Nigeria vs North Africa: Debt on Non-concessional terms
Debt on Non-concessional terms over time
- Nigeria
- North Africa
How they compare
North Africa currently reports 56.92 billion current US$ against 7.94 billion current US$ in Nigeria, a difference of 48.98 billion current US$.
That makes North Africa's figure about 7.2 times Nigeria's.
Across all 42 years both countries report, North Africa has been ahead every year.
Nigeria ranks 7th and North Africa ranks 4th of 50 countries.
North Africa has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Nigeria | North Africa | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 2.05 billion current US$ | 11.59 billion current US$ | 9.54 billion current US$ | North Africa |
| 1980s | 19.34 billion current US$ | 57.03 billion current US$ | 37.69 billion current US$ | North Africa |
| 1990s | 30.12 billion current US$ | 63.63 billion current US$ | 33.51 billion current US$ | North Africa |
| 2000s | 16.83 billion current US$ | 50.08 billion current US$ | 33.26 billion current US$ | North Africa |
| 2010s | 6.99 billion current US$ | 56.52 billion current US$ | 49.52 billion current US$ | North Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher debt on non-concessional terms, Nigeria or North Africa?
- North Africa, at 56.92 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 Nigeria and North Africa?
- 48.98 billion current US$, with North Africa ahead.
- How many years of comparable data are there for Nigeria and North Africa?
- 42 years are reported by both, from 1970 to 2011.
- How do Nigeria and North Africa rank globally for debt on non-concessional terms?
- Nigeria ranks 7th and North Africa ranks 4th of 50 countries.
- Where does this data come from?
- World Bank, Global Development Finance, published as Debt on Non-concessional terms (current US$). 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.