Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria
Nigeria: Debt service on external debt, public and publicly guaranteed (PPG) was 3.86 billion TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
3.86 billion TDS, current US$
Change on year
up 8.2%
World rank
26th
of 122 countries
All-time high
8.80 billion TDS, current US$
in 2005
All-time low
57.76 million TDS, current US$
in 1970
Years of data
55
1970–2024
Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
In 2024, debt service on external debt, public and publicly guaranteed (ppg) in Nigeria stood at 3.86 billion TDS, current US$.
That represents a change of up 8.2% on the previous year and up 1,362.0% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in Nigeria peaked at 8.80 billion TDS, current US$ in 2005 and was at its lowest, 57.76 million TDS, current US$, in 1970.
Nigeria ranks 26th of 122 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, public and publicly guaranteed (PPG) in Nigeria, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 57.76 million TDS, current US$ | — |
| 1971 | 58.77 million TDS, current US$ | +1.8% |
| 1972 | 62.36 million TDS, current US$ | +6.1% |
| 1973 | 200.77 million TDS, current US$ | +221.9% |
| 1974 | 163.32 million TDS, current US$ | -18.7% |
| 1975 | 243.34 million TDS, current US$ | +49.0% |
| 1976 | 371.58 million TDS, current US$ | +52.7% |
| 1977 | 104.03 million TDS, current US$ | -72.0% |
| 1978 | 97.97 million TDS, current US$ | -5.8% |
| 1979 | 260.30 million TDS, current US$ | +165.7% |
| 1980 | 502.98 million TDS, current US$ | +93.2% |
| 1981 | 901.45 million TDS, current US$ | +79.2% |
| 1982 | 1.41 billion TDS, current US$ | +56.0% |
| 1983 | 1.88 billion TDS, current US$ | +33.5% |
| 1984 | 3.06 billion TDS, current US$ | +62.8% |
| 1985 | 3.83 billion TDS, current US$ | +25.1% |
| 1986 | 1.67 billion TDS, current US$ | -56.3% |
| 1987 | 914.11 million TDS, current US$ | -45.3% |
| 1988 | 2.05 billion TDS, current US$ | +124.8% |
| 1989 | 2.06 billion TDS, current US$ | +0.4% |
| 1990 | 3.29 billion TDS, current US$ | +59.2% |
| 1991 | 2.86 billion TDS, current US$ | -13.1% |
| 1992 | 2.36 billion TDS, current US$ | -17.4% |
| 1993 | 1.43 billion TDS, current US$ | -39.5% |
| 1994 | 1.81 billion TDS, current US$ | +26.6% |
| 1995 | 1.75 billion TDS, current US$ | -3.4% |
| 1996 | 2.15 billion TDS, current US$ | +23.2% |
| 1997 | 1.36 billion TDS, current US$ | -36.8% |
| 1998 | 1.28 billion TDS, current US$ | -6.3% |
| 1999 | 974.37 million TDS, current US$ | -23.6% |
| 2000 | 1.73 billion TDS, current US$ | +77.5% |
| 2001 | 2.47 billion TDS, current US$ | +42.7% |
| 2002 | 1.43 billion TDS, current US$ | -42.1% |
| 2003 | 1.63 billion TDS, current US$ | +13.8% |
| 2004 | 1.71 billion TDS, current US$ | +4.7% |
| 2005 | 8.80 billion TDS, current US$ | +416.1% |
| 2006 | 6.70 billion TDS, current US$ | -23.9% |
| 2007 | 1.00 billion TDS, current US$ | -85.0% |
| 2008 | 427.51 million TDS, current US$ | -57.3% |
| 2009 | 426.30 million TDS, current US$ | -0.3% |
| 2010 | 306.84 million TDS, current US$ | -28.0% |
| 2011 | 351.58 million TDS, current US$ | +14.6% |
| 2012 | 251.85 million TDS, current US$ | -28.4% |
| 2013 | 393.05 million TDS, current US$ | +56.1% |
| 2014 | 264.01 million TDS, current US$ | -32.8% |
| 2015 | 397.18 million TDS, current US$ | +50.4% |
| 2016 | 354.77 million TDS, current US$ | -10.7% |
| 2017 | 343.98 million TDS, current US$ | -3.0% |
| 2018 | 1.43 billion TDS, current US$ | +316.8% |
| 2019 | 1.39 billion TDS, current US$ | -3.0% |
| 2020 | 1.57 billion TDS, current US$ | +12.6% |
| 2021 | 2.65 billion TDS, current US$ | +69.0% |
| 2022 | 2.91 billion TDS, current US$ | +10.1% |
| 2023 | 3.57 billion TDS, current US$ | +22.5% |
| 2024 | 3.86 billion TDS, current US$ | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 162.02 million TDS, current US$ | 57.76 million TDS, current US$ | 371.58 million TDS, current US$ | 10 |
| 1980s | 1.83 billion TDS, current US$ | 502.98 million TDS, current US$ | 3.83 billion TDS, current US$ | 10 |
| 1990s | 1.93 billion TDS, current US$ | 974.37 million TDS, current US$ | 3.29 billion TDS, current US$ | 10 |
| 2000s | 2.63 billion TDS, current US$ | 426.30 million TDS, current US$ | 8.80 billion TDS, current US$ | 10 |
| 2010s | 548.73 million TDS, current US$ | 251.85 million TDS, current US$ | 1.43 billion TDS, current US$ | 10 |
| 2020s | 2.91 billion TDS, current US$ | 1.57 billion TDS, current US$ | 3.86 billion TDS, current US$ | 5 |
Countries ranked near Nigeria
- 23 Cote d'Ivoire 4.35 billion TDS, current US$ compare
- 24 Serbia 4.26 billion TDS, current US$ compare
- 25 Dominican Republic 4.26 billion TDS, current US$ compare
- 27 Ukraine 3.61 billion TDS, current US$ compare
- 28 Belarus 3.56 billion TDS, current US$ compare
- 29 Thailand 3.50 billion TDS, current US$ 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 3.86 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, public and publicly guaranteed (ppg) recorded in Nigeria?
- The highest recorded value was 8.80 billion TDS, current US$ in 2005.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in Nigeria?
- The lowest recorded value was 57.76 million TDS, current US$ in 1970.
- How does Nigeria rank for debt service on external debt, public and publicly guaranteed (ppg)?
- Nigeria ranks 26th 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 1,362.0%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.