Nigeria Current Account  Forecast


Current Account in Nigeria is expected to be 1489.00 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 1853.26 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 150317 -20000 -41000 207062 207195 -17600
Exports 994273 310000 350000 972697 972699 451000
Imports 843956 330000 391000 768513 768571 627000
Current Account 1414 1489 2020 1884 1853 3041
Current Account to GDP -1.8 0.8 0.8 2.2 2.2 4.4
Terms of Trade 100 95 100 99.02 99.02 107
Foreign Direct Investment 854 755 852 1090 1039 1160
Capital Flows 4342 -4562 -2627 1257 -101 2945
Gold Reserves 21.37 21.37 21.37 21.37 21.37 21.37
Crude Oil Production 1742 1480 1510 1736 1747 1620
Terrorism Index 9.31 9.4 9.4 9.53 9.62 8.9
External Debt 15050 12200 16549 17004 17294 16486