Debt service on external debt, total (TDS, current US$), per unit of in Nigeria
Nigeria: Debt service on external debt, total (TDS, current US$), per unit of was 0.0533 TDS, current US$ per US$ of GDP in 2024. ◆ Volatile
Debt service on external debt, total (TDS, current US$), per unit of in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in TDS, current US$ per US$ of GDP.
Analysis
The most recent figure for debt service on external debt, total (tds, current us$), per unit of in Nigeria is 0.0533 TDS, current US$ per US$ of GDP, measured in 2024.
Compared with earlier readings it is up 169.4% on the previous year and up 1,194.6% over ten years.
Over the whole period, debt service on external debt, total (tds, current us$), per unit of in Nigeria peaked at 0.0617 TDS, current US$ per US$ of GDP in 1990 and was at its lowest, 0.0016 TDS, current US$ per US$ of GDP, in 2010.
That places Nigeria 45th out of 121 countries with data for 2024, 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$), per unit of in Nigeria, year by year
| Year | TDS, current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0076 TDS, current US$ per US$ of GDP | — |
| 1971 | 0.0103 TDS, current US$ per US$ of GDP | +35.1% |
| 1972 | 0.0078 TDS, current US$ per US$ of GDP | -24.6% |
| 1973 | 0.0151 TDS, current US$ per US$ of GDP | +94.3% |
| 1974 | 0.0077 TDS, current US$ per US$ of GDP | -48.8% |
| 1975 | 0.0097 TDS, current US$ per US$ of GDP | +25.7% |
| 1976 | 0.011 TDS, current US$ per US$ of GDP | +13.5% |
| 1977 | 0.0038 TDS, current US$ per US$ of GDP | -65.2% |
| 1978 | 0.0041 TDS, current US$ per US$ of GDP | +6.3% |
| 1979 | 0.0083 TDS, current US$ per US$ of GDP | +103.4% |
| 1980 | 0.0179 TDS, current US$ per US$ of GDP | +116.2% |
| 1981 | 0.0109 TDS, current US$ per US$ of GDP | -39.3% |
| 1982 | 0.0146 TDS, current US$ per US$ of GDP | +34.5% |
| 1983 | 0.0264 TDS, current US$ per US$ of GDP | +80.5% |
| 1984 | 0.0554 TDS, current US$ per US$ of GDP | +109.5% |
| 1985 | 0.0601 TDS, current US$ per US$ of GDP | +8.5% |
| 1986 | 0.0374 TDS, current US$ per US$ of GDP | -37.7% |
| 1987 | 0.021 TDS, current US$ per US$ of GDP | -43.9% |
| 1988 | 0.0445 TDS, current US$ per US$ of GDP | +112.0% |
| 1989 | 0.0481 TDS, current US$ per US$ of GDP | +8.1% |
| 1990 | 0.0617 TDS, current US$ per US$ of GDP | +28.3% |
| 1991 | 0.0495 TDS, current US$ per US$ of GDP | -19.9% |
| 1992 | 0.0464 TDS, current US$ per US$ of GDP | -6.2% |
| 1993 | 0.0263 TDS, current US$ per US$ of GDP | -43.3% |
| 1994 | 0.0233 TDS, current US$ per US$ of GDP | -11.4% |
| 1995 | 0.013 TDS, current US$ per US$ of GDP | -44.1% |
| 1996 | 0.012 TDS, current US$ per US$ of GDP | -7.7% |
| 1997 | 0.007 TDS, current US$ per US$ of GDP | -41.3% |
| 1998 | 0.0061 TDS, current US$ per US$ of GDP | -13.5% |
| 1999 | 0.0181 TDS, current US$ per US$ of GDP | +197.2% |
| 2000 | 0.0276 TDS, current US$ per US$ of GDP | +52.5% |
| 2001 | 0.0354 TDS, current US$ per US$ of GDP | +28.2% |
| 2002 | 0.0162 TDS, current US$ per US$ of GDP | -54.3% |
| 2003 | 0.0163 TDS, current US$ per US$ of GDP | +0.5% |
| 2004 | 0.0136 TDS, current US$ per US$ of GDP | -16.1% |
| 2005 | 0.0533 TDS, current US$ per US$ of GDP | +291.0% |
| 2006 | 0.0297 TDS, current US$ per US$ of GDP | -44.4% |
| 2007 | 0.006 TDS, current US$ per US$ of GDP | -79.9% |
| 2008 | 0.0024 TDS, current US$ per US$ of GDP | -60.4% |
| 2009 | 0.0022 TDS, current US$ per US$ of GDP | -7.2% |
| 2010 | 0.0016 TDS, current US$ per US$ of GDP | -25.6% |
| 2011 | 0.0017 TDS, current US$ per US$ of GDP | +3.3% |
| 2012 | 0.0018 TDS, current US$ per US$ of GDP | +8.2% |
| 2013 | 0.002 TDS, current US$ per US$ of GDP | +10.4% |
| 2014 | 0.0041 TDS, current US$ per US$ of GDP | +104.2% |
| 2015 | 0.0049 TDS, current US$ per US$ of GDP | +17.7% |
| 2016 | 0.0126 TDS, current US$ per US$ of GDP | +159.0% |
| 2017 | 0.0103 TDS, current US$ per US$ of GDP | -17.9% |
| 2018 | 0.0137 TDS, current US$ per US$ of GDP | +32.5% |
| 2019 | 0.01 TDS, current US$ per US$ of GDP | -26.9% |
| 2020 | 0.0091 TDS, current US$ per US$ of GDP | -8.8% |
| 2021 | 0.0131 TDS, current US$ per US$ of GDP | +43.7% |
| 2022 | 0.0132 TDS, current US$ per US$ of GDP | +0.6% |
| 2023 | 0.0198 TDS, current US$ per US$ of GDP | +50.4% |
| 2024 | 0.0533 TDS, current US$ per US$ of GDP | +169.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0085 TDS, current US$ per US$ of GDP | 0.0038 TDS, current US$ per US$ of GDP | 0.0151 TDS, current US$ per US$ of GDP | 10 |
| 1980s | 0.0336 TDS, current US$ per US$ of GDP | 0.0109 TDS, current US$ per US$ of GDP | 0.0601 TDS, current US$ per US$ of GDP | 10 |
| 1990s | 0.0263 TDS, current US$ per US$ of GDP | 0.0061 TDS, current US$ per US$ of GDP | 0.0617 TDS, current US$ per US$ of GDP | 10 |
| 2000s | 0.0203 TDS, current US$ per US$ of GDP | 0.0022 TDS, current US$ per US$ of GDP | 0.0533 TDS, current US$ per US$ of GDP | 10 |
| 2010s | 0.0063 TDS, current US$ per US$ of GDP | 0.0016 TDS, current US$ per US$ of GDP | 0.0137 TDS, current US$ per US$ of GDP | 10 |
| 2020s | 0.0217 TDS, current US$ per US$ of GDP | 0.0091 TDS, current US$ per US$ of GDP | 0.0533 TDS, current US$ per US$ of GDP | 5 |
Countries ranked near Nigeria
- 42 Indonesia 0.055 TDS, current US$ per US$ of GDP compare
- 43 Ukraine 0.0541 TDS, current US$ per US$ of GDP compare
- 44 Gabon 0.0538 TDS, current US$ per US$ of GDP compare
- 46 Benin 0.0533 TDS, current US$ per US$ of GDP compare
- 47 Dominican Republic 0.0532 TDS, current US$ per US$ of GDP compare
- 48 Brazil 0.0522 TDS, current US$ per US$ of GDP 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$), per unit of in Nigeria?
- Debt service on external debt, total (tds, current us$), per unit of in Nigeria was 0.0533 TDS, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest debt service on external debt, total (tds, current us$), per unit of recorded in Nigeria?
- The highest recorded value was 0.0617 TDS, current US$ per US$ of GDP in 1990.
- What is the lowest debt service on external debt, total (tds, current us$), per unit of recorded in Nigeria?
- The lowest recorded value was 0.0016 TDS, current US$ per US$ of GDP in 2010.
- How does Nigeria rank for debt service on external debt, total (tds, current us$), per unit of?
- Nigeria ranks 45th out of 121 countries with data for 2024.
- Is debt service on external debt, total (tds, current us$), per unit of rising or falling in Nigeria?
- Over the last ten years it is up 1,194.6%. 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Debt service on external debt, total (TDS, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Debt service on external debt, total (TDS, current US$) ÷ GDP (current US$)
Computed from
- Debt service on external debt, total International Debt Statistics, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Debt service on external debt, total (TDS, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.