Nigeria Current Account to GDP 1980-2015 | Data | Chart | Calendar

Nigeria recorded a Current Account surplus of 2.60 percent of the country's Gross Domestic Product in 2014. Current Account to GDP in Nigeria averaged 1.61 percent from 1980 until 2014, 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.

  
Nigeria Current Account to GDP
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Actual Previous Highest Lowest Dates Unit Frequency
2.60 3.90 37.90 -18.70 1980 - 2014 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, August 2, 2015.


Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 480742.50 782387.60 2177794.70 -592182.60 NGN Millions [+]
Exports 1014713.00 1306399.60 2648916.30 115556.00 NGN Millions [+]
Imports 533970.60 524012.00 1554732.90 59635.15 NGN Millions [+]
Current Account 3607.08 -3978.22 9455.37 -4410.00 USD Million [+]
Current Account to GDP 2.60 3.90 37.90 -18.70 percent [+]
Terms of Trade 107.95 95.49 160.25 49.48 Index Points [+]
Foreign Direct Investment 723.49 1030.06 3084.90 667.88 USD Million [+]
Gold Reserves 21.37 21.37 21.37 21.37 Tonnes [+]
Crude Oil Production 2520.00 2420.00 2695.00 675.00 BBL/D/1K [+]
Capital Flows -1.18 8.45 20.30 -15.44 USD Billion [+]
External Debt 10316.82 9464.11 10316.82 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 -4.17 Dec/14 -3.66 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.10 Dec/14 2.00 10.10 -3.70 percent [+]
Euro Area 2.10 Dec/14 1.90 2.10 -1.60 percent [+]
France -1.00 Dec/14 -1.40 3.40 -2.10 percent [+]
Germany 7.60 Dec/14 6.50 7.60 -1.70 percent [+]
India -1.40 Dec/14 -1.70 1.50 -4.70 percent [+]
Indonesia -2.95 Dec/14 -3.20 4.80 -6.80 percent [+]
Italy 1.90 Dec/14 0.90 2.90 -3.70 percent [+]
Japan 0.50 Dec/14 0.70 4.80 -1.00 percent [+]
Mexico -2.10 Dec/14 -1.80 3.40 -6.10 percent [+]
Netherlands 10.30 Dec/14 11.00 11.00 -1.00 percent [+]
Russia 3.09 Dec/14 1.64 18.00 -1.40 percent [+]
South Korea 6.30 Dec/14 5.80 11.90 -8.30 percent [+]
Spain 0.80 Dec/14 1.40 1.50 -9.60 percent [+]
Switzerland 7.00 Dec/14 12.70 15.60 -0.60 percent [+]
Turkey -5.70 Dec/14 -7.90 2.00 -9.70 percent [+]
United Kingdom -5.50 Dec/14 -4.50 1.90 -5.50 percent [+]
United States -2.40 Dec/14 -2.40 0.20 -6.00 percent [+]