Nigeria recorded a Current Account deficit of 1750.64 USD Million in the first quarter of 2021. source: Central Bank of Nigeria

Current Account in Nigeria averaged 1364.44 USD Million from 2005 until 2021, reaching an all time high of 10383.67 USD Million in the second quarter of 2008 and a record low of -6676.40 USD Million in the fourth quarter of 2019. This page provides - Nigeria Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Current Account - values, historical data and charts - was last updated on January of 2022.

Current Account in Nigeria is expected to be -4800.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Current Account is projected to trend around -4000.00 USD Million in 2022 and -4800.00 USD Million in 2023, according to our econometric models.

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Nigeria Current Account

Nigeria Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-424.37 -2097.46 10383.67 -6676.40 2005 - 2021 USD Million Quarterly

Related Last Previous Unit Reference
Current Account -424.37 -2097.46 USD Million Jun/21
Current Account to GDP -4.20 -3.30 percent of GDP Dec/20
Foreign Direct Investment 1563.64 2138.38 USD Million Jun/21
Capital Flows 2105.55 1791.64 USD Million Jun/21
Remittances 4922.23 4278.12 USD Million Jun/21