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Nigeria – Current Account Balance

Name: Nigeria Current Account Balance
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Current account balance as a share of GDP. Summarizes net trade in goods, services, income, and transfers with the rest of the world. · World Bank

6.82% +5.51% from 2023 Global rank: 135th · all-time high: 20.79% (2005)

Nigeria's current account balance was 6.82% in 2024, an increase of +5.51% from 1.32% in 2023. This ranked 135th globally. The all-time high was 20.79% in 2005.

APA

Nigeria Current Account Balance. HistorySaid. Retrieved March 12, 2026, from https://historysaid.com/nigeria/current-account

BibTeX

@misc{historysaid_nigeria_current-account,
  title = {Nigeria Current Account Balance},
  url = {https://historysaid.com/nigeria/current-account},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Nigeria Current Account Balance – Historical Data
Year	Value	Change	Rank
2030* IMF	1.29%	–	–
2029* IMF	1.91%	–	–
2028* IMF	2.50%	–	–
2027* IMF	3.04%	–	–
2026* IMF	3.57%	–	–
2025* IMF	5.69%	–	–
2024	6.82%	+5.51%	135th
2023	1.32%	+1.16%	114th
2022	0.16%	+0.69%	122nd
2021	-0.53%	+2.14%	109th
2020	-2.67%	−0.62%	79th
2019	-2.05%	−3.77%	93rd
2018	1.73%	−1.88%	139th
2017	3.61%	+2.36%	151st
2016	1.25%	+4.39%	143rd
2015	-3.13%	−3.29%	88th
2014	0.16%	−3.50%	122nd
2013	3.66%	−0.08%	154th
2012	3.74%	+1.17%	152nd
2011	2.57%	−1.00%	149th
2010	3.57%	−1.13%	148th
2009	4.70%	−3.88%	156th
2008	8.59%	−1.35%	157th
2007	9.94%	−5.38%	155th
2006	15.31%	−5.48%	159th
2005	20.79%	+8.39%	164th
2004	12.40%	+9.17%	148th
2003	3.24%	+2.10%	124th
2002	1.14%	−2.23%	107th
2001	3.37%	−7.37%	121st
2000	10.74%	+9.88%	134th
1999	0.86%	+1.41%	113th
1998	-0.55%	−0.64%	104th
1997	0.08%	−0.51%	117th
1996	0.59%	+1.16%	113th
1995	-0.57%	+2.08%	97th
1994	-2.65%	−1.27%	70th
1993	-1.38%	−5.73%	87th
1992	4.36%	+2.34%	121st
1991	2.02%	−7.21%	115th
1990	9.23%	+6.76%	125th
1989	2.48%	+3.07%	111th
1988	-0.60%	−0.46%	91st
1987	-0.14%	−0.52%	93rd
1986	0.38%	−3.15%	95th
1985	3.53%	+3.36%	118th
1984	0.17%	+4.63%	93rd
1983	-4.46%	+0.64%	57th
1982	-5.10%	−1.16%	67th
1981	-3.94%	−12.00%	77th
1980	8.06%	+4.53%	107th
1979	3.53%	+13.81%	88th
1978	-10.28%	−7.46%	18th
1977	-2.82%	–	46th

Show all years (1977–2024)

* IMF World Economic Outlook projection

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +20.5% GDP growth 4.1% C/A balance 6.8%

This pattern occurred 682 times in history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 67% of countries showing this pattern (460 out of 682) saw current account balance improve within 24 months. View full analysis →