Net secondary income (Net current transfers from abroad) in Nigeria
Nigeria: Net secondary income (Net current transfers from abroad) was 2.84 trillion constant LCU in 2012. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Nigeria, 1981–2012
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2012, net secondary income (net current transfers from abroad) in Nigeria stood at 2.84 trillion constant LCU.
Compared with earlier readings it is down 3.0% on the previous year and up 406.8% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Nigeria peaked at 5.42 trillion constant LCU in 2009 and was at its lowest, -314.56 billion constant LCU, in 1986.
Nigeria ranks 3rd of 125 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 secondary income (Net current transfers from abroad) in Nigeria, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1981 | -149.96 billion constant LCU | — |
| 1982 | -107.82 billion constant LCU | -28.1% |
| 1983 | -84.31 billion constant LCU | -21.8% |
| 1984 | -195.78 billion constant LCU | +132.2% |
| 1985 | -190.23 billion constant LCU | -2.8% |
| 1986 | -314.56 billion constant LCU | +65.4% |
| 1987 | -143.85 billion constant LCU | -54.3% |
| 1988 | -112.30 billion constant LCU | -21.9% |
| 1989 | 76.11 billion constant LCU | -167.8% |
| 1990 | 213.17 billion constant LCU | +180.1% |
| 1991 | 380.60 billion constant LCU | +78.5% |
| 1992 | 402.70 billion constant LCU | +5.8% |
| 1993 | 421.64 billion constant LCU | +4.7% |
| 1994 | 179.37 billion constant LCU | -57.5% |
| 1995 | 712.83 billion constant LCU | +297.4% |
| 1996 | 242.64 billion constant LCU | -66.0% |
| 1997 | 838.09 billion constant LCU | +245.4% |
| 1998 | 658.53 billion constant LCU | -21.4% |
| 1999 | 628.41 billion constant LCU | -4.6% |
| 2000 | 833.22 billion constant LCU | +32.6% |
| 2001 | 735.83 billion constant LCU | -11.7% |
| 2002 | 560.62 billion constant LCU | -23.8% |
| 2003 | 526.46 billion constant LCU | -6.1% |
| 2004 | 1.08 trillion constant LCU | +104.4% |
| 2005 | 1.15 trillion constant LCU | +7.1% |
| 2006 | 2.88 trillion constant LCU | +149.7% |
| 2007 | 4.98 trillion constant LCU | +72.9% |
| 2008 | 4.44 trillion constant LCU | -10.8% |
| 2009 | 5.42 trillion constant LCU | +22.2% |
| 2010 | 2.52 trillion constant LCU | -53.6% |
| 2011 | 2.93 trillion constant LCU | +16.5% |
| 2012 | 2.84 trillion constant LCU | -3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -135.86 billion constant LCU | -314.56 billion constant LCU | 76.11 billion constant LCU | 9 |
| 1990s | 467.80 billion constant LCU | 179.37 billion constant LCU | 838.09 billion constant LCU | 10 |
| 2000s | 2.26 trillion constant LCU | 526.46 billion constant LCU | 5.42 trillion constant LCU | 10 |
| 2010s | 2.76 trillion constant LCU | 2.52 trillion constant LCU | 2.93 trillion constant LCU | 3 |
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 15.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9765 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,196 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,483 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.82 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.88 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Nigeria?
- Net secondary income (net current transfers from abroad) in Nigeria was 2.84 trillion constant LCU in 2012, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Nigeria?
- The highest recorded value was 5.42 trillion constant LCU in 2009.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Nigeria?
- The lowest recorded value was -314.56 billion constant LCU in 1986.
- How does Nigeria rank for net secondary income (net current transfers from abroad)?
- Nigeria ranks 3rd out of 125 countries with data for 2012.
- Is net secondary income (net current transfers from abroad) rising or falling in Nigeria?
- Over the last ten years it is up 406.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (constant LCU). 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.