Nigeria current account


Nigeria current account: 3280 (14.29%)
Last Update: June 30, 2023

Nigeria current account closed down 3280 as of June 30, 2023 from 2870 from the previous month and -3268.52 from last year.


Nigeria current account Analytics & Data




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Nigeria current account

Date Values
2023-06-30 3280
2023-03-31 2870
2022-12-31 2348.31
2022-09-30 -2062.8
2022-06-30 860.62
2022-03-31 -1267.2
2021-12-31 54.22
2021-09-30 1077.75
2021-06-30 -424.37
2021-03-31 -2097.46
2020-12-31 -5264.53
2020-09-30 -3624.19
2020-06-30 -3268.52
2020-03-31 -4818.68
2019-12-31 -6676.4
2019-09-30 -2707.45
2019-06-30 -4636.14
2019-03-31 -2719.5
2018-12-31 -348.1
2018-09-30 -1546.99


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Nigeria current account Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account ng.currentaccount 3280 2870 14 -200 UP UP 23 2023-06-30

Nigeria current account Factors

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What is the Nigeria current account

Introduction: Welcome to our webpage dedicated to providing comprehensive data, trends, and analysis on Nigeria's current account. Here, you will find an overview of Nigeria's current account, its significance, and how it can be interpreted. We offer current and historical data, analytics, charts, and the option to export data for further analysis. Additionally, we provide advanced MacroVar signals, trends, and analysis to assist you in making informed decisions.

Understanding Nigeria Current Account: The current account is one of the three components of a country's balance of payments, along with the capital account and the financial account. It represents the net balance of a country's international trade in goods, services, income, and current transfers.

Interpreting Nigeria Current Account: The Nigeria current account reflects the nation's economic health and trade dynamics with the rest of the world. A positive current account balance indicates that Nigeria is exporting more goods and services than it is importing, while a negative balance suggests the opposite.

Data Availability and Interpretation: Our webpage offers a user-friendly interface where you can explore current and historical data on Nigeria's current account. Gain insights into past trends, identify patterns, and assess the impact of global economic factors on the country's trade balance.

Analytics and Charts: Visualize and analyze Nigeria's current account data using interactive charts and graphs. Easily track historical trends, spot inflection points, and compare findings with other economic indicators. Our analytic tools allow you to dive deeper into the data and examine correlations, seasonal patterns, and long-term trends.

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Conclusion: Our webpage presents a valuable resource for understanding Nigeria's current account dynamics. By offering current and historical data, trends, analytics, and access to MacroVar signals, we enable users to conduct thorough analysis and interpret the implications for Nigeria's economy. Make informed decisions based on reliable insights and optimize your strategies within the context of Nigeria's current account. Start exploring now and unlock the power of data-driven decision-making.

Nigeria Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
NSE All Share ALLSHARE 71230.5 1 1 1.60129 74.6549 0.0025 0.00165 0.06098 0.61846
Nigeria ETF NGE 7.75 -0.5 -1 -1.59522 38.6064 0.0144 0.02513 -0.07468 0.053
Nigerian Naira US Dollar (NGN/USD) NGNUSD 788.33 0 1 1.11221 50.9669 0.00169 -0.00211 0.02176 0.78683
Nigeria 10-year bond yield NG.10Y 15.433 1 1 2.13446 67.3937 0.00823 0.03251 0.04944 0.07525
Nigeria 2-Year Bond Yield NG.2Y 15.147 0 0 0 0 0 0 0 0
Nigeria Yield Curve NG.YC 0.784 -1 -1 -3.5335 29.4427 -0.73442 -0.69706 -0.59017 -0.72179
Nigeria Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade ng.balanceoftrade 1741090 -653831 -366 -2746 UP UP 3 2023-07-31
business confidence ng.bizconfidence -15.2 -1.5 913 -152 Down Down 32 2020-12-01
capacity utilization ng.caputilization 54.9 56.4 -3 37 UP UP 0 2023-06-30
cash reserve ratio ng.cashreserveratio 45 45 0 38 UP UP 99 2024-02-29
composite pmi ng.comppmi 51.1 52.7 -3 21 Down UP 97 2024-03-31
consumer confidence ng.consconfidence -14.8 -21.2 -30 -1580 Down Down 0 2020-12-31
consumer price index cpi ng.cpi 701.9 681.4 3 33 UP UP 100 2024-03-31
core inflation rate ng.coreinflationrate 25.39 24.67 3 35 UP UP 92 2024-02-29
current account ng.currentaccount 3280 2870 14 -200 UP UP 23 2023-06-30
current account to gdp ng.currentaccountgdp -0.3 -0.5 -40 -110 Down Down 0 2023-01-31
deposit interest rate ng.depositrate 7.68 7.95 -3 69 UP UP 86 2023-06-30
exports ng.exports 3026630 1878040 61 44 UP UP 72 2023-02-28
external debt ng.externaldebt 41594.5 43159.2 -4 30 UP UP 0 2023-09-30
fiscal expenditure ng.fiscalexp 4040.18 4175.35 -3 90 UP UP 0 2023-09-30
foreign exchange reserves ng.fxreserves 34260 33520 2 -4 UP Down 72 2024-03-31
gdp ng.gdp 472.62 440.84 7 17 UP UP 0 2023-01-31
Real GDP ng.realgdp 21773300 19442300 12 11 UP UP 53 2023-12-31
gdp growth ng.gdpgrowth 12 9.7 24 -1600 UP UP 0 2023-12-31
gdp growth annual ng.gdpgrowthan 3.46 2.54 36 3045 UP UP 100 2023-12-31
gold reserves ng.goldres 21.37 21.46 0 0 Down Down 51 2021-06-30
government budget ng.govbudget -6.1 -5 22 336 Down Down 0 2024-01-31
Government budget ng.govbudgetvalue -2347.16 -2665.26 -12 88 Down Down 0 2023-09-30
government debt to gdp ng.govdebtgdp 38.8 38 2 123 UP UP 0 2023-01-31
government revenues ng.govrev 1693.02 1510.09 12 70 UP UP 0 2023-09-30
imports ng.imports 1285540 2531870 -49 -37 Down Down 3 2023-02-28
industrial production ng.indproduction -9.7 15.2 -164 31 Down Down 0 2023-06-30
interest rate ng.interestrate 18.75 18.5 1 34 UP UP 85 2023-07-25
lending rate ng.lendingrate 13.85 14.07 -2 14 UP UP 91 2023-06-30
manufacturing pmi ng.manpmi 42.8 49.4 -13 -16 Down Down 18 2023-06-30
money supply m0 ng.msm0 3693570 3650500 1 276 UP UP 100 2024-02-29
money supply m1 ng.msm1 30277200 31158900 -3 44 UP UP 90 2024-02-29
money supply m2 ng.msm2 93968500 92843000 1 78 UP UP 98 2024-02-29
services pmi ng.servpmi 51.1 52.7 -3 3 UP UP 60 2023-06-30
unemployment rate ng.unemploymentrate 5 4.2 19 -64 Down Down 0 2021-06-30
youth unemployment rate ng.ytunemploymentrate 8.6 7.2 19 -66 Down Down 0 2021-09-30