Nigeria Current Account Balance

2014 - 2024 | Quarterly | USD mn | Central Bank of Nigeria

Key information about Nigeria Current Account Balance

  • Nigeria Current Account recorded a surplus of 5.1 USD bn in Jun 2024, compared with a surplus of 3.4 USD bn in the previous quarter.
  • Nigeria Current Account Balance: USD mn data is updated quarterly, available from Mar 2014 to Jun 2024, with an averaged value of 330.3 USD mn.
  • The data reached an all-time high of 5.2 USD bn in Jun 2018 and a record low of -6.1 USD bn in Dec 2019.
  • Foreign Direct Investment (FDI) increased by 1.2 USD bn in Mar 2023.
  • Nigeria Direct Investment Abroad fell by 831.3 USD mn in Jun 2024.
  • Its Foreign Portfolio Investment increased by 4.4 USD bn in Jun 2024.
  • The country's Nominal GDP was reported at 111.3 USD bn in Mar 2023.

View Nigeria's Current Account Balance from Mar 2014 to Jun 2024 in the chart:

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Nigeria Current Account Balance
Get this data
Nigeria Current Account Balance

What was Nigeria's Current Account Balance in Jun 2024?

Nigeria Current Account recorded a surplus of 5.1 USD bn in Jun 2024, compared with a surplus of 3.4 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
5,142.5 Jun 2024 3,379.1 Mar 2024 -6,119.5 Dec 2019 5,185.9 Jun 2018 USD mn quarterly Mar 2014 - Jun 2024

Current Account Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -145.1 Mar 2023 quarterly Mar 1993 - Mar 2023
Algeria (USD mn) -2,970.0 Dec 2019 quarterly Mar 2007 - Dec 2019
Argentina (USD mn) 1,400.7 Sep 2024 quarterly Mar 1976 - Sep 2024
Armenia (USD mn) -258.7 Sep 2024 quarterly Mar 1993 - Sep 2024
Australia (USD mn) -8,177.2 Dec 2024 quarterly Sep 1959 - Dec 2024
Austria (USD mn) 5,171.8 Mar 2023 quarterly Mar 1970 - Mar 2023
Azerbaijan (USD mn) 1,327.6 Sep 2024 quarterly Mar 2013 - Sep 2024
Bahrain (USD mn) 395.1 Sep 2024 quarterly Mar 2018 - Sep 2024
Bangladesh (USD mn) 306.1 Nov 2024 monthly Jul 1997 - Nov 2024
Belarus (USD mn) -1,726.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Belgium (USD mn) -1,705.2 Dec 2022 monthly Jan 1995 - Dec 2022
Bolivia (USD mn) -175.3 Sep 2024 quarterly Mar 1988 - Sep 2024
Bosnia and Herzegovina (USD mn) -52.0 Sep 2024 quarterly Mar 2001 - Sep 2024
Botswana (USD mn) -44.3 Dec 2022 quarterly Mar 2004 - Dec 2022
Brazil (USD mn) -8,655.2 Jan 2025 monthly Jan 1995 - Jan 2025
Brunei (USD mn) -615.1 Dec 2020 quarterly Mar 2001 - Dec 2020
Bulgaria (USD mn) 351.4 Apr 2023 monthly Jan 1996 - Apr 2023
Cambodia (USD mn) 991.3 Sep 2024 quarterly Mar 1994 - Sep 2024
Canada (USD mn) -4,560.8 Mar 2023 quarterly Mar 1957 - Mar 2023
Chile (USD mn) -3,139.6 Sep 2024 quarterly Mar 2003 - Sep 2024
China (USD mn) 147,580.2 Sep 2024 quarterly Mar 1998 - Sep 2024
Colombia (USD mn) -2,240.3 Dec 2024 quarterly Mar 1996 - Dec 2024
Croatia (USD mn) -1,465.3 Dec 2022 quarterly Mar 1993 - Dec 2022
Cyprus (USD mn) -178.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Czech Republic (USD mn) 782.0 Apr 2023 monthly Jan 2003 - Apr 2023
Denmark (USD mn) 5,296.0 Apr 2023 monthly Jan 2005 - Apr 2023
Ecuador (USD mn) 1,473.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Egypt (USD mn) -5,909.6 Sep 2024 quarterly Dec 1993 - Sep 2024
Estonia (USD mn) 94.3 Apr 2023 monthly Jan 1999 - Apr 2023
European Union (USD mn) 133,240.7 Dec 2024 quarterly Mar 1999 - Dec 2024
Finland (USD mn) -1,912.9 Apr 2023 monthly Jan 1980 - Apr 2023
France (USD mn) -2,303.2 Jan 2025 monthly Jan 1999 - Jan 2025
Georgia (USD mn) -200.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Germany (USD mn) 16,462.0 Dec 2024 monthly Jan 1991 - Dec 2024
Ghana (USD mn) 1,417.8 Dec 2024 quarterly Mar 2005 - Dec 2024
Greece (USD mn) -3,772.1 Dec 2024 monthly Jan 2000 - Dec 2024
Hong Kong SAR, China (USD mn) 15,372.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Hungary (USD mn) 746.0 Sep 2024 quarterly Dec 1989 - Sep 2024
Iceland (USD mn) -71.2 Mar 2023 quarterly Mar 1976 - Mar 2023
India (USD mn) -11,156.8 Sep 2024 quarterly Jun 1949 - Sep 2024
Indonesia (USD mn) -1,144.8 Dec 2024 quarterly Mar 1981 - Dec 2024
Iran (USD mn) 14,204.8 2023 yearly 1997 - 2023
Ireland (USD mn) 14,845.9 Mar 2023 quarterly Mar 1981 - Mar 2023
Israel (USD mn) 2,980.3 Dec 2024 quarterly Mar 1992 - Dec 2024
Italy (USD mn) -1,662.6 Apr 2023 monthly Jan 1970 - Apr 2023
Ivory Coast (USD mn) -4,378.2 2023 yearly 1975 - 2023
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (USD mn) -1,007.6 Mar 2023 quarterly Mar 1977 - Mar 2023
Kazakhstan (USD mn) 63.7 Sep 2024 quarterly Dec 1997 - Sep 2024
Kenya (USD mn) -266.0 Jun 2024 monthly Jan 2002 - Jun 2024
South Korea (USD mn) 10,079.7 Jan 2025 monthly Jan 1980 - Jan 2025
Kosovo (USD mn) -526.6 Dec 2024 quarterly Mar 2009 - Dec 2024
Kuwait (USD mn) 12,143.8 Sep 2024 quarterly Mar 2012 - Sep 2024
Kyrgyzstan (USD mn) -1,294.6 Dec 2022 quarterly Mar 1993 - Dec 2022
Laos (USD mn) 64.4 Sep 2024 quarterly Mar 1994 - Sep 2024
Latvia (USD mn) 23.0 Apr 2023 monthly Jan 2000 - Apr 2023
Lebanon (USD mn) -227.4 Dec 2023 monthly Jan 2002 - Dec 2023
Lithuania (USD mn) 65.8 Dec 2024 monthly Jan 2001 - Dec 2024
Luxembourg (USD mn) 2,429.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Macau SAR, China (USD mn) 14,379.7 2023 yearly 2002 - 2023
North Macedonia (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Malawi (USD mn) -2,276.0 2023 yearly 1977 - 2023
Malaysia (USD mn) 2,598.3 Dec 2024 quarterly Mar 1999 - Dec 2024
Malta (USD mn) 495.9 Sep 2024 quarterly Mar 1995 - Sep 2024
Mauritius (USD mn) -183.0 Sep 2023 quarterly Mar 2017 - Sep 2023
Mexico (USD mn) -14,282.0 Mar 2023 quarterly Mar 1980 - Mar 2023
Moldova (USD mn) -886.9 Sep 2024 quarterly Mar 1994 - Sep 2024
Mongolia (USD mn) -521.9 Jan 2025 monthly Jan 2009 - Jan 2025
Montenegro (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Morocco (USD mn) -811.5 Sep 2024 quarterly Mar 2014 - Sep 2024
Mozambique (USD mn) -629.1 Dec 2024 quarterly Mar 1996 - Dec 2024
Myanmar (USD mn) 295.8 Mar 2024 quarterly Mar 1976 - Mar 2024
Nepal (USD mn) 267.8 Jan 2025 quarterly Oct 2000 - Jan 2025
Netherlands (USD mn) 27,762.5 Mar 2023 quarterly Mar 1967 - Mar 2023
New Zealand (USD mn) -5,231.7 Mar 2023 quarterly Jun 1971 - Mar 2023
Nigeria (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Oman (USD mn) 2,637.2 2023 yearly 1974 - 2023
Pakistan (USD mn) 1,504.0 Dec 2024 quarterly Mar 1976 - Dec 2024
Palestinian Territory (USD mn) -870.0 Sep 2024 quarterly Mar 2011 - Sep 2024
Panama (USD mn) 824.1 Sep 2024 quarterly Mar 1998 - Sep 2024
Paraguay (USD mn) -388.1 Sep 2024 quarterly Mar 2008 - Sep 2024
Peru (USD mn) 2,260.9 Dec 2024 quarterly Mar 1977 - Dec 2024
Philippines (USD mn) -2,198.3 Sep 2024 monthly Jan 1999 - Sep 2024
Poland (USD mn) -554.0 Nov 2024 monthly Jan 2000 - Nov 2024
Portugal (USD mn) -276.6 Dec 2024 monthly Jan 1996 - Dec 2024
Qatar (USD mn) 10,114.0 Sep 2024 quarterly Mar 2011 - Sep 2024
Romania (USD mn) -3,074.6 Dec 2024 monthly Jun 2002 - Dec 2024
Russia (USD mn) -700.0 Jan 2025 monthly Jan 2012 - Jan 2025
Saudi Arabia (USD mn) -8,790.1 Sep 2024 quarterly Mar 2006 - Sep 2024
Serbia (USD mn) -980.3 Dec 2024 monthly Jan 2013 - Dec 2024
Singapore (USD mn) 21,619.8 Dec 2024 quarterly Mar 1986 - Dec 2024
Slovakia (USD mn) -1,303.9 Dec 2024 monthly Jan 1997 - Dec 2024
Slovenia (USD mn) 359.8 Apr 2023 monthly Jan 1994 - Apr 2023
South Africa (USD mn) -932.5 Mar 2023 quarterly Mar 1960 - Mar 2023
Spain (USD mn) 1,357.2 Dec 2024 monthly Jan 1990 - Dec 2024
Sri Lanka (USD mn) 303.4 Sep 2024 quarterly Mar 1977 - Sep 2024
Sudan (USD mn) -1,752.8 Dec 2022 quarterly Mar 1977 - Dec 2022
Sweden (USD mn) 10,369.1 Dec 2024 quarterly Mar 1975 - Dec 2024
Switzerland (USD mn) 17,338.7 Mar 2023 quarterly Mar 1983 - Mar 2023

Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,078.997 Sep 2024 quarterly Mar 2005 - Sep 2024
National Government Debt (USD mn) 86,261.2 Sep 2024 quarterly Dec 2006 - Sep 2024
Government Debt: % of GDP (%) 53.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Forecast: Government Expenditure (NGN bn) 100,505.650 2029 yearly 1990 - 2029
Forecast: Government Net Debt (NGN bn) 285,181.495 2029 yearly 1990 - 2029
Forecast: Government Revenue (NGN bn) 72,588.069 2029 yearly 1990 - 2029
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports (USD mn) 3,738.1 Sep 2024 monthly Jan 2003 - Sep 2024
Total Exports Growth (%) 56.4 Sep 2024 monthly Jan 2004 - Sep 2024
Aluminum: Exports (USD th) 187,832.450 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,530.686 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 329.199 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,989.3 Mar 2023 monthly Jan 2003 - Mar 2023
Total Imports Growth (%) 62.9 Sep 2024 monthly Jan 2004 - Sep 2024
Imports: Medicament (USD th) 614,222.259 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 227,440.624 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 124.857 Sep 2024 monthly Jan 2003 - Sep 2024
Total Imports from USA (USD mn) 275.937 Sep 2024 monthly Dec 2009 - Sep 2024
Total Exports to China (USD mn) 105.763 Sep 2024 monthly Jan 2007 - Sep 2024
Total Imports from China (USD mn) 802.488 Sep 2024 monthly Jan 2007 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -831.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Current Account Balance (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 1,197.6 Mar 2023 quarterly Mar 2014 - Mar 2023
Foreign Direct Investment: % of GDP (%) 1.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment (USD mn) 4,416.719 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 4.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -309.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,726.039 Jun 2024 quarterly Mar 2008 - Jun 2024
External Debt (USD mn) 43,026.6 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: % of GDP (%) 11.9 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) -5.481 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -86,263.760 2023 yearly 2005 - 2023
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 24,967.124 Jan 2025 monthly Nov 1992 - Jan 2025
Money Supply M2 (USD mn) 75,096.954 Jan 2025 monthly Nov 1992 - Jan 2025
M2 Growth (%) 18.3 Jan 2025 monthly Nov 1993 - Jan 2025
Reserve Requirement Ratio (%) 50.0 Feb 2025 monthly Nov 2005 - Feb 2025
Foreign Exchange Reserves (USD mn) 40,380.0 Nov 2024 monthly Jan 1960 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 18.573 Sep 2024 quarterly Dec 2010 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 14.5 Sep 2024 monthly Jan 2003 - Sep 2024
Gold Reserves (USD mn) 1,599.957 Jun 2024 monthly Dec 1950 - Jun 2024
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 67,269.4 Jan 2025 monthly Nov 1992 - Jan 2025
Domestic Credit Growth (%) -0.6 Jan 2025 monthly Nov 1993 - Jan 2025
Private Debt: % of Nominal GDP (%) 20.83 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 4.4 Nov 2024 monthly Jul 2015 - Nov 2024

More Indicators for Nigeria

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