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

Latest (2011)
99.03 million current US$
Change on year
up 46.7%
World rank
10th
of 50 countries
All-time high
4.94 billion current US$
in 2005
All-time low
255,000 current US$
in 1970
Years of data
42
1970–2011

Interest payments, Long-term debt including IMF credit in Nigeria, 1970–2011

01.0B2.0B3.0B4.0B5.0B1970199020111970: 255.0k current US$1971: 30.1M current US$1972: 31.5M current US$1973: 38.2M current US$1974: 41.7M current US$1975: 45.4M current US$1976: 44.3M current US$1977: 52.1M current US$1978: 66.2M current US$1979: 257.2M current US$1980: 529.4M current US$1981: 668.5M current US$1982: 870.4M current US$1983: 989.9M current US$1984: 1.2B current US$1985: 1.3B current US$1986: 507.1M current US$1987: 607.4M current US$1988: 1.5B current US$1989: 1.5B current US$1990: 2.1B current US$1991: 2.1B current US$1992: 1.8B current US$1993: 862.0M current US$1994: 1.1B current US$1995: 858.8M current US$1996: 1.0B current US$1997: 543.6M current US$1998: 520.8M current US$1999: 426.5M current US$2000: 699.2M current US$2001: 809.0M current US$2002: 327.7M current US$2003: 412.7M current US$2004: 546.0M current US$2005: 4.9B current US$2006: 268.3M current US$2007: 95.0M current US$2008: 89.4M current US$2009: 90.7M current US$2010: 67.5M current US$2011: 99.0M current US$

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 7 Senegal 122.41 million current US$ compare
  2. 8 Democratic Republic of Congo 121.02 million current US$ compare
  3. 9 Sudan 100.66 million current US$ compare
  4. 11 Ghana 98.36 million current US$ compare
  5. 12 Kenya 92.63 million current US$ compare
  6. 13 Ethiopia 91.15 million current US$ compare

See the full ranking of 56 places →

More external debt data for Nigeria

All data for Nigeria →

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

Indicator
Interest payments, Long-term debt including IMF credit (current US$)
Unit
current US$
Source
World Bank, Global Development Finance
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
56 places, 2,243 data points, 1970–2011
Last refreshed

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.