Foreign direct investment, net outflows (BoP, current US$), per in Nigeria
Nigeria: Foreign direct investment, net outflows (BoP, current US$), per was 280.91 BoP, current US$ per square kilometre in 2023. ◆ Volatile
Foreign direct investment, net outflows (BoP, current US$), per in Nigeria, 1977–2023
Source: Statizoid (derived). Measured in BoP, current US$ per square kilometre.
Analysis
In 2023, foreign direct investment, net outflows (bop, current us$), per in Nigeria stood at 280.91 BoP, current US$ per square kilometre.
Compared with earlier readings it is up 481.5% on the previous year and down 79.2% over ten years.
Over the whole period, foreign direct investment, net outflows (bop, current us$), per in Nigeria peaked at 1,996 BoP, current US$ per square kilometre in 2021 and was at its lowest, -286.3 BoP, current US$ per square kilometre, in 2004.
That places Nigeria 109th out of 188 countries with data for 2023, putting it 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 outflows (BoP, current US$), per in Nigeria, year by year
| Year | BoP, current US$ per square kilometre | Change |
|---|---|---|
| 1977 | 0 BoP, current US$ per square kilometre | — |
| 1978 | 0 BoP, current US$ per square kilometre | — |
| 1979 | 5.45 BoP, current US$ per square kilometre | — |
| 1980 | 5 BoP, current US$ per square kilometre | -8.4% |
| 1981 | 9.03 BoP, current US$ per square kilometre | +80.7% |
| 1982 | -29.65 BoP, current US$ per square kilometre | -428.3% |
| 1983 | 0.9454 BoP, current US$ per square kilometre | -103.2% |
| 1984 | 1.65 BoP, current US$ per square kilometre | +74.3% |
| 1985 | 2.03 BoP, current US$ per square kilometre | +23.1% |
| 1986 | 15.82 BoP, current US$ per square kilometre | +680.2% |
| 1987 | -8.66 BoP, current US$ per square kilometre | -154.7% |
| 1988 | 5.56 BoP, current US$ per square kilometre | -164.1% |
| 1989 | 875.9 BoP, current US$ per square kilometre | +15662.6% |
| 1990 | 455.22 BoP, current US$ per square kilometre | -48.0% |
| 1991 | 451.81 BoP, current US$ per square kilometre | -0.7% |
| 1992 | 285.58 BoP, current US$ per square kilometre | -36.8% |
| 1993 | 584.89 BoP, current US$ per square kilometre | +104.8% |
| 1994 | 360.35 BoP, current US$ per square kilometre | -38.4% |
| 1995 | 210.54 BoP, current US$ per square kilometre | -41.6% |
| 1996 | 655.69 BoP, current US$ per square kilometre | +211.4% |
| 1997 | 113.06 BoP, current US$ per square kilometre | -82.8% |
| 1998 | 174.36 BoP, current US$ per square kilometre | +54.2% |
| 1999 | 189.75 BoP, current US$ per square kilometre | +8.8% |
| 2000 | 185.49 BoP, current US$ per square kilometre | -2.2% |
| 2001 | 103.08 BoP, current US$ per square kilometre | -44.4% |
| 2002 | 189.03 BoP, current US$ per square kilometre | +83.4% |
| 2003 | 183.71 BoP, current US$ per square kilometre | -2.8% |
| 2004 | -286.3 BoP, current US$ per square kilometre | -255.8% |
| 2005 | 16.07 BoP, current US$ per square kilometre | -105.6% |
| 2006 | 350.93 BoP, current US$ per square kilometre | +2083.9% |
| 2007 | 952.69 BoP, current US$ per square kilometre | +171.5% |
| 2008 | 1,154 BoP, current US$ per square kilometre | +21.2% |
| 2009 | 1,675 BoP, current US$ per square kilometre | +45.1% |
| 2010 | 1,001 BoP, current US$ per square kilometre | -40.2% |
| 2011 | 896.78 BoP, current US$ per square kilometre | -10.4% |
| 2012 | 1,680 BoP, current US$ per square kilometre | +87.3% |
| 2013 | 1,348 BoP, current US$ per square kilometre | -19.8% |
| 2014 | 1,772 BoP, current US$ per square kilometre | +31.5% |
| 2015 | 1,576 BoP, current US$ per square kilometre | -11.1% |
| 2016 | 368.33 BoP, current US$ per square kilometre | -76.6% |
| 2017 | 341.28 BoP, current US$ per square kilometre | -7.3% |
| 2018 | 620.98 BoP, current US$ per square kilometre | +82.0% |
| 2019 | 313.27 BoP, current US$ per square kilometre | -49.6% |
| 2020 | 1,618 BoP, current US$ per square kilometre | +416.4% |
| 2021 | 1,996 BoP, current US$ per square kilometre | +23.4% |
| 2022 | -73.63 BoP, current US$ per square kilometre | -103.7% |
| 2023 | 280.91 BoP, current US$ per square kilometre | -481.5% |
Nigeria compared with similar countries
- Nigeria's 280.91 BoP, current US$ per square kilometre is above the median for lower middle income countries, which is 78.84 BoP, current US$ per square kilometre, 3.6× the median. (45 countries reporting)
- Nigeria's 280.91 BoP, current US$ per square kilometre is above the median for Sub-Saharan Africa, which is 44.38 BoP, current US$ per square kilometre, 6.3× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Foreign direct investment, net outflows (BoP, current US$), per in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +15662.6% | 5.56 BoP, current US$ per square kilometre | 875.9 BoP, current US$ per square kilometre |
| 2006 | +2083.9% | 16.07 BoP, current US$ per square kilometre | 350.93 BoP, current US$ per square kilometre |
| 1986 | +680.2% | 2.03 BoP, current US$ per square kilometre | 15.82 BoP, current US$ per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.82 BoP, current US$ per square kilometre | 0 BoP, current US$ per square kilometre | 5.45 BoP, current US$ per square kilometre | 3 |
| 1980s | 87.76 BoP, current US$ per square kilometre | -29.65 BoP, current US$ per square kilometre | 875.9 BoP, current US$ per square kilometre | 10 |
| 1990s | 348.13 BoP, current US$ per square kilometre | 113.06 BoP, current US$ per square kilometre | 655.69 BoP, current US$ per square kilometre | 10 |
| 2000s | 452.38 BoP, current US$ per square kilometre | -286.3 BoP, current US$ per square kilometre | 1,675 BoP, current US$ per square kilometre | 10 |
| 2010s | 991.77 BoP, current US$ per square kilometre | 313.27 BoP, current US$ per square kilometre | 1,772 BoP, current US$ per square kilometre | 10 |
| 2020s | 955.24 BoP, current US$ per square kilometre | -73.63 BoP, current US$ per square kilometre | 1,996 BoP, current US$ per square kilometre | 4 |
Countries ranked near Nigeria
- 106 Belarus 319.75 BoP, current US$ per square kilometre compare
- 107 Madagascar 305.81 BoP, current US$ per square kilometre compare
- 108 Tajikistan 288.47 BoP, current US$ per square kilometre compare
- 110 Bolivia, Plurinational State of 236.82 BoP, current US$ per square kilometre compare
- 111 Solomon Islands 229.46 BoP, current US$ per square kilometre compare
- 112 Ukraine 222.64 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is foreign direct investment, net outflows (bop, current us$), per in Nigeria?
- Foreign direct investment, net outflows (bop, current us$), per in Nigeria was 280.91 BoP, current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest foreign direct investment, net outflows (bop, current us$), per recorded in Nigeria?
- The highest recorded value was 1,996 BoP, current US$ per square kilometre in 2021.
- What is the lowest foreign direct investment, net outflows (bop, current us$), per recorded in Nigeria?
- The lowest recorded value was -286.3 BoP, current US$ per square kilometre in 2004.
- How does Nigeria rank for foreign direct investment, net outflows (bop, current us$), per?
- Nigeria ranks 109th out of 188 countries with data for 2023.
- Is foreign direct investment, net outflows (bop, current us$), per rising or falling in Nigeria?
- Over the last ten years it is down 79.2%. 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 outflows (BoP, current US$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Foreign direct investment, net outflows (BoP, current US$) 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 outflows (BoP, current US$) ÷ Land area (sq. km)
Computed from
- Foreign direct investment, net outflows Balance of Payments database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and D
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Foreign direct investment, net outflows (BoP, current US$) 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.