Nigeria Gold Reserves - Forecast

Gold Reserves in Nigeria is expected to be 21.40 Tonnes by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gold Reserves in Nigeria to stand at 21.40 in 12 months time. In the long-term, the Nigeria Gold Reserves is projected to trend around 21.40 Tonnes in 2020, according to our econometric models.


Nigeria Gold Reserves
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Nigeria Trade Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 837066 767759 -37000 762978 763515 -176000
Exports 1441774 1518530 400000 1518489 1518493 451000
Imports 604708 750772 437000 755511 754978 627000
Current Account 4469 3838 2560 3406 3579 3041
Current Account to GDP 2 2.2 2.2 3.2 3.2 4.4
Terms of Trade 110 98.74 102 98.74 98.74 107
Foreign Direct Investment 809 926 948 892 890 1160
Capital Flows -10293 5521 -1730 1382 -1238 2945
Gold Reserves 21.4 21.4 21.4 21.4 21.4 21.4
Crude Oil Production 1511 1523 1540 1525 1526 1620
External Debt 22072 25049 27770 29060 30397 40227
Terrorism Index 9.01 9.31 9.2 9.2 9.08 8.9