Net foreign assets, flow in Nigeria
Nigeria: Net foreign assets, flow was 409.78 billion current LCU in 2011. ◆ Volatile
Latest (2011)
409.78 billion current LCU
Change on year
up 138.9%
World rank
7th
of 52 countries
All-time high
2.32 trillion current LCU
in 2006
All-time low
-1.31 trillion current LCU
in 2009
Years of data
51
1961–2011
Net foreign assets, flow in Nigeria, 1961–2011
Source: International Monetary Fund, International Financial Statistics and data files. Measured in current LCU.
Analysis
The most recent figure for net foreign assets, flow in Nigeria is 409.78 billion current LCU, measured in 2011.
The figure is up 138.9% on the previous year and up 155.5% over ten years.
Over the whole period, net foreign assets, flow in Nigeria peaked at 2.32 trillion current LCU in 2006 and was at its lowest, -1.31 trillion current LCU, in 2009.
Nigeria ranks 7th of 52 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net foreign assets, flow in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1961 | 2.60 million current LCU | — |
| 1962 | -20.10 million current LCU | -873.1% |
| 1963 | -49.93 million current LCU | +148.4% |
| 1964 | -21.40 million current LCU | -57.1% |
| 1965 | 27.50 million current LCU | -228.5% |
| 1966 | -21.97 million current LCU | -179.9% |
| 1967 | -82.50 million current LCU | +275.5% |
| 1968 | 24.41 million current LCU | -129.6% |
| 1969 | 14.61 million current LCU | -40.2% |
| 1970 | 59.40 million current LCU | +306.7% |
| 1971 | 126.41 million current LCU | +112.8% |
| 1972 | -36.37 million current LCU | -128.8% |
| 1973 | 170.48 million current LCU | -568.7% |
| 1974 | 3.08 billion current LCU | +1709.0% |
| 1975 | 167.09 million current LCU | -94.6% |
| 1976 | -335.85 million current LCU | -301.0% |
| 1977 | -440.15 million current LCU | +31.1% |
| 1978 | -1.47 billion current LCU | +233.8% |
| 1979 | 1.81 billion current LCU | -223.1% |
| 1980 | 2.38 billion current LCU | +31.5% |
| 1981 | -3.05 billion current LCU | -228.3% |
| 1982 | -1.50 billion current LCU | -50.9% |
| 1983 | -249.62 million current LCU | -83.3% |
| 1984 | 615.30 million current LCU | -346.5% |
| 1985 | 392.98 million current LCU | -36.1% |
| 1986 | 2.65 billion current LCU | +573.7% |
| 1987 | 2.40 billion current LCU | -9.3% |
| 1988 | 1.11 billion current LCU | -53.8% |
| 1989 | 10.32 billion current LCU | +830.5% |
| 1990 | 23.02 billion current LCU | +123.0% |
| 1991 | 12.74 billion current LCU | -44.7% |
| 1992 | -44.88 billion current LCU | -452.3% |
| 1993 | -587.78 million current LCU | -98.7% |
| 1994 | -12.95 billion current LCU | +2102.5% |
| 1995 | 65.57 billion current LCU | -606.5% |
| 1996 | 132.48 billion current LCU | +102.0% |
| 1997 | -4.07 billion current LCU | -103.1% |
| 1998 | 13.61 billion current LCU | -434.1% |
| 1999 | 442.98 billion current LCU | +3154.0% |
| 2000 | 518.73 billion current LCU | +17.1% |
| 2001 | 160.41 billion current LCU | -69.1% |
| 2002 | -70.13 billion current LCU | -143.7% |
| 2003 | 101.15 billion current LCU | -244.2% |
| 2004 | 1.26 trillion current LCU | +1141.7% |
| 2005 | 1.25 trillion current LCU | -0.2% |
| 2006 | 2.32 trillion current LCU | +85.4% |
| 2007 | 1.14 trillion current LCU | -50.8% |
| 2008 | 1.27 trillion current LCU | +10.6% |
| 2009 | -1.31 trillion current LCU | -203.5% |
| 2010 | -1.05 trillion current LCU | -19.5% |
| 2011 | 409.78 billion current LCU | -138.9% |
Nigeria compared with similar countries
- Nigeria's 409.78 billion current LCU is above the median for lower middle income countries, which is 2.50 billion current LCU, 163.8× the median. (24 countries reporting)
- Nigeria's 409.78 billion current LCU is above the median for Sub-Saharan Africa, which is 3.14 billion current LCU, 130.4× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Net foreign assets, flow 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 | +3154.0% | 13.61 billion current LCU | 442.98 billion current LCU |
| 1994 | -2102.5% | -587.78 million current LCU | -12.95 billion current LCU |
| 1974 | +1709.0% | 170.48 million current LCU | 3.08 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -14.09 million current LCU | -82.50 million current LCU | 27.50 million current LCU | 9 |
| 1970s | 313.41 million current LCU | -1.47 billion current LCU | 3.08 billion current LCU | 10 |
| 1980s | 1.51 billion current LCU | -3.05 billion current LCU | 10.32 billion current LCU | 10 |
| 1990s | 62.79 billion current LCU | -44.88 billion current LCU | 442.98 billion current LCU | 10 |
| 2000s | 664.17 billion current LCU | -1.31 trillion current LCU | 2.32 trillion current LCU | 10 |
| 2010s | -322.11 billion current LCU | -1.05 trillion current LCU | 409.78 billion current LCU | 2 |
Countries ranked near Nigeria
- 4 Angola 1.25 trillion current LCU compare
- 5 Congo 733.38 billion current LCU compare
- 6 Equatorial Guinea 432.52 billion current LCU compare
- 8 Cote d'Ivoire 389.00 billion current LCU compare
- 9 Sierra Leone 381.52 billion current LCU compare
- 10 Madagascar 318.01 billion current LCU 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, flow in Nigeria?
- Net foreign assets, flow in Nigeria was 409.78 billion current LCU in 2011, according to International Monetary Fund, International Financial Statistics and data files.
- What is the highest net foreign assets, flow recorded in Nigeria?
- The highest recorded value was 2.32 trillion current LCU in 2006.
- What is the lowest net foreign assets, flow recorded in Nigeria?
- The lowest recorded value was -1.31 trillion current LCU in 2009.
- How does Nigeria rank for net foreign assets, flow?
- Nigeria ranks 7th out of 52 countries with data for 2011.
- Is net foreign assets, flow rising or falling in Nigeria?
- Over the last ten years it is up 155.5%. 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, flow (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 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 local currency.