Net capital account (BoP, current US$) in Nigeria
Nigeria: Net capital account was 10.56 billion BoP, current US$ in 2006. ◆ Volatile
Net capital account in Nigeria, 1988–2006
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2006, net capital account in Nigeria stood at 10.56 billion BoP, current US$. That is the highest value across all 11 years on record.
That represents a change of up 43.9% on the previous year and up 64,221.9% over ten years.
Over the whole period, net capital account in Nigeria peaked at 10.56 billion BoP, current US$ in 2006 and was at its lowest, -903.55 million BoP, current US$, in 1988.
Nigeria ranks 2nd of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net capital account in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1988 | -903.55 million BoP, current US$ | — |
| 1989 | -234.99 million BoP, current US$ | -74.0% |
| 1995 | -14.40 million BoP, current US$ | -93.9% |
| 1996 | -16.46 million BoP, current US$ | +14.3% |
| 1998 | 4.87 million BoP, current US$ | -129.6% |
| 1999 | 13.20 million BoP, current US$ | +170.9% |
| 2000 | 32.68 million BoP, current US$ | +147.6% |
| 2003 | 157,867 BoP, current US$ | -99.5% |
| 2004 | 268,647 BoP, current US$ | +70.2% |
| 2005 | 7.34 billion BoP, current US$ | +2730460.9% |
| 2006 | 10.56 billion BoP, current US$ | +43.9% |
Nigeria compared with similar countries
- Nigeria's 10.56 billion BoP, current US$ is above the median for lower middle income countries, which is 92.22 million BoP, current US$, 114.5× the median. (46 countries reporting)
- Nigeria's 10.56 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 205.77 million BoP, current US$, 51.3× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -569.27 million BoP, current US$ | -903.55 million BoP, current US$ | -234.99 million BoP, current US$ | 2 |
| 1990s | -3.20 million BoP, current US$ | -16.46 million BoP, current US$ | 13.20 million BoP, current US$ | 4 |
| 2000s | 3.58 billion BoP, current US$ | 157,867 BoP, current US$ | 10.56 billion BoP, current US$ | 5 |
Countries ranked near Nigeria
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)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0107 units per US$ of GDP (2025)
Frequently asked questions
- What is net capital account in Nigeria?
- Net capital account in Nigeria was 10.56 billion BoP, current US$ in 2006, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net capital account recorded in Nigeria?
- The highest recorded value was 10.56 billion BoP, current US$ in 2006.
- What is the lowest net capital account recorded in Nigeria?
- The lowest recorded value was -903.55 million BoP, current US$ in 1988.
- How does Nigeria rank for net capital account?
- Nigeria ranks 2nd out of 187 countries with data for 2006.
- Is net capital account rising or falling in Nigeria?
- Over the last ten years it is up 64,221.9%. 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 Net capital account (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net capital account records acquisitions and disposals of nonproduced nonfinancial assets, such as land sold to embassies and sales of leases and licenses, as well as capital transfers, including government debt forgiveness. The use of the term capital account in this context is designed to be consistent with the System of National Accounts, which distinguishes between capital transactions and financial transactions. 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.