Debt outstanding and disbursed, Total to GDP in Nigeria
Nigeria: Debt outstanding and disbursed, Total to GDP was 5.4% in 2011. ◆ Volatile
Debt outstanding and disbursed, Total to GDP in Nigeria, 1970–2011
Source: World Bank, Global Development Finance. Measured in % of GDP.
Analysis
The most recent figure for debt outstanding and disbursed, total to gdp in Nigeria is 5.4%, measured in 2011.
The figure is up 18.2% on the previous year and down 91.8% over ten years.
Over the whole period, debt outstanding and disbursed, total to gdp in Nigeria peaked at 143.9% in 1993 and was at its lowest, 0.0%, in 1970.
Nigeria ranks 49th 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 to GDP in Nigeria, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 10.5% | — |
| 1972 | 8.8% | -15.7% |
| 1973 | 11.7% | +33.1% |
| 1974 | 7.6% | -35.5% |
| 1975 | 6.1% | -19.8% |
| 1976 | 3.7% | -39.3% |
| 1977 | 8.7% | +137.0% |
| 1978 | 13.9% | +59.6% |
| 1979 | 13.2% | -5.2% |
| 1980 | 13.9% | +5.4% |
| 1981 | 19.1% | +37.2% |
| 1982 | 24.1% | +26.2% |
| 1983 | 50.3% | +108.7% |
| 1984 | 63.1% | +25.5% |
| 1985 | 65.7% | +4.1% |
| 1986 | 109.9% | +67.4% |
| 1987 | 123.8% | +12.6% |
| 1988 | 129.7% | +4.7% |
| 1989 | 126.3% | -2.6% |
| 1990 | 117.4% | -7.0% |
| 1991 | 122.8% | +4.5% |
| 1992 | 88.7% | -27.7% |
| 1993 | 143.9% | +62.3% |
| 1994 | 139.8% | -2.8% |
| 1995 | 121.3% | -13.3% |
| 1996 | 89.0% | -26.6% |
| 1997 | 78.6% | -11.7% |
| 1998 | 94.3% | +20.0% |
| 1999 | 84.4% | -10.5% |
| 2000 | 68.7% | -18.7% |
| 2001 | 65.1% | -5.2% |
| 2002 | 52.0% | -20.2% |
| 2003 | 51.6% | -0.8% |
| 2004 | 43.3% | -16.0% |
| 2005 | 19.9% | -54.1% |
| 2006 | 5.5% | -72.5% |
| 2007 | 5.3% | -3.0% |
| 2008 | 5.6% | +5.5% |
| 2009 | 6.1% | +9.7% |
| 2010 | 4.5% | -26.1% |
| 2011 | 5.4% | +18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.4% | 0.0% | 13.9% | 10 |
| 1980s | 72.6% | 13.9% | 129.7% | 10 |
| 1990s | 108.0% | 78.6% | 143.9% | 10 |
| 2000s | 32.3% | 5.3% | 68.7% | 10 |
| 2010s | 5.0% | 4.5% | 5.4% | 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 to gdp in Nigeria?
- Debt outstanding and disbursed, total to gdp in Nigeria was 5.4% in 2011, according to World Bank, Global Development Finance.
- What is the highest debt outstanding and disbursed, total to gdp recorded in Nigeria?
- The highest recorded value was 143.9% in 1993.
- What is the lowest debt outstanding and disbursed, total to gdp recorded in Nigeria?
- The lowest recorded value was 0.0% in 1970.
- How does Nigeria rank for debt outstanding and disbursed, total to gdp?
- Nigeria ranks 49th out of 50 countries with data for 2011.
- Is debt outstanding and disbursed, total to gdp rising or falling in Nigeria?
- Over the last ten years it is down 91.8%. 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 Debt outstanding and disbursed, Total to GDP (% of GDP). 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 expressed as a percentage of GDP at market prices.