General profile: Nigeria

GENERAL INFORMATION FOR 2017
Population
Population
Exchange rates
Exchange rate
GDP
GDP
190.886 Millions
305.790 NGN/US$
375 714 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(m) 910 770 km²
16.52 %
0.80 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+34.0 %
Merchandise exports growth rate in 2017
Total merchandise trade
(millions of US$)
2005
2010
2015
2017
Merchandise exports
50 467
(e) 84 000
(e) 51 400
(e) 46 900
Merchandise imports
20 754
44 235
(e) 48 000
(e) 45 000
Merchandise trade balance
29 713
(e) 39 765
(e) 3 400
(e) 1 900
Export structure by product group in 2017
(as % of total exports)
8 %8 %92 %92 %
Top 5 partners in 2017
(exports, millions of US$)
9 6186 0583 9542 5642 5169 6186 0583 9542 5642 516
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2017
Services exports
1 793
3 081
3 226
5 022
Services imports
6 623
21 332
20 025
18 235
Services trade balance
-4 831
-18 252
-16 799
-13 212
Services exports by main category ²
(as % of total services)
2005
2010
2015
2017
Transport
74.6
63.9
57.2
25.9
Travel
3.0
18.5
12.8
50.7
Other services
22.3
17.6
30.0
23.5
TRADE INDICES
More data on UNCTADstat
113113169169275275294294321321323323264264185185260260225225217217200200164164112112888888881001001291291591592572572662662702702702702132131701702462462082081921921701701381381031039898878710010011316927529432132326418526022521720016411288881001291592572662702702131702462081921701381039887100
ECONOMIC TRENDS
More data on UNCTADstat
+0.8 %
Gross domestic product growth rate in 2017
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2017
GDP, current
180 502
369 062
494 583
375 714
GDP per capita, current US$
1 299
2 327
2 730
1 968
Real GDP growth, y-on-y, %
6.51
7.84
2.65
0.80
Current account balance, % of GDP
20.24
3.55
-3.19
..
Exchange rate (/US$)
131.274
150.298
192.440
305.790
GDP by expenditure in 2016
(as % of total GDP)
82.67.012.69.511.682.67.012.69.511.6
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.3 %
FDI outflows as % of GDP in 2017
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2017
FDI inflows
4 978.26
6 098.96
3 064.17
3 503.00
FDI outflows
14.62
922.72
1 435.20
1 286.18
Personal remittances, % of GDP
8.11
5.35
4.26
..
Financial flows trends
(millions of US$)
18 956.018 956.021 059.721 059.720 829.220 829.220 797.120 797.120 543.020 543.020 616.920 616.919 744.719 744.718 368.318 368.319 205.919 205.918 011.318 011.316 932.416 932.414 640.13 5033 5034 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 31018 956.021 059.720 829.220 797.120 543.020 616.919 744.718 368.319 205.918 011.316 932.43 5034 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
2017
Balance, % of GDP
13.50
3.21
-4.73
-0.02
Balance, % of imports
74.69
16.72
-31.83
-0.17
Normalized balance
0.272
0.077
-0.189
-0.001
Trade openness ²
(sum of imports and exports as % of GDP)
27212530343947424046434150
LABOUR FORCE
More data on UNCTADstat
Labour force by gender in 2017
(as % of total labour force, all sectors)
Male
58%Male 58%Female
42%Female 42%
OTHER INDICATORS
More data on UNCTADstat
0.197 %
Share of the total world merchant fleet in 2017
Maritime transport indicators
 
2005
2010
2015
2017
Merchant fleet, national flag (thousands of DWT)
691
989
3 981
3 660
Liner shipping connectivity index (maximum 2004 = 100 for China)
12.79
18.28
21.44
19.97
Container port throughput (TEU)
..
1 232 000
1 400 000
1 656 000
Information economy indicators
(as % of)
2005
2010
2015
2017
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.
m
Estimated. Data refers to 2013.
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: 14 August 2018