Debt service on external debt, total (TDS, current US$), annual in Nigeria
Nigeria: Debt service on external debt, total (TDS, current US$), annual was 39.44 % change on previous year in 2024. ◆ Volatile
Debt service on external debt, total (TDS, current US$), annual in Nigeria, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 39.44 % change on previous year for debt service on external debt, total (tds, current us$), annual in 2024.
That represents a change of up 196.3% on the previous year and down 68.6% over ten years.
Over the whole period, debt service on external debt, total (tds, current us$), annual in Nigeria peaked at 405.86 % change on previous year in 2005 and was at its lowest, -76.51 % change on previous year, in 2007.
That places Nigeria 23rd out of 121 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, total (TDS, current US$), annual in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -1.14 % change on previous year | — |
| 1972 | 0.8378 % change on previous year | -173.5% |
| 1973 | 140.04 % change on previous year | +16614.9% |
| 1974 | -16.03 % change on previous year | -111.4% |
| 1975 | 40.53 % change on previous year | -352.9% |
| 1976 | 48.34 % change on previous year | +19.3% |
| 1977 | -65.49 % change on previous year | -235.5% |
| 1978 | 7.77 % change on previous year | -111.9% |
| 1979 | 163.19 % change on previous year | +1999.8% |
| 1980 | 193.71 % change on previous year | +18.7% |
| 1981 | 55.6 % change on previous year | -71.3% |
| 1982 | 16.74 % change on previous year | -69.9% |
| 1983 | 22.73 % change on previous year | +35.8% |
| 1984 | 58.55 % change on previous year | +157.7% |
| 1985 | 8.88 % change on previous year | -84.8% |
| 1986 | -53.69 % change on previous year | -704.7% |
| 1987 | -46.05 % change on previous year | -14.2% |
| 1988 | 99.78 % change on previous year | -316.7% |
| 1989 | -4.2 % change on previous year | -104.2% |
| 1990 | 57.52 % change on previous year | -1468.1% |
| 1991 | -11.72 % change on previous year | -120.4% |
| 1992 | -18 % change on previous year | +53.7% |
| 1993 | -38.25 % change on previous year | +112.4% |
| 1994 | 25.53 % change on previous year | -166.7% |
| 1995 | -2.07 % change on previous year | -108.1% |
| 1996 | 21.59 % change on previous year | -1142.3% |
| 1997 | -36.47 % change on previous year | -268.9% |
| 1998 | -5.93 % change on previous year | -83.8% |
| 1999 | -19.51 % change on previous year | +229.3% |
| 2000 | 78.34 % change on previous year | -501.5% |
| 2001 | 36.37 % change on previous year | -53.6% |
| 2002 | -40.96 % change on previous year | -212.6% |
| 2003 | 10.69 % change on previous year | -126.1% |
| 2004 | 8.72 % change on previous year | -18.5% |
| 2005 | 405.86 % change on previous year | +4556.5% |
| 2006 | -24.49 % change on previous year | -106.0% |
| 2007 | -76.51 % change on previous year | +212.4% |
| 2008 | -51.66 % change on previous year | -32.5% |
| 2009 | -19.39 % change on previous year | -62.5% |
| 2010 | -7.43 % change on previous year | -61.7% |
| 2011 | 16.69 % change on previous year | -324.6% |
| 2012 | 21.17 % change on previous year | +26.9% |
| 2013 | 23.81 % change on previous year | +12.5% |
| 2014 | 125.45 % change on previous year | +426.8% |
| 2015 | 1.07 % change on previous year | -99.1% |
| 2016 | 112.55 % change on previous year | +10446.4% |
| 2017 | -23.79 % change on previous year | -121.1% |
| 2018 | 48.68 % change on previous year | -304.6% |
| 2019 | 15.9 % change on previous year | -67.3% |
| 2020 | -18.33 % change on previous year | -215.3% |
| 2021 | 46.23 % change on previous year | -352.2% |
| 2022 | 6.84 % change on previous year | -85.2% |
| 2023 | 13.31 % change on previous year | +94.5% |
| 2024 | 39.44 % change on previous year | +196.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 35.34 % change on previous year | -65.49 % change on previous year | 163.19 % change on previous year | 9 |
| 1980s | 35.2 % change on previous year | -53.69 % change on previous year | 193.71 % change on previous year | 10 |
| 1990s | -2.73 % change on previous year | -38.25 % change on previous year | 57.52 % change on previous year | 10 |
| 2000s | 32.7 % change on previous year | -76.51 % change on previous year | 405.86 % change on previous year | 10 |
| 2010s | 33.41 % change on previous year | -23.79 % change on previous year | 125.45 % change on previous year | 10 |
| 2020s | 17.5 % change on previous year | -18.33 % change on previous year | 46.23 % change on previous year | 5 |
Countries ranked near Nigeria
- 20 Kosovo 42.53 % change on previous year compare
- 21 Guinea 41.06 % change on previous year compare
- 22 Gambia 39.45 % change on previous year compare
- 24 Djibouti 38.09 % change on previous year compare
- 25 Georgia 35.18 % change on previous year compare
- 26 Ukraine 33.08 % 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, total (tds, current us$), annual in Nigeria?
- Debt service on external debt, total (tds, current us$), annual in Nigeria was 39.44 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest debt service on external debt, total (tds, current us$), annual recorded in Nigeria?
- The highest recorded value was 405.86 % change on previous year in 2005.
- What is the lowest debt service on external debt, total (tds, current us$), annual recorded in Nigeria?
- The lowest recorded value was -76.51 % change on previous year in 2007.
- How does Nigeria rank for debt service on external debt, total (tds, current us$), annual?
- Nigeria ranks 23rd out of 121 countries with data for 2024.
- Is debt service on external debt, total (tds, current us$), annual rising or falling in Nigeria?
- Over the last ten years it is down 68.6%. 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, total (TDS, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Debt service on external debt, total (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Debt service on external debt, total 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, total (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.