External debt stocks, short-term in Nigeria
Nigeria: External debt stocks, short-term was 22.23 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
22.23 billion DOD, current US$
Change on year
up 21.5%
World rank
13th
of 122 countries
All-time high
22.23 billion DOD, current US$
in 2024
All-time low
269.60 million DOD, current US$
in 1970
Years of data
55
1970–2024
External debt stocks, short-term in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
In 2024, external debt stocks, short-term in Nigeria stood at 22.23 billion DOD, current US$. That is the highest value across all 55 years on record.
The figure is up 21.5% on the previous year and up 75.8% over ten years.
Over the whole period, external debt stocks, short-term in Nigeria peaked at 22.23 billion DOD, current US$ in 2024 and was at its lowest, 269.60 million DOD, current US$, in 1970.
Nigeria ranks 13th of 122 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, short-term in Nigeria, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 269.60 million DOD, current US$ | — |
| 1971 | 309.25 million DOD, current US$ | +14.7% |
| 1972 | 349.95 million DOD, current US$ | +13.2% |
| 1973 | 574.17 million DOD, current US$ | +64.1% |
| 1974 | 606.83 million DOD, current US$ | +5.7% |
| 1975 | 543.75 million DOD, current US$ | -10.4% |
| 1976 | 431.56 million DOD, current US$ | -20.6% |
| 1977 | 2.16 billion DOD, current US$ | +400.8% |
| 1978 | 2.45 billion DOD, current US$ | +13.2% |
| 1979 | 2.28 billion DOD, current US$ | -6.7% |
| 1980 | 3.55 billion DOD, current US$ | +55.6% |
| 1981 | 4.43 billion DOD, current US$ | +24.6% |
| 1982 | 2.53 billion DOD, current US$ | -42.7% |
| 1983 | 5.06 billion DOD, current US$ | +99.6% |
| 1984 | 5.74 billion DOD, current US$ | +13.6% |
| 1985 | 4.99 billion DOD, current US$ | -13.1% |
| 1986 | 3.68 billion DOD, current US$ | -26.3% |
| 1987 | 1.57 billion DOD, current US$ | -57.4% |
| 1988 | 1.55 billion DOD, current US$ | -1.3% |
| 1989 | 464.77 million DOD, current US$ | -70.0% |
| 1990 | 1.50 billion DOD, current US$ | +223.5% |
| 1991 | 858.65 million DOD, current US$ | -42.9% |
| 1992 | 2.21 billion DOD, current US$ | +157.3% |
| 1993 | 3.96 billion DOD, current US$ | +79.1% |
| 1994 | 4.83 billion DOD, current US$ | +22.0% |
| 1995 | 5.65 billion DOD, current US$ | +17.1% |
| 1996 | 5.68 billion DOD, current US$ | +0.4% |
| 1997 | 5.53 billion DOD, current US$ | -2.6% |
| 1998 | 6.56 billion DOD, current US$ | +18.7% |
| 1999 | 6.25 billion DOD, current US$ | -4.8% |
| 2000 | 1.12 billion DOD, current US$ | -82.1% |
| 2001 | 1.64 billion DOD, current US$ | +46.7% |
| 2002 | 2.27 billion DOD, current US$ | +38.2% |
| 2003 | 3.35 billion DOD, current US$ | +47.6% |
| 2004 | 5.25 billion DOD, current US$ | +56.6% |
| 2005 | 5.51 billion DOD, current US$ | +5.1% |
| 2006 | 5.61 billion DOD, current US$ | +1.9% |
| 2007 | 6.46 billion DOD, current US$ | +15.1% |
| 2008 | 6.19 billion DOD, current US$ | -4.2% |
| 2009 | 5.78 billion DOD, current US$ | -6.7% |
| 2010 | 9.44 billion DOD, current US$ | +63.4% |
| 2011 | 11.37 billion DOD, current US$ | +20.5% |
| 2012 | 15.52 billion DOD, current US$ | +36.4% |
| 2013 | 15.34 billion DOD, current US$ | -1.1% |
| 2014 | 12.64 billion DOD, current US$ | -17.6% |
| 2015 | 8.85 billion DOD, current US$ | -30.0% |
| 2016 | 6.53 billion DOD, current US$ | -26.2% |
| 2017 | 17.47 billion DOD, current US$ | +167.7% |
| 2018 | 13.80 billion DOD, current US$ | -21.0% |
| 2019 | 20.86 billion DOD, current US$ | +51.2% |
| 2020 | 18.42 billion DOD, current US$ | -11.7% |
| 2021 | 18.57 billion DOD, current US$ | +0.8% |
| 2022 | 21.50 billion DOD, current US$ | +15.8% |
| 2023 | 18.29 billion DOD, current US$ | -14.9% |
| 2024 | 22.23 billion DOD, current US$ | +21.5% |
Nigeria compared with similar countries
- Nigeria's 22.23 billion DOD, current US$ is above the median for lower middle income countries, which is 1.27 billion DOD, current US$, 17.5× the median. (43 countries reporting)
- Nigeria's 22.23 billion DOD, current US$ is above the median for Sub-Saharan Africa, which is 364.71 million DOD, current US$, 60.9× the median. (44 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, short-term in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +400.8% | 431.56 million DOD, current US$ | 2.16 billion DOD, current US$ |
| 1990 | +223.5% | 464.77 million DOD, current US$ | 1.50 billion DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 997.57 million DOD, current US$ | 269.60 million DOD, current US$ | 2.45 billion DOD, current US$ | 10 |
| 1980s | 3.36 billion DOD, current US$ | 464.77 million DOD, current US$ | 5.74 billion DOD, current US$ | 10 |
| 1990s | 4.30 billion DOD, current US$ | 858.65 million DOD, current US$ | 6.56 billion DOD, current US$ | 10 |
| 2000s | 4.32 billion DOD, current US$ | 1.12 billion DOD, current US$ | 6.46 billion DOD, current US$ | 10 |
| 2010s | 13.18 billion DOD, current US$ | 6.53 billion DOD, current US$ | 20.86 billion DOD, current US$ | 10 |
| 2020s | 19.80 billion DOD, current US$ | 18.29 billion DOD, current US$ | 22.23 billion DOD, current US$ | 5 |
Countries ranked near Nigeria
- 10 South Africa 46.83 billion DOD, current US$ compare
- 11 Vietnam 37.09 billion DOD, current US$ compare
- 12 Egypt 31.00 billion DOD, current US$ compare
- 14 Philippines 20.95 billion DOD, current US$ compare
- 15 Kazakhstan 19.59 billion DOD, current US$ compare
- 16 Colombia 19.05 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, short-term in Nigeria?
- External debt stocks, short-term in Nigeria was 22.23 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, short-term recorded in Nigeria?
- The highest recorded value was 22.23 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, short-term recorded in Nigeria?
- The lowest recorded value was 269.60 million DOD, current US$ in 1970.
- How does Nigeria rank for external debt stocks, short-term?
- Nigeria ranks 13th out of 122 countries with data for 2024.
- Is external debt stocks, short-term rising or falling in Nigeria?
- Over the last ten years it is up 75.8%. 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, short-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
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Data are in current U.S. dollars.