Nigeria Balance of payments Stats
Definitions
- Insurance and financial services > % of service imports, BoP: Insurance and financial services (% of service imports, BoP). Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents.
- Net errors and omissions > BoP, current US$ per million: Net errors and omissions (BoP, current US$). Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. Data are in current U.S. dollars. Figures expressed per million population for the same year.
- Net errors and omissions > BoP, current US$, % of GDP: Net errors and omissions (BoP, current US$). Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Net financial account > BoP, current US$: Net financial account (BoP, current US$). The net financial account shows net acquisition and disposal of financial assets and liabilities. It measures how net lending to or borrowing from nonresidents is financed, and is conceptually equal to the sum of the balances on the current and capital accounts. Data are in current U.S. dollars.
- Net primary income > BoP, current US$ per million: Net primary income (BoP, current US$). Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars. Figures expressed per million population for the same year.
- Net secondary income > BoP, current US$ per capita: Net secondary income (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Net secondary income > BoP, current US$, % of GDP: Net secondary income (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Personal transfers, receipts > BoP, current US$, % of GDP: Personal transfers, receipts (BoP, current US$). Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Portfolio Investment, net > BoP, current US$: Portfolio Investment, net (BoP, current US$). Portfolio investment covers transactions in equity securities and debt securities. Data are in current U.S. dollars.
- Portfolio Investment, net > BoP, current US$ per million: Portfolio Investment, net (BoP, current US$). Portfolio investment covers transactions in equity securities and debt securities. Data are in current U.S. dollars. Figures expressed per million population for the same year.
- Portfolio equity, net inflows > BoP, current US$: Portfolio equity, net inflows (BoP, current US$). Portfolio equity includes net inflows from equity securities other than those recorded as direct investment and including shares, stocks, depository receipts (American or global), and direct purchases of shares in local stock markets by foreign investors. Data are in current U.S. dollars.
- Reserves and related items > BoP, current US$: Reserves and related items (BoP, current US$). Reserves and related items is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. Reserve assets are those external assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, and include holdings of monetary gold, special drawing rights (SDRs), reserve position in the International Monetary Fund (IMF), and other reserve assets. Also included are net credit and loans from the IMF (excluding reserve position) and total exceptional financing. Data are in current U.S. dollars.
- Secondary income receipts > BoP, current US$: Secondary income receipts (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.
- Secondary income, other sectors, payments > BoP, current US$ per capita: Secondary income, other sectors, payments (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Secondary income, other sectors, payments > BoP, current US$, % of GDP: Secondary income, other sectors, payments (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
SOURCES: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; International Monetary Fund, Balance of Payments database, and World Bank, International Debt Statistics. World Bank World Development Indicators.
Citation
Nigeria Economy > Trade > Balance of payments Profiles (Subcategories)
| Grants, excluding technical cooperation 3 | Reserves and related items 3 |
