External debt stocks, long-term (DOD, current US$), annual growth rate in Nigeria
Nigeria: External debt stocks, long-term (DOD, current US$), annual growth rate was 5.47 % change on previous year in 2024. ◆ Volatile
External debt stocks, long-term (DOD, current US$), annual growth rate in Nigeria, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded 5.47 % change on previous year for external debt stocks, long-term (dod, current us$), annual growth rate in 2024.
Compared with earlier readings it is up 18.3% on the previous year and down 80.5% over ten years.
Over the whole period, external debt stocks, long-term (dod, current us$), annual growth rate in Nigeria peaked at 168.42 % change on previous year in 1978 and was at its lowest, -58.3 % change on previous year, in 2006.
Nigeria ranks 32nd of 121 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, long-term (DOD, current US$), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 14.82 % change on previous year | — |
| 1972 | 12.39 % change on previous year | -16.4% |
| 1973 | 64.63 % change on previous year | +421.5% |
| 1974 | 5.73 % change on previous year | -91.1% |
| 1975 | -10.24 % change on previous year | -278.6% |
| 1976 | -20.74 % change on previous year | +102.6% |
| 1977 | 8.72 % change on previous year | -142.1% |
| 1978 | 168.42 % change on previous year | +1830.6% |
| 1979 | 49.79 % change on previous year | -70.4% |
| 1980 | 35.93 % change on previous year | -27.8% |
| 1981 | 30.33 % change on previous year | -15.6% |
| 1982 | 34.76 % change on previous year | +14.6% |
| 1983 | 32.36 % change on previous year | -6.9% |
| 1984 | -3.83 % change on previous year | -111.8% |
| 1985 | 13.47 % change on previous year | -452.0% |
| 1986 | 35.67 % change on previous year | +164.8% |
| 1987 | 48.14 % change on previous year | +34.9% |
| 1988 | 2.26 % change on previous year | -95.3% |
| 1989 | 5.63 % change on previous year | +149.3% |
| 1990 | 7.68 % change on previous year | +36.4% |
| 1991 | 2.3 % change on previous year | -70.1% |
| 1992 | -17.94 % change on previous year | -881.4% |
| 1993 | -0.2503 % change on previous year | -98.6% |
| 1994 | 5.7 % change on previous year | -2376.6% |
| 1995 | 0.6276 % change on previous year | -89.0% |
| 1996 | -9.51 % change on previous year | -1615.1% |
| 1997 | -10.88 % change on previous year | +14.4% |
| 1998 | 3.53 % change on previous year | -132.5% |
| 1999 | -4.7 % change on previous year | -233.1% |
| 2000 | 42.23 % change on previous year | -998.0% |
| 2001 | 2.94 % change on previous year | -93.0% |
| 2002 | 3.5 % change on previous year | +19.0% |
| 2003 | 11.6 % change on previous year | +231.4% |
| 2004 | 5.61 % change on previous year | -51.6% |
| 2005 | -30.93 % change on previous year | -651.3% |
| 2006 | -58.3 % change on previous year | +88.5% |
| 2007 | 9.71 % change on previous year | -116.7% |
| 2008 | 9.51 % change on previous year | -2.1% |
| 2009 | 2.57 % change on previous year | -73.0% |
| 2010 | 19.4 % change on previous year | +655.8% |
| 2011 | 17.84 % change on previous year | -8.1% |
| 2012 | 5 % change on previous year | -71.9% |
| 2013 | 16.46 % change on previous year | +229.1% |
| 2014 | 28.04 % change on previous year | +70.3% |
| 2015 | 7.13 % change on previous year | -74.6% |
| 2016 | 3.24 % change on previous year | -54.5% |
| 2017 | 29.55 % change on previous year | +810.6% |
| 2018 | 17.73 % change on previous year | -40.0% |
| 2019 | 9.11 % change on previous year | -48.6% |
| 2020 | 8.68 % change on previous year | -4.6% |
| 2021 | 8.52 % change on previous year | -1.9% |
| 2022 | 6.31 % change on previous year | -26.0% |
| 2023 | 4.62 % change on previous year | -26.7% |
| 2024 | 5.47 % change on previous year | +18.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.61 % change on previous year | -20.74 % change on previous year | 168.42 % change on previous year | 9 |
| 1980s | 23.47 % change on previous year | -3.83 % change on previous year | 48.14 % change on previous year | 10 |
| 1990s | -2.34 % change on previous year | -17.94 % change on previous year | 7.68 % change on previous year | 10 |
| 2000s | -0.1569 % change on previous year | -58.3 % change on previous year | 42.23 % change on previous year | 10 |
| 2010s | 15.35 % change on previous year | 3.24 % change on previous year | 29.55 % change on previous year | 10 |
| 2020s | 6.72 % change on previous year | 4.62 % change on previous year | 8.68 % change on previous year | 5 |
Countries ranked near Nigeria
- 29 Madagascar 6 % change on previous year compare
- 30 Guatemala 5.83 % change on previous year compare
- 31 Senegal 5.76 % change on previous year compare
- 33 Colombia 4.57 % change on previous year compare
- 34 Malawi 4.45 % change on previous year compare
- 35 Bangladesh 4.41 % change on previous year 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 external debt stocks, long-term (dod, current us$), annual growth rate in Nigeria?
- External debt stocks, long-term (dod, current us$), annual growth rate in Nigeria was 5.47 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external debt stocks, long-term (dod, current us$), annual growth rate recorded in Nigeria?
- The highest recorded value was 168.42 % change on previous year in 1978.
- What is the lowest external debt stocks, long-term (dod, current us$), annual growth rate recorded in Nigeria?
- The lowest recorded value was -58.3 % change on previous year in 2006.
- How does Nigeria rank for external debt stocks, long-term (dod, current us$), annual growth rate?
- Nigeria ranks 32nd out of 121 countries with data for 2024.
- Is external debt stocks, long-term (dod, current us$), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is down 80.5%. 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 External debt stocks, long-term (DOD, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in External debt stocks, long-term (DOD, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External debt stocks, long-term International Debt Statistics, World Bank (WB)
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
The year-on-year percentage change in External debt stocks, long-term (DOD, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.