Debt outstanding and disbursed, Total per capita in Nigeria
Nigeria: Debt outstanding and disbursed, Total per capita was 80.68 DOD, current US$ in 2011. ◆ Volatile
Debt outstanding and disbursed, Total per capita in Nigeria, 1970–2011
Source: World Bank, Global Development Finance. Measured in DOD, current US$.
Analysis
In 2011, debt outstanding and disbursed, total per capita in Nigeria stood at 80.68 DOD, current US$.
That represents a change of up 23.0% on the previous year and down 67.3% over ten years.
Over the whole period, debt outstanding and disbursed, total per capita in Nigeria peaked at 342.78 DOD, current US$ in 1990 and was at its lowest, 0 DOD, current US$, in 1970.
Nigeria ranks 47th of 50 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt outstanding and disbursed, Total per capita in Nigeria, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 0 DOD, current US$ | — |
| 1971 | 16.35 DOD, current US$ | — |
| 1972 | 17.97 DOD, current US$ | +9.9% |
| 1973 | 28.82 DOD, current US$ | +60.4% |
| 1974 | 29.68 DOD, current US$ | +3.0% |
| 1975 | 25.9 DOD, current US$ | -12.7% |
| 1976 | 19.95 DOD, current US$ | -23.0% |
| 1977 | 45.52 DOD, current US$ | +128.2% |
| 1978 | 71.44 DOD, current US$ | +56.9% |
| 1979 | 85.05 DOD, current US$ | +19.1% |
| 1980 | 118.32 DOD, current US$ | +39.1% |
| 1981 | 147.49 DOD, current US$ | +24.7% |
| 1982 | 150.61 DOD, current US$ | +2.1% |
| 1983 | 215.31 DOD, current US$ | +43.0% |
| 1984 | 212.49 DOD, current US$ | -1.3% |
| 1985 | 217.36 DOD, current US$ | +2.3% |
| 1986 | 252.29 DOD, current US$ | +16.1% |
| 1987 | 321.2 DOD, current US$ | +27.3% |
| 1988 | 319.46 DOD, current US$ | -0.5% |
| 1989 | 316.63 DOD, current US$ | -0.9% |
| 1990 | 342.78 DOD, current US$ | +8.3% |
| 1991 | 335.32 DOD, current US$ | -2.2% |
| 1992 | 283.26 DOD, current US$ | -15.5% |
| 1993 | 292.91 DOD, current US$ | +3.4% |
| 1994 | 307.97 DOD, current US$ | +5.1% |
| 1995 | 309.91 DOD, current US$ | +0.6% |
| 1996 | 278.95 DOD, current US$ | -10.0% |
| 1997 | 246.97 DOD, current US$ | -11.5% |
| 1998 | 256.93 DOD, current US$ | +4.0% |
| 1999 | 243.14 DOD, current US$ | -5.4% |
| 2000 | 255.33 DOD, current US$ | +5.0% |
| 2001 | 246.71 DOD, current US$ | -3.4% |
| 2002 | 236.56 DOD, current US$ | -4.1% |
| 2003 | 262.11 DOD, current US$ | +10.8% |
| 2004 | 278.89 DOD, current US$ | +6.4% |
| 2005 | 159.55 DOD, current US$ | -42.8% |
| 2006 | 55.5 DOD, current US$ | -65.2% |
| 2007 | 59.93 DOD, current US$ | +8.0% |
| 2008 | 76.99 DOD, current US$ | +28.5% |
| 2009 | 67.07 DOD, current US$ | -12.9% |
| 2010 | 65.58 DOD, current US$ | -2.2% |
| 2011 | 80.68 DOD, current US$ | +23.0% |
Nigeria compared with similar countries
- Nigeria's 80.68 DOD, current US$ is below the median for lower middle income countries, which is 424.06 DOD, current US$, 19% of the median. (23 countries reporting)
- Nigeria's 80.68 DOD, current US$ is below the median for Sub-Saharan Africa, which is 246.53 DOD, current US$, 33% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Debt outstanding and disbursed, Total per capita in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +128.2% | 19.95 DOD, current US$ | 45.52 DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.07 DOD, current US$ | 0 DOD, current US$ | 85.05 DOD, current US$ | 10 |
| 1980s | 227.12 DOD, current US$ | 118.32 DOD, current US$ | 321.2 DOD, current US$ | 10 |
| 1990s | 289.81 DOD, current US$ | 243.14 DOD, current US$ | 342.78 DOD, current US$ | 10 |
| 2000s | 169.86 DOD, current US$ | 55.5 DOD, current US$ | 278.89 DOD, current US$ | 10 |
| 2010s | 73.13 DOD, current US$ | 65.58 DOD, current US$ | 80.68 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, total per capita in Nigeria?
- Debt outstanding and disbursed, total per capita in Nigeria was 80.68 DOD, current US$ in 2011, according to World Bank, Global Development Finance.
- What is the highest debt outstanding and disbursed, total per capita recorded in Nigeria?
- The highest recorded value was 342.78 DOD, current US$ in 1990.
- What is the lowest debt outstanding and disbursed, total per capita recorded in Nigeria?
- The lowest recorded value was 0 DOD, current US$ in 1970.
- How does Nigeria rank for debt outstanding and disbursed, total per capita?
- Nigeria ranks 47th out of 50 countries with data for 2011.
- Is debt outstanding and disbursed, total per capita rising or falling in Nigeria?
- Over the last ten years it is down 67.3%. 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, Total per capita (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars per inhabitant of the country.