Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria
Nigeria: Debt service on external debt, public and publicly guaranteed (PPG) was 8.2 % change on previous year in 2024. ◆ Volatile
Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for debt service on external debt, public and publicly guaranteed (ppg) in Nigeria is 8.2 % change on previous year, measured in 2024.
The figure is down 63.5% on the previous year and up 125.0% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in Nigeria peaked at 416.11 % change on previous year in 2005 and was at its lowest, -85.05 % change on previous year, in 2007.
Nigeria ranks 65th of 122 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 service on external debt, public and publicly guaranteed (PPG) in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 1.75 % change on previous year | — |
| 1972 | 6.11 % change on previous year | +249.2% |
| 1973 | 221.95 % change on previous year | +3531.8% |
| 1974 | -18.65 % change on previous year | -108.4% |
| 1975 | 49 % change on previous year | -362.7% |
| 1976 | 52.7 % change on previous year | +7.6% |
| 1977 | -72 % change on previous year | -236.6% |
| 1978 | -5.83 % change on previous year | -91.9% |
| 1979 | 165.71 % change on previous year | -2942.2% |
| 1980 | 93.23 % change on previous year | -43.7% |
| 1981 | 79.22 % change on previous year | -15.0% |
| 1982 | 56.02 % change on previous year | -29.3% |
| 1983 | 33.51 % change on previous year | -40.2% |
| 1984 | 62.83 % change on previous year | +87.5% |
| 1985 | 25.12 % change on previous year | -60.0% |
| 1986 | -56.33 % change on previous year | -324.2% |
| 1987 | -45.29 % change on previous year | -19.6% |
| 1988 | 124.78 % change on previous year | -375.5% |
| 1989 | 0.421 % change on previous year | -99.7% |
| 1990 | 59.22 % change on previous year | +13965.9% |
| 1991 | -13.05 % change on previous year | -122.0% |
| 1992 | -17.37 % change on previous year | +33.1% |
| 1993 | -39.46 % change on previous year | +127.1% |
| 1994 | 26.65 % change on previous year | -167.5% |
| 1995 | -3.43 % change on previous year | -112.9% |
| 1996 | 23.18 % change on previous year | -776.6% |
| 1997 | -36.76 % change on previous year | -258.6% |
| 1998 | -6.34 % change on previous year | -82.8% |
| 1999 | -23.59 % change on previous year | +272.1% |
| 2000 | 77.48 % change on previous year | -428.5% |
| 2001 | 42.72 % change on previous year | -44.9% |
| 2002 | -42.06 % change on previous year | -198.4% |
| 2003 | 13.83 % change on previous year | -132.9% |
| 2004 | 4.74 % change on previous year | -65.7% |
| 2005 | 416.11 % change on previous year | +8669.8% |
| 2006 | -23.86 % change on previous year | -105.7% |
| 2007 | -85.05 % change on previous year | +256.4% |
| 2008 | -57.33 % change on previous year | -32.6% |
| 2009 | -0.2828 % change on previous year | -99.5% |
| 2010 | -28.02 % change on previous year | +9809.3% |
| 2011 | 14.58 % change on previous year | -152.0% |
| 2012 | -28.37 % change on previous year | -294.5% |
| 2013 | 56.07 % change on previous year | -297.6% |
| 2014 | -32.83 % change on previous year | -158.6% |
| 2015 | 50.44 % change on previous year | -253.6% |
| 2016 | -10.68 % change on previous year | -121.2% |
| 2017 | -3.04 % change on previous year | -71.5% |
| 2018 | 316.78 % change on previous year | -10515.7% |
| 2019 | -3.02 % change on previous year | -101.0% |
| 2020 | 12.62 % change on previous year | -518.3% |
| 2021 | 68.96 % change on previous year | +446.6% |
| 2022 | 10.09 % change on previous year | -85.4% |
| 2023 | 22.48 % change on previous year | +122.9% |
| 2024 | 8.2 % change on previous year | -63.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 44.52 % change on previous year | -72 % change on previous year | 221.95 % change on previous year | 9 |
| 1980s | 37.35 % change on previous year | -56.33 % change on previous year | 124.78 % change on previous year | 10 |
| 1990s | -3.09 % change on previous year | -39.46 % change on previous year | 59.22 % change on previous year | 10 |
| 2000s | 34.63 % change on previous year | -85.05 % change on previous year | 416.11 % change on previous year | 10 |
| 2010s | 33.19 % change on previous year | -32.83 % change on previous year | 316.78 % change on previous year | 10 |
| 2020s | 24.47 % change on previous year | 8.2 % change on previous year | 68.96 % change on previous year | 5 |
Countries ranked near Nigeria
- 62 Colombia 9.39 % change on previous year compare
- 63 Nepal 9.26 % change on previous year compare
- 64 Nicaragua 8.9 % change on previous year compare
- 66 Malawi 8.16 % change on previous year compare
- 67 Saint Kitts and Nevis 7.24 % change on previous year compare
- 68 Honduras 6.62 % change on previous year 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 debt service on external debt, public and publicly guaranteed (ppg) in Nigeria?
- Debt service on external debt, public and publicly guaranteed (ppg) in Nigeria was 8.2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest debt service on external debt, public and publicly guaranteed (ppg) recorded in Nigeria?
- The highest recorded value was 416.11 % change on previous year in 2005.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in Nigeria?
- The lowest recorded value was -85.05 % change on previous year in 2007.
- How does Nigeria rank for debt service on external debt, public and publicly guaranteed (ppg)?
- Nigeria ranks 65th out of 122 countries with data for 2024.
- Is debt service on external debt, public and publicly guaranteed (ppg) rising or falling in Nigeria?
- Over the last ten years it is up 125.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Debt service on external debt, public and publicly guaranteed (PPG) International Debt Statistics, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.