Nigeria Current Account to GDP

Nigeria recorded a Current Account surplus of 2 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Nigeria averaged 2.01 percent from 1980 until 2017, reaching an all time high of 32.80 percent in 2005 and a record low of -18.70 percent in 1986.

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Nigeria Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	887641.12	768264.59	2177553.08	-592200.72	NGN Millions	[+]
Exports	1482223.15	1556488.15	2648881.76	322.93	NGN Millions	[+]
Imports	594582.03	788223.56	1554732.90	167.88	NGN Millions	[+]
Current Account	5735.86	3523.00	10383.67	-5695.27	USD Million	[+]
Current Account to GDP	2.00	-1.80	32.80	-18.70	percent	[+]
Terms of Trade	109.20	111.10	160.25	49.48	Index Points	[+]
Foreign Direct Investment	435.64	808.56	3084.90	435.64	USD Million	[+]
Capital Flows	1792.62	909.16	20302.97	-15439.95	USD Million	[+]
Gold Reserves	21.40	21.40	21.40	21.37	Tonnes	[+]
Crude Oil Production	1717.00	1670.00	2475.00	675.00	BBL/D/1K	[+]
External Debt	22083.44	22071.91	22083.44	3627.50	USD Million	[+]
Terrorism Index	9.01	9.31	9.31	3.86		[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Nigeria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.00	-1.80	32.80	-18.70	1980 - 2017	percent	Yearly

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Country	Last		Previous	Highest	Lowest
Singapore	19.50	Dec/17	19	26.1	-13.1	%	Yearly
Netherlands	10.20	Dec/17	8.5	10.4	-1	%	Yearly
Switzerland	9.80	Dec/17	9.4	14.8	-0.6	%	Yearly
Germany	8.00	Dec/17	8.5	8.9	-1.7	%	Yearly
South Korea	5.60	Dec/17	7	10.7	-10.5	%	Yearly
Japan	4.02	Dec/17	3.7	4.7	-1	%	Yearly
Euro Area	3.50	Dec/17	3.4	3.5	-1.5	%	Yearly
Italy	2.80	Dec/17	2.6	2.9	-3.7	%	Yearly
Russia	2.20	Dec/17	1.9	18	-1.4	%	Yearly
Saudi Arabia	2.20	Dec/17	-3.7	28.5	-21	%	Yearly
Spain	1.90	Dec/17	1.9	1.9	-9.6	%	Yearly
China	1.30	Dec/17	1.8	10.1	-3.7	%	Yearly
Brazil	-0.48	Dec/17	-1.3	1.8	-8.2	%	Yearly
France	-0.80	Dec/17	-0.9	3.4	-2.1	%	Yearly
Mexico	-1.60	Dec/17	-2.1	3.4	-6.1	%	Yearly
Indonesia	-1.70	Dec/17	-1.8	4.8	-6.8	%	Yearly
India	-1.90	Dec/17	-0.6	2.3	-4.8	%	Yearly
United States	-2.40	Dec/17	-2.4	0.2	-6	%	Yearly
South Africa	-2.50	Dec/17	-2.8	6	-7.5	%	Yearly
Canada	-3.00	Dec/17	-3.3	2.7	-4.2	%	Yearly
Australia	-3.10	Dec/17	-1.4	2.3	-7.3	%	Yearly
United Kingdom	-4.10	Dec/17	-5.8	2.6	-5.8	%	Yearly
Argentina	-4.80	Dec/17	-2.6	8	-4.8	%	Yearly
Turkey	-5.50	Dec/17	-3.8	2	-9	%	Yearly