International Reserves in Nigeria
In 2022, Nigeria's international reserves were worth USD 37.1 billion, compared to USD 43.6 billion 10 years earlier, and averaged USD 36.6 billion over the past decade. For more reserves information, visit our dedicated page.
Nigeria Reserves Chart
Note: This chart displays International Reserves (USD) for Nigeria from 2014 to 2023.
Source: Macrobond.
Nigeria Reserves Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| International Reserves (USD bn) | 38.6 | 35.4 | 40.5 | 37.1 | 32.9 |
| International Reserves (months of imports) | 7.5 | 8.1 | 9.5 | 7.6 | 8.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian reserves projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable reserves forecast available for Nigerian reserves.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian reserves projections.
Want to get access to the full dataset of Nigerian reserves forecasts? Send an email to info@focus-economics.com.