Merchandise trade to GDP ratio in Nigeria
Nigeria: Merchandise trade to GDP ratio was 75.2% in 2011. ▲ Rising
Latest (2011)
75.2%
Change on year
up 15.6%
World rank
28th
of 53 countries
All-time high
97.3%
in 1993
All-time low
19.6%
in 1970
Years of data
52
1960–2011
Merchandise trade to GDP ratio in Nigeria, 1960–2011
Source: World Bank country economists. Measured in %.
Analysis
Nigeria recorded 75.2% for merchandise trade to gdp ratio in 2011.
The figure is up 15.6% on the previous year and down 0.1% over ten years.
Over the whole period, merchandise trade to gdp ratio in Nigeria peaked at 97.3% in 1993 and was at its lowest, 19.6%, in 1970.
Nigeria ranks 28th of 53 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Merchandise trade to GDP ratio in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 26.2% | — |
| 1961 | 25.5% | -2.6% |
| 1962 | 21.8% | -14.3% |
| 1963 | 22.3% | +2.2% |
| 1964 | 24.6% | +10.3% |
| 1965 | 26.9% | +9.3% |
| 1966 | 25.0% | -7.0% |
| 1967 | 28.5% | +13.8% |
| 1968 | 25.7% | -9.9% |
| 1969 | 26.8% | +4.5% |
| 1970 | 19.6% | -26.8% |
| 1971 | 24.5% | +24.7% |
| 1972 | 22.8% | -6.9% |
| 1973 | 31.3% | +37.4% |
| 1974 | 39.7% | +27.1% |
| 1975 | 41.2% | +3.6% |
| 1976 | 42.1% | +2.4% |
| 1977 | 47.4% | +12.5% |
| 1978 | 43.3% | -8.6% |
| 1979 | 43.9% | +1.3% |
| 1980 | 48.6% | +10.7% |
| 1981 | 49.1% | +1.1% |
| 1982 | 38.7% | -21.3% |
| 1983 | 31.1% | -19.4% |
| 1984 | 27.8% | -10.7% |
| 1985 | 28.5% | +2.6% |
| 1986 | 37.6% | +31.7% |
| 1987 | 53.3% | +41.7% |
| 1988 | 45.1% | -15.3% |
| 1989 | 57.9% | +28.1% |
| 1990 | 72.2% | +24.9% |
| 1991 | 68.6% | -5.1% |
| 1992 | 82.7% | +20.7% |
| 1993 | 97.3% | +17.6% |
| 1994 | 82.5% | -15.2% |
| 1995 | 86.5% | +4.8% |
| 1996 | 75.6% | -12.6% |
| 1997 | 82.7% | +9.4% |
| 1998 | 71.6% | -13.4% |
| 1999 | 78.0% | +9.0% |
| 2000 | 86.0% | +10.2% |
| 2001 | 75.3% | -12.5% |
| 2002 | 64.4% | -14.4% |
| 2003 | 83.1% | +29.1% |
| 2004 | 75.0% | -9.8% |
| 2005 | 77.6% | +3.4% |
| 2006 | 70.6% | -9.0% |
| 2007 | 67.0% | -5.2% |
| 2008 | 74.0% | +10.5% |
| 2009 | 64.7% | -12.6% |
| 2010 | 65.1% | +0.7% |
| 2011 | 75.2% | +15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 25.3% | 21.8% | 28.5% | 10 |
| 1970s | 35.6% | 19.6% | 47.4% | 10 |
| 1980s | 41.8% | 27.8% | 57.9% | 10 |
| 1990s | 79.8% | 68.6% | 97.3% | 10 |
| 2000s | 73.8% | 64.4% | 86.0% | 10 |
| 2010s | 70.2% | 65.1% | 75.2% | 2 |
Countries ranked near Nigeria
- 25 Guinea-Bissau 81.0% compare
- 26 Guinea 78.5% compare
- 27 Gambia 76.0% compare
- 29 Kenya 75.1% compare
- 30 Mozambique 74.5% compare
- 31 Sierra Leone 71.0% 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)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 557.59 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 209.92 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is merchandise trade to gdp ratio in Nigeria?
- Merchandise trade to gdp ratio in Nigeria was 75.2% in 2011, according to World Bank country economists.
- What is the highest merchandise trade to gdp ratio recorded in Nigeria?
- The highest recorded value was 97.3% in 1993.
- What is the lowest merchandise trade to gdp ratio recorded in Nigeria?
- The lowest recorded value was 19.6% in 1970.
- How does Nigeria rank for merchandise trade to gdp ratio?
- Nigeria ranks 28th out of 53 countries with data for 2011.
- Is merchandise trade to gdp ratio rising or falling in Nigeria?
- Over the last ten years it is down 0.1%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Merchandise trade to GDP ratio (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current US dollars and from the national accounts.