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 75.9 in Oct 2024, compared with the number of 73.5 in the previous month.
- Nigeria Real Effective Exchange Rate data is updated monthly and averaged 701.5 from Dec 1979 to Oct 2024.
- The data reached an all-time high of 701.5 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 26.4 % pa in Oct 2024.
- The cash rate (Policy Rate: Month End) was set at 27.3 % pa in Oct 2024.
- Nigeria Exchange Rate against USD averaged 607.7 (USD/NGN) in Jun 2023.
View Nigeria's Real Effective Exchange Rate from Dec 1979 to Oct 2024 in the chart:
What was Nigeria's Real Effective Exchange Rate in Oct 2024?
Nigeria Real Effective Exchange Rate (REER: 2005=100: Month Avg: Nigeria) was 75.9 in Oct 2024, compared with the number of 73.5 in the previous month. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
75.9 Oct 2024 | 73.5 Sep 2024 | 51.4 Mar 1992 | 701.5 Sep 1984 | 2005=100 | monthly | Dec 1979 - Oct 2024 |
Real Effective Exchange Rate by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Algeria (2005=100) | 107.5 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Argentina (2005=100) | 50.6 Nov 2024 | monthly | Jan 1997 - Nov 2024 |
Armenia (2005=100) | 240.1 Oct 2024 | monthly | Jan 1997 - Oct 2024 |
Australia (2005=100) | 103.6 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Austria (2005=100) | 103.2 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Azerbaijan (2005=100) | 148.7 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
Bahrain (2005=100) | 94.2 Oct 2024 | monthly | Jan 1980 - Oct 2024 |
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) | 102.7 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Bolivia (2005=100) | 53.7 Sep 2024 | monthly | Jan 1991 - Sep 2024 |
Bosnia and Herzegovina (2005=100) | 96.9 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Botswana (Dec2018=100) | 97.1 Aug 2023 | monthly | Dec 2009 - Aug 2023 |
Brazil (2005=100) | 82.0 Sep 2024 | monthly | Jan 1988 - Sep 2024 |
Bulgaria (2005=100) | 129.1 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
Canada (2005=100) | 90.8 Sep 2024 | monthly | Jan 1999 - Sep 2024 |
Chile (2005=100) | 109.2 Oct 2024 | monthly | Jan 1986 - Oct 2024 |
China (2005=100) | 135.4 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Colombia (2005=100) | 120.2 Nov 2024 | monthly | Jan 1990 - Nov 2024 |
Croatia (2005=100) | 102.7 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Cyprus (2005=100) | 92.1 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Czech Republic (2005=100) | 152.4 May 2023 | monthly | Jan 1995 - May 2023 |
Denmark (2005=100) | 97.3 Sep 2024 | monthly | Jan 1970 - Sep 2024 |
Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
Estonia (2005=100) | 143.1 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
European Union (2005=100) | 91.2 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
Finland (2005=100) | 94.0 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
France (2005=100) | 90.5 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Georgia (2005=100) | 132.8 Oct 2024 | monthly | Dec 1995 - Oct 2024 |
Germany (2005=100) | 94.9 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Ghana (2005=100) | 62.3 Oct 2024 | monthly | Dec 1979 - Oct 2024 |
Greece (2005=100) | 94.1 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Hong Kong SAR, China (2005=100) | 110.2 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Hungary (2005=100) | 103.4 Oct 2024 | monthly | Jan 1990 - Oct 2024 |
Iceland (2005=100) | 91.7 Nov 2024 | monthly | Jan 1979 - Nov 2024 |
India (2005=100) | 117.8 Oct 2024 | monthly | Apr 2004 - Oct 2024 |
Indonesia (2005=100) | 113.8 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Iran (2005=100) | 901.3 Oct 2024 | monthly | Jan 1979 - Oct 2024 |
Ireland (2005=100) | 83.0 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Israel (2005=100) | 123.9 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Italy (2005=100) | 94.5 Jun 2023 | monthly | Jan 1993 - Jun 2023 |
Ivory Coast (2005=100) | 97.9 Oct 2024 | monthly | Dec 1979 - Oct 2024 |
Japan (2005=100) | 55.7 Oct 2024 | monthly | Jan 1970 - Oct 2024 |
Kazakhstan (2005=100) | 101.1 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
South Korea (2005=100) | 80.9 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Kosovo (Jan2007=100) | 118.2 Sep 2024 | monthly | Dec 2006 - Sep 2024 |
Kyrgyzstan (2005=100) | 142.5 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Latvia (2005=100) | 130.9 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Lithuania (2005=100) | 131.2 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Luxembourg (2005=100) | 97.9 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
North Macedonia (2005=100) | 111.5 May 2023 | monthly | Jan 1993 - May 2023 |
Malawi (2010=100) | 89.6 Oct 2024 | monthly | Dec 1979 - Oct 2024 |
Malaysia (2005=100) | 91.8 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Malta (2005=100) | 97.0 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Mexico (2005=100) | 101.9 Oct 2024 | monthly | Jan 1968 - Oct 2024 |
Moldova (2005=100) | 233.0 Oct 2024 | monthly | Nov 1993 - Oct 2024 |
Mongolia (2005=100) | 123.0 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Morocco (2005=100) | 98.7 Oct 2024 | monthly | Jan 1988 - Oct 2024 |
Netherlands (2005=100) | 98.2 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
New Zealand (2005=100) | 97.0 Oct 2024 | monthly | Jan 1984 - Oct 2024 |
Nigeria (2005=100) | 75.9 Oct 2024 | monthly | Dec 1979 - Oct 2024 |
Norway (2005=100) | 73.6 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Pakistan (2010=100) | 98.8 Dec 2023 | monthly | Jan 2013 - Dec 2023 |
Paraguay (2005=100) | 71.3 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
Peru (2005=100) | 92.0 Nov 2024 | monthly | Jan 1991 - Nov 2024 |
Philippines (2005=100) | 138.4 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
Poland (2005=100) | 115.2 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Portugal (2005=100) | 93.9 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Romania (2005=100) | 113.9 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Russia (2005=100) | 91.7 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Saudi Arabia (2005=100) | 127.9 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Serbia (2005=100) | 143.5 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
Singapore (2005=100) | 135.5 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Slovakia (2005=100) | 139.7 Nov 2024 | monthly | Jan 1993 - Nov 2024 |
Slovenia (2005=100) | 100.8 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
South Africa (2005=100) | 90.2 Sep 2024 | monthly | Jan 1970 - Sep 2024 |
Spain (2005=100) | 96.6 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Sri Lanka (2017=100) | 73.6 Oct 2024 | monthly | Jan 2013 - Oct 2024 |
Sweden (2005=100) | 77.5 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Switzerland (2005=100) | 114.9 Nov 2024 | monthly | Jan 1973 - Nov 2024 |
Taiwan (2005=100) | 92.9 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Thailand (2005=100) | 124.6 Oct 2024 | monthly | Jan 1994 - Oct 2024 |
Tunisia (2005=100) | 84.8 Oct 2024 | monthly | Jan 1979 - Oct 2024 |
Turkey (2005=100) | 59.5 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Ukraine (2005=100) | 83.8 Oct 2024 | monthly | Dec 1992 - Oct 2024 |
United Arab Emirates (2005=100) | 127.3 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
United Kingdom (2005=100) | 88.7 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
United States (Jan2006=100) | 119.8 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
Uruguay (2005=100) | 47.4 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
Zambia (2005=100) | 120.8 Jul 2024 | monthly | Jan 2013 - Jul 2024 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Consolidated Fiscal Balance (USD mn) | -3,274.101 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
National Government Debt (USD mn) | 88,444.7 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
Government Debt: % of GDP (%) | 52.8 Jun 2024 | quarterly | Dec 2010 - Jun 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) | -4,533.420 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure (NGN bn) | 6,838.960 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure: Capital (NGN bn) | 250.290 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Gross Federation Account Revenue (NGN bn) | 6,285.040 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Revenue (NGN bn) | 2,305.540 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Gross Federation Account Revenue: Oil (NGN bn) | 1,733.500 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Federal Govt Expenditure: Recurrent (NGN bn) | 6,152.970 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Government Debt: Domestic (NGN bn) | 66,957.878 Jun 2024 | quarterly | Dec 2005 - Jun 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 (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
Exports (NGN mn) | 6,047,190.706 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Europe: ow Netherlands (NGN mn) | 261,930.167 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Europe: ow UK (NGN mn) | 180,704.134 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: America: ow USA (NGN mn) | 201,983.472 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
Exports: Mineral Products (NGN mn) | 33,075,147.443 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 UK (NGN mn) | 134,085.602 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Europe: ow Germany (NGN mn) | 135,143.103 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: America: ow USA (NGN mn) | 446,388.165 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Europe: ow Netherlands (NGN mn) | 201,091.335 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: 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: Chemicals and Chemical Products (NGN mn) | 614,100.231 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 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 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) | 42,901.0 Jun 2024 | quarterly | Dec 2006 - Jun 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) | 42,901.010 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
External Debt: Government: International Capital Market (USD mn) | 15,118.350 Jun 2024 | quarterly | Mar 2011 - Jun 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) | 21,896.535 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Money Supply M2 (USD mn) | 67,150.889 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
M2 Growth (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
Reserve Requirement Ratio (%) | 50.0 Nov 2024 | monthly | Nov 2005 - Nov 2024 |
Foreign Exchange Reserves (USD mn) | 35,920.0 Aug 2024 | monthly | Jan 1960 - Aug 2024 |
Foreign Exchange Reserves: % of GDP (%) | 14.124 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 10.7 Aug 2024 | monthly | Jan 2003 - Aug 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) | 73,616.6 Sep 2024 | monthly | Nov 1992 - Sep 2024 |
Domestic Credit Growth (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
Private Debt: % of Nominal GDP (%) | 20.83 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,232,284.010 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
Monetary Survey: Liabilities: Base Money (NGN mn) | 26,891,229.280 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
Monetary Survey: Liabilities: M2: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Monetary Survey: Liabilities: M2 (NGN mn) | 107,182,219.490 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
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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