Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country
Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country data was reported at 8.512 % in 2017. This records a decrease from the previous number of 8.589 % for 2016. Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country data is updated yearly, averaging 8.589 % from Dec 2011 to 2017, with 7 observations. The data reached an all-time high of 10.110 % in 2011 and a record low of 6.842 % in 2014. Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Payment System. Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.; ; World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org; Unweighted average;
View Nigeria's Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country from 2011 to 2017 in the chart:
What was Nigeria's Nigeria NG: Average Transaction Cost of Sending Remittances to a Specific Country in 2017?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 8.51 2017 | 8.59 2016 | 6.84 2014 | 10.11 2011 | % | yearly | 2011 - 2017 |
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| National Accounts | Last | Frequency | Range |
|---|---|---|---|
| Forecast: GDP PPP Per Capita (PPP Intl $) | 6,702.159 2027 | yearly | 1990 - 2027 |
| Forecast: Nominal GDP Per Capita (USD) | 3,860.079 2027 | yearly | 1990 - 2027 |
| Forecast: Real GDP Growth (%) | 2.910 2027 | yearly | 1991 - 2027 |
| GDP Deflator Growth (%) | 13.3 Sep 2022 | quarterly | Mar 2011 - Sep 2022 |
| GDP per Capita (USD) | 2,057.020 2021 | yearly | 1981 - 2021 |
| Gross Fixed Capital Formation (USD mn) | 31,105.720 Jun 2022 | quarterly | Mar 2010 - Jun 2022 |
| Gross National Product (GNP) (USD mn) | 423,882.312 2021 | yearly | 1960 - 2021 |
| Gross Savings Rate (%) | 32.7 2021 | yearly | 1981 - 2021 |
| Investment: % of GDP (%) | 33.8 2021 | yearly | 1981 - 2021 |
| Nominal GDP (USD mn) | 124,041.8 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Nominal GDP Growth (%) | 15.832 Sep 2022 | quarterly | Mar 2011 - Sep 2022 |
| Private Consumption Expenditure (USD mn) | 71,415.678 Jun 2022 | quarterly | Mar 2010 - Jun 2022 |
| Private Consumption: % of GDP (%) | 62.2 2021 | yearly | 1981 - 2021 |
| Public Consumption Expenditure (USD mn) | 4,975.960 Jun 2022 | quarterly | Mar 2010 - Jun 2022 |
| Public Consumption: % of GDP (%) | 5.1 2021 | yearly | 1981 - 2021 |
| Real GDP Growth (%) | 2.2 Sep 2022 | quarterly | Mar 2011 - Sep 2022 |
| Total Trade of Goods & Services: % of Nominal GDP (%) | 33.758 Jun 2022 | quarterly | Mar 2010 - Jun 2022 |
| Production | Last | Frequency | Range |
|---|---|---|---|
| Gold Production (kg) | 160.000 2020 | yearly | 1993 - 2020 |
| Industrial Production Index Growth (%) | -10.5 Sep 2022 | quarterly | Mar 2011 - Sep 2022 |
| Minerals Production (Metric Ton) | 130,414,020.000 2020 | yearly | 2009 - 2020 |
| Motor Vehicle Production (Unit) | 2,040.000 2008 | yearly | 1999 - 2008 |
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -5.7 Jun 2022 | quarterly | Dec 2010 - Jun 2022 |
| Forecast: Government Expenditure (NGN bn) | 53,317.753 2027 | yearly | 1990 - 2027 |
| Forecast: Government Net Debt (NGN bn) | 170,577.420 2027 | yearly | 1990 - 2027 |
| Forecast: Government Revenue (NGN bn) | 28,883.145 2027 | yearly | 1990 - 2027 |
| Government Debt: % of GDP (%) | 20.2 Sep 2022 | quarterly | Dec 2010 - Sep 2022 |
| National Government Debt (USD mn) | 89,507.7 Sep 2022 | quarterly | Dec 2006 - Sep 2022 |
| Consolidated Fiscal Balance (USD mn) | -6,600.999 Jun 2022 | quarterly | Mar 2005 - Jun 2022 |
| Demographic and Labour Market | Last | Frequency | Range |
|---|---|---|---|
| Employed Persons (Person) | 46,488,079.000 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Forecast: Population (Person mn) | 244.902 2027 | yearly | 1980 - 2027 |
| Forecast: Unemployment Rate (%) | 22.562 2018 | yearly | 2010 - 2018 |
| Labour Force Participation Rate (%) | 62.8 2020 | yearly | 1990 - 2020 |
| Labour Productivity Growth (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Population (Person mn) | 211.5 2021 | yearly | 1950 - 2021 |
| Unemployment Rate (%) | 33.28 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Domestic Trade and Household Survey | Last | Frequency | Range |
|---|---|---|---|
| Consumer Confidence Growth (% Point) | -1.3 Dec 2020 | quarterly | Jun 2010 - Dec 2020 |
| Consumer Confidence: Net Balance (% Point) | 28.9 Dec 2020 | quarterly | Jun 2009 - Dec 2020 |
| 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 |
| Motor Vehicles Sales (Unit) | 9,800 2019 | yearly | 2005 - 2019 |
| Motor Vehicles Sales Growth (%) | -42.4 2019 | yearly | 2006 - 2019 |
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