Nigeria Trade Balance
2003 - 2020 | Monthly | USD mn | CEIC Data
Nigeria's Trade Balance recorded a deficit of 2.2 USD bn in Jun 2020, compared with a deficit of 1.6 USD bn in the previous month. Nigeria's Trade Balance data is updated monthly, available from Jan 2003 to Jun 2020, with an averaged value of 1.9 USD bn. The data reached an all-time high of 14.4 USD bn in Oct 2011 and a record low of -3.9 USD bn in Mar 2011. CEIC converts monthly Trade Balance into USD. The National Bureau of Statistics of the Federal Republic of Nigeria provides Trade Balance in local currency. The Central Bank of Nigeria average market exchange rate is used for currency conversions.
In the latest reports, Nigeria's Total Exports reached 2.8 USD bn in May 2020, a decrease of 46.9 % year on year. Total Imports recorded 1.9 USD bn in May 2020, a decrease of 44.4 % year on year.
What was Nigeria's Trade Balance in Jun 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
|
-2,239.0 USD mn Jun 2020 monthly Jan 2003 - Jun 2020 |
-1,594.9 USD mn May 2020 monthly Jan 2003 - Jun 2020 |
-3,934.8 Mar 2011 |
14,402.0 Oct 2011 |
USD mn |
monthly |
Jan 2003 - Jun 2020 Updated on 07 Sep 2020 |
Trade Balance by Country Comparison
| Country/Region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) |
-273.9 Aug 2020 |
monthly |
Oct 1998 - Aug 2020 |
| Algeria (USD mn) |
-634.0 Sep 2018 |
monthly |
Jan 2000 - Sep 2018 |
| Argentina (USD mn) |
1,422.7 Aug 2020 |
monthly |
Jan 1991 - Aug 2020 |
| Armenia (USD mn) |
-175.8 Aug 2020 |
monthly |
Nov 1995 - Aug 2020 |
| Australia (USD mn) |
3,243.3 Jul 2020 |
monthly |
Jul 1971 - Jul 2020 |
| Austria (USD mn) |
-130.8 Jun 2020 |
monthly |
Jan 1957 - Jun 2020 |
| Azerbaijan (USD mn) |
533.7 Jul 2020 |
monthly |
Jan 2000 - Jul 2020 |
| Bahrain (USD mn) |
856.2 2019 |
yearly |
1966 - 2019 |
| Bangladesh (USD mn) |
-1,615.5 Jun 2020 |
monthly |
Jul 1986 - Jun 2020 |
| Belarus (USD mn) |
89.8 Jul 2020 |
monthly |
Jan 2000 - Jul 2020 |
| Belgium (USD mn) |
675.6 Jul 2020 |
monthly |
Jan 1995 - Jul 2020 |
| Bolivia (USD mn) |
0.9 Aug 2020 |
monthly |
Oct 1994 - Aug 2020 |
| Botswana (USD mn) |
-538.9 Jun 2020 |
monthly |
Jan 2001 - Jun 2020 |
| Brazil (USD mn) |
6,608.8 Aug 2020 |
monthly |
Jan 1959 - Aug 2020 |
| Brunei (USD mn) |
-41.5 Jun 2020 |
monthly |
Jan 2003 - Jun 2020 |
| Bulgaria (USD mn) |
-135.6 Jul 2020 |
monthly |
Jan 1995 - Jul 2020 |
| Cambodia (USD mn) |
-695.7 May 2020 |
monthly |
Jan 1981 - May 2020 |
| Canada (USD mn) |
-1,816.2 Jul 2020 |
monthly |
Jan 1988 - Jul 2020 |
| Chile (USD mn) |
904.3 Aug 2020 |
monthly |
Jan 1968 - Aug 2020 |
| China (USD mn) |
58,925.4 Aug 2020 |
monthly |
Jan 1981 - Aug 2020 |
| Colombia (USD mn) |
-1,097.2 Jul 2020 |
monthly |
Jan 1958 - Jul 2020 |
| Croatia (USD mn) |
-769.9 Jun 2020 |
monthly |
Jan 1993 - Jun 2020 |
| Cyprus (USD mn) |
-469.7 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Czech Republic (USD mn) |
1,764.1 Jul 2020 |
monthly |
Jan 1996 - Jul 2020 |
| Denmark (USD mn) |
985.4 Jul 2020 |
monthly |
Jan 1997 - Jul 2020 |
| Ecuador (USD mn) |
252.1 Jul 2020 |
monthly |
Jan 1965 - Jul 2020 |
| Egypt (USD mn) |
-2,277.0 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Estonia (USD mn) |
-142.8 Jul 2020 |
monthly |
Jan 1993 - Jul 2020 |
| European Union (USD mn) |
21,485.7 Jul 2020 |
monthly |
Jan 2002 - Jul 2020 |
| Finland (USD mn) |
-505.5 Jul 2020 |
monthly |
Jan 1992 - Jul 2020 |
| France (USD mn) |
-8,034.7 Jul 2020 |
monthly |
Jan 2000 - Jul 2020 |
| Georgia (USD mn) |
-350.8 Aug 2020 |
monthly |
Jan 1995 - Aug 2020 |
| Germany (USD mn) |
20,712.9 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Greece (USD mn) |
-1,794.0 Jul 2020 |
monthly |
Jan 2002 - Jul 2020 |
| Hong Kong SAR, China (USD mn) |
-1,887.1 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| Hungary (USD mn) |
311.4 Jul 2020 |
monthly |
Jan 1976 - Jul 2020 |
| Iceland (USD mn) |
-81.9 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| India (USD mn) |
-6,770.0 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| Indonesia (USD mn) |
2,327.4 Aug 2020 |
monthly |
Jan 1967 - Aug 2020 |
| Iran (USD mn) |
20,500.0 2015 |
yearly |
1950 - 2015 |
| Ireland (USD mn) |
5,512.5 Jul 2020 |
monthly |
Jan 1970 - Jul 2020 |
| Israel (USD mn) |
-2,170.8 Aug 2020 |
monthly |
Jan 1988 - Aug 2020 |
| Italy (USD mn) |
6,999.6 Jul 2020 |
monthly |
Jan 1993 - Jul 2020 |
| Ivory Coast (USD mn) |
-141.1 May 2020 |
monthly |
Jan 1981 - May 2020 |
| Japan (USD mn) |
3,305.7 Aug 2020 |
monthly |
Apr 1995 - Aug 2020 |
| Jordan (USD mn) |
2,426.5 Jul 2020 |
monthly |
Jan 1972 - Jul 2020 |
| Kazakhstan (USD mn) |
-978.6 Jul 2020 |
monthly |
Sep 1995 - Jul 2020 |
| Kenya (USD mn) |
-808.8 Jul 2020 |
monthly |
Oct 1992 - Jul 2020 |
| South Korea (USD mn) |
3,837.7 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| Kosovo (USD mn) |
-270.8 Aug 2020 |
monthly |
Jan 2003 - Aug 2020 |
| Kuwait (USD mn) |
242.2 Jun 2020 |
monthly |
Jan 1993 - Jun 2020 |
| Kyrgyzstan (USD mn) |
-153.6 Jul 2020 |
monthly |
Jan 2002 - Jul 2020 |
| Laos (USD mn) |
-37.8 Jun 2020 |
quarterly |
Dec 1992 - Jun 2020 |
| Latvia (USD mn) |
-321.6 Jul 2020 |
monthly |
Jan 1995 - Jul 2020 |
| Lebanon (USD mn) |
-576.6 Jun 2020 |
monthly |
Jan 1993 - Jun 2020 |
| Lithuania (USD mn) |
-179.2 Jul 2020 |
monthly |
Jan 1999 - Jul 2020 |
| Luxembourg (USD mn) |
-662.1 Jul 2020 |
monthly |
Jan 1988 - Jul 2020 |
| Macau SAR, China (USD mn) |
-781.9 Jul 2020 |
monthly |
Jan 1998 - Jul 2020 |
| North Macedonia (USD mn) |
-228.2 Jul 2020 |
monthly |
Dec 1993 - Jul 2020 |
| Malawi (USD mn) |
-123.8 May 2020 |
monthly |
Jan 1964 - May 2020 |
| Malaysia (USD mn) |
5,926.4 Jul 2020 |
monthly |
Jan 1990 - Jul 2020 |
| Malta (USD mn) |
-265.4 Jul 2020 |
monthly |
Jan 1960 - Jul 2020 |
| Mauritius (USD mn) |
-144.0 Jul 2020 |
monthly |
Jan 2006 - Jul 2020 |
| Mexico (USD mn) |
6,752.0 Jul 2020 |
monthly |
Jan 1993 - Jul 2020 |
| Moldova (USD mn) |
-287.3 Jul 2020 |
monthly |
Jan 2004 - Jul 2020 |
| Mongolia (USD mn) |
179.0 Aug 2020 |
monthly |
Jan 1997 - Aug 2020 |
| Montenegro (USD mn) |
-170.4 Jul 2020 |
monthly |
Jan 2005 - Jul 2020 |
| Morocco (USD mn) |
-1,515.6 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Myanmar (USD mn) |
264.4 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Nepal (USD mn) |
-635.7 Aug 2020 |
monthly |
Aug 1974 - Aug 2020 |
| Netherlands (USD mn) |
7,095.0 Jul 2020 |
monthly |
Jan 1996 - Jul 2020 |
| New Zealand (USD mn) |
-232.5 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| Nigeria (USD mn) |
-2,239.0 Jun 2020 |
monthly |
Jan 2003 - Jun 2020 |
| Norway (USD mn) |
-320.1 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| Oman (USD mn) |
1,089.2 Mar 2020 |
monthly |
Jan 1975 - Mar 2020 |
| Pakistan (USD mn) |
-1,740.0 Aug 2020 |
monthly |
Jan 1968 - Aug 2020 |
| Panama (USD mn) |
-504.1 Jul 2020 |
monthly |
Jan 1964 - Jul 2020 |
| Paraguay (USD mn) |
104.1 Aug 2020 |
monthly |
Jan 1995 - Aug 2020 |
| Peru (USD mn) |
898.7 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Philippines (USD mn) |
-1,827.3 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Poland (USD mn) |
1,035.6 Jul 2020 |
monthly |
Jan 1986 - Jul 2020 |
| Portugal (USD mn) |
-822.9 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Qatar (USD mn) |
4,270.6 Jun 2020 |
quarterly |
Mar 1998 - Jun 2020 |
| Romania (USD mn) |
-1,519.9 Jul 2020 |
monthly |
Aug 1990 - Jul 2020 |
| Russia (USD mn) |
4,970.1 Jul 2020 |
monthly |
Jan 1998 - Jul 2020 |
| Saudi Arabia (USD mn) |
108,440.2 2019 |
yearly |
1957 - 2019 |
| Serbia (USD mn) |
-572.5 Jul 2020 |
monthly |
Jan 2001 - Jul 2020 |
| Singapore (USD mn) |
4,258.6 Aug 2020 |
monthly |
Jan 1976 - Aug 2020 |
| Slovakia (USD mn) |
382.2 Jul 2020 |
monthly |
Jan 2004 - Jul 2020 |
| Slovenia (USD mn) |
230.4 Jul 2020 |
monthly |
Nov 1991 - Jul 2020 |
| South Africa (USD mn) |
2,235.7 Jul 2020 |
monthly |
Oct 2004 - Jul 2020 |
| Spain (USD mn) |
-575.2 Jul 2020 |
monthly |
Jan 1985 - Jul 2020 |
| Sri Lanka (USD mn) |
-208.7 Jul 2020 |
monthly |
Jan 1982 - Jul 2020 |
| Sudan (USD mn) |
-445.6 Jun 2020 |
monthly |
Jan 2003 - Jun 2020 |
| Sweden (USD mn) |
321.9 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Switzerland (USD mn) |
1,212.5 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| Syria (USD mn) |
-7,199.6 2019 |
yearly |
1950 - 2019 |
| Taiwan (USD mn) |
5,451.9 Aug 2020 |
monthly |
Jan 2008 - Aug 2020 |
| Tajikistan (USD mn) |
-184.7 Nov 2019 |
monthly |
Jan 2000 - Nov 2019 |
| Thailand (USD mn) |
4,349.4 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| Tunisia (USD mn) |
-600.3 Aug 2020 |
monthly |
Jan 1959 - Aug 2020 |
| Turkey (USD mn) |
-2,106.3 Jul 2020 |
monthly |
Jan 2013 - Jul 2020 |
| Ukraine (USD mn) |
-843.0 Jul 2020 |
monthly |
Jan 1998 - Jul 2020 |
| United Arab Emirates (USD mn) |
-10,386.2 Dec 2018 |
monthly |
Jan 2009 - Dec 2018 |
| United Kingdom (USD mn) |
-18,938.4 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| United States (USD mn) |
-80,114.0 Jul 2020 |
monthly |
Jan 1986 - Jul 2020 |
| Uruguay (USD mn) |
-113.7 Jul 2020 |
monthly |
Jan 1957 - Jul 2020 |
| Venezuela (USD mn) |
-3,437.1 Oct 2014 |
monthly |
Jan 1994 - Oct 2014 |
| Vietnam (USD mn) |
4,985.6 Aug 2020 |
monthly |
Jan 1996 - Aug 2020 |
| Yemen (USD mn) |
-371.7 May 2020 |
monthly |
Jun 1990 - May 2020 |
Nigeria Key Series
| Production | Last | Frequency | Range |
|---|---|---|---|
| Industrial Production Index Growth (%) |
-10.1 Mar 2020 |
quarterly |
Mar 2011 - Mar 2020 |
| Minerals Production (Metric Ton) |
136,888,431.000 2018 |
yearly |
2009 - 2018 |
| Gold Production (kg) |
20.000 2017 |
yearly |
1993 - 2017 |
| Motor Vehicle Production (Unit) |
2,040.000 2008 |
yearly |
1999 - 2008 |
| Industrial Production Index (2010=100) |
97.600 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Industrial Production Index: Manufacturing (2010=100) |
181.500 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Industrial Production Index: Mining (2010=100) |
56.400 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Capacity Utilization Rate: Manufacturing (%) |
55.000 Dec 2018 |
quarterly |
Dec 2008 - Dec 2018 |
| Electricity Generation: Average per Hour (MWh) |
3,630.500 Dec 2019 |
quarterly |
Mar 2005 - Dec 2019 |
| Electricity Consumption: Average per Hour (MWh) |
3,123.500 Mar 2020 |
quarterly |
Mar 2005 - Mar 2020 |
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) |
-3.2 Mar 2020 |
quarterly |
Dec 2010 - Mar 2020 |
| Consolidated Fiscal Balance (USD mn) |
-4,673.639 Mar 2020 |
quarterly |
Mar 2005 - Mar 2020 |
| National Government Debt (USD mn) |
74,350.1 Jun 2020 |
quarterly |
Dec 2006 - Jun 2020 |
| Government Debt: % of GDP (%) |
18.2 Jun 2020 |
quarterly |
Dec 2010 - Jun 2020 |
| Forecast: Government Expenditure (NGN bn) |
30,277.552 2024 |
yearly |
1990 - 2024 |
| Forecast: Government Net Debt (NGN bn) |
89,098.797 2024 |
yearly |
1990 - 2024 |
| Forecast: Government Revenue (NGN bn) |
19,020.111 2024 |
yearly |
1990 - 2024 |
| Gross Federation Account Revenue (NGN bn) |
2,527.270 Mar 2020 |
quarterly |
Mar 2005 - Mar 2020 |
| Federal Govt Balance (NGN bn) |
-1,462.910 Mar 2020 |
quarterly |
Mar 2005 - Mar 2020 |
| Gross Federation Account Revenue: Oil (NGN bn) |
1,563.650 Dec 2019 |
quarterly |
Mar 2005 - Dec 2019 |
| Federal Govt Revenue (NGN bn) |
864.880 Mar 2020 |
quarterly |
Mar 2005 - Mar 2020 |
| Federal Govt Expenditure (NGN bn) |
2,074.460 Dec 2019 |
quarterly |
Mar 2005 - Dec 2019 |
| Federal Govt Expenditure: Recurrent (NGN bn) |
1,513.940 Dec 2019 |
quarterly |
Mar 2005 - Dec 2019 |
| Federal Govt Expenditure: Capital (NGN bn) |
472.540 Mar 2020 |
quarterly |
Mar 2005 - Mar 2020 |
| Government Debt: Domestic (NGN bn) |
15,455.699 Jun 2020 |
quarterly |
Dec 2005 - Jun 2020 |
| Demographic and Labour Market | Last | Frequency | Range |
|---|---|---|---|
| Population (Person mn) |
206.1 2020 |
yearly |
1950 - 2020 |
| Labour Force Participation Rate (%) |
52.7 2020 |
yearly |
1990 - 2020 |
| Employed Persons (Person) |
58,527,276.300 Jun 2020 |
quarterly |
Mar 2012 - Jun 2020 |
| Unemployment Rate (%) |
27.11 Jun 2020 |
quarterly |
Mar 2012 - Jun 2020 |
| Labour Productivity Growth (%) |
1.14 Sep 2018 |
quarterly |
Mar 2013 - Sep 2018 |
| Forecast: Population (Person mn) |
227.713 2024 |
yearly |
1980 - 2024 |
| Forecast: Employment (Person mn) |
0.000 |
yearly |
- |
| Forecast: Unemployment Rate (%) |
22.562 2018 |
yearly |
2010 - 2018 |
| Population: Male (Person mn) |
101.447 2017 |
yearly |
2006 - 2017 |
| Population: Female (Person mn) |
98.234 2017 |
yearly |
2006 - 2017 |
| Labour Force: Economically Active (Person) |
80,291,894.000 Jun 2020 |
quarterly |
Mar 2012 - Jun 2020 |
| Labour Force: Economically Active: Employment: Male (Person) |
21,144,497.000 Jun 2020 |
quarterly |
Mar 2014 - Jun 2020 |
| Labour Force: Economically Active: Employment Female (Person) |
14,440,777.000 Jun 2020 |
quarterly |
Mar 2014 - Jun 2020 |
| Labour Force: Unemployment: Male (Person) |
9,561,739.700 Jun 2020 |
quarterly |
Mar 2012 - Jun 2020 |
| Labour Force: Economically Active: Employment (Person) |
58,527,276.300 Jun 2020 |
quarterly |
Mar 2012 - Jun 2020 |
| Labour Force: Unemployment: Female (Person) |
12,202,877.500 Jun 2020 |
quarterly |
Mar 2012 - Jun 2020 |
| Labour Force: Economically Active: Unemployment (Person) |
21,764,617.200 Jun 2020 |
quarterly |
Mar 2012 - Jun 2020 |
| Labour Force: Economically Active: Male (Person) |
41,664,913.000 Jun 2020 |
quarterly |
Mar 2014 - Jun 2020 |
| Labour Force: Economically Active: Female (Person) |
38,626,981.000 Jun 2020 |
quarterly |
Mar 2014 - Jun 2020 |
| NG: Employment Index (2010=100) |
112.760 2017 |
yearly |
2010 - 2017 |
| Domestic Trade and Household Survey | Last | Frequency | Range |
|---|---|---|---|
| Motor Vehicles Sales (Unit) |
9,800 2019 |
yearly |
2005 - 2019 |
| Motor Vehicles Sales Growth (%) |
-42.4 2019 |
yearly |
2006 - 2019 |
| Motor Vehicle Sales: Commercial Cars (Unit) |
4,700.000 Dec 2019 |
semiannually |
Dec 2005 - Dec 2019 |
| Motor Vehicle Sales: Passenger Cars (Unit) |
5,100.000 Dec 2019 |
semiannually |
Dec 2005 - Dec 2019 |
| Consumer Confidence: Net Balance (% Point) |
23.7 Jun 2020 |
quarterly |
Jun 2009 - Jun 2020 |
| Consumer Confidence Growth (% Point) |
-6.8 Jun 2020 |
quarterly |
Jun 2010 - Jun 2020 |
| Inflation | Last | Frequency | Range |
|---|---|---|---|
| Consumer Price Index CPI Growth (%) |
13.2 Aug 2020 |
monthly |
Jan 1961 - Aug 2020 |
| Core CPI Change (%) |
11.068 Aug 2020 |
monthly |
Jan 1996 - Aug 2020 |
| CPI: Food and Non Alcoholic Beverage Change (%) |
15.915 Aug 2020 |
monthly |
Jan 1996 - Aug 2020 |
| Forecast: Consumer Price Index Growth (%) |
12.370 2021 |
yearly |
1996 - 2021 |
| Consumer Price Index (Nov2009=100) |
334.572 Aug 2020 |
monthly |
Jan 1995 - Aug 2020 |
| Consumer Price Index: Food and Non Alcoholic Beverages (Nov2009=100) |
373.317 Aug 2020 |
monthly |
Jan 1995 - Aug 2020 |
| Consumer Price Index: Alcoholic Beverages, Tobacco and Kola (Nov2009=100) |
254.923 Aug 2020 |
monthly |
Jan 1995 - Aug 2020 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) |
2.507 2024 |
yearly |
1991 - 2024 |
| Trade Balance (USD mn) |
-2,239.0 Jun 2020 |
monthly |
Jan 2003 - Jun 2020 |
| Total Exports (USD mn) |
2,764.0 May 2020 |
monthly |
Jan 1981 - May 2020 |
| Total Exports Growth (%) |
-46.9 May 2020 |
monthly |
Jan 1982 - May 2020 |
| Aluminum: Exports (USD th) |
219.434 2019 |
yearly |
1995 - 2019 |
| Exports: Medicament (USD th) |
2,058.678 2019 |
yearly |
1995 - 2019 |
| Exports: Medicinal and Pharmaceutical Product (USD th) |
374.584 2019 |
yearly |
1995 - 2019 |
| Total Imports (USD mn) |
1,871.8 May 2020 |
monthly |
Jan 1981 - May 2020 |
| Total Imports Growth (%) |
-44.4 May 2020 |
monthly |
Jan 1982 - May 2020 |
| Imports: Medicament (USD th) |
972,000.088 2019 |
yearly |
1995 - 2019 |
| Imports: Medicinal and Pharmaceutical Product (USD th) |
303,920.333 2019 |
yearly |
1995 - 2019 |
| Total Exports to USA (USD mn) |
39.181 Jun 2020 |
monthly |
Jan 2003 - Jun 2020 |
| Total Imports from USA (USD mn) |
440.409 Jun 2020 |
monthly |
Dec 2009 - Jun 2020 |
| Total Exports to China (USD mn) |
344.800 Jun 2020 |
monthly |
Jan 2007 - Jun 2020 |
| Total Imports from China (USD mn) |
1,452.891 Jun 2020 |
monthly |
Jan 2007 - Jun 2020 |
| Exports: Crude Oil (NGN mn) |
662,778.227 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Exports (NGN mn) |
965,633.840 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Exports: Europe: ow UK (NGN mn) |
16,804.572 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Exports: Europe: ow Netherlands (NGN mn) |
79,219.039 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Exports: America: ow USA (NGN mn) |
21,497.458 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Europe: ow Germany (NGN mn) |
47,363.917 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Europe: ow UK (NGN mn) |
32,892.642 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Europe: ow Netherlands (NGN mn) |
24,669.374 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Asia: ow China (NGN mn) |
388,762.256 Mar 2020 |
monthly |
Jan 2007 - Mar 2020 |
| Imports: America: ow USA (NGN mn) |
129,241.013 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) |
31,542.858 2019 |
yearly |
2003 - 2019 |
| Exports: Vegetable Products (NGN mn) |
155,226.703 2019 |
yearly |
2003 - 2019 |
| Exports: Mineral Products (NGN mn) |
18,012,406.653 2018 |
yearly |
2003 - 2018 |
| Imports (NGN mn) |
1,127,880.093 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Food and Live Animals (NGN mn) |
152,121.791 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) |
19,264.671 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Chemicals and Chemical Products (NGN mn) |
145,305.290 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Manufactured Goods (NGN mn) |
90,534.292 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Imports: Machinery and Transport Equipment (NGN mn) |
599,380.267 Mar 2020 |
monthly |
Jan 2003 - Mar 2020 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) |
360.8 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Current Account Balance (USD mn) |
-4,881.7 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Current Account Balance: % of GDP (%) |
-4.3 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Foreign Direct Investment (USD mn) |
427.8 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Foreign Direct Investment: % of GDP (%) |
0.4 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Foreign Portfolio Investment: Equity Securities (USD mn) |
-1,414.2 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Foreign Portfolio Investment: % of GDP (%) |
-7.3 Mar 2020 |
quarterly |
Mar 2010 - Mar 2020 |
| Foreign Portfolio Investment (USD mn) |
-8,335.657 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| Foreign Portfolio Investment: Debt Securities (USD mn) |
-6,921.495 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| External Debt (USD mn) |
8,991.3 Mar 2013 |
quarterly |
Jun 2011 - Mar 2013 |
| External Debt: % of GDP (%) |
1.9 2012 |
yearly |
2011 - 2012 |
| External Debt: Short Term (USD mn) |
310.7 2018 |
yearly |
2008 - 2018 |
| External Debt: Short Term: % of GDP (%) |
0.1 2018 |
yearly |
2008 - 2018 |
| Forecast: Current Account Balance (USD bn) |
-1.395 2024 |
yearly |
1980 - 2024 |
| Net International Investment Position (USD mn) |
-72,916.692 2019 |
yearly |
2005 - 2019 |
| BoP: CF: Financial Account: Assets: Direct Investment (USD mn) |
-360.759 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Assets: Other Investment (USD mn) |
-1,144.953 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Assets (USD mn) |
2,780.029 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account (USD mn) |
-6,300.421 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Assets: Portfolio Investment (USD mn) |
-99.940 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Capital Account (USD mn) |
0.000 Dec 2019 |
quarterly |
Mar 2008 - Dec 2019 |
| BoP: CA: Current Transfers (USD mn) |
6,148.454 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Current Transfers: Debit (USD mn) |
-139.810 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Current Transfers: Credit (USD mn) |
6,288.264 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Goods: Credit (USD mn) |
13,389.360 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Liabilities (USD mn) |
-9,080.450 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Assets: Reserves Assets (USD mn) |
4,385.681 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Income: Credit (USD mn) |
542.555 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Services: Debit (USD mn) |
-8,896.739 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Services: Credit (USD mn) |
1,120.401 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Services (USD mn) |
-7,776.338 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Liabilities: Other Investment (USD mn) |
-1,172.552 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CF: Financial Account: Liabilities: Portfolio Investment (USD mn) |
-8,335.657 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: Net Errors & Omission (USD mn) |
11,182.152 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Goods (USD mn) |
-439.906 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Goods: Debit (USD mn) |
-13,829.265 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Income (USD mn) |
-2,813.940 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| BoP: CA: Income: Debit (USD mn) |
-3,356.495 Mar 2020 |
quarterly |
Mar 2008 - Mar 2020 |
| External Debt: Government (USD mn) |
31,477.140 Jun 2020 |
quarterly |
Dec 2006 - Jun 2020 |
| External Debt: Government: International Capital Market (USD mn) |
10,868.350 Jun 2020 |
quarterly |
Mar 2011 - Jun 2020 |
| External Debt: Service Payments (USD mn) |
194.440 Dec 2018 |
quarterly |
Mar 2008 - Dec 2018 |
| Capital Inflow: Foreign Direct Investment (USD) |
121,386,927.600 Jun 2020 |
monthly |
Jan 2007 - Jun 2020 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) |
11.4 2018 |
yearly |
2003 - 2018 |
| Money Supply M1 (USD mn) |
34,866.364 Aug 2020 |
monthly |
Nov 1992 - Aug 2020 |
| Money Supply M2 (USD mn) |
90,823.764 Aug 2020 |
monthly |
Nov 1992 - Aug 2020 |
| M2 Growth (%) |
24.2 Aug 2020 |
monthly |
Nov 1993 - Aug 2020 |
| Reserve Requirement Ratio (%) |
27.5 Sep 2020 |
monthly |
Nov 2005 - Sep 2020 |
| Foreign Exchange Reserves (USD mn) |
35,671.3 Aug 2020 |
monthly |
Jan 1960 - Aug 2020 |
| Foreign Exchange Reserves: % of GDP (%) |
7.765 Jun 2020 |
quarterly |
Dec 2010 - Jun 2020 |
| Foreign Exchange Reserves: Months of Import (NA) |
19.3 May 2020 |
monthly |
Jan 1981 - May 2020 |
| Gold Reserves (USD mn) |
0.062 Jan 2018 |
monthly |
Dec 1950 - Jan 2018 |
| Total Deposits (USD mn) |
84,227.541 Dec 2019 |
monthly |
Nov 1992 - Dec 2019 |
| Total Deposits Growth (%) |
2.6 Dec 2019 |
monthly |
Nov 1993 - Dec 2019 |
| Domestic Credit (USD mn) |
102,680.6 Aug 2020 |
monthly |
Nov 1992 - Aug 2020 |
| Domestic Credit Growth (%) |
12.9 Aug 2020 |
monthly |
Nov 1993 - Aug 2020 |
| Private Debt: % of Nominal GDP (%) |
11.06 Jun 2020 |
quarterly |
Dec 2010 - Jun 2020 |
| Monetary Survey: Liabilities: M3 (NGN mn) |
35,345,802.020 Jun 2020 |
monthly |
Nov 1992 - Jun 2020 |
| Monetary Survey: Liabilities: M2 (NGN mn) |
34,221,096.620 Aug 2020 |
monthly |
Nov 1992 - Aug 2020 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) |
13,137,147.730 Aug 2020 |
monthly |
Nov 1992 - Aug 2020 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) |
21,083,948.890 Aug 2020 |
monthly |
Nov 1992 - Aug 2020 |
| Monetary Survey: Liabilities: Base Money (NGN mn) |
13,692,387.330 Aug 2020 |
monthly |
Jan 1993 - Aug 2020 |
| Non Performing Loans to Gross Loans (%) |
9.335 Jun 2019 |
semiannually |
Dec 2003 - Jun 2019 |
| Banking Statistics | Last | Frequency | Range |
|---|---|---|---|
| Liquid Assets Ratio (%) |
32.5 Mar 2020 |
monthly |
Jun 2001 - Mar 2020 |
| Capital Adequacy Ratio (%) |
15.3 2018 |
yearly |
2004 - 2018 |
| Monetary Authorities: Assets (NGN mn) |
43,854,805.160 Dec 2019 |
monthly |
Dec 2001 - Dec 2019 |
| Central Bank of Nigeria: Assets (NGN th) |
29,478,837,009.000 Oct 2019 |
monthly |
Jan 2005 - Oct 2019 |
| Banking Sector: Regulatory Capital to Risk Weighted Assets (%) |
15.272 Jun 2019 |
semiannually |
Jun 2008 - Jun 2019 |
| Banking Sector: Tier 1 Capital to Risk Weighted Assets (%) |
13.555 Jun 2019 |
semiannually |
Jun 2008 - Jun 2019 |
| Banking Sector: Liquid Assets to Total Assets (%) |
22.640 Dec 2018 |
semiannually |
Jun 2008 - Dec 2018 |
| Banking Sector: Liquid Assets to Short Term Liabilities (%) |
35.106 Jun 2019 |
semiannually |
Jun 2008 - Jun 2019 |
| Banking Sector: Return on Assets (%) |
2.529 Jun 2019 |
semiannually |
Jun 2008 - Jun 2019 |
| Banking Sector: Interest Margin to Gross Income (%) |
67.270 Dec 2018 |
semiannually |
Jun 2008 - Dec 2018 |
| Interest and Foreign Exchange Rates | Last | Frequency | Range |
|---|---|---|---|
| Bank Lending Rate (% pa) |
11.760 Aug 2020 |
monthly |
Jan 2006 - Aug 2020 |
| Exchange Rate against USD (NGN/USD) |
376.786 Aug 2020 |
monthly |
Jan 1957 - Aug 2020 |
| Policy Rate (% pa) |
12.50 Aug 2020 |
monthly |
Dec 2006 - Aug 2020 |
| Short Term Interest Rate (% pa) |
3.18 Aug 2020 |
monthly |
Jan 2010 - Aug 2020 |
| Real Effective Exchange Rate (2005=100) |
136.0 Aug 2020 |
monthly |
Dec 1979 - Aug 2020 |
| Deposit Rate: Savings Deposits (% pa) |
3.780 Aug 2020 |
monthly |
Jan 2006 - Aug 2020 |
| Prime Lending Rate (% pa) |
11.760 Aug 2020 |
monthly |
Jan 2006 - Aug 2020 |
| Energy | Last | Frequency | Range |
|---|---|---|---|
| Electricity Production (GWh) |
7,720 Mar 2020 |
quarterly |
Mar 2005 - Mar 2020 |
| Natural Gas Production: OPEC: Marketed Production (Cub m mn) |
47,827.878 2019 |
yearly |
1963 - 2019 |
| Natural Gas: Exports (Cub m mn) |
35,953.100 2019 |
yearly |
1960 - 2019 |
| Crude Oil: Production (Barrel/Day th) |
1,482.000 Aug 2020 |
monthly |
Jan 2002 - Aug 2020 |
| Crude Oil: Exports (Barrel/Day th) |
2,008.228 2019 |
yearly |
1980 - 2019 |
| Tourism | Last | Frequency | Range |
|---|---|---|---|
| Visitor Arrivals (Person) |
5,265,000 2016 |
yearly |
1995 - 2016 |
| Visitor Arrivals Growth (%) |
-12.5 2016 |
yearly |
1996 - 2016 |
| Tourism Revenue (USD mn) |
1,977 2018 |
yearly |
1995 - 2018 |
| Tourism Revenue Growth (%) |
-24.4 2018 |
yearly |
1996 - 2018 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence: Net Balance (% Point) |
0.6 Aug 2020 |
monthly |
Feb 2018 - Aug 2020 |
| Business Confidence Growth (% Point) |
-18.8 Aug 2020 |
monthly |
Jul 2015 - Aug 2020 |
| Financial Market | Last | Frequency | Range |
|---|---|---|---|
| Equity Market Index (03Jan1984=100) |
25,327.1 Aug 2020 |
monthly |
Jan 1985 - Aug 2020 |
| Market Capitalization: % of GDP (%) |
9.0 2019 |
yearly |
1985 - 2019 |
| Market Capitalization (USD mn) |
35,067.479 Aug 2020 |
monthly |
Jan 1985 - Aug 2020 |
| P/E ratio (NA) |
19.113 2019 |
yearly |
2014 - 2019 |
| Market Capitalization: Nigeria Stock Exchange (NGN tn) |
29.456 Aug 2020 |
monthly |
Jun 2008 - Aug 2020 |
| Shares Trading: Nigeria Stock Exchange: Volume (Unit bn) |
5.560 May 2020 |
monthly |
Jan 2008 - May 2020 |
| Shares Trading: Nigeria Stock Exchange: Value (NGN bn) |
64.180 Dec 2019 |
monthly |
Jan 2008 - Dec 2019 |
| Transport and Telecommunications | Last | Frequency | Range |
|---|---|---|---|
| Motor Vehicle Registered (Unit th) |
3,750.000 2015 |
yearly |
2005 - 2015 |
| Container Port Throughput (TEU) |
1,210,000.000 2018 |
yearly |
2008 - 2018 |
| Liner Shipping Connectivity Index (2004=100) |
18.960 2018 |
yearly |
2004 - 2018 |
| Number of Subscriber Fixed Line (Unit) |
140,491.000 2018 |
yearly |
1960 - 2018 |
| Number of Subscriber Mobile (Person) |
172,730,603.000 2018 |
yearly |
1960 - 2018 |
| Teledensity: Fixed Line (Number) |
0.072 2018 |
yearly |
1960 - 2018 |
| Teledensity: Mobile (Number) |
88.184 2018 |
yearly |
1960 - 2018 |
| Exports: ICT Goods (USD th) |
40.102 2018 |
yearly |
2000 - 2018 |
| Exports: Telecommunication Equipment (USD th) |
7,540.792 2019 |
yearly |
1995 - 2019 |
| Exports: Television (USD th) |
933.276 2019 |
yearly |
1995 - 2019 |
| Imports: ICT Goods (USD th) |
1,323,695.494 2018 |
yearly |
2000 - 2018 |
| Imports: Telecommunication Equipment (USD th) |
1,318,760.821 2019 |
yearly |
1995 - 2019 |
| Imports: Television (USD th) |
217,089.167 2019 |
yearly |
1995 - 2019 |
| Passenger Traffic: Airport (Person) |
17,230,438.000 2018 |
yearly |
2003 - 2018 |