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

Transport services (% of service exports, BoP) in Nigeria was 51.42 as of 2020. Its highest value over the past 43 years was 80.89 in 1980, while its lowest value was 2.88 in 1989.

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 35.54
1978 60.13
1979 74.53
1980 80.89
1981 59.14
1982 61.84
1983 60.93
1984 59.19
1985 73.97
1986 27.13
1987 16.91
1988 36.30
1989 2.88
1990 3.86
1991 11.26
1992 14.60
1993 17.18
1994 13.63
1995 16.40
1996 10.42
1997 11.55
1998 12.84
1999 12.03
2000 12.03
2001 12.03
2002 12.03
2003 10.40
2004 20.17
2005 74.61
2006 79.47
2007 57.49
2008 53.41
2009 49.52
2010 63.94
2011 46.87
2012 58.09
2013 45.88
2014 38.89
2015 57.22
2016 44.46
2017 25.85
2018 27.63
2019 39.77
2020 51.42

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