Nigeria Real Effective Exchange Rate
Key information about Nigeria Real Effective Exchange Rate
- Nigeria Real Effective Exchange Rate (REER: 2005=100: Month Avg: Nigeria) was 82.0 in Jan 2025, compared with the number of 79.6 in the previous month.
- Nigeria Real Effective Exchange Rate data is updated monthly and averaged 701.6 from Dec 1979 to Jan 2025.
- The data reached an all-time high of 701.6 in Sep 1984 and a record low of 51.4 in Mar 1992.
CEIC generates Real Effective Exchange Rate Index with base 2005=100. The International Monetary Fund provides Real Effective Exchange Rate with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.
Related information about Nigeria Real Effective Exchange Rate
- In the latest reports, Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 28.3 % pa in Jan 2025.
- The cash rate (Policy Rate: Month End) was set at 27.5 % pa in Jan 2025.
- Nigeria Exchange Rate against USD averaged 607.7 (USD/NGN) in Jun 2023.
View Nigeria's Real Effective Exchange Rate from Dec 1979 to Jan 2025 in the chart:
What was Nigeria's Real Effective Exchange Rate in Jan 2025?
Nigeria Real Effective Exchange Rate (REER: 2005=100: Month Avg: Nigeria) was 82.0 in Jan 2025, compared with the number of 79.6 in the previous month. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
82.0 Jan 2025 | 79.6 Dec 2024 | 51.4 Mar 1992 | 701.6 Sep 1984 | 2005=100 | monthly | Dec 1979 - Jan 2025 |
Real Effective Exchange Rate by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Algeria (2005=100) | 105.2 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Argentina (2005=100) | 50.2 Feb 2025 | monthly | Jan 1997 - Feb 2025 |
Armenia (2005=100) | 253.2 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
Australia (2005=100) | 100.3 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Austria (2005=100) | 102.6 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Azerbaijan (2005=100) | 156.4 Jan 2025 | monthly | Jan 2005 - Jan 2025 |
Bahrain (2005=100) | 96.0 Jan 2025 | monthly | Jan 1980 - Jan 2025 |
Bangladesh (2015-2016=100) | 102.0 2023 | yearly | 2011 - 2023 |
Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
Belgium (2005=100) | 102.0 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Bolivia (2005=100) | 51.4 Dec 2024 | monthly | Jan 1991 - Dec 2024 |
Bosnia and Herzegovina (2005=100) | 96.7 Dec 2024 | monthly | Jan 2005 - Dec 2024 |
Botswana (Dec2018=100) | 97.1 Aug 2023 | monthly | Dec 2009 - Aug 2023 |
Brazil (2005=100) | 78.5 Dec 2024 | monthly | Jan 1988 - Dec 2024 |
Bulgaria (2005=100) | 129.1 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
Canada (2005=100) | 88.4 Dec 2024 | monthly | Jan 1999 - Dec 2024 |
Chile (2005=100) | 113.6 Jan 2025 | monthly | Jan 1986 - Jan 2025 |
China (2005=100) | 135.9 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Colombia (2005=100) | 113.5 Jan 2025 | monthly | Jan 1990 - Jan 2025 |
Croatia (2005=100) | 103.1 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Cyprus (2005=100) | 88.6 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Czech Republic (2005=100) | 152.4 May 2023 | monthly | Jan 1995 - May 2023 |
Denmark (2005=100) | 95.9 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
Estonia (2005=100) | 141.7 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
European Union (2005=100) | 90.2 Jan 2025 | monthly | Jan 1993 - Jan 2025 |
Finland (2005=100) | 92.2 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
France (2005=100) | 89.4 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Georgia (2005=100) | 130.5 Jan 2025 | monthly | Dec 1995 - Jan 2025 |
Germany (2005=100) | 93.7 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Ghana (2005=100) | 67.6 Jan 2025 | monthly | Dec 1979 - Jan 2025 |
Greece (2005=100) | 92.2 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Hong Kong SAR, China (2005=100) | 111.7 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Hungary (2005=100) | 105.8 Dec 2024 | monthly | Jan 1990 - Dec 2024 |
Iceland (2005=100) | 91.9 Jan 2025 | monthly | Jan 1979 - Jan 2025 |
India (2005=100) | 115.2 Jan 2025 | monthly | Apr 2004 - Jan 2025 |
Indonesia (2005=100) | 111.6 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Iran (2005=100) | 986.1 Jan 2025 | monthly | Jan 1979 - Jan 2025 |
Ireland (2005=100) | 81.8 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Israel (2005=100) | 129.1 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Italy (2005=100) | 94.5 Jun 2023 | monthly | Jan 1993 - Jun 2023 |
Ivory Coast (2005=100) | 95.8 Jan 2025 | monthly | Dec 1979 - Jan 2025 |
Japan (2005=100) | 55.5 Jan 2025 | monthly | Jan 1970 - Jan 2025 |
Kazakhstan (2005=100) | 107.0 Jan 2025 | monthly | Jan 1995 - Jan 2025 |
Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
South Korea (2005=100) | 79.3 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Kosovo (Jan2007=100) | 119.9 Jan 2025 | monthly | Dec 2006 - Jan 2025 |
Kyrgyzstan (2005=100) | 146.7 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
Latvia (2005=100) | 129.4 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Lithuania (2005=100) | 129.7 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Luxembourg (2005=100) | 96.2 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
North Macedonia (2005=100) | 111.5 May 2023 | monthly | Jan 1993 - May 2023 |
Malawi (2010=100) | 94.3 Jan 2025 | monthly | Dec 1979 - Jan 2025 |
Malaysia (2005=100) | 92.4 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Malta (2005=100) | 95.7 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Mexico (2005=100) | 102.8 Jan 2025 | monthly | Jan 1968 - Jan 2025 |
Moldova (2005=100) | 248.3 Jan 2025 | monthly | Nov 1993 - Jan 2025 |
Mongolia (2005=100) | 129.5 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
Morocco (2005=100) | 100.2 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
Netherlands (2005=100) | 96.8 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
New Zealand (2005=100) | 93.2 Jan 2025 | monthly | Jan 1984 - Jan 2025 |
Nigeria (2005=100) | 82.0 Jan 2025 | monthly | Dec 1979 - Jan 2025 |
Norway (2005=100) | 73.0 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Pakistan (2010=100) | 104.0 Jan 2025 | monthly | Jan 2013 - Jan 2025 |
Paraguay (2005=100) | 67.6 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
Peru (2005=100) | 89.9 Feb 2025 | monthly | Jan 1991 - Feb 2025 |
Philippines (2005=100) | 145.0 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Poland (2005=100) | 117.6 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Portugal (2005=100) | 92.5 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Romania (2005=100) | 114.2 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Russia (2005=100) | 95.7 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Saudi Arabia (2005=100) | 129.9 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Serbia (2005=100) | 143.5 Jan 2025 | monthly | Jan 2002 - Jan 2025 |
Singapore (2005=100) | 134.3 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Slovakia (2005=100) | 137.7 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Slovenia (2005=100) | 99.7 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
South Africa (2005=100) | 89.3 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
Spain (2005=100) | 95.9 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
Sri Lanka (2017=100) | 76.3 Jan 2025 | monthly | Jan 2013 - Jan 2025 |
Sweden (2005=100) | 77.5 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Switzerland (2005=100) | 112.3 Feb 2025 | monthly | Jan 1973 - Feb 2025 |
Taiwan (2005=100) | 92.8 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Thailand (2005=100) | 124.2 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Tunisia (2005=100) | 86.5 Jan 2025 | monthly | Jan 1979 - Jan 2025 |
Turkey (2005=100) | 66.9 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
Ukraine (2005=100) | 88.6 Jan 2025 | monthly | Dec 1992 - Jan 2025 |
United Arab Emirates (2005=100) | 129.0 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
United Kingdom (2005=100) | 87.7 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
United States (Jan2006=100) | 121.8 Feb 2025 | monthly | Jan 2006 - Feb 2025 |
Uruguay (2005=100) | 48.1 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
Zambia (2005=100) | 125.4 Nov 2024 | monthly | Jan 2013 - Nov 2024 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doNigeria Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.7 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Consolidated Fiscal Balance (USD mn) | -2,078.997 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
National Government Debt (USD mn) | 86,261.2 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
Government Debt: % of GDP (%) | 53.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Forecast: Government Expenditure (NGN bn) | 100,505.650 2029 | yearly | 1990 - 2029 |
Forecast: Government Net Debt (NGN bn) | 285,181.495 2029 | yearly | 1990 - 2029 |
Forecast: Government Revenue (NGN bn) | 72,588.069 2029 | yearly | 1990 - 2029 |
Federal Govt Balance (NGN bn) | -3,301.610 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Federal Govt Expenditure: Capital (NGN bn) | 1,415.860 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Federal Govt Expenditure: Recurrent (NGN bn) | 3,732.590 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Gross Federation Account Revenue (NGN bn) | 6,865.840 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Gross Federation Account Revenue: Oil (NGN bn) | 1,304.960 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Federal Govt Revenue (NGN bn) | 2,282.540 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Federal Govt Expenditure (NGN bn) | 5,584.150 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Government Debt: Domestic (NGN bn) | 69,219.806 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
Trade Balance (USD mn) | 1,027.6 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Exports (USD mn) | 3,738.1 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Exports Growth (%) | 56.4 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
Aluminum: Exports (USD th) | 187,832.450 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 1,530.686 2023 | yearly | 1995 - 2023 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 329.199 2023 | yearly | 1995 - 2023 |
Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
Total Imports Growth (%) | 62.9 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
Imports: Medicament (USD th) | 614,222.259 2023 | yearly | 1995 - 2023 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 227,440.624 2023 | yearly | 1995 - 2023 |
Total Exports to USA (USD mn) | 124.857 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Imports from USA (USD mn) | 275.937 Sep 2024 | monthly | Dec 2009 - Sep 2024 |
Total Exports to China (USD mn) | 105.763 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
Total Imports from China (USD mn) | 802.488 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
Imports (NGN mn) | 4,384,900.258 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Crude Oil (NGN mn) | 3,905,247.850 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Trade (NGN mn) | 10,432,090.965 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Growth Rate: MoM (%) | -17.535 Sep 2024 | monthly | Jan 2019 - Sep 2024 |
Exports: Growth Rate: MoM (%) | -17.669 Sep 2024 | monthly | Jan 2019 - Sep 2024 |
Exports: Europe: ow Netherlands (NGN mn) | 261,930.167 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: America: ow USA (NGN mn) | 201,983.472 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports (NGN mn) | 6,047,190.706 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Europe: ow UK (NGN mn) | 180,704.134 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
Imports: Europe: ow Germany (NGN mn) | 135,143.103 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Europe: ow Netherlands (NGN mn) | 201,091.335 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: America: ow USA (NGN mn) | 446,388.165 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Asia: ow China (NGN mn) | 1,298,198.961 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
Imports: Europe: ow UK (NGN mn) | 134,085.602 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Chemicals and Chemical Products (NGN mn) | 614,100.231 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Manufactured Goods (NGN mn) | 488,494.173 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 1,024,863.121 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Food and Live Animals (NGN mn) | 455,343.676 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Machinery and Transport Equipment (NGN mn) | 1,432,150.870 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
Foreign Direct Investment: % of GDP (%) | 1.3 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: % of GDP (%) | 4.3 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
External Debt (USD mn) | 43,026.6 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
Forecast: Current Account Balance (USD bn) | -5.481 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD mn) | -86,263.760 2023 | yearly | 2005 - 2023 |
External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
External Debt: Government (USD mn) | 43,026.550 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
External Debt: Government: International Capital Market (USD mn) | 15,118.350 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
Money Supply M1 (USD mn) | 24,967.124 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
Money Supply M2 (USD mn) | 75,096.954 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
M2 Growth (%) | 18.3 Jan 2025 | monthly | Nov 1993 - Jan 2025 |
Reserve Requirement Ratio (%) | 50.0 Feb 2025 | monthly | Nov 2005 - Feb 2025 |
Foreign Exchange Reserves (USD mn) | 40,380.0 Nov 2024 | monthly | Jan 1960 - Nov 2024 |
Foreign Exchange Reserves: % of GDP (%) | 18.573 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 14.5 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
Domestic Credit (USD mn) | 67,269.4 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
Domestic Credit Growth (%) | -0.6 Jan 2025 | monthly | Nov 1993 - Jan 2025 |
Private Debt: % of Nominal GDP (%) | 20.83 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Monetary Survey: Liabilities: Base Money (NGN mn) | 32,659,076.490 Jan 2025 | monthly | Jan 1993 - Jan 2025 |
Monetary Survey: Liabilities: M2: M1 (NGN mn) | 36,894,418.660 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 74,077,851.830 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
Monetary Survey: Liabilities: M2 (NGN mn) | 110,972,270.500 Jan 2025 | monthly | Nov 1992 - Jan 2025 |
Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 4.4 Nov 2024 | monthly | Jul 2015 - Nov 2024 |
More Indicators for Nigeria
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