Debt outstanding and disbursed, PPG and PNG private creditors in Nigeria
Nigeria: Debt outstanding and disbursed, PPG and PNG private creditors was 1.06 billion DOD, current US$ in 2011. ◆ Volatile
Debt outstanding and disbursed, PPG and PNG private creditors in Nigeria, 1970–2011
Source: World Bank, Global Development Finance. Measured in DOD, current US$.
Analysis
Nigeria recorded 1.06 billion DOD, current US$ for debt outstanding and disbursed, ppg and png private creditors in 2011.
Compared with earlier readings it is up 1,054.1% on the previous year and down 69.3% over ten years.
Over the whole period, debt outstanding and disbursed, ppg and png private creditors in Nigeria peaked at 17.31 billion DOD, current US$ in 1988 and was at its lowest, 0 DOD, current US$, in 1970.
Nigeria ranks 14th of 50 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt outstanding and disbursed, PPG and PNG private creditors in Nigeria, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 0 DOD, current US$ | — |
| 1971 | 202.52 million DOD, current US$ | — |
| 1972 | 187.71 million DOD, current US$ | -7.3% |
| 1973 | 617.56 million DOD, current US$ | +229.0% |
| 1974 | 618.74 million DOD, current US$ | +0.2% |
| 1975 | 444.16 million DOD, current US$ | -28.2% |
| 1976 | 163.38 million DOD, current US$ | -63.2% |
| 1977 | 184.54 million DOD, current US$ | +12.9% |
| 1978 | 1.78 billion DOD, current US$ | +865.9% |
| 1979 | 3.04 billion DOD, current US$ | +70.7% |
| 1980 | 4.39 billion DOD, current US$ | +44.4% |
| 1981 | 5.98 billion DOD, current US$ | +36.2% |
| 1982 | 8.28 billion DOD, current US$ | +38.4% |
| 1983 | 10.69 billion DOD, current US$ | +29.0% |
| 1984 | 10.09 billion DOD, current US$ | -5.5% |
| 1985 | 11.51 billion DOD, current US$ | +14.0% |
| 1986 | 10.08 billion DOD, current US$ | -12.4% |
| 1987 | 16.04 billion DOD, current US$ | +59.1% |
| 1988 | 17.31 billion DOD, current US$ | +7.9% |
| 1989 | 14.98 billion DOD, current US$ | -13.4% |
| 1990 | 14.93 billion DOD, current US$ | -0.4% |
| 1991 | 13.52 billion DOD, current US$ | -9.5% |
| 1992 | 8.48 billion DOD, current US$ | -37.2% |
| 1993 | 8.50 billion DOD, current US$ | +0.2% |
| 1994 | 8.45 billion DOD, current US$ | -0.5% |
| 1995 | 7.95 billion DOD, current US$ | -6.0% |
| 1996 | 7.09 billion DOD, current US$ | -10.9% |
| 1997 | 5.91 billion DOD, current US$ | -16.5% |
| 1998 | 6.06 billion DOD, current US$ | +2.5% |
| 1999 | 5.96 billion DOD, current US$ | -1.7% |
| 2000 | 3.66 billion DOD, current US$ | -38.6% |
| 2001 | 3.47 billion DOD, current US$ | -5.3% |
| 2002 | 2.67 billion DOD, current US$ | -23.0% |
| 2003 | 2.38 billion DOD, current US$ | -10.8% |
| 2004 | 2.33 billion DOD, current US$ | -1.9% |
| 2005 | 2.21 billion DOD, current US$ | -5.3% |
| 2006 | 841.09 million DOD, current US$ | -61.9% |
| 2007 | 326.21 million DOD, current US$ | -61.2% |
| 2008 | 328.49 million DOD, current US$ | +0.7% |
| 2009 | 208.07 million DOD, current US$ | -36.7% |
| 2010 | 92.07 million DOD, current US$ | -55.7% |
| 2011 | 1.06 billion DOD, current US$ | +1054.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 724.35 million DOD, current US$ | 0 DOD, current US$ | 3.04 billion DOD, current US$ | 10 |
| 1980s | 10.94 billion DOD, current US$ | 4.39 billion DOD, current US$ | 17.31 billion DOD, current US$ | 10 |
| 1990s | 8.68 billion DOD, current US$ | 5.91 billion DOD, current US$ | 14.93 billion DOD, current US$ | 10 |
| 2000s | 1.84 billion DOD, current US$ | 208.07 million DOD, current US$ | 3.66 billion DOD, current US$ | 10 |
| 2010s | 577.34 million DOD, current US$ | 92.07 million DOD, current US$ | 1.06 billion DOD, current US$ | 2 |
Countries ranked near Nigeria
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 debt outstanding and disbursed, ppg and png private creditors in Nigeria?
- Debt outstanding and disbursed, ppg and png private creditors in Nigeria was 1.06 billion DOD, current US$ in 2011, according to World Bank, Global Development Finance.
- What is the highest debt outstanding and disbursed, ppg and png private creditors recorded in Nigeria?
- The highest recorded value was 17.31 billion DOD, current US$ in 1988.
- What is the lowest debt outstanding and disbursed, ppg and png private creditors recorded in Nigeria?
- The lowest recorded value was 0 DOD, current US$ in 1970.
- How does Nigeria rank for debt outstanding and disbursed, ppg and png private creditors?
- Nigeria ranks 14th out of 50 countries with data for 2011.
- Is debt outstanding and disbursed, ppg and png private creditors rising or falling in Nigeria?
- Over the last ten years it is down 69.3%. 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 Debt outstanding and disbursed, PPG and PNG private creditors (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Long-term debt outstanding and disbursed (LDOD) is the total outstanding long-term debt at year end. Private nonguaranteed long-term debt outstanding and disbursed (LDOD) is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Long-term debt outstanding and disbursed (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.