Service exports (BoP, current US$) in Nigeria
Nigeria: Service exports (BoP, current US$) was 5.06 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
5.06 billion BoP, current US$
Change on year
up 10.7%
World rank
96th
of 200 countries
All-time high
5.06 billion BoP, current US$
in 2025
All-time low
189.06 million BoP, current US$
in 1995
Years of data
49
1977–2025
Service exports in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, service exports in Nigeria stood at 5.06 billion BoP, current US$. That is the highest value across all 49 years on record.
The figure is up 10.7% on the previous year and up 60.0% over ten years.
Over the whole period, service exports in Nigeria peaked at 5.06 billion BoP, current US$ in 2025 and was at its lowest, 189.06 million BoP, current US$, in 1995.
Nigeria ranks 96th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$) in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 563.05 million BoP, current US$ | — |
| 1978 | 876.79 million BoP, current US$ | +55.7% |
| 1979 | 1.03 billion BoP, current US$ | +17.1% |
| 1980 | 1.13 billion BoP, current US$ | +9.8% |
| 1981 | 926.00 million BoP, current US$ | -17.8% |
| 1982 | 507.82 million BoP, current US$ | -45.2% |
| 1983 | 401.71 million BoP, current US$ | -20.9% |
| 1984 | 433.12 million BoP, current US$ | +7.8% |
| 1985 | 315.52 million BoP, current US$ | -27.2% |
| 1986 | 250.21 million BoP, current US$ | -20.7% |
| 1987 | 224.10 million BoP, current US$ | -10.4% |
| 1988 | 363.68 million BoP, current US$ | +62.3% |
| 1989 | 551.82 million BoP, current US$ | +51.7% |
| 1990 | 965.15 million BoP, current US$ | +74.9% |
| 1991 | 886.31 million BoP, current US$ | -8.2% |
| 1992 | 1.05 billion BoP, current US$ | +18.8% |
| 1993 | 1.16 billion BoP, current US$ | +10.5% |
| 1994 | 370.89 million BoP, current US$ | -68.1% |
| 1995 | 189.06 million BoP, current US$ | -49.0% |
| 1996 | 229.55 million BoP, current US$ | +21.4% |
| 1997 | 239.89 million BoP, current US$ | +4.5% |
| 1998 | 251.80 million BoP, current US$ | +5.0% |
| 1999 | 979.62 million BoP, current US$ | +289.0% |
| 2000 | 1.83 billion BoP, current US$ | +87.1% |
| 2001 | 1.65 billion BoP, current US$ | -9.8% |
| 2002 | 2.52 billion BoP, current US$ | +52.7% |
| 2003 | 3.47 billion BoP, current US$ | +37.6% |
| 2004 | 3.34 billion BoP, current US$ | -3.9% |
| 2005 | 1.79 billion BoP, current US$ | -46.3% |
| 2006 | 2.30 billion BoP, current US$ | +28.2% |
| 2007 | 1.44 billion BoP, current US$ | -37.2% |
| 2008 | 2.26 billion BoP, current US$ | +56.8% |
| 2009 | 2.22 billion BoP, current US$ | -2.0% |
| 2010 | 3.08 billion BoP, current US$ | +38.9% |
| 2011 | 3.39 billion BoP, current US$ | +9.9% |
| 2012 | 2.40 billion BoP, current US$ | -29.1% |
| 2013 | 2.40 billion BoP, current US$ | -0.2% |
| 2014 | 1.99 billion BoP, current US$ | -16.9% |
| 2015 | 3.16 billion BoP, current US$ | +58.7% |
| 2016 | 3.74 billion BoP, current US$ | +18.5% |
| 2017 | 5.03 billion BoP, current US$ | +34.4% |
| 2018 | 4.82 billion BoP, current US$ | -4.2% |
| 2019 | 4.95 billion BoP, current US$ | +2.7% |
| 2020 | 3.99 billion BoP, current US$ | -19.3% |
| 2021 | 4.00 billion BoP, current US$ | +0.1% |
| 2022 | 4.86 billion BoP, current US$ | +21.7% |
| 2023 | 4.44 billion BoP, current US$ | -8.7% |
| 2024 | 4.57 billion BoP, current US$ | +2.8% |
| 2025 | 5.06 billion BoP, current US$ | +10.7% |
Nigeria compared with similar countries
- Nigeria's 5.06 billion BoP, current US$ is above the median for lower middle income countries, which is 1.27 billion BoP, current US$, 4.0× the median. (47 countries reporting)
- Nigeria's 5.06 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 514.12 million BoP, current US$, 9.8× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$) 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 |
|---|---|---|---|
| 1999 | +289.0% | 251.80 million BoP, current US$ | 979.62 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 822.11 million BoP, current US$ | 563.05 million BoP, current US$ | 1.03 billion BoP, current US$ | 3 |
| 1980s | 510.06 million BoP, current US$ | 224.10 million BoP, current US$ | 1.13 billion BoP, current US$ | 10 |
| 1990s | 632.74 million BoP, current US$ | 189.06 million BoP, current US$ | 1.16 billion BoP, current US$ | 10 |
| 2000s | 2.28 billion BoP, current US$ | 1.44 billion BoP, current US$ | 3.47 billion BoP, current US$ | 10 |
| 2010s | 3.50 billion BoP, current US$ | 1.99 billion BoP, current US$ | 5.03 billion BoP, current US$ | 10 |
| 2020s | 4.49 billion BoP, current US$ | 3.99 billion BoP, current US$ | 5.06 billion BoP, current US$ | 6 |
Countries ranked near Nigeria
- 93 Maldives 5.80 billion BoP, current US$ compare
- 94 Cambodia 5.35 billion BoP, current US$ compare
- 95 Jamaica 5.06 billion BoP, current US$ compare
- 97 Kosovo 4.91 billion BoP, current US$ compare
- 97 Kosovo (UNSCR 1244) 4.91 billion BoP, current US$ compare
- 99 Guatemala 4.89 billion BoP, current US$ compare
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- 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)
Frequently asked questions
- What is service exports in Nigeria?
- Service exports in Nigeria was 5.06 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Nigeria?
- The highest recorded value was 5.06 billion BoP, current US$ in 2025.
- What is the lowest service exports recorded in Nigeria?
- The lowest recorded value was 189.06 million BoP, current US$ in 1995.
- How does Nigeria rank for service exports?
- Nigeria ranks 96th out of 200 countries with data for 2025.
- Is service exports rising or falling in Nigeria?
- Over the last ten years it is up 60.0%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. 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.