Net foreign assets (current LCU), per unit of GDP in Nigeria
Nigeria: Net foreign assets (current LCU), per unit of GDP was 5.85 current LCU per US$ of GDP in 2022. ◆ Volatile
Net foreign assets (current LCU), per unit of GDP in Nigeria, 1960–2022
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for net foreign assets (current lcu), per unit of gdp in Nigeria is 5.85 current LCU per US$ of GDP, measured in 2022.
Compared with earlier readings it is down 61.7% on the previous year and down 68.9% over ten years.
Over the whole period, net foreign assets (current lcu), per unit of gdp in Nigeria peaked at 29.21 current LCU per US$ of GDP in 2017 and was at its lowest, -0.0542 current LCU per US$ of GDP, in 1994.
That places Nigeria 80th out of 186 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net foreign assets (current LCU), per unit of GDP in Nigeria, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0527 current LCU per US$ of GDP | — |
| 1961 | 0.0501 current LCU per US$ of GDP | -5.0% |
| 1962 | 0.0415 current LCU per US$ of GDP | -17.2% |
| 1963 | 0.0297 current LCU per US$ of GDP | -28.3% |
| 1964 | 0.0238 current LCU per US$ of GDP | -19.9% |
| 1965 | 0.0272 current LCU per US$ of GDP | +14.2% |
| 1966 | 0.0216 current LCU per US$ of GDP | -20.4% |
| 1967 | 0.0106 current LCU per US$ of GDP | -50.9% |
| 1968 | 0.0153 current LCU per US$ of GDP | +44.3% |
| 1969 | 0.0142 current LCU per US$ of GDP | -7.2% |
| 1970 | 0.0122 current LCU per US$ of GDP | -13.8% |
| 1971 | 0.0305 current LCU per US$ of GDP | +149.1% |
| 1972 | 0.0199 current LCU per US$ of GDP | -34.9% |
| 1973 | 0.0273 current LCU per US$ of GDP | +37.6% |
| 1974 | 0.1408 current LCU per US$ of GDP | +415.5% |
| 1975 | 0.1319 current LCU per US$ of GDP | -6.3% |
| 1976 | 0.0917 current LCU per US$ of GDP | -30.5% |
| 1977 | 0.0802 current LCU per US$ of GDP | -12.6% |
| 1978 | 0.0389 current LCU per US$ of GDP | -51.5% |
| 1979 | 0.0683 current LCU per US$ of GDP | +75.7% |
| 1980 | 0.0873 current LCU per US$ of GDP | +27.8% |
| 1981 | 0.0155 current LCU per US$ of GDP | -82.2% |
| 1982 | 0.0074 current LCU per US$ of GDP | -52.4% |
| 1983 | 0.0083 current LCU per US$ of GDP | +12.3% |
| 1984 | 0.0194 current LCU per US$ of GDP | +132.8% |
| 1985 | 0.0246 current LCU per US$ of GDP | +27.2% |
| 1986 | 0.0814 current LCU per US$ of GDP | +230.7% |
| 1987 | 0.1303 current LCU per US$ of GDP | +60.0% |
| 1988 | 0.1606 current LCU per US$ of GDP | +23.2% |
| 1989 | 0.4158 current LCU per US$ of GDP | +158.9% |
| 1990 | 0.7646 current LCU per US$ of GDP | +83.9% |
| 1991 | 0.9081 current LCU per US$ of GDP | +18.8% |
| 1992 | 0.1762 current LCU per US$ of GDP | -80.6% |
| 1993 | 0.1513 current LCU per US$ of GDP | -14.1% |
| 1994 | -0.0542 current LCU per US$ of GDP | -135.8% |
| 1995 | 0.4344 current LCU per US$ of GDP | -900.7% |
| 1996 | 1.04 current LCU per US$ of GDP | +140.1% |
| 1997 | 0.9441 current LCU per US$ of GDP | -9.5% |
| 1998 | 0.9305 current LCU per US$ of GDP | -1.4% |
| 1999 | 10.93 current LCU per US$ of GDP | +1074.2% |
| 2000 | 16.84 current LCU per US$ of GDP | +54.1% |
| 2001 | 18.02 current LCU per US$ of GDP | +7.0% |
| 2002 | 13.21 current LCU per US$ of GDP | -26.7% |
| 2003 | 12.95 current LCU per US$ of GDP | -1.9% |
| 2004 | 19.24 current LCU per US$ of GDP | +48.6% |
| 2005 | 22 current LCU per US$ of GDP | +14.4% |
| 2006 | 25.95 current LCU per US$ of GDP | +17.9% |
| 2007 | 26.27 current LCU per US$ of GDP | +1.2% |
| 2008 | 25.32 current LCU per US$ of GDP | -3.6% |
| 2009 | 24.7 current LCU per US$ of GDP | -2.5% |
| 2010 | 16.88 current LCU per US$ of GDP | -31.7% |
| 2011 | 16.03 current LCU per US$ of GDP | -5.0% |
| 2012 | 18.78 current LCU per US$ of GDP | +17.2% |
| 2013 | 15.89 current LCU per US$ of GDP | -15.4% |
| 2014 | 11.75 current LCU per US$ of GDP | -26.1% |
| 2015 | 10.8 current LCU per US$ of GDP | -8.1% |
| 2016 | 19.4 current LCU per US$ of GDP | +79.7% |
| 2017 | 29.21 current LCU per US$ of GDP | +50.6% |
| 2018 | 28.07 current LCU per US$ of GDP | -3.9% |
| 2019 | 8.9 current LCU per US$ of GDP | -68.3% |
| 2020 | 14.97 current LCU per US$ of GDP | +68.2% |
| 2021 | 15.28 current LCU per US$ of GDP | +2.1% |
| 2022 | 5.85 current LCU per US$ of GDP | -61.7% |
Nigeria compared with similar countries
- Nigeria's 5.85 current LCU per US$ of GDP is below the median for lower middle income countries, which is 9.41 current LCU per US$ of GDP, 62% of the median. (46 countries reporting)
- Nigeria's 5.85 current LCU per US$ of GDP is below the median for Sub-Saharan Africa, which is 12.33 current LCU per US$ of GDP, 47% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net foreign assets (current LCU), per unit of GDP 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 | +1074.2% | 0.9305 current LCU per US$ of GDP | 10.93 current LCU per US$ of GDP |
| 1995 | +900.7% | -0.0542 current LCU per US$ of GDP | 0.4344 current LCU per US$ of GDP |
| 1974 | +415.5% | 0.0273 current LCU per US$ of GDP | 0.1408 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0287 current LCU per US$ of GDP | 0.0106 current LCU per US$ of GDP | 0.0527 current LCU per US$ of GDP | 10 |
| 1970s | 0.0642 current LCU per US$ of GDP | 0.0122 current LCU per US$ of GDP | 0.1408 current LCU per US$ of GDP | 10 |
| 1980s | 0.0951 current LCU per US$ of GDP | 0.0074 current LCU per US$ of GDP | 0.4158 current LCU per US$ of GDP | 10 |
| 1990s | 1.62 current LCU per US$ of GDP | -0.0542 current LCU per US$ of GDP | 10.93 current LCU per US$ of GDP | 10 |
| 2000s | 20.45 current LCU per US$ of GDP | 12.95 current LCU per US$ of GDP | 26.27 current LCU per US$ of GDP | 10 |
| 2010s | 17.57 current LCU per US$ of GDP | 8.9 current LCU per US$ of GDP | 29.21 current LCU per US$ of GDP | 10 |
| 2020s | 12.03 current LCU per US$ of GDP | 5.85 current LCU per US$ of GDP | 15.28 current LCU per US$ of GDP | 3 |
Countries ranked near Nigeria
- 77 Central African Republic 6.37 current LCU per US$ of GDP compare
- 78 Dominican Republic 6.23 current LCU per US$ of GDP compare
- 79 Moldova 5.89 current LCU per US$ of GDP compare
- 81 Bangladesh 5.22 current LCU per US$ of GDP compare
- 82 Namibia 4.93 current LCU per US$ of GDP compare
- 83 Honduras 4.6 current LCU per US$ of GDP 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), per unit of gdp in Nigeria?
- Net foreign assets (current lcu), per unit of gdp in Nigeria was 5.85 current LCU per US$ of GDP in 2022, according to Statizoid (derived).
- What is the highest net foreign assets (current lcu), per unit of gdp recorded in Nigeria?
- The highest recorded value was 29.21 current LCU per US$ of GDP in 2017.
- What is the lowest net foreign assets (current lcu), per unit of gdp recorded in Nigeria?
- The lowest recorded value was -0.0542 current LCU per US$ of GDP in 1994.
- How does Nigeria rank for net foreign assets (current lcu), per unit of gdp?
- Nigeria ranks 80th out of 186 countries with data for 2022.
- Is net foreign assets (current lcu), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is down 68.9%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Net foreign assets (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Net foreign assets (current LCU) ÷ GDP (current US$)
Computed from
- Net foreign assets International Financial Statistics database, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Net foreign assets (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.