Italy vs Nigeria: Current account balance
Current account balance over time
- Italy
- Nigeria
How they compare
Italy currently reports 29.26 billion BoP, current US$ against 14.04 billion BoP, current US$ in Nigeria, a difference of 15.22 billion BoP, current US$.
That makes Italy's figure about 2.1 times Nigeria's.
The two have swapped places 10 times across 49 shared years of data; in 1977 it was Italy ahead.
Italy ranks 18th and Nigeria ranks 21st of 199 countries.
Across the 6 decades both report, Italy averaged higher in 4 and Nigeria in 2.
Head to head by decade
| Decade | Italy | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.77 billion BoP, current US$ | -1.03 billion BoP, current US$ | 5.81 billion BoP, current US$ | Italy |
| 1980s | -5.51 billion BoP, current US$ | -925.30 million BoP, current US$ | 4.59 billion BoP, current US$ | Nigeria |
| 1990s | 7.84 billion BoP, current US$ | 531.16 million BoP, current US$ | 7.30 billion BoP, current US$ | Italy |
| 2000s | -20.80 billion BoP, current US$ | 17.49 billion BoP, current US$ | 38.29 billion BoP, current US$ | Nigeria |
| 2010s | 15.95 billion BoP, current US$ | 5.79 billion BoP, current US$ | 10.16 billion BoP, current US$ | Italy |
| 2020s | 23.72 billion BoP, current US$ | 3.55 billion BoP, current US$ | 20.17 billion BoP, current US$ | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Italy or Nigeria?
- Italy, at 29.26 billion BoP, current US$ against 14.04 billion BoP, current US$ in Nigeria as of 2025.
- What is the difference in current account balance between Italy and Nigeria?
- 15.22 billion BoP, current US$, with Italy ahead.
- How many years of comparable data are there for Italy and Nigeria?
- 49 years are reported by both, from 1977 to 2025.
- How do Italy and Nigeria rank globally for current account balance?
- Italy ranks 18th and Nigeria ranks 21st of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.