Debt service on external debt, total (TDS, current US$), per square in Nigeria
Nigeria: Debt service on external debt, total (TDS, current US$), per square was 10,597 TDS, current US$ per square kilometre in 2023. ◆ Volatile
Debt service on external debt, total (TDS, current US$), per square in Nigeria, 1970–2023
Source: Statizoid (derived). Measured in TDS, current US$ per square kilometre.
Analysis
In 2023, debt service on external debt, total (tds, current us$), per square in Nigeria stood at 10,597 TDS, current US$ per square kilometre. That is the highest value across all 54 years on record.
That represents a change of up 13.3% on the previous year and up 819.6% over ten years.
Over the whole period, debt service on external debt, total (tds, current us$), per square in Nigeria peaked at 10,597 TDS, current US$ per square kilometre in 2023 and was at its lowest, 103.72 TDS, current US$ per square kilometre, in 1971.
That places Nigeria 59th out of 120 countries with data for 2023, putting it 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$), per square in Nigeria, year by year
| Year | TDS, current US$ per square kilometre | Change |
|---|---|---|
| 1970 | 104.92 TDS, current US$ per square kilometre | — |
| 1971 | 103.72 TDS, current US$ per square kilometre | -1.1% |
| 1972 | 104.59 TDS, current US$ per square kilometre | +0.8% |
| 1973 | 251.07 TDS, current US$ per square kilometre | +140.0% |
| 1974 | 210.83 TDS, current US$ per square kilometre | -16.0% |
| 1975 | 296.28 TDS, current US$ per square kilometre | +40.5% |
| 1976 | 439.49 TDS, current US$ per square kilometre | +48.3% |
| 1977 | 151.66 TDS, current US$ per square kilometre | -65.5% |
| 1978 | 163.45 TDS, current US$ per square kilometre | +7.8% |
| 1979 | 430.19 TDS, current US$ per square kilometre | +163.2% |
| 1980 | 1,264 TDS, current US$ per square kilometre | +193.7% |
| 1981 | 1,966 TDS, current US$ per square kilometre | +55.6% |
| 1982 | 2,295 TDS, current US$ per square kilometre | +16.7% |
| 1983 | 2,817 TDS, current US$ per square kilometre | +22.7% |
| 1984 | 4,466 TDS, current US$ per square kilometre | +58.6% |
| 1985 | 4,863 TDS, current US$ per square kilometre | +8.9% |
| 1986 | 2,252 TDS, current US$ per square kilometre | -53.7% |
| 1987 | 1,215 TDS, current US$ per square kilometre | -46.0% |
| 1988 | 2,427 TDS, current US$ per square kilometre | +99.8% |
| 1989 | 2,325 TDS, current US$ per square kilometre | -4.2% |
| 1990 | 3,662 TDS, current US$ per square kilometre | +57.5% |
| 1991 | 3,233 TDS, current US$ per square kilometre | -11.7% |
| 1992 | 2,651 TDS, current US$ per square kilometre | -18.0% |
| 1993 | 1,637 TDS, current US$ per square kilometre | -38.2% |
| 1994 | 2,055 TDS, current US$ per square kilometre | +25.5% |
| 1995 | 2,012 TDS, current US$ per square kilometre | -2.1% |
| 1996 | 2,447 TDS, current US$ per square kilometre | +21.6% |
| 1997 | 1,555 TDS, current US$ per square kilometre | -36.5% |
| 1998 | 1,462 TDS, current US$ per square kilometre | -5.9% |
| 1999 | 1,177 TDS, current US$ per square kilometre | -19.5% |
| 2000 | 2,099 TDS, current US$ per square kilometre | +78.3% |
| 2001 | 2,863 TDS, current US$ per square kilometre | +36.4% |
| 2002 | 1,690 TDS, current US$ per square kilometre | -41.0% |
| 2003 | 1,871 TDS, current US$ per square kilometre | +10.7% |
| 2004 | 2,034 TDS, current US$ per square kilometre | +8.7% |
| 2005 | 10,288 TDS, current US$ per square kilometre | +405.9% |
| 2006 | 7,769 TDS, current US$ per square kilometre | -24.5% |
| 2007 | 1,825 TDS, current US$ per square kilometre | -76.5% |
| 2008 | 882.15 TDS, current US$ per square kilometre | -51.7% |
| 2009 | 711.06 TDS, current US$ per square kilometre | -19.4% |
| 2010 | 658.22 TDS, current US$ per square kilometre | -7.4% |
| 2011 | 768.07 TDS, current US$ per square kilometre | +16.7% |
| 2012 | 930.7 TDS, current US$ per square kilometre | +21.2% |
| 2013 | 1,152 TDS, current US$ per square kilometre | +23.8% |
| 2014 | 2,598 TDS, current US$ per square kilometre | +125.5% |
| 2015 | 2,626 TDS, current US$ per square kilometre | +1.1% |
| 2016 | 5,581 TDS, current US$ per square kilometre | +112.5% |
| 2017 | 4,253 TDS, current US$ per square kilometre | -23.8% |
| 2018 | 6,323 TDS, current US$ per square kilometre | +48.7% |
| 2019 | 7,329 TDS, current US$ per square kilometre | +15.9% |
| 2020 | 5,986 TDS, current US$ per square kilometre | -18.3% |
| 2021 | 8,753 TDS, current US$ per square kilometre | +46.2% |
| 2022 | 9,352 TDS, current US$ per square kilometre | +6.8% |
| 2023 | 10,597 TDS, current US$ per square kilometre | +13.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 225.62 TDS, current US$ per square kilometre | 103.72 TDS, current US$ per square kilometre | 439.49 TDS, current US$ per square kilometre | 10 |
| 1980s | 2,589 TDS, current US$ per square kilometre | 1,215 TDS, current US$ per square kilometre | 4,863 TDS, current US$ per square kilometre | 10 |
| 1990s | 2,189 TDS, current US$ per square kilometre | 1,177 TDS, current US$ per square kilometre | 3,662 TDS, current US$ per square kilometre | 10 |
| 2000s | 3,203 TDS, current US$ per square kilometre | 711.06 TDS, current US$ per square kilometre | 10,288 TDS, current US$ per square kilometre | 10 |
| 2010s | 3,222 TDS, current US$ per square kilometre | 658.22 TDS, current US$ per square kilometre | 7,329 TDS, current US$ per square kilometre | 10 |
| 2020s | 8,672 TDS, current US$ per square kilometre | 5,986 TDS, current US$ per square kilometre | 10,597 TDS, current US$ per square kilometre | 4 |
Countries ranked near Nigeria
- 56 Senegal 12,098 TDS, current US$ per square kilometre compare
- 57 Fiji 11,967 TDS, current US$ per square kilometre compare
- 58 Côte d'Ivoire 11,420 TDS, current US$ per square kilometre compare
- 60 Eswatini 10,515 TDS, current US$ per square kilometre compare
- 61 Peru 10,384 TDS, current US$ per square kilometre compare
- 62 Iraq 10,345 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, total (tds, current us$), per square in Nigeria?
- Debt service on external debt, total (tds, current us$), per square in Nigeria was 10,597 TDS, current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest debt service on external debt, total (tds, current us$), per square recorded in Nigeria?
- The highest recorded value was 10,597 TDS, current US$ per square kilometre in 2023.
- What is the lowest debt service on external debt, total (tds, current us$), per square recorded in Nigeria?
- The lowest recorded value was 103.72 TDS, current US$ per square kilometre in 1971.
- How does Nigeria rank for debt service on external debt, total (tds, current us$), per square?
- Nigeria ranks 59th out of 120 countries with data for 2023.
- Is debt service on external debt, total (tds, current us$), per square rising or falling in Nigeria?
- Over the last ten years it is up 819.6%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Debt service on external debt, total (TDS, current US$) 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, total (TDS, current US$) ÷ Land area (sq. km)
Computed from
- Debt service on external debt, total International Debt Statistics, World Bank (WB)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Debt service on external debt, total (TDS, current US$) 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.