Nigeria – Current Account Balance 2004
12.40%
+9.17% from 2003
Nigeria's current account balance was 12.40% in 2004, increased +9.17% from 3.24% in 2003. This was the 148th highest globally.
Global Ranking – 2004▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | West Bank and Gaza | -34.50% | -27.9% |
| 2nd | São Tomé and Principe | -32.33% | -16.5% |
| 3rd | Tuvalu | -30.97% | 4.2% |
| 4th | Azerbaijan | -29.83% | -7.4% |
| 5th | Grenada | -21.91% | 16.9% |
| 6th | Lebanon | -20.82% | 18.6% |
| 7th | Liberia | -17.81% | -5,444.0% |
| 8th | Bosnia and Herzegovina | -16.14% | 15.9% |
| 9th | St. Lucia | -14.87% | 28.9% |
| 10th | Cabo Verde | -14.06% | -26.4% |
| 11th | St. Vincent and the Grenadines | -13.31% | -58.3% |
| 12th | Barbados | -12.69% | -116.5% |
| 13th | Latvia | -12.15% | -60.8% |
| 14th | Estonia | -11.98% | 7.3% |
| 15th | Nicaragua | -11.87% | 10.5% |
| 16th | Belize | -11.06% | 21.5% |
| 17th | Maldives | -9.97% | -235.2% |
| 18th | Iceland | -9.97% | -107.0% |
| 19th | Fiji | -9.28% | -306.5% |
| 20th | Hungary | -9.08% | -9.9% |
| 21st | Romania | -8.51% | -48.6% |
| 22nd | Dominica | -8.41% | -39.0% |
| 23rd | Portugal | -7.98% | -19.7% |
| 24th | North Macedonia | -7.95% | -111.9% |
| 25th | Madagascar | -7.88% | -53.1% |
| 26th | Lithuania | -7.78% | -14.5% |
| 27th | Honduras | -7.71% | -14.7% |
| 28th | St. Kitts and Nevis | -7.70% | 56.6% |
| 29th | Slovak Republic | -7.62% | -1,159.7% |
| 30th | Lao PDR | -7.53% | -413.0% |
| 31st | Malawi | -7.49% | -40.5% |
| 32nd | Zambia | -7.15% | 47.2% |
| 33rd | Georgia | -6.95% | 27.4% |
| 34th | Panama | -6.92% | -63.7% |
| 35th | Seychelles | -6.75% | -441.7% |
| 36th | Australia | -6.71% | -7.2% |
| 37th | Ghana | -6.65% | -598.8% |
| 38th | Togo | -6.49% | -19.6% |
| 39th | Samoa | -6.41% | 12.8% |
| 40th | Bulgaria | -6.39% | -32.2% |
| 41st | Mali | -6.32% | -30.4% |
| 42nd | Antigua and Barbuda | -6.31% | 31.1% |
| 43rd | Niger | -6.15% | 4.8% |
| 44th | Croatia | -6.15% | 32.5% |
| 45th | Vanuatu | -6.15% | 12.7% |
| 46th | Poland | -5.97% | -138.4% |
| 47th | Greece | -5.74% | 11.7% |
| 48th | Spain | -5.42% | -42.5% |
| 49th | United States | -5.20% | -14.2% |
| 50th | Belarus | -5.15% | -101.3% |
| 51st | Senegal | -5.07% | -1.7% |
| 52nd | Guatemala | -4.94% | -2.5% |
| 53rd | Jamaica | -4.93% | 39.9% |
| 54th | Albania | -4.83% | 31.1% |
| 55th | Cyprus | -4.77% | -137.8% |
| 56th | El Salvador | -4.68% | 11.8% |
| 57th | Benin | -4.67% | 24.8% |
| 58th | New Zealand | -4.51% | -87.4% |
| 59th | Sierra Leone | -4.43% | -14.5% |
| 60th | Solomon Islands | -4.04% | 57.7% |
| 61st | Malta | -3.80% | -31.6% |
| 62nd | Czechia | -3.71% | 35.6% |
| 63rd | Costa Rica | -3.63% | 30.4% |
| 64th | Burundi | -3.54% | -16.1% |
| 65th | Türkiye | -3.46% | -44.5% |
| 66th | Bahamas, The | -3.39% | 36.5% |
| 67th | Comoros | -3.33% | 1.2% |
| 68th | Tonga | -3.27% | 48.5% |
| 69th | Gambia, The | -3.15% | -682.5% |
| 70th | Sri Lanka | -3.13% | -736.8% |
| 71st | Cambodia | -3.11% | 32.8% |
| 72nd | Sudan | -3.07% | 30.1% |
| 73rd | Guinea | -3.06% | 16.9% |
| 74th | Tanzania | -2.90% | -153.2% |
| 75th | Tajikistan | -2.75% | -797.0% |
| 76th | Slovenia | -2.61% | -255.7% |
| 77th | Guyana | -2.53% | 57.9% |
| 78th | South Africa | -2.51% | -220.4% |
| 79th | United Kingdom | -2.28% | -25.4% |
| 80th | Cameroon | -2.21% | 41.0% |
| 81st | Armenia | -2.20% | 64.3% |
| 82nd | Viet Nam | -2.11% | 56.8% |
| 83rd | Moldova | -1.78% | 73.0% |
| 84th | Mauritius | -1.68% | -206.1% |
| 85th | Tunisia | -1.42% | 46.8% |
| 86th | Ecuador | -1.36% | -9.0% |
| 87th | Haiti | -1.02% | -16.1% |
| 88th | Kenya | -0.82% | -192.1% |
| 89th | Colombia | -0.66% | 31.4% |
| 90th | Pakistan | -0.62% | -119.4% |
| 91st | Italy | -0.50% | 35.4% |
| 92nd | Mexico | -0.46% | 11.8% |
| 93rd | Bangladesh | -0.43% | -295.6% |
| 94th | Paraguay | -0.10% | -146.1% |
| 95th | Uganda | -0.02% | 96.4% |
| 96th | Uruguay | 0.02% | 103.2% |
| 97th | Peru | 0.03% | 101.8% |
| 98th | India | 0.11% | -92.4% |
| 99th | Jordan | 0.34% | -97.1% |
| 100th | France | 0.43% | -50.1% |
| 101st | Djibouti | 0.47% | -96.3% |
| 102nd | Indonesia | 0.61% | -82.4% |
| 103rd | Kazakhstan | 0.78% | 187.9% |
| 104th | Israel | 0.84% | 253.0% |
| 105th | Myanmar | 1.04% | 672.1% |
| 106th | Kyrgyz Republic | 1.32% | 160.2% |
| 107th | Brazil | 1.34% | 240.7% |
| 108th | Nepal | 1.37% | -51.7% |
| 109th | Morocco | 1.47% | -46.2% |
| 110th | Thailand | 1.60% | -49.1% |
| 111th | Philippines | 1.71% | 422.4% |
| 112th | Lesotho | 1.76% | 218.4% |
| 113th | Argentina | 1.95% | -69.4% |
| 114th | Canada | 2.26% | 94.3% |
| 115th | Denmark | 2.36% | -26.0% |
| 116th | Syrian Arab Republic | 2.36% | -31.6% |
| 117th | Guinea-Bissau | 2.38% | 4,688.4% |
| 118th | Angola | 2.52% | 171.3% |
| 119th | Eswatini | 2.63% | -36.7% |
| 120th | Oman | 3.09% | -47.5% |
| 121st | Belgium | 3.10% | -8.8% |
| 122nd | Mongolia | 3.16% | 151.1% |
| 123rd | Chile | 3.26% | 1,419.4% |
| 124th | French Polynesia | 3.34% | 238.0% |
| 125th | China | 3.47% | 35.9% |
| 126th | Botswana | 3.54% | -62.9% |
| 127th | Korea | 3.56% | 129.2% |
| 128th | Bahrain | 3.59% | 98.1% |
| 129th | Japan | 3.72% | 20.6% |
| 130th | Bolivia, Plurinational State of | 3.85% | 311.3% |
| 131st | New Caledonia | 4.35% | 675.6% |
| 132nd | Germany | 4.53% | 195.8% |
| 133rd | Dominican Republic | 4.67% | -3.6% |
| 134th | Papua New Guinea | 4.79% | 19.2% |
| 135th | Egypt, Arab Republic of | 4.98% | 6.8% |
| 136th | Sweden | 5.96% | 1.7% |
| 137th | Finland | 6.36% | 27.8% |
| 138th | Netherlands | 6.70% | 30.6% |
| 139th | Namibia | 6.75% | 25.2% |
| 140th | Luxembourg | 7.20% | -0.5% |
| 141st | Faroe Islands | 7.52% | 1,821.8% |
| 142nd | Russian Federation | 9.91% | 28.7% |
| 143rd | Hong Kong SAR, China | 9.95% | -7.8% |
| 144th | Ukraine | 10.28% | 84.3% |
| 145th | Gabon | 11.90% | 1.2% |
| 146th | Aruba | 12.01% | 248.3% |
| 147th | Malaysia | 12.09% | -0.4% |
| 148th | Nigeria | 12.40% | 283.2% |
| 149th | Norway | 12.44% | 3.0% |
| 150th | Switzerland | 12.53% | 11.0% |
| 151st | Trinidad and Tobago | 13.50% | 55.0% |
| 152nd | Libya | 13.94% | 7.6% |
| 153rd | Congo, Republic of | 14.51% | -2.6% |
| 154th | Singapore | 19.31% | -20.5% |
| 155th | Saudi Arabia | 20.07% | 54.4% |
| 156th | Kuwait | 26.09% | 32.5% |
| 157th | Macao SAR, China | 32.96% | 7.6% |
| 158th | Brunei Darussalam | 33.44% | -3.5% |
HistorySaid – pattern alert
Nigeria matched the Fiscal Dominance Trap pattern in 2004. Historically: 329 occurrences, 239 successful (73%). Outcome 24 months later: 8.2%. View full analysis →
Related
2003
2005
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Full ranking 2004
Exports
Imports
Trade Balance
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FDI Outflows
Peak: 2005
Lowest: 1978
Current Account Balance 1990s
Current Account Balance 2000s
Current Account Balance 2010s
Current Account Balance 2020s
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Lowest ever
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