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Nigeria Trade Balance

2003 - 2017 | Monthly | USD mn | CEIC

Nigeria's Trade Balance recorded a surplus of 492.5 USD mn in Jun 2017, compared with a surplus of 798.4 USD mn in the previous month. Nigeria's Trade Balance data is updated monthly, available from Jan 2003 to Jun 2017, with an averaged value of 2.4 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 3.7 USD bn in Jul 2017, an increase of 3.3 % year on year. Total Imports recorded 2.8 USD bn in Jul 2017, an increase of 18.7 % year on year.

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What was Nigeria's Trade Balance in Jun 2017?

Last Previous Min Max Unit Frequency Range

492.5

Jun 2017

798.4

May 2017

-3,934.8

Mar 2011

14,402.0

Oct 2011

USD mn

monthly

Jan 2003 - Jun 2017

Updated on Sep 2017

View Nigeria's Trade Balance from Jan 2003 to Jun 2017 in the chart:

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Trade Balance: USD mn: Monthly: Nigeria

Series Details
Series ID

380492087

Name

Trade Balance: USD mn: Monthly: Nigeria

Country

Nigeria

Frequency

Monthly

Unit

USD mn

Status

Active

Source

CEIC Generate

First Date

Jan 2003

Last Date

Jun 2017

Last Updated

13 Sep 2017

Statistics
Mean

3,080.75

Variance

9,923,814.45

Standard deviation

3,150.21

Skewness

1.24

Kurtosis

1.91

Coefficient variation

1.02

Median

2,361.39

Max
Oct 2011

14,402.02

Min
Mar 2011

-3,934.84

Previous observation
May 2017

798.45

Last observation
Jun 2017

492.50

Number of Observations

174

Get This Data

More Countries for Trade Balance

Country Last Previous Min Max Unit Frequency Range
United States

-64,112.0

Sep 2017

-63,732.0

Aug 2017

-76,025.0

Jul 2008

-3,668.5

Feb 1992

USD mn

monthly

Jan 1986 - Sep 2017

Updated on Nov 2017
Canada

-2,589.5

Sep 2017

-2,523.3

Aug 2017

-3,247.4

Sep 2016

6,351.1

Oct 2005

USD mn

monthly

Jan 1988 - Sep 2017

Updated on Nov 2017
France

-5,562.2

Sep 2017

-4,955.6

Aug 2017

-10,302.8

Apr 2011

1,636.9

Dec 2003

USD mn

monthly

Jan 2000 - Sep 2017

Updated on Nov 2017
Germany

26,006.1

Sep 2017

25,185.3

Aug 2017

-443.5

May 1991

28,608.8

Jul 2014

USD mn

monthly

Jan 1957 - Sep 2017

Updated on Nov 2017
Italy

5,875.5

Sep 2017

4,343.6

Aug 2017

-5,835.1

Mar 2011

6,047.4

Dec 2014

USD mn

monthly

Jan 1993 - Sep 2017

Updated on Nov 2017
Japan

2,859.4

Oct 2017

2,406.3

Sep 2017

-17,598.8

Mar 2014

11,294.8

Feb 2004

USD mn

monthly

Apr 1995 - Oct 2017

Updated on Nov 2017
United Kingdom

-24,147.3

Sep 2017

-19,904.0

Aug 2017

-27,022.9

Sep 2012

3,491.1

May 2013

USD mn

monthly

Jan 1957 - Sep 2017

Updated on Nov 2017
Austria

-850.5

Aug 2017

-402.4

Jul 2017

-1,799.4

Aug 2011

724.8

Nov 2014

USD mn

monthly

Jan 1957 - Aug 2017

Updated on Nov 2017
Belgium

1,634.3

Sep 2017

-1,662.3

Aug 2017

-3,279.1

Aug 2011

1,685.6

Jul 1997

USD mn

monthly

Jan 1995 - Sep 2017

Updated on Nov 2017
Denmark

1,115.8

Sep 2017

687.9

Aug 2017

-110.2

May 1998

1,894.0

Jan 2011

USD mn

monthly

Jan 1997 - Sep 2017

Updated on Nov 2017
Estonia

-118.6

Sep 2017

-122.8

Aug 2017

-475.6

Apr 2007

22.6

Feb 2010

USD mn

monthly

Jan 1993 - Sep 2017

Updated on Nov 2017
Ireland

4,282.5

Sep 2017

3,901.5

Aug 2017

-360.7

Jun 1979

5,708.1

Aug 2012

USD mn

monthly

Jan 1970 - Sep 2017

Updated on Nov 2017
Lithuania

-262.0

Sep 2017

-249.2

Aug 2017

-776.0

Jan 2008

-4.8

Nov 2012

USD mn

monthly

Jan 1999 - Sep 2017

Updated on Nov 2017
Argentina

-838.0

Sep 2017

-733.0

Aug 2017

-1,123.0

Feb 2014

2,129.0

Jan 2008

USD mn

monthly

Jan 1991 - Sep 2017

Updated on Oct 2017
Luxembourg

-627.4

Aug 2017

-470.1

Jul 2017

-1,400.1

Oct 2011

-31.8

May 1989

USD mn

monthly

Jan 1988 - Aug 2017

Updated on Oct 2017
Malta

-355.1

Sep 2017

-208.7

Aug 2017

-627.9

Feb 2016

-3.5

Sep 1986

USD mn

monthly

Jan 1960 - Sep 2017

Updated on Nov 2017
Bolivia

-30.0

Sep 2017

-128.3

Aug 2017

-364.3

Dec 2015

530.5

Sep 2012

USD mn

monthly

Oct 1994 - Sep 2017

Updated on Nov 2017
Brazil

5,201.4

Oct 2017

5,172.2

Sep 2017

-4,066.7

Jan 2014

7,661.3

May 2017

USD mn

monthly

Jan 1959 - Oct 2017

Updated on Nov 2017
Chile

582.8

Oct 2017

713.9

Sep 2017

-1,384.7

Oct 2008

2,968.7

Apr 2007

USD mn

monthly

Jan 1964 - Oct 2017

Updated on Nov 2017
Portugal

-1,406.9

Sep 2017

-1,527.7

Aug 2017

-3,507.9

Apr 2008

4.5

Jan 1974

USD mn

monthly

Jan 1957 - Sep 2017

Updated on Nov 2017
Colombia

-449.7

Sep 2017

-1,117.6

Aug 2017

-1,968.1

Jan 2015

808.6

Dec 2011

USD mn

monthly

Jan 1958 - Sep 2017

Updated on Nov 2017
Spain

-3,018.6

Aug 2017

-3,231.2

Jul 2017

-15,352.7

Mar 2008

-198.8

Mar 2013

USD mn

monthly

Jan 1985 - Aug 2017

Updated on Oct 2017
Panama

-1,024.9

Sep 2017

-1,068.9

Aug 2017

-1,274.3

Oct 2014

-1.0

Apr 1988

USD mn

monthly

Jan 1964 - Sep 2017

Updated on Nov 2017
Sweden

324.6

Sep 2017

-816.5

Aug 2017

-1,239.8

Aug 2016

2,791.0

Mar 2006

USD mn

monthly

Jan 1957 - Sep 2017

Updated on Oct 2017
Paraguay

-337.8

Oct 2017

-271.8

Sep 2017

-463.0

Dec 2014

198.3

Apr 2014

USD mn

monthly

Jan 1994 - Oct 2017

Updated on Nov 2017
Uruguay

28.3

Sep 2017

-68.4

Aug 2017

-485.1

Jan 2014

173.1

Jun 2013

USD mn

monthly

Jan 1957 - Sep 2017

Updated on Oct 2017
Venezuela

-3,437.1

Oct 2014

-4,228.3

Sep 2014

-5,319.9

Nov 2012

-60.7

Apr 2003

USD mn

monthly

Jan 1994 - Oct 2014

Updated on Sep 2016
Algeria

-1,217.0

Jun 2017

-1,220.0

May 2017

-2,141.0

Dec 2014

7,336.0

Aug 2008

USD mn

monthly

Jan 2000 - Jun 2017

Updated on Oct 2017
Australia

1,391.5

Sep 2017

691.0

Aug 2017

-3,743.7

Nov 2012

3,186.7

Dec 2016

USD mn

monthly

Jul 1971 - Sep 2017

Updated on Nov 2017
Bangladesh

-1,069.8

Aug 2017

-1,129.1

Jul 2017

-1,538.9

Jan 2012

14.6

Mar 1987

USD mn

monthly

Jul 1986 - Aug 2017

Updated on Oct 2017
Brunei

108.5

Aug 2017

253.1

Jul 2017

25.0

Jul 2015

991.7

Feb 2012

USD mn

monthly

Jan 2003 - Aug 2017

Updated on Oct 2017
Cambodia

-439.0

Jul 2017

-526.7

Jun 2017

-779.4

May 2017

227.1

Jun 2010

USD mn

monthly

Jan 1981 - Jul 2017

Updated on Oct 2017
China

38,173.6

Oct 2017

28,605.5

Sep 2017

-31,483.3

Feb 2012

63,286.8

Jan 2016

USD mn

monthly

Jan 1981 - Oct 2017

Updated on Nov 2017
Botswana

-98.1

Jul 2017

112.3

Jun 2017

-865.0

Jul 2012

370.5

May 2016

USD mn

monthly

Jan 2001 - Jul 2017

Updated on Nov 2017
Hong Kong

-5,722.4

Sep 2017

-4,542.0

Aug 2017

-7,641.5

Dec 2014

931.9

Jan 2009

USD mn

monthly

Jan 1957 - Sep 2017

Updated on Oct 2017
India

-14,018.8

Oct 2017

-8,984.3

Sep 2017

-20,210.9

Oct 2012

258.9

Mar 1977

USD mn

monthly

Jan 1957 - Oct 2017

Updated on Nov 2017
South Korea

7,135.8

Oct 2017

13,421.9

Sep 2017

-4,043.5

Jan 2008

13,421.9

Sep 2017

USD mn

monthly

Jan 1957 - Oct 2017

Updated on Nov 2017
Malawi

-89.2

Aug 2016

-76.8

Mar 2016

-212.7

Jun 2014

61.4

Sep 1996

USD mn

monthly

Jan 1964 - Aug 2016

Updated on Nov 2017
Malaysia

1,620.7

Sep 2017

2,093.8

Aug 2017

-680.5

Feb 1997

4,845.8

May 2008

USD mn

monthly

Jan 1990 - Sep 2017

Updated on Nov 2017
Laos

-207.9

Jun 2017

-152.5

Mar 2017

-734.7

Mar 2015

31.7

Dec 2011

USD mn

quarterly

Dec 1992 - Jun 2017

Updated on Oct 2017
Macau

-770.7

Sep 2017

-672.1

Aug 2017

-1,002.7

Dec 2014

79.0

Jul 2000

USD mn

monthly

Jan 1998 - Sep 2017

Updated on Oct 2017
Nepal

-792.9

Sep 2017

-688.1

Aug 2017

-871.8

Apr 2017

1.7

Aug 1975

USD mn

monthly

Aug 1974 - Sep 2017

Updated on Oct 2017
New Zealand

-829.6

Sep 2017

-861.2

Aug 2017

-1,105.4

Sep 2014

913.8

Apr 2011

USD mn

monthly

Jan 1957 - Sep 2017

Updated on Oct 2017
Singapore

2,168.3

Oct 2017

3,771.6

Sep 2017

-1,262.0

Oct 1993

6,160.4

Mar 2015

USD mn

monthly

Jan 1976 - Oct 2017

Updated on Nov 2017
Taiwan

4,629.3

Oct 2017

6,204.6

Sep 2017

-272.1

Mar 2008

6,527.7

Feb 2015

USD mn

monthly

Jan 2008 - Oct 2017

Updated on Nov 2017
Vietnam

2,181.1

Oct 2017

1,101.3

Sep 2017

-2,850.0

May 2008

2,181.1

Oct 2017

USD mn

monthly

Jan 1996 - Oct 2017

Updated on Nov 2017
Albania

-285.1

Oct 2017

-259.8

Sep 2017

-397.3

Dec 2008

-38.6

Feb 1999

USD mn

monthly

Oct 1998 - Oct 2017

Updated on Nov 2017
Armenia

-210.5

Oct 2017

-196.5

Sep 2017

-365.3

Dec 2008

-21.9

Dec 2001

USD mn

monthly

Nov 1995 - Oct 2017

Updated on Nov 2017
Azerbaijan

129.9

Oct 2017

43.0

Sep 2017

-473.6

Jan 2005

16,372.3

Jul 2008

USD mn

monthly

Jan 2000 - Oct 2017

Updated on Nov 2017
Belarus

-61.8

Sep 2017

7.0

Aug 2017

-1,264.7

Nov 2010

688.5

Mar 2012

USD mn

monthly

Jan 2000 - Sep 2017

Updated on Nov 2017
Georgia

-468.0

Oct 2017

-431.1

Sep 2017

-630.8

Dec 2014

-6.3

Apr 1995

USD mn

monthly

Jan 1995 - Oct 2017

Updated on Nov 2017
Kazakhstan

1,602.0

Sep 2017

920.8

Aug 2017

-212.7

Nov 1998

5,885.5

Aug 2011

USD mn

monthly

Sep 1995 - Sep 2017

Updated on Nov 2017
Moldova

-206.7

Sep 2017

-221.8

Aug 2017

-350.2

Dec 2013

-23.2

Jan 2004

USD mn

monthly

Jan 2004 - Sep 2017

Updated on Nov 2017
Mongolia

206.5

Oct 2017

104.0

Sep 2017

-369.7

Jul 2012

361.6

Dec 2016

USD mn

monthly

Jan 1997 - Oct 2017

Updated on Nov 2017
Mauritius

-233.5

Aug 2017

-226.2

Jul 2017

-329.9

Nov 2012

-83.6

Feb 2007

USD mn

monthly

Jan 2006 - Aug 2017

Updated on Oct 2017
Montenegro

-194.2

Sep 2017

-188.3

Aug 2017

-350.5

Jul 2008

-12.6

Feb 2005

USD mn

monthly

Jan 2005 - Sep 2017

Updated on Oct 2017
Russia

11,546.5

Sep 2017

7,949.2

Aug 2017

1,164.8

Feb 1998

21,938.7

Dec 2011

USD mn

monthly

Jan 1998 - Sep 2017

Updated on Nov 2017
Serbia

-305.5

Sep 2017

-407.5

Aug 2017

-1,232.0

Dec 2004

-161.0

Aug 2001

USD mn

monthly

Jan 2001 - Sep 2017

Updated on Oct 2017
Tajikistan

77.1

Sep 2017

-183.5

Aug 2017

-477.0

May 2014

77.1

Sep 2017

USD mn

monthly

Jan 2000 - Sep 2017

Updated on Oct 2017
Turkey

-8,616.5

Sep 2017

-5,941.5

Aug 2017

-10,134.6

Sep 2011

-453.8

May 2001

USD mn

monthly

Jan 1997 - Sep 2017

Updated on Oct 2017
Morocco

-1,455.7

Sep 2017

-1,600.8

Aug 2017

-2,655.4

May 2012

15.2

Dec 1964

USD mn

monthly

Jan 1957 - Sep 2017

Updated on Nov 2017
Nigeria

492.5

Jun 2017

798.4

May 2017

-3,934.8

Mar 2011

14,402.0

Oct 2011

USD mn

monthly

Jan 2003 - Jun 2017

Updated on Sep 2017
Oman

97.3

Mar 2017

885.0

Feb 2017

-64.8

Dec 2015

2,533.9

Sep 2014

USD mn

monthly

Jan 1975 - Mar 2017

Updated on Sep 2017
Qatar

9,119.0

Jun 2017

8,777.2

Mar 2017

-211.5

Sep 1998

29,536.3

Mar 2013

USD mn

quarterly

Mar 1998 - Jun 2017

Updated on Nov 2017
Saudi Arabia

43,409.9

2016

28,874.7

2015

308.7

1957

233,112.2

2011

USD mn

yearly

1957 - 2016

Updated on 2017
South Africa

303.9

Sep 2017

452.2

Aug 2017

-2,207.1

Oct 2007

2,192.5

Dec 2010

USD mn

monthly

Oct 2004 - Sep 2017

Updated on Oct 2017
Sudan

-157.9

Jun 2017

-233.0

May 2017

-987.6

Dec 2012

704.2

May 2011

USD mn

monthly

Jan 2003 - Jun 2017

Updated on Aug 2017
Syria

-5,428.0

2016

-6,870.9

2015

-10,247.0

2014

8,040.7

2002

USD mn

yearly

1950 - 2016

Updated on 2017
Yemen

-485.1

Jul 2017

-575.1

Jun 2017

-1,274.2

May 2014

430.2

Jan 2006

USD mn

monthly

Jun 1990 - Jul 2017

Updated on Oct 2017
United Arab Emirates

-12,149.4

Mar 2017

-11,096.6

Feb 2017

-14,074.2

Nov 2014

-7,439.0

Sep 2009

USD mn

monthly

Jan 2009 - Mar 2017

Updated on Oct 2017
Egypt

-3,314.0

Aug 2017

-3,497.0

Jul 2017

-5,056.1

Aug 2014

180.9

Sep 1980

USD mn

monthly

Jan 1957 - Aug 2017

Updated on Nov 2017
Ivory Coast

-52.4

Jul 2017

212.9

Jun 2017

-456.6

Dec 2014

991.6

Jan 2015

USD mn

monthly

Jan 1981 - Jul 2017

Updated on Oct 2017
European Union

3,731.4

Sep 2017

910.3

Aug 2017

-48,562.3

Jul 2008

17,229.5

May 2013

USD mn

monthly

Jan 2002 - Sep 2017

Updated on Nov 2017
Kenya

-873.4

Sep 2017

-991.0

Aug 2017

-1,344.8

Sep 2014

74.5

Oct 1992

USD mn

monthly

Oct 1992 - Sep 2017

Updated on Nov 2017
Kosovo

-254.9

Sep 2017

-312.7

Aug 2017

-312.7

Aug 2017

-49.9

Jan 2003

USD mn

monthly

Jan 2003 - Sep 2017

Updated on Oct 2017

More Indicators for Nigeria

Indicator Last Previous Min Max Unit Frequency Range
Government Debt: % of GDP

14.3

2016

11.6

2015

7.3

2008

79.4

1992

%

yearly

1981 - 2016

Updated on 2017
Business Confidence: Net Balance

-17.6

Sep 2017

-7.4

Jun 2017

-24.3

Sep 2016

24.5

Mar 2011

% Point

quarterly

Jun 2008 - Sep 2017

Updated on Oct 2017
Foreign Direct Investment

891.3

Jun 2017

853.9

Mar 2017

501.8

Dec 2015

3,084.9

Dec 2012

USD mn

quarterly

Mar 2008 - Jun 2017

Updated on Sep 2017
Total Imports Growth

18.7

Jul 2017

3.2

Jun 2017

-66.4

Feb 1986

114.0

Jan 2011

%

monthly

Jan 1982 - Jul 2017

Updated on Oct 2017
Money Supply M2

71,889.13

Sep 2017

71,604.81

Aug 2017

5,894.68

Mar 1993

113,283.59

Jan 2015

USD mn

monthly

Nov 1992 - Sep 2017

Updated on Oct 2017
Forecast: Government Revenue

17,506.73

2022

14,722.87

2021

1,986.95

2000

17,506.73

2022

NGN bn

yearly

2000 - 2022

Updated on 2017
Natural Gas: Exports

25,146.50

2016

26,703.50

2015

740.00

1999

28,266.00

2012

Cub m mn

yearly

1999 - 2016

Updated on 2017
Real GDP Growth

0.5

Jun 2017

-0.9

Mar 2017

-2.3

Sep 2016

6.9

Mar 2011

%

quarterly

Mar 2011 - Jun 2017

Updated on Sep 2017
Labour Productivity Growth

1.88

Dec 2016

0.69

Sep 2016

-3.51

Jun 2013

9.90

Dec 2014

%

quarterly

Mar 2013 - Dec 2016

Updated on Jun 2017
Domestic Credit Growth

2.8

Sep 2017

1.8

Aug 2017

-88.6

Mar 2007

1,165.5

Mar 2008

%

monthly

Nov 1993 - Sep 2017

Updated on Oct 2017
Market Capitalization: % of GDP

9.1

2016

10.5

2015

2.9

1985

30.9

2007

%

yearly

1985 - 2016

Updated on 2017
Total Imports

2,821.5

Jul 2017

3,239.6

Jun 2017

230.8

Feb 1986

6,404.8

Apr 2011

USD mn

monthly

Jan 1981 - Jul 2017

Updated on Oct 2017
CPI: Food and Non Alcoholic Beverage Change

20.24

Oct 2017

20.25

Sep 2017

-3.60

Jul 2006

38.04

Aug 2005

%

monthly

Jan 2004 - Oct 2017

Updated on Nov 2017
Forecast: Nominal GDP Per Capita

2,929.74

2022

2,901.87

2021

496.50

1999

3,268.39

2014

USD

yearly

1990 - 2022

Updated on 2017
Crude Oil: Exports

1,738.00

2016

2,114.00

2015

1,665.00

1995

2,464.00

2010

Barrel/Day th

yearly

1995 - 2016

Updated on 2017
Exports: Medicinal and Pharmaceutical Product

17.87

2016

23.80

2015

0.04

2002

70.84

2011

USD th

yearly

1995 - 2016

Updated on 2017
Public Consumption: % of GDP

5.4

2016

5.9

2015

2.1

1991

13.9

1978

%

yearly

1950 - 2016

Updated on 2017
Equity Market Index

36,680.3

Oct 2017

35,440.0

Sep 2017

111.3

Jan 1985

65,652.4

Feb 2008

03Jan1984=100

monthly

Jan 1985 - Oct 2017

Updated on Oct 2017
Domestic Credit

88,364.3

Sep 2017

87,890.9

Aug 2017

2,164.6

Mar 2007

120,248.2

Jan 2015

USD mn

monthly

Nov 1992 - Sep 2017

Updated on Oct 2017
Non Performing Loans Ratio

4.9

2015

2.9

2014

2.9

2014

27.6

2009

%

yearly

2003 - 2015

Updated on 2017
Visitor Arrivals

1,255,000

2015

600,000

2013

486,000

2012

1,555,000

2010

Person

yearly

1995 - 2015

Updated on 2017
Core CPI Change

12.72

Oct 2017

12.72

Sep 2017

-6.50

Dec 2007

27.80

Nov 2003

%

monthly

Jan 2003 - Oct 2017

Updated on Nov 2017
Forecast: Government Expenditure

26,862.74

2022

22,847.78

2021

1,706.56

2000

26,862.74

2022

NGN bn

yearly

2000 - 2022

Updated on 2017
Motor Vehicle Sales: Commercial Cars

3,800.00

Dec 2016

1,900.00

Jun 2016

1,900.00

Jun 2016

17,000.00

Dec 2009

Unit

semiannually

Dec 2005 - Dec 2016

Updated on Mar 2017
Crude Oil: Production

1,738.00

Oct 2017

1,792.00

Sep 2017

1,419.00

Aug 2016

2,496.00

Nov 2005

Barrel/Day th

monthly

Jan 2002 - Oct 2017

Updated on Nov 2017
Gold Production

7,700.00

2015

7,100.00

2014

1.00

1993

7,700.00

2015

kg

yearly

1993 - 2015

Updated on 2017
Population

186.0

2016

181.2

2015

37.9

1950

186.0

2016

Person mn

yearly

1950 - 2016

Updated on 2017
Capital Adequacy Ratio

17.7

2015

15.9

2014

1.8

2010

22.6

2006

%

yearly

2004 - 2015

Updated on 2017
Short Term Interest Rate

21.54

Oct 2017

21.21

Sep 2017

6.82

Aug 2010

22.95

Mar 2012

% pa

monthly

Jan 2010 - Oct 2017

Updated on Nov 2017
Gold Reserves

0.06

May 2017

0.06

Apr 2017

0.00

Sep 1961

35.97

Oct 1980

USD mn

monthly

Dec 1950 - May 2017

Updated on Oct 2017
Forecast: Government Net Debt

65,175.03

2022

54,961.19

2021

358.18

1990

65,175.03

2022

NGN bn

yearly

1990 - 2022

Updated on 2017
Motor Vehicle Sales: Passenger Cars

19,200.00

Dec 2016

6,900.00

Jun 2016

6,900.00

Jun 2016

42,000.00

Dec 2014

Unit

semiannually

Dec 2005 - Dec 2016

Updated on Mar 2017
GDP Deflator Growth

14.0

Jun 2017

18.1

Mar 2017

0.3

Mar 2015

18.1

Mar 2017

%

quarterly

Mar 2011 - Jun 2017

Updated on Sep 2017
Direct Investment Abroad

313.7

Jun 2017

328.7

Mar 2017

-269.0

Mar 2010

954.3

Dec 2013

USD mn

quarterly

Mar 2008 - Jun 2017

Updated on Sep 2017
Total Exports

3,673.9

Jul 2017

4,041.9

Jun 2017

322.9

Oct 1986

11,710.1

Aug 2011

USD mn

monthly

Jan 1981 - Jul 2017

Updated on Oct 2017
Bank Lending Rate

17.88

Sep 2017

17.69

Aug 2017

14.58

Nov 2008

19.66

Nov 2009

% pa

monthly

Jan 2006 - Sep 2017

Updated on Nov 2017
External Debt: % of GDP

2.8

2016

2.2

2015

1.1

2008

56.1

1991

%

yearly

1985 - 2016

Updated on 2017
Forecast: GDP PPP Per Capita

6,242.81

2022

6,185.37

2021

2,026.44

1991

6,242.81

2022

PPP Intl $

yearly

1990 - 2022

Updated on 2017
Consumer Confidence Growth

2.7

Sep 2017

0.7

Jun 2017

-15.2

Jun 2012

15.3

Dec 2010

% Point

quarterly

Jun 2010 - Sep 2017

Updated on Oct 2017
Exchange Rate against USD

305.124

Oct 2017

305.387

Sep 2017

0.530

Nov 1980

309.230

Aug 2016

NGN/USD

monthly

Jan 1957 - Oct 2017

Updated on Oct 2017
Foreign Exchange Reserves

33,786.2

Oct 2017

32,490.9

Sep 2017

63.2

Jun 1968

62,081.9

Sep 2008

USD mn

monthly

Jan 1960 - Oct 2017

Updated on Nov 2017
Visitor Arrivals Growth

23.5

2013

-32.0

2012

-54.0

2011

25.3

1996

%

yearly

1996 - 2013

Updated on 2016
Forecast: Real GDP Growth

1.75

2022

1.71

2021

-1.62

2016

14.60

2002

%

yearly

1991 - 2022

Updated on 2017
Consolidated Fiscal Balance: % of GDP

-2.7

2016

-1.6

2015

-2.7

2016

-0.0

2006

%

yearly

2005 - 2016

Updated on 2017
Consumer Price Index CPI Growth

15.9

Oct 2017

16.0

Sep 2017

-7.8

Oct 1967

89.6

Jun 1995

%

monthly

Jan 1961 - Oct 2017

Updated on Nov 2017
External Debt

15,352.1

Sep 2017

15,047.0

Jun 2017

3,287.7

Mar 2007

15,352.1

Sep 2017

USD mn

quarterly

Dec 2006 - Sep 2017

Updated on Nov 2017
Real Effective Exchange Rate

125.9

Sep 2017

124.5

Aug 2017

51.7

Mar 1992

718.3

Sep 1984

2005=100

monthly

Dec 1979 - Sep 2017

Updated on Oct 2017
Gross National Product

396,373.09

2016

470,329.01

2015

4,173.70

1960

548,655.75

2014

USD mn

yearly

1960 - 2016

Updated on 2017
Gross Savings Rate

13.1

2016

15.5

2015

13.1

2016

33.4

2012

%

yearly

2010 - 2016

Updated on 2017
Labour Force Participation Rate

56.4

2016

56.3

2015

54.8

2004

57.0

1990

%

yearly

1990 - 2016

Updated on 2017
Current Account Balance: % of GDP

1.6

Jun 2017

3.2

Mar 2017

-5.3

Mar 2015

20.9

Jun 2008

%

quarterly

Mar 2008 - Jun 2017

Updated on Sep 2017
M2 Growth

4.8

Apr/2017

7.6

Mar/2017

-2.2

Nov/2013

100.1

Mar/2008

%

monthly

Nov/1993 - Apr/2017

Updated on May/2017
Reserve Requirement Ratio

22.5

Sep 2017

22.5

Aug 2017

1.0

Jan 2011

31.0

Aug 2015

%

monthly

Nov 2005 - Sep 2017

Updated on Sep 2017
Private Consumption Expenditure

75,688.34

Sep 2016

91,067.41

Jun 2016

53,304.76

Jun 2010

119,809.21

Dec 2014

USD mn

quarterly

Mar 2010 - Sep 2016

Updated on Jun 2017
Investment: % of GDP

15.3

2016

15.5

2015

5.5

2005

34.0

1981

%

yearly

1981 - 2016

Updated on 2017
Business Confidence Growth

-0.4

Jun 2017

-21.6

Mar 2017

-32.4

Sep 2016

24.6

Dec 2010

% Point

quarterly

Jun 2009 - Jun 2017

Updated on Aug 2017
Foreign Direct Investment: % of GDP

1.0

Jun 2017

1.0

Mar 2017

0.4

Dec 2015

2.5

Dec 2012

%

quarterly

Mar 2010 - Jun 2017

Updated on Sep 2017
Policy Rate

14.00

Sep 2017

14.00

Aug 2017

6.00

Aug 2010

14.00

Sep 2017

% pa

monthly

Dec 2006 - Sep 2017

Updated on Sep 2017
Gross Fixed Capital Formation

12,518.55

Dec 2016

11,053.34

Sep 2016

11,053.34

Sep 2016

23,106.21

Jun 2014

USD mn

quarterly

Mar 2010 - Dec 2016

Updated on Oct 2017
Forecast: Current Account Balance

4.63

2022

4.87

2021

-15.76

2015

36.53

2005

USD bn

yearly

1980 - 2022

Updated on 2017
Forecast: Unemployment Rate

13.38

2016

9.00

2015

5.09

2010

13.38

2016

%

yearly

2010 - 2016

Updated on 2017
Aluminum: Exports

83,300.79

2016

113,376.15

2015

121.32

1995

187,550.70

2013

USD th

yearly

1995 - 2016

Updated on 2017
Industrial Production Index Growth

-1.1

Mar 2017

-8.7

Dec 2016

-20.3

Mar 2016

20.1

Mar 2011

%

quarterly

Mar 2011 - Mar 2017

Updated on Jul 2017
Tourism Revenue

470

2015

601

2014

47

1995

959

2008

USD mn

yearly

1995 - 2015

Updated on 2017
Employed Persons

52,576,233.00

Dec 2016

53,554,109.00

Sep 2016

50,198,600.00

Jun 2012

57,270,900.00

Dec 2013

Person

quarterly

Mar 2012 - Dec 2016

Updated on Jun 2017
Motor Vehicles Sales Growth

15.0

2016

-62.9

2015

-68.4

2007

325.0

2009

%

yearly

2006 - 2016

Updated on 2017
Forecast: Consumer Price Index Growth

14.50

2022

14.73

2021

5.40

2007

29.29

1996

%

yearly

1996 - 2022

Updated on 2017
Forecast: Exports of Goods Growth

0.38

2022

0.32

2021

-15.35

2002

32.95

2003

%

yearly

1991 - 2022

Updated on 2017
Imports: Telecommunication Equipment

1,472,076.43

2016

1,678,702.84

2015

122,369.76

2000

2,587,404.96

2008

USD th

yearly

1995 - 2016

Updated on 2017
Imports: Television

233,037.11

2016

291,353.60

2015

18,501.00

2004

515,894.12

2014

USD th

yearly

1995 - 2016

Updated on 2017
Container Port Throughput

1,335,470.00

2016

1,558,679.00

2015

72,500.00

2008

1,893,409.00

2014

TEU

yearly

2008 - 2016

Updated on 2017
Liner Shipping Connectivity Index

19.97

2017

21.30

2016

12.79

2005

22.91

2014

2004=100

yearly

2004 - 2017

Updated on 2017
Exports: Medicament

257.46

2016

112.08

2015

0.03

2002

342.07

2013

USD th

yearly

1995 - 2016

Updated on 2017
Imports: Medicament

206,780.69

2016

253,802.12

2015

26,577.00

2004

364,249.10

2014

USD th

yearly

1995 - 2016

Updated on 2017
GDP per Capita

2,156.84

2016

2,698.63

2015

481.68

1999

3,224.69

2014

USD

yearly

1981 - 2016

Updated on 2017
Private Consumption: % of GDP

81.6

2016

78.6

2015

23.4

1982

89.0

1960

%

yearly

1950 - 2016

Updated on 2017
Total Deposits

115,177.95

2014

108,027.98

2013

8,990.28

2001

115,177.95

2014

USD mn

yearly

2001 - 2014

Updated on 2017
Imports: ICT Goods

1,821,759.16

2014

1,599,075.80

2013

142,895.81

2000

2,928,318.22

2010

USD th

yearly

2000 - 2014

Updated on 2016
Exports: Telecommunication Equipment

10,933.15

2016

13,982.52

2015

1,081.96

2001

34,230.47

2013

USD th

yearly

1995 - 2016

Updated on 2017
Exports: Television

198.76

2016

238.66

2015

56.34

2000

2,556.54

2011

USD th

yearly

1995 - 2016

Updated on 2017
Natural Gas Production: OPEC: Marketed Production

42,562.40

2016

45,148.10

2015

4,844.00

1995

45,148.10

2015

Cub m mn

yearly

1995 - 2016

Updated on 2017
Imports: Medicinal and Pharmaceutical Product

62,172.38

2016

72,309.87

2015

2,093.71

1996

102,212.69

2014

USD th

yearly

1995 - 2016

Updated on 2017
Minerals Production

147,959,459.00

2015

145,160,994.00

2014

117,782,300.00

2009

151,065,413.00

2012

Metric Ton

yearly

2009 - 2015

Updated on 2017
National Government Debt

54,466.3

Jun 2017

53,040.0

Mar 2017

17,402.6

Dec 2006

62,232.5

Jun 2016

USD mn

quarterly

Dec 2006 - Jun 2017

Updated on Sep 2017
Nominal GDP

88,401.1

Jun 2017

85,300.0

Mar 2017

85,041.6

Mar 2010

151,076.2

Dec 2014

USD mn

quarterly

Mar 2010 - Jun 2017

Updated on Sep 2017
Current Account Balance

1,414.2

Jun 2017

2,733.2

Mar 2017

-5,695.3

Sep 2015

10,383.7

Jun 2008

USD mn

quarterly

Mar 2008 - Jun 2017

Updated on Sep 2017
Electricity Production

7,560

Mar 2017

6,913

Dec 2016

3,247

Jun 2009

9,936

Sep 2015

GWh

quarterly

Mar 2005 - Mar 2017

Updated on Jul 2017
Liquid Assets Ratio

21.4

May 2017

23.3

Mar 2017

12.6

Mar 2010

40.8

Aug 2002

%

monthly

Jun 2001 - May 2017

Updated on Jul 2017
Motor Vehicles Sales

23,000

2016

20,000

2015

12,000

2008

53,900

2014

Unit

yearly

2005 - 2016

Updated on 2017
Foreign Exchange Reserves: Months of Import

11.0

Jul 2017

9.4

Jun 2017

0.2

Dec 1983

37.7

Apr 1989

NA

monthly

Jan 1981 - Jul 2017

Updated on Oct 2017
Foreign Portfolio Investment

1,484.30

Jun 2017

1,438.47

Mar 2017

-769.91

Dec 2014

5,963.20

Mar 2013

USD mn

quarterly

Mar 2008 - Jun 2017

Updated on Sep 2017
Total Exports Growth

3.3

Jul 2017

15.5

Jun 2017

-74.9

Oct 1986

207.2

Feb 2000

%

monthly

Jan 1982 - Jul 2017

Updated on Oct 2017
Tourism Revenue Growth

-21.8

2015

-2.4

2014

-77.3

2003

184.6

2008

%

yearly

1996 - 2015

Updated on 2017
Nominal GDP Growth

14.60

Jun 2017

17.06

Mar 2017

3.01

Jun 2016

17.86

Jun 2012

%

quarterly

Mar 2011 - Jun 2017

Updated on Sep 2017
Public Consumption Expenditure

4,352.97

Sep 2016

5,984.48

Jun 2016

4,352.97

Sep 2016

10,867.90

Dec 2010

USD mn

quarterly

Mar 2010 - Sep 2016

Updated on Jun 2017
Money Supply M1

32,411.11

Aug 2017

33,798.20

Jul 2017

3,314.92

Mar 1993

47,795.76

May 2016

USD mn

monthly

Nov 1992 - Aug 2017

Updated on Sep 2017
Foreign Exchange Reserves: % of GDP

8.50

Jun 2017

7.86

Mar 2017

5.29

Mar 2015

10.11

Mar 2013

%

quarterly

Dec 2010 - Jun 2017

Updated on Sep 2017
Forecast: Population

216.10

2022

210.31

2021

68.45

1980

216.10

2022

Person mn

yearly

1980 - 2022

Updated on 2017
Motor Vehicle Registered

3,750.00

2015

3,590.00

2014

1,747.00

2005

3,750.00

2015

Unit th

yearly

2005 - 2015

Updated on 2017
Exports: ICT Goods

1,754.72

2014

10,789.29

2013

0.98

2002

21,155.70

2011

USD th

yearly

2000 - 2014

Updated on 2016