Nigeria recorded a Current Account surplus of 5735.86 USD Million in the second quarter of 2018. Current Account in Nigeria averaged 2510.92 USD Million from 2005 until 2018, reaching an all time high of 10383.67 USD Million in the second quarter of 2008 and a record low of -5695.27 USD Million in the third quarter of 2015.

Current Account in Nigeria is expected to be 2560.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Nigeria to stand at 4223.86 in 12 months time. In the long-term, the Nigeria Current Account is projected to trend around 3041.00 USD Million in 2020, according to our econometric models.

Nigeria Current Account
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Nigeria Trade Last Previous Highest Lowest Unit
Balance of Trade 805238.49 -613101.70 2177553.08 -613101.70 NGN Millions [+]
Exports 1754576.91 1587237.78 2648881.76 322.93 NGN Millions [+]
Imports 949338.42 2200339.49 2200339.49 167.88 NGN Millions [+]
Current Account 5735.86 3523.00 10383.67 -5695.27 USD Million [+]
Current Account to GDP 2.00 -1.80 32.80 -18.70 percent [+]
Terms of Trade 109.20 111.10 160.25 49.48 Index Points [+]
Foreign Direct Investment 435.64 808.56 3084.90 435.64 USD Million [+]
Capital Flows 1792.62 909.16 20302.97 -15439.95 USD Million [+]
Gold Reserves 21.40 21.40 21.40 21.37 Tonnes [+]
Crude Oil Production 1772.00 1634.00 2475.00 675.00 BBL/D/1K [+]
External Debt 22083.44 22071.91 22083.44 3627.50 USD Million [+]
Terrorism Index 9.01 9.31 9.31 3.86 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Nigeria Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Nigeria Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Current Account - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5735.86 3523.00 10383.67 -5695.27 2005 - 2018 USD Million Quarterly




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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