Financing, including external capital grants in Nigeria
Nigeria: Financing, including external capital grants was -139.00 billion current LCU in 2011. ◆ Volatile
Financing, including external capital grants in Nigeria, 1994–2011
Source: World Bank country economists. Measured in current LCU.
Analysis
In 2011, financing, including external capital grants in Nigeria stood at -139.00 billion current LCU.
The figure is down 105.3% on the previous year and down 179.0% over ten years.
Over the whole period, financing, including external capital grants in Nigeria peaked at 2.60 trillion current LCU in 2010 and was at its lowest, -1.30 trillion current LCU, in 2006.
That places Nigeria 44th out of 50 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financing, including external capital grants in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 63.09 billion current LCU | — |
| 1995 | -195.45 billion current LCU | -409.8% |
| 1996 | -257.76 billion current LCU | +31.9% |
| 1997 | -30.04 billion current LCU | -88.3% |
| 1998 | 264.14 billion current LCU | -979.2% |
| 1999 | 241.01 billion current LCU | -8.8% |
| 2000 | -292.65 billion current LCU | -221.4% |
| 2001 | 176.00 billion current LCU | -160.1% |
| 2002 | 297.00 billion current LCU | +68.8% |
| 2003 | 94.89 billion current LCU | -68.1% |
| 2004 | -734.85 billion current LCU | -874.4% |
| 2005 | -1.20 trillion current LCU | +63.4% |
| 2006 | -1.30 trillion current LCU | +8.5% |
| 2007 | -95.00 billion current LCU | -92.7% |
| 2008 | -1.17 trillion current LCU | +1133.7% |
| 2009 | 2.56 trillion current LCU | -318.2% |
| 2010 | 2.60 trillion current LCU | +1.6% |
| 2011 | -139.00 billion current LCU | -105.4% |
Nigeria compared with similar countries
- Nigeria's -139.00 billion current LCU is below the median for lower middle income countries, which is 20.76 billion current LCU. (24 countries reporting)
- Nigeria's -139.00 billion current LCU is below the median for Sub-Saharan Africa, which is 17.41 billion current LCU. (45 countries reporting)
Biggest year-on-year movements
Years where Financing, including external capital grants in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | -1133.7% | -95.00 billion current LCU | -1.17 trillion current LCU |
| 1998 | +979.2% | -30.04 billion current LCU | 264.14 billion current LCU |
| 2004 | -874.4% | 94.89 billion current LCU | -734.85 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.16 billion current LCU | -257.76 billion current LCU | 264.14 billion current LCU | 6 |
| 2000s | -167.20 billion current LCU | -1.30 trillion current LCU | 2.56 trillion current LCU | 10 |
| 2010s | 1.23 trillion current LCU | -139.00 billion current LCU | 2.60 trillion current LCU | 2 |
Countries ranked near Nigeria
More science & technology data for Nigeria
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 70.76 (2024)
- Mobile cellular subscriptions by country, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0.0007 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 164.65 million (2024)
- Mobile cellular subscriptions by country, per square kilometre 246.4 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate -28.14 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate -26.63 % change on previous year (2024)
- Scientific and technical journal articles 9,799 (2023)
- Scientific and technical journal articles, per capita 0 units per person (2023)
Frequently asked questions
- What is financing, including external capital grants in Nigeria?
- Financing, including external capital grants in Nigeria was -139.00 billion current LCU in 2011, according to World Bank country economists.
- What is the highest financing, including external capital grants recorded in Nigeria?
- The highest recorded value was 2.60 trillion current LCU in 2010.
- What is the lowest financing, including external capital grants recorded in Nigeria?
- The lowest recorded value was -1.30 trillion current LCU in 2006.
- How does Nigeria rank for financing, including external capital grants?
- Nigeria ranks 44th out of 50 countries with data for 2011.
- Is financing, including external capital grants rising or falling in Nigeria?
- Over the last ten years it is down 179.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Financing, including external capital grants (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financing, including external capital grants. Data are in current local currency.