Nigeria Current Account Balance: % of GDP

2014 - 2025 | Quarterly | % | Central Bank of Nigeria

Key information about Nigeria Current Account Balance: % of GDP

  • Nigeria Current Account surplus accounted for 1.6 % of the country's Nominal GDP in Dec 2025, compared with a 5.3 % surplus in the previous quarter.
  • Nigeria Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2014 to Dec 2025, with an average value of -4.7 %.
  • The data reached an all-time high of 9.6 % in Sep 2024 and a record low of -5.3 % in Mar 2015.




Key information about Nigeria Current Account Balance: % of GDP

  • In the latest reports of Nigeria, Current Account recorded a surplus of 1.4 USD bn in Dec 2025.
  • Foreign Direct Investment (FDI) increased by 1.1 USD bn in Dec 2025.
  • Nigeria Direct Investment Abroad expanded by 673.0 USD mn in Dec 2025.
  • Its Foreign Portfolio Investment increased by 5.3 USD bn in Dec 2025.
  • The country's Nominal GDP was reported at 63.8 USD bn in Jun 2025.

View Nigeria's Current Account Balance: % of GDP from Mar 2014 to Dec 2025 in the chart:

Nigeria Current Account Balance: % of GDP

What was Nigeria's Current Account Balance: % of GDP in Dec 2025?

Nigeria Current Account surplus accounted for 1.6 % of the country's Nominal GDP in Dec 2025, compared with a 5.3 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.6 Dec 2025 5.3 Sep 2025 -5.3 Mar 2015 9.6 Sep 2024 % quarterly Mar 2014 - Dec 2025

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.6 Dec 2025 quarterly Mar 2004 - Dec 2025
Algeria (%) -3.7 Dec 2024 quarterly Mar 2007 - Dec 2024
Argentina (%) 1.4 Dec 2025 quarterly Mar 2004 - Dec 2025
Armenia (%) -6.7 Dec 2025 quarterly Dec 1994 - Dec 2025
Australia (%) -3.7 Mar 2026 quarterly Sep 1959 - Mar 2026
Austria (%) 2.0 Dec 2025 quarterly Mar 1970 - Dec 2025
Azerbaijan (%) 2.4 Dec 2025 quarterly Mar 2013 - Dec 2025
Bahrain (%) 3.9 Jun 2025 quarterly Mar 2018 - Jun 2025
Bangladesh (%) 0.0 2025 yearly 1998 - 2025
Belarus (%) -1.8 Dec 2025 quarterly Mar 1996 - Dec 2025
Belgium (%) -2.3 Dec 2025 quarterly Mar 1995 - Dec 2025
Bolivia (%) -3.3 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) -3.1 Dec 2025 quarterly Mar 2008 - Dec 2025
Botswana (%) -0.1 Dec 2025 quarterly Mar 2004 - Dec 2025
Brazil (%) -3.3 Mar 2026 quarterly Mar 1995 - Mar 2026
Brunei (%) 14.8 Dec 2025 quarterly Mar 2013 - Dec 2025
Bulgaria (%) -11.6 Mar 2026 quarterly Mar 1998 - Mar 2026
Cambodia (%) -15.5 Dec 2025 quarterly Mar 2010 - Dec 2025
Canada (%) -0.1 Dec 2025 quarterly Mar 1957 - Dec 2025
Chile (%) 1.9 Mar 2026 quarterly Mar 1996 - Mar 2026
China (%) 3.8 Mar 2026 quarterly Mar 1998 - Mar 2026
Colombia (%) -1.2 Mar 2026 quarterly Mar 1996 - Mar 2026
Croatia (%) -9.5 Dec 2025 quarterly Mar 1995 - Dec 2025
Cyprus (%) -8.8 Dec 2025 quarterly Mar 2008 - Dec 2025
Czech Republic (%) 0.6 Dec 2025 quarterly Mar 1995 - Dec 2025
Denmark (%) 9.9 Mar 2026 quarterly Mar 1990 - Mar 2026
Ecuador (%) 5.7 Dec 2025 quarterly Mar 1993 - Dec 2025
Egypt (%) -2.5 Jun 2025 quarterly Sep 2001 - Jun 2025
Estonia (%) 0.5 Jun 2025 quarterly Mar 2000 - Jun 2025
European Union (%) 2.1 Dec 2025 quarterly Mar 1999 - Dec 2025
Finland (%) 0.4 Mar 2026 quarterly Mar 1990 - Mar 2026
France (%) -1.7 Mar 2026 quarterly Mar 1997 - Mar 2026
Georgia (%) -4.6 Dec 2025 quarterly Mar 1996 - Dec 2025
Germany (%) 4.4 Mar 2026 quarterly Mar 1991 - Mar 2026
Ghana (%) 13.9 Dec 2025 quarterly Mar 2006 - Dec 2025
Greece (%) -11.0 Dec 2025 quarterly Mar 2000 - Dec 2025
Hong Kong SAR, China (%) 10.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Hungary (%) 0.5 Dec 2025 quarterly Mar 1995 - Dec 2025
Iceland (%) -3.0 Dec 2025 quarterly Mar 1995 - Dec 2025
India (%) -1.3 Dec 2025 quarterly Jun 2004 - Dec 2025
Indonesia (%) 1.1 Sep 2025 quarterly Mar 1993 - Sep 2025
Iran (%) 2.2 2025 yearly 1997 - 2025
Ireland (%) 8.4 Dec 2025 quarterly Mar 1995 - Dec 2025
Israel (%) 2.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Italy (%) 0.8 Dec 2025 quarterly Mar 1980 - Dec 2025
Ivory Coast (%) -4.1 2024 yearly 1975 - 2024
Japan (USD mn) 29,402.7 Sep 2025 monthly Jan 1996 - Sep 2025
Jordan (%) -2.6 Dec 2025 quarterly Mar 1992 - Dec 2025
Kazakhstan (%) -5.8 Dec 2025 quarterly Dec 1997 - Dec 2025
Kenya (%) -2.2 Sep 2025 quarterly Mar 2009 - Sep 2025
South Korea (USD mn) 37,327.1 Mar 2026 monthly Jan 1980 - Mar 2026
Kosovo (%) -12.7 Dec 2025 quarterly Mar 2010 - Dec 2025
Kuwait (%) 18.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Kyrgyzstan (%) -18.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Laos (%) 3.2 2024 yearly 1984 - 2024
Latvia (%) -3.1 Sep 2025 quarterly Mar 1995 - Sep 2025
Lebanon (%) -14.5 2024 yearly 2002 - 2024
Lithuania (%) 5.4 Mar 2026 quarterly Mar 1993 - Mar 2026
Luxembourg (%) -0.2 Dec 2025 quarterly Mar 1995 - Dec 2025
Macau SAR, China (%) 33.7 2024 yearly 2002 - 2024
North Macedonia (%) -7.6 Mar 2026 quarterly Mar 2000 - Mar 2026
Malawi (%) -17.0 2023 yearly 1977 - 2023
Malaysia (%) 3.0 Mar 2026 quarterly Mar 2000 - Mar 2026
Malta (%) 8.9 Dec 2025 quarterly Mar 1995 - Dec 2025
Mauritius (%) -10.0 Dec 2025 quarterly Mar 2007 - Dec 2025
Mexico (%) -3.1 Mar 2026 quarterly Mar 1993 - Mar 2026
Moldova (%) -14.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Mongolia (%) 2.8 Mar 2026 quarterly Mar 2000 - Mar 2026
Montenegro (%) -36.0 Mar 2026 quarterly Mar 2010 - Mar 2026
Morocco (%) -3.0 Dec 2025 quarterly Mar 2014 - Dec 2025
Mozambique (%) -11.0 2024 yearly 1980 - 2024
Nepal (%) 6.7 2025 yearly 2001 - 2025
Netherlands (%) 11.3 Dec 2025 quarterly Mar 1987 - Dec 2025
New Zealand (%) -4.1 Dec 2025 quarterly Jun 1987 - Dec 2025
Nigeria (%) 1.6 Dec 2025 quarterly Mar 2014 - Dec 2025
Norway (%) 18.5 Mar 2026 quarterly Mar 1981 - Mar 2026
Oman (%) 2.9 2024 yearly 1980 - 2024
Pakistan (%) 0.5 2025 yearly 1977 - 2025
Palestinian Territory (%) -22.0 Jun 2025 quarterly Mar 2011 - Jun 2025
Panama (%) 0.4 Dec 2025 quarterly Mar 2007 - Dec 2025
Paraguay (%) -4.7 Dec 2025 quarterly Mar 2000 - Dec 2025
Peru (%) 4.8 Mar 2026 quarterly Mar 1990 - Mar 2026
Philippines (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Poland (%) -0.1 Mar 2026 quarterly Mar 2000 - Mar 2026
Portugal (%) -0.8 Mar 2026 quarterly Mar 1996 - Mar 2026
Qatar (%) 9.3 Dec 2025 quarterly Mar 2011 - Dec 2025
Romania (%) -7.3 Dec 2025 quarterly Mar 1995 - Dec 2025
Russia (%) 1.2 Dec 2025 quarterly Mar 1994 - Dec 2025
Saudi Arabia (%) -2.6 Dec 2025 quarterly Mar 2006 - Dec 2025
Serbia (%) -6.2 Dec 2025 quarterly Mar 2007 - Dec 2025
Singapore (%) 20.3 Mar 2026 quarterly Mar 1986 - Mar 2026
Slovakia (%) -3.4 Dec 2025 quarterly Mar 1997 - Dec 2025
Slovenia (%) 2.3 Mar 2026 quarterly Mar 1995 - Mar 2026
South Africa (%) 0.6 Dec 2025 quarterly Mar 1960 - Dec 2025
Spain (%) 2.3 Dec 2025 quarterly Mar 1980 - Dec 2025
Sri Lanka (%) -0.5 Dec 2025 quarterly Mar 2002 - Dec 2025
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 4.4 Dec 2025 quarterly Mar 1980 - Dec 2025
Switzerland (%) 3.2 Dec 2025 quarterly Mar 1983 - Dec 2025

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Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 107,935.8 Dec 2025 quarterly Dec 2006 - Dec 2025
Government Debt: % of GDP (%) 35.9 Dec 2025 quarterly Dec 2010 - Dec 2025
Forecast: Government Expenditure (NGN bn) 129,829.781 2031 yearly 1990 - 2031
Forecast: Government Net Debt (NGN bn) 318,517.716 2031 yearly 1990 - 2031
Forecast: Government Revenue (NGN bn) 110,023.853 2031 yearly 1990 - 2031
Government Debt: Domestic (NGN bn) 80,488.865 Dec 2025 quarterly Dec 2005 - Dec 2025
Federal Govt Balance (NGN bn) -3,084.970 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue (NGN bn) 11,925.570 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Expenditure: Capital (NGN bn) 958.160 Dec 2024 quarterly Mar 2005 - Dec 2024
Gross Federation Account Revenue: Oil (NGN bn) 3,518.110 Sep 2025 quarterly Mar 2005 - Sep 2025
Federal Govt Expenditure: Recurrent (NGN bn) 4,210.940 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Revenue (NGN bn) 2,519.820 Dec 2024 quarterly Mar 2005 - Dec 2024
Federal Govt Expenditure (NGN bn) 5,604.790 Dec 2024 quarterly Mar 2005 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 245.1 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports (USD mn) 4,367.5 Dec 2025 monthly Jan 2003 - Dec 2025
Total Exports Growth (%) -9.2 Dec 2025 monthly Jan 2004 - Dec 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 9.9 Dec 2025 monthly Jan 2004 - Dec 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 162.467 Dec 2025 monthly Jan 2003 - Dec 2025
Total Imports from USA (USD mn) 309.728 Dec 2025 monthly Dec 2009 - Dec 2025
Total Exports to China (USD mn) 157.315 Dec 2025 monthly Jan 2007 - Dec 2025
Total Imports from China (USD mn) 1,415.075 Dec 2025 monthly Jan 2007 - Dec 2025
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports: Europe: ow Netherlands (NGN mn) 663,947.498 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: America: ow USA (NGN mn) 235,634.548 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow UK (NGN mn) 47,516.769 Dec 2025 monthly Jan 2003 - Dec 2025
Exports (NGN mn) 6,334,358.836 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Chemicals and Chemical Products (NGN mn) 999,721.947 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,191,103.588 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Manufactured Goods (NGN mn) 621,984.130 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Machinery and Transport Equipment (NGN mn) 1,929,321.105 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Food and Live Animals (NGN mn) 850,483.714 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Germany (NGN mn) 145,581.678 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Netherlands (NGN mn) 446,202.327 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: America: ow USA (NGN mn) 449,215.349 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow UK (NGN mn) 302,058.111 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Asia: ow China (NGN mn) 2,052,359.077 Dec 2025 monthly Jan 2007 - Dec 2025
Imports (NGN mn) 5,978,855.607 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Crude Oil (NGN mn) 3,256,138.155 Dec 2025 monthly Jan 2003 - Dec 2025
Total Trade (NGN mn) 12,313,214.443 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Growth Rate: MoM (%) 14.404 Dec 2025 monthly Jan 2019 - Dec 2025
Exports: Growth Rate: MoM (%) 3.151 Dec 2025 monthly Jan 2019 - Dec 2025
Export Value Index (2015=100) 110.100 2023 yearly 1980 - 2023
Import Value Index (2015=100) 110.300 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 673.0 Dec 2025 quarterly Mar 2008 - Dec 2025
Current Account Balance (USD mn) 1,397.2 Dec 2025 quarterly Mar 2014 - Dec 2025
Current Account Balance: % of GDP (%) 1.6 Dec 2025 quarterly Mar 2014 - Dec 2025
Foreign Direct Investment (USD mn) 1,113.0 Dec 2025 quarterly Mar 2014 - Dec 2025
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment (USD mn) 5,270.221 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 6.2 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 325.0 Dec 2025 quarterly Mar 2008 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 4,945.254 Dec 2025 quarterly Mar 2008 - Dec 2025
External Debt (USD mn) 51,856.0 Dec 2025 quarterly Dec 2006 - Dec 2025
External Debt: % of GDP (%) 12.0 2025 yearly 1985 - 2025
External Debt: Short Term (USD mn) 1,513.7 2022 yearly 2008 - 2022
External Debt: Short Term: % of GDP (%) 0.2 2022 yearly 2008 - 2022
Forecast: Current Account Balance (USD bn) 16.466 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -90,151.210 2025 yearly 2005 - 2025
External Debt: Government (USD mn) 51,856.030 Dec 2025 quarterly Dec 2006 - Dec 2025
External Debt: Government: International Capital Market (USD mn) 18,547.470 Dec 2025 quarterly Mar 2011 - Dec 2025
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
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) 31,836.736 Apr 2026 monthly Apr 1990 - Apr 2026
Money Supply M2 (USD mn) 90,928.666 Apr 2026 monthly Apr 1990 - Apr 2026
M2 Growth (%) 4.8 Apr 2026 monthly Apr 1991 - Apr 2026
Reserve Requirement Ratio (%) 45.0 May 2026 monthly Nov 2005 - May 2026
Foreign Exchange Reserves (USD mn) 45,752.8 Dec 2025 monthly Jan 1960 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 16.055 Dec 2025 quarterly Dec 2010 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 11.1 Dec 2025 monthly Jan 2003 - Dec 2025
Gold Reserves (USD mn) 2,978.457 Dec 2025 monthly Dec 1950 - Dec 2025
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) 87,442.3 Apr 2026 monthly Apr 1990 - Apr 2026
Domestic Credit Growth (%) 17.8 Apr 2026 monthly Apr 1991 - Apr 2026
Private Debt: % of Nominal GDP (%) 11.34 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 43,757,782.360 Apr 2026 monthly Apr 1990 - Apr 2026
Monetary Survey: Liabilities: Base Money (NGN mn) 40,249,851.860 Apr 2026 monthly Apr 1990 - Apr 2026
Monetary Survey: Liabilities: M2 (NGN mn) 124,976,277.400 Apr 2026 monthly Apr 1990 - Apr 2026
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 81,218,495.040 Apr 2026 monthly Apr 1990 - Apr 2026
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Non Performing Loans to Gross Loans (%) 5.760 Jun 2025 semiannually Dec 2003 - Jun 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -3.6 Apr 2026 monthly Jul 2015 - Apr 2026

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