Net secondary income in Nigeria
Nigeria: Net secondary income was 23.20 billion BoP, current US$ in 2025. ◆ Volatile
Net secondary income in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, net secondary income in Nigeria stood at 23.20 billion BoP, current US$.
The figure is down 6.7% on the previous year and up 15.0% over ten years.
Over the whole period, net secondary income in Nigeria peaked at 26.37 billion BoP, current US$ in 2019 and was at its lowest, -576.10 million BoP, current US$, in 1980.
That places Nigeria 7th out of 200 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -183.03 million BoP, current US$ | — |
| 1978 | -269.18 million BoP, current US$ | +47.1% |
| 1979 | -387.41 million BoP, current US$ | +43.9% |
| 1980 | -576.10 million BoP, current US$ | +48.7% |
| 1981 | -561.75 million BoP, current US$ | -2.5% |
| 1982 | -429.13 million BoP, current US$ | -23.6% |
| 1983 | -394.80 million BoP, current US$ | -8.0% |
| 1984 | -331.37 million BoP, current US$ | -16.1% |
| 1985 | -259.57 million BoP, current US$ | -21.7% |
| 1986 | -137.36 million BoP, current US$ | -47.1% |
| 1987 | -23.90 million BoP, current US$ | -82.6% |
| 1988 | -11.90 million BoP, current US$ | -50.2% |
| 1989 | 126.55 million BoP, current US$ | -1163.2% |
| 1990 | 84.73 million BoP, current US$ | -33.0% |
| 1991 | 744.16 million BoP, current US$ | +778.2% |
| 1992 | 752.73 million BoP, current US$ | +1.2% |
| 1993 | 812.30 million BoP, current US$ | +7.9% |
| 1994 | 497.91 million BoP, current US$ | -38.7% |
| 1995 | 248.58 million BoP, current US$ | -50.1% |
| 1996 | 296.04 million BoP, current US$ | +19.1% |
| 1997 | 584.57 million BoP, current US$ | +97.5% |
| 1998 | 447.22 million BoP, current US$ | -23.5% |
| 1999 | 1.29 billion BoP, current US$ | +188.8% |
| 2000 | 1.63 billion BoP, current US$ | +26.0% |
| 2001 | 1.37 billion BoP, current US$ | -16.0% |
| 2002 | 1.41 billion BoP, current US$ | +3.4% |
| 2003 | 1.05 billion BoP, current US$ | -25.6% |
| 2004 | 2.25 billion BoP, current US$ | +114.2% |
| 2005 | 15.15 billion BoP, current US$ | +572.9% |
| 2006 | 17.80 billion BoP, current US$ | +17.5% |
| 2007 | 18.55 billion BoP, current US$ | +4.2% |
| 2008 | 20.39 billion BoP, current US$ | +9.9% |
| 2009 | 19.36 billion BoP, current US$ | -5.0% |
| 2010 | 20.70 billion BoP, current US$ | +6.9% |
| 2011 | 21.81 billion BoP, current US$ | +5.3% |
| 2012 | 21.81 billion BoP, current US$ | +0.0% |
| 2013 | 21.80 billion BoP, current US$ | -0.0% |
| 2014 | 21.93 billion BoP, current US$ | +0.6% |
| 2015 | 20.17 billion BoP, current US$ | -8.0% |
| 2016 | 19.89 billion BoP, current US$ | -1.4% |
| 2017 | 22.00 billion BoP, current US$ | +10.6% |
| 2018 | 24.13 billion BoP, current US$ | +9.7% |
| 2019 | 26.37 billion BoP, current US$ | +9.3% |
| 2020 | 21.02 billion BoP, current US$ | -20.3% |
| 2021 | 21.95 billion BoP, current US$ | +4.4% |
| 2022 | 21.85 billion BoP, current US$ | -0.5% |
| 2023 | 22.12 billion BoP, current US$ | +1.3% |
| 2024 | 24.88 billion BoP, current US$ | +12.4% |
| 2025 | 23.20 billion BoP, current US$ | -6.7% |
Nigeria compared with similar countries
- Nigeria's 23.20 billion BoP, current US$ is above the median for lower middle income countries, which is 1.19 billion BoP, current US$, 19.5× the median. (47 countries reporting)
- Nigeria's 23.20 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 554.03 million BoP, current US$, 41.9× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net secondary income in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +1163.2% | -11.90 million BoP, current US$ | 126.55 million BoP, current US$ |
| 1991 | +778.2% | 84.73 million BoP, current US$ | 744.16 million BoP, current US$ |
| 2005 | +572.9% | 2.25 billion BoP, current US$ | 15.15 billion BoP, current US$ |
| 1999 | +188.8% | 447.22 million BoP, current US$ | 1.29 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -279.87 million BoP, current US$ | -387.41 million BoP, current US$ | -183.03 million BoP, current US$ | 3 |
| 1980s | -259.93 million BoP, current US$ | -576.10 million BoP, current US$ | 126.55 million BoP, current US$ | 10 |
| 1990s | 575.99 million BoP, current US$ | 84.73 million BoP, current US$ | 1.29 billion BoP, current US$ | 10 |
| 2000s | 9.90 billion BoP, current US$ | 1.05 billion BoP, current US$ | 20.39 billion BoP, current US$ | 10 |
| 2010s | 22.06 billion BoP, current US$ | 19.89 billion BoP, current US$ | 26.37 billion BoP, current US$ | 10 |
| 2020s | 22.50 billion BoP, current US$ | 21.02 billion BoP, current US$ | 24.88 billion BoP, current US$ | 6 |
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)
- 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is net secondary income in Nigeria?
- Net secondary income in Nigeria was 23.20 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Nigeria?
- The highest recorded value was 26.37 billion BoP, current US$ in 2019.
- What is the lowest net secondary income recorded in Nigeria?
- The lowest recorded value was -576.10 million BoP, current US$ in 1980.
- How does Nigeria rank for net secondary income?
- Nigeria ranks 7th out of 200 countries with data for 2025.
- Is net secondary income rising or falling in Nigeria?
- Over the last ten years it is up 15.0%. 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 secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.