Nigeria recorded a Current Account deficit of 2795.83 USD Million in the third quarter of 2019. Current Account in Nigeria averaged 1996.09 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. source: Central Bank of Nigeria
Current Account in Nigeria is expected to be 2150.00 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 2200.00 in 12 months time. In the long-term, the Nigeria Current Account is projected to trend around 3150.00 USD Million in 2020, according to our econometric models.