International Reserves in Nigeria
International reserves were worth USD 40.9 billion in 2024, compared to USD 32.9 billion in2023, and USD 34.5 billion 10 years ago . Reserves averaged USD 34.5 billion over the last decade. For more information on reserves, visit our dedicated page
Nigeria Reserves Chart
Note: This chart displays International Reserves (USD) for Nigeria from 2014 to 2024.
Source: Macrobond.
Nigeria Reserves Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| International Reserves (USD bn) | 35.4 | 40.5 | 37.1 | 32.9 | 40.9 |
| International Reserves (months of imports) | 8.1 | 9.5 | 7.6 | 8.3 | 12.3 |
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 9 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.