Net foreign assets in Nigeria
Nigeria: Net foreign assets was 41.98 billion current US$ in 2011. ◆ Volatile
Net foreign assets in Nigeria, 1960–2011
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current US$.
Analysis
In 2011, net foreign assets in Nigeria stood at 41.98 billion current US$.
That represents a change of up 1.5% on the previous year and up 257.8% over ten years.
Over the whole period, net foreign assets in Nigeria peaked at 64.86 billion current US$ in 2008 and was at its lowest, -198.28 million current US$, in 1994.
Nigeria ranks 3rd of 51 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 204.43 million current US$ | 77.28 million current US$ | 313.04 million current US$ | 10 |
| 1970s | 3.08 billion current US$ | 215.06 million current US$ | 5.85 billion current US$ | 10 |
| 1980s | 2.74 billion current US$ | 1.08 billion current US$ | 10.30 billion current US$ | 10 |
| 1990s | 4.69 billion current US$ | -198.28 million current US$ | 9.29 billion current US$ | 10 |
| 2000s | 31.59 billion current US$ | 9.93 billion current US$ | 64.86 billion current US$ | 10 |
| 2010s | 41.68 billion current US$ | 41.38 billion current US$ | 41.98 billion current US$ | 2 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Domestic credit to private sector by banks 13.1% (2023)
- Total reserves in months of imports 7.12 (2025)
- Net domestic credit 66.12 trillion current LCU (2022)
- Net foreign assets 3.79 trillion current LCU (2022)
- Monetary Sector credit to private sector 9.6% (2022)
- Broad money 25.1% (2023)
- Claims on central government, etc. 8.6% (2022)
- Domestic credit to private sector 9.6% (2022)
- Official exchange rate 1,518 LCU per US$, period average (2025)
- Net migration -15,258 (2025)
Frequently asked questions
- What is net foreign assets in Nigeria?
- Net foreign assets in Nigeria was 41.98 billion current US$ in 2011, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest net foreign assets recorded in Nigeria?
- The highest recorded value was 64.86 billion current US$ in 2008.
- What is the lowest net foreign assets recorded in Nigeria?
- The lowest recorded value was -198.28 million current US$ in 1994.
- How does Nigeria rank for net foreign assets?
- Nigeria ranks 3rd out of 51 countries with data for 2011.
- Is net foreign assets rising or falling in Nigeria?
- Over the last ten years it is up 257.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, International Financial Statistics and data files, published as part of Net foreign assets (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. Data are in current U.S. dollars.