Nigeria - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Nigeria was -7.74 as of 2020. Its highest value over the past 60 years was 23.05 in 2000, while its lowest value was -7.74 in 2020.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | -7.68 |
| 1961 | -7.11 |
| 1962 | -5.29 |
| 1963 | -4.76 |
| 1964 | -6.21 |
| 1965 | -5.12 |
| 1966 | -4.21 |
| 1967 | -6.33 |
| 1968 | -5.81 |
| 1969 | -4.04 |
| 1970 | -2.81 |
| 1971 | -2.80 |
| 1972 | -0.83 |
| 1973 | 0.57 |
| 1974 | 10.61 |
| 1975 | -4.49 |
| 1976 | -5.71 |
| 1977 | 2.35 |
| 1978 | -4.21 |
| 1979 | 5.75 |
| 1980 | 10.18 |
| 1981 | -0.99 |
| 1982 | -0.39 |
| 1983 | 1.02 |
| 1984 | 3.32 |
| 1985 | 3.80 |
| 1986 | 1.36 |
| 1987 | 6.20 |
| 1988 | 5.40 |
| 1989 | 16.32 |
| 1990 | 11.02 |
| 1991 | 11.47 |
| 1992 | 9.72 |
| 1993 | 6.41 |
| 1994 | 4.04 |
| 1995 | 8.78 |
| 1996 | 5.79 |
| 1997 | 5.84 |
| 1998 | -2.99 |
| 1999 | 8.21 |
| 2000 | 23.05 |
| 2001 | 6.82 |
| 2002 | 6.44 |
| 2003 | 4.17 |
| 2004 | 8.61 |
| 2005 | 9.01 |
| 2006 | 16.47 |
| 2007 | 3.14 |
| 2008 | 10.54 |
| 2009 | 1.20 |
| 2010 | 8.00 |
| 2011 | 9.96 |
| 2012 | 18.56 |
| 2013 | 5.05 |
| 2014 | 5.99 |
| 2015 | 0.00 |
| 2016 | -2.29 |
| 2017 | 0.00 |
| 2018 | -2.01 |
| 2019 | -5.58 |
| 2020 | -7.74 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
