Nigeria Current Account to GDP 1980-2014 | Data | Chart | Calendar

Nigeria recorded a Current Account surplus of 7.10 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Nigeria averaged 1.67 Percent from 1980 until 2013, reaching an all time high of 37.90 Percent in 2008 and a record low of -18.70 Percent in 1986. Current Account to GDP in Nigeria is reported by the Central Bank of Nigeria.

      Forecast    
Nigeria Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
7.10 10.80 37.90 -18.70 1980 - 2013 percent Yearly
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Nigeria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Nigeria Current Account to GDP - was last refreshed on Sunday, December 21, 2014.

Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 537183.15 1537298.79 2177794.70 -592182.60 Millions Nigerian Naira [+]
Exports 1579906.60 1589360.80 2648916.30 115556.00 Millions Nigerian Naira [+]
Imports 568407.88 678090.39 1554732.90 59635.15 Millions Nigerian Naira [+]
Current Account 1545.34 4591.47 9455.37 -4410.00 USD Million [+]
Current Account to GDP 7.10 10.80 37.90 -18.70 percent [+]
Terms of Trade 108.82 101.92 160.25 49.48 Index Points [+]
Foreign Direct Investment 166270.41 190363.88 824311.38 1245.42 USD Thousand [+]
Gold Reserves 21.37 21.37 21.37 21.37 Tonnes [+]
Crude Oil Production 2520.00 2470.00 2695.00 675.00 BBL/D/1K [+]
External Debt 9518.95 9377.11 9518.95 3627.50 USD Million [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 percent [+]
Brazil -3.66 Dec/13 -2.40 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.00 Dec/13 2.60 10.10 -3.70 percent [+]
Euro Area 2.40 Dec/13 1.40 2.40 -1.50 percent [+]
France -1.30 Dec/13 -2.20 2.70 -2.20 percent [+]
Germany 7.50 Dec/13 7.40 7.50 -1.70 percent [+]
India -1.70 Dec/13 -4.70 1.50 -4.70 percent [+]
Indonesia -3.30 Dec/13 -2.80 4.80 -6.80 percent [+]
Italy 1.00 Dec/13 -0.30 3.20 -3.70 percent [+]
Japan 0.70 Dec/13 1.10 4.80 -1.00 percent [+]
Mexico -1.80 Dec/13 -1.20 3.40 -6.10 percent [+]
Netherlands 10.40 Dec/13 9.50 10.40 -1.00 percent [+]
Russia 1.56 Dec/13 3.60 18.00 -1.40 percent [+]
South Korea 5.80 Dec/13 4.30 11.90 -8.30 percent [+]
Spain 0.80 Dec/13 -1.20 1.50 -10.00 percent [+]
Switzerland 13.50 Dec/12 8.50 15.60 -0.60 percent [+]
Turkey -7.90 Dec/13 -6.00 2.00 -9.70 percent [+]
United Kingdom -4.40 Dec/13 -3.80 1.90 -4.90 percent [+]
United States -2.30 Dec/13 -2.70 0.20 -6.00 percent [+]