Nigeria Current Account to GDP 1980-2018 | Data | Chart | Calendar

Nigeria recorded a Current Account deficit of 1.80 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in Nigeria averaged 2.01 percent from 1980 until 2016, reaching an all time high of 32.80 percent in 2005 and a record low of -18.70 percent in 1986.

Nigeria Current Account to GDP
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 761029.15 566543.42 2177553.08 -592200.72 NGN Millions [+]
Exports 1398471.26 1334387.56 2648881.76 322.93 NGN Millions [+]
Imports 637442.11 767844.14 1554732.90 167.88 NGN Millions [+]
Current Account 3656.15 2292.79 10383.67 -5695.27 USD Million [+]
Current Account to GDP -1.80 -3.10 32.80 -18.70 percent [+]
Terms of Trade 110.30 104.66 160.25 49.48 Index Points [+]
Foreign Direct Investment 959.52 798.35 3084.90 501.83 USD Million [+]
Capital Flows -3858.67 3106.73 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.40 21.37 21.40 21.37 Tonnes [+]
Crude Oil Production 1686.00 1635.00 2475.00 675.00 BBL/D/1K [+]
External Debt 18913.44 15352.13 18913.44 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



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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -3.10 32.80 -18.70 1980 - 2016 percent Yearly




current account to GDP by Country
Country Last
Switzerland 11.00 Dec/16
Netherlands 10.20 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 3.70 Dec/16
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Spain 1.90 Dec/17
Russia 1.80 Dec/16
China 1.30 Dec/17
Brazil -0.48 Dec/17
India -0.70 Dec/16
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
United States -2.40 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
Turkey -3.80 Dec/16
United Kingdom -4.10 Dec/17


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