External debt stocks, long-term in Nigeria
Nigeria: External debt stocks, long-term was 80.48 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
80.48 billion DOD, current US$
Change on year
up 5.5%
World rank
19th
of 122 countries
All-time high
80.48 billion DOD, current US$
in 2024
All-time low
567.08 million DOD, current US$
in 1970
Years of data
55
1970–2024
External debt stocks, long-term in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Nigeria recorded 80.48 billion DOD, current US$ for external debt stocks, long-term in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 5.5% on the previous year and up 154.7% over ten years.
Over the whole period, external debt stocks, long-term in Nigeria peaked at 80.48 billion DOD, current US$ in 2024 and was at its lowest, 567.08 million DOD, current US$, in 1970.
Nigeria ranks 19th of 122 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, long-term in Nigeria, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 567.08 million DOD, current US$ | — |
| 1971 | 651.11 million DOD, current US$ | +14.8% |
| 1972 | 731.81 million DOD, current US$ | +12.4% |
| 1973 | 1.20 billion DOD, current US$ | +64.6% |
| 1974 | 1.27 billion DOD, current US$ | +5.7% |
| 1975 | 1.14 billion DOD, current US$ | -10.2% |
| 1976 | 906.23 million DOD, current US$ | -20.7% |
| 1977 | 985.29 million DOD, current US$ | +8.7% |
| 1978 | 2.64 billion DOD, current US$ | +168.4% |
| 1979 | 3.96 billion DOD, current US$ | +49.8% |
| 1980 | 5.39 billion DOD, current US$ | +35.9% |
| 1981 | 7.02 billion DOD, current US$ | +30.3% |
| 1982 | 9.46 billion DOD, current US$ | +34.8% |
| 1983 | 12.52 billion DOD, current US$ | +32.4% |
| 1984 | 12.04 billion DOD, current US$ | -3.8% |
| 1985 | 13.66 billion DOD, current US$ | +13.5% |
| 1986 | 18.53 billion DOD, current US$ | +35.7% |
| 1987 | 27.46 billion DOD, current US$ | +48.1% |
| 1988 | 28.08 billion DOD, current US$ | +2.3% |
| 1989 | 29.66 billion DOD, current US$ | +5.6% |
| 1990 | 31.94 billion DOD, current US$ | +7.7% |
| 1991 | 32.67 billion DOD, current US$ | +2.3% |
| 1992 | 26.81 billion DOD, current US$ | -17.9% |
| 1993 | 26.74 billion DOD, current US$ | -0.3% |
| 1994 | 28.27 billion DOD, current US$ | +5.7% |
| 1995 | 28.44 billion DOD, current US$ | +0.6% |
| 1996 | 25.74 billion DOD, current US$ | -9.5% |
| 1997 | 22.94 billion DOD, current US$ | -10.9% |
| 1998 | 23.75 billion DOD, current US$ | +3.5% |
| 1999 | 22.63 billion DOD, current US$ | -4.7% |
| 2000 | 32.19 billion DOD, current US$ | +42.2% |
| 2001 | 33.14 billion DOD, current US$ | +2.9% |
| 2002 | 34.30 billion DOD, current US$ | +3.5% |
| 2003 | 38.27 billion DOD, current US$ | +11.6% |
| 2004 | 40.42 billion DOD, current US$ | +5.6% |
| 2005 | 27.92 billion DOD, current US$ | -30.9% |
| 2006 | 11.64 billion DOD, current US$ | -58.3% |
| 2007 | 12.77 billion DOD, current US$ | +9.7% |
| 2008 | 13.99 billion DOD, current US$ | +9.5% |
| 2009 | 14.35 billion DOD, current US$ | +2.6% |
| 2010 | 17.13 billion DOD, current US$ | +19.4% |
| 2011 | 20.18 billion DOD, current US$ | +17.8% |
| 2012 | 21.19 billion DOD, current US$ | +5.0% |
| 2013 | 24.68 billion DOD, current US$ | +16.5% |
| 2014 | 31.60 billion DOD, current US$ | +28.0% |
| 2015 | 33.86 billion DOD, current US$ | +7.1% |
| 2016 | 34.96 billion DOD, current US$ | +3.2% |
| 2017 | 45.28 billion DOD, current US$ | +29.5% |
| 2018 | 53.31 billion DOD, current US$ | +17.7% |
| 2019 | 58.17 billion DOD, current US$ | +9.1% |
| 2020 | 63.22 billion DOD, current US$ | +8.7% |
| 2021 | 68.61 billion DOD, current US$ | +8.5% |
| 2022 | 72.94 billion DOD, current US$ | +6.3% |
| 2023 | 76.31 billion DOD, current US$ | +4.6% |
| 2024 | 80.48 billion DOD, current US$ | +5.5% |
Nigeria compared with similar countries
- Nigeria's 80.48 billion DOD, current US$ is above the median for lower middle income countries, which is 11.71 billion DOD, current US$, 6.9× the median. (43 countries reporting)
- Nigeria's 80.48 billion DOD, current US$ is above the median for Sub-Saharan Africa, which is 5.45 billion DOD, current US$, 14.8× the median. (44 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, long-term in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | +168.4% | 985.29 million DOD, current US$ | 2.64 billion DOD, current US$ |
| 2006 | -58.3% | 27.92 billion DOD, current US$ | 11.64 billion DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.41 billion DOD, current US$ | 567.08 million DOD, current US$ | 3.96 billion DOD, current US$ | 10 |
| 1980s | 16.38 billion DOD, current US$ | 5.39 billion DOD, current US$ | 29.66 billion DOD, current US$ | 10 |
| 1990s | 26.99 billion DOD, current US$ | 22.63 billion DOD, current US$ | 32.67 billion DOD, current US$ | 10 |
| 2000s | 25.90 billion DOD, current US$ | 11.64 billion DOD, current US$ | 40.42 billion DOD, current US$ | 10 |
| 2010s | 34.04 billion DOD, current US$ | 17.13 billion DOD, current US$ | 58.17 billion DOD, current US$ | 10 |
| 2020s | 72.31 billion DOD, current US$ | 63.22 billion DOD, current US$ | 80.48 billion DOD, current US$ | 5 |
Countries ranked near Nigeria
- 16 Pakistan 107.79 billion DOD, current US$ compare
- 17 Vietnam 93.97 billion DOD, current US$ compare
- 18 Bangladesh 86.87 billion DOD, current US$ compare
- 20 Peru 80.33 billion DOD, current US$ compare
- 21 Mozambique 67.41 billion DOD, current US$ compare
- 22 Uzbekistan 63.35 billion DOD, 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 external debt stocks, long-term in Nigeria?
- External debt stocks, long-term in Nigeria was 80.48 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, long-term recorded in Nigeria?
- The highest recorded value was 80.48 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, long-term recorded in Nigeria?
- The lowest recorded value was 567.08 million DOD, current US$ in 1970.
- How does Nigeria rank for external debt stocks, long-term?
- Nigeria ranks 19th out of 122 countries with data for 2024.
- Is external debt stocks, long-term rising or falling in Nigeria?
- Over the last ten years it is up 154.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks, long-term (DOD, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Long-term debt is debt that has an original or extended maturity of more than one year. It has three components: public, publicly guaranteed, and private nonguaranteed debt. Data are in current U.S. dollars.