Foreign assets in Nigeria
Nigeria: Foreign assets was 77.17 billion real chained 2019 US$ in 2020. ▬ Flat
Latest (2020)
77.17 billion real chained 2019 US$
Change on year
down 13.9%
World rank
60th
of 150 countries
All-time high
312.90 billion real chained 2019 US$
in 2008
All-time low
77.17 billion real chained 2019 US$
in 2020
Years of data
26
1995–2020
Foreign assets in Nigeria, 1995–2020
Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.
Analysis
In 2020, foreign assets in Nigeria stood at 77.17 billion real chained 2019 US$. That is the lowest value across all 26 years on record.
The figure is down 13.9% on the previous year and down 64.2% over ten years.
Over the whole period, foreign assets in Nigeria peaked at 312.90 billion real chained 2019 US$ in 2008 and was at its lowest, 77.17 billion real chained 2019 US$, in 2020.
That places Nigeria 60th out of 150 countries with data for 2020, putting it in the middle of the range.
Foreign assets in Nigeria, year by year
| Year | real chained 2019 US$ | Change |
|---|---|---|
| 1995 | 126.52 billion real chained 2019 US$ | — |
| 1996 | 119.42 billion real chained 2019 US$ | -5.6% |
| 1997 | 155.39 billion real chained 2019 US$ | +30.1% |
| 1998 | 148.97 billion real chained 2019 US$ | -4.1% |
| 1999 | 97.59 billion real chained 2019 US$ | -34.5% |
| 2000 | 139.47 billion real chained 2019 US$ | +42.9% |
| 2001 | 130.68 billion real chained 2019 US$ | -6.3% |
| 2002 | 101.54 billion real chained 2019 US$ | -22.3% |
| 2003 | 98.55 billion real chained 2019 US$ | -2.9% |
| 2004 | 136.75 billion real chained 2019 US$ | +38.8% |
| 2005 | 181.95 billion real chained 2019 US$ | +33.0% |
| 2006 | 243.59 billion real chained 2019 US$ | +33.9% |
| 2007 | 288.49 billion real chained 2019 US$ | +18.4% |
| 2008 | 312.90 billion real chained 2019 US$ | +8.5% |
| 2009 | 253.07 billion real chained 2019 US$ | -19.1% |
| 2010 | 215.65 billion real chained 2019 US$ | -14.8% |
| 2011 | 212.85 billion real chained 2019 US$ | -1.3% |
| 2012 | 227.64 billion real chained 2019 US$ | +6.9% |
| 2013 | 216.89 billion real chained 2019 US$ | -4.7% |
| 2014 | 188.43 billion real chained 2019 US$ | -13.1% |
| 2015 | 127.91 billion real chained 2019 US$ | -32.1% |
| 2016 | 95.11 billion real chained 2019 US$ | -25.6% |
| 2017 | 97.86 billion real chained 2019 US$ | +2.9% |
| 2018 | 98.19 billion real chained 2019 US$ | +0.3% |
| 2019 | 89.67 billion real chained 2019 US$ | -8.7% |
| 2020 | 77.17 billion real chained 2019 US$ | -13.9% |
Nigeria compared with similar countries
- Nigeria's 77.17 billion real chained 2019 US$ is above the median for lower middle income countries, which is 9.56 billion real chained 2019 US$, 8.1× the median. (38 countries reporting)
- Nigeria's 77.17 billion real chained 2019 US$ is above the median for Sub-Saharan Africa, which is 5.36 billion real chained 2019 US$, 14.4× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 129.58 billion real chained 2019 US$ | 97.59 billion real chained 2019 US$ | 155.39 billion real chained 2019 US$ | 5 |
| 2000s | 188.70 billion real chained 2019 US$ | 98.55 billion real chained 2019 US$ | 312.90 billion real chained 2019 US$ | 10 |
| 2010s | 157.02 billion real chained 2019 US$ | 89.67 billion real chained 2019 US$ | 227.64 billion real chained 2019 US$ | 10 |
| 2020s | 77.17 billion real chained 2019 US$ | 77.17 billion real chained 2019 US$ | 77.17 billion real chained 2019 US$ | 1 |
Countries ranked near Nigeria
- 57 Panama 81.60 billion real chained 2019 US$ compare
- 58 Oman 78.51 billion real chained 2019 US$ compare
- 59 Iraq 77.78 billion real chained 2019 US$ compare
- 61 Slovenia 76.55 billion real chained 2019 US$ compare
- 62 Bulgaria 72.92 billion real chained 2019 US$ compare
- 63 Egypt 69.45 billion real chained 2019 US$ 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 foreign assets in Nigeria?
- Foreign assets in Nigeria was 77.17 billion real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
- What is the highest foreign assets recorded in Nigeria?
- The highest recorded value was 312.90 billion real chained 2019 US$ in 2008.
- What is the lowest foreign assets recorded in Nigeria?
- The lowest recorded value was 77.17 billion real chained 2019 US$ in 2020.
- How does Nigeria rank for foreign assets?
- Nigeria ranks 60th out of 150 countries with data for 2020.
- Is foreign assets rising or falling in Nigeria?
- Over the last ten years it is down 64.2%. The long-run trend across the full record is flat.
- Where does this Nigeria data come from?
- The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Foreign assets (real chained 2019 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net foreign assets is foreign assets minus foreign liabilities. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.