Africa's Development Dynamics (AfDD) Table 20 - External financial in Nigeria
Nigeria: Africa's Development Dynamics (AfDD) Table 20 - External financial was 0.9308 Percentage of GDP in 2022. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 20 - External financial in Nigeria, 2000–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for africa's development dynamics (afdd) table 20 - external financial in Nigeria is 0.9308 Percentage of GDP, measured in 2022.
That represents a change of up 16.5% on the previous year and up 123.9% over ten years.
Over the whole period, africa's development dynamics (afdd) table 20 - external financial in Nigeria peaked at 5.13 Percentage of GDP in 2006 and was at its lowest, 0.2295 Percentage of GDP, in 2001.
That places Nigeria 81st out of 128 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 20 - External financial in Nigeria, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 0.2563 Percentage of GDP | — |
| 2001 | 0.2295 Percentage of GDP | -10.4% |
| 2002 | 0.3187 Percentage of GDP | +38.9% |
| 2003 | 0.301 Percentage of GDP | -5.6% |
| 2004 | 0.444 Percentage of GDP | +47.5% |
| 2005 | 3.77 Percentage of GDP | +749.9% |
| 2006 | 5.13 Percentage of GDP | +36.0% |
| 2007 | 0.6267 Percentage of GDP | -87.8% |
| 2008 | 0.2909 Percentage of GDP | -53.6% |
| 2009 | 0.3911 Percentage of GDP | +34.4% |
| 2010 | 0.5561 Percentage of GDP | +42.2% |
| 2011 | 0.4371 Percentage of GDP | -21.4% |
| 2012 | 0.4157 Percentage of GDP | -4.9% |
| 2013 | 0.4885 Percentage of GDP | +17.5% |
| 2014 | 0.436 Percentage of GDP | -10.8% |
| 2015 | 0.4938 Percentage of GDP | +13.3% |
| 2016 | 0.6174 Percentage of GDP | +25.0% |
| 2017 | 0.8933 Percentage of GDP | +44.7% |
| 2018 | 0.7833 Percentage of GDP | -12.3% |
| 2019 | 0.7309 Percentage of GDP | -6.7% |
| 2020 | 0.7861 Percentage of GDP | +7.6% |
| 2021 | 0.7992 Percentage of GDP | +1.7% |
| 2022 | 0.9308 Percentage of GDP | +16.5% |
Nigeria compared with similar countries
- Nigeria's 0.9308 Percentage of GDP is below the median for lower middle income countries, which is 2.65 Percentage of GDP, 35% of the median. (41 countries reporting)
- Nigeria's 0.9308 Percentage of GDP is below the median for Sub-Saharan Africa, which is 5.23 Percentage of GDP, 18% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Africa's Development Dynamics (AfDD) Table 20 - External financial in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +749.9% | 0.444 Percentage of GDP | 3.77 Percentage of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.18 Percentage of GDP | 0.2295 Percentage of GDP | 5.13 Percentage of GDP | 10 |
| 2010s | 0.5852 Percentage of GDP | 0.4157 Percentage of GDP | 0.8933 Percentage of GDP | 10 |
| 2020s | 0.8387 Percentage of GDP | 0.7861 Percentage of GDP | 0.9308 Percentage of GDP | 3 |
Countries ranked near Nigeria
- 78 Bangladesh 1.13 Percentage of GDP compare
- 79 Morocco 1.08 Percentage of GDP compare
- 80 Seychelles 0.9669 Percentage of GDP compare
- 82 Costa Rica 0.9242 Percentage of GDP compare
- 83 Serbia 0.8026 Percentage of GDP compare
- 84 Bolivia 0.7539 Percentage of GDP compare
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is africa's development dynamics (afdd) table 20 - external financial in Nigeria?
- Africa's development dynamics (afdd) table 20 - external financial in Nigeria was 0.9308 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 20 - external financial recorded in Nigeria?
- The highest recorded value was 5.13 Percentage of GDP in 2006.
- What is the lowest africa's development dynamics (afdd) table 20 - external financial recorded in Nigeria?
- The lowest recorded value was 0.2295 Percentage of GDP in 2001.
- How does Nigeria rank for africa's development dynamics (afdd) table 20 - external financial?
- Nigeria ranks 81st out of 128 countries with data for 2022.
- Is africa's development dynamics (afdd) table 20 - external financial rising or falling in Nigeria?
- Over the last ten years it is up 123.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 20 - External financial inflows — Net Official Development Assistance (ODA) inflows. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 20 shows indicators of external financial flows in US dollars and as a percentage of GDP, including foreign direct investment, portfolio investment, net official development assistance, and remittances.