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Nigeria Current Account Value and percent from GDP

Nigeria Current Account Data

Indicator Data Period
Current Account to GDP -4.2 % 2020
Current Account 3680 USD Million | 3.68 B USD 3Q/21


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 decreased to 4.2 % in 2020. The maximum surplus was 32.8 % and deficit was -18.7 %
  • Data published Yearly by Central Bank.

Historical Data (%) by years

Data
Period
Date
-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 deficit of Current Account in Nigeria increased to 3680 USD Million (3.68 B USD) in the third quarter of 2021. 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
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
-4882 1Q/20 20.06.2020
-6953 4Q/19 04.04.2020


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 Dec/21 0.202 B USD -0.363
Capital Flows 3Q/21 2.574 B USD 2.106
Exports Dec/21 4.154 B USD 4.975
Foreign Exchange Reserves Apr/22 39.65 B USD 39.55
Imports Dec/21 3.952 B USD 5.338
Terms of Trade  Sep/21 101 in. pt. 102

Current Account to GDP in other countries

Country Updated Actual Previous
Egypt 2021 -4.6 % -3.1
Kenya 2021 -5.4 % -4.8
Madagascar 2020 -3.5 % -2.9
Zimbabwe 2020 -1.9 % 1.1
Tanzania 2020 -1.5 % -2.4
Togo 2020 -3.2 % -2.2
Tunisia 2021 -6.3 % -6.1
Nigeria 2020 -4.2 % -3.3
Sudan 2020 -12.6 % -15.1
Morocco 2021 -2.6 % -1.5
Senegal 2020 -10.3 % -7.9
Seychelles 2020 -27.4 % -16.5
South Africa 2021 3.7 % 2
Uganda 2020 -9.8 % -7.4
Rwanda 2020 -10 % -14.4
Liberia 2020 -17.8 % -21.4
Zambia 2020 12.2 % 0.6
Mozambique 2020 -30.8 % -19.9
Namibia 2020 1.9 % -1.7
Ghana 2020 -2.5 % -2.8
Swaziland 2020 7 % 4.3
Libya 2020 -7.9 % 6.4
Algeria 2020 -10.8 % -10
Angola 2021 12.4 % 1.6
Benin 2021 -4.5 % -1.7
Botswana 2020 -11.2 % -7.6
Burkina Faso 2020 1.2 % -3.4
Burundi 2020 -9.4 % -10.3
Central African Republic 2021 -9.6 % -7.2
Chad 2021 -10.9 % -14.7
Comoros 2020 -3.3 % -3.2
Republic of the Congo 2019 8.2 % 6.7
Djibouti 2020 2.9 % 17.6
Equatorial Guinea 2020 -8.4 % -5.6
Eritrea 2020 10.1 % 12.1
Ethiopia 2020 -4.4 % -5.3
Gabon 2021 0.3 % -6.1
Gambia 2020 -8.6 % -5.3
Guatemala 2020 5.5 % 2.3
Guinea 2020 30.8 % 4
Guinea Bissau 2020 -8.6 % -8.9
Lesotho 2020 -2.1 % -3.4
Malawi 2020 -12.7 % -16.1
Mali 2020 -1.7 % -4.2
Mauritania 2020 -7 % -11
Niger 2020 -12 % -12.5
Sao Tome and Principe 2015 -24.7 % -31.7
Sierra Leone 2020 -15.6 % -13.5