Current account balance in Nigeria
Nigeria: Current account balance was 14.04 billion BoP, current US$ in 2025. ◆ Volatile
Current account balance in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Nigeria is 14.04 billion BoP, current US$, measured in 2025.
That represents a change of down 26.2% on the previous year and up 190.9% over ten years.
Over the whole period, current account balance in Nigeria peaked at 36.53 billion BoP, current US$ in 2005 and was at its lowest, -15.99 billion BoP, current US$, in 2020.
Nigeria ranks 21st of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.03 billion BoP, current US$ | -3.75 billion BoP, current US$ | 1.67 billion BoP, current US$ | 3 |
| 1980s | -925.30 million BoP, current US$ | -7.28 billion BoP, current US$ | 5.18 billion BoP, current US$ | 10 |
| 1990s | 531.16 million BoP, current US$ | -2.13 billion BoP, current US$ | 4.99 billion BoP, current US$ | 10 |
| 2000s | 17.49 billion BoP, current US$ | 1.08 billion BoP, current US$ | 36.53 billion BoP, current US$ | 10 |
| 2010s | 5.79 billion BoP, current US$ | -15.44 billion BoP, current US$ | 19.05 billion BoP, current US$ | 10 |
| 2020s | 3.55 billion BoP, current US$ | -15.99 billion BoP, current US$ | 19.03 billion BoP, current US$ | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Inflation of consumer prices 23.0% (2025)
- GDP per capita 2,369 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.3% (2025)
- Gross domestic product (GDP) 562.59 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,369 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,518 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 35.23 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 23.20 billion current US$ (2025)
- Taxes less subsidies on products 10.36 trillion current LCU (2025)
- Taxes less subsidies on products 6.82 billion current US$ (2025)
Frequently asked questions
- What is current account balance in Nigeria?
- Current account balance in Nigeria was 14.04 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Nigeria?
- The highest recorded value was 36.53 billion BoP, current US$ in 2005.
- What is the lowest current account balance recorded in Nigeria?
- The lowest recorded value was -15.99 billion BoP, current US$ in 2020.
- How does Nigeria rank for current account balance?
- Nigeria ranks 21st out of 198 countries with data for 2025.
- Is current account balance rising or falling in Nigeria?
- Over the last ten years it is up 190.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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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.