Adjustments to scheduled interest in Nigeria
Nigeria: Adjustments to scheduled interest was 1.50 billion current US$ in 1999. ◆ Volatile
Adjustments to scheduled interest in Nigeria, 1970–1999
Source: World Bank, Global Development Finance. Measured in current US$.
Analysis
In 1999, adjustments to scheduled interest in Nigeria stood at 1.50 billion current US$.
Compared with earlier readings it is down 1.5% on the previous year and up 77.8% over ten years.
Over the whole period, adjustments to scheduled interest in Nigeria peaked at 1.53 billion current US$ in 1998 and was at its lowest, -315.84 million current US$, in 1982.
Nigeria ranks 1st of 46 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Adjustments to scheduled interest in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 27.51 million current US$ | — |
| 1971 | 0 current US$ | -100.0% |
| 1972 | 0 current US$ | — |
| 1973 | -6,000 current US$ | — |
| 1974 | 4,000 current US$ | -166.7% |
| 1975 | 4,000 current US$ | +0.0% |
| 1976 | 4,000 current US$ | +0.0% |
| 1977 | 702.11 million current US$ | +17552675.0% |
| 1978 | 454.84 million current US$ | -35.2% |
| 1979 | 650.51 million current US$ | +43.0% |
| 1980 | 1.42 billion current US$ | +118.0% |
| 1981 | 733.64 million current US$ | -48.3% |
| 1982 | -315.84 million current US$ | -143.1% |
| 1983 | -173.87 million current US$ | -44.9% |
| 1984 | 175.79 million current US$ | -201.1% |
| 1985 | 420.35 million current US$ | +139.1% |
| 1986 | 1.28 billion current US$ | +204.0% |
| 1987 | 1.46 billion current US$ | +14.5% |
| 1988 | 851.59 million current US$ | -41.8% |
| 1989 | 846.55 million current US$ | -0.6% |
| 1990 | 585.72 million current US$ | -30.8% |
| 1991 | 342.01 million current US$ | -41.6% |
| 1992 | 263.20 million current US$ | -23.0% |
| 1993 | 976.00 million current US$ | +270.8% |
| 1994 | 535.77 million current US$ | -45.1% |
| 1995 | 595.19 million current US$ | +11.1% |
| 1996 | 448.15 million current US$ | -24.7% |
| 1997 | 1.06 billion current US$ | +136.6% |
| 1998 | 1.53 billion current US$ | +44.2% |
| 1999 | 1.50 billion current US$ | -1.5% |
Nigeria compared with similar countries
- Nigeria's 1.50 billion current US$ is above the median for lower middle income countries, which is -824,430 current US$. (22 countries reporting)
- Nigeria's 1.50 billion current US$ is above the median for Sub-Saharan Africa, which is 434,909 current US$, 3460.2× the median. (41 countries reporting)
Biggest year-on-year movements
Years where Adjustments to scheduled interest in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +17552675.0% | 4,000 current US$ | 702.11 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 183.50 million current US$ | -6,000 current US$ | 702.11 million current US$ | 10 |
| 1980s | 669.66 million current US$ | -315.84 million current US$ | 1.46 billion current US$ | 10 |
| 1990s | 783.94 million current US$ | 263.20 million current US$ | 1.53 billion current US$ | 10 |
Countries ranked near Nigeria
- 2 Sudan 1.06 billion current US$
- 3 Cote d'Ivoire 1.03 billion current US$ compare
- 4 Angola 542.55 million current US$ compare
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0.4399 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0004 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 56.33 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 8.24 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0076 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
Frequently asked questions
- What is adjustments to scheduled interest in Nigeria?
- Adjustments to scheduled interest in Nigeria was 1.50 billion current US$ in 1999, according to World Bank, Global Development Finance.
- What is the highest adjustments to scheduled interest recorded in Nigeria?
- The highest recorded value was 1.53 billion current US$ in 1998.
- What is the lowest adjustments to scheduled interest recorded in Nigeria?
- The lowest recorded value was -315.84 million current US$ in 1982.
- How does Nigeria rank for adjustments to scheduled interest?
- Nigeria ranks 1st out of 46 countries with data for 1999.
- Is adjustments to scheduled interest rising or falling in Nigeria?
- Over the last ten years it is up 77.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank, Global Development Finance, published as part of Adjustments to scheduled interest (current US$). Statizoid updates them automatically from the source API.
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About this data
Interest due is actual amounts of interest due in currency, goods, or services in the year specified. Interest payments are actual amounts of interest paid in currency, goods, or services in the year specified. This item includes interest paid on long-term debt, IMF charges, and interest paid on short-term debt. 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. Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.