External debt stocks, public and publicly guaranteed (PPG) (DOD) in Nigeria
Nigeria: External debt stocks, public and publicly guaranteed (PPG) (DOD) was 0.199 DOD, current US$ per US$ of GDP in 2024. ◆ Volatile
External debt stocks, public and publicly guaranteed (PPG) (DOD) in Nigeria, 1970–2024
Source: Statizoid (derived). Measured in DOD, current US$ per US$ of GDP.
Analysis
The most recent figure for external debt stocks, public and publicly guaranteed (ppg) (dod) in Nigeria is 0.199 DOD, current US$ per US$ of GDP, measured in 2024.
That represents a change of up 120.2% on the previous year and up 1,081.9% over ten years.
Over the whole period, external debt stocks, public and publicly guaranteed (ppg) (dod) in Nigeria peaked at 0.6648 DOD, current US$ per US$ of GDP in 1989 and was at its lowest, 0.0115 DOD, current US$ per US$ of GDP, in 2008.
That places Nigeria 80th out of 122 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, public and publicly guaranteed (PPG) (DOD) in Nigeria, year by year
| Year | DOD, current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.036 DOD, current US$ per US$ of GDP | — |
| 1971 | 0.0592 DOD, current US$ per US$ of GDP | +64.2% |
| 1972 | 0.0527 DOD, current US$ per US$ of GDP | -10.9% |
| 1973 | 0.0737 DOD, current US$ per US$ of GDP | +39.8% |
| 1974 | 0.0475 DOD, current US$ per US$ of GDP | -35.5% |
| 1975 | 0.0379 DOD, current US$ per US$ of GDP | -20.3% |
| 1976 | 0.0221 DOD, current US$ per US$ of GDP | -41.6% |
| 1977 | 0.0237 DOD, current US$ per US$ of GDP | +7.3% |
| 1978 | 0.0632 DOD, current US$ per US$ of GDP | +166.3% |
| 1979 | 0.0688 DOD, current US$ per US$ of GDP | +8.9% |
| 1980 | 0.0668 DOD, current US$ per US$ of GDP | -3.0% |
| 1981 | 0.0345 DOD, current US$ per US$ of GDP | -48.4% |
| 1982 | 0.057 DOD, current US$ per US$ of GDP | +65.4% |
| 1983 | 0.1155 DOD, current US$ per US$ of GDP | +102.5% |
| 1984 | 0.1448 DOD, current US$ per US$ of GDP | +25.3% |
| 1985 | 0.166 DOD, current US$ per US$ of GDP | +14.7% |
| 1986 | 0.3272 DOD, current US$ per US$ of GDP | +97.1% |
| 1987 | 0.5108 DOD, current US$ per US$ of GDP | +56.1% |
| 1988 | 0.5547 DOD, current US$ per US$ of GDP | +8.6% |
| 1989 | 0.6648 DOD, current US$ per US$ of GDP | +19.8% |
| 1990 | 0.5838 DOD, current US$ per US$ of GDP | -12.2% |
| 1991 | 0.543 DOD, current US$ per US$ of GDP | -7.0% |
| 1992 | 0.5086 DOD, current US$ per US$ of GDP | -6.3% |
| 1993 | 0.4658 DOD, current US$ per US$ of GDP | -8.4% |
| 1994 | 0.3477 DOD, current US$ per US$ of GDP | -25.4% |
| 1995 | 0.1997 DOD, current US$ per US$ of GDP | -42.6% |
| 1996 | 0.137 DOD, current US$ per US$ of GDP | -31.4% |
| 1997 | 0.1127 DOD, current US$ per US$ of GDP | -17.7% |
| 1998 | 0.1074 DOD, current US$ per US$ of GDP | -4.7% |
| 1999 | 0.3784 DOD, current US$ per US$ of GDP | +252.3% |
| 2000 | 0.4343 DOD, current US$ per US$ of GDP | +14.8% |
| 2001 | 0.3975 DOD, current US$ per US$ of GDP | -8.5% |
| 2002 | 0.2954 DOD, current US$ per US$ of GDP | -25.7% |
| 2003 | 0.2988 DOD, current US$ per US$ of GDP | +1.1% |
| 2004 | 0.2398 DOD, current US$ per US$ of GDP | -19.8% |
| 2005 | 0.1153 DOD, current US$ per US$ of GDP | -51.9% |
| 2006 | 0.0161 DOD, current US$ per US$ of GDP | -86.1% |
| 2007 | 0.013 DOD, current US$ per US$ of GDP | -19.1% |
| 2008 | 0.0115 DOD, current US$ per US$ of GDP | -11.5% |
| 2009 | 0.0143 DOD, current US$ per US$ of GDP | +24.5% |
| 2010 | 0.0128 DOD, current US$ per US$ of GDP | -10.8% |
| 2011 | 0.0143 DOD, current US$ per US$ of GDP | +12.2% |
| 2012 | 0.0144 DOD, current US$ per US$ of GDP | +0.5% |
| 2013 | 0.0159 DOD, current US$ per US$ of GDP | +10.6% |
| 2014 | 0.0168 DOD, current US$ per US$ of GDP | +5.7% |
| 2015 | 0.0217 DOD, current US$ per US$ of GDP | +28.6% |
| 2016 | 0.028 DOD, current US$ per US$ of GDP | +29.3% |
| 2017 | 0.0502 DOD, current US$ per US$ of GDP | +79.3% |
| 2018 | 0.0599 DOD, current US$ per US$ of GDP | +19.4% |
| 2019 | 0.0413 DOD, current US$ per US$ of GDP | -31.1% |
| 2020 | 0.0536 DOD, current US$ per US$ of GDP | +29.8% |
| 2021 | 0.0593 DOD, current US$ per US$ of GDP | +10.8% |
| 2022 | 0.0618 DOD, current US$ per US$ of GDP | +4.1% |
| 2023 | 0.0904 DOD, current US$ per US$ of GDP | +46.2% |
| 2024 | 0.199 DOD, current US$ per US$ of GDP | +120.2% |
Nigeria compared with similar countries
- Nigeria's 0.199 DOD, current US$ per US$ of GDP is below the median for lower middle income countries, which is 0.2719 DOD, current US$ per US$ of GDP, 73% of the median. (43 countries reporting)
- Nigeria's 0.199 DOD, current US$ per US$ of GDP is below the median for Sub-Saharan Africa, which is 0.2656 DOD, current US$ per US$ of GDP, 75% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, public and publicly guaranteed (PPG) (DOD) 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 |
|---|---|---|---|
| 1999 | +252.3% | 0.1074 DOD, current US$ per US$ of GDP | 0.3784 DOD, current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0485 DOD, current US$ per US$ of GDP | 0.0221 DOD, current US$ per US$ of GDP | 0.0737 DOD, current US$ per US$ of GDP | 10 |
| 1980s | 0.2642 DOD, current US$ per US$ of GDP | 0.0345 DOD, current US$ per US$ of GDP | 0.6648 DOD, current US$ per US$ of GDP | 10 |
| 1990s | 0.3384 DOD, current US$ per US$ of GDP | 0.1074 DOD, current US$ per US$ of GDP | 0.5838 DOD, current US$ per US$ of GDP | 10 |
| 2000s | 0.1836 DOD, current US$ per US$ of GDP | 0.0115 DOD, current US$ per US$ of GDP | 0.4343 DOD, current US$ per US$ of GDP | 10 |
| 2010s | 0.0275 DOD, current US$ per US$ of GDP | 0.0128 DOD, current US$ per US$ of GDP | 0.0599 DOD, current US$ per US$ of GDP | 10 |
| 2020s | 0.0928 DOD, current US$ per US$ of GDP | 0.0536 DOD, current US$ per US$ of GDP | 0.199 DOD, current US$ per US$ of GDP | 5 |
Countries ranked near Nigeria
- 77 Nepal 0.2049 DOD, current US$ per US$ of GDP compare
- 78 Comoros 0.2012 DOD, current US$ per US$ of GDP compare
- 79 Tonga 0.1998 DOD, current US$ per US$ of GDP compare
- 81 Burundi 0.1979 DOD, current US$ per US$ of GDP compare
- 82 Sierra Leone 0.1885 DOD, current US$ per US$ of GDP compare
- 83 Albania 0.188 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, public and publicly guaranteed (ppg) (dod) in Nigeria?
- External debt stocks, public and publicly guaranteed (ppg) (dod) in Nigeria was 0.199 DOD, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest external debt stocks, public and publicly guaranteed (ppg) (dod) recorded in Nigeria?
- The highest recorded value was 0.6648 DOD, current US$ per US$ of GDP in 1989.
- What is the lowest external debt stocks, public and publicly guaranteed (ppg) (dod) recorded in Nigeria?
- The lowest recorded value was 0.0115 DOD, current US$ per US$ of GDP in 2008.
- How does Nigeria rank for external debt stocks, public and publicly guaranteed (ppg) (dod)?
- Nigeria ranks 80th out of 122 countries with data for 2024.
- Is external debt stocks, public and publicly guaranteed (ppg) (dod) rising or falling in Nigeria?
- Over the last ten years it is up 1,081.9%. 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, public and publicly guaranteed (PPG) (DOD, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) ÷ GDP (current US$)
Computed from
- External debt stocks, public and publicly guaranteed (PPG) International Debt Statistics, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.