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.

Current Account to GDP in Nigeria is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Current Account to GDP is projected to trend around 1.10 percent in 2020, according to our econometric models.

Nigeria Current Account to GDP
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 450034.62 503798.02 2177553.08 -622103.84 NGN Millions [+]
Current Account -1087.90 1104.57 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Imports 1001962.25 929475.94 2209385.78 167.88 NGN Millions [+]
Exports 1451996.87 1433273.96 2648881.76 322.93 NGN Millions [+]
Terms of Trade 95.10 99.60 160.25 49.48 Index Points [+]
Foreign Direct Investment 1150.51 314.44 3084.90 314.44 USD Million [+]
Capital Flows -4882.78 -2327.91 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.50 21.40 21.50 21.37 Tonnes [+]
Crude Oil Production 1956.00 1649.00 2475.00 675.00 BBL/D/1K [+]
External Debt 25609.63 21591.68 29591.68 3627.50 USD Million [+]
Terrorism Index 8.66 9.01 9.31 3.86 [+]

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



Nigeria Current Account to GDP

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 July of 2019.

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




Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 3.00 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -2.60 Dec/18
Indonesia -3.00 Dec/18
South Africa -3.50 Dec/18
Turkey -3.50 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18


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