Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria
Nigeria: Debt service on external debt, public and publicly guaranteed (PPG) was 3,917 TDS, current US$ per square kilometre in 2023. ◆ Volatile
Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria, 1970–2023
Source: Statizoid (derived). Measured in TDS, current US$ per square kilometre.
Analysis
In 2023, debt service on external debt, public and publicly guaranteed (ppg) in Nigeria stood at 3,917 TDS, current US$ per square kilometre.
Compared with earlier readings it is up 22.5% on the previous year and up 807.6% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in Nigeria peaked at 9,662 TDS, current US$ per square kilometre in 2005 and was at its lowest, 63.42 TDS, current US$ per square kilometre, in 1970.
Nigeria ranks 63rd of 121 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 square kilometre | Change |
|---|---|---|
| 1970 | 63.42 TDS, current US$ per square kilometre | — |
| 1971 | 64.53 TDS, current US$ per square kilometre | +1.8% |
| 1972 | 68.47 TDS, current US$ per square kilometre | +6.1% |
| 1973 | 220.44 TDS, current US$ per square kilometre | +221.9% |
| 1974 | 179.32 TDS, current US$ per square kilometre | -18.7% |
| 1975 | 267.18 TDS, current US$ per square kilometre | +49.0% |
| 1976 | 407.98 TDS, current US$ per square kilometre | +52.7% |
| 1977 | 114.22 TDS, current US$ per square kilometre | -72.0% |
| 1978 | 107.56 TDS, current US$ per square kilometre | -5.8% |
| 1979 | 285.81 TDS, current US$ per square kilometre | +165.7% |
| 1980 | 552.25 TDS, current US$ per square kilometre | +93.2% |
| 1981 | 989.76 TDS, current US$ per square kilometre | +79.2% |
| 1982 | 1,544 TDS, current US$ per square kilometre | +56.0% |
| 1983 | 2,062 TDS, current US$ per square kilometre | +33.5% |
| 1984 | 3,357 TDS, current US$ per square kilometre | +62.8% |
| 1985 | 4,200 TDS, current US$ per square kilometre | +25.1% |
| 1986 | 1,834 TDS, current US$ per square kilometre | -56.3% |
| 1987 | 1,004 TDS, current US$ per square kilometre | -45.3% |
| 1988 | 2,256 TDS, current US$ per square kilometre | +124.8% |
| 1989 | 2,265 TDS, current US$ per square kilometre | +0.4% |
| 1990 | 3,607 TDS, current US$ per square kilometre | +59.2% |
| 1991 | 3,136 TDS, current US$ per square kilometre | -13.1% |
| 1992 | 2,591 TDS, current US$ per square kilometre | -17.4% |
| 1993 | 1,569 TDS, current US$ per square kilometre | -39.5% |
| 1994 | 1,987 TDS, current US$ per square kilometre | +26.6% |
| 1995 | 1,919 TDS, current US$ per square kilometre | -3.4% |
| 1996 | 2,364 TDS, current US$ per square kilometre | +23.2% |
| 1997 | 1,495 TDS, current US$ per square kilometre | -36.8% |
| 1998 | 1,400 TDS, current US$ per square kilometre | -6.3% |
| 1999 | 1,070 TDS, current US$ per square kilometre | -23.6% |
| 2000 | 1,899 TDS, current US$ per square kilometre | +77.5% |
| 2001 | 2,710 TDS, current US$ per square kilometre | +42.7% |
| 2002 | 1,570 TDS, current US$ per square kilometre | -42.1% |
| 2003 | 1,787 TDS, current US$ per square kilometre | +13.8% |
| 2004 | 1,872 TDS, current US$ per square kilometre | +4.7% |
| 2005 | 9,662 TDS, current US$ per square kilometre | +416.1% |
| 2006 | 7,357 TDS, current US$ per square kilometre | -23.9% |
| 2007 | 1,100 TDS, current US$ per square kilometre | -85.0% |
| 2008 | 469.4 TDS, current US$ per square kilometre | -57.3% |
| 2009 | 468.07 TDS, current US$ per square kilometre | -0.3% |
| 2010 | 336.9 TDS, current US$ per square kilometre | -28.0% |
| 2011 | 386.03 TDS, current US$ per square kilometre | +14.6% |
| 2012 | 276.52 TDS, current US$ per square kilometre | -28.4% |
| 2013 | 431.56 TDS, current US$ per square kilometre | +56.1% |
| 2014 | 289.88 TDS, current US$ per square kilometre | -32.8% |
| 2015 | 436.1 TDS, current US$ per square kilometre | +50.4% |
| 2016 | 389.53 TDS, current US$ per square kilometre | -10.7% |
| 2017 | 377.68 TDS, current US$ per square kilometre | -3.0% |
| 2018 | 1,574 TDS, current US$ per square kilometre | +316.8% |
| 2019 | 1,527 TDS, current US$ per square kilometre | -3.0% |
| 2020 | 1,719 TDS, current US$ per square kilometre | +12.6% |
| 2021 | 2,905 TDS, current US$ per square kilometre | +69.0% |
| 2022 | 3,198 TDS, current US$ per square kilometre | +10.1% |
| 2023 | 3,917 TDS, current US$ per square kilometre | +22.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 177.89 TDS, current US$ per square kilometre | 63.42 TDS, current US$ per square kilometre | 407.98 TDS, current US$ per square kilometre | 10 |
| 1980s | 2,006 TDS, current US$ per square kilometre | 552.25 TDS, current US$ per square kilometre | 4,200 TDS, current US$ per square kilometre | 10 |
| 1990s | 2,114 TDS, current US$ per square kilometre | 1,070 TDS, current US$ per square kilometre | 3,607 TDS, current US$ per square kilometre | 10 |
| 2000s | 2,890 TDS, current US$ per square kilometre | 468.07 TDS, current US$ per square kilometre | 9,662 TDS, current US$ per square kilometre | 10 |
| 2010s | 602.49 TDS, current US$ per square kilometre | 276.52 TDS, current US$ per square kilometre | 1,574 TDS, current US$ per square kilometre | 10 |
| 2020s | 2,935 TDS, current US$ per square kilometre | 1,719 TDS, current US$ per square kilometre | 3,917 TDS, current US$ per square kilometre | 4 |
Countries ranked near Nigeria
- 60 Sao Tome and Principe 4,482 TDS, current US$ per square kilometre compare
- 61 Eswatini 4,345 TDS, current US$ per square kilometre compare
- 62 Gambia 3,928 TDS, current US$ per square kilometre compare
- 64 Peru 3,860 TDS, current US$ per square kilometre compare
- 65 Brazil 3,734 TDS, current US$ per square kilometre compare
- 66 Bhutan 3,607 TDS, current US$ per square kilometre 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 3,917 TDS, current US$ per square kilometre in 2023, 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 9,662 TDS, current US$ per square kilometre in 2005.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in Nigeria?
- The lowest recorded value was 63.42 TDS, current US$ per square kilometre in 1970.
- How does Nigeria rank for debt service on external debt, public and publicly guaranteed (ppg)?
- Nigeria ranks 63rd out of 121 countries with data for 2023.
- Is debt service on external debt, public and publicly guaranteed (ppg) rising or falling in Nigeria?
- Over the last ten years it is up 807.6%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Debt service on external debt, public and publicly guaranteed (PPG) International Debt Statistics, World Bank (WB)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.