Multilateral debt service in Nigeria
Nigeria: Multilateral debt service was 1.26 billion TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
1.26 billion TDS, current US$
Change on year
up 46.7%
World rank
21st
of 123 countries
All-time high
1.26 billion TDS, current US$
in 2024
All-time low
13.66 million TDS, current US$
in 1970
Years of data
55
1970–2024
Multilateral debt service in Nigeria, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
In 2024, multilateral debt service in Nigeria stood at 1.26 billion TDS, current US$. That is the highest value across all 55 years on record.
That represents a change of up 46.7% on the previous year and up 748.9% over ten years.
Over the whole period, multilateral debt service in Nigeria peaked at 1.26 billion TDS, current US$ in 2024 and was at its lowest, 13.66 million TDS, current US$, in 1970.
Nigeria ranks 21st of 123 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Multilateral debt service in Nigeria, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 13.66 million TDS, current US$ | — |
| 1971 | 15.73 million TDS, current US$ | +15.2% |
| 1972 | 20.69 million TDS, current US$ | +31.5% |
| 1973 | 26.37 million TDS, current US$ | +27.5% |
| 1974 | 31.84 million TDS, current US$ | +20.7% |
| 1975 | 37.08 million TDS, current US$ | +16.4% |
| 1976 | 40.77 million TDS, current US$ | +9.9% |
| 1977 | 50.03 million TDS, current US$ | +22.7% |
| 1978 | 53.58 million TDS, current US$ | +7.1% |
| 1979 | 67.23 million TDS, current US$ | +25.5% |
| 1980 | 71.11 million TDS, current US$ | +5.8% |
| 1981 | 73.94 million TDS, current US$ | +4.0% |
| 1982 | 87.94 million TDS, current US$ | +18.9% |
| 1983 | 100.59 million TDS, current US$ | +14.4% |
| 1984 | 114.89 million TDS, current US$ | +14.2% |
| 1985 | 130.18 million TDS, current US$ | +13.3% |
| 1986 | 231.43 million TDS, current US$ | +77.8% |
| 1987 | 347.84 million TDS, current US$ | +50.3% |
| 1988 | 447.43 million TDS, current US$ | +28.6% |
| 1989 | 431.92 million TDS, current US$ | -3.5% |
| 1990 | 508.77 million TDS, current US$ | +17.8% |
| 1991 | 645.26 million TDS, current US$ | +26.8% |
| 1992 | 638.44 million TDS, current US$ | -1.1% |
| 1993 | 643.80 million TDS, current US$ | +0.8% |
| 1994 | 767.13 million TDS, current US$ | +19.2% |
| 1995 | 793.14 million TDS, current US$ | +3.4% |
| 1996 | 769.46 million TDS, current US$ | -3.0% |
| 1997 | 747.00 million TDS, current US$ | -2.9% |
| 1998 | 661.60 million TDS, current US$ | -11.4% |
| 1999 | 693.20 million TDS, current US$ | +4.8% |
| 2000 | 595.13 million TDS, current US$ | -14.1% |
| 2001 | 463.66 million TDS, current US$ | -22.1% |
| 2002 | 448.31 million TDS, current US$ | -3.3% |
| 2003 | 487.74 million TDS, current US$ | +8.8% |
| 2004 | 479.04 million TDS, current US$ | -1.8% |
| 2005 | 464.92 million TDS, current US$ | -2.9% |
| 2006 | 426.26 million TDS, current US$ | -8.3% |
| 2007 | 381.29 million TDS, current US$ | -10.6% |
| 2008 | 357.09 million TDS, current US$ | -6.3% |
| 2009 | 261.02 million TDS, current US$ | -26.9% |
| 2010 | 206.71 million TDS, current US$ | -20.8% |
| 2011 | 213.99 million TDS, current US$ | +3.5% |
| 2012 | 127.48 million TDS, current US$ | -40.4% |
| 2013 | 191.73 million TDS, current US$ | +50.4% |
| 2014 | 147.97 million TDS, current US$ | -22.8% |
| 2015 | 153.18 million TDS, current US$ | +3.5% |
| 2016 | 228.40 million TDS, current US$ | +49.1% |
| 2017 | 208.78 million TDS, current US$ | -8.6% |
| 2018 | 274.19 million TDS, current US$ | +31.3% |
| 2019 | 354.68 million TDS, current US$ | +29.4% |
| 2020 | 457.29 million TDS, current US$ | +28.9% |
| 2021 | 512.47 million TDS, current US$ | +12.1% |
| 2022 | 638.01 million TDS, current US$ | +24.5% |
| 2023 | 856.31 million TDS, current US$ | +34.2% |
| 2024 | 1.26 billion TDS, current US$ | +46.7% |
Nigeria compared with similar countries
- Nigeria's 1.26 billion TDS, current US$ is above the median for lower middle income countries, which is 200.14 million TDS, current US$, 6.3× the median. (43 countries reporting)
- Nigeria's 1.26 billion TDS, current US$ is above the median for Sub-Saharan Africa, which is 128.14 million TDS, current US$, 9.8× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 35.70 million TDS, current US$ | 13.66 million TDS, current US$ | 67.23 million TDS, current US$ | 10 |
| 1980s | 203.73 million TDS, current US$ | 71.11 million TDS, current US$ | 447.43 million TDS, current US$ | 10 |
| 1990s | 686.78 million TDS, current US$ | 508.77 million TDS, current US$ | 793.14 million TDS, current US$ | 10 |
| 2000s | 436.45 million TDS, current US$ | 261.02 million TDS, current US$ | 595.13 million TDS, current US$ | 10 |
| 2010s | 210.71 million TDS, current US$ | 127.48 million TDS, current US$ | 354.68 million TDS, current US$ | 10 |
| 2020s | 744.02 million TDS, current US$ | 457.29 million TDS, current US$ | 1.26 billion TDS, current US$ | 5 |
Countries ranked near Nigeria
- 18 Uzbekistan 1.50 billion TDS, current US$ compare
- 19 Peru 1.50 billion TDS, current US$ compare
- 20 Kenya 1.37 billion TDS, current US$ compare
- 22 Tunisia 1.25 billion TDS, current US$ compare
- 23 Bolivia 1.10 billion TDS, current US$ compare
- 24 Dominican Republic 1.05 billion TDS, 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 multilateral debt service in Nigeria?
- Multilateral debt service in Nigeria was 1.26 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest multilateral debt service recorded in Nigeria?
- The highest recorded value was 1.26 billion TDS, current US$ in 2024.
- What is the lowest multilateral debt service recorded in Nigeria?
- The lowest recorded value was 13.66 million TDS, current US$ in 1970.
- How does Nigeria rank for multilateral debt service?
- Nigeria ranks 21st out of 123 countries with data for 2024.
- Is multilateral debt service rising or falling in Nigeria?
- Over the last ten years it is up 748.9%. 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 Multilateral debt service (TDS, current US$). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Debt service payments are the sum of principal repayments and interest payments actually made in the year specified. Data are in current U.S. dollars.