Nigeria: Current account, in dollars

* indicates monthly or quarterly data series

Current account balance, billion USD

 Latest value -0.81
 Year 2023
 Measure billion U.S. dollars
 Data availability 1977 - 2023
 Average 4.40
 Min - Max -15.99 - 36.53
 Source The World Bank
For that indicator, we provide data for Nigeria from 1977 to 2023. The average value for Nigeria during that period was 4.4 billion U.S. dollars with a minimum of -15.99 billion U.S. dollars in 2020 and a maximum of 36.53 billion U.S. dollars in 2005. The latest value from 2023 is -0.81 billion U.S. dollars. For comparison, the world average in 2023 based on 111 countries is 3.07 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Nigeria - Current account, in dollars - Recent values chart

Historical chart
Nigeria - Current account, in dollars - historical chart - 1977-2023

Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 127.38 2021 percent
 Trade openness 26.17 1960 percent
 Financial openness -0.666 2021 index points
 Exports, percent of GDP 9.24 1960 percent
 Exports, billion dollars 0.39 1960 billion U.S. dollars
 Imports, percent of GDP 16.92 1960 percent
 Imports, billion dollars 0.71 1960 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.04 2022 percent
 Foreign Direct Investment, billion dollars -0.19 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1,588.28 2023 million dollars (current)
 Current account, percent of GDP 0.90 2023 percent
 Current account, in dollars -0.81 2023 billion U.S. dollars
 Trade balance, percent of GDP -7.68 1960 percent
 Trade balance, in dollars -5.16 2023 billion U.S. dollars
 Reserves 35.56 2022 billion U.S. dollars
 Remittances, percent of GDP 4.26 2022 percent
 Remittances 20,127.61 2022 million U.S. dollars
 Net errors and omissions -18,016.02 2023 million USD
 External debt 21.39 2022 percent
 Short-term external debt 22.25 2022 percent
 Short-term debt to reserves 61.52 2022 percent
 Foreign exchange reserves 37.39 9/2022 billion
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