Nigeria Total Trade of Goods & Services: % of Nominal GDP

2010 - 2024 | Quarterly | % | CEIC Data

Key information about Nigeria Total Trade of Goods and Services: % of Nominal GDP

  • Nigeria Total Trade of Goods & Services: % of Nominal GDP recorded 43.197 % in Dec 2024, compared with 45.265 % in the previous quarter.
  • Nigeria Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 2010 to Dec 2024, with an averaged value of 27.121 %.
  • The data reached an all-time high of 56.029 % in Dec 2011 and a record low of 13.566 % in Jun 2020.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. The National Bureau of Statistics provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency.

View Nigeria's Total Trade of Goods & Services: % of Nominal GDP from Mar 2010 to Dec 2024 in the chart:

Nigeria Total Trade of Goods & Services: % of Nominal GDP

What was Nigeria's Total Trade of Goods & Services: % of Nominal GDP in Dec 2024?

Nigeria Total Trade of Goods & Services: % of Nominal GDP recorded 43.197 % in Dec 2024, compared with 45.265 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
43.197 Dec 2024 45.265 Sep 2024 13.566 Jun 2020 56.029 Dec 2011 % quarterly Mar 2010 - Dec 2024

Total Trade of Goods & Services: % of Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 75.038 Dec 2025 quarterly Mar 1995 - Dec 2025
Algeria (%) 40.135 2024 yearly 1950 - 2024
Argentina (%) 31.911 Dec 2025 quarterly Mar 1993 - Dec 2025
Armenia (%) 87.394 Dec 2025 quarterly Dec 1994 - Dec 2025
Australia (%) 46.409 Dec 2025 quarterly Sep 1959 - Dec 2025
Austria (%) 104.760 Dec 2025 quarterly Mar 1964 - Dec 2025
Azerbaijan (%) 78.822 Dec 2025 quarterly Mar 2001 - Dec 2025
Bahrain (%) 157.483 2024 yearly 1975 - 2024
Bangladesh (%) 27.951 2025 yearly 1960 - 2025
Belarus (%) 110.722 Dec 2025 quarterly Mar 1995 - Dec 2025
Belgium (%) 146.081 Dec 2025 quarterly Mar 1980 - Dec 2025
Bolivia (%) 42.770 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) 90.924 Dec 2025 quarterly Mar 2000 - Dec 2025
Botswana (%) 69.640 Dec 2025 quarterly Mar 1994 - Dec 2025
Brazil (%) 33.615 Dec 2025 quarterly Mar 1996 - Dec 2025
Brunei (%) 117.971 Dec 2025 quarterly Mar 2004 - Dec 2025
Bulgaria (%) 92.326 Dec 2025 quarterly Mar 1995 - Dec 2025
Cambodia (%) 147.753 2022 yearly 1988 - 2022
Canada (%) 59.399 Sep 2025 quarterly Mar 1961 - Sep 2025
Chile (%) 63.491 Dec 2025 quarterly Mar 1990 - Dec 2025
China (%) 36.774 Dec 2025 quarterly Mar 1998 - Dec 2025
Colombia (%) 33.904 Dec 2025 quarterly Mar 2005 - Dec 2025
Croatia (%) 107.493 Sep 2025 quarterly Mar 1995 - Sep 2025
Cyprus (%) 207.484 Dec 2025 quarterly Mar 1995 - Dec 2025
Czech Republic (%) 123.763 Dec 2025 quarterly Mar 1995 - Dec 2025
Denmark (%) 125.514 Dec 2025 quarterly Mar 1977 - Dec 2025
Ecuador (%) 60.049 Dec 2025 quarterly Mar 1991 - Dec 2025
Egypt (%) 44.860 Dec 2025 quarterly Sep 2001 - Dec 2025
Estonia (%) 152.680 Dec 2025 quarterly Mar 1995 - Dec 2025
European Union (%) 92.730 Dec 2025 quarterly Mar 1995 - Dec 2025
Finland (%) 83.075 Dec 2025 quarterly Mar 1970 - Dec 2025
France (%) 65.831 Mar 2026 quarterly Mar 1975 - Mar 2026
Georgia (%) 99.472 Dec 2025 quarterly Mar 1996 - Dec 2025
Germany (%) 77.479 Dec 2025 quarterly Mar 1991 - Dec 2025
Ghana (%) 68.967 2024 yearly 2006 - 2024
Greece (%) 79.838 Dec 2025 quarterly Mar 1995 - Dec 2025
Hong Kong SAR, China (%) 415.687 Dec 2025 quarterly Mar 1973 - Dec 2025
Hungary (%) 124.737 Dec 2025 quarterly Mar 1995 - Dec 2025
Iceland (%) 79.185 Dec 2025 quarterly Mar 1995 - Dec 2025
India (%) 46.416 Dec 2025 quarterly Jun 1996 - Dec 2025
Indonesia (%) 41.505 Mar 2026 quarterly Mar 1993 - Mar 2026
Iran (%) 49.507 2024 yearly 1959 - 2024
Ireland (%) 262.249 Dec 2025 quarterly Mar 1995 - Dec 2025
Israel (%) 52.147 Dec 2025 quarterly Mar 1995 - Dec 2025
Italy (%) 59.566 Dec 2025 quarterly Mar 1980 - Dec 2025
Ivory Coast (%) 49.586 2024 yearly 1960 - 2024
Japan (%) 43.803 Dec 2025 quarterly Mar 1955 - Dec 2025
Jordan (%) 90.741 2023 yearly 1967 - 2023
Kazakhstan (%) 57.282 Sep 2025 quarterly Mar 1994 - Sep 2025
Kenya (%) 37.521 2025 yearly 1964 - 2025
South Korea (%) 86.856 Dec 2025 quarterly Mar 1960 - Dec 2025
Kosovo (%) 100.817 Dec 2025 quarterly Mar 2010 - Dec 2025
Kuwait (%) 93.991 2024 yearly 1962 - 2024
Kyrgyzstan (%) 98.747 Sep 2016 quarterly Mar 2000 - Sep 2016
Laos (%) 75.092 2016 yearly 1984 - 2016
Latvia (%) 119.913 Dec 2025 quarterly Mar 1992 - Dec 2025
Lebanon (%) 87.912 2024 yearly 1990 - 2024
Lithuania (%) 137.416 Dec 2025 quarterly Mar 1995 - Dec 2025
Luxembourg (%) 331.707 Dec 2025 quarterly Mar 1995 - Dec 2025
Macau SAR, China (%) 136.803 Dec 2025 quarterly Mar 1998 - Dec 2025
North Macedonia (%) 122.910 Dec 2025 quarterly Mar 2000 - Dec 2025
Malawi (%) 42.438 2023 yearly 1960 - 2023
Malaysia (%) 137.375 Dec 2025 quarterly Mar 1991 - Dec 2025
Malta (%) 216.476 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (%) 140.473 Sep 2025 quarterly Mar 1999 - Sep 2025
Mexico (%) 80.519 Dec 2025 quarterly Mar 1993 - Dec 2025
Moldova (%) 91.718 Jun 2025 quarterly Mar 1995 - Jun 2025
Mongolia (%) 108.937 Dec 2025 quarterly Mar 2005 - Dec 2025
Montenegro (%) 99.599 Dec 2025 quarterly Mar 2006 - Dec 2025
Morocco (%) 92.271 Dec 2025 quarterly Mar 2007 - Dec 2025
Mozambique (%) 95.659 2024 yearly 1991 - 2024
Myanmar (%) 40.754 2023 yearly 2018 - 2023
Nepal (%) 41.969 2025 yearly 1969 - 2025
Netherlands (%) 145.219 Mar 2026 quarterly Mar 1987 - Mar 2026
New Zealand (%) 52.825 Dec 2025 quarterly Jun 1987 - Dec 2025
Nigeria (%) 43.197 Dec 2024 quarterly Mar 2010 - Dec 2024
Norway (%) 79.296 Dec 2025 quarterly Mar 1978 - Dec 2025
Oman (%) 118.999 2024 yearly 1980 - 2024
Pakistan (%) 27.210 2024 yearly 2000 - 2024
Palestinian Territory (%) 76.654 Dec 2025 quarterly Mar 2011 - Dec 2025
Panama (%) 83.674 2024 yearly 1960 - 2024
Paraguay (%) 69.612 Dec 2025 quarterly Mar 1994 - Dec 2025
Peru (%) 51.322 Dec 2025 quarterly Mar 1980 - Dec 2025
Philippines (%) 74.696 Mar 2026 quarterly Mar 1981 - Mar 2026
Poland (%) 89.464 Dec 2025 quarterly Mar 1995 - Dec 2025
Portugal (%) 80.366 Dec 2025 quarterly Mar 1977 - Dec 2025
Qatar (%) 98.917 Dec 2023 quarterly Mar 2013 - Dec 2023
Romania (%) 65.788 Dec 2025 quarterly Mar 1995 - Dec 2025
Russia (%) 30.641 Dec 2025 quarterly Mar 1995 - Dec 2025
Saudi Arabia (%) 58.909 Dec 2025 quarterly Mar 2003 - Dec 2025
Serbia (%) 108.286 Dec 2025 quarterly Mar 1995 - Dec 2025
Singapore (%) 320.170 Dec 2025 quarterly Mar 1975 - Dec 2025
Slovakia (%) 171.680 Dec 2025 quarterly Mar 1990 - Dec 2025
Slovenia (%) 149.926 Dec 2025 quarterly Mar 1995 - Dec 2025
South Africa (%) 59.826 Dec 2025 quarterly Mar 1960 - Dec 2025
Spain (%) 70.504 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 42.782 Dec 2025 quarterly Mar 2010 - Dec 2025
Sudan (%) 41.636 2019 yearly 1996 - 2019
Sweden (%) 101.898 Dec 2025 quarterly Mar 1980 - Dec 2025
Switzerland (%) 151.170 Dec 2025 quarterly Mar 1980 - 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) 56,131,610.0 Dec 2025 quarterly Dec 2006 - Dec 2025
Government Debt: % of GDP (%) 18,684.4 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) 80,488,865.115 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 (NGN bn) 5,604.790 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: Capital (NGN bn) 958.160 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: Recurrent (NGN bn) 4,210.940 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: Vegetable Products (NGN mn) 1,539,822.759 2025 yearly 2003 - 2025
Exports: Mineral Products (NGN mn) 73,459,088.314 2025 yearly 2003 - 2025
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 244,171.194 2025 yearly 2003 - 2025
Exports: America: ow USA (NGN mn) 235,634.548 Dec 2025 monthly Jan 2003 - Dec 2025
Exports: Europe: ow Netherlands (NGN mn) 663,947.498 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: America: ow USA (NGN mn) 449,215.349 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: Europe: ow Germany (NGN mn) 145,581.678 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow UK (NGN mn) 302,058.111 Dec 2025 monthly Jan 2003 - Dec 2025
Imports: Europe: ow Netherlands (NGN mn) 446,202.327 Dec 2025 monthly Jan 2003 - 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) -164.4 Sep 2025 quarterly Mar 2008 - Sep 2025
Current Account Balance (USD mn) 3,416.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Current Account Balance: % of GDP (%) 4.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment (USD mn) 718.4 Sep 2025 quarterly Mar 2014 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.0 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) 2,512.415 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.4 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 402.5 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,109.957 Sep 2025 quarterly Mar 2008 - Sep 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) -68,546.495 2024 yearly 2005 - 2024
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) 31,944.224 Feb 2026 monthly Apr 1990 - Feb 2026
Money Supply M2 (USD mn) 90,327.599 Feb 2026 monthly Apr 1990 - Feb 2026
M2 Growth (%) 11.2 Feb 2026 monthly Apr 1991 - Feb 2026
Reserve Requirement Ratio (%) 45.0 Apr 2026 monthly Nov 2005 - Apr 2026
Foreign Exchange Reserves (USD mn) 42,772.1 Sep 2025 monthly Jan 1960 - Sep 2025
Foreign Exchange Reserves: % of GDP (%) 16.154 Sep 2025 quarterly Dec 2010 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 12.7 Sep 2025 monthly Jan 2003 - Sep 2025
Gold Reserves (USD mn) 2,660.953 Sep 2025 monthly Dec 1950 - Sep 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) 98,297.6 Feb 2026 monthly Apr 1990 - Feb 2026
Domestic Credit Growth (%) 29.6 Feb 2026 monthly Apr 1991 - Feb 2026
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: M1 (NGN mn) 43,536,636.110 Feb 2026 monthly Apr 1990 - Feb 2026
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 79,570,432.440 Feb 2026 monthly Apr 1990 - Feb 2026
Monetary Survey: Liabilities: Base Money (NGN mn) 38,453,901.510 Feb 2026 monthly Apr 1990 - Feb 2026
Monetary Survey: Liabilities: M2 (NGN mn) 123,107,068.550 Feb 2026 monthly Apr 1990 - Feb 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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