Nigeria Current Account Balance (% of GDP) (2024)
Nigeria's Current Account Balance (% of GDP): 6.8 % of GDP in 2024, +5.5pp YoY. World Bank (BN.CAB.XOKA.GD.ZS), 1990–2024.
Nigeria (2024)
6.8
% of GDP
+5.5pp YoY
YoY Change
+5.5pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 6.8 | +5.5pp |
| 2023 | 1.3 | +1.2pp |
| 2022 | 0.2 | +0.7pp |
| 2021 | -0.5 | +2.1pp |
| 2020 | -2.7 | -0.6pp |
| 2019 | -2 | -3.8pp |
| 2018 | 1.7 | -1.9pp |
| 2017 | 3.6 | +2.4pp |
| 2016 | 1.3 | +4.4pp |
| 2015 | -3.1 | -3.3pp |
| 2014 | 0.2 | -3.5pp |
| 2013 | 3.7 | -0.1pp |
| 2012 | 3.7 | +1.2pp |
| 2011 | 2.6 | -1pp |
| 2010 | 3.6 | -1.1pp |
| 2009 | 4.7 | -3.9pp |
| 2008 | 8.6 | -1.4pp |
| 2007 | 9.9 | -5.4pp |
| 2006 | 15.3 | -5.5pp |
| 2005 | 20.8 | n/a |
About this Dataset
Nigeria recorded 6.8 % of GDP in 2024. The most recent year-on-year change was +5.5pp. The historical series (1990–2024) shows a peak of 20.8 in 2005 and a trough of -3.1 in 2015.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks nigeria current account balance (% of gdp) in Nigeria, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 20.8 % of GDP in 2005 and reached its lowest recorded value of -3.1 in 2015. The latest reading of 6.8 in 2024 represents a year-on-year change of +5.5pp.