External debt stocks, long-term (DOD, current US$), per unit of GDP in Nigeria
Nigeria: External debt stocks, long-term (DOD, current US$), per unit of GDP was 0.319 DOD, current US$ per US$ of GDP in 2024. ◆ Volatile
External debt stocks, long-term (DOD, current US$), per unit of GDP in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in DOD, current US$ per US$ of GDP.
Analysis
In 2024, external debt stocks, long-term (dod, current us$), per unit of gdp in Nigeria stood at 0.319 DOD, current US$ per US$ of GDP.
Compared with earlier readings it is up 103.8% on the previous year and up 479.6% over ten years.
Over the whole period, external debt stocks, long-term (dod, current us$), per unit of gdp in Nigeria peaked at 0.674 DOD, current US$ per US$ of GDP in 1989 and was at its lowest, 0.025 DOD, current US$ per US$ of GDP, in 1976.
That places Nigeria 63rd 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.
External debt stocks, long-term (DOD, current US$), per unit of GDP in Nigeria, year by year
| Year | DOD, current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0452 DOD, current US$ per US$ of GDP | — |
| 1971 | 0.0709 DOD, current US$ per US$ of GDP | +56.9% |
| 1972 | 0.0596 DOD, current US$ per US$ of GDP | -15.9% |
| 1973 | 0.0795 DOD, current US$ per US$ of GDP | +33.3% |
| 1974 | 0.0513 DOD, current US$ per US$ of GDP | -35.5% |
| 1975 | 0.0412 DOD, current US$ per US$ of GDP | -19.7% |
| 1976 | 0.025 DOD, current US$ per US$ of GDP | -39.4% |
| 1977 | 0.0273 DOD, current US$ per US$ of GDP | +9.5% |
| 1978 | 0.0724 DOD, current US$ per US$ of GDP | +164.8% |
| 1979 | 0.0838 DOD, current US$ per US$ of GDP | +15.8% |
| 1980 | 0.0839 DOD, current US$ per US$ of GDP | +0.1% |
| 1981 | 0.0427 DOD, current US$ per US$ of GDP | -49.1% |
| 1982 | 0.0662 DOD, current US$ per US$ of GDP | +55.2% |
| 1983 | 0.1289 DOD, current US$ per US$ of GDP | +94.6% |
| 1984 | 0.1638 DOD, current US$ per US$ of GDP | +27.1% |
| 1985 | 0.1852 DOD, current US$ per US$ of GDP | +13.1% |
| 1986 | 0.3382 DOD, current US$ per US$ of GDP | +82.6% |
| 1987 | 0.5212 DOD, current US$ per US$ of GDP | +54.1% |
| 1988 | 0.5655 DOD, current US$ per US$ of GDP | +8.5% |
| 1989 | 0.674 DOD, current US$ per US$ of GDP | +19.2% |
| 1990 | 0.591 DOD, current US$ per US$ of GDP | -12.3% |
| 1991 | 0.5488 DOD, current US$ per US$ of GDP | -7.1% |
| 1992 | 0.515 DOD, current US$ per US$ of GDP | -6.2% |
| 1993 | 0.4715 DOD, current US$ per US$ of GDP | -8.5% |
| 1994 | 0.3516 DOD, current US$ per US$ of GDP | -25.4% |
| 1995 | 0.2018 DOD, current US$ per US$ of GDP | -42.6% |
| 1996 | 0.1386 DOD, current US$ per US$ of GDP | -31.3% |
| 1997 | 0.1142 DOD, current US$ per US$ of GDP | -17.6% |
| 1998 | 0.1087 DOD, current US$ per US$ of GDP | -4.8% |
| 1999 | 0.3827 DOD, current US$ per US$ of GDP | +251.9% |
| 2000 | 0.4654 DOD, current US$ per US$ of GDP | +21.6% |
| 2001 | 0.4505 DOD, current US$ per US$ of GDP | -3.2% |
| 2002 | 0.3608 DOD, current US$ per US$ of GDP | -19.9% |
| 2003 | 0.3654 DOD, current US$ per US$ of GDP | +1.3% |
| 2004 | 0.2977 DOD, current US$ per US$ of GDP | -18.5% |
| 2005 | 0.1589 DOD, current US$ per US$ of GDP | -46.6% |
| 2006 | 0.0488 DOD, current US$ per US$ of GDP | -69.3% |
| 2007 | 0.0459 DOD, current US$ per US$ of GDP | -6.0% |
| 2008 | 0.0412 DOD, current US$ per US$ of GDP | -10.2% |
| 2009 | 0.0486 DOD, current US$ per US$ of GDP | +18.0% |
| 2010 | 0.0467 DOD, current US$ per US$ of GDP | -4.0% |
| 2011 | 0.0487 DOD, current US$ per US$ of GDP | +4.3% |
| 2012 | 0.0457 DOD, current US$ per US$ of GDP | -6.2% |
| 2013 | 0.0475 DOD, current US$ per US$ of GDP | +3.9% |
| 2014 | 0.055 DOD, current US$ per US$ of GDP | +16.0% |
| 2015 | 0.0687 DOD, current US$ per US$ of GDP | +24.8% |
| 2016 | 0.0864 DOD, current US$ per US$ of GDP | +25.8% |
| 2017 | 0.1205 DOD, current US$ per US$ of GDP | +39.5% |
| 2018 | 0.1264 DOD, current US$ per US$ of GDP | +4.9% |
| 2019 | 0.087 DOD, current US$ per US$ of GDP | -31.1% |
| 2020 | 0.1056 DOD, current US$ per US$ of GDP | +21.3% |
| 2021 | 0.1126 DOD, current US$ per US$ of GDP | +6.6% |
| 2022 | 0.1127 DOD, current US$ per US$ of GDP | +0.1% |
| 2023 | 0.1566 DOD, current US$ per US$ of GDP | +38.9% |
| 2024 | 0.319 DOD, current US$ per US$ of GDP | +103.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0556 DOD, current US$ per US$ of GDP | 0.025 DOD, current US$ per US$ of GDP | 0.0838 DOD, current US$ per US$ of GDP | 10 |
| 1980s | 0.277 DOD, current US$ per US$ of GDP | 0.0427 DOD, current US$ per US$ of GDP | 0.674 DOD, current US$ per US$ of GDP | 10 |
| 1990s | 0.3424 DOD, current US$ per US$ of GDP | 0.1087 DOD, current US$ per US$ of GDP | 0.591 DOD, current US$ per US$ of GDP | 10 |
| 2000s | 0.2283 DOD, current US$ per US$ of GDP | 0.0412 DOD, current US$ per US$ of GDP | 0.4654 DOD, current US$ per US$ of GDP | 10 |
| 2010s | 0.0733 DOD, current US$ per US$ of GDP | 0.0457 DOD, current US$ per US$ of GDP | 0.1264 DOD, current US$ per US$ of GDP | 10 |
| 2020s | 0.1613 DOD, current US$ per US$ of GDP | 0.1056 DOD, current US$ per US$ of GDP | 0.319 DOD, current US$ per US$ of GDP | 5 |
Countries ranked near Nigeria
- 60 Togo 0.3262 DOD, current US$ per US$ of GDP compare
- 61 Liberia 0.3252 DOD, current US$ per US$ of GDP compare
- 62 Solomon Islands 0.3247 DOD, current US$ per US$ of GDP compare
- 64 Honduras 0.3098 DOD, current US$ per US$ of GDP compare
- 65 Sao Tome and Principe 0.3085 DOD, current US$ per US$ of GDP compare
- 66 South Africa 0.3027 DOD, 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 external debt stocks, long-term (dod, current us$), per unit of gdp in Nigeria?
- External debt stocks, long-term (dod, current us$), per unit of gdp in Nigeria was 0.319 DOD, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest external debt stocks, long-term (dod, current us$), per unit of gdp recorded in Nigeria?
- The highest recorded value was 0.674 DOD, current US$ per US$ of GDP in 1989.
- What is the lowest external debt stocks, long-term (dod, current us$), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.025 DOD, current US$ per US$ of GDP in 1976.
- How does Nigeria rank for external debt stocks, long-term (dod, current us$), per unit of gdp?
- Nigeria ranks 63rd out of 121 countries with data for 2024.
- Is external debt stocks, long-term (dod, current us$), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 479.6%. 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 External debt stocks, long-term (DOD, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
External debt stocks, long-term (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
External debt stocks, long-term (DOD, current US$) ÷ GDP (current US$)
Computed from
- External debt stocks, long-term International Debt Statistics, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
External debt stocks, long-term (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.