Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria
Nigeria: Debt service on external debt, public and publicly guaranteed (PPG) was 0.0153 TDS, current US$ per US$ of GDP 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 US$ of GDP.
Analysis
The most recent figure for debt service on external debt, public and publicly guaranteed (ppg) in Nigeria is 0.0153 TDS, current US$ per US$ of GDP, measured in 2024.
The figure is up 109.0% on the previous year and up 3,227.8% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in Nigeria peaked at 0.0608 TDS, current US$ per US$ of GDP in 1990 and was at its lowest, 0.0005 TDS, current US$ per US$ of GDP, in 2014.
Nigeria ranks 79th 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 | TDS, current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0046 TDS, current US$ per US$ of GDP | — |
| 1971 | 0.0064 TDS, current US$ per US$ of GDP | +39.0% |
| 1972 | 0.0051 TDS, current US$ per US$ of GDP | -20.6% |
| 1973 | 0.0132 TDS, current US$ per US$ of GDP | +160.6% |
| 1974 | 0.0066 TDS, current US$ per US$ of GDP | -50.4% |
| 1975 | 0.0088 TDS, current US$ per US$ of GDP | +33.3% |
| 1976 | 0.0102 TDS, current US$ per US$ of GDP | +16.8% |
| 1977 | 0.0029 TDS, current US$ per US$ of GDP | -71.8% |
| 1978 | 0.0027 TDS, current US$ per US$ of GDP | -7.1% |
| 1979 | 0.0055 TDS, current US$ per US$ of GDP | +105.4% |
| 1980 | 0.0078 TDS, current US$ per US$ of GDP | +42.2% |
| 1981 | 0.0055 TDS, current US$ per US$ of GDP | -30.0% |
| 1982 | 0.0099 TDS, current US$ per US$ of GDP | +79.7% |
| 1983 | 0.0193 TDS, current US$ per US$ of GDP | +96.3% |
| 1984 | 0.0416 TDS, current US$ per US$ of GDP | +115.2% |
| 1985 | 0.0519 TDS, current US$ per US$ of GDP | +24.7% |
| 1986 | 0.0305 TDS, current US$ per US$ of GDP | -41.2% |
| 1987 | 0.0174 TDS, current US$ per US$ of GDP | -43.1% |
| 1988 | 0.0414 TDS, current US$ per US$ of GDP | +138.5% |
| 1989 | 0.0469 TDS, current US$ per US$ of GDP | +13.3% |
| 1990 | 0.0608 TDS, current US$ per US$ of GDP | +29.7% |
| 1991 | 0.048 TDS, current US$ per US$ of GDP | -21.1% |
| 1992 | 0.0453 TDS, current US$ per US$ of GDP | -5.5% |
| 1993 | 0.0252 TDS, current US$ per US$ of GDP | -44.4% |
| 1994 | 0.0225 TDS, current US$ per US$ of GDP | -10.7% |
| 1995 | 0.0124 TDS, current US$ per US$ of GDP | -44.9% |
| 1996 | 0.0116 TDS, current US$ per US$ of GDP | -6.5% |
| 1997 | 0.0068 TDS, current US$ per US$ of GDP | -41.5% |
| 1998 | 0.0058 TDS, current US$ per US$ of GDP | -13.9% |
| 1999 | 0.0165 TDS, current US$ per US$ of GDP | +182.2% |
| 2000 | 0.025 TDS, current US$ per US$ of GDP | +51.8% |
| 2001 | 0.0336 TDS, current US$ per US$ of GDP | +34.2% |
| 2002 | 0.015 TDS, current US$ per US$ of GDP | -55.2% |
| 2003 | 0.0155 TDS, current US$ per US$ of GDP | +3.3% |
| 2004 | 0.0126 TDS, current US$ per US$ of GDP | -19.2% |
| 2005 | 0.0501 TDS, current US$ per US$ of GDP | +298.9% |
| 2006 | 0.0281 TDS, current US$ per US$ of GDP | -43.9% |
| 2007 | 0.0036 TDS, current US$ per US$ of GDP | -87.2% |
| 2008 | 0.0013 TDS, current US$ per US$ of GDP | -65.0% |
| 2009 | 0.0014 TDS, current US$ per US$ of GDP | +14.7% |
| 2010 | 0.0008 TDS, current US$ per US$ of GDP | -42.1% |
| 2011 | 0.0008 TDS, current US$ per US$ of GDP | +1.5% |
| 2012 | 0.0005 TDS, current US$ per US$ of GDP | -36.0% |
| 2013 | 0.0008 TDS, current US$ per US$ of GDP | +39.2% |
| 2014 | 0.0005 TDS, current US$ per US$ of GDP | -39.2% |
| 2015 | 0.0008 TDS, current US$ per US$ of GDP | +75.2% |
| 2016 | 0.0009 TDS, current US$ per US$ of GDP | +8.8% |
| 2017 | 0.0009 TDS, current US$ per US$ of GDP | +4.4% |
| 2018 | 0.0034 TDS, current US$ per US$ of GDP | +271.3% |
| 2019 | 0.0021 TDS, current US$ per US$ of GDP | -38.8% |
| 2020 | 0.0026 TDS, current US$ per US$ of GDP | +25.7% |
| 2021 | 0.0043 TDS, current US$ per US$ of GDP | +66.0% |
| 2022 | 0.0045 TDS, current US$ per US$ of GDP | +3.7% |
| 2023 | 0.0073 TDS, current US$ per US$ of GDP | +62.6% |
| 2024 | 0.0153 TDS, current US$ per US$ of GDP | +109.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0066 TDS, current US$ per US$ of GDP | 0.0027 TDS, current US$ per US$ of GDP | 0.0132 TDS, current US$ per US$ of GDP | 10 |
| 1980s | 0.0272 TDS, current US$ per US$ of GDP | 0.0055 TDS, current US$ per US$ of GDP | 0.0519 TDS, current US$ per US$ of GDP | 10 |
| 1990s | 0.0255 TDS, current US$ per US$ of GDP | 0.0058 TDS, current US$ per US$ of GDP | 0.0608 TDS, current US$ per US$ of GDP | 10 |
| 2000s | 0.0186 TDS, current US$ per US$ of GDP | 0.0013 TDS, current US$ per US$ of GDP | 0.0501 TDS, current US$ per US$ of GDP | 10 |
| 2010s | 0.0012 TDS, current US$ per US$ of GDP | 0.0005 TDS, current US$ per US$ of GDP | 0.0034 TDS, current US$ per US$ of GDP | 10 |
| 2020s | 0.0068 TDS, current US$ per US$ of GDP | 0.0026 TDS, current US$ per US$ of GDP | 0.0153 TDS, current US$ per US$ of GDP | 5 |
Countries ranked near Nigeria
- 76 Peru 0.0162 TDS, current US$ per US$ of GDP compare
- 77 Rwanda 0.0162 TDS, current US$ per US$ of GDP compare
- 78 Kyrgyzstan 0.0159 TDS, current US$ per US$ of GDP compare
- 80 Chad 0.0147 TDS, current US$ per US$ of GDP compare
- 81 Guinea-Bissau 0.0144 TDS, current US$ per US$ of GDP compare
- 82 Guinea 0.0133 TDS, current US$ per US$ of GDP 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 0.0153 TDS, current US$ per US$ of GDP 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 0.0608 TDS, current US$ per US$ of GDP in 1990.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in Nigeria?
- The lowest recorded value was 0.0005 TDS, current US$ per US$ of GDP in 2014.
- How does Nigeria rank for debt service on external debt, public and publicly guaranteed (ppg)?
- Nigeria ranks 79th 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 3,227.8%. 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) ÷ GDP (current US$)
Computed from
- Debt service on external debt, public and publicly guaranteed (PPG) International Debt Statistics, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.