Nigeria's service imports (current US$, BoP) was US$19.64 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 0.12% from US$19.61 billion in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$19.64 billion | 2025 |
| Five years earlier | US$19.83 billion | 2020 |
| Ten years earlier | US$19.61 billion | 2015 |
| Highest | US$38.71 billion | 2019 |
| Lowest | US$804.06 million | 1988 |
| Average since 2016 | US$20.96 billion | 2016–2025 |
| First recorded | US$3.55 billion |
What the numbers say
In 2025, Nigeria's service imports (current US$, BoP) rose 9.5% on 2024 (from US$17.93 billion to US$19.64 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +13.8% and a typical year strayed about 47.6% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 192.8% in 1999 and the biggest yearly fall was 52.2% in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 2% 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 2025, Nigeria had the 54th highest value of the 136 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$19.64 billion | 2025 |
| World | US$8.75 trillion | 2025 |
| Sub-Saharan Africa | US$151.53 billion | 2025 |
| Lower middle income | US$424.83 billion | 2025 |
Closest to Nigeria in the 2025 ranking
- South Africa — 50th of 136: US$21.77 billion
- New Zealand — 51st of 136: US$20.29 billion
- Colombia — 52nd of 136: US$20.01 billion
- Lithuania — 54th of 136: US$17.48 billion
- Morocco — 55th of 136: US$16.69 billion
- Peru — 56th of 136: US$15.87 billion
What this measures
Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 49 values
| Year | Service imports (current US$, BoP) |
|---|---|
| 2025 | 19,635,280,234 |
| 2024 | 17,925,790,455 |
| 2023 | 17,677,017,599 |
| 2022 | 18,820,276,417 |
| 2021 | 16,056,904,042 |
| 2020 | 19,832,514,705 |
| 2019 | 38,710,165,612 |
| 2018 | 30,883,664,001 |
| 2017 | 18,264,780,868 |
| 2016 | 11,758,306,299 |
Service imports (current US$, BoP) in nearby economies
- Angola — US$8.46 billion (2025)
- Benin — US$1.54 billion (2023)
- Botswana — US$1.3 billion (2025)
- Burkina Faso — US$1.47 billion (2024)
- Burundi — US$406.28 million (2025)
- Cabo Verde — US$349.3 million (2025)
- Cameroon — US$2.4 billion (2024)
- Comoros — US$205.36 million (2023)
- Congo, Dem. Rep. — US$5.02 billion (2025)
- Congo, Rep. — US$1.71 billion (2021)
- Côte d'Ivoire
More economic policy & debt data for Nigeria
- Total reserves, including gold (current US$) — 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$2,369 (2025)
- GDP per capita (constant LCU) — 953,654 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Nigeria's service imports (current US$, BoP)?
- US$19.64 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 452.79% from US$3.55 billion in 1977 (3.63% a year on average, compounded). The highest value was US$38.71 billion in 2019 and the lowest US$804.06 million in 1988.
- How does Nigeria rank?
- 54th highest of 136 economies with data for 2025.
- Is the latest change in service imports (current US$, BoP) unusual for Nigeria?
- In 2025, Nigeria's service imports (current US$, BoP) rose 9.5% on 2024 (from US$17.93 billion to US$19.64 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +13.8% and a typical year strayed about 47.6% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BM.GSR.NFSV.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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.
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