Nigeria recorded a Current Account deficit of 2795.83 USD Million in the third quarter of 2019. Nigeria Current Account - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Current Account in Nigeria averaged 1984.04 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. This page provides - Nigeria Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Nigeria

Current Account in Nigeria is expected to be -3000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Nigeria to stand at 1000.00 in 12 months time. In the long-term, the Nigeria Current Account is projected to trend around 1400.00 USD Million in 2021 and 2400.00 USD Million in 2022, according to our econometric models.


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Nigeria Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-2795.83 -3771.99 10383.67 -5695.27 2005 - 2019 USD Million Quarterly


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).