Nigeria: Merchandise imports from high-income economies (% of total merchandise imports)
In , Nigeria's Merchandise imports from high-income economies (% of total merchandise imports) was 65.39.
That's up 8.0% from 2022, the highest value on record.
The global average for this indicator in 2023 was 58.25 . Nigeria ranks #81 globally out of 205 reporting countries. Within Sub-Saharan Africa, it ranks #5 of 48.
Source: World Bank Open Data (TM.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 65.39
- Trough
- 52.41
- 1-year change
- +8.0%
- 5-year change
- +10.5%
- +2.0% / yr
- 10-year change
- +10.5%
- +1.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from high-income economies (% of total merchandise imports) |
|---|---|
| 65.3914 | |
| 60.5575 | |
| 55.1354 | |
| 52.4067 | |
| 59.1558 | |
| 59.1562 | |
| 60.4554 | |
| 59.1567 | |
| 59.1559 | |
| 59.1562 |
About Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TM.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Nigeria's Merchandise imports from high-income economies (% of total merchandise imports) in 2023?
- In 2023, Nigeria's Merchandise imports from high-income economies (% of total merchandise imports) was 65.39, according to World Bank Open Data.
- Is Nigeria's Merchandise imports from high-income economies (% of total merchandise imports) rising or falling?
- Nigeria's Merchandise imports from high-income economies (% of total merchandise imports) rose 8.0% from 2022 to 2023.
- How does Nigeria rank globally on Merchandise imports from high-income economies (% of total merchandise imports)?
- In 2023, Nigeria ranked #81 out of 205 countries reporting Merchandise imports from high-income economies (% of total merchandise imports).
- How does Nigeria's Merchandise imports from high-income economies (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from high-income economies (% of total merchandise imports) in 2023 was 58.25, so Nigeria is above the world average. Within Sub-Saharan Africa, it ranks #5 of 48.
- What is Merchandise imports from high-income economies (% of total merchandise imports) and how is it measured?
- Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TM.VAL.MRCH.HI.ZS), CC BY 4.0.