9.2% |
| 1977 | 2.89 billion | -13.2% |
| 1978 | 1.42 billion | -50.9% |
| 1979 | 3.23 billion | +127.3% |
| 1980 | 5.61 billion | +73.7% |
| 1981 | 2.56 billion | -54.4% |
| 1982 | 1.06 billion | -58.6% |
| 1983 | 807.63 million | -23.6% |
| 1984 | 1.42 billion | +76.2% |
| 1985 | 1.82 billion | +27.6% |
| 1986 | 4.46 billion | +145.8% |
| 1987 | 6.86 billion | +53.8% |
| 1988 | 7.97 billion | +16.2% |
| 1989 | 18.30 billion | +129.4% |
| 1990 | 41.32 billion | +125.8% |
| 1991 | 54.05 billion | +30.8% |
| 1992 | 9.17 billion | -83.0% |
| 1993 | 8.58 billion | -6.4% |
| 1994 | -4.36 billion | -150.8% |
| 1995 | 61.21 billion | -1503.4% |
| 1996 | 193.69 billion | +216.4% |
| 1997 | 189.61 billion | -2.1% |
| 1998 | 203.23 billion | +7.2% |
| 1999 | 646.20 billion | +218.0% |
| 2000 | 1.16 trillion | +80.3% |
| 2001 | 1.33 trillion | +13.8% |
| 2002 | 1.26 trillion | -5.3% |
| 2003 | 1.36 trillion | +8.1% |
| 2004 | 2.61 trillion | +92.6% |
| 2005 | 3.87 trillion | +48.0% |
| 2006 | 6.19 trillion | +60.1% |
| 2007 | 7.33 trillion | +18.5% |
| 2008 | 8.60 trillion | +17.3% |
Nigeria compared with similar countries
- Nigeria's 8.60 trillion is above the median for lower middle income countries, which is 227.31 billion, 37.8× the median. (43 countries reporting)
- Nigeria's 8.60 trillion is above the median for Sub-Saharan Africa, which is 354.99 billion, 24.2× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Foreign Assets, Net Foreign Assets (Depository Corporations Survey) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +1503.4% | -4.36 billion | 61.21 billion |
| 1974 | +744.7% | 414.14 million | 3.50 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 251.60 million | 251.60 million | 251.60 million | 1 |
| 1960s | 146.02 million | 55.20 million | 223.60 million | 10 |
| 1970s | 1.91 billion | 153.61 million | 3.67 billion | 10 |
| 1980s | 5.09 billion | 807.63 million | 18.30 billion | 10 |
| 1990s | 140.27 billion | -4.36 billion | 646.20 billion | 10 |
| 2000s | 3.74 trillion | 1.16 trillion | 8.60 trillion | 9 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is foreign assets, net foreign assets in Nigeria?
- Foreign assets, net foreign assets in Nigeria was 8.60 trillion in 2008, according to International Monetary Fund.
- What is the highest foreign assets, net foreign assets recorded in Nigeria?
- The highest recorded value was 8.60 trillion in 2008.
- What is the lowest foreign assets, net foreign assets recorded in Nigeria?
- The lowest recorded value was -4.36 billion in 1994.
- How does Nigeria rank for foreign assets, net foreign assets?
- Nigeria ranks 15th out of 178 countries with data for 2008.
- Is foreign assets, net foreign assets rising or falling in Nigeria?
- Over the last ten years it is up 4,130.8%. 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 Foreign Assets, Net Foreign Assets (Depository Corporations Survey, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Non-standard dataset provides discontinued, vintage country-reported financial data that are not harmonized and use country-specific terms.