Nigeria - 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 |
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
