Total Reserves in Nigeria

Nigeria: Total Reserves was 27,265 in 2016. ▲ Rising

Latest (2016)
27,265
Change on year
down 3.7%
World rank
55th
of 164 countries
All-time high
53,039
in 2008
All-time low
7,164
in 2003
Years of data
17
2000–2016

Total Reserves in Nigeria, 2000–2016

10.0k20.0k30.0k40.0k50.0k2000200820162000: 9.9k2001: 10.5k2002: 7.4k2003: 7.2k2004: 17.0k2005: 28.3k2006: 42.3k2007: 51.4k2008: 53.0k2009: 44.8k2010: 35.0k2011: 35.2k2012: 46.4k2013: 45.5k2014: 36.7k2015: 28.3k2016: 27.3k

Source: World Bank staff calculations based on Datastream data.

Analysis

The most recent figure for total reserves in Nigeria is 27,265, measured in 2016.

That represents a change of down 3.7% on the previous year and down 35.6% over ten years.

Over the whole period, total reserves in Nigeria peaked at 53,039 in 2008 and was at its lowest, 7,164, in 2003.

Nigeria ranks 55th of 164 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 27,181 7,164 53,039 10
2010s 36,342 27,265 46,442 7

Countries ranked near Nigeria

  1. 52 Bangladesh 33,190 compare
  2. 53 Kuwait 31,147 compare
  3. 54 New Zealand 28,166 compare
  4. 56 Pakistan 26,323 compare
  5. 57 Belgium 24,999 compare
  6. 58 Cambodia 22,511 compare

See the full ranking of 175 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is total reserves in Nigeria?
Total reserves in Nigeria was 27,265 in 2016, according to World Bank staff calculations based on Datastream data.
What is the highest total reserves recorded in Nigeria?
The highest recorded value was 53,039 in 2008.
What is the lowest total reserves recorded in Nigeria?
The lowest recorded value was 7,164 in 2003.
How does Nigeria rank for total reserves?
Nigeria ranks 55th out of 164 countries with data for 2016.
Is total reserves rising or falling in Nigeria?
Over the last ten years it is down 35.6%. The long-run trend across the full record is rising.
Where does this Nigeria data come from?
The figures come from World Bank staff calculations based on Datastream data, published as part of Total Reserves. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Total Reserves
Source
World Bank staff calculations based on Datastream data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
175 places, 4,420 data points, 1990–2025
Last refreshed

Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities.