Multilateral debt service (TDS, current US$), annual growth rate in Nigeria
Nigeria: Multilateral debt service (TDS, current US$), annual growth rate was 46.68 % change on previous year in 2024. ◆ Volatile
Multilateral debt service (TDS, current US$), annual growth rate in Nigeria, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, multilateral debt service (tds, current us$), annual growth rate in Nigeria stood at 46.68 % change on previous year.
Compared with earlier readings it is up 36.4% on the previous year and up 304.5% over ten years.
Over the whole period, multilateral debt service (tds, current us$), annual growth rate in Nigeria peaked at 77.77 % change on previous year in 1986 and was at its lowest, -40.42 % change on previous year, in 2012.
Nigeria ranks 12th of 121 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Multilateral debt service (TDS, current US$), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 15.16 % change on previous year | — |
| 1972 | 31.54 % change on previous year | +108.1% |
| 1973 | 27.45 % change on previous year | -13.0% |
| 1974 | 20.74 % change on previous year | -24.4% |
| 1975 | 16.45 % change on previous year | -20.7% |
| 1976 | 9.95 % change on previous year | -39.5% |
| 1977 | 22.72 % change on previous year | +128.4% |
| 1978 | 7.1 % change on previous year | -68.8% |
| 1979 | 25.46 % change on previous year | +258.8% |
| 1980 | 5.78 % change on previous year | -77.3% |
| 1981 | 3.99 % change on previous year | -30.9% |
| 1982 | 18.93 % change on previous year | +374.5% |
| 1983 | 14.39 % change on previous year | -24.0% |
| 1984 | 14.21 % change on previous year | -1.2% |
| 1985 | 13.31 % change on previous year | -6.3% |
| 1986 | 77.77 % change on previous year | +484.3% |
| 1987 | 50.3 % change on previous year | -35.3% |
| 1988 | 28.63 % change on previous year | -43.1% |
| 1989 | -3.47 % change on previous year | -112.1% |
| 1990 | 17.79 % change on previous year | -613.3% |
| 1991 | 26.83 % change on previous year | +50.8% |
| 1992 | -1.06 % change on previous year | -103.9% |
| 1993 | 0.8388 % change on previous year | -179.4% |
| 1994 | 19.16 % change on previous year | +2184.0% |
| 1995 | 3.39 % change on previous year | -82.3% |
| 1996 | -2.99 % change on previous year | -188.1% |
| 1997 | -2.92 % change on previous year | -2.2% |
| 1998 | -11.43 % change on previous year | +291.6% |
| 1999 | 4.78 % change on previous year | -141.8% |
| 2000 | -14.15 % change on previous year | -396.2% |
| 2001 | -22.09 % change on previous year | +56.2% |
| 2002 | -3.31 % change on previous year | -85.0% |
| 2003 | 8.8 % change on previous year | -365.8% |
| 2004 | -1.78 % change on previous year | -120.3% |
| 2005 | -2.95 % change on previous year | +65.3% |
| 2006 | -8.31 % change on previous year | +182.0% |
| 2007 | -10.55 % change on previous year | +26.9% |
| 2008 | -6.35 % change on previous year | -39.8% |
| 2009 | -26.9 % change on previous year | +323.9% |
| 2010 | -20.81 % change on previous year | -22.7% |
| 2011 | 3.52 % change on previous year | -116.9% |
| 2012 | -40.42 % change on previous year | -1248.3% |
| 2013 | 50.39 % change on previous year | -224.7% |
| 2014 | -22.82 % change on previous year | -145.3% |
| 2015 | 3.53 % change on previous year | -115.4% |
| 2016 | 49.1 % change on previous year | +1292.6% |
| 2017 | -8.59 % change on previous year | -117.5% |
| 2018 | 31.33 % change on previous year | -464.8% |
| 2019 | 29.35 % change on previous year | -6.3% |
| 2020 | 28.93 % change on previous year | -1.4% |
| 2021 | 12.07 % change on previous year | -58.3% |
| 2022 | 24.5 % change on previous year | +103.0% |
| 2023 | 34.21 % change on previous year | +39.7% |
| 2024 | 46.68 % change on previous year | +36.4% |
Nigeria compared with similar countries
- Nigeria's 46.68 % change on previous year is above the median for lower middle income countries, which is 12.54 % change on previous year, 3.7× the median. (43 countries reporting)
- Nigeria's 46.68 % change on previous year is above the median for Sub-Saharan Africa, which is 17.27 % change on previous year, 2.7× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Multilateral debt service (TDS, current US$), annual growth rate in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +2184.0% | 0.8388 % change on previous year | 19.16 % change on previous year |
| 2016 | +1292.6% | 3.53 % change on previous year | 49.1 % change on previous year |
| 2012 | -1248.3% | 3.52 % change on previous year | -40.42 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.62 % change on previous year | 7.1 % change on previous year | 31.54 % change on previous year | 9 |
| 1980s | 22.38 % change on previous year | -3.47 % change on previous year | 77.77 % change on previous year | 10 |
| 1990s | 5.44 % change on previous year | -11.43 % change on previous year | 26.83 % change on previous year | 10 |
| 2000s | -8.76 % change on previous year | -26.9 % change on previous year | 8.8 % change on previous year | 10 |
| 2010s | 7.46 % change on previous year | -40.42 % change on previous year | 50.39 % change on previous year | 10 |
| 2020s | 29.28 % change on previous year | 12.07 % change on previous year | 46.68 % change on previous year | 5 |
Countries ranked near Nigeria
- 9 Maldives 59.38 % change on previous year compare
- 10 Thailand 52.77 % change on previous year compare
- 11 Guinea 51.19 % change on previous year compare
- 13 Egypt 46.19 % change on previous year compare
- 14 Turkmenistan 45.2 % change on previous year compare
- 15 Argentina 43.47 % change on previous year compare
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (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 multilateral debt service (tds, current us$), annual growth rate in Nigeria?
- Multilateral debt service (tds, current us$), annual growth rate in Nigeria was 46.68 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest multilateral debt service (tds, current us$), annual growth rate recorded in Nigeria?
- The highest recorded value was 77.77 % change on previous year in 1986.
- What is the lowest multilateral debt service (tds, current us$), annual growth rate recorded in Nigeria?
- The lowest recorded value was -40.42 % change on previous year in 2012.
- How does Nigeria rank for multilateral debt service (tds, current us$), annual growth rate?
- Nigeria ranks 12th out of 121 countries with data for 2024.
- Is multilateral debt service (tds, current us$), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is up 304.5%. 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 Multilateral debt service (TDS, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Multilateral debt service (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Multilateral debt service International Debt Statistics, World Bank (WB)
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
The year-on-year percentage change in Multilateral debt service (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.