Debt service on external debt, total (TDS, current US$), per capita in Nigeria
Nigeria: Debt service on external debt, total (TDS, current US$), per capita was 57.84 TDS, current US$ per person in 2024. ◆ Volatile
Debt service on external debt, total (TDS, current US$), per capita in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in TDS, current US$ per person.
Analysis
The most recent figure for debt service on external debt, total (tds, current us$), per capita in Nigeria is 57.84 TDS, current US$ per person, measured in 2024.
The figure is up 36.6% on the previous year and up 354.4% over ten years.
Over the whole period, debt service on external debt, total (tds, current us$), per capita in Nigeria peaked at 64.62 TDS, current US$ per person in 2005 and was at its lowest, 1.63 TDS, current US$ per person, in 1972.
Nigeria ranks 83rd 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, total (TDS, current US$), per capita in Nigeria, year by year
| Year | TDS, current US$ per person | Change |
|---|---|---|
| 1970 | 1.71 TDS, current US$ per person | — |
| 1971 | 1.65 TDS, current US$ per person | -3.4% |
| 1972 | 1.63 TDS, current US$ per person | -1.5% |
| 1973 | 3.81 TDS, current US$ per person | +134.1% |
| 1974 | 3.11 TDS, current US$ per person | -18.2% |
| 1975 | 4.26 TDS, current US$ per person | +36.7% |
| 1976 | 6.13 TDS, current US$ per person | +44.1% |
| 1977 | 2.05 TDS, current US$ per person | -66.5% |
| 1978 | 2.15 TDS, current US$ per person | +4.5% |
| 1979 | 5.48 TDS, current US$ per person | +155.2% |
| 1980 | 15.6 TDS, current US$ per person | +184.7% |
| 1981 | 23.54 TDS, current US$ per person | +50.9% |
| 1982 | 26.67 TDS, current US$ per person | +13.3% |
| 1983 | 31.89 TDS, current US$ per person | +19.6% |
| 1984 | 49.29 TDS, current US$ per person | +54.5% |
| 1985 | 52.16 TDS, current US$ per person | +5.8% |
| 1986 | 23.51 TDS, current US$ per person | -54.9% |
| 1987 | 12.35 TDS, current US$ per person | -47.5% |
| 1988 | 24.02 TDS, current US$ per person | +94.5% |
| 1989 | 22.4 TDS, current US$ per person | -6.7% |
| 1990 | 34.34 TDS, current US$ per person | +53.3% |
| 1991 | 29.53 TDS, current US$ per person | -14.0% |
| 1992 | 23.59 TDS, current US$ per person | -20.1% |
| 1993 | 14.18 TDS, current US$ per person | -39.9% |
| 1994 | 17.34 TDS, current US$ per person | +22.3% |
| 1995 | 16.54 TDS, current US$ per person | -4.6% |
| 1996 | 19.59 TDS, current US$ per person | +18.5% |
| 1997 | 12.13 TDS, current US$ per person | -38.1% |
| 1998 | 11.11 TDS, current US$ per person | -8.4% |
| 1999 | 8.71 TDS, current US$ per person | -21.6% |
| 2000 | 15.13 TDS, current US$ per person | +73.6% |
| 2001 | 20.08 TDS, current US$ per person | +32.7% |
| 2002 | 11.53 TDS, current US$ per person | -42.6% |
| 2003 | 12.42 TDS, current US$ per person | +7.7% |
| 2004 | 13.13 TDS, current US$ per person | +5.7% |
| 2005 | 64.62 TDS, current US$ per person | +392.0% |
| 2006 | 47.46 TDS, current US$ per person | -26.5% |
| 2007 | 10.85 TDS, current US$ per person | -77.2% |
| 2008 | 5.1 TDS, current US$ per person | -53.0% |
| 2009 | 4 TDS, current US$ per person | -21.6% |
| 2010 | 3.6 TDS, current US$ per person | -10.0% |
| 2011 | 4.08 TDS, current US$ per person | +13.5% |
| 2012 | 4.81 TDS, current US$ per person | +17.9% |
| 2013 | 5.8 TDS, current US$ per person | +20.5% |
| 2014 | 12.73 TDS, current US$ per person | +119.6% |
| 2015 | 12.54 TDS, current US$ per person | -1.5% |
| 2016 | 26.01 TDS, current US$ per person | +107.4% |
| 2017 | 19.34 TDS, current US$ per person | -25.6% |
| 2018 | 28.1 TDS, current US$ per person | +45.3% |
| 2019 | 31.86 TDS, current US$ per person | +13.4% |
| 2020 | 25.48 TDS, current US$ per person | -20.0% |
| 2021 | 36.48 TDS, current US$ per person | +43.2% |
| 2022 | 38.17 TDS, current US$ per person | +4.6% |
| 2023 | 42.35 TDS, current US$ per person | +11.0% |
| 2024 | 57.84 TDS, current US$ per person | +36.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.2 TDS, current US$ per person | 1.63 TDS, current US$ per person | 6.13 TDS, current US$ per person | 10 |
| 1980s | 28.14 TDS, current US$ per person | 12.35 TDS, current US$ per person | 52.16 TDS, current US$ per person | 10 |
| 1990s | 18.71 TDS, current US$ per person | 8.71 TDS, current US$ per person | 34.34 TDS, current US$ per person | 10 |
| 2000s | 20.43 TDS, current US$ per person | 4 TDS, current US$ per person | 64.62 TDS, current US$ per person | 10 |
| 2010s | 14.89 TDS, current US$ per person | 3.6 TDS, current US$ per person | 31.86 TDS, current US$ per person | 10 |
| 2020s | 40.06 TDS, current US$ per person | 25.48 TDS, current US$ per person | 57.84 TDS, current US$ per person | 5 |
Countries ranked near Nigeria
- 80 Iraq 74.34 TDS, current US$ per person compare
- 81 Pakistan 64.9 TDS, current US$ per person compare
- 82 India 63.14 TDS, current US$ per person compare
- 84 Cameroon 57.55 TDS, current US$ per person compare
- 85 Tajikistan 54.16 TDS, current US$ per person compare
- 86 Bangladesh 49.53 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, total (tds, current us$), per capita in Nigeria?
- Debt service on external debt, total (tds, current us$), per capita in Nigeria was 57.84 TDS, current US$ per person in 2024, according to Statizoid (derived).
- What is the highest debt service on external debt, total (tds, current us$), per capita recorded in Nigeria?
- The highest recorded value was 64.62 TDS, current US$ per person in 2005.
- What is the lowest debt service on external debt, total (tds, current us$), per capita recorded in Nigeria?
- The lowest recorded value was 1.63 TDS, current US$ per person in 1972.
- How does Nigeria rank for debt service on external debt, total (tds, current us$), per capita?
- Nigeria ranks 83rd out of 121 countries with data for 2024.
- Is debt service on external debt, total (tds, current us$), per capita rising or falling in Nigeria?
- Over the last ten years it is up 354.4%. 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$), per capita. Statizoid updates them automatically from the source API.
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CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Debt service on external debt, total (TDS, current US$) 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, total (TDS, current US$) ÷ Population, total
Computed from
- Debt service on external debt, total International Debt Statistics, World Bank (WB)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Debt service on external debt, total (TDS, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.