Debt service, reduction in arrears/prepayments in Nigeria
Nigeria: Debt service, reduction in arrears/prepayments was 0 current US$ in 2008. ◆ Volatile
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$, in 1970.
That places Nigeria 6th out of 48 countries with data for 2008, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 current US$ | 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$ compare
- 6 Benin 0 current US$ compare
- 6 Botswana 0 current US$ compare
- 6 Burkina Faso 0 current US$ compare
- 6 Burundi 0 current US$ compare
- 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$ compare
- 6 Gabon 0 current US$ compare
- 6 Gambia 0 current US$ compare
- 6 Ghana 0 current US$ compare
- 6 Kenya 0 current US$ compare
- 6 Lesotho 0 current US$ compare
- 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$ compare
- 6 Morocco 0 current US$ compare
- 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$ compare
- 6 Eswatini 0 current US$ compare
- 6 Tanzania 0 current US$ compare
- 6 Togo 0 current US$ compare
- 6 Tunisia 0 current US$ compare
- 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)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
- Use of IMF credit 6.05 billion DOD, current US$ (2024)
- External debt stocks, public and publicly guaranteed (PPG) 50.19 billion DOD, current US$ (2024)
- IBRD loans and IDA credits 17.84 billion DOD, current US$ (2024)
- Net financial flows, bilateral 112.67 million NFL, current US$ (2024)
- Net financial flows, multilateral 3.19 billion NFL, current US$ (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.