Nigeria recorded a Current Account deficit of 2858.88 USD Million in the second quarter of 2019. Current Account in Nigeria averaged 2080.16 USD Million from 2005 until 2019, reaching an all time high of 10383.67 USD Million in the second quarter of 2008 and a record low of -5695.27 USD Million in the third quarter of 2015.

Nigeria Current Account
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 408661.17 -36900.36 2177553.08 -622103.84 NGN Millions [+]
Current Account -2858.88 -2818.95 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.30 2.80 32.80 -18.70 percent [+]
Imports 1042434.99 1547034.65 2209385.78 167.88 NGN Millions [+]
Exports 1451096.16 1510134.29 2648881.76 322.93 NGN Millions [+]
Terms of Trade 101.20 101.70 160.25 49.48 Index Points [+]
Foreign Direct Investment 909.54 1150.51 3084.90 314.44 USD Million [+]
Capital Flows -3297.03 -4696.54 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.46 21.50 21.50 21.37 Tonnes [+]
Crude Oil Production 1870.00 1760.00 2475.00 675.00 BBL/D/1K [+]
External Debt 25609.63 25274.36 25609.63 3627.50 USD Million [+]
Terrorism Index 8.66 9.01 9.31 3.86 [+]
Remittances 5916.57 5853.10 6270.24 3836.61 USD Million [+]


Nigeria Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Nigeria Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Current Account - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2858.88 -2818.95 10383.67 -5695.27 2005 - 2019 USD Million Quarterly




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 29.84 Jul/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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