Personal remittances, received in Nigeria
Nigeria: Personal remittances, received was 22.79 billion current US$ in 2025. ◆ Volatile
Personal remittances, received in Nigeria, 1977–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Nigeria recorded 22.79 billion current US$ for personal remittances, received in 2025.
Compared with earlier readings it is up 3.0% on the previous year and up 10.5% over ten years.
Over the whole period, personal remittances, received in Nigeria peaked at 24.31 billion current US$ in 2018 and was at its lowest, 2.42 million current US$, in 1988.
Nigeria ranks 10th of 197 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 20.16 million current US$ | — |
| 1978 | 3.15 million current US$ | -84.4% |
| 1979 | 8.28 million current US$ | +162.9% |
| 1980 | 21.95 million current US$ | +165.1% |
| 1981 | 16.19 million current US$ | -26.2% |
| 1982 | 17.82 million current US$ | +10.1% |
| 1983 | 13.80 million current US$ | -22.5% |
| 1984 | 11.74 million current US$ | -14.9% |
| 1985 | 10.07 million current US$ | -14.2% |
| 1986 | 3.99 million current US$ | -60.4% |
| 1987 | 2.74 million current US$ | -31.3% |
| 1988 | 2.42 million current US$ | -11.5% |
| 1989 | 10.18 million current US$ | +320.0% |
| 1990 | 10.01 million current US$ | -1.7% |
| 1991 | 65.54 million current US$ | +554.9% |
| 1992 | 56.45 million current US$ | -13.9% |
| 1993 | 793.15 million current US$ | +1305.1% |
| 1994 | 549.87 million current US$ | -30.7% |
| 1995 | 250.04 million current US$ | -54.5% |
| 1996 | 296.59 million current US$ | +18.6% |
| 1997 | 585.74 million current US$ | +97.5% |
| 1998 | 448.55 million current US$ | -23.4% |
| 1999 | 1.30 billion current US$ | +190.1% |
| 2000 | 1.39 billion current US$ | +7.0% |
| 2001 | 1.17 billion current US$ | -16.2% |
| 2002 | 1.21 billion current US$ | +3.6% |
| 2003 | 1.06 billion current US$ | -12.1% |
| 2004 | 2.27 billion current US$ | +113.8% |
| 2005 | 14.64 billion current US$ | +544.2% |
| 2006 | 16.93 billion current US$ | +15.7% |
| 2007 | 18.01 billion current US$ | +6.4% |
| 2008 | 19.20 billion current US$ | +6.6% |
| 2009 | 18.37 billion current US$ | -4.3% |
| 2010 | 19.74 billion current US$ | +7.5% |
| 2011 | 20.62 billion current US$ | +4.4% |
| 2012 | 20.54 billion current US$ | -0.4% |
| 2013 | 20.80 billion current US$ | +1.2% |
| 2014 | 21.00 billion current US$ | +1.0% |
| 2015 | 20.63 billion current US$ | -1.8% |
| 2016 | 19.70 billion current US$ | -4.5% |
| 2017 | 22.04 billion current US$ | +11.9% |
| 2018 | 24.31 billion current US$ | +10.3% |
| 2019 | 23.81 billion current US$ | -2.1% |
| 2020 | 17.21 billion current US$ | -27.7% |
| 2021 | 19.48 billion current US$ | +13.2% |
| 2022 | 20.13 billion current US$ | +3.3% |
| 2023 | 19.55 billion current US$ | -2.9% |
| 2024 | 22.13 billion current US$ | +13.2% |
| 2025 | 22.79 billion current US$ | +3.0% |
Nigeria compared with similar countries
- Nigeria's 22.79 billion current US$ is above the median for lower middle income countries, which is 1.12 billion current US$, 20.3× the median. (47 countries reporting)
- Nigeria's 22.79 billion current US$ is above the median for Sub-Saharan Africa, which is 406.26 million current US$, 56.1× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +1305.1% | 56.45 million current US$ | 793.15 million current US$ |
| 1991 | +554.9% | 10.01 million current US$ | 65.54 million current US$ |
| 2005 | +544.2% | 2.27 billion current US$ | 14.64 billion current US$ |
| 1989 | +320.0% | 2.42 million current US$ | 10.18 million current US$ |
| 1999 | +190.1% | 448.55 million current US$ | 1.30 billion current US$ |
| 1980 | +165.1% | 8.28 million current US$ | 21.95 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.53 million current US$ | 3.15 million current US$ | 20.16 million current US$ | 3 |
| 1980s | 11.09 million current US$ | 2.42 million current US$ | 21.95 million current US$ | 10 |
| 1990s | 435.70 million current US$ | 10.01 million current US$ | 1.30 billion current US$ | 10 |
| 2000s | 9.43 billion current US$ | 1.06 billion current US$ | 19.20 billion current US$ | 10 |
| 2010s | 21.32 billion current US$ | 19.70 billion current US$ | 24.31 billion current US$ | 10 |
| 2020s | 20.21 billion current US$ | 17.21 billion current US$ | 22.79 billion 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$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Nigeria?
- Personal remittances, received in Nigeria was 22.79 billion current US$ in 2025, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Nigeria?
- The highest recorded value was 24.31 billion current US$ in 2018.
- What is the lowest personal remittances, received recorded in Nigeria?
- The lowest recorded value was 2.42 million current US$ in 1988.
- How does Nigeria rank for personal remittances, received?
- Nigeria ranks 10th out of 197 countries with data for 2025.
- Is personal remittances, received rising or falling in Nigeria?
- Over the last ten years it is up 10.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.