Nigeria - Balance of payments
The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Nigeria's exports was $20.3 billion while imports totaled $13.7 billion resulting in a trade surplus of $6.6 billion.
The International Monetary Fund (IMF) reports that in 1999 Nigeria had exports of goods totaling $12.9 billion and imports totaling $8.59 billion. The services credit totaled $980 million and debit $3.48 billion. The following table summarizes Nigeria's balance of payments as reported by the IMF for 1999 in millions of US dollars.
Current Account 506
Balance on goods 4,288 Balance on services -2,496 Balance on income -2,578 Current transfers 1,292 Capital Account -48 Financial Account -4,002
Direct investment abroad … Direct investment in Nigeria 1,005 Portfolio investment assets 50 Portfolio investment liabilities -39 Other investment assets -3,319 Other investment liabilities -1,699 Net Errors and Omissions 7 Reserves and Related Items 3,538
| Current Account | 506 |
| Balance on goods | 4288 |
| Balance on services | -2496 |
| Balance on income | -2578 |
| Current transfers | 1292 |
| Capital Account | -48 |
| Financial Account | -4002 |
| Direct investment abroad | … |
| Direct investment in Niger | 1005 |
| Portfolio investment assets | 50 |
| Portfolio investment liabilities | -39 |
| Other investment assets | -3319 |
| Other investment liabilities | -1699 |
| Net Errors and Omissions | 7 |
| Reserves and Related Items | 3538 |