Primary income, Credit/Revenue in Nigeria
Nigeria: Primary income, Credit/Revenue 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 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% |
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
- Total reserves in months of imports, annual growth rate -1.26 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 6.98 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0966 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 118.25 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 6.08 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 132.23 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 8.47 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 141.49 SDR per person (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.