Trade & investment · Sub-Saharan Africa · Lower-middle income
Nigeria: trade and investment
Current account is 4.8% (2025), 38th of 185 in the world and 4th of 42 in Sub-Saharan Africa. Merchandise exports is $55.5bn (2025), 52nd of 206 in the world and 2nd of 48 in Sub-Saharan Africa. High-tech exports is 2.7% (2024), 125th of 170 in the world and 20th of 39 in Sub-Saharan Africa.
Current account
Nigeria
Merchandise exports
Nigeria
10 indicators
Trade & investment: Nigeria in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current accountCurrent account balance, % of GDP | 4.8%2025 | 38/185 | 4/42 | 10.7% | 3.6% | -2.7% | +8.0 ppsince 2015 | — | — | — | |
| Merchandise exportsMerchandise exports, current US$ | $55.5bn2025 | 52/206 | 2/48 | $21.0bn | $84.0bn | $35.6bn | +10%since 2015 | $487bn | $1.1tn | $26.4tn | |
| High-tech exportsHigh-technology exports, % of manufactured exports | 2.7%2024 | 125/170 | 20/39 | · | 1.1% | 6.9% | +0.6 ppsince 2014 | 6.0% | 14.7% | 24.7% | |
| Fuel exportsFuel exports, % of merchandise exports | 85.9%2025 | 8/172 | 3/39 | 99.6% | 87.1% | 88.7% | −2.0 ppsince 2015 | 40.9% | 24.8% | 9.5% | |
| Food exportsFood exports, % of merchandise exports | 6.4%2025 | 135/172 | 31/39 | 0.1% | 3.3% | 3.0% | +3.5 ppsince 2015 | 14.6% | 13.8% | 9.0% | |
| Average tariffApplied tariff rate, weighted mean, all products | 9.3%2022 | 39/184 | 20/45 | 20.0% | 10.7% | 12.4% | −0.8 ppsince 2011 | — | — | — | |
| FDI inflowsForeign direct investment, net inflows, % of GDP | 1.4%2025 | 126/197 | 32/46 | 1.6% | 1.6% | 0.4% | +0.8 ppsince 2015 | 2.1% | 1.5% | 1.4% | |
| RemittancesPersonal remittances received, % of GDP | 7.8%2025 | 38/178 | 11/41 | 2.0% | 5.4% | 2.9% | +3.7 ppsince 2015 | 3.1% | 5.8% | 0.8% | |
| Tourist arrivalsInternational tourist arrivals | 5.3m2016 | 35/196 | 1/42 | 1.5m | 6.1m | · | +72%since 2006 | 56.0m | 208m | 2.4bn | |
| Tourism receiptsInternational tourism receipts, current US$ | $321m2020 | 107/177 | 10/40 | $186m | $736m | $321m | −56%since 2010 | $34.9bn | $145bn | $1.9tn |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
neighbours
Nigeria and its neighbours
Countries sharing a land border with Nigeria. Latest values since 2005; the highest in each row is marked.
| Indicator | Nigeria | Cameroon | Niger | Chad | Benin | São Tomé and Príncipe |
|---|---|---|---|---|---|---|
| Current account | 4.8%2025 | -3.3%2024 | -6.1%2024 | — | -8.2%2023 | -9.3%2025 |
| Merchandise exports | $55.5bn2025 | $5.1bn2025 | $1.9bn2025 | $4.0bn2025 | $4.0bn2025 | $38.0m2025 |
| High-tech exports | 2.7%2024 | 2.1%2023 | 8.6%2024 | — | 30.5%2024 | 29.3%2023 |
| Fuel exports | 85.9%2025 | 54.1%2023 | 88.0%2024 | — | 0.0%2024 | 0.0%2022 |
| Food exports | 6.4%2025 | 22.8%2023 | 4.1%2024 | — | 39.7%2024 | 98.2%2023 |
| Average tariff | 9.3%2022 | 18.1%2022 | 8.4%2022 | 16.8%2022 | 10.2%2022 | 10.0%2019 |
| FDI inflows | 1.4%2025 | 1.0%2025 | 1.2%2025 | 0.0%2025 | 2.0%2025 | 10.5%2025 |
| Remittances | 7.8%2025 | 1.3%2024 | 3.3%2024 | — | 1.7%2023 | 3.7%2025 |
| Tourist arrivals | 5.3m2016 | 1.0m2019 | 85,0002020 | 10,4002020 | 337,0002019 | 33,4002018 |