Nigeria - Imports of goods and services
Imports of goods and services (BoP, current US$)
The latest value for Imports of goods and services (BoP, current US$) in Nigeria was $72,178,440,000 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between $100,820,000,000 in 2019 and $3,529,750,000 in 1996.
Definition: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1977 | $13,232,490,000 |
| 1978 | $14,574,860,000 |
| 1979 | $15,253,130,000 |
| 1980 | $20,013,500,000 |
| 1981 | $24,009,720,000 |
| 1982 | $18,320,280,000 |
| 1983 | $13,819,530,000 |
| 1984 | $10,654,540,000 |
| 1985 | $9,102,972,000 |
| 1986 | $4,243,888,000 |
| 1987 | $4,953,390,000 |
| 1988 | $5,158,953,000 |
| 1989 | $5,067,935,000 |
| 1990 | $6,908,760,000 |
| 1991 | $10,261,490,000 |
| 1992 | $8,990,513,000 |
| 1993 | $9,387,575,000 |
| 1994 | $9,518,139,000 |
| 1995 | $3,995,726,000 |
| 1996 | $3,529,750,000 |
| 1997 | $4,335,438,000 |
| 1998 | $3,811,717,000 |
| 1999 | $12,063,840,000 |
| 2000 | $12,017,500,000 |
| 2001 | $15,736,050,000 |
| 2002 | $15,797,450,000 |
| 2003 | $21,866,490,000 |
| 2004 | $20,982,270,000 |
| 2005 | $32,626,580,000 |
| 2006 | $35,911,380,000 |
| 2007 | $46,644,430,000 |
| 2008 | $64,200,970,000 |
| 2009 | $49,482,730,000 |
| 2010 | $70,853,000,000 |
| 2011 | $90,793,630,000 |
| 2012 | $80,874,230,000 |
| 2013 | $76,653,930,000 |
| 2014 | $86,447,570,000 |
| 2015 | $71,947,440,000 |
| 2016 | $46,998,260,000 |
| 2017 | $50,934,120,000 |
| 2018 | $71,637,360,000 |
| 2019 | $100,820,000,000 |
| 2020 | $72,178,440,000 |
Imports of goods and services (current US$)
The latest value for Imports of goods and services (current US$) in Nigeria was $71,632,200,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $88,741,070,000 in 2019 and $665,719,200 in 1962.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | $710,187,900 |
| 1961 | $728,148,400 |
| 1962 | $665,719,200 |
| 1963 | $699,267,500 |
| 1964 | $855,867,300 |
| 1965 | $940,921,200 |
| 1966 | $930,981,400 |
| 1967 | $905,921,900 |
| 1968 | $818,423,600 |
| 1969 | $1,023,660,000 |
| 1970 | $1,406,832,000 |
| 1971 | $1,251,416,000 |
| 1972 | $1,447,831,000 |
| 1973 | $2,327,475,000 |
| 1974 | $3,619,772,000 |
| 1975 | $6,342,373,000 |
| 1976 | $8,685,914,000 |
| 1977 | $8,116,201,000 |
| 1978 | $8,679,838,000 |
| 1979 | $9,008,811,000 |
| 1980 | $12,324,260,000 |
| 1981 | $15,759,430,000 |
| 1982 | $10,116,820,000 |
| 1983 | $4,380,360,000 |
| 1984 | $2,226,400,000 |
| 1985 | $2,430,040,000 |
| 1986 | $2,130,169,000 |
| 1987 | $3,501,734,000 |
| 1988 | $2,865,443,000 |
| 1989 | $3,930,284,000 |
| 1990 | $5,376,544,000 |
| 1991 | $6,274,751,000 |
| 1992 | $6,812,038,000 |
| 1993 | $3,789,068,000 |
| 1994 | $3,217,519,000 |
| 1995 | $6,773,530,000 |
| 1996 | $8,801,911,000 |
| 1997 | $12,422,520,000 |
| 1998 | $11,540,300,000 |
| 1999 | $7,791,765,000 |
| 2000 | $9,009,124,000 |
| 2001 | $15,864,370,000 |
| 2002 | $16,020,480,000 |
| 2003 | $23,692,880,000 |
| 2004 | $15,878,150,000 |
| 2005 | $21,181,010,000 |
| 2006 | $30,812,590,000 |
| 2007 | $49,889,890,000 |
| 2008 | $51,351,760,000 |
| 2009 | $51,415,220,000 |
| 2010 | $63,833,760,000 |
| 2011 | $87,725,740,000 |
| 2012 | $59,150,430,000 |
| 2013 | $66,124,760,000 |
| 2014 | $68,061,580,000 |
| 2015 | $51,924,110,000 |
| 2016 | $46,552,590,000 |
| 2017 | $49,508,500,000 |
| 2018 | $69,551,810,000 |
| 2019 | $88,741,070,000 |
| 2020 | $71,632,200,000 |
Imports of goods and services (current LCU)
The value for Imports of goods and services (current LCU) in Nigeria was 25,560,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 28,840,800,000,000 in 2019 and a minimum value of 475,523,200 in 1962.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 507,287,200 |
| 1961 | 520,116,400 |
| 1962 | 475,523,200 |
| 1963 | 499,486,800 |
| 1964 | 611,346,000 |
| 1965 | 672,100,000 |
| 1966 | 665,000,000 |
| 1967 | 647,100,000 |
| 1968 | 584,600,000 |
| 1969 | 731,200,000 |
| 1970 | 1,004,900,000 |
| 1971 | 1,414,100,000 |
| 1972 | 1,301,600,000 |
| 1973 | 1,880,600,000 |
| 1974 | 2,856,000,000 |
| 1975 | 5,238,800,000 |
| 1976 | 6,844,500,000 |
| 1977 | 7,564,300,000 |
| 1978 | 8,567,000,000 |
| 1979 | 8,180,000,000 |
| 1980 | 9,649,900,000 |
| 1981 | 13,348,230,000 |
| 1982 | 10,561,960,000 |
| 1983 | 7,161,889,000 |
| 1984 | 5,024,985,000 |
| 1985 | 6,189,311,000 |
| 1986 | 7,700,562,000 |
| 1987 | 16,265,550,000 |
| 1988 | 18,215,620,000 |
| 1989 | 37,054,720,000 |
| 1990 | 49,216,880,000 |
| 1991 | 75,378,580,000 |
| 1992 | 129,133,000,000 |
| 1993 | 171,645,000,000 |
| 1994 | 168,212,000,000 |
| 1995 | 476,586,000,000 |
| 1996 | 704,153,000,000 |
| 1997 | 1,007,960,000,000 |
| 1998 | 1,015,550,000,000 |
| 1999 | 719,477,000,000 |
| 2000 | 916,204,000,000 |
| 2001 | 1,764,610,000,000 |
| 2002 | 1,931,720,000,000 |
| 2003 | 3,061,650,000,000 |
| 2004 | 2,110,020,000,000 |
| 2005 | 2,780,520,000,000 |
| 2006 | 3,964,090,000,000 |
| 2007 | 6,276,550,000,000 |
| 2008 | 6,043,780,000,000 |
| 2009 | 7,574,620,000,000 |
| 2010 | 9,644,610,000,000 |
| 2011 | 13,675,600,000,000 |
| 2012 | 9,395,400,000,000 |
| 2013 | 10,530,400,000,000 |
| 2014 | 11,222,100,000,000 |
| 2015 | 10,152,000,000,000 |
| 2016 | 11,800,700,000,000 |
| 2017 | 15,139,200,000,000 |
| 2018 | 22,604,300,000,000 |
| 2019 | 28,840,800,000,000 |
| 2020 | 25,560,000,000,000 |
Imports of goods and services (constant 2010 US$)
The latest value for Imports of goods and services (constant 2010 US$) in Nigeria was 70,988,510,000 as of 2020. Over the past 39 years, the value for this indicator has fluctuated between 163,980,000,000 in 2007 and 19,290,850,000 in 1988.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1981 | 131,727,000,000 |
| 1982 | 97,390,000,000 |
| 1983 | 63,044,280,000 |
| 1984 | 43,566,280,000 |
| 1985 | 46,987,570,000 |
| 1986 | 32,859,210,000 |
| 1987 | 20,654,310,000 |
| 1988 | 19,290,850,000 |
| 1989 | 26,380,740,000 |
| 1990 | 31,539,960,000 |
| 1991 | 41,174,080,000 |
| 1992 | 35,009,160,000 |
| 1993 | 42,304,020,000 |
| 1994 | 33,166,330,000 |
| 1995 | 29,228,140,000 |
| 1996 | 43,493,950,000 |
| 1997 | 58,641,550,000 |
| 1998 | 54,807,730,000 |
| 1999 | 36,336,110,000 |
| 2000 | 40,905,430,000 |
| 2001 | 65,812,440,000 |
| 2002 | 69,993,740,000 |
| 2003 | 107,402,000,000 |
| 2004 | 71,729,530,000 |
| 2005 | 95,844,290,000 |
| 2006 | 130,316,000,000 |
| 2007 | 163,980,000,000 |
| 2008 | 133,214,000,000 |
| 2009 | 112,126,000,000 |
| 2010 | 94,988,520,000 |
| 2011 | 87,547,720,000 |
| 2012 | 58,751,830,000 |
| 2013 | 65,928,840,000 |
| 2014 | 69,864,280,000 |
| 2015 | 51,924,110,000 |
| 2016 | 46,544,090,000 |
| 2017 | 48,755,700,000 |
| 2018 | 72,724,830,000 |
| 2019 | 92,547,740,000 |
| 2020 | 70,988,510,000 |
Imports of goods and services (annual % growth)
The value for Imports of goods and services (annual % growth) in Nigeria was -23.30 as of 2020. As the graph below shows, over the past 38 years this indicator reached a maximum value of 60.89 in 2001 and a minimum value of -37.14 in 1987.
Definition: Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1982 | -26.07 |
| 1983 | -35.27 |
| 1984 | -30.90 |
| 1985 | 7.85 |
| 1986 | -30.07 |
| 1987 | -37.14 |
| 1988 | -6.60 |
| 1989 | 36.75 |
| 1990 | 19.56 |
| 1991 | 30.55 |
| 1992 | -14.97 |
| 1993 | 20.84 |
| 1994 | -21.60 |
| 1995 | -11.87 |
| 1996 | 48.81 |
| 1997 | 34.83 |
| 1998 | -6.54 |
| 1999 | -33.70 |
| 2000 | 12.58 |
| 2001 | 60.89 |
| 2002 | 6.35 |
| 2003 | 53.44 |
| 2004 | -33.21 |
| 2005 | 33.62 |
| 2006 | 35.97 |
| 2007 | 25.83 |
| 2008 | -18.76 |
| 2009 | -15.83 |
| 2010 | -15.28 |
| 2011 | -7.83 |
| 2012 | -32.89 |
| 2013 | 12.22 |
| 2014 | 5.97 |
| 2015 | -25.68 |
| 2016 | -10.36 |
| 2017 | 4.75 |
| 2018 | 49.16 |
| 2019 | 27.26 |
| 2020 | -23.30 |
Imports of goods and services (constant LCU)
The value for Imports of goods and services (constant LCU) in Nigeria was 7,207,780,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 16,649,600,000,000 in 2007 and a minimum value of 1,958,690,000,000 in 1988.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1981 | 13,374,800,000,000 |
| 1982 | 9,888,440,000,000 |
| 1983 | 6,401,170,000,000 |
| 1984 | 4,423,480,000,000 |
| 1985 | 4,770,860,000,000 |
| 1986 | 3,336,340,000,000 |
| 1987 | 2,097,120,000,000 |
| 1988 | 1,958,690,000,000 |
| 1989 | 2,678,550,000,000 |
| 1990 | 3,202,390,000,000 |
| 1991 | 4,180,590,000,000 |
| 1992 | 3,554,630,000,000 |
| 1993 | 4,295,320,000,000 |
| 1994 | 3,367,520,000,000 |
| 1995 | 2,967,660,000,000 |
| 1996 | 4,416,130,000,000 |
| 1997 | 5,954,140,000,000 |
| 1998 | 5,564,870,000,000 |
| 1999 | 3,689,370,000,000 |
| 2000 | 4,153,310,000,000 |
| 2001 | 6,682,230,000,000 |
| 2002 | 7,106,780,000,000 |
| 2003 | 10,905,000,000,000 |
| 2004 | 7,283,020,000,000 |
| 2005 | 9,731,500,000,000 |
| 2006 | 13,231,600,000,000 |
| 2007 | 16,649,600,000,000 |
| 2008 | 13,525,800,000,000 |
| 2009 | 11,384,700,000,000 |
| 2010 | 9,644,610,000,000 |
| 2011 | 8,889,110,000,000 |
| 2012 | 5,965,330,000,000 |
| 2013 | 6,694,050,000,000 |
| 2014 | 7,093,630,000,000 |
| 2015 | 5,272,080,000,000 |
| 2016 | 4,725,830,000,000 |
| 2017 | 4,950,380,000,000 |
| 2018 | 7,384,070,000,000 |
| 2019 | 9,396,780,000,000 |
| 2020 | 7,207,780,000,000 |
Imports of goods and services (% of GDP)
Imports of goods and services (% of GDP) in Nigeria was 16.57 as of 2020. Its highest value over the past 60 years was 23.92 in 1976, while its lowest value was 3.03 in 1984.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 16.92 |
| 1961 | 16.30 |
| 1962 | 13.56 |
| 1963 | 13.54 |
| 1964 | 15.41 |
| 1965 | 16.02 |
| 1966 | 14.62 |
| 1967 | 17.41 |
| 1968 | 15.74 |
| 1969 | 15.43 |
| 1970 | 11.21 |
| 1971 | 13.63 |
| 1972 | 11.80 |
| 1973 | 15.35 |
| 1974 | 14.57 |
| 1975 | 22.83 |
| 1976 | 23.92 |
| 1977 | 22.52 |
| 1978 | 23.76 |
| 1979 | 19.06 |
| 1980 | 19.20 |
| 1981 | 9.58 |
| 1982 | 7.09 |
| 1983 | 4.51 |
| 1984 | 3.03 |
| 1985 | 3.30 |
| 1986 | 3.89 |
| 1987 | 6.65 |
| 1988 | 5.77 |
| 1989 | 8.93 |
| 1990 | 9.95 |
| 1991 | 12.77 |
| 1992 | 14.25 |
| 1993 | 13.65 |
| 1994 | 9.51 |
| 1995 | 15.37 |
| 1996 | 17.23 |
| 1997 | 22.81 |
| 1998 | 21.13 |
| 1999 | 13.12 |
| 2000 | 12.97 |
| 2001 | 21.43 |
| 2002 | 16.80 |
| 2003 | 22.58 |
| 2004 | 11.64 |
| 2005 | 12.03 |
| 2006 | 13.05 |
| 2007 | 18.10 |
| 2008 | 15.13 |
| 2009 | 17.43 |
| 2010 | 17.66 |
| 2011 | 21.66 |
| 2012 | 12.99 |
| 2013 | 13.00 |
| 2014 | 12.45 |
| 2015 | 10.67 |
| 2016 | 11.50 |
| 2017 | 13.18 |
| 2018 | 17.51 |
| 2019 | 19.80 |
| 2020 | 16.57 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
