Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria
Nigeria: Debt service on external debt, public and publicly guaranteed (PPG) was 16.59 TDS, current US$ per person in 2024. ◆ Volatile
Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in TDS, current US$ per person.
Analysis
In 2024, debt service on external debt, public and publicly guaranteed (ppg) in Nigeria stood at 16.59 TDS, current US$ per person.
Compared with earlier readings it is up 6.0% on the previous year and up 1,068.1% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in Nigeria peaked at 60.68 TDS, current US$ per person in 2005 and was at its lowest, 1.03 TDS, current US$ per person, in 1971.
Nigeria ranks 96th of 122 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 service on external debt, public and publicly guaranteed (PPG) in Nigeria, year by year
| Year | TDS, current US$ per person | Change |
|---|---|---|
| 1970 | 1.03 TDS, current US$ per person | — |
| 1971 | 1.03 TDS, current US$ per person | -0.6% |
| 1972 | 1.06 TDS, current US$ per person | +3.6% |
| 1973 | 3.34 TDS, current US$ per person | +214.0% |
| 1974 | 2.65 TDS, current US$ per person | -20.8% |
| 1975 | 3.84 TDS, current US$ per person | +44.9% |
| 1976 | 5.69 TDS, current US$ per person | +48.4% |
| 1977 | 1.55 TDS, current US$ per person | -72.8% |
| 1978 | 1.41 TDS, current US$ per person | -8.7% |
| 1979 | 3.64 TDS, current US$ per person | +157.6% |
| 1980 | 6.82 TDS, current US$ per person | +87.3% |
| 1981 | 11.85 TDS, current US$ per person | +73.8% |
| 1982 | 17.94 TDS, current US$ per person | +51.4% |
| 1983 | 23.34 TDS, current US$ per person | +30.1% |
| 1984 | 37.05 TDS, current US$ per person | +58.7% |
| 1985 | 45.06 TDS, current US$ per person | +21.6% |
| 1986 | 19.15 TDS, current US$ per person | -57.5% |
| 1987 | 10.2 TDS, current US$ per person | -46.7% |
| 1988 | 22.33 TDS, current US$ per person | +118.8% |
| 1989 | 21.83 TDS, current US$ per person | -2.2% |
| 1990 | 33.83 TDS, current US$ per person | +55.0% |
| 1991 | 28.64 TDS, current US$ per person | -15.3% |
| 1992 | 23.05 TDS, current US$ per person | -19.5% |
| 1993 | 13.59 TDS, current US$ per person | -41.0% |
| 1994 | 16.77 TDS, current US$ per person | +23.3% |
| 1995 | 15.77 TDS, current US$ per person | -5.9% |
| 1996 | 18.93 TDS, current US$ per person | +20.0% |
| 1997 | 11.66 TDS, current US$ per person | -38.4% |
| 1998 | 10.64 TDS, current US$ per person | -8.8% |
| 1999 | 7.92 TDS, current US$ per person | -25.6% |
| 2000 | 13.68 TDS, current US$ per person | +72.8% |
| 2001 | 19 TDS, current US$ per person | +38.9% |
| 2002 | 10.71 TDS, current US$ per person | -43.6% |
| 2003 | 11.86 TDS, current US$ per person | +10.7% |
| 2004 | 12.09 TDS, current US$ per person | +1.9% |
| 2005 | 60.68 TDS, current US$ per person | +402.0% |
| 2006 | 44.95 TDS, current US$ per person | -25.9% |
| 2007 | 6.54 TDS, current US$ per person | -85.5% |
| 2008 | 2.71 TDS, current US$ per person | -58.5% |
| 2009 | 2.63 TDS, current US$ per person | -3.0% |
| 2010 | 1.84 TDS, current US$ per person | -30.0% |
| 2011 | 2.05 TDS, current US$ per person | +11.4% |
| 2012 | 1.43 TDS, current US$ per person | -30.3% |
| 2013 | 2.17 TDS, current US$ per person | +51.9% |
| 2014 | 1.42 TDS, current US$ per person | -34.6% |
| 2015 | 2.08 TDS, current US$ per person | +46.7% |
| 2016 | 1.82 TDS, current US$ per person | -12.9% |
| 2017 | 1.72 TDS, current US$ per person | -5.4% |
| 2018 | 7 TDS, current US$ per person | +307.3% |
| 2019 | 6.64 TDS, current US$ per person | -5.1% |
| 2020 | 7.32 TDS, current US$ per person | +10.2% |
| 2021 | 12.11 TDS, current US$ per person | +65.5% |
| 2022 | 13.05 TDS, current US$ per person | +7.8% |
| 2023 | 15.65 TDS, current US$ per person | +19.9% |
| 2024 | 16.59 TDS, current US$ per person | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.52 TDS, current US$ per person | 1.03 TDS, current US$ per person | 5.69 TDS, current US$ per person | 10 |
| 1980s | 21.56 TDS, current US$ per person | 6.82 TDS, current US$ per person | 45.06 TDS, current US$ per person | 10 |
| 1990s | 18.08 TDS, current US$ per person | 7.92 TDS, current US$ per person | 33.83 TDS, current US$ per person | 10 |
| 2000s | 18.49 TDS, current US$ per person | 2.63 TDS, current US$ per person | 60.68 TDS, current US$ per person | 10 |
| 2010s | 2.82 TDS, current US$ per person | 1.42 TDS, current US$ per person | 7 TDS, current US$ per person | 10 |
| 2020s | 12.94 TDS, current US$ per person | 7.32 TDS, current US$ per person | 16.59 TDS, current US$ per person | 5 |
Countries ranked near Nigeria
- 93 Gambia 17.51 TDS, current US$ per person compare
- 94 Timor-Leste 17.37 TDS, current US$ per person compare
- 95 Rwanda 17.17 TDS, current US$ per person compare
- 97 Chad 14.43 TDS, current US$ per person compare
- 98 Guinea-Bissau 14.35 TDS, current US$ per person compare
- 99 Nepal 12.95 TDS, current US$ per person 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 16.59 TDS, current US$ per person 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 60.68 TDS, current US$ per person in 2005.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in Nigeria?
- The lowest recorded value was 1.03 TDS, current US$ per person in 1971.
- How does Nigeria rank for debt service on external debt, public and publicly guaranteed (ppg)?
- Nigeria ranks 96th 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 1,068.1%. 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$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) ÷ Population, total
Computed from
- Debt service on external debt, public and publicly guaranteed (PPG) International Debt Statistics, World Bank (WB)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.