Nigeria recorded a Current Account deficit of 1087.90 USD Million in the first quarter of 2019. Current Account in Nigeria averaged 2199.27 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 450034.62 503798.02 2177553.08 -622103.84 NGN Millions [+]
Current Account -1087.90 1104.57 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Imports 1001962.25 929475.94 2209385.78 167.88 NGN Millions [+]
Exports 1451996.87 1433273.96 2648881.76 322.93 NGN Millions [+]
Terms of Trade 95.10 99.60 160.25 49.48 Index Points [+]
Foreign Direct Investment 1150.51 314.44 3084.90 314.44 USD Million [+]
Capital Flows -4882.78 -2327.91 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.40 21.50 21.37 Tonnes [+]
Crude Oil Production 1754.00 1713.00 2475.00 675.00 BBL/D/1K [+]
External Debt 21591.68 29591.68 29591.68 3627.50 USD Million [+]
Terrorism Index 8.66 9.01 9.31 3.86 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1087.90 1104.57 10383.67 -5695.27 2005 - 2019 USD Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -2900.00 Mar/19
Brazil -62.00 Apr/19
Canada -17347.00 Mar/19
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -846.00 Apr/19
Germany 22600.00 Apr/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 1707.39 Apr/19
Mexico -5634.10 Mar/19
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea -660.00 Apr/19
Spain 26.00 Mar/19
Switzerland 15181.70 Dec/18
Turkey -1334.00 Apr/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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