Nigeria - External balance on goods and services (constant LCU)
The value for External balance on goods and services (constant LCU) in Nigeria was 9,379,100,000,000 as of 2020. As the graph below shows, over the past 10 years this indicator reached a maximum value of 15,084,600,000,000 in 2017 and a minimum value of 4,369,240,000,000 in 2010.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2010 | 4,369,240,000,000 |
| 2011 | 8,739,280,000,000 |
| 2012 | 11,030,400,000,000 |
| 2013 | 6,607,390,000,000 |
| 2014 | 9,411,460,000,000 |
| 2015 | 11,247,600,000,000 |
| 2016 | 13,698,800,000,000 |
| 2017 | 15,084,600,000,000 |
| 2018 | 12,368,200,000,000 |
| 2019 | 13,313,600,000,000 |
| 2020 | 9,379,100,000,000 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
