Nigeria Forecast: Current Account Balance
1980 - 2028 | Yearly | USD bn | International Monetary Fund
Key information about Nigeria Forecast: Current Account Balance
- Nigeria Current Account Balance is forecasted to be 2.349 USD bn in Dec 2024 as reported by International Monetary Fund.
- It records an increase from the last reported number of 2.817 USD bn in Dec 2023.
- Looking ahead, Nigeria Current Account Balance is projected to stand at 0.890 USD bn in Dec 2028.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: BPM6: Current Account: USD.
View Nigeria's Forecast: Current Account Balance from 1980 to 2028 in the chart:
What is Nigeria's Forecast: Current Account Balance in 2028?
Nigeria Current Account Balance is forecasted to be 2.349 USD bn in Dec 2024 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 0.890 2028 | 0.727 2027 | -15.986 2020 | 36.529 2005 | USD bn | yearly | 1980 - 2028 |
Forecast: Current Account Balance by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (USD bn) | 2.247 2020 | yearly | 2002 - 2020 |
| Albania (USD bn) | -1.790 2028 | yearly | 1980 - 2028 |
| Algeria (USD bn) | -11.567 2029 | yearly | 1980 - 2029 |
| Andorra (USD bn) | 0.842 2028 | yearly | 2019 - 2028 |
| Angola (USD bn) | 4.541 2029 | yearly | 1980 - 2029 |
| Antigua and Barbuda (USD bn) | -0.252 2029 | yearly | 2014 - 2029 |
| Argentina (USD bn) | 10.297 2029 | yearly | 1980 - 2029 |
| Armenia (USD bn) | -1.802 2029 | yearly | 1992 - 2029 |
| Aruba (USD bn) | 0.170 2029 | yearly | 1999 - 2029 |
| Australia (USD bn) | -11.131 2029 | yearly | 1980 - 2029 |
| Austria (USD bn) | 1.670 2028 | yearly | 1980 - 2028 |
| Azerbaijan (USD bn) | 4.193 2029 | yearly | 1992 - 2029 |
| Bahamas (USD bn) | -0.965 2028 | yearly | 1980 - 2028 |
| Bahrain (USD bn) | 1.321 2028 | yearly | 1980 - 2028 |
| Bangladesh (USD bn) | -21.942 2028 | yearly | 1980 - 2028 |
| Barbados (USD bn) | -0.438 2028 | yearly | 1980 - 2028 |
| Belarus (USD bn) | -0.558 2029 | yearly | 1992 - 2029 |
| Belgium (USD bn) | 1.614 2029 | yearly | 1980 - 2029 |
| Belize (USD bn) | -0.215 2028 | yearly | 1980 - 2028 |
| Benin (USD bn) | -1.245 2028 | yearly | 1980 - 2028 |
| Bhutan (USD bn) | -0.416 2028 | yearly | 1980 - 2028 |
| Bolivia (USD bn) | -3.452 2029 | yearly | 1980 - 2029 |
| Bosnia and Herzegovina (USD bn) | -1.298 2028 | yearly | 1998 - 2028 |
| Botswana (USD bn) | 0.283 2029 | yearly | 1980 - 2029 |
| Brazil (USD bn) | -61.163 2029 | yearly | 1980 - 2029 |
| Brunei (USD bn) | 3.308 2029 | yearly | 1981 - 2029 |
| Bulgaria (USD bn) | -0.564 2029 | yearly | 1980 - 2029 |
| Burkina Faso (USD bn) | -0.678 2029 | yearly | 1980 - 2029 |
| Burundi (USD bn) | -0.583 2028 | yearly | 1980 - 2028 |
| Cambodia (USD bn) | -2.954 2028 | yearly | 1992 - 2028 |
| Cameroon (USD bn) | -2.074 2029 | yearly | 1980 - 2029 |
| Canada (USD bn) | -55.335 2028 | yearly | 1980 - 2028 |
| Cape Verde (USD bn) | -0.120 2029 | yearly | 1980 - 2029 |
| Central African Republic (USD bn) | -0.173 2028 | yearly | 1980 - 2028 |
| Chad (USD bn) | -0.981 2028 | yearly | 1980 - 2028 |
| Chile (USD bn) | -12.671 2028 | yearly | 1980 - 2028 |
| China (USD bn) | 268.682 2029 | yearly | 1997 - 2029 |
| Colombia (USD bn) | -17.588 2029 | yearly | 1980 - 2029 |
| Comoros (USD bn) | -0.085 2028 | yearly | 1980 - 2028 |
| Congo (USD bn) | -0.461 2028 | yearly | 1980 - 2028 |
| Costa Rica (USD bn) | -1.821 2029 | yearly | 1980 - 2029 |
| Croatia (USD bn) | -0.159 2029 | yearly | 1992 - 2029 |
| Cyprus (USD bn) | -3.590 2029 | yearly | 1980 - 2029 |
| Czech Republic (USD bn) | 6.206 2029 | yearly | 1995 - 2029 |
| Democratic Republic of Congo (USD bn) | -3.273 2028 | yearly | 1980 - 2028 |
| Denmark (USD bn) | 44.415 2029 | yearly | 1980 - 2029 |
| Djibouti (USD bn) | 0.128 2028 | yearly | 1991 - 2028 |
| Dominica (USD bn) | -0.108 2029 | yearly | 2000 - 2029 |
| Dominican Republic (USD bn) | -4.927 2028 | yearly | 1980 - 2028 |
| Ecuador (USD bn) | 1.810 2029 | yearly | 1980 - 2029 |
| Egypt (USD bn) | -14.101 2029 | yearly | 1980 - 2029 |
| El Salvador (USD bn) | -1.320 2029 | yearly | 1980 - 2029 |
| Equatorial Guinea (USD bn) | -0.968 2029 | yearly | 1987 - 2029 |
| Eritrea (USD bn) | 0.257 2019 | yearly | 1992 - 2019 |
| Estonia (USD bn) | -0.974 2029 | yearly | 1993 - 2029 |
| Swaziland (USD bn) | 0.001 2029 | yearly | 1980 - 2029 |
| Ethiopia (USD bn) | -6.377 2029 | yearly | 1980 - 2029 |
| Fiji (USD bn) | -0.574 2029 | yearly | 1980 - 2029 |
| Finland (USD bn) | -1.459 2028 | yearly | 1980 - 2028 |
| France (USD bn) | -4.242 2029 | yearly | 1980 - 2029 |
| Gabon (USD bn) | -1.367 2028 | yearly | 1980 - 2028 |
| Gambia (USD bn) | -0.046 2029 | yearly | 1980 - 2029 |
| Georgia (USD bn) | -2.346 2028 | yearly | 1995 - 2028 |
| Germany (USD bn) | 328.784 2029 | yearly | 1980 - 2029 |
| Ghana (USD bn) | -2.914 2028 | yearly | 1980 - 2028 |
| Greece (USD bn) | -9.215 2028 | yearly | 1980 - 2028 |
| Grenada (USD bn) | -0.194 2029 | yearly | 2014 - 2029 |
| Guatemala (USD bn) | 0.858 2029 | yearly | 1980 - 2029 |
| Guinea (USD bn) | -3.055 2029 | yearly | 1980 - 2029 |
| Guinea-Bissau (USD bn) | -0.118 2028 | yearly | 1980 - 2028 |
| Guyana (USD bn) | 14.259 2028 | yearly | 1980 - 2028 |
| Haiti (USD bn) | -0.233 2029 | yearly | 1980 - 2029 |
| Honduras (USD bn) | -1.959 2029 | yearly | 1980 - 2029 |
| Hong Kong SAR, China (USD bn) | 25.833 2028 | yearly | 1980 - 2028 |
| Hungary (USD bn) | 1.409 2028 | yearly | 1980 - 2028 |
| Iceland (USD bn) | 0.471 2028 | yearly | 1980 - 2028 |
| India (USD bn) | -137.893 2028 | yearly | 1980 - 2028 |
| Indonesia (USD bn) | -30.420 2028 | yearly | 1980 - 2028 |
| Iran (USD bn) | 18.440 2029 | yearly | 1980 - 2029 |
| Iraq (USD bn) | -30.252 2029 | yearly | 2001 - 2029 |
| Ireland (USD bn) | 44.016 2028 | yearly | 1980 - 2028 |
| Israel (USD bn) | 23.348 2028 | yearly | 1980 - 2028 |
| Italy (USD bn) | 53.574 2028 | yearly | 1980 - 2028 |
| Ivory Coast (USD bn) | -3.088 2028 | yearly | 1980 - 2028 |
| Jamaica (USD bn) | -0.511 2028 | yearly | 1980 - 2028 |
| Japan (USD bn) | 154.467 2029 | yearly | 1980 - 2029 |
| Jordan (USD bn) | -3.004 2029 | yearly | 1980 - 2029 |
| Kazakhstan (USD bn) | -10.333 2028 | yearly | 1992 - 2028 |
| Kenya (USD bn) | -7.497 2028 | yearly | 1980 - 2028 |
| Kiribati (USD bn) | 0.027 2028 | yearly | 1980 - 2028 |
| South Korea (USD bn) | 66.020 2028 | yearly | 1980 - 2028 |
| Kosovo (USD bn) | -0.707 2029 | yearly | 2000 - 2029 |
| Kuwait (USD bn) | 31.307 2029 | yearly | 1980 - 2029 |
| Kyrgyzstan (USD bn) | -0.916 2029 | yearly | 1992 - 2029 |
| Laos (USD bn) | -1.018 2028 | yearly | 1980 - 2028 |
| Latvia (USD bn) | -1.830 2029 | yearly | 1992 - 2029 |
| Lebanon (USD bn) | -7.859 2022 | yearly | 1980 - 2022 |
| Lesotho (USD bn) | -0.120 2029 | yearly | 1980 - 2029 |
| Liberia (USD bn) | -1.265 2028 | yearly | 2000 - 2028 |
| Libya (USD bn) | 7.305 2028 | yearly | 1980 - 2028 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.4 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Consolidated Fiscal Balance (USD mn) | -1,701.594 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Government Debt: % of GDP (%) | 49.5 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
| Forecast: Government Expenditure (NGN bn) | 99,387.936 2029 | yearly | 1990 - 2029 |
| Forecast: Government Net Debt (NGN bn) | 205,772.040 2028 | yearly | 1990 - 2028 |
| Forecast: Government Revenue (NGN bn) | 74,924.965 2029 | yearly | 1990 - 2029 |
| Gross Federation Account Revenue (NGN bn) | 4,876.700 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Balance (NGN bn) | -2,245.790 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Expenditure: Recurrent (NGN bn) | 3,111.800 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Gross Federation Account Revenue: Oil (NGN bn) | 1,530.910 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Revenue (NGN bn) | 1,445.670 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Expenditure: Capital (NGN bn) | 235.110 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Federal Govt Expenditure (NGN bn) | 3,691.460 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Government Debt: Domestic (NGN bn) | 53,258.012 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
| Trade Balance (USD mn) | 2,786.0 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Exports (USD mn) | 4,913.5 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Exports Growth (%) | 163.7 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
| Aluminum: Exports (USD th) | 209,774.903 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 2,876.353 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 480.530 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
| Total Imports Growth (%) | 83.0 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
| Imports: Medicament (USD th) | 755,360.705 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 508,406.689 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 658.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Imports from USA (USD mn) | 177.707 Jun 2024 | monthly | Dec 2009 - Jun 2024 |
| Total Exports to China (USD mn) | 160.464 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Total Imports from China (USD mn) | 737.510 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Exports: Crude Oil (NGN mn) | 5,457,219.231 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Total Trade (NGN mn) | 10,433,069.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Growth Rate: MoM (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
| Exports: America: ow USA (NGN mn) | 975,552.174 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Europe: ow Netherlands (NGN mn) | 434,520.151 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports (NGN mn) | 7,280,672.000 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Europe: ow UK (NGN mn) | 4,761.874 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
| Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
| Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
| Imports: Europe: ow Germany (NGN mn) | 91,725.002 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Asia: ow China (NGN mn) | 1,092,816.851 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
| Imports: Europe: ow Netherlands (NGN mn) | 89,695.701 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: America: ow USA (NGN mn) | 263,320.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Europe: ow UK (NGN mn) | 39,682.510 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Chemicals and Chemical Products (NGN mn) | 531,688.790 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 564,023.272 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports (NGN mn) | 3,152,397.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Manufactured Goods (NGN mn) | 415,104.163 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Food and Live Animals (NGN mn) | 464,465.517 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Imports: Machinery and Transport Equipment (NGN mn) | 939,658.575 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
| Foreign Direct Investment: % of GDP (%) | 1.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| External Debt (USD mn) | 42,495.2 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
| External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
| External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
| Forecast: Current Account Balance (USD bn) | 0.890 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | -86,263.760 2023 | yearly | 2005 - 2023 |
| External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
| External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| External Debt: Government: International Capital Market (USD mn) | 15,118.350 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
| Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
| Money Supply M1 (USD mn) | 21,896.535 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Money Supply M2 (USD mn) | 67,150.889 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| M2 Growth (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Reserve Requirement Ratio (%) | 45.0 Aug 2024 | monthly | Nov 2005 - Aug 2024 |
| Foreign Exchange Reserves (USD mn) | 34,762.2 Jun 2024 | monthly | Jan 1960 - Jun 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.126 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 16.3 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
| Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
| Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
| Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
| Domestic Credit (USD mn) | 66,336.6 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Domestic Credit Growth (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
| Private Debt: % of Nominal GDP (%) | 16.22 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Monetary Survey: Liabilities: M2: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: Base Money (NGN mn) | 26,891,229.280 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
| Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,232,284.010 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M2 (NGN mn) | 107,182,219.490 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
| Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
| Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 13.8 Sep 2024 | monthly | Jul 2015 - Sep 2024 |
More Indicators for Nigeria
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Balance of Payments
Balance of Payments: Capital and Financial Account
BPM5: Balance of Payments
BPM6: Balance of Payments: Detailed Presentation: Annual
BPM6: International Investment Position: Annual
Capital Inflows
Company Statistics
Current Account Balance as % of GDP
External Debt: Arrears and Reschedulings
External Debt: Debt Outstanding, Debt Ratio and Debt Service
External Debt: Government
External Debt: Net Flows and Net Transfers
Investment Statistics
Balance of Payments
Balance of Payments: Current Account
BPM6: Balance of Payments: Analytical Presentation: Annual
BPM6: International Investment Position
Businesses Registered Statistics
Capital Inflows (Annual)
Current Account as % of GDP
External Debt: Amortization
External Debt: Commitments and Currency Composition
External Debt: Disbursements and Interest Payment
External Debt: Government: Annual
External Debt: Terms and Undisbursed Debt