Net open position in foreign exchange to capital (%) in Nigeria
Nigeria: Net open position in foreign exchange to capital (%) was -12.3% in 2024. ◆ Volatile
Net open position in foreign exchange to capital in Nigeria, 2016–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for net open position in foreign exchange to capital in Nigeria is -12.3%, measured in 2024. That is the lowest value across all 9 years on record.
The figure is down 713.9% on the previous year and down 161.8% over ten years.
Over the whole period, net open position in foreign exchange to capital in Nigeria peaked at 22.1% in 2017 and was at its lowest, -12.3%, in 2024.
That places Nigeria 124th out of 129 countries with data for 2024, putting it in the bottom quarter.
Net open position in foreign exchange to capital (%) in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 20.0% | — |
| 2017 | 22.1% | +10.7% |
| 2018 | 9.1% | -59.0% |
| 2019 | 2.8% | -69.1% |
| 2020 | 2.6% | -5.8% |
| 2021 | 8.1% | +205.4% |
| 2022 | 2.2% | -72.5% |
| 2023 | -1.5% | -168.3% |
| 2024 | -12.3% | +713.9% |
Nigeria compared with similar countries
- Nigeria's -12.3% is below the median for lower middle income countries, which is 0.9%. (27 countries reporting)
- Nigeria's -12.3% is below the median for Sub-Saharan Africa, which is 0.8%. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 13.5% | 2.8% | 22.1% | 4 |
| 2020s | -0.2% | -12.3% | 8.1% | 5 |
Countries ranked near Nigeria
More development goals data for Nigeria
- Red List Index 0.9147 index (2025)
- Number of refugees per 100,000 population, by country of origin 201.98 per 100,000 people (2025)
- Manufacturing value added per capita 238.4 constant US$ (2025)
- Number of transboundary breeds 22 (2025)
- Number of transboundary breeds (not extinct) 21 (2025)
- Number of transboundary breeds with unknown risk status 21 (2025)
- Number of local breeds with unknown risk status 19 (2025)
- Number of local breeds (not extinct) 19 (2025)
- Number of local breeds kept in the country 20 (2025)
- Infant deaths 519,644 (2024)
Frequently asked questions
- What is net open position in foreign exchange to capital in Nigeria?
- Net open position in foreign exchange to capital in Nigeria was -12.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest net open position in foreign exchange to capital recorded in Nigeria?
- The highest recorded value was 22.1% in 2017.
- What is the lowest net open position in foreign exchange to capital recorded in Nigeria?
- The lowest recorded value was -12.3% in 2024.
- How does Nigeria rank for net open position in foreign exchange to capital?
- Nigeria ranks 124th out of 129 countries with data for 2024.
- Is net open position in foreign exchange to capital rising or falling in Nigeria?
- Over the last ten years it is down 161.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Net open position in foreign exchange to capital (%). Statizoid updates them automatically from the source API.
Download this data
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