Nigeria recorded a Current Account deficit of 4.20 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Nigeria
Current Account to GDP in Nigeria averaged 1.77 percent of GDP from 1980 until 2020, reaching an all time high of 32.80 percent of GDP in 2005 and a record low of -18.70 percent of GDP in 1986. This page provides - Nigeria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Current Account to GDP - values, historical data and charts - was last updated on June of 2022.
Current Account to GDP in Nigeria is expected to reach 4.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Current Account to GDP is projected to trend around 5.00 percent of GDP in 2023 and 4.20 percent of GDP in 2024, according to our econometric models.