Total reserves in months of imports in Nigeria
Nigeria: Total reserves in months of imports was 6.79 in 2024. ▼ Falling
Total reserves in months of imports in Nigeria, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Nigeria recorded 6.79 for total reserves in months of imports in 2024.
That represents a change of up 38.5% on the previous year and up 73.0% over ten years.
Over the whole period, total reserves in months of imports in Nigeria peaked at 12.1 in 2006 and was at its lowest, 3.53, in 2011.
That places Nigeria 32nd out of 158 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Total reserves in months of imports in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.88 | — |
| 2001 | 6.82 | -13.4% |
| 2002 | 4.87 | -28.6% |
| 2003 | 3.53 | -27.4% |
| 2004 | 8.75 | +147.7% |
| 2005 | 9.6 | +9.8% |
| 2006 | 12.1 | +26.0% |
| 2007 | 10.22 | -15.5% |
| 2008 | 7.88 | -22.9% |
| 2009 | 7.98 | +1.3% |
| 2010 | 4.38 | -45.2% |
| 2011 | 3.53 | -19.3% |
| 2012 | 5.19 | +47.0% |
| 2013 | 5.09 | -2.1% |
| 2014 | 3.92 | -22.8% |
| 2015 | 4.07 | +3.7% |
| 2016 | 6.17 | +51.7% |
| 2017 | 8 | +29.6% |
| 2018 | 6.05 | -24.3% |
| 2019 | 4.1 | -32.3% |
| 2020 | 5.6 | +36.8% |
| 2021 | 6.23 | +11.2% |
| 2022 | 4.66 | -25.2% |
| 2023 | 4.9 | +5.2% |
| 2024 | 6.79 | +38.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.96 | 3.53 | 12.1 | 10 |
| 2010s | 5.05 | 3.53 | 8 | 10 |
| 2020s | 5.64 | 4.66 | 6.79 | 5 |
Countries ranked near Nigeria
More infrastructure data for Nigeria
- Mobile cellular subscriptions 164.65 million (2024)
- Mobile cellular subscriptions 70.76 per 100 people (2024)
- Fixed telephone subscriptions 102,714 (2024)
- Fixed telephone subscriptions 0.0441 per 100 people (2024)
- Fixed telephone subscriptions, per capita 0.0004 units per person (2024)
- Fixed telephone subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Fixed telephone subscriptions, annual growth rate -8.27 % change on previous year (2024)
- Fixed telephone subscriptions, gaps filled 102,714 (2024)
- Mobile cellular subscriptions, per capita 0.7076 units per person (2024)
- Mobile cellular subscriptions, per unit of GDP 0.0007 units per US$ of GDP (2024)
Frequently asked questions
- What is total reserves in months of imports in Nigeria?
- Total reserves in months of imports in Nigeria was 6.79 in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest total reserves in months of imports recorded in Nigeria?
- The highest recorded value was 12.1 in 2006.
- What is the lowest total reserves in months of imports recorded in Nigeria?
- The lowest recorded value was 3.53 in 2011.
- How does Nigeria rank for total reserves in months of imports?
- Nigeria ranks 32nd out of 158 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Nigeria?
- Over the last ten years it is up 73.0%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Total reserves in months of imports (ratio). Statizoid updates them automatically from the source API.
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