External debt stocks, short-term (DOD, current US$), per unit of GDP in Nigeria
Nigeria: External debt stocks, short-term (DOD, current US$), per unit of GDP was 0.0881 DOD, current US$ per US$ of GDP in 2024. ◆ Volatile
External debt stocks, short-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, short-term (dod, current us$), per unit of gdp in Nigeria stood at 0.0881 DOD, current US$ per US$ of GDP.
The figure is up 134.7% on the previous year and up 300.2% over ten years.
Over the whole period, external debt stocks, short-term (dod, current us$), per unit of gdp in Nigeria peaked at 0.1056 DOD, current US$ per US$ of GDP in 1999 and was at its lowest, 0.0106 DOD, current US$ per US$ of GDP, in 1989.
That places Nigeria 29th out of 121 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, short-term (DOD, current US$), per unit of GDP in Nigeria, year by year
| Year | DOD, current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0215 DOD, current US$ per US$ of GDP | — |
| 1971 | 0.0337 DOD, current US$ per US$ of GDP | +56.7% |
| 1972 | 0.0285 DOD, current US$ per US$ of GDP | -15.4% |
| 1973 | 0.0379 DOD, current US$ per US$ of GDP | +32.8% |
| 1974 | 0.0244 DOD, current US$ per US$ of GDP | -35.5% |
| 1975 | 0.0196 DOD, current US$ per US$ of GDP | -19.9% |
| 1976 | 0.0119 DOD, current US$ per US$ of GDP | -39.3% |
| 1977 | 0.06 DOD, current US$ per US$ of GDP | +404.6% |
| 1978 | 0.067 DOD, current US$ per US$ of GDP | +11.7% |
| 1979 | 0.0483 DOD, current US$ per US$ of GDP | -27.9% |
| 1980 | 0.0553 DOD, current US$ per US$ of GDP | +14.6% |
| 1981 | 0.0269 DOD, current US$ per US$ of GDP | -51.4% |
| 1982 | 0.0178 DOD, current US$ per US$ of GDP | -34.0% |
| 1983 | 0.0521 DOD, current US$ per US$ of GDP | +193.5% |
| 1984 | 0.0782 DOD, current US$ per US$ of GDP | +50.0% |
| 1985 | 0.0677 DOD, current US$ per US$ of GDP | -13.4% |
| 1986 | 0.0672 DOD, current US$ per US$ of GDP | -0.8% |
| 1987 | 0.0298 DOD, current US$ per US$ of GDP | -55.7% |
| 1988 | 0.0312 DOD, current US$ per US$ of GDP | +4.7% |
| 1989 | 0.0106 DOD, current US$ per US$ of GDP | -66.1% |
| 1990 | 0.0278 DOD, current US$ per US$ of GDP | +163.4% |
| 1991 | 0.0144 DOD, current US$ per US$ of GDP | -48.2% |
| 1992 | 0.0424 DOD, current US$ per US$ of GDP | +194.2% |
| 1993 | 0.0698 DOD, current US$ per US$ of GDP | +64.4% |
| 1994 | 0.06 DOD, current US$ per US$ of GDP | -14.0% |
| 1995 | 0.0401 DOD, current US$ per US$ of GDP | -33.2% |
| 1996 | 0.0306 DOD, current US$ per US$ of GDP | -23.8% |
| 1997 | 0.0275 DOD, current US$ per US$ of GDP | -9.9% |
| 1998 | 0.0301 DOD, current US$ per US$ of GDP | +9.2% |
| 1999 | 0.1056 DOD, current US$ per US$ of GDP | +251.5% |
| 2000 | 0.0162 DOD, current US$ per US$ of GDP | -84.7% |
| 2001 | 0.0223 DOD, current US$ per US$ of GDP | +37.9% |
| 2002 | 0.0239 DOD, current US$ per US$ of GDP | +6.9% |
| 2003 | 0.032 DOD, current US$ per US$ of GDP | +33.9% |
| 2004 | 0.0386 DOD, current US$ per US$ of GDP | +20.8% |
| 2005 | 0.0314 DOD, current US$ per US$ of GDP | -18.8% |
| 2006 | 0.0235 DOD, current US$ per US$ of GDP | -25.0% |
| 2007 | 0.0232 DOD, current US$ per US$ of GDP | -1.3% |
| 2008 | 0.0182 DOD, current US$ per US$ of GDP | -21.5% |
| 2009 | 0.0196 DOD, current US$ per US$ of GDP | +7.4% |
| 2010 | 0.0257 DOD, current US$ per US$ of GDP | +31.4% |
| 2011 | 0.0274 DOD, current US$ per US$ of GDP | +6.7% |
| 2012 | 0.0334 DOD, current US$ per US$ of GDP | +21.9% |
| 2013 | 0.0295 DOD, current US$ per US$ of GDP | -11.8% |
| 2014 | 0.022 DOD, current US$ per US$ of GDP | -25.4% |
| 2015 | 0.0179 DOD, current US$ per US$ of GDP | -18.5% |
| 2016 | 0.0161 DOD, current US$ per US$ of GDP | -10.1% |
| 2017 | 0.0465 DOD, current US$ per US$ of GDP | +188.3% |
| 2018 | 0.0327 DOD, current US$ per US$ of GDP | -29.6% |
| 2019 | 0.0312 DOD, current US$ per US$ of GDP | -4.6% |
| 2020 | 0.0308 DOD, current US$ per US$ of GDP | -1.4% |
| 2021 | 0.0305 DOD, current US$ per US$ of GDP | -0.9% |
| 2022 | 0.0332 DOD, current US$ per US$ of GDP | +9.0% |
| 2023 | 0.0375 DOD, current US$ per US$ of GDP | +12.9% |
| 2024 | 0.0881 DOD, current US$ per US$ of GDP | +134.7% |
Nigeria compared with similar countries
- Nigeria's 0.0881 DOD, current US$ per US$ of GDP is above the median for lower middle income countries, which is 0.0418 DOD, current US$ per US$ of GDP, 2.1× the median. (43 countries reporting)
- Nigeria's 0.0881 DOD, current US$ per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0173 DOD, current US$ per US$ of GDP, 5.1× the median. (44 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, short-term (DOD, current US$), per unit of GDP in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +404.6% | 0.0119 DOD, current US$ per US$ of GDP | 0.06 DOD, current US$ per US$ of GDP |
| 1999 | +251.5% | 0.0301 DOD, current US$ per US$ of GDP | 0.1056 DOD, current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0353 DOD, current US$ per US$ of GDP | 0.0119 DOD, current US$ per US$ of GDP | 0.067 DOD, current US$ per US$ of GDP | 10 |
| 1980s | 0.0437 DOD, current US$ per US$ of GDP | 0.0106 DOD, current US$ per US$ of GDP | 0.0782 DOD, current US$ per US$ of GDP | 10 |
| 1990s | 0.0448 DOD, current US$ per US$ of GDP | 0.0144 DOD, current US$ per US$ of GDP | 0.1056 DOD, current US$ per US$ of GDP | 10 |
| 2000s | 0.0249 DOD, current US$ per US$ of GDP | 0.0162 DOD, current US$ per US$ of GDP | 0.0386 DOD, current US$ per US$ of GDP | 10 |
| 2010s | 0.0283 DOD, current US$ per US$ of GDP | 0.0161 DOD, current US$ per US$ of GDP | 0.0465 DOD, current US$ per US$ of GDP | 10 |
| 2020s | 0.044 DOD, current US$ per US$ of GDP | 0.0305 DOD, current US$ per US$ of GDP | 0.0881 DOD, current US$ per US$ of GDP | 5 |
Countries ranked near Nigeria
- 26 Sudan 0.0953 DOD, current US$ per US$ of GDP compare
- 27 Cambodia 0.0927 DOD, current US$ per US$ of GDP compare
- 28 Vanuatu 0.0885 DOD, current US$ per US$ of GDP compare
- 30 Kyrgyzstan 0.088 DOD, current US$ per US$ of GDP compare
- 31 Egypt 0.0797 DOD, current US$ per US$ of GDP compare
- 32 Paraguay 0.0796 DOD, current US$ per US$ of GDP compare
More external debt data for Nigeria
- Net financial flows, IBRD 141.84 million NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre 1,640 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 5.52 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 56.88 billion DOD, current US$ (2025)
- External debt stocks, long-term 111.36 billion DOD, current US$ (2025)
Frequently asked questions
- What is external debt stocks, short-term (dod, current us$), per unit of gdp in Nigeria?
- External debt stocks, short-term (dod, current us$), per unit of gdp in Nigeria was 0.0881 DOD, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest external debt stocks, short-term (dod, current us$), per unit of gdp recorded in Nigeria?
- The highest recorded value was 0.1056 DOD, current US$ per US$ of GDP in 1999.
- What is the lowest external debt stocks, short-term (dod, current us$), per unit of gdp recorded in Nigeria?
- The lowest recorded value was 0.0106 DOD, current US$ per US$ of GDP in 1989.
- How does Nigeria rank for external debt stocks, short-term (dod, current us$), per unit of gdp?
- Nigeria ranks 29th out of 121 countries with data for 2024.
- Is external debt stocks, short-term (dod, current us$), per unit of gdp rising or falling in Nigeria?
- Over the last ten years it is up 300.2%. 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, short-term (DOD, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
External debt stocks, short-term (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
External debt stocks, short-term (DOD, current US$) ÷ GDP (current US$)
Computed from
- External debt stocks, short-term International Debt Statistics, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
External debt stocks, short-term (DOD, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.