Financial account balance (assets less liabilities), Net (net) in Nigeria
Nigeria: Financial account balance (assets less liabilities), Net (net) was 13.62 billion in 2024. ◆ Volatile
Financial account balance (assets less liabilities), Net (net) in Nigeria, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for financial account balance (assets less liabilities), net (net) in Nigeria is 13.62 billion, measured in 2024.
Compared with earlier readings it is up 174.4% on the previous year and up 210.9% over ten years.
Over the whole period, financial account balance (assets less liabilities), net (net) in Nigeria peaked at 29.92 billion in 2006 and was at its lowest, -21.44 billion, in 2019.
That places Nigeria 22nd out of 197 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial account balance (assets less liabilities), Net (net) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 26.52 billion | — |
| 2006 | 29.92 billion | +12.8% |
| 2007 | 13.25 billion | -55.7% |
| 2008 | 8.37 billion | -36.8% |
| 2009 | -12.51 billion | -249.5% |
| 2010 | -1.80 billion | -85.6% |
| 2011 | 5.40 billion | -399.8% |
| 2012 | 12.38 billion | +129.0% |
| 2013 | -7.69 billion | -162.1% |
| 2014 | -12.29 billion | +59.9% |
| 2015 | 5.33 billion | -143.4% |
| 2016 | -10.28 billion | -292.7% |
| 2017 | -5.26 billion | -48.9% |
| 2018 | 98.98 million | -101.9% |
| 2019 | -21.44 billion | -21757.1% |
| 2020 | -2.41 billion | -88.8% |
| 2021 | -3.09 billion | +28.2% |
| 2022 | -6.55 billion | +112.3% |
| 2023 | -18.31 billion | +179.4% |
| 2024 | 13.62 billion | -174.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.11 billion | -12.51 billion | 29.92 billion | 5 |
| 2010s | -3.55 billion | -21.44 billion | 12.38 billion | 10 |
| 2020s | -3.35 billion | -18.31 billion | 13.62 billion | 5 |
Countries ranked near Nigeria
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
Frequently asked questions
- What is financial account balance (assets less liabilities), net (net) in Nigeria?
- Financial account balance (assets less liabilities), net (net) in Nigeria was 13.62 billion in 2024, according to International Monetary Fund.
- What is the highest financial account balance (assets less liabilities), net (net) recorded in Nigeria?
- The highest recorded value was 29.92 billion in 2006.
- What is the lowest financial account balance (assets less liabilities), net (net) recorded in Nigeria?
- The lowest recorded value was -21.44 billion in 2019.
- How does Nigeria rank for financial account balance (assets less liabilities), net (net)?
- Nigeria ranks 22nd out of 197 countries with data for 2024.
- Is financial account balance (assets less liabilities), net (net) rising or falling in Nigeria?
- Over the last ten years it is up 210.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Financial account balance (assets less liabilities), Net (net acquisition of financial assets less net incurrence of liabilities), Adjusted using IMF accounting records (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.