Interest payments, Long-term debt including IMF credit in Nigeria
Nigeria: Interest payments, Long-term debt including IMF credit was 99.03 million current US$ in 2011. ◆ Volatile
Interest payments, Long-term debt including IMF credit in Nigeria, 1970–2011
Source: World Bank, Global Development Finance. Measured in current US$.
Analysis
The most recent figure for interest payments, long-term debt including imf credit in Nigeria is 99.03 million current US$, measured in 2011.
The figure is up 46.7% on the previous year and down 87.8% over ten years.
Over the whole period, interest payments, long-term debt including imf credit in Nigeria peaked at 4.94 billion current US$ in 2005 and was at its lowest, 255,000 current US$, in 1970.
That places Nigeria 10th out of 50 countries with data for 2011, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments, Long-term debt including IMF credit in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 255,000 current US$ | — |
| 1971 | 30.09 million current US$ | +11699.6% |
| 1972 | 31.46 million current US$ | +4.6% |
| 1973 | 38.20 million current US$ | +21.4% |
| 1974 | 41.70 million current US$ | +9.1% |
| 1975 | 45.42 million current US$ | +8.9% |
| 1976 | 44.29 million current US$ | -2.5% |
| 1977 | 52.07 million current US$ | +17.6% |
| 1978 | 66.20 million current US$ | +27.2% |
| 1979 | 257.16 million current US$ | +288.4% |
| 1980 | 529.35 million current US$ | +105.8% |
| 1981 | 668.51 million current US$ | +26.3% |
| 1982 | 870.44 million current US$ | +30.2% |
| 1983 | 989.87 million current US$ | +13.7% |
| 1984 | 1.24 billion current US$ | +25.1% |
| 1985 | 1.29 billion current US$ | +3.8% |
| 1986 | 507.11 million current US$ | -60.6% |
| 1987 | 607.41 million current US$ | +19.8% |
| 1988 | 1.48 billion current US$ | +143.4% |
| 1989 | 1.48 billion current US$ | +0.1% |
| 1990 | 2.12 billion current US$ | +43.5% |
| 1991 | 2.05 billion current US$ | -3.3% |
| 1992 | 1.83 billion current US$ | -10.9% |
| 1993 | 862.00 million current US$ | -52.9% |
| 1994 | 1.08 billion current US$ | +24.7% |
| 1995 | 858.78 million current US$ | -20.1% |
| 1996 | 1.04 billion current US$ | +21.5% |
| 1997 | 543.56 million current US$ | -47.9% |
| 1998 | 520.80 million current US$ | -4.2% |
| 1999 | 426.46 million current US$ | -18.1% |
| 2000 | 699.22 million current US$ | +64.0% |
| 2001 | 809.01 million current US$ | +15.7% |
| 2002 | 327.74 million current US$ | -59.5% |
| 2003 | 412.74 million current US$ | +25.9% |
| 2004 | 546.02 million current US$ | +32.3% |
| 2005 | 4.94 billion current US$ | +805.4% |
| 2006 | 268.32 million current US$ | -94.6% |
| 2007 | 94.98 million current US$ | -64.6% |
| 2008 | 89.36 million current US$ | -5.9% |
| 2009 | 90.71 million current US$ | +1.5% |
| 2010 | 67.52 million current US$ | -25.6% |
| 2011 | 99.03 million current US$ | +46.7% |
Nigeria compared with similar countries
- Nigeria's 99.03 million current US$ is above the median for lower middle income countries, which is 48.86 million current US$, 2.0× the median. (23 countries reporting)
- Nigeria's 99.03 million current US$ is above the median for Sub-Saharan Africa, which is 20.75 million current US$, 4.8× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Interest payments, Long-term debt including IMF credit in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1971 | +11699.6% | 255,000 current US$ | 30.09 million current US$ |
| 2005 | +805.4% | 546.02 million current US$ | 4.94 billion current US$ |
| 1979 | +288.4% | 66.20 million current US$ | 257.16 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 60.68 million current US$ | 255,000 current US$ | 257.16 million current US$ | 10 |
| 1980s | 965.44 million current US$ | 507.11 million current US$ | 1.48 billion current US$ | 10 |
| 1990s | 1.13 billion current US$ | 426.46 million current US$ | 2.12 billion current US$ | 10 |
| 2000s | 828.18 million current US$ | 89.36 million current US$ | 4.94 billion current US$ | 10 |
| 2010s | 83.27 million current US$ | 67.52 million current US$ | 99.03 million current US$ | 2 |
Countries ranked near Nigeria
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 interest payments, long-term debt including imf credit in Nigeria?
- Interest payments, long-term debt including imf credit in Nigeria was 99.03 million current US$ in 2011, according to World Bank, Global Development Finance.
- What is the highest interest payments, long-term debt including imf credit recorded in Nigeria?
- The highest recorded value was 4.94 billion current US$ in 2005.
- What is the lowest interest payments, long-term debt including imf credit recorded in Nigeria?
- The lowest recorded value was 255,000 current US$ in 1970.
- How does Nigeria rank for interest payments, long-term debt including imf credit?
- Nigeria ranks 10th out of 50 countries with data for 2011.
- Is interest payments, long-term debt including imf credit rising or falling in Nigeria?
- Over the last ten years it is down 87.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank, Global Development Finance, published as part of Interest payments, Long-term debt including IMF credit (current US$). Statizoid updates them automatically from the source API.
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About this data
Interest payments on long-term debt are actual amounts of interest paid in currency, goods, or services in the year specified. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents and repayable in currency, goods, or services. IMF charges cover interest payments with respect to all uses of IMF resources, excluding those resulting from drawings in the reserve tranche.