Foreign direct investment, net inflows (BoP, current US$), per square in Nigeria
Nigeria: Foreign direct investment, net inflows (BoP, current US$), per square was 2,056 BoP, current US$ per square kilometre in 2023. ◆ Volatile
Latest (2023)
2,056 BoP, current US$ per square kilometre
Change on year
up 1,102.5%
World rank
137th
of 200 countries
All-time high
9,707 BoP, current US$ per square kilometre
in 2011
All-time low
-811.26 BoP, current US$ per square kilometre
in 1980
Years of data
54
1970–2023
Foreign direct investment, net inflows (BoP, current US$), per square in Nigeria, 1970–2023
Source: Statizoid (derived). Measured in BoP, current US$ per square kilometre.
Analysis
In 2023, foreign direct investment, net inflows (bop, current us$), per square in Nigeria stood at 2,056 BoP, current US$ per square kilometre.
Compared with earlier readings it is up 1,102.5% on the previous year and down 66.3% over ten years.
Over the whole period, foreign direct investment, net inflows (bop, current us$), per square in Nigeria peaked at 9,707 BoP, current US$ per square kilometre in 2011 and was at its lowest, -811.26 BoP, current US$ per square kilometre, in 1980.
Nigeria ranks 137th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment, net inflows (BoP, current US$), per square in Nigeria, year by year
| Year | BoP, current US$ per square kilometre | Change |
|---|---|---|
| 1970 | 225.08 BoP, current US$ per square kilometre | — |
| 1971 | 314.02 BoP, current US$ per square kilometre | +39.5% |
| 1972 | 334.88 BoP, current US$ per square kilometre | +6.6% |
| 1973 | 409.54 BoP, current US$ per square kilometre | +22.3% |
| 1974 | 282.18 BoP, current US$ per square kilometre | -31.1% |
| 1975 | 516.18 BoP, current US$ per square kilometre | +82.9% |
| 1976 | 372.21 BoP, current US$ per square kilometre | -27.9% |
| 1977 | 483.67 BoP, current US$ per square kilometre | +29.9% |
| 1978 | 231.6 BoP, current US$ per square kilometre | -52.1% |
| 1979 | 339.93 BoP, current US$ per square kilometre | +46.8% |
| 1980 | -811.26 BoP, current US$ per square kilometre | -338.7% |
| 1981 | 595.46 BoP, current US$ per square kilometre | -173.4% |
| 1982 | 472.8 BoP, current US$ per square kilometre | -20.6% |
| 1983 | 400.14 BoP, current US$ per square kilometre | -15.4% |
| 1984 | 207.7 BoP, current US$ per square kilometre | -48.1% |
| 1985 | 533.15 BoP, current US$ per square kilometre | +156.7% |
| 1986 | 212.15 BoP, current US$ per square kilometre | -60.2% |
| 1987 | 670.37 BoP, current US$ per square kilometre | +216.0% |
| 1988 | 415.77 BoP, current US$ per square kilometre | -38.0% |
| 1989 | 2,069 BoP, current US$ per square kilometre | +397.6% |
| 1990 | 645.48 BoP, current US$ per square kilometre | -68.8% |
| 1991 | 782.17 BoP, current US$ per square kilometre | +21.2% |
| 1992 | 984.49 BoP, current US$ per square kilometre | +25.9% |
| 1993 | 1,477 BoP, current US$ per square kilometre | +50.0% |
| 1994 | 2,151 BoP, current US$ per square kilometre | +45.6% |
| 1995 | 368.75 BoP, current US$ per square kilometre | -82.9% |
| 1996 | 548.19 BoP, current US$ per square kilometre | +48.7% |
| 1997 | 515.58 BoP, current US$ per square kilometre | -5.9% |
| 1998 | 328.92 BoP, current US$ per square kilometre | -36.2% |
| 1999 | 1,103 BoP, current US$ per square kilometre | +235.5% |
| 2000 | 1,252 BoP, current US$ per square kilometre | +13.5% |
| 2001 | 1,307 BoP, current US$ per square kilometre | +4.4% |
| 2002 | 2,058 BoP, current US$ per square kilometre | +57.4% |
| 2003 | 2,202 BoP, current US$ per square kilometre | +7.0% |
| 2004 | 2,058 BoP, current US$ per square kilometre | -6.5% |
| 2005 | 5,471 BoP, current US$ per square kilometre | +165.9% |
| 2006 | 5,330 BoP, current US$ per square kilometre | -2.6% |
| 2007 | 6,627 BoP, current US$ per square kilometre | +24.3% |
| 2008 | 8,997 BoP, current US$ per square kilometre | +35.8% |
| 2009 | 9,394 BoP, current US$ per square kilometre | +4.4% |
| 2010 | 6,617 BoP, current US$ per square kilometre | -29.6% |
| 2011 | 9,707 BoP, current US$ per square kilometre | +46.7% |
| 2012 | 7,763 BoP, current US$ per square kilometre | -20.0% |
| 2013 | 6,108 BoP, current US$ per square kilometre | -21.3% |
| 2014 | 5,154 BoP, current US$ per square kilometre | -15.6% |
| 2015 | 3,364 BoP, current US$ per square kilometre | -34.7% |
| 2016 | 3,792 BoP, current US$ per square kilometre | +12.7% |
| 2017 | 2,649 BoP, current US$ per square kilometre | -30.1% |
| 2018 | 851.2 BoP, current US$ per square kilometre | -67.9% |
| 2019 | 2,531 BoP, current US$ per square kilometre | +197.3% |
| 2020 | 2,619 BoP, current US$ per square kilometre | +3.5% |
| 2021 | 3,638 BoP, current US$ per square kilometre | +38.9% |
| 2022 | -205.09 BoP, current US$ per square kilometre | -105.6% |
| 2023 | 2,056 BoP, current US$ per square kilometre | -1102.5% |
Nigeria compared with similar countries
- Nigeria's 2,056 BoP, current US$ per square kilometre is below the median for lower middle income countries, which is 2,375 BoP, current US$ per square kilometre, 87% of the median. (47 countries reporting)
- Nigeria's 2,056 BoP, current US$ per square kilometre is above the median for Sub-Saharan Africa, which is 1,786 BoP, current US$ per square kilometre, 1.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Foreign direct investment, net inflows (BoP, current US$), per square in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +1102.5% | -205.09 BoP, current US$ per square kilometre | 2,056 BoP, current US$ per square kilometre |
| 1989 | +397.6% | 415.77 BoP, current US$ per square kilometre | 2,069 BoP, current US$ per square kilometre |
| 1980 | -338.7% | 339.93 BoP, current US$ per square kilometre | -811.26 BoP, current US$ per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 350.93 BoP, current US$ per square kilometre | 225.08 BoP, current US$ per square kilometre | 516.18 BoP, current US$ per square kilometre | 10 |
| 1980s | 476.51 BoP, current US$ per square kilometre | -811.26 BoP, current US$ per square kilometre | 2,069 BoP, current US$ per square kilometre | 10 |
| 1990s | 890.53 BoP, current US$ per square kilometre | 328.92 BoP, current US$ per square kilometre | 2,151 BoP, current US$ per square kilometre | 10 |
| 2000s | 4,470 BoP, current US$ per square kilometre | 1,252 BoP, current US$ per square kilometre | 9,394 BoP, current US$ per square kilometre | 10 |
| 2010s | 4,854 BoP, current US$ per square kilometre | 851.2 BoP, current US$ per square kilometre | 9,707 BoP, current US$ per square kilometre | 10 |
| 2020s | 2,027 BoP, current US$ per square kilometre | -205.09 BoP, current US$ per square kilometre | 3,638 BoP, current US$ per square kilometre | 4 |
Countries ranked near Nigeria
- 134 Myanmar 2,329 BoP, current US$ per square kilometre compare
- 135 Malawi 2,269 BoP, current US$ per square kilometre compare
- 136 Kazakhstan 2,120 BoP, current US$ per square kilometre compare
- 138 Sierra Leone 2,021 BoP, current US$ per square kilometre compare
- 139 Ecuador 1,936 BoP, current US$ per square kilometre compare
- 140 Tanzania, United Republic of 1,861 BoP, current US$ per square kilometre compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is foreign direct investment, net inflows (bop, current us$), per square in Nigeria?
- Foreign direct investment, net inflows (bop, current us$), per square in Nigeria was 2,056 BoP, current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest foreign direct investment, net inflows (bop, current us$), per square recorded in Nigeria?
- The highest recorded value was 9,707 BoP, current US$ per square kilometre in 2011.
- What is the lowest foreign direct investment, net inflows (bop, current us$), per square recorded in Nigeria?
- The lowest recorded value was -811.26 BoP, current US$ per square kilometre in 1980.
- How does Nigeria rank for foreign direct investment, net inflows (bop, current us$), per square?
- Nigeria ranks 137th out of 200 countries with data for 2023.
- Is foreign direct investment, net inflows (bop, current us$), per square rising or falling in Nigeria?
- Over the last ten years it is down 66.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Foreign direct investment, net inflows (BoP, current US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Foreign direct investment, net inflows (BoP, current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Foreign direct investment, net inflows (BoP, current US$) ÷ Land area (sq. km)
Computed from
- Foreign direct investment, net inflows Balance of Payments database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and D
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Foreign direct investment, net inflows (BoP, current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.