Nigeria - Transport services (% of service imports, BoP)

Transport services (% of service imports, BoP) in Nigeria was 26.91 as of 2020. Its highest value over the past 43 years was 53.21 in 1988, while its lowest value was 9.41 in 1996.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1977 35.90
1978 48.65
1979 37.80
1980 33.70
1981 42.22
1982 40.70
1983 43.13
1984 38.46
1985 43.41
1986 37.53
1987 41.09
1988 53.21
1989 42.11
1990 32.36
1991 44.05
1992 50.89
1993 31.30
1994 25.08
1995 21.37
1996 9.41
1997 15.80
1998 16.90
1999 18.90
2000 18.90
2001 18.90
2002 18.90
2003 22.46
2005 42.51
2006 23.81
2007 27.26
2008 28.34
2009 32.70
2010 39.87
2011 32.85
2012 40.67
2013 39.18
2014 35.08
2015 39.44
2016 50.24
2017 25.38
2018 20.40
2019 17.70
2020 26.91

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments