Nigeria Balance of Payments: Current Account
Nigeria NG: BOP: Current Account: Balance
NG: BOP: Current Account: Balance data was reported at 10.381 USD bn in 2017. This records an increase from the previous number of 2.714 USD bn for 2016. NG: BOP: Current Account: Balance data is updated yearly, averaging 1.203 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 36.529 USD bn in 2005 and a record low of -16.019 USD bn in 2015. NG: BOP: Current Account: Balance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 10,381.20 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Balance from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Balance: % of GDP
NG: BOP: Current Account: Balance: % of GDP data was reported at 2.763 % in 2017. This records an increase from the previous number of 0.671 % for 2016. NG: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging 2.763 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 32.543 % in 2005 and a record low of -14.168 % in 1982. NG: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 2.76 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Balance: % of GDP from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Charges for the Use of Intellectual Property: Payments
NG: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data was reported at 252.424 USD mn in 2017. This records a decrease from the previous number of 252.613 USD mn for 2016. NG: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data is updated yearly, averaging 172.689 USD mn from Dec 1980 (Median) to 2017, with 21 observations. The data reached an all-time high of 259.310 USD mn in 2015 and a record low of 1.140 USD mn in 1986. NG: BOP: Current Account: Charges for the Use of Intellectual Property: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 252.42 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Charges for the Use of Intellectual Property: Payments from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts
NG: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data was reported at 7.828 USD mn in 1984. This records an increase from the previous number of 6.902 USD mn for 1983. NG: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data is updated yearly, averaging 8.368 USD mn from Dec 1981 (Median) to 1984, with 4 observations. The data reached an all-time high of 21.046 USD mn in 1981 and a record low of 6.902 USD mn in 1983. NG: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 0.00 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Charges for the Use of Intellectual Property: Receipts from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Exports: Goods
NG: BOP: Current Account: Exports: Goods data was reported at 45.742 USD bn in 2017. This records an increase from the previous number of 34.673 USD bn for 2016. NG: BOP: Current Account: Exports: Goods data is updated yearly, averaging 15.614 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 99.052 USD bn in 2011 and a record low of 2.556 USD bn in 1998. NG: BOP: Current Account: Exports: Goods data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Goods exports refer to all movable goods (including nonmonetary gold and net exports of goods under merchanting) involved in a change of ownership from residents to nonresidents. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. Merchanting is reclassified from services to goods.
| Last | Frequency | Range |
|---|---|---|
| 45,741.94 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Exports: Goods from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Exports: Goods and Services
NG: BOP: Current Account: Exports: Goods and Services data was reported at 50.764 USD bn in 2017. This records an increase from the previous number of 38.413 USD bn for 2016. NG: BOP: Current Account: Exports: Goods and Services data is updated yearly, averaging 17.760 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 102.438 USD bn in 2011 and a record low of 2.808 USD bn in 1998. NG: BOP: Current Account: Exports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 50,764.16 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Exports: Goods and Services from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Exports: Goods, Services and Primary Income
NG: BOP: Current Account: Exports: Goods, Services and Primary Income data was reported at 52.327 USD bn in 2017. This records an increase from the previous number of 39.663 USD bn for 2016. NG: BOP: Current Account: Exports: Goods, Services and Primary Income data is updated yearly, averaging 18.023 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 103.336 USD bn in 2011 and a record low of 2.903 USD bn in 1998. NG: BOP: Current Account: Exports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Exports of goods, services and primary income is the sum of goods exports, service exports and primary income receipts. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 52,327.01 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Exports: Goods, Services and Primary Income from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Exports: Service
NG: BOP: Current Account: Exports: Service data was reported at 5.022 USD bn in 2017. This records an increase from the previous number of 3.740 USD bn for 2016. NG: BOP: Current Account: Exports: Service data is updated yearly, averaging 1.053 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 5.022 USD bn in 2017 and a record low of 189.062 USD mn in 1995. NG: BOP: Current Account: Exports: Service data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. Manufacturing services on physical inputs owned by others (goods for processing in BPM5) and maintenance and repair services n.i.e. are reclassified from goods to services.
| Last | Frequency | Range |
|---|---|---|
| 5,022.22 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Exports: Service from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports
NG: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data was reported at 16.298 % in 2017. This records a decrease from the previous number of 18.195 % for 2016. NG: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data is updated yearly, averaging 33.109 % from Dec 1977 (Median) to 2017, with 40 observations. The data reached an all-time high of 95.965 % in 1989 and a record low of 6.494 % in 1980. NG: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 16.30 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Exports: Service: Communications, Computer, etc: % of Service Exports from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports
NG: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data was reported at 7.176 % in 2017. This records a decrease from the previous number of 8.754 % for 2016. NG: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data is updated yearly, averaging 0.850 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 9.339 % in 2015 and a record low of 0.113 % in 2003. NG: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 7.18 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Exports: Service: Insurance and Financial Services: % of Service Exports from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Exports: Service: Transport: % of Service Exports
NG: BOP: Current Account: Exports: Service: Transport: % of Service Exports data was reported at 25.853 % in 2017. This records a decrease from the previous number of 44.461 % for 2016. NG: BOP: Current Account: Exports: Service: Transport: % of Service Exports data is updated yearly, averaging 36.303 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 80.893 % in 1980 and a record low of 2.879 % in 1989. NG: BOP: Current Account: Exports: Service: Transport: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 25.85 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Exports: Service: Transport: % of Service Exports from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Exports: Service: Travel: % of Service Exports
NG: BOP: Current Account: Exports: Service: Travel: % of Service Exports data was reported at 50.673 % in 2017. This records an increase from the previous number of 28.590 % for 2016. NG: BOP: Current Account: Exports: Service: Travel: % of Service Exports data is updated yearly, averaging 9.156 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 71.754 % in 1986 and a record low of 0.632 % in 2004. NG: BOP: Current Account: Exports: Service: Travel: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 50.67 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Exports: Service: Travel: % of Service Exports from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Imports: Goods
NG: BOP: Current Account: Imports: Goods data was reported at 32.616 USD bn in 2017. This records a decrease from the previous number of 35.212 USD bn for 2016. NG: BOP: Current Account: Imports: Goods data is updated yearly, averaging 11.436 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 66.223 USD bn in 2011 and a record low of 2.017 USD bn in 1996. NG: BOP: Current Account: Imports: Goods data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Goods imports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from nonresidents to residents. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 32,615.57 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Imports: Goods from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Imports: Goods and Services
NG: BOP: Current Account: Imports: Goods and Services data was reported at 50.850 USD bn in 2017. This records an increase from the previous number of 46.960 USD bn for 2016. NG: BOP: Current Account: Imports: Goods and Services data is updated yearly, averaging 15.253 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 90.794 USD bn in 2011 and a record low of 3.530 USD bn in 1996. NG: BOP: Current Account: Imports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 50,850.06 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Imports: Goods and Services from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Imports: Goods, Services and Primary Income
NG: BOP: Current Account: Imports: Goods, Services and Primary Income data was reported at 63.905 USD bn in 2017. This records an increase from the previous number of 56.818 USD bn for 2016. NG: BOP: Current Account: Imports: Goods, Services and Primary Income data is updated yearly, averaging 15.965 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 114.474 USD bn in 2011 and a record low of 4.513 USD bn in 1996. NG: BOP: Current Account: Imports: Goods, Services and Primary Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Imports of goods, services and primary income is the sum of goods imports, service imports and primary income payments. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 63,905.14 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Imports: Goods, Services and Primary Income from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Imports: Service
NG: BOP: Current Account: Imports: Service data was reported at 18.234 USD bn in 2017. This records an increase from the previous number of 11.748 USD bn for 2016. NG: BOP: Current Account: Imports: Service data is updated yearly, averaging 3.476 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 24.684 USD bn in 2014 and a record low of 804.061 USD mn in 1988. NG: BOP: Current Account: Imports: Service data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Gap-filled total; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. Manufacturing services on physical inputs owned by others (goods for processing in BPM5) and maintenance and repair services n.i.e. are reclassified from goods to services.
| Last | Frequency | Range |
|---|---|---|
| 18,234.49 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Imports: Service from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports
NG: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data was reported at 35.477 % in 2017. This records an increase from the previous number of 31.553 % for 2016. NG: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data is updated yearly, averaging 40.743 % from Dec 1977 (Median) to 2017, with 40 observations. The data reached an all-time high of 62.608 % in 1996 and a record low of 17.242 % in 1991. NG: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Communications, computer, information, and other services cover international telecommunications; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; manufacturing services on physical inputs owned by others; and maintenance and repair services and government services not included elsewhere.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 35.48 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Imports: Service: Communications, Computer, etc: % of Service Imports from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports
NG: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data was reported at 7.404 % in 2017. This records a decrease from the previous number of 9.035 % for 2016. NG: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data is updated yearly, averaging 3.241 % from Dec 1977 (Median) to 2017, with 39 observations. The data reached an all-time high of 9.035 % in 2016 and a record low of 0.449 % in 2005. NG: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 7.40 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Imports: Service: Insurance and Financial Services: % of Service Imports from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Imports: Service: Transport: % of Service Imports
NG: BOP: Current Account: Imports: Service: Transport: % of Service Imports data was reported at 25.379 % in 2017. This records a decrease from the previous number of 50.234 % for 2016. NG: BOP: Current Account: Imports: Service: Transport: % of Service Imports data is updated yearly, averaging 35.487 % from Dec 1977 (Median) to 2017, with 40 observations. The data reached an all-time high of 53.207 % in 1988 and a record low of 9.406 % in 1996. NG: BOP: Current Account: Imports: Service: Transport: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 25.38 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Imports: Service: Transport: % of Service Imports from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Imports: Service: Travel: % of Service Imports
NG: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 31.740 % in 2017. This records an increase from the previous number of 9.178 % for 2016. NG: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 22.590 % from Dec 1977 (Median) to 2017, with 40 observations. The data reached an all-time high of 40.115 % in 2008 and a record low of 3.618 % in 2005. NG: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 31.74 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Imports: Service: Travel: % of Service Imports from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Net Trade: Goods
NG: BOP: Current Account: Net Trade: Goods data was reported at 13.126 USD bn in 2017. This records an increase from the previous number of -538.138 USD mn for 2016. NG: BOP: Current Account: Net Trade: Goods data is updated yearly, averaging 4.611 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 45.922 USD bn in 2008 and a record low of -6.721 USD bn in 2015. NG: BOP: Current Account: Net Trade: Goods data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Net trade in goods is the difference between exports and imports of goods. Trade in services is not included. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 13,126.36 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Net Trade: Goods from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Net Trade: Goods and Services
NG: BOP: Current Account: Net Trade: Goods and Services data was reported at -85.906 USD mn in 2017. This records an increase from the previous number of -8.546 USD bn for 2016. NG: BOP: Current Account: Net Trade: Goods and Services data is updated yearly, averaging 2.507 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 24.367 USD bn in 2005 and a record low of -23.642 USD bn in 2015. NG: BOP: Current Account: Net Trade: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| -85.91 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Net Trade: Goods and Services from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Personal Remittances: Paid
NG: BOP: Current Account: Personal Remittances: Paid data was reported at 274.908 USD mn in 2017. This records a decrease from the previous number of 744.092 USD mn for 2016. NG: BOP: Current Account: Personal Remittances: Paid data is updated yearly, averaging 50.483 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 1.072 USD bn in 2015 and a record low of 0.547 USD mn in 1996. NG: BOP: Current Account: Personal Remittances: Paid data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. 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.; ; World Bank staff estimates based on IMF balance of payments data.; Sum; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 274.91 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Personal Remittances: Paid from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Personal Remittances: Received
NG: BOP: Current Account: Personal Remittances: Received data was reported at 22.001 USD bn in 2017. This records an increase from the previous number of 19.679 USD bn for 2016. NG: BOP: Current Account: Personal Remittances: Received data is updated yearly, averaging 585.738 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 22.001 USD bn in 2017 and a record low of 2.425 USD mn in 1988. NG: BOP: Current Account: Personal Remittances: Received data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Balance of Payments: Current Account. 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.; ; World Bank staff estimates based on IMF balance of payments data.; Sum; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 22,000.71 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Personal Remittances: Received from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Personal Remittances: Received: % of GDP
NG: BOP: Current Account: Personal Remittances: Received: % of GDP data was reported at 5.855 % in 2017. This records an increase from the previous number of 4.863 % for 2016. NG: BOP: Current Account: Personal Remittances: Received: % of GDP data is updated yearly, averaging 1.635 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 13.043 % in 2005 and a record low of 0.009 % in 1978. NG: BOP: Current Account: Personal Remittances: Received: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. 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.; ; World Bank staff estimates based on IMF balance of payments data, and World Bank and OECD GDP estimates.; Weighted average; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).
| Last | Frequency | Range |
|---|---|---|
| 5.85 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Personal Remittances: Received: % of GDP from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Personal Transfers: Receipts
NG: BOP: Current Account: Personal Transfers: Receipts data was reported at 21.766 USD bn in 2017. This records an increase from the previous number of 19.488 USD bn for 2016. NG: BOP: Current Account: Personal Transfers: Receipts data is updated yearly, averaging 585.738 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 21.766 USD bn in 2017 and a record low of 2.425 USD mn in 1988. NG: BOP: Current Account: Personal Transfers: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. 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. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 21,765.77 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Personal Transfers: Receipts from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Primary Income: Net
NG: BOP: Current Account: Primary Income: Net data was reported at -11.492 USD bn in 2017. This records a decrease from the previous number of -8.609 USD bn for 2016. NG: BOP: Current Account: Primary Income: Net data is updated yearly, averaging -2.670 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of -228.249 USD mn in 1978 and a record low of -25.521 USD bn in 2013. NG: BOP: Current Account: Primary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| -11,492.22 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Primary Income: Net from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Primary Income: Payments
NG: BOP: Current Account: Primary Income: Payments data was reported at 13.055 USD bn in 2017. This records an increase from the previous number of 9.858 USD bn for 2016. NG: BOP: Current Account: Primary Income: Payments data is updated yearly, averaging 2.854 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 26.401 USD bn in 2013 and a record low of 517.888 USD mn in 1978. NG: BOP: Current Account: Primary Income: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 13,055.08 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Primary Income: Payments from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Primary Income: Receipts
NG: BOP: Current Account: Primary Income: Receipts data was reported at 1.563 USD bn in 2017. This records an increase from the previous number of 1.249 USD bn for 2016. NG: BOP: Current Account: Primary Income: Receipts data is updated yearly, averaging 211.081 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 2.564 USD bn in 2007 and a record low of 31.350 USD mn in 1995. NG: BOP: Current Account: Primary Income: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 1,562.86 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Primary Income: Receipts from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Secondary Income: Net
NG: BOP: Current Account: Secondary Income: Net data was reported at 21.959 USD bn in 2017. This records an increase from the previous number of 19.869 USD bn for 2016. NG: BOP: Current Account: Secondary Income: Net data is updated yearly, averaging 752.725 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 21.959 USD bn in 2017 and a record low of -576.099 USD mn in 1980. NG: BOP: Current Account: Secondary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 21,959.33 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Secondary Income: Net from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Secondary Income: Other Sectors: Payments
NG: BOP: Current Account: Secondary Income: Other Sectors: Payments data was reported at 520.785 USD mn in 2017. This records a decrease from the previous number of 1.045 USD bn for 2016. NG: BOP: Current Account: Secondary Income: Other Sectors: Payments data is updated yearly, averaging 129.431 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 1.858 USD bn in 2015 and a record low of 0.547 USD mn in 1996. NG: BOP: Current Account: Secondary Income: Other Sectors: Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 520.78 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Secondary Income: Other Sectors: Payments from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Secondary Income: Receipts
NG: BOP: Current Account: Secondary Income: Receipts data was reported at 22.480 USD bn in 2017. This records an increase from the previous number of 20.921 USD bn for 2016. NG: BOP: Current Account: Secondary Income: Receipts data is updated yearly, averaging 856.545 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 22.686 USD bn in 2015 and a record low of 4.482 USD mn in 1987. NG: BOP: Current Account: Secondary Income: Receipts data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Sum; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 22,480.11 2017 | yearly | 1977 - 2017 |
View Nigeria's Nigeria NG: BOP: Current Account: Secondary Income: Receipts from 1977 to 2017 in the chart:
Nigeria NG: BOP: Current Account: Trade in Services: % of GDP
NG: BOP: Current Account: Trade in Services: % of GDP data was reported at 6.189 % in 2017. This records an increase from the previous number of 3.827 % for 2016. NG: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 7.950 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 24.628 % in 1993 and a record low of 3.827 % in 2016. NG: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
| Last | Frequency | Range |
|---|---|---|
| 6.19 2017 | yearly | 1977 - 2017 |