Total FDI outflows — Value US$, 2015 prices in Nigeria
Nigeria: Total FDI outflows — Value US$, 2015 prices was 387.32 million USD in 2023. ◆ Volatile
Total FDI outflows — Value US$, 2015 prices in Nigeria, 1990–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Nigeria recorded 387.32 million USD for total fdi outflows — value us$, 2015 prices in 2023.
Compared with earlier readings it is down 87.8% on the previous year and down 64.4% over ten years.
Over the whole period, total fdi outflows — value us$, 2015 prices in Nigeria peaked at 3,178 million USD in 2022 and was at its lowest, 242.11 million USD, in 2001.
Nigeria ranks 61st of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total FDI outflows — Value US$, 2015 prices in Nigeria, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 1,035 million USD | — |
| 1991 | 1,066 million USD | +2.9% |
| 1992 | 801.28 million USD | -24.8% |
| 1993 | 1,478 million USD | +84.4% |
| 1994 | 1,029 million USD | -30.4% |
| 1995 | 588.85 million USD | -42.8% |
| 1996 | 1,801 million USD | +205.8% |
| 1997 | 305.26 million USD | -83.0% |
| 1998 | 465.53 million USD | +52.5% |
| 1999 | 499.58 million USD | +7.3% |
| 2000 | 438.45 million USD | -12.2% |
| 2001 | 242.11 million USD | -44.8% |
| 2002 | 397.39 million USD | +64.1% |
| 2003 | 376.95 million USD | -5.1% |
| 2004 | 493.68 million USD | +31.0% |
| 2005 | 310.83 million USD | -37.0% |
| 2006 | 398.13 million USD | +28.1% |
| 2007 | 986.33 million USD | +147.7% |
| 2008 | 1,042 million USD | +5.6% |
| 2009 | 1,893 million USD | +81.8% |
| 2010 | 982.94 million USD | -48.1% |
| 2011 | 818.13 million USD | -16.8% |
| 2012 | 1,427 million USD | +74.4% |
| 2013 | 1,089 million USD | -23.7% |
| 2014 | 1,368 million USD | +25.6% |
| 2015 | 1,435 million USD | +4.9% |
| 2016 | 403.39 million USD | -71.9% |
| 2017 | 405.77 million USD | +0.6% |
| 2018 | 670.44 million USD | +65.2% |
| 2019 | 307.24 million USD | -54.2% |
| 2020 | 1,720 million USD | +459.7% |
| 2021 | 2,194 million USD | +27.6% |
| 2022 | 3,178 million USD | +44.8% |
| 2023 | 387.32 million USD | -87.8% |
Nigeria compared with similar countries
- Nigeria's 387.32 million USD is above the median for lower middle income countries, which is 27.32 million USD, 14.2× the median. (35 countries reporting)
- Nigeria's 387.32 million USD is above the median for Sub-Saharan Africa, which is 0.2961 million USD, 1308.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Total FDI outflows — Value US$, 2015 prices in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +459.7% | 307.24 million USD | 1,720 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 906.93 million USD | 305.26 million USD | 1,801 million USD | 10 |
| 2000s | 657.88 million USD | 242.11 million USD | 1,893 million USD | 10 |
| 2010s | 890.7 million USD | 307.24 million USD | 1,435 million USD | 10 |
| 2020s | 1,870 million USD | 387.32 million USD | 3,178 million USD | 4 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ 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 total fdi outflows — value us$, 2015 prices in Nigeria?
- Total fdi outflows — value us$, 2015 prices in Nigeria was 387.32 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total fdi outflows — value us$, 2015 prices recorded in Nigeria?
- The highest recorded value was 3,178 million USD in 2022.
- What is the lowest total fdi outflows — value us$, 2015 prices recorded in Nigeria?
- The lowest recorded value was 242.11 million USD in 2001.
- How does Nigeria rank for total fdi outflows — value us$, 2015 prices?
- Nigeria ranks 61st out of 167 countries with data for 2023.
- Is total fdi outflows — value us$, 2015 prices rising or falling in Nigeria?
- Over the last ten years it is down 64.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total FDI outflows — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
FDI is an investment which aims to acquire a lasting management influence (10 percent or more of the voting stock) in an enterprise operating in a foreign economy. FDI may be undertaken by individuals, as well as business entities. The foreign direct investor most often is aiming to gain access to natural resources, to markets, to labour supply, to technology, to ensure security of supplies or to control the quality of a certain product. FDI can be decomposed into two types of investments: mergers and acquisitions (MA) and greenfield investments. The latter type results in the creation of new entities and the setting up of offices, buildings, plants or factories from scratch in a foreign economy. FDI is the sum of equity capital, reinvested earnings and other FDI capital. Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery. Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Other FDI capital (loans) includes the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. FDI inflows and outflows are important for tracking the direct investment conditions each year. Outward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions from the reporting economy during a year. It represents transactions affecting the investment in enterprises resident abroad. Whereas, Inward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions received by the reporting economy during a year. It represents transactions affecting the investment in enterprises of a specific industry resident in the reporting economy.