Primary income, Credit/Revenue (US dollar) in Nigeria
Nigeria: Primary income, Credit/Revenue (US dollar) was 3.88 billion in 2024. ▲ Rising
Primary income, Credit/Revenue in Nigeria, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, primary income, credit/revenue in Nigeria stood at 3.88 billion. That is the highest value across all 20 years on record.
That represents a change of up 58.7% on the previous year and up 137.4% over ten years.
Over the whole period, primary income, credit/revenue in Nigeria peaked at 3.88 billion in 2024 and was at its lowest, 155.13 million, in 2005.
That places Nigeria 66th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Primary income, Credit/Revenue (US dollar) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 155.13 million | — |
| 2006 | 1.88 billion | +1108.8% |
| 2007 | 2.56 billion | +36.7% |
| 2008 | 2.35 billion | -8.3% |
| 2009 | 935.41 million | -60.2% |
| 2010 | 997.75 million | +6.7% |
| 2011 | 897.53 million | -10.0% |
| 2012 | 956.53 million | +6.6% |
| 2013 | 880.84 million | -7.9% |
| 2014 | 1.63 billion | +85.4% |
| 2015 | 930.77 million | -43.0% |
| 2016 | 1.25 billion | +33.8% |
| 2017 | 1.49 billion | +19.4% |
| 2018 | 2.05 billion | +38.0% |
| 2019 | 2.32 billion | +13.1% |
| 2020 | 1.70 billion | -26.6% |
| 2021 | 1.90 billion | +11.7% |
| 2022 | 1.67 billion | -12.2% |
| 2023 | 2.44 billion | +46.3% |
| 2024 | 3.88 billion | +58.7% |
Nigeria compared with similar countries
- Nigeria's 3.88 billion is above the median for lower middle income countries, which is 360.66 million, 10.7× the median. (46 countries reporting)
- Nigeria's 3.88 billion is above the median for Sub-Saharan Africa, which is 171.59 million, 22.6× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Primary income, Credit/Revenue (US dollar) 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 |
|---|---|---|---|
| 2006 | +1108.8% | 155.13 million | 1.88 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.58 billion | 155.13 million | 2.56 billion | 5 |
| 2010s | 1.34 billion | 880.84 million | 2.32 billion | 10 |
| 2020s | 2.32 billion | 1.67 billion | 3.88 billion | 5 |
Countries ranked near Nigeria
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 primary income, credit/revenue in Nigeria?
- Primary income, credit/revenue in Nigeria was 3.88 billion in 2024, according to International Monetary Fund.
- What is the highest primary income, credit/revenue recorded in Nigeria?
- The highest recorded value was 3.88 billion in 2024.
- What is the lowest primary income, credit/revenue recorded in Nigeria?
- The lowest recorded value was 155.13 million in 2005.
- How does Nigeria rank for primary income, credit/revenue?
- Nigeria ranks 66th out of 198 countries with data for 2024.
- Is primary income, credit/revenue rising or falling in Nigeria?
- Over the last ten years it is up 137.4%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Primary income, Credit/Revenue (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.