External debt stocks, public and publicly guaranteed (PPG) (DOD) in Nigeria
Nigeria: External debt stocks, public and publicly guaranteed (PPG) (DOD) was 50.19 billion DOD, current US$ in 2024. ◆ Volatile
External debt stocks, public and publicly guaranteed (PPG) in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
The most recent figure for external debt stocks, public and publicly guaranteed (ppg) in Nigeria is 50.19 billion DOD, current US$, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 14.0% on the previous year and up 419.2% over ten years.
Over the whole period, external debt stocks, public and publicly guaranteed (ppg) in Nigeria peaked at 50.19 billion DOD, current US$ in 2024 and was at its lowest, 452.08 million DOD, current US$, in 1970.
Nigeria ranks 16th of 123 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, public and publicly guaranteed (PPG) (DOD) in Nigeria, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 452.08 million DOD, current US$ | — |
| 1971 | 543.11 million DOD, current US$ | +20.1% |
| 1972 | 646.81 million DOD, current US$ | +19.1% |
| 1973 | 1.12 billion DOD, current US$ | +72.7% |
| 1974 | 1.18 billion DOD, current US$ | +5.7% |
| 1975 | 1.05 billion DOD, current US$ | -10.9% |
| 1976 | 803.23 million DOD, current US$ | -23.7% |
| 1977 | 855.29 million DOD, current US$ | +6.5% |
| 1978 | 2.31 billion DOD, current US$ | +169.9% |
| 1979 | 3.25 billion DOD, current US$ | +40.9% |
| 1980 | 4.29 billion DOD, current US$ | +31.8% |
| 1981 | 5.67 billion DOD, current US$ | +32.3% |
| 1982 | 8.14 billion DOD, current US$ | +43.6% |
| 1983 | 11.22 billion DOD, current US$ | +37.7% |
| 1984 | 10.64 billion DOD, current US$ | -5.2% |
| 1985 | 12.24 billion DOD, current US$ | +15.1% |
| 1986 | 17.93 billion DOD, current US$ | +46.5% |
| 1987 | 26.90 billion DOD, current US$ | +50.0% |
| 1988 | 27.54 billion DOD, current US$ | +2.4% |
| 1989 | 29.25 billion DOD, current US$ | +6.2% |
| 1990 | 31.54 billion DOD, current US$ | +7.8% |
| 1991 | 32.33 billion DOD, current US$ | +2.5% |
| 1992 | 26.48 billion DOD, current US$ | -18.1% |
| 1993 | 26.42 billion DOD, current US$ | -0.2% |
| 1994 | 27.95 billion DOD, current US$ | +5.8% |
| 1995 | 28.14 billion DOD, current US$ | +0.7% |
| 1996 | 25.44 billion DOD, current US$ | -9.6% |
| 1997 | 22.64 billion DOD, current US$ | -11.0% |
| 1998 | 23.46 billion DOD, current US$ | +3.6% |
| 1999 | 22.38 billion DOD, current US$ | -4.6% |
| 2000 | 30.04 billion DOD, current US$ | +34.2% |
| 2001 | 29.24 billion DOD, current US$ | -2.7% |
| 2002 | 28.08 billion DOD, current US$ | -4.0% |
| 2003 | 31.30 billion DOD, current US$ | +11.4% |
| 2004 | 32.55 billion DOD, current US$ | +4.0% |
| 2005 | 20.25 billion DOD, current US$ | -37.8% |
| 2006 | 3.83 billion DOD, current US$ | -81.1% |
| 2007 | 3.61 billion DOD, current US$ | -5.6% |
| 2008 | 3.90 billion DOD, current US$ | +8.0% |
| 2009 | 4.22 billion DOD, current US$ | +8.2% |
| 2010 | 4.69 billion DOD, current US$ | +11.0% |
| 2011 | 5.94 billion DOD, current US$ | +26.7% |
| 2012 | 6.68 billion DOD, current US$ | +12.5% |
| 2013 | 8.29 billion DOD, current US$ | +24.0% |
| 2014 | 9.67 billion DOD, current US$ | +16.7% |
| 2015 | 10.68 billion DOD, current US$ | +10.5% |
| 2016 | 11.33 billion DOD, current US$ | +6.1% |
| 2017 | 18.86 billion DOD, current US$ | +66.5% |
| 2018 | 25.28 billion DOD, current US$ | +34.0% |
| 2019 | 27.58 billion DOD, current US$ | +9.1% |
| 2020 | 32.06 billion DOD, current US$ | +16.2% |
| 2021 | 36.15 billion DOD, current US$ | +12.8% |
| 2022 | 39.98 billion DOD, current US$ | +10.6% |
| 2023 | 44.04 billion DOD, current US$ | +10.2% |
| 2024 | 50.19 billion DOD, current US$ | +14.0% |
Nigeria compared with similar countries
- Nigeria's 50.19 billion DOD, current US$ is above the median for lower middle income countries, which is 9.24 billion DOD, current US$, 5.4× the median. (43 countries reporting)
- Nigeria's 50.19 billion DOD, current US$ is above the median for Sub-Saharan Africa, which is 4.94 billion DOD, current US$, 10.2× the median. (44 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, public and publicly guaranteed (PPG) (DOD) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | +169.9% | 855.29 million DOD, current US$ | 2.31 billion DOD, current US$ |
| 2006 | -81.1% | 20.25 billion DOD, current US$ | 3.83 billion DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.22 billion DOD, current US$ | 452.08 million DOD, current US$ | 3.25 billion DOD, current US$ | 10 |
| 1980s | 15.38 billion DOD, current US$ | 4.29 billion DOD, current US$ | 29.25 billion DOD, current US$ | 10 |
| 1990s | 26.68 billion DOD, current US$ | 22.38 billion DOD, current US$ | 32.33 billion DOD, current US$ | 10 |
| 2000s | 18.70 billion DOD, current US$ | 3.61 billion DOD, current US$ | 32.55 billion DOD, current US$ | 10 |
| 2010s | 12.90 billion DOD, current US$ | 4.69 billion DOD, current US$ | 27.58 billion DOD, current US$ | 10 |
| 2020s | 40.48 billion DOD, current US$ | 32.06 billion DOD, current US$ | 50.19 billion DOD, current US$ | 5 |
Countries ranked near Nigeria
- 13 Pakistan 89.56 billion DOD, current US$ compare
- 14 Philippines 80.51 billion DOD, current US$ compare
- 15 Bangladesh 77.58 billion DOD, current US$ compare
- 17 Peru 47.36 billion DOD, current US$ compare
- 18 Angola 46.11 billion DOD, current US$ compare
- 19 Morocco 45.73 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, public and publicly guaranteed (ppg) in Nigeria?
- External debt stocks, public and publicly guaranteed (ppg) in Nigeria was 50.19 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, public and publicly guaranteed (ppg) recorded in Nigeria?
- The highest recorded value was 50.19 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, public and publicly guaranteed (ppg) recorded in Nigeria?
- The lowest recorded value was 452.08 million DOD, current US$ in 1970.
- How does Nigeria rank for external debt stocks, public and publicly guaranteed (ppg)?
- Nigeria ranks 16th out of 123 countries with data for 2024.
- Is external debt stocks, public and publicly guaranteed (ppg) rising or falling in Nigeria?
- Over the last ten years it is up 419.2%. 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, public and publicly guaranteed (PPG) (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.