Angola vs Nigeria: Debt on Non-concessional terms
Debt on Non-concessional terms over time
- Angola
- Nigeria
How they compare
Angola currently reports 16.85 billion current US$ against 7.94 billion current US$ in Nigeria, a difference of 8.91 billion current US$.
That makes Angola's figure about 2.1 times Nigeria's.
The two have swapped places 1 time across 23 shared years of data; in 1989 it was Nigeria ahead.
Angola ranks 4th and Nigeria ranks 7th of 50 countries.
Across the 4 decades both report, Angola averaged higher in 1 and Nigeria in 3.
Head to head by decade
| Decade | Angola | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 6.40 billion current US$ | 29.68 billion current US$ | 23.28 billion current US$ | Nigeria |
| 1990s | 8.62 billion current US$ | 30.12 billion current US$ | 21.50 billion current US$ | Nigeria |
| 2000s | 9.28 billion current US$ | 16.83 billion current US$ | 7.55 billion current US$ | Nigeria |
| 2010s | 15.75 billion current US$ | 6.99 billion current US$ | 8.75 billion current US$ | Angola |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher debt on non-concessional terms, Angola or Nigeria?
- Angola, at 16.85 billion current US$ against 7.94 billion current US$ in Nigeria as of 2011.
- What is the difference in debt on non-concessional terms between Angola and Nigeria?
- 8.91 billion current US$, with Angola ahead.
- How many years of comparable data are there for Angola and Nigeria?
- 23 years are reported by both, from 1989 to 2011.
- How do Angola and Nigeria rank globally for debt on non-concessional terms?
- Angola ranks 4th and Nigeria ranks 7th of 50 countries.
- Where does this data come from?
- World Bank, Global Development Finance, published as Debt on Non-concessional terms (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Non-concessional Long-term Debt Outstanding and Disbursed (LDOD) conveys information about the borrower's receipt of aid from official lenders on non-concessional terms as defined by the Development Assistance Committee (DAC) of the OECD. This is the difference between the total debt outstanding and disbursed less debt on concessional terms. Concessional debt is defined as loans with an original grant element of 25 percent or more. The grant equivalent of a loan is its commitment (present) value, less the discounted present value of its contractual debt service; conventionally, future service payments are discounted at 10 percent. The grant element of a loan is the grant equivalent expressed as a percentage of the amount committed. It is used as a measure of the overall cost of borrowing. Loans from major regional development banks--African Development Bank, Asian Development Bank, and the Inter-American Development Bank--and from the World Bank are classified as concessional according to each institution's classification and not according to the DAC definition, as was the practice in earlier reports. LDOD is the total outstanding long-term debt at year end. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services. Data are in current U.S. dollars.