Nigeria vs Sao Tome and Principe: Current account balance
Current account balance over time
- Nigeria
- Sao Tome and Principe
How they compare
Sao Tome and Principe currently reports 5.0% against 4.8% in Nigeria, a difference of 0.2%.
The two have swapped places 3 times across 42 shared years of data; in 1977 it was Sao Tome and Principe ahead.
Nigeria ranks 41st and Sao Tome and Principe ranks 38th of 200 countries.
Across the 6 decades both report, Nigeria averaged higher in 5 and Sao Tome and Principe in 1.
Head to head by decade
| Decade | Nigeria | Sao Tome and Principe | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -3.2% | 13.3% | 16.5% | Sao Tome and Principe |
| 1980s | 0.0% | -14.7% | 14.8% | Nigeria |
| 1990s | 2.4% | -13.5% | 15.9% | Nigeria |
| 2000s | 9.0% | -35.2% | 44.2% | Nigeria |
| 2010s | 1.5% | -31.3% | 32.8% | Nigeria |
| 2020s | 1.2% | -5.5% | 6.7% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Nigeria or Sao Tome and Principe?
- Sao Tome and Principe, at 5.0% against 4.8% in Nigeria as of 2024.
- What is the difference in current account balance between Nigeria and Sao Tome and Principe?
- 0.2%, with Sao Tome and Principe ahead.
- How many years of comparable data are there for Nigeria and Sao Tome and Principe?
- 42 years are reported by both, from 1977 to 2024.
- How do Nigeria and Sao Tome and Principe rank globally for current account balance?
- Nigeria ranks 41st and Sao Tome and Principe ranks 38th of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 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.