Nigeria: Trade balance, percent of GDP

The latest value from 1960 is -7.68 percent, unavailable from percent in . In comparison, the world average is -4.08 percent, based on data from 57 countries. Historically, the average for Nigeria from 1960 to 1960 is -7.68 percent. The minimum value, -7.68 percent, was reached in 1960 while the maximum of -7.68 percent was recorded in 1960. See the global rankings or world map for that indicator or use the country comparator to compare trends over time. The value of that indicator for 1960 is -7.68 percent.

The trade balance for Nigeria and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.

Definition: The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.