General profile: Nigeria

GENERAL INFORMATION FOR 2016
Population
Population
Exchange rates
Exchange rate
GDP
GDP
186.988 Millions
252.996 NGN/US$
428 293 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
..
15.70 %
-1.60 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-36.2 %
Merchandise exports growth rate in 2016
Total merchandise trade
(millions of US$)
2005
2010
2015
2016
Merchandise exports
50 467
(e) 84 000
(e) 51 400
(e) 32 800
Merchandise imports
20 754
44 235
(e) 48 000
(e) 39 000
Merchandise trade balance
29 713
(e) 39 765
(e) 3 400
(e) -6 200
Export structure by product group in 2016
(as % of total exports)
6 %6 %90 %90 %4 %4 %
Top 5 partners in 2016
(exports, millions of US$)
8 4443 3192 7952 0511 8848 4443 3192 7952 0511 884
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2016
Services exports
1 793
3 081
3 226
(e) 3 718
Services imports
6 623
21 332
20 025
(e) 12 318
Services trade balance
-4 831
-18 252
-16 799
(e) -8 600
Services exports by main category ²
(as % of total services)
2005
2010
2015
2016
Transport
74.6
63.9
57.2
(e) 41.9
Travel
3.0
18.5
12.8
(e) 30.0
Other services
22.3
17.6
30.0
(e) 28.1
TRADE INDICES
More data on UNCTADstat
112112168168273273291291319319320320262262185185259259224224216216199199163163112112888888881001001281281571572552552642642682682682682112111701702452452082081911911701701381381031039898878710010011216827329131932026218525922421619916311288881001281572552642682682111702452081911701381039887100
ECONOMIC TRENDS
More data on UNCTADstat
-1.6 %
Gross domestic product growth rate in 2016
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
GDP, current
180 502
369 062
494 583
428 293
GDP per capita, current US$
1 293
2 315
2 714
2 290
Real GDP growth, y-on-y, %
6.51
7.84
2.65
-1.60
Current account balance, % of GDP
20.24
3.55
-3.12
..
Exchange rate (/US$)
131.274
150.298
192.441
252.996
GDP by expenditure in 2015
(as % of total GDP)
78.06.715.510.710.878.06.715.510.710.8
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.3 %
FDI outflows as % of GDP in 2016
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
FDI inflows
4 978.26
6 098.96
3 064.17
4 448.73
FDI outflows
14.62
922.72
1 435.20
1 305.04
Personal remittances, % of GDP
8.11
5.35
3.93
..
Financial flows trends
(millions of US$)
20 658.020 658.020 829.220 829.220 797.120 797.120 543.020 543.020 616.920 616.919 744.719 744.718 368.318 368.319 205.919 205.918 011.318 011.316 932.416 932.414 640.14 4494 4493 0643 0644 6944 6945 6085 6087 1277 1278 9158 9156 0996 0998 6508 6508 2498 2496 0876 0874 8984 8984 9784 9782 1272 1272 1712 1712 0402 0401 2771 2771 3101 31020 658.020 829.220 797.120 543.020 616.919 744.718 368.319 205.918 011.316 932.44 4493 0644 6945 6087 1278 9156 0998 6508 2496 0874 8984 9782 1272 1712 0401 2771 310FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators ²
(as % and index)
2005
2010
2015
2016
Balance, % of GDP
13.50
3.21
-4.73
(e) -2.13
Balance, % of imports
74.69
16.72
-31.83
(e) -19.21
Normalized balance
0.272
0.077
-0.189
(e) -0.106
Trade openness ²
(sum of imports and exports as % of GDP)
202530343947424046434150
LABOUR FORCE
More data on UNCTADstat
Labour force by gender in 2016
(as % of total labour force, all sectors)
Male
58%Male 58%Female
42%Female 42%
OTHER INDICATORS
More data on UNCTADstat
0.201 %
Share of the total world merchant fleet in 2016
Maritime transport indicators
 
2005
2010
2015
2016
Merchant fleet, national flag (thousands of DWT)
691 000 000
989 414 000
3 981 114 000
3 623 050 000
Liner shipping connectivity index (maximum 2004 = 100 for China)
12.79
18.28
32.68
21.93
Container port throughput (TEU)
..
101 007
(e) 1 062 389
..
Information economy indicators
(as % of)
2005
2010
2015
2016
Share of ICT goods, % of total exports
..
0.00
..
..
Share of ICT goods, % of total imports
..
6.62
..
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 15 September 2017