Current Account Balance: Nigeria
Nigeria's current account balance is currently 3.6 % of GDP as of 2026. # Nigeria Current Account Balance Nigeria's current account balance stands at 3.
Current (2026)
3.6 % of GDP
-36.8% y/y
Peak (2005)
15.3 % of GDP
Low (2020)
-2.7 % of GDP
Source
IMF World Economic Outlook
1990–2026 · 41 pts
Current Account Balance — Nigeria
1990 — 2026
Current Account Balance — Nigeria
Analysis# Nigeria Current Account Balance
Nigeria's current account balance stands at 3.6% of GDP in 2026, reflecting a substantial decline from its all-time peak of 15.3% in 2005. The metric has contracted 36.8% since 1990, though the current figure remains well above the nation's lowest point of -2.7% recorded in 2020. This trajectory reveals Nigeria's shifting external position over three decades, marked by volatility tied to commodity price cycles and economic structural changes.
A dramatic recovery occurred between 2023 and 2024, when the balance surged from 1.3% to 6.8% of GDP—the strongest performance in the recent cycle. The subsequent moderation to 5.7% in 2025 and further decline to 3.6% in 2026 suggests stabilization rather than renewed deterioration. Near-term projections indicate the current account will likely remain positive but settle around moderate levels, reflecting Nigeria's ongoing economic rebalancing.
Historical Data
41 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 1.3 % of GDP | -31.58% |
| 2029 | 1.9 % of GDP | -24.00% |
| 2028 | 2.5 % of GDP | -16.67% |
| 2027 | 3 % of GDP | -16.67% |
| 2026 | 3.6 % of GDP | -36.84% |
| 2025 | 5.7 % of GDP | -16.18% |
| 2024 | 6.8 % of GDP | +423.08% |
| 2023 | 1.3 % of GDP | +550.00% |
| 2022 | 0.2 % of GDP | +140.00% |
| 2021 | -0.5 % of GDP | +81.48% |
| 2020 | -2.7 % of GDP | -35.00% |
| 2019 | -2 % of GDP | -266.67% |
| 2018 | 1.2 % of GDP | -53.85% |
| 2017 | 2.6 % of GDP | +188.89% |
| 2016 | 0.9 % of GDP | +140.91% |
| 2015 | -2.2 % of GDP | -2300.00% |
| 2014 | 0.1 % of GDP | -96.15% |
| 2013 | 2.6 % of GDP | +0.00% |
| 2012 | 2.6 % of GDP | +44.44% |
| 2011 | 1.8 % of GDP | -28.00% |
Show all 41 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 2.5 % of GDP | -24.24% |
| 2009 | 3.3 % of GDP | -46.77% |
| 2008 | 6.2 % of GDP | -16.22% |
| 2007 | 7.4 % of GDP | -36.21% |
| 2006 | 11.6 % of GDP | -24.18% |
| 2005 | 15.3 % of GDP | +66.30% |
| 2004 | 9.2 % of GDP | +300.00% |
| 2003 | 2.3 % of GDP | +187.50% |
| 2002 | 0.8 % of GDP | -66.67% |
| 2001 | 2.4 % of GDP | -69.23% |
| 2000 | 7.8 % of GDP | +1200.00% |
| 1999 | 0.6 % of GDP | +142.86% |
| 1998 | -1.4 % of GDP | -800.00% |
| 1997 | 0.2 % of GDP | -85.71% |
| 1996 | 1.4 % of GDP | +200.00% |
| 1995 | -1.4 % of GDP | +26.32% |
| 1994 | -1.9 % of GDP | -90.00% |
| 1993 | -1 % of GDP | -132.26% |
| 1992 | 3.1 % of GDP | +121.43% |
| 1991 | 1.4 % of GDP | -75.44% |
| 1990 | 5.7 % of GDP | — |
Related Data
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For Nigeria
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Demographics
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