Nigeria Economic Chart Park

External Reserve

External Reserves (US$ Million)

Depleting forex reserves

External Reserves (% Change)

Less volatile forex reserve, post-2007

External Reserve: External reserve picked up from its year-2000 level below $10,000 million to above $60,000 million in 2008. However, the external reserve fell deeply in 2010/11 and even further in 2016. The recent depletion of external reserve can be attributed largely to the low oil price and export given the efforts of the CBN to support the naira.




Related

 

Internally Generated Revenue

Internally Generated Revenue: Total internally generated revenue particularly declined across the 36 states in Nigeria, in 2015. This is attributable to the weak macroeconomic and financial conditions

Gross Domestic Product Growth Rate And Contribution To GDP (Transport Sector)

Gross Domestic Product Growth Rate: Growth in the sector which stalled in the second and third quarters of 2015 witnessed a considerable decline in 2015Q4; the stall in growth in 2015 is attributable

Real GDP Growth Rate

On average, Nigerias GDP growth rate has averaged about 5 percent; attaining an unusual trough of nearly -10 percent in 2003Q4 and a peak of nearly 20 percent in 2004Q4. However, the Nigerian economy

Net Foreign Exchange Flows Through The Nigerian Economy

Net Foreign Exchange Flows through the Nigerian Economy: The recent fall in foreign exchange earnings reflects the decline in both oil sector receipts from CBN, and non-oil sector inflows from autonom