Nigeria's net financial flows, others (NFL, current US$) was US$20.8 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 285.63% from US$5.39 million in 2014 (14.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$20.8 million | 2024 |
| Five years earlier | US$33.75 million | 2019 |
| Ten years earlier | US$5.39 million | 2014 |
| Highest | US$2.35 billion | 2023 |
| Lowest | −US$39.04 million | 1999 |
| Average since 2015 | US$265.63 million | 2015–2024 |
| First recorded | US$2.76 million |
What the numbers say
In 2024, Nigeria's net financial flows, others (NFL, current US$) fell US$2.32 billion on 2023 (from US$2.35 billion to US$20.8 million).
Across the 30 yearly changes before that (1992 to 2023), the average change was +US$77.19 million and a typical year strayed about US$413.93 million from that (the standard deviation). This year's change was 5.8 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$2.27 billion in 2023 and the biggest yearly fall was US$2.32 billion in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 17% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Nigeria had the 44th highest value of the 111 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Nigeria | US$20.8 million | 2024 |
| Lower middle income | US$1.68 billion | 2024 |
Closest to Nigeria in the 2024 ranking
- Kyrgyz Republic — 40th of 111: US$25.37 million
- Gambia, The — 41st of 111: US$24.64 million
- Guinea-Bissau — 42nd of 111: US$22.62 million
- Madagascar — 44th of 111: US$17.89 million
- Ghana — 45th of 111: US$17.52 million
- Lao PDR — 46th of 111: US$16.91 million
What this measures
Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. Others is a residual category in the World Bank's Debtor Reporting System. It includes such institutions as the Caribbean Development Fund, Council of Europe, European Development Fund, Islamic Development Bank, Nordic Development Fund, and the like. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 45 values
| Year | Net financial flows, others (NFL, current US$) |
|---|---|
| 2024 | 20,796,378 |
| 2023 | 2,345,571,964 |
| 2022 | 78,302,480 |
| 2021 | 45,155,891 |
| 2020 | 19,542,581 |
| 2019 | 33,752,263 |
| 2018 | 40,420,267 |
| 2017 | 39,009,332 |
| 2016 | 22,122,342 |
| 2015 | 11,628,543 |
| 2014 |
Net financial flows, others (NFL, current US$) in nearby economies
- Angola — −US$18.3 million (2024)
- Benin — US$269.98 million (2024)
- Botswana — US$99.36 million (2024)
- Burkina Faso — US$96.93 million (2024)
- Burundi — US$3.21 million (2024)
- Cabo Verde — −US$5.23 million (2024)
- Cameroon — US$173.45 million (2024)
- Central African Republic — −US$2.33 million (2024)
- Chad — −US$20.09 million (2024)
- Comoros
More economic policy & debt data for Nigeria
- Total reserves, including gold (current US$) — US$46.02 billion (2025)
- Total reserves, excluding gold (current US$) — US$43.01 billion (2025)
- GDP (current US$) — US$290.79 billion (2025)
- GDP (current LCU) — 441.54 trillion (2025)
- GDP (constant 2015 US$) — US$562.59 billion (2025)
- GDP (constant LCU) — 226.52 trillion (2025)
- GDP per capita (current US$) — US$1,224 (2025)
- GDP per capita (current LCU) — 1.86 million (2025)
- GDP per capita (constant 2015 US$) — US$2,369 (2025)
- GDP per capita (constant LCU) — 953,654 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Nigeria's net financial flows, others (NFL, current US$)?
- US$20.8 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is up 654.33% from US$2.76 million in 1979 (4.59% a year on average, compounded). The highest value was US$2.35 billion in 2023 and the lowest −US$39.04 million in 1999.
- How does Nigeria rank?
- 44th highest of 111 economies with data for 2024.
- Is the latest change in net financial flows, others (NFL, current US$) unusual for Nigeria?
- In 2024, Nigeria's net financial flows, others (NFL, current US$) fell US$2.32 billion on 2023 (from US$2.35 billion to US$20.8 million). Across the 30 yearly changes before that (1992 to 2023), the average change was +US$77.19 million and a typical year strayed about US$413.93 million from that (the standard deviation). This year's change was 5.8 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator DT.NFL.MOTH.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in