Nigeria Current Account Value and percent from GDP
Nigeria Current Account Data
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.3 % | 2022 |
| Current Account | 2490 USD Million | 2.49 B USD | 1Q/23 |
Latest data on Current Account to GDP (%)
What is ratio of Nigeria Current Account to GDP?
- The deficit of Current Account to GDP in Nigeria increased to 0.3 % in 2022. The maximum surplus was 32.8 % and deficit was -18.7 %
- Data published Yearly by Central Bank.
Historical Data (%) by years
Data
Period
Date
| -0.3 | 2022 | 13.04.2023 |
| -0.5 | 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)
What is Nigeria Current Account Deficit?
- The surplus of Current Account in Nigeria increased to 2490 USD Million (2.49 B USD) in the first quarter of 2023. 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
| 2490 | 1Q/23 | 25.09.2023 |
| 2348 | 4Q/22 | 07.09.2023 |
| -603 | 3Q/22 | 16.01.2023 |
| 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 |
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 | Jun/23 | 2.28 B USD | -0.856 |
| Capital Flows | 4Q/22 | 0.853 B USD | 2.692 |
| Exports | Jun/23 | 3.964 B USD | 2.46 |
| Foreign Exchange Reserves | Sep/23 | 33.25 B USD | 33.95 |
| Imports | Jun/23 | 1.684 B USD | 3.316 |
| Terms of Trade | Jun/23 | 101 in. pt. | 101 |
Current Account to GDP in other countries
| Country | Updated | Actual | Previous |
| Egypt | 2022 | -3.7 % | -4.6 |
| Kenya | 2022 | -5.1 % | -5.4 |
| Madagascar | 2021 | -5.8 % | -5.2 |
| Zimbabwe | 20 | 1 % | 2.9 |
| Tanzania | 2022 | -7.1 % | -3.4 |
| Togo | 2022 | -3.7 % | -0.9 |
| Tunisia | 2022 | -8.6 % | -6 |
| Nigeria | 2022 | -0.3 % | -0.5 |
| Sudan | 2022 | -3.4 % | -10 |
| Morocco | 2022 | -3.5 % | -2.3 |
| Senegal | 2022 | -17.5 % | -10.4 |
| Seychelles | 2022 | -8 % | -12 |
| South Africa | 2022 | -0.5 % | 3.7 |
| Uganda | 2022 | -8.6 % | -9.5 |
| Rwanda | 2022 | -11.6 % | -10.9 |
| Liberia | 2022 | -15.8 % | -17 |
| Zambia | 2022 | 3.9 % | 11.9 |
| Mozambique | 2022 | -39.1 % | -23.6 |
| Namibia | 2022 | -12.3 % | -9.9 |
| Ghana | 2022 | -2.1 % | -3.2 |
| Swaziland | 2021 | 6 % | 1.2 |
| Libya | 2022 | 23.3 % | 13.3 |
| Algeria | 2022 | 9.5 % | -2.8 |
| Angola | 2022 | 11.4 % | 11.2 |
| Benin | 2022 | -5.7 % | -4.5 |
| Botswana | 2022 | 2.2 % | -0.5 |
| Burkina Faso | 2022 | -5.2 % | 5.2 |
| Burundi | 2022 | -13.4 % | -11 |
| Central African Republic | 2022 | -13.8 % | -10.8 |
| Chad | 2022 | 0.5 % | -3.9 |
| Comoros | 2022 | -0.5 % | -0.3 |
| Republic of the Congo | 2022 | 19.2 % | 11.9 |
| Djibouti | 2022 | -5 % | -0.7 |
| Equatorial Guinea | 2022 | 3.9 % | -4 |
| Eritrea | 2022 | 12.2 % | 13.5 |
| Ethiopia | 2022 | -4.3 % | -3.2 |
| Gabon | 2022 | 1.2 % | -5.3 |
| Gambia | 2021 | -5.3 % | -5.1 |
| Guatemala | 2022 | 1.8 % | 2.5 |
| Guinea | 2021 | 28.83 % | 18.94 |
| Guinea Bissau | 2021 | -1.1 % | -3.7 |
| Lesotho | 2021 | -3.8 % | -1.8 |
| Malawi | 2022 | -2.8 % | -14.4 |
| Mali | 2022 | -7.2 % | -7.7 |
| Mauritania | 2022 | -14.3 % | -7.8 |
| Niger | 2022 | -15.1 % | -13.9 |
| Sao Tome and Principe | 2015 | -24.7 % | -31.7 |
| Sierra Leone | 2022 | -10.3 % | -13.9 |
