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Nigeria Current Account Value and percent from GDP

Nigeria Current Account Data

Indicator Data Period
Current Account to GDP -2.8 % 2021
Current Account 5069 USD Million | 5.069 B USD 2Q/22


Latest data on Current Account to GDP (%)

Current Account to GDP
                     Nigeria - Historical Data (%)

What is ratio of Nigeria Current Account to GDP?

  • The deficit of Current Account to GDP in Nigeria increased to 2.8 % in 2021. The maximum surplus was 32.8 % and deficit was -18.7 %
  • Data published Yearly by Central Bank.

Historical Data (%) by years

Data
Period
Date
-2.8 2021 28.06.2022
-4.2 2020 25.05.2021
-3.6 2019 16.07.2020
2.3 2018 29.10.2019
2 2017 19.06.2018
-1.8 2016 11.08.2017


Historical Chart by presidents (%)

Current Account to GDP in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - -1.8000 -1.8000 -1.8000 -1.8000 0.00%


Latest data on Current Account (USD Million)

Current Account
                     Nigeria - Historical Data (USD Million)

What is Nigeria Current Account Deficit?

  • The surplus of Current Account in Nigeria increased to 5069 USD Million (5.069 B USD) in the second quarter of 2022. The maximum value was 10384 USD Million and minimum was -6676 USD Million.
  • Data published Quarterly by Central Bank.

Historical Data (USD Million) by years

Data
Period
Date
5069 2Q/22 28.09.2022
2577 1Q/22 30.07.2022
3680 3Q/21 12.03.2022
-424 2Q/21 18.01.2022
-1751 1Q/21 14.07.2021
-5265 4Q/20 12.05.2021
-3338 3Q/20 23.01.2021
-3232 2Q/20 10.10.2020


Historical Chart by presidents (USD Million)

Current Account in Nigeria by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Muhammadu Buhari 29.05.2015 - 2911.1700 3656.0000 3656.1500 1414.2100 25.59%

Other trade indicators in Nigeria

Index Updated Actual Previous
Balance of Trade Sep/22 0.905 B USD -0.151
Capital Flows 2Q/22 3.07 B USD -0.785
Exports Sep/22 4.037 B USD 4.407
Foreign Exchange Reserves Nov/22 37.12 B USD 37.49
Imports Sep/22 3.132 B USD 4.558
Terms of Trade  Jun/22 101 in. pt. 101

Current Account to GDP in other countries

Country Updated Actual Previous
Egypt 2021 -4.6 % -3.1
Kenya 2021 -5.4 % -4.8
Madagascar 2021 -5.5 % -3.5
Zimbabwe 2021 -1.89 % -1.91
Tanzania 2021 -1.5 % -1.6
Togo 2021 -5 % -3
Tunisia 2021 -5.9 % -6
Nigeria 2021 -2.8 % -4.2
Sudan 2021 -10 % -8.3
Morocco 2021 -2.3 % -1.5
Senegal 2021 -10.4 % -10.9
Seychelles 2021 -20 % -22
South Africa 2021 3.7 % 2
Uganda 2020 -10.7 % -7
Rwanda 2021 -10.9 % -12.1
Liberia 2021 -17.4 % -16.1
Zambia 2021 11.1 % 12.2
Mozambique 2021 -23.8 % -30.4
Namibia 2021 -9.1 % 2.8
Ghana 2021 -2.1 % -3.1
Swaziland 2021 7.4 % 7
Libya 2021 21.6 % -20.7
Algeria 2021 -2.8 % -12.9
Angola 2021 12.4 % 1.6
Benin 2021 -4.5 % -1.7
Botswana 2021 -0.5 % -10.8
Burkina Faso 2021 5.2 % 3.8
Burundi 2021 -15 % -9.4
Central African Republic 2021 -9.6 % -7.2
Chad 2021 -3.9 % -8.1
Comoros 2021 0.5 % -1.8
Republic of the Congo 2021 15.5 % -0.2
Djibouti 2021 -0.7 % 11.3
Equatorial Guinea 2021 -3.4 % -4.2
Eritrea 2021 13.5 % 11.4
Ethiopia 2021 -3.2 % -4.6
Gabon 2021 0.3 % -6.1
Gambia 2021 -9.3 % -3.3
Guatemala 2021 2.5 % 4.9
Guinea 2021 -4 % -13.7
Guinea Bissau 2021 -6.9 % -3.7
Lesotho 2021 -2.8 % -2.1
Malawi 2021 -13.1 % -12.1
Mali 2021 -4.5 % -2.3
Mauritania 2021 -7.6 % -7.6
Niger 2021 -13.6 % -13.1
Sao Tome and Principe 2015 -24.7 % -31.7
Sierra Leone 2021 -13.9 % -16.7