Debt service, reduction in arrears/prepayments in Nigeria
Nigeria: Debt service, reduction in arrears/prepayments was 0 current US$ in 2008. ◆ Volatile
Latest (2008)
0 current US$
World rank
6th
of 48 countries
All-time high
6.61 billion current US$
in 1987
All-time low
0 current US$
in 1970
Years of data
39
1970–2008
Debt service, reduction in arrears/prepayments in Nigeria, 1970–2008
Source: World Bank, Global Development Finance. Measured in current US$.
Analysis
Nigeria recorded 0 current US$ for debt service, reduction in arrears/prepayments in 2008. That is the lowest value across all 39 years on record.
Over the whole period, debt service, reduction in arrears/prepayments in Nigeria peaked at 6.61 billion current US$ in 1987 and was at its lowest, 0 current US$, in 1970.
That places Nigeria 6th out of 48 countries with data for 2008, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service, reduction in arrears/prepayments in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 0 current US$ | — |
| 1971 | 0 current US$ | — |
| 1972 | 0 current US$ | — |
| 1973 | 0 current US$ | — |
| 1974 | 0 current US$ | — |
| 1975 | 0 current US$ | — |
| 1976 | 0 current US$ | — |
| 1977 | 0 current US$ | — |
| 1978 | 0 current US$ | — |
| 1979 | 0 current US$ | — |
| 1980 | 0 current US$ | — |
| 1981 | 0 current US$ | — |
| 1982 | 0 current US$ | — |
| 1983 | 0 current US$ | — |
| 1984 | 0 current US$ | — |
| 1985 | 1.33 billion current US$ | — |
| 1986 | 3.58 billion current US$ | +170.2% |
| 1987 | 6.61 billion current US$ | +84.4% |
| 1988 | 0 current US$ | -100.0% |
| 1989 | 5.22 billion current US$ | — |
| 1990 | 1.20 billion current US$ | -77.0% |
| 1991 | 989.00 million current US$ | -17.7% |
| 1992 | 800.00 million current US$ | -19.1% |
| 1993 | 229.62 million current US$ | -71.3% |
| 1994 | 113.00 million current US$ | -50.8% |
| 1995 | 215.00 million current US$ | +90.3% |
| 1996 | 480.00 million current US$ | +123.3% |
| 1997 | 498.00 million current US$ | +3.8% |
| 1998 | 0 current US$ | -100.0% |
| 1999 | 0 current US$ | — |
| 2000 | 0 current US$ | — |
| 2001 | 0 current US$ | — |
| 2002 | 0 current US$ | — |
| 2003 | 0 current US$ | — |
| 2004 | 0 current US$ | — |
| 2005 | 0 current US$ | — |
| 2006 | 0 current US$ | — |
| 2007 | 0 current US$ | — |
| 2008 | 0 current US$ | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 current US$ | 0 current US$ | 0 current US$ | 10 |
| 1980s | 1.67 billion current US$ | 0 current US$ | 6.61 billion current US$ | 10 |
| 1990s | 452.56 million current US$ | 0 current US$ | 1.20 billion current US$ | 10 |
| 2000s | 0 current US$ | 0 current US$ | 0 current US$ | 9 |
Countries ranked near Nigeria
- 3 Seychelles 7.92 million current US$ compare
- 4 Guinea-Bissau 5.64 million current US$ compare
- 5 Uganda 4.70 million current US$ compare
- 6 Algeria 0 current US$
- 6 Benin 0 current US$ compare
- 6 Botswana 0 current US$
- 6 Burkina Faso 0 current US$ compare
- 6 Burundi 0 current US$
- 6 Cameroon 0 current US$ compare
- 6 Cape Verde 0 current US$ compare
- 6 Chad 0 current US$ compare
- 6 Comoros 0 current US$ compare
- 6 Democratic Republic of Congo 0 current US$ compare
- 6 Cote d'Ivoire 0 current US$ compare
- 6 Egypt 0 current US$ compare
- 6 Equatorial Guinea 0 current US$ compare
- 6 Eritrea 0 current US$
- 6 Gabon 0 current US$ compare
- 6 Gambia 0 current US$
- 6 Ghana 0 current US$ compare
- 6 Kenya 0 current US$ compare
- 6 Lesotho 0 current US$
- 6 Liberia 0 current US$ compare
- 6 Madagascar 0 current US$ compare
- 6 Malawi 0 current US$ compare
- 6 Mali 0 current US$ compare
- 6 Mauritania 0 current US$ compare
- 6 Mauritius 0 current US$
- 6 Morocco 0 current US$
- 6 Mozambique 0 current US$ compare
- 6 Niger 0 current US$ compare
- 6 Rwanda 0 current US$ compare
- 6 Sao Tome and Principe 0 current US$ compare
- 6 Senegal 0 current US$ compare
- 6 Sierra Leone 0 current US$ compare
- 6 South Africa 0 current US$
- 6 Eswatini 0 current US$
- 6 Tanzania 0 current US$ compare
- 6 Togo 0 current US$ compare
- 6 Tunisia 0 current US$
- 6 Zambia 0 current US$ compare
- 6 Zimbabwe 0 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, reduction in arrears/prepayments in Nigeria?
- Debt service, reduction in arrears/prepayments in Nigeria was 0 current US$ in 2008, according to World Bank, Global Development Finance.
- What is the highest debt service, reduction in arrears/prepayments recorded in Nigeria?
- The highest recorded value was 6.61 billion current US$ in 1987.
- What is the lowest debt service, reduction in arrears/prepayments recorded in Nigeria?
- The lowest recorded value was 0 current US$ in 1970.
- How does Nigeria rank for debt service, reduction in arrears/prepayments?
- Nigeria ranks 6th out of 48 countries with data for 2008.
- Where does this Nigeria data come from?
- The figures come from World Bank, Global Development Finance, published as part of Debt service, reduction in arrears/prepayments (current US$). Statizoid updates them automatically from the source API.
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About this data
Adjustment - debt service arrears reductions/prepayments (-), equals principal arrears reductions/prepayments plus interest arrears reductions. Data are denominated in U.S. dollars.