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

Travel services (% of service exports, BoP) in Nigeria was 7.85 as of 2020. Its highest value over the past 43 years was 71.75 in 1986, while its lowest value was 0.63 in 2004.

Definition: Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

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

See also:

Year Value
1977 17.36
1978 9.16
1979 2.42
1980 6.01
1981 20.98
1982 23.68
1983 27.15
1984 11.14
1985 10.64
1986 71.75
1987 34.44
1988 14.91
1989 0.94
1990 2.54
1991 4.45
1992 2.75
1993 2.87
1994 2.68
1995 2.76
1996 4.83
1997 6.98
1998 5.32
1999 5.47
2000 5.50
2001 5.50
2002 5.50
2003 0.86
2004 0.63
2005 3.04
2006 8.01
2007 14.78
2008 25.13
2009 27.13
2010 18.47
2011 18.40
2012 23.10
2013 22.45
2014 27.27
2015 12.78
2016 28.59
2017 50.67
2018 40.73
2019 29.28
2020 7.85

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