Nigeria Current Account Balance: % of GDP

2014 - 2024 | Quarterly | % | Central Bank of Nigeria

Key information about Nigeria Current Account Balance: % of GDP

  • Nigeria Current Account surplus accounted for 11.5 % of the country's Nominal GDP in Jun 2024, compared with a 7.3 % surplus in the previous quarter.
  • Nigeria Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2014 to Jun 2024, with an average value of 0.0 %.




Key information about Nigeria Current Account Balance: % of GDP

  • In the latest reports of Nigeria, Current Account recorded a surplus of 3.7 USD bn in Mar 2025.
  • Foreign Direct Investment (FDI) increased by 246.9 USD mn in Mar 2025.
  • Nigeria Direct Investment Abroad fell by 551.1 USD mn in Mar 2025.
  • Its Foreign Portfolio Investment fell by 5.0 USD bn in Mar 2025.
  • The country's Nominal GDP was reported at 63.8 USD bn in Jun 2025.

View Nigeria's Current Account Balance: % of GDP from Mar 2014 to Jun 2024 in the chart:

Nigeria Current Account Balance: % of GDP

What was Nigeria's Current Account Balance: % of GDP in Jun 2024?

Nigeria Current Account surplus accounted for 11.5 % of the country's Nominal GDP in Jun 2024, compared with a 7.3 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
11.5 Jun 2024 7.3 Mar 2024 0.0 - 0.0 - % quarterly Mar 2014 - Jun 2024

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.7 Jun 2025 quarterly Mar 2004 - Jun 2025
Algeria (%) -3.7 Dec 2024 quarterly Mar 2007 - Dec 2024
Argentina (%) -1.7 Jun 2025 quarterly Mar 2004 - Jun 2025
Armenia (%) -7.3 Jun 2025 quarterly Dec 1994 - Jun 2025
Australia (%) -2.3 Sep 2025 quarterly Sep 1959 - Sep 2025
Austria (%) -1.6 Jun 2025 quarterly Mar 1970 - Jun 2025
Azerbaijan (%) 6.2 Jun 2025 quarterly Mar 2013 - Jun 2025
Bahrain (%) 3.9 Jun 2025 quarterly Mar 2018 - Jun 2025
Bangladesh (%) 0.0 2025 yearly 1998 - 2025
Belarus (%) 0.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Belgium (%) -2.8 Jun 2025 quarterly Mar 1995 - Jun 2025
Bolivia (%) -3.9 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) -2.7 Jun 2025 quarterly Mar 2008 - Jun 2025
Botswana (%) 9.7 Jun 2025 quarterly Mar 2004 - Jun 2025
Brazil (%) -3.8 Sep 2025 quarterly Mar 1995 - Sep 2025
Brunei (%) 13.8 Dec 2024 quarterly Mar 2013 - Dec 2024
Bulgaria (%) -3.4 Sep 2025 quarterly Sep 1999 - Sep 2025
Cambodia (%) -0.6 Jun 2025 quarterly Mar 2010 - Jun 2025
Canada (%) -1.2 Sep 2025 quarterly Mar 1957 - Sep 2025
Chile (%) -5.4 Sep 2025 quarterly Mar 1996 - Sep 2025
China (%) 3.9 Sep 2025 quarterly Mar 1998 - Sep 2025
Colombia (%) -2.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Croatia (%) -8.4 Jun 2025 quarterly Mar 1995 - Jun 2025
Cyprus (%) -2.8 Jun 2025 quarterly Mar 2008 - Jun 2025
Czech Republic (%) 0.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Denmark (%) 15.2 Sep 2025 quarterly Mar 1990 - Sep 2025
Ecuador (%) 8.1 Jun 2025 quarterly Mar 1993 - Jun 2025
Egypt (%) -2.5 Jun 2025 quarterly Sep 2001 - Jun 2025
Estonia (%) 0.5 Jun 2025 quarterly Mar 2000 - Jun 2025
European Union (%) 2.7 Sep 2025 quarterly Mar 1999 - Sep 2025
Finland (%) 2.7 Sep 2025 quarterly Mar 1990 - Sep 2025
France (%) -0.8 Sep 2025 quarterly Mar 1997 - Sep 2025
Georgia (%) -2.9 Jun 2025 quarterly Mar 1996 - Jun 2025
Germany (%) 4.4 Sep 2025 quarterly Mar 1991 - Sep 2025
Ghana (%) 4.4 Jun 2025 quarterly Mar 2006 - Jun 2025
Greece (%) -5.7 Jun 2025 quarterly Mar 2000 - Jun 2025
Hong Kong SAR, China (%) 12.2 Jun 2025 quarterly Mar 1999 - Jun 2025
Hungary (%) 2.5 Jun 2025 quarterly Mar 1995 - Jun 2025
Iceland (%) -6.7 Jun 2025 quarterly Mar 1995 - Jun 2025
India (%) -0.2 Jun 2025 quarterly Jun 2004 - Jun 2025
Indonesia (%) 1.1 Sep 2025 quarterly Mar 1993 - Sep 2025
Iran (%) 2.2 2025 yearly 1997 - 2025
Ireland (%) 8.8 Sep 2025 quarterly Mar 1995 - Sep 2025
Israel (%) 0.6 Jun 2025 quarterly Mar 1995 - Jun 2025
Italy (%) 2.9 Sep 2025 quarterly Mar 1980 - Sep 2025
Ivory Coast (%) -4.1 2024 yearly 1975 - 2024
Japan (USD mn) 29,402.7 Sep 2025 monthly Jan 1996 - Sep 2025
Jordan (%) -6.5 Jun 2025 quarterly Mar 1992 - Jun 2025
Kazakhstan (%) -4.0 Jun 2025 quarterly Dec 1997 - Jun 2025
Kenya (%) -1.9 Jun 2025 quarterly Mar 2009 - Jun 2025
South Korea (USD mn) 7,498.1 Oct 2025 monthly Jan 1980 - Oct 2025
Kosovo (%) -17.8 Jun 2025 quarterly Mar 2010 - Jun 2025
Kuwait (%) 21.5 Jun 2025 quarterly Mar 2012 - Jun 2025
Kyrgyzstan (%) -41.6 Jun 2025 quarterly Mar 2000 - Jun 2025
Laos (%) 3.3 2024 yearly 1984 - 2024
Latvia (%) -3.1 Sep 2025 quarterly Mar 1995 - Sep 2025
Lebanon (%) -2.8 2023 yearly 2002 - 2023
Lithuania (%) 3.4 Sep 2025 quarterly Mar 1993 - Sep 2025
Luxembourg (%) 3.3 Jun 2025 quarterly Mar 1995 - Jun 2025
Macau SAR, China (%) 36.3 2024 yearly 2002 - 2024
North Macedonia (%) 1.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Malawi (%) -17.0 2023 yearly 1977 - 2023
Malaysia (%) 2.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Malta (%) 8.5 Jun 2025 quarterly Mar 1995 - Jun 2025
Mauritius (%) -8.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Mexico (%) 0.5 Sep 2025 quarterly Mar 1993 - Sep 2025
Moldova (%) -21.1 Jun 2025 quarterly Mar 1995 - Jun 2025
Mongolia (%) 2.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Montenegro (%) 2.3 Sep 2025 quarterly Mar 2010 - Sep 2025
Morocco (%) -4.7 Jun 2025 quarterly Mar 2014 - Jun 2025
Mozambique (%) -11.2 2024 yearly 1980 - 2024
Nepal (%) 6.7 2025 yearly 2001 - 2025
Netherlands (%) 4.4 Jun 2025 quarterly Mar 1987 - Jun 2025
New Zealand (%) -3.1 Jun 2025 quarterly Jun 1987 - Jun 2025
Nigeria (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (%) 16.3 Jun 2025 quarterly Mar 1981 - Jun 2025
Oman (%) 2.9 2024 yearly 1980 - 2024
Pakistan (%) 0.5 2025 yearly 1977 - 2025
Palestinian Territory (%) -22.0 Jun 2025 quarterly Mar 2011 - Jun 2025
Panama (%) 2.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Paraguay (%) -6.0 Jun 2025 quarterly Mar 2000 - Jun 2025
Peru (%) 2.8 Sep 2025 quarterly Mar 1990 - Sep 2025
Philippines (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Poland (%) -2.2 Sep 2025 quarterly Mar 2000 - Sep 2025
Portugal (%) 4.5 Sep 2025 quarterly Mar 1996 - Sep 2025
Qatar (%) 14.1 Jun 2025 quarterly Mar 2011 - Jun 2025
Romania (%) -8.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Russia (%) 0.7 Jun 2025 quarterly Mar 1994 - Jun 2025
Saudi Arabia (%) -4.6 Jun 2025 quarterly Mar 2006 - Jun 2025
Serbia (%) -4.1 Sep 2025 quarterly Mar 2007 - Sep 2025
Singapore (%) 17.7 Sep 2025 quarterly Mar 1986 - Sep 2025
Slovakia (%) -3.0 Sep 2025 quarterly Mar 1997 - Sep 2025
Slovenia (%) 5.9 Sep 2025 quarterly Mar 1995 - Sep 2025
South Africa (%) -1.1 Jun 2025 quarterly Mar 1960 - Jun 2025
Spain (%) 3.2 Sep 2025 quarterly Mar 1980 - Sep 2025
Sri Lanka (%) 2.0 Jun 2025 quarterly Mar 2002 - Jun 2025
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 5.8 Sep 2025 quarterly Mar 1980 - Sep 2025
Switzerland (%) 4.7 Jun 2025 quarterly Mar 1983 - Jun 2025

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Nigeria Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Consolidated Fiscal Balance (USD mn) -1,902.660 Dec 2024 quarterly Mar 2005 - Dec 2024
National Government Debt (USD mn) 97,066.2 Jun 2025 quarterly Dec 2006 - Jun 2025
Government Debt: % of GDP (%) 37.5 Jun 2025 quarterly Dec 2010 - Jun 2025
Forecast: Government Expenditure (NGN bn) 109,186.865 2030 yearly 1990 - 2030
Forecast: Government Net Debt (NGN bn) 295,803.687 2030 yearly 1990 - 2030
Forecast: Government Revenue (NGN bn) 80,747.215 2030 yearly 1990 - 2030
Federal Govt Revenue (NGN bn) 2,282.540 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Balance (NGN bn) -3,301.610 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Capital (NGN bn) 1,415.860 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure: Recurrent (NGN bn) 3,732.590 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue (NGN bn) 6,865.840 Sep 2024 quarterly Mar 2005 - Sep 2024
Federal Govt Expenditure (NGN bn) 5,584.150 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross Federation Account Revenue: Oil (NGN bn) 1,304.960 Sep 2024 quarterly Mar 2005 - Sep 2024
Government Debt: Domestic (NGN bn) 69,219.806 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -1.879 2028 yearly 1991 - 2028
Trade Balance (USD mn) 2,213.2 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports (USD mn) 4,858.0 Jun 2025 monthly Jan 2003 - Jun 2025
Total Exports Growth (%) 22.6 Jun 2025 monthly Jan 2004 - Jun 2025
Aluminum: Exports (USD th) 242,851.843 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 2,102.688 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 578.589 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,644.8 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports Growth (%) 2.5 Jun 2025 monthly Jan 2004 - Jun 2025
Imports: Medicament (USD th) 605,905.663 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 335,165.261 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 264.685 Jun 2025 monthly Jan 2003 - Jun 2025
Total Imports from USA (USD mn) 503.329 Jun 2025 monthly Dec 2009 - Jun 2025
Total Exports to China (USD mn) 174.147 Jun 2025 monthly Jan 2007 - Jun 2025
Total Imports from China (USD mn) 1,013.525 Jun 2025 monthly Jan 2007 - Jun 2025
Total Trade (NGN mn) 10,432,090.965 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Growth Rate: MoM (%) -17.669 Sep 2024 monthly Jan 2019 - Sep 2024
Imports: Growth Rate: MoM (%) -17.535 Sep 2024 monthly Jan 2019 - Sep 2024
Imports (NGN mn) 4,384,900.258 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Crude Oil (NGN mn) 3,905,247.850 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow UK (NGN mn) 180,704.134 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: America: ow USA (NGN mn) 201,983.472 Sep 2024 monthly Jan 2003 - Sep 2024
Exports (NGN mn) 6,047,190.706 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Europe: ow Netherlands (NGN mn) 261,930.167 Sep 2024 monthly Jan 2003 - Sep 2024
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) 53,170.162 2023 yearly 2003 - 2023
Exports: Mineral Products (NGN mn) 33,075,147.443 2023 yearly 2003 - 2023
Exports: Vegetable Products (NGN mn) 786,963.687 2023 yearly 2003 - 2023
Imports: America: ow USA (NGN mn) 446,388.165 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow Germany (NGN mn) 135,143.103 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Europe: ow UK (NGN mn) 134,085.602 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Asia: ow China (NGN mn) 1,298,198.961 Sep 2024 monthly Jan 2007 - Sep 2024
Imports: Europe: ow Netherlands (NGN mn) 201,091.335 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Chemicals and Chemical Products (NGN mn) 614,100.231 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) 1,024,863.121 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Food and Live Animals (NGN mn) 455,343.676 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Manufactured Goods (NGN mn) 488,494.173 Sep 2024 monthly Jan 2003 - Sep 2024
Imports: Machinery and Transport Equipment (NGN mn) 1,432,150.870 Sep 2024 monthly Jan 2003 - Sep 2024
Export Value Index (2015=100) 93.461 2021 yearly 1980 - 2021
Import Value Index (2015=100) 116.198 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -551.1 Mar 2025 quarterly Mar 2008 - Mar 2025
Current Account Balance (USD mn) 3,726.7 Mar 2025 quarterly Mar 2014 - Mar 2025
Current Account Balance: % of GDP (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Foreign Direct Investment (USD mn) 246.9 Mar 2025 quarterly Mar 2014 - Mar 2025
Foreign Direct Investment: % of GDP (%) 0.4 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment (USD mn) -5,026.384 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: % of GDP (%) -8.1 Mar 2025 quarterly Mar 2010 - Mar 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -133.9 Mar 2025 quarterly Mar 2008 - Mar 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -4,892.510 Mar 2025 quarterly Mar 2008 - Mar 2025
External Debt (USD mn) 46,983.4 Jun 2025 quarterly Dec 2006 - Jun 2025
External Debt: % of GDP (%) 18.6 2024 yearly 1985 - 2024
External Debt: Short Term (USD mn) 1,005.6 2020 yearly 2008 - 2020
External Debt: Short Term: % of GDP (%) 0.2 2020 yearly 2008 - 2020
Forecast: Current Account Balance (USD bn) 2.643 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,555.096 2024 yearly 2005 - 2024
External Debt: Service Payments (USD mn) 194.440 Dec 2018 quarterly Mar 2008 - Dec 2018
External Debt: Government: International Capital Market (USD mn) 15,118.350 Sep 2024 quarterly Mar 2011 - Sep 2024
External Debt: Government (USD mn) 43,026.550 Sep 2024 quarterly Dec 2006 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.1 2019 yearly 2003 - 2019
Non-Performing Loans (USD mn) 3,315.011 Mar 2021 quarterly Mar 2007 - Mar 2021
Money Supply M1 (USD mn) 27,684.996 Oct 2025 monthly Apr 1990 - Oct 2025
Money Supply M2 (USD mn) 83,749.939 Oct 2025 monthly Apr 1990 - Oct 2025
M2 Growth (%) 10.2 Oct 2025 monthly Apr 1991 - Oct 2025
Reserve Requirement Ratio (%) 45.0 Oct 2025 monthly Nov 2005 - Oct 2025
Foreign Exchange Reserves (USD mn) 38,880.0 Jan 2025 monthly Jan 1960 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 16.359 Dec 2024 quarterly Dec 2010 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 10.9 Jan 2025 monthly Jan 2003 - Jan 2025
Gold Reserves (USD mn) 2,152.409 Mar 2025 monthly Dec 1950 - Mar 2025
Total Deposits (USD mn) 84,213.801 Dec 2019 monthly Nov 1992 - Dec 2019
Total Deposits Growth (%) 2.6 Dec 2019 monthly Nov 1993 - Dec 2019
Domestic Credit (USD mn) 69,798.2 Oct 2025 monthly Apr 1990 - Oct 2025
Domestic Credit Growth (%) -12.6 Oct 2025 monthly Apr 1991 - Oct 2025
Private Debt: % of Nominal GDP (%) 15.41 Jun 2024 quarterly Dec 2010 - Jun 2024
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) 74,077,851.830 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M3 (NGN mn) 35,345,802.020 Jun 2020 monthly Nov 1992 - Jun 2020
Monetary Survey: Liabilities: Base Money (NGN mn) 32,659,076.490 Jan 2025 monthly Jan 1993 - Jan 2025
Monetary Survey: Liabilities: M2: M1 (NGN mn) 36,894,418.660 Jan 2025 monthly Nov 1992 - Jan 2025
Monetary Survey: Liabilities: M2 (NGN mn) 110,972,270.500 Jan 2025 monthly Nov 1992 - Jan 2025
Non Performing Loans to Gross Loans (%) 4.140 Jun 2023 semiannually Dec 2003 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 8.6 Nov 2025 monthly Jul 2015 - Nov 2025

More Indicators for Nigeria

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data