Net foreign assets (current LCU), annual growth rate in Nigeria
Nigeria: Net foreign assets (current LCU), annual growth rate was -59.35 % change on previous year in 2022. ◆ Volatile
Latest (2022)
-59.35 % change on previous year
Change on year
down 1,611.1%
World rank
183rd
of 186 countries
All-time high
744.69 % change on previous year
in 1974
All-time low
-150.81 % change on previous year
in 1994
Years of data
61
1961–2022
Net foreign assets (current LCU), annual growth rate in Nigeria, 1961–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded -59.35 % change on previous year for net foreign assets (current lcu), annual growth rate in 2022.
The figure is down 1,611.1% on the previous year and down 290.3% over ten years.
Over the whole period, net foreign assets (current lcu), annual growth rate in Nigeria peaked at 744.69 % change on previous year in 1974 and was at its lowest, -150.81 % change on previous year, in 1994.
Nigeria ranks 183rd of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net foreign assets (current LCU), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 1.18 % change on previous year | — |
| 1962 | -8.99 % change on previous year | -864.1% |
| 1963 | -24.54 % change on previous year | +172.9% |
| 1964 | -13.93 % change on previous year | -43.2% |
| 1965 | 20.81 % change on previous year | -249.3% |
| 1966 | -13.76 % change on previous year | -166.1% |
| 1967 | -59.91 % change on previous year | +335.4% |
| 1968 | 44.22 % change on previous year | -173.8% |
| 1969 | 18.35 % change on previous year | -58.5% |
| 1970 | 63.05 % change on previous year | +243.6% |
| 1971 | 82.29 % change on previous year | +30.5% |
| 1972 | -12.99 % change on previous year | -115.8% |
| 1973 | 69.97 % change on previous year | -638.7% |
| 1974 | 744.69 % change on previous year | +964.3% |
| 1975 | 4.78 % change on previous year | -99.4% |
| 1976 | -9.16 % change on previous year | -291.8% |
| 1977 | -13.22 % change on previous year | +44.3% |
| 1978 | -50.85 % change on previous year | +284.6% |
| 1979 | 127.33 % change on previous year | -350.4% |
| 1980 | 73.68 % change on previous year | -42.1% |
| 1981 | -54.41 % change on previous year | -173.8% |
| 1982 | -58.64 % change on previous year | +7.8% |
| 1983 | -23.61 % change on previous year | -59.7% |
| 1984 | 76.19 % change on previous year | -422.7% |
| 1985 | 27.62 % change on previous year | -63.7% |
| 1986 | 145.79 % change on previous year | +427.9% |
| 1987 | 53.8 % change on previous year | -63.1% |
| 1988 | 16.16 % change on previous year | -70.0% |
| 1989 | 129.44 % change on previous year | +701.0% |
| 1990 | 125.82 % change on previous year | -2.8% |
| 1991 | 30.83 % change on previous year | -75.5% |
| 1992 | -83.03 % change on previous year | -369.3% |
| 1993 | -6.41 % change on previous year | -92.3% |
| 1994 | -150.81 % change on previous year | +2253.3% |
| 1996 | 216.43 % change on previous year | -243.5% |
| 1997 | -2.1 % change on previous year | -101.0% |
| 1998 | 7.18 % change on previous year | -441.3% |
| 1999 | 217.97 % change on previous year | +2936.1% |
| 2000 | 80.27 % change on previous year | -63.2% |
| 2001 | 13.77 % change on previous year | -82.8% |
| 2002 | -5.29 % change on previous year | -138.4% |
| 2003 | 8.06 % change on previous year | -252.3% |
| 2004 | 92.6 % change on previous year | +1049.1% |
| 2005 | 47.96 % change on previous year | -48.2% |
| 2006 | 60.1 % change on previous year | +25.3% |
| 2007 | 18.13 % change on previous year | -69.8% |
| 2008 | 17.6 % change on previous year | -2.9% |
| 2009 | -15.23 % change on previous year | -186.5% |
| 2010 | -14.99 % change on previous year | -1.5% |
| 2011 | 7.24 % change on previous year | -148.3% |
| 2012 | 31.19 % change on previous year | +330.7% |
| 2013 | -5.2 % change on previous year | -116.7% |
| 2014 | -18.37 % change on previous year | +253.1% |
| 2015 | -21.05 % change on previous year | +14.6% |
| 2016 | 47.47 % change on previous year | -325.5% |
| 2017 | 39.8 % change on previous year | -16.2% |
| 2018 | 7.85 % change on previous year | -80.3% |
| 2019 | -49.79 % change on previous year | -734.7% |
| 2020 | 50.72 % change on previous year | -201.9% |
| 2021 | 3.93 % change on previous year | -92.3% |
| 2022 | -59.35 % change on previous year | -1611.1% |
Nigeria compared with similar countries
- Nigeria's -59.35 % change on previous year is below the median for lower middle income countries, which is 15.9 % change on previous year. (46 countries reporting)
- Nigeria's -59.35 % change on previous year is below the median for Sub-Saharan Africa, which is 12.73 % change on previous year. (48 countries reporting)
Biggest year-on-year movements
Years where Net foreign assets (current LCU), annual growth rate 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 |
|---|---|---|---|
| 1999 | +2936.1% | 7.18 % change on previous year | 217.97 % change on previous year |
| 1994 | -2253.3% | -6.41 % change on previous year | -150.81 % change on previous year |
| 2022 | -1611.1% | 3.93 % change on previous year | -59.35 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -4.06 % change on previous year | -59.91 % change on previous year | 44.22 % change on previous year | 9 |
| 1970s | 100.59 % change on previous year | -50.85 % change on previous year | 744.69 % change on previous year | 10 |
| 1980s | 38.6 % change on previous year | -58.64 % change on previous year | 145.79 % change on previous year | 10 |
| 1990s | 39.54 % change on previous year | -150.81 % change on previous year | 217.97 % change on previous year | 9 |
| 2000s | 31.8 % change on previous year | -15.23 % change on previous year | 92.6 % change on previous year | 10 |
| 2010s | 2.41 % change on previous year | -49.79 % change on previous year | 47.47 % change on previous year | 10 |
| 2020s | -1.57 % change on previous year | -59.35 % change on previous year | 50.72 % change on previous year | 3 |
Countries ranked near Nigeria
- 180 Bahrain -42.67 % change on previous year compare
- 181 Sudan -44.94 % change on previous year compare
- 182 Sierra Leone -56.95 % change on previous year compare
- 184 Central African Republic -79.02 % change on previous year compare
- 185 Vietnam -100.02 % change on previous year compare
- 186 Chad -138.12 % change on previous year compare
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 net foreign assets (current lcu), annual growth rate in Nigeria?
- Net foreign assets (current lcu), annual growth rate in Nigeria was -59.35 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest net foreign assets (current lcu), annual growth rate recorded in Nigeria?
- The highest recorded value was 744.69 % change on previous year in 1974.
- What is the lowest net foreign assets (current lcu), annual growth rate recorded in Nigeria?
- The lowest recorded value was -150.81 % change on previous year in 1994.
- How does Nigeria rank for net foreign assets (current lcu), annual growth rate?
- Nigeria ranks 183rd out of 186 countries with data for 2022.
- Is net foreign assets (current lcu), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is down 290.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Net foreign assets (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 61 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net foreign assets (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net foreign assets International Financial Statistics database, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net foreign assets (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.