Primary income balance (credit less debit), Net (credits less debits) in Nigeria
Nigeria: Primary income balance (credit less debit), Net (credits less debits) was -6.63 billion in 2024. ◆ Volatile
Primary income balance (credit less debit), Net (credits less debits) in Nigeria, 2005–2024
Source: International Monetary Fund.
Analysis
Nigeria recorded -6.63 billion for primary income balance (credit less debit), net (credits less debits) in 2024.
Compared with earlier readings it is up 37.1% on the previous year and up 65.4% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in Nigeria peaked at -2.99 billion in 2005 and was at its lowest, -25.52 billion, in 2013.
That places Nigeria 161st out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income balance (credit less debit), Net (credits less debits) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -2.99 billion | — |
| 2006 | -4.60 billion | +53.9% |
| 2007 | -11.75 billion | +155.3% |
| 2008 | -15.05 billion | +28.1% |
| 2009 | -14.41 billion | -4.3% |
| 2010 | -19.44 billion | +34.9% |
| 2011 | -22.78 billion | +17.2% |
| 2012 | -22.09 billion | -3.1% |
| 2013 | -25.52 billion | +15.6% |
| 2014 | -19.16 billion | -24.9% |
| 2015 | -12.71 billion | -33.7% |
| 2016 | -6.26 billion | -50.7% |
| 2017 | -8.35 billion | +33.3% |
| 2018 | -11.25 billion | +34.8% |
| 2019 | -9.16 billion | -18.6% |
| 2020 | -4.77 billion | -48.0% |
| 2021 | -8.58 billion | +80.1% |
| 2022 | -12.87 billion | +50.0% |
| 2023 | -10.54 billion | -18.1% |
| 2024 | -6.63 billion | -37.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.76 billion | -15.05 billion | -2.99 billion | 5 |
| 2010s | -15.67 billion | -25.52 billion | -6.26 billion | 10 |
| 2020s | -8.68 billion | -12.87 billion | -4.77 billion | 5 |
Countries ranked near Nigeria
- 158 Bulgaria -5.70 billion compare
- 159 Oman -6.17 billion compare
- 160 Greece -6.54 billion compare
- 162 Dominican Republic -6.72 billion compare
- 163 New Zealand -6.75 billion compare
- 164 Venezuela, Bolivarian Republic of -6.92 billion compare
More financial sector data for Nigeria
- Net domestic credit (current LCU), per capita 296,323 current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 102.21 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 35.83 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 24.13 million SDR (2025)
- Gold reserves at market value 2.20 billion SDR (2025)
- Reserves excluding gold, foreign exchange 28.09 billion SDR (2025)
- Reserves excluding gold 31.41 billion SDR (2025)
- Total reserves (gold at market value) 33.61 billion SDR (2025)
- Total reserves (gold at national valuation) 33.58 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 141.38 SDR per person (2025)
Frequently asked questions
- What is primary income balance (credit less debit), net (credits less debits) in Nigeria?
- Primary income balance (credit less debit), net (credits less debits) in Nigeria was -6.63 billion in 2024, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Nigeria?
- The highest recorded value was -2.99 billion in 2005.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Nigeria?
- The lowest recorded value was -25.52 billion in 2013.
- How does Nigeria rank for primary income balance (credit less debit), net (credits less debits)?
- Nigeria ranks 161st out of 197 countries with data for 2024.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Nigeria?
- Over the last ten years it is up 65.4%. 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 Primary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.