Secondary income balance (credit less debit), Net (credits less) in Nigeria
Nigeria: Secondary income balance (credit less debit), Net (credits less) was 24.04 billion in 2024. ▲ Rising
Secondary income balance (credit less debit), Net (credits less) in Nigeria, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, secondary income balance (credit less debit), net (credits less) in Nigeria stood at 24.04 billion.
Compared with earlier readings it is up 8.7% on the previous year and up 9.6% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Nigeria peaked at 26.37 billion in 2019 and was at its lowest, 15.15 billion, in 2005.
Nigeria ranks 7th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 15.15 billion | — |
| 2006 | 17.80 billion | +17.5% |
| 2007 | 18.55 billion | +4.2% |
| 2008 | 20.39 billion | +9.9% |
| 2009 | 19.36 billion | -5.0% |
| 2010 | 20.70 billion | +6.9% |
| 2011 | 21.81 billion | +5.3% |
| 2012 | 21.81 billion | +0.0% |
| 2013 | 21.80 billion | -0.0% |
| 2014 | 21.93 billion | +0.6% |
| 2015 | 20.17 billion | -8.0% |
| 2016 | 19.89 billion | -1.4% |
| 2017 | 22.00 billion | +10.6% |
| 2018 | 24.13 billion | +9.7% |
| 2019 | 26.37 billion | +9.3% |
| 2020 | 21.02 billion | -20.3% |
| 2021 | 21.95 billion | +4.4% |
| 2022 | 21.85 billion | -0.5% |
| 2023 | 22.12 billion | +1.3% |
| 2024 | 24.04 billion | +8.7% |
Nigeria compared with similar countries
- Nigeria's 24.04 billion is above the median for lower middle income countries, which is 1.03 billion, 23.3× the median. (46 countries reporting)
- Nigeria's 24.04 billion is above the median for Sub-Saharan Africa, which is 679.29 million, 35.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.25 billion | 15.15 billion | 20.39 billion | 5 |
| 2010s | 22.06 billion | 19.89 billion | 26.37 billion | 10 |
| 2020s | 22.20 billion | 21.02 billion | 24.04 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 secondary income balance (credit less debit), net (credits less) in Nigeria?
- Secondary income balance (credit less debit), net (credits less) in Nigeria was 24.04 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Nigeria?
- The highest recorded value was 26.37 billion in 2019.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Nigeria?
- The lowest recorded value was 15.15 billion in 2005.
- How does Nigeria rank for secondary income balance (credit less debit), net (credits less)?
- Nigeria ranks 7th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Nigeria?
- Over the last ten years it is up 9.6%. 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 Secondary 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.